By Seun Ibiyemi Nigeria’s headline inflation rate eased marginally to 15.39 per cent in August 2026 from 15.43 per cent in July, as food price pressures moderated during the month. The National Bureau of Statistics (NBS) disclosed this in its Consumer Price Index (CPI) report for August 2026 released on Tuesday. The latest inflation rate…
By David Oluwatosin Nigeria’s merchandise trade surplus widened to ₦12.6 trillion in the second quarter of 2026, driven by a sharp increase in exports and slower growth in imports, according to data from the National Bureau of Statistics (NBS). The surplus rose 67 per cent quarter-on-quarter and 101 per cent year-on-year, extending Nigeria’s run of…
By David Oluwatosin FCMB Group Chief Executive Officer, Ladi Balogun, has described the Dangote Petroleum Refinery and Petrochemicals FZE initial public offering (IPO) as a rare opportunity for ordinary Nigerians to participate in the ownership of a large-scale industrial business. Balogun said the offering, which provides 4.1 billion ordinary shares at ₦525 per share, with…
By Seun Ibiyemi The Federal Government has commenced the national expansion of its National Poverty Reduction with Growth Strategy (NPRGS), targeting 1,200 Nigerian youths with practical and market-oriented skills across the country. The initiative, being implemented through the Office of the Senior Special Assistant to the President on Technical, Vocational and Entrepreneurship Education (OSSAP-TVEE), is…
By Seun Ibiyemi The Minister of Power, Joseph Olasunkanmi Tegbe, has called for the intervention of the Economic and Financial Crimes Commission (EFCC) to tackle vandalism and energy theft in Nigeria’s power sector, which he said are costing the country billions of naira annually. Tegbe made the call on Tuesday, September 15, 2026, when he…
By Seun Ibiyemi The Lagos State Government has announced plans to intensify enforcement along the Apapa and Lekki port corridors following an assessment that identified gaps in the existing traffic management strategy. The decision was reached at a strategy meeting chaired by the Special Adviser to the Governor on Transportation, Sola Giwa, at the Ministry…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to strengthening indigenous capacity in the maritime sector, insisting that Nigerian-flagged vessels should receive priority under the Cabotage regime. NIMASA Director-General, Dr Dayo Mobereola, stated this on Tuesday, September 15, 2026, during a tour of the African Pioneer Lagos, an…
By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has announced a seven-hour power interruption across several communities in Kogi and Edo states as it carries out annual preventive maintenance at its Ajaokuta Transmission Substation. In a notice issued on Monday, TCN said the maintenance is scheduled for Tuesday, September 15, 2026, from 9am to…
The net worth of Africa’s richest man, Aliko Dangote, has risen to $51 billion following the commencement of Dangote Refinery’s Initial Public Offering (IPO) on the Nigerian Exchange Limited (NGX). According to Forbes data released on Monday, the revaluation has moved the President of Dangote Group to the 36th position among the world’s richest people….
The Trade Union Congress (TUC) has suspended the industrial action it directed its affiliates to commence at Federal Unity Colleges over the proposed concession of King’s College, Lagos, following an agreement with the Federal Government to review concerns raised by the unions. The TUC General Secretary, Nuhu Toro, announced the suspension on Monday after a…
