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Nigeria’s primary consumer and food regulators signed a pact on Wednesday to end the jurisdictional friction that allows rogue traders to thrive. Tunji Bello of the Federal Competition and Consumer Protection Commission (FCCPC) and Mojisola Adeyeye of the National Agency for Food and Drug Administration and Control (NAFDAC) formalised this tie-up in Abuja. The deal…
Oil prices fell on Wednesday as Donald Trump signaled a possible deal with Iran. Brent crude dropped 1.7% to $108 a barrel, while American crude fell to $100.60. This shift reversed a week of gains caused by fighting in the Middle East. Markets moved after the White House paused “Project Freedom,” a military plan to…
Nigeria has emerged as the sixth most competitive outsourcing destination in the world. A new report by Ataraxis Management finds that the country now beats India and Pakistan on labour cost efficiency. Global firms can save up to 80% on wages by hiring Nigerian talent for roles that usually require expensive degrees. This shift signals…
The Central Bank of Nigeria has finally begun to coax cash back into the vaults. Fresh data show that currency outside banks (COB) fell for the second month straight, hitting N5.19 trillion in February 2026. This dip follows a long, stubborn climb where Nigerians seemed to prefer under-mattress storage to savings accounts. Bankers will view…
Sir Alex Ferguson left Old Trafford for a hospital on Sunday afternoon after falling ill before Manchester United’s match against Liverpool. The 84-year-old reportedly felt unwell more than an hour before the game started. Paramedics moved the former manager into medical care as a precautionary measure. Doctors expect he will return home to recover shortly….
Nigeria is finally moving beyond the pit-to-port model of mineral extraction. Dele Alake, the Minister of Solid Minerals Development, says reforms are turning the sector from a chaotic, informal trade into a structured industry. These changes helped generate ₦68.1 billion in revenue during 2025 alone. The government now mandates that mining leases must include plans…
The Nigerian Exchange added more than N10 trillion to its market value this week as investors chased industrial and consumer stocks. Total market capitalisation climbed to N155.994 trillion despite the trading floor closing on Wednesday for the Workers’ Day holiday. The All-Share Index rose by 7.33 per cent to close at 242,277.81 points. This surge…
The United States is assembling a global maritime coalition to break Iran’s grip on the Strait of Hormuz. Diplomats in Washington have issued an internal directive to embassies worldwide, urging foreign governments to join the “Maritime Freedom Construct.” This American-led bloc aims to restore commercial traffic through a waterway that handles 20% of the world’s…
FIFA has increased its total financial distribution for the 2026 World Cup to $871 million, a substantial rise from the previously announced $727 million. This injection responds to mounting pressure from member associations concerned about the prohibitive costs of travel, taxation, and logistics for the expanded 48-team tournament. Each qualified team will now receive $2.5…
The Nigeria Police Force has dismantled a significant railway vandalism ring, recovering stolen infrastructure valued at over N400 million. Operatives from the Force Intelligence Department Special Tactical Squad (FID-STS) arrested two suspects, Chisom Goodnews and Ahmed Adamu, on April 9 in Akwanga. The arrests followed a period of intense intelligence gathering. Police successfully intercepted a…
