Business
NYSC Certificate To Bear Holder’s Photo, Soon
The National Youth Service Corps (NYSC) said it would begin to issue certificates of national service with the passport photographs of corps members as a feature from October 15.
The Director-General of NYSC, Brig.-Gen. Johnson Olawumi, said this Tuesday in Abuja at the unveiling of the newly improved certificate of national service.
Olawumi, who was represented by Alhaji Aliu Daura, NYSC’s Director of Certification, said that the new certificate was produced to end all forms of fraud perpetuated by users of the old certificate.
“In our concerted effort to make the operation of the NYSC conform with global best practices, the scheme engaged in the holistic “e-nysc solution” with effect from batch ‘C’ 2014, where prospective corps members register online before proceeding to the orientation camps.
“This resulted in the enhancement of issuance of NYSC certificates namely: Certificate of National Service, Certificate of Exemptions, and Letters of Exclusion.
“With effect from Batch ‘C’ 2014, all certificates of national service bear passport photographs of the corps member at the upper right hand corner of the certificate.
“This is to guarantee the security of our certificates from forgery and to block all chances of impersonation.
“Therefore, Batch ‘C’ 2014 corps members, who are due to pass-out on Thursday, 15 October 2015, will have their certificates embossed with their photograph.
“Employers are encouraged to forward any certificate purportedly issued by the scheme for verification of its authenticity or otherwise.
“Effort is being made by the scheme to also make the verification of all NYSC certificates to be automated for easy access by the general public.“
Olawumi said that asides the passport photograph the newly improved certificate also contained a back code with security numbers.
He also said that the still featured the information in the old certificates except for the security features and passport photograph.
He said that it was only the NYSC that could locate the code and security numbers on the certificate adding that the measure was adopted to further enhance the security of the certificate.
The director general said that previous certificates issued by the scheme was still valid and could be used by the owners.
Business
Private sector gets N2.2tr credit in 30 days — CBN
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
Business
Solar Power: Host Communities Trust, Partner PIND To Light Up Ikwerre Communities
Business
NDDC Intensifies Women Empowerment Initiative Across Niger Delta
