January 27, 2026

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FAAN GOES CASHLESS — NIGERIA’S AIRPORTS ENTER THE DIGITAL ERA

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The Federal Airports Authority of Nigeria (FAAN) has launched a nationwide cashless policy, beginning at the Nnamdi Azikiwe International Airport Abuja. The rollout, which will extend to all FAAN-managed airports by Q1 2026, aims to eliminate revenue leakages, block corruption channels, and transform passenger experience....

CBN SLAMS POS OPERATORS WITH ₦1.2 MILLION DAILY LIMIT — DIGITAL OVERSIGHT TIGHTENS

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The Central Bank of Nigeria (CBN) has rolled out sweeping new rules capping Point-of-Sale (POS) agent transactions at ₦1.2 million per day. It’s the boldest step yet in Nigeria’s drive to sanitise the fintech space, strengthen oversight, and push the nation toward a fully cashless economy....

Shea Nut Market Roars Back — Nigeria’s Export Ban Sparks 18 % Price Surge and Local Industry Boom

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Nigeria’s controversial ban on raw shea nut exports has triggered an unexpected rebound, with domestic prices soaring 18 % above pre-ban levels as local processors ramp up capacity. Analysts say the move is reshaping rural economies and proving that value-addition policies can actually pay off....

NNPCL Targets 1.8 Million Barrels Per Day as Nigeria’s Oil Output Rebounds

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Nigeria’s crude oil production is on track to hit 1.8 million barrels per day by December 2025, the highest in five years, following reforms and conflict resolution in the energy sector. The Nigerian National Petroleum Company Limited (NNPCL) says the rebound reflects renewed investor confidence and operational stability....

“Nigeria Is Greater Than PENGASSAN” — Shettima Clashes with Labour Over Dangote Refinery Shutdown

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Nigeria’s Vice President Kashim Shettima has waded into the escalating clash between oil workers and the Dangote Refinery, warning that no union or individual is greater than the nation. His remarks ignited a fierce response from labour leaders who accused the government of bias and corporate protectionism....

Tinubu Approves ₦4 Trillion Bond to Clear Power Debts, Restore Investor Confidence

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President Bola Tinubu has approved a ₦4 trillion bond to clear legacy debts owed to power-generation firms and gas suppliers, a decisive step expected to reset liquidity in Nigeria’s electricity market, attract new investment, and rebuild confidence across the energy value chain....

Beyond The Court: Nollywood Basketball Film Brings Dreams and Grit to the Screen

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The newly released short film Beyond The Court, starring rising talent Chimezie Imo, captures the raw determination of Nigerian youth chasing basketball glory against all odds. Produced by Ambassador Stephanie Innocent, the film merges sports and human resilience in a visually striking story that has already positioned itself as a bold addition to Nollywood’s sports genre....

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