The Joint Admissions and Matriculation Board has announced that candidates scheduled for the 2026 Mop-Up Unified Tertiary Matriculation Examination can now print their examination notification slips ahead of the exercise.

The mop-up examination is scheduled to be held on Saturday, June 13, 2026.

The announcement was contained in a statement issued on Sunday by JAMB’s spokesperson, Fabian Benjamin.

The statement said the notification slip contains essential details required for the examination.

“The notification slip contains vital information, including the candidate’s examination centre, date, time, and other important instructions necessary for a seamless examination exercise,” the statement said.

JAMB explained that the mop-up exercise was arranged for candidates who were unable to sit for the earlier UTME due to technical challenges, as well as those whose biometric verification could not be completed during the main examination.

“Eligible candidates are advised to visit the Board’s website and click on ‘Print 2026 Mop-Up UTME Slip’ to access and print their slips.

“Candidates are strongly advised to print their slips well ahead of the examination date and familiarise themselves with their examination centres to avoid last-minute difficulties,” the statement added.

JAMB also stressed that the mop-up examination represents the final opportunity for eligible candidates to participate in the 2026 UTME, adding that no further examination would be conducted after the exercise.

Candidates were therefore advised to take advantage of the opportunity and make adequate preparations.

By Tony Obiechina, Abuja

The Central Bank of Nigeria (CBN) has released revised foreign exchange (FX) guidelines, introducing new rules on the movement of foreign currency into and out of the country.

Under the updated framework, travelers may take up to $50,000 in cash or its equivalent in other foreign currencies out of Nigeria, provided the amount is declared at the point of departure.

The apex bank also maintained the existing threshold that permits individuals to carry up to $10,000 without making any declaration.

According to the guidelines, foreign currency not exceeding $10,000 may be exported freely in cash or other credit instruments.

Amounts above $10,000 but not exceeding $50,000 must be declared before departure. Any sum exceeding $50,000 will require proof that the funds were obtained through an authorised dealer.

The CBN further clarified that individuals entering Nigeria can bring in up to $10,000 or its equivalent without declaration. However, any amount above that limit must be declared upon arrival.

The new rules also allow authorised dealer banks to import foreign currency to meet domestic cash demand, subject to prior approval from the CBN.

Regarding inbound foreign exchange transfers, the guidelines state that beneficiaries in Nigeria will receive funds through their bank accounts in naira or any other currency approved by the CBN from time to time.

For international money transfer operations, cash withdrawals will be capped at the naira equivalent of $200. Any amount above that threshold must be paid directly into a bank account.

In addition, all International Money Transfer Operators (IMTOs) are required to maintain naira settlement accounts with authorised dealer banks and ensure that all transactions pass through these designated accounts.

The guidelines also permit authorised dealers and buyers to purchase foreign currency from visitors to Nigeria. Travelers leaving the country may convert any unused naira back into foreign currency, provided they can show evidence of the initial currency exchange. Such reconversion is limited to the amount originally exchanged through authorised channels.

By Tony Obiechina, Abuja

Nigeria’s drive to strengthen its petroleum industry received a boost as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Nuclear Regulatory Authority (NNRA) agreed to harmonise regulatory processes aimed at reducing operational costs, improving safety standards and enhancing investor confidence in the upstream oil and gas sector.

The agreement emerged from a meeting in Abuja between NUPRC Chief Executive, Oritsemeyiwa Eyesan, and NNRA Director-General, Yau Idris, where both agencies resolved to eliminate overlapping regulatory requirements and establish a more efficient compliance framework for industry operators.

Eyesan said excessive and duplicative regulations often increase operational expenses through multiple fees, charges and reporting obligations, ultimately undermining the competitiveness of Nigeria’s oil and gas industry. She noted that closer collaboration between the two agencies would help close regulatory gaps, improve efficiency and safeguard investments.

Under the proposed framework, the NUPRC and NNRA will adopt a single-window approach that allows both regulators to share information, reducing the need for operators to submit the same data to different agencies. The partnership will also strengthen oversight of radiological safety in oil and gas operations, including the management of Naturally Occurring Radioactive Materials (NORM) generated during exploration and production activities.

The collaboration comes as the Federal Government intensifies efforts to boost petroleum sector investment and increase production following the implementation of the Petroleum Industry Act. Although official data showed foreign capital inflows into the oil and gas sector rose by 283.3 per cent year-on-year to $0.46 million in the first quarter of 2026, the industry continued to attract only a marginal share of the $10.37 billion total capital imported into the Nigerian economy during the period.

Meanwhile, the global oil market received fresh signals from OPEC+ after key producing countries agreed to increase production quotas by 188,000 barrels per day for July. The decision was reached during a virtual meeting involving Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman.

The producer group said the increase was intended to support market stability while allowing participating countries to accelerate compensation for previous production adjustments. However, analysts suggested the additional supply would have limited immediate impact on oil prices amid continuing concerns over disruptions linked to the Middle East conflict and restrictions affecting movement through the Strait of Hormuz.

Energy analyst Jorge Leon of Rystad Energy described the latest quota increase as largely symbolic, arguing that the market remains more concerned about the availability of physical barrels than production targets. He warned that once tensions ease and shipping routes normalise, the market could quickly shift from fears of supply shortages to concerns about oversupply, particularly if returning OPEC+ output coincides with increased US shale production and weakening global demand.

The twin developments underscore efforts by both regulators and producers to balance efficiency, safety and supply stability at a time when Nigeria seeks to attract greater investment into its petroleum industry while global oil markets remain vulnerable to geopolitical uncertainties.