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Nigeria’s headline inflation slowed to 15.43 percent in July, extending a steady disinflationary run into its third month. Fresh data from the National Bureau of Statistics shows a 0.48 percentage point drop from the 15.91 percent recorded in June. The sharp deceleration beat private forecasts, which had placed the expected figure closer to 15.51 percent….
Nigeria will miss the FIFA Women’s World Cup for the first time in 36 years after losing 2-1 to South Africa in Casablanca. The Super Falcons surrendered their proud unbroken streak of attending every global final since the tournament began in China in 1991. Second-half strikes from Thembi Kgatlana and Refiloe Jane put Banyana Banyana…
United States President Donald Trump claimed American forces have established total control over the Strait of Hormuz. His declaration follows a sharp escalation in maritime enforcement across the Persian Gulf trade passage. US Central Command reported firing Hellfire missiles to disable a cargo vessel attempting to dock at an Iranian port in breach of the…
Former Vice-President Atiku Abubakar has warned that outdated software on electoral devices threatens future vote integrity across Nigeria. The former presidential candidate accused the Independent National Electoral Commission of failing to upgrade software on its Bimodal Voter Accreditation System hardware. He argues that running obsolete code on critical voting systems leaves the process open to…
Nigeria has turned the economic corner following months of tough fiscal reforms. Executive Chairman of the Nigeria Revenue Service, Zacch Adedeji, declared that the country has emerged from economic distress. Non-oil tax collections surged as new digital compliance systems caught evasive corporate taxpayers. Government coffers now reflect stronger domestic revenue streams across several critical sectors….
A massive petroleum fire tore through central Abuja late Thursday night, leaving three firefighters injured and scorching government infrastructure. An exploding fuel tanker packed with 45,000 litres of petrol sparked the blaze at an AYM Shafa station in Garki. First responders rushed to the scene around mid-evening as high flames threatened adjacent commercial districts. One…
The Nigerian Bar Association challenged the Economic and Financial Crimes Commission over its decision to freeze Osun State accounts. The outgoing Bar president, Afam Osigwe, warned that administrative agencies lack constitutional powers to block state bank withdrawals without court orders. The anti-graft agency instructed First Bank to place a post-no-debit order on the state government…
NAICOM issued fresh operating licences to 43 recapitalised insurance companies. Regulators purged fragile operators to rebuild public trust across the financial sector. Stronger balance sheets allow local underwriters to retain large commercial risks domestically. Capital requirements now shield policyholders against defaults. Higher capital standards signal a firm regulatory shift. Weak operators no longer hold valid…
Local capital now dictates the rhythm of the Nigerian Exchange. Nigerian investors traded equities worth N17.7tn over eighteen months, seizing firm control of local trading floors. Domestic buyers accounted for N82 of every N100 traded between January 2025 and June 2026. Total equity trading reached N21.5tn during this period. Foreign traders managed only N3.8tn…
Nigerian sovereign Eurobonds extended their market recovery as international investors returned to dollar debt across emerging markets. Average yields fell to 6.95 per cent as buying interest across short and medium tenors lifted bond prices. Global markets are warming to Nigerian risk despite persistent economic uncertainties at home. Higher prices signal that global fund managers…
