Jumoke Salako

Africa Trade Finance Gap Nears $87bn - AfDB

Africa Trade Finance Gap Nears $87bn – AfDB

The African Development Bank has warned that the continent’s trade finance deficit could reach an unprecedented $86.6 billion next year. Bank executives released the sobering projections during an international financial forum, highlighting a widening chasm that threatens regional economic integration. The expanding shortfall stems from global banking institutions aggressively scaling back their operations across emerging…

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Rising Operating Costs Push NRC Toward Fare Hike

FG Cuts Train Fares by 50% for Eid-el-Kabir

The federal government approved a 50 per cent reduction in fares across all passenger train services for the Eid-el-Kabir celebrations. The Federal Ministry of Transportation announced the policy directive in an official statement released by its permanent secretary on Tuesday. This temporary pricing intervention aims to lower intercity travel costs for citizens during a period…

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Tinubu’s Ex-Ministers Lose Party Tickets in Primary Defeats

Tinubu’s Ex-Ministers Lose Party Tickets in Primary Defeats

The high-stakes political gamble by former ministers who resigned from the Federal Executive Council to pursue elective offices has largely backfired during the All Progressives Congress (APC) primary elections. Five cabinet members stepped down from their federal positions in compliance with the Electoral Act 2026, which mandates political appointees to resign before seeking elective posts…

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Court Remands Activist Omoyele Sowore in Kuje

Sowore Enters 2027 Presidential Race Vowing Systemic Reform

Activist and politician Omoyele Sowore has formally declared his intention to contest the 2027 presidential election. Announcing his bid early on Saturday, the former publisher stated that his decision stems from an urgent need to completely dismantle and rebuild Nigeria’s political and economic structures. Sowore, who ran previous presidential campaigns under the banner of the…

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Lekki, Lagos Island Lead State Crime Charts

Lekki, Lagos Island Lead State Crime Charts

Lagos State courts handled 35,461 criminal cases over the last three years, driven heavily by affluent coastal neighbourhoods. The Lagos Criminal Information System reveals that Lagos Island and the Lekki-Ajah corridor generated more than 27 per cent of these offences. Lekki-Ajah alone accounted for over 16 per cent of the total courtroom entries. Property crime…

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Naira Holds Steady at N1,380 Against Dollar

Remittance Inflows Flatten at $21.8bn as Transfer Cost Rises

Diaspora remittances into Nigeria flattened at 21.8 billion dollars last year as global economic headwinds slowed the growth of offshore funding. Data from the Central Bank of Nigeria’s latest quarterly statistical bulletin reveals a negligible drop from the 21.811 billion dollars recorded the previous year. This stagnation follows a period of rapid expansion, during which…

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