News

Canada Delegation: Wrong for president’s aide to lead elected governors on foreign mission – ADC

Published

3 weeks ago

August 8, 2026

Preport

The African Democratic Congress, ADC, has faulted the selection of a presidential aide, to lead a delegation of state governors to a foreign mission.

In a post on X, the National Publicity Secretary of the ADC, Bolaji Abdullahi, said it was absurd for a personal aide to the president and and his Chief of Staff, Femi Gbajabiamila to lead elected governors on such a mission.

Recall that President Tinubu had approved a Federal Government delegation led by Gbajabiamila to represent Nigeria at the maiden Nigeria Diaspora Investment Economic Conference in Toronto, Canada.

The delegation includes Borno State Governor, Babagana Zulum, Anambra State Governor, Chukwuma Soludo, Kaduna State Governor, Uba Sani, Plateau State Governor, Caleb Mutfwang and Zamfara State Governor, Dauda Lawal, as well as some ministers.

In an outrage over the president’s decision, the ADC spokesman said, “Just when you think that you have seen the worst of this Tinubu government, they will just surprise you.

“How can the President’s Chief of Staff, an unelected personal aide of the president, lead elected state governors on a foreign mission. It is well,” he tweeted.

News

Tobi Amusan Wins 100m Hurdles at Grand Prix Brescia

Published

4 minutes ago

August 30, 2026

Preport

Nigerian sprint hurdler Tobi Amusan continued her impressive campaign with victory in the women’s 100m hurdles at the Grand Prix Brescia in Italy.

Sports247 reports that Amusan clocked 12.56 seconds to take the top spot despite competing into a stiff -1.7m/s headwind, producing a strong performance under challenging conditions.

The Nigerian was pushed by American hurdler Alaysha Johnson, who finished second in 12.62 seconds, while Jamaica’s Ackera Nugent completed the podium after crossing the line in 12.75 seconds.

Amusan’s winning performance underlines her consistency and competitive strength in an event where margins are often decided by hundredths of a second. Her 12.56s was six hundredths faster than Johnson and 19 hundredths ahead of Nugent.

The adverse wind conditions made the achievement even more notable, with the -1.7m/s headwind presenting an additional challenge for all three athletes.

For Amusan, the Brescia victory provides another valuable competitive outing as she continues to build momentum in the 100m hurdles.

The Nigerian has established herself among the world’s leading hurdlers, and performances such as this further reinforce her status as one of Africa’s premier track and field athletes.

Johnson’s 12.62s earned her a strong second-place finish, while Nugent’s 12.75s secured third as the leading trio separated themselves from the rest of the field.

With the season progressing, Amusan’s ability to produce a 12.56s winning time against a significant headwind will provide encouragement ahead of her next assignments.

The victory also adds another international success to the Nigerian star’s résumé, keeping her firmly in the spotlight as the global women’s hurdles season gathers pace.

Business

Nigeria’s Remittances Hit Record $947m in July, Nearing CBN’s $1bn Monthly Target

Published

45 minutes ago

August 30, 2026

Preport

Nigeria recorded US$947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through formal channels and approaching the US$1 billion monthly target set by Central Bank of Nigeria (CBN) Governor Olayemi Cardoso.

IMTO inflows reached US$3.8 billion in the first seven months of 2026 — 50.2% higher than the same period in 2025, pointing to a significant strengthening in flows through formal channels.
The increase follows a series of reforms by the CBN aimed at making formal remittance channels more competitive, transparent and accessible. These include a move to a more market-determined exchange rate, reforms to the regulatory framework for IMTOs, and the introduction of the Non-Resident Bank Verification Number (NRBVN), alongside closer engagement with IMTOs, banks, and Nigerian diaspora communities. More recently, the CBN has strengthened requirements for remittance transactions to be routed through designated settlement accounts with authorised dealer banks.
The significance extends beyond the headline figure. Increasing diaspora flows through formal channels boosts foreign-exchange liquidity and transparency, supports households and investment, and strengthens Nigeria’s external financing position.

“When we set a clear ambition to reach US$1 billion a month in remittance inflows through formal channels nearly two years ago, some people thought we were dreaming. At US$947 million in July, we are now approaching that milestone,” Governor Cardoso said.
While individual monthly figures will naturally vary, the CBN’s focus is on the broader trajectory and on sustaining the shift towards formal channels. The significant increase in inflows recorded so far in 2026 points to the growing impact of reforms designed to make formal remittance channels more competitive, accessible and transparent.

The CBN is building on this momentum by deepening engagement with Nigerian diaspora communities and financial-sector partners across key remittance corridors. As part of its wider international engagements, the Bank will continue to use opportunities in major global financial centres to engage diaspora communities, IMTOs, banks and other stakeholders to reduce friction, widen access and bring a greater share of remittance flows into formal channels.

Governor Cardoso added: “July is an important marker, but our focus is not on a single month. It is on creating the conditions for sustained growth in formal remittances. We expect to keep seeing improvement and believe Nigeria can reach and ultimately sustain monthly inflows above US$1 billion.”

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