Ayomide Kuku

Nigeria Leads African Economy but Lags Globally - IMD

Nigeria Leads African Economy but Lags Globally – IMD

Nigeria has retained its position as Africa’s largest economy while slipping further down international competitiveness rankings. The latest Global Competitiveness Report highlights a stark divergence between raw economic size and systemic productivity. The country outperformed continental rivals in gross domestic product, largely driven by resilient service sectors and a massive domestic market. However, severe infrastructural…

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Fibre Deficit Exposes Nigeria’s Fragile Broadband Boom

Fibre Deficit Exposes Nigeria’s Fragile Broadband Boom

Nigeria’s impressive mobile internet expansion is masking a severe deficit in fixed, high-capacity home connectivity. Fresh data reveals that only 265,000 households across the country possess active Fibre-to-the-Home subscriptions. This microscopic figure stands in stark contrast to the nation’s sprawling 154.72 million active mobile internet subscriptions. Executive Vice Chairman of the Nigerian Communications Commission, Aminu…

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Naira Hovers Near N1,380 Against The Dollar

Naira Holds Steady at N1,380 Against Dollar

The Nigerian naira opened the final trading week of June holding steady at N1,380.05 against the US dollar in the official foreign exchange market. Minor intra-day fluctuations settled quickly during early morning trading operations. This stability follows a sequence of aggressive liquidity interventions by monetary authorities throughout the month. Corporate buyers are matching their demands…

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Lagos Police Intercept Sacks Of Military Uniforms

Lagos Police Intercept Sacks Of Military Uniforms

The Lagos State Police Command has intercepted forty-seven sacks of military camouflage uniforms and eighty cartons of illicit drugs in a major intelligence-led operation. State Commissioner of Police Fatai Tijani disclosed the significant breakthrough during a press briefing at the command headquarters in Ikeja on Tuesday. Detectives from the Anti-Kidnapping Unit intercepted the illicit cargo…

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Regulator Issues Fresh Petrol Permits As Stocks Decline

Regulator Issues Fresh Petrol Permits As Stocks Decline

The federal government has issued fresh refined product import permits to independent marketers for the third quarter of 2026. The Nigerian Midstream and Downstream Petroleum Regulatory Authority approved the licenses to prevent potential domestic fuel shortages between July and September. The tactical intervention follows a noticeable decline in national fuel stock levels over the past…

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NADECO Rejects Abdulsalami's Claims On Abiola's Death

NADECO Rejects Abdulsalami’s Claims On Abiola’s Death

Prominent leaders of the National Democratic Coalition have fiercely rejected historical claims made by former Head of State, General Abdulsalami Abubakar. The pro-democracy veterans, Colonel Tony Nyiam and Chief Ayo Opadokun, dismissed assertions published in the general’s new autobiography, Call of Duty. Abdulsalami claimed that NADECO figures privately lobbied him in 1998 to extend military…

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