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Electric vehicle sales across Southeast Asia have surged as cost-conscious buyers rush to dealerships to avoid fuel price spikes linked to the ongoing Middle East conflict, with Vietnamese manufacturer Vinfast and Chinese brands like BYD recording significant gains. Asian nations have been particularly hard hit due to a sharp fall in the crude shipments…
Amid a tense pre-convention standoff over the use of a private event centre in Abuja, the David Mark-led faction of the African Democratic Congress moved forward with its national convention on Tuesday, after days of scrambling for a venue and fresh accusations of political intimidation directed at the Federal Capital Territory administration. Senator Dino…
Former Kaduna State Governor Nasir El-Rufai appeared at the Kaduna State High Court on Tuesday for a bail application following a nine-count charge of fraud and abuse of office. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) alleges that El-Rufai presided over a series of financial infractions during his tenure, including a ghost…
The National Pension Commission (PenCom) has raised an alarm over a surge in recruitment fraud targeting job seekers. In a statement released on Tuesday, fraudsters are increasingly impersonating senior officials, including the Director-General, to lure victims via WhatsApp, email, and phone calls. These scammers often demand sensitive personal documents under the guise of a 48-hour…
The Nigeria Customs Service (NCS) has begun integrating Artificial Intelligence into its operations to curb revenue leakages and identify under-declared goods. Comptroller-General Adewale Adeniyi flagged off a capacity-building programme in Abuja on Monday, marking a shift toward data-driven enforcement. By deploying AI-enabled cameras and risk-assessment systems, the service aims to boost collections without increasing the…
The Edo State Police Command has arrested ten individuals for running a criminal network that used police uniforms to abduct and rob residents. The group included a serving Assistant Superintendent of Police, four junior officers, and a dismissed corporal. They targeted victims in Benin City, forcing them to withdraw cash at gunpoint. This internal rot…
The Nigerian Naira opened with a modest recovery on Tuesday morning, trading at N1,358.20 per Dollar in the official window. Early sessions at the Nigerian Foreign Exchange Market (NFEM) showed the currency oscillating within a tight band between N1,357.31 and N1,358.63. This stability follows recent central bank interventions designed to smooth out mid-month liquidity volatility….
Africa remains a footnote in the global capital market, trapped in a narrow corridor of four to six per cent of global Foreign Direct Investment (FDI). A March 2026 report by the Pan-African Manufacturers Association (PAMA) reveals a continent struggling to move beyond the periphery of global manufacturing. While global FDI rose by 14 per…
The Federal Government will use this week’s IMF and World Bank Spring Meetings in Washington, DC, to lobby for lower borrowing costs and fairer global financial terms. This diplomatic push comes as the escalating US–Israel–Iran conflict disrupts energy markets and tightens capital flows to emerging economies. Finance Minister Wale Edun aims to convince global lenders…
Former Petroleum Minister Diezani Alison-Madueke has told a London court she never accepted bribes or abused her office during her tenure. Appearing at Southwark Crown Court on Monday, the 65-year-old rejected prosecution claims that she traded government contracts for millions of pounds in luxury perks. Addressing the jury, she portrayed herself as a reformer who…
