Latest News in Nigeria Today Monday 1st June 2026
These are the Latest News in Nigeria Today on Monday 1st June 2026 .
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target=_blank>Q1’26 GDP Report: Economy remains on gradual recovery path —CPPE
By Gabriel Ewepu THE Centre for the Promotion of Private Enterprises, CPPE, reacting to the Q1 2026 Gross Domestic Product, GDP, growth outcome report released by the National Bureau of Statistics, NBS, recording a year-on-year real GDP growth of 3.89%, said the economy remains on a gradual recovery path. In a statement signed by Chief Executive
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target=_blank>Empowering the Last Mile: How OPay Is Expanding Financial Access Across Nigeria
By Akintayo Eribake In a bustling community market in northern Nigeria, a trader receives payment for goods through a mobile transfer rather than cash. In a rural town in the South-West, a young Point-of-Sale (PoS) agent helps residents withdraw money, pay utility bills and transfer funds without the need to travel long distances to a
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target=_blank>US, Iran exchange fire as negotiations stall
The United States and Iran said Monday they had again traded strikes, straining an already fragile ceasefire as negotiations between the two sides have stalled.
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target=_blank>NSIB probes Bonny Anchorage vessel collision
By Efe Onodjae The Nigerian Safety Investigation Bureau, NSIB, has commenced investigation into the collision involving container vessel, MV Maersk Valparaiso, and oil tanker, MT Lady Martina, at Bonny Anchorage in Rivers State. The incident, which occurred on May 20, 2026, has been classified by the Bureau as a “Very Serious Marine Casualty.” In a statement issued
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target=_blank>Over 100 imported vegetable oil brands dominating local market despite ban — Ikoro
….Accuses Customs, NAFDAC, SON of enforcement failure By Cynthia Alo Despite the retention of vegetable oil on the Federal Government’s prohibition list under the 2026 fiscal policy measures, the National Chairman of the Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN), Okey Ikoro, said the local market is still dominated by more than 100 imported oil brands,
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target=_blank>NGX Group advocates stronger capital market integration into monetary policy framework
By Peter Egwuatu Group Managing Director/CEO, Nigerian Exchange Group (NGX Group), Temi Popoola, has urged the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to treat capital market development as a macroeconomic necessity, arguing that the effectiveness of monetary policy increasingly depends on the depth, liquidity, and coherence of Nigeria’s financial markets. Popoola made this
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target=_blank>FRSC commends Dangote Cement on new transport safety policy
By Yinka Kolawole The Federal Road Safety Corps (FRSC) has commended Dangote Cement Plc for delivering measurable and transformative improvements in road safety, noting a significant decline in articulated truck crashes across Nigeria following the introduction of innovative transport safety policies and operational reforms. The Corps described Dangote Cement as a benchmark for transport management and
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target=_blank>Insecurity: Fewer people have died under Tinubu than previous govts — APC Chieftain
According to him, assessments of the administration’s performance should be based on available statistics and comparative data rather than public sentiment.
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target=_blank>CBN extends PoS geo-fencing deadline to July 31
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has extended the deadline for enforcement of its Point of Sale (PoS) terminal geo-fencing framework to July 31, giving more room for compliance. This was disclosed in a circular issued by the CBN Director of the Payments System Supervision Department, Rakiya Yusur. The CBN
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target=_blank>Stock market sustains bullish run, recovers from previous week’s losses
By Peter Egwuatu The Nigerian stock market sustained its bullish momentum in May 2026 as investors gained over N4.514 trillion during the month. Meanwhile, Week-on-Week, WoW, the market, last week, also recovered from the losses it recorded previous week to post a N431 billion gain at close of trading last Friday. In the month of May,
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