Ayomide Kuku

Opposition Party Chieftains Clash Over APC's Muslim-Muslim Ticket

Opposition Party Chieftains Clash Over APC’s Muslim-Muslim Ticket

Political elites and socio-cultural groups have split over the decision of the All Progressives Congress to retain its Muslim-Muslim ticket for the 2027 presidential election. Critics call the arrangement a political trick, while supporters defend it as a realistic strategy. The dispute highlights the deep religious divisions that continue to shape the country’s political discussions…

Read Full News
Senate Gives NNPC Auditors One Week to Explain N210trn

Senate Probes Oil Firm Over $71.65m, N30.7bn NDDC Remittance 

The Nigerian Senate has launched an intensive investigation into Aiteo Exploration and Production Company Limited, now known as Nembe Exploration and Production Company Limited, over an alleged remittance default totaling 71.65 million dollars and 30.7 billion naira. The Upper Legislative Chamber handed the investigative mandate to its Committee on Niger Delta Affairs following a motion…

Read Full News
Energy Costs, Vanishing Jobs Crush Working Poor

Analysts Forecast 16% Year-End Inflation Rate

Domestic financial analysts have adjusted their economic models to project that Nigeria’s inflation rate will close the year 2026 at 16 percent. Investment banking firms and research houses simultaneously withdrew their earlier predictions for an imminent interest rate cut by monetary authorities. This collective analytical shift highlights the persistent nature of underlying inflationary pressures across…

Read Full News
PFIPC: Court Denies Adeniyi Adeyemi Bail

PFIPC: Police Detain Adeyemi’s Father in Fake Council Scandal

The Nigeria Police have arrested the father of Prince Adeniyi Adeyemi, the individual central to a N1.3 billion fake presidential agency scandal. Law enforcement officers detained the elderly man during a morning raid on the family residence in Ogbomoso. Human rights lawyer Femi Falana confirmed the detention and quickly condemned the action as an unlawful…

Read Full News
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…

Read Full News
Telecoms Investment Hits $75bn as Data Consumption Surges

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…

Read Full News
Naira Trades Near N1,328 as Dollar Gap Persists

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…

Read Full News