MCDONALD’S LAUNCHES WORLD CUP MEAL AND COLLECTIBLE CUPS AHEAD OF 2026 FIFA TOURNAMENT KICKOFF. (PHOTO).

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McDonald’s launches World Cup meal and collectible cups ahead of 2026 FIFA tournament kickoff McDonald’s is launching limited-time World Cup meals and collectibles ahead of the FIFA tournament kickoff on June 11, as excitement builds for the expanded 48-team competition co-hosted by the United States, Mexico and Canada. The fast-food chain, returning as an official tournament sponsor, will roll out its World Cup-themed menu nationwide starting June 4. Customers can choose between a Big Mac or a 10-piece Chicken McNuggets meal, both served with a special gold-packaged Big Mac Sauce. As part of the promotion, McDonald’s is also releasing collectible cups featuring nine global soccer stars and cultural icons. The lineup includes Christian Pulisic, David Beckham, Ronaldinho, Thierry Henry, Son Heung-Min, Lamine Yamal, Alphonso Davies, Santiago Gimenez, and the brand’s mascot Grimace. The company said the campaign is designed to celebrate global fan culture and the shared excitement around ...
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CBN DENIES DISBURSING $1.25BN TO OIL FIRMS FOR IMPORTATION OF PETROL. (PHOTO).

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 CBN denies disbursing $1.25bn to oil firms for importation of petrol


The Central Bank of Nigeria (CBN) has denied disbursing $1.25 billion to major oil sector operators for the importation of refined petroleum products and related items.

On Monday, reports circulated that CBN disbursed $1.25 billion for oil and gas imports in the first quarter (Q1) of 2025.

In a statement on Tuesday, CBN described the reports as “entirely inaccurate and misleading”.

The apex bank explained that the figure of $1.25 billion, cited in its Q1 2025 Sectoral Utilisation of Foreign Exchange report, does not represent direct disbursements from the CBN.

According to the apex bank, the figure reflects the total value of foreign exchange (FX) transactions conducted by participants in the Nigerian Foreign Exchange Market (NFEM) under the willing buyer, willing seller framework.

Hakama Sidi-Ali, CBN’s spokesperson, clarified that the bank no longer allocates foreign exchange since the unification of exchange rates in 2023.

“Since the unification of exchange rates in 2023, the NFEM has operated as a market-driven system, where foreign exchange is sourced and supplied by market participants, not allocated by the CBN,” she said.

“Accordingly, the Bank has not sold foreign exchange specifically for the importation of refined petroleum nor any other products.”

She further explained that the data cited in the report represents aggregate utilisation by authorised dealers and end-users who sourced foreign exchange independently through the market in compliance with existing regulations.

Sidi-Ali emphasised that the transactions were legitimate market activities, not direct CBN interventions in the oil sector.

The spokesperson assured that the CBN remains committed to maintaining a transparent and market-based foreign exchange system that supports efficient price discovery, economic stability, and confidence in Nigeria’s financial system.

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