By Ayomide Otitoju The Plateau State Government has commenced the sale of 500 truckloads of subsidised fertiliser for the 2026 cropping season, with Governor Caleb Mutfwang announcing a reduction in the price to ₦20,000 per bag to boost food production and support farmers across the state. The flag-off ceremony, held in Jos South Local Government…
By Ayomide Otitoju Rising food prices, transportation costs and other operating expenses are putting increasing pressure on akara and puff-puff sellers, with many traders saying they are struggling to sustain their businesses despite continued demand. Speaking separately with Trust Africa News, the traders said the soaring cost of beans, flour, cooking oil, gas and other…
By Ayomide otitoju Rising inflation and the increasing cost of agricultural produce are placing severe pressure on roasted corn sellers across Nigeria, with many traders saying shrinking profits and rising operating expenses are threatening their livelihoods. Traders who spoke with Trust Africa News said the soaring prices of maize, transportation and other business inputs have…
By Ayomide Otitoju The Nigerian Education Loan Fund (NELFUND) has disbursed a total of ₦1.5 billion in student loans to 6,129 students across three tertiary institutions for the 2025/2026 academic session. In an update posted on its verified X handle on Thursday, NELFUND said the beneficiaries are students of Bamidele Olumilua University of Education, Science…
By Ayomide Otitoju The Eko Electricity Distribution Company (EKEDC) and the Ibadan Electricity Distribution Company (IBEDC) have announced power outages in several communities following flooding caused by heavy rainfall and transmission network faults. In a statement issued on Wednesday, EKEDC said electricity supply to parts of its network had been reduced after outages on the…
By Ayomide Otitoju The Nigerian Meteorological Agency (NiMet) has forecast widespread rainfall and thunderstorms across most parts of the country on Thursday, warning of possible flooding, strong winds and reduced visibility in several states. In its latest weather outlook, the agency said the wet conditions would affect states across the northern, North Central and southern…
The International Monetary Fund (IMF) has lowered its global economic growth forecast for 2026 to 3.0 per cent, citing the economic impact of the ongoing conflict in the Middle East despite continued momentum in artificial intelligence-driven investment. In its latest World Economic Outlook update released on Wednesday, the IMF reduced its growth projection from the…
By Ayomide Otitoju In an article titled “Are We Entering a Fully Digital Financial Economy?”, Oke said every major financial innovation, from paper currency to online banking and blockchain technology, has been designed to solve the challenge of enabling trust between people who have never met. According to him, the current financial revolution is not simply…
By Ayomide Otitoju The Central Bank of Nigeria (CBN) has clarified that both the standard ₦100 banknote and the commemorative ₦100 note remain legal tender and must be accepted for all transactions across the country. The clarification followed reports that some individuals, businesses and other stakeholders have been rejecting the standard ₦100 note over concerns…
