The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economy is facing rising risks from slowing growth, high debt, and increasing global uncertainty, calling on countries to take urgent and coordinated action. In the IMF’s latest Global Policy Agenda, Georgieva stated that the world is at a critical …
Nigeria’s inflation rate rose slightly to 15.38 per cent in March from 15.06 per cent recorded in February, as a sharp jump in prices within the month heightened concerns about the cost of living. The latest figures were released by the National Bureau of Statistics on Wednesday. Despite the uptick, inflation remains significantly lower than …
The daily consumption of Premium Motor Spirit (PMS), also known as petrol, has again dropped in Nigeria even as imports surge by 97 per cent in March. This is according to the latest report from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for March 2026. The NMDPRA Factsheet released on Tuesday shows that …
The Federal High Court in Kaduna has granted bail to former Kaduna State Governor, Nasir El-Rufai, in the sum of ₦200 million in a corruption case filed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). Justice Rilwanu Aikawa ruled on Tuesday that the former governor must provide two sureties before he can …
The Federal High Court in Abuja has fixed May 26 for the Department of State Services (DSS) to commence trial in the alleged terrorism case involving the immediate past Attorney-General of the Federation, Abubakar Malami (SAN), and his son, Abdulaziz. Justice Joyce Abdulmalik adjourned the matter on Tuesday, April 14, after the prosecution informed the …
The failure of the United States and Iran to secure a deal during their peace talks over the weekend in Islamabad, Pakistan, has reignited tensions in the Middle East and sent shockwaves through the global energy market, raising fears of a further fuel price surge in developing nations like Nigeria. The high-level talks in Islamabad, …
Residents of the Makoko waterfront in Lagos have rejected plans to relocate them from their ancestral homes, nearly three months after a mass demolition displaced thousands, insisting instead on being included in a United Nations-backed urban development project. This is according to a press statement signed by community leaders and representatives and sent to Pinnacle …
A war of words has broken out between Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, and Rauf Aregbesola, national secretary of the African Democratic Congress (ADC), over the administration’s “Renewed Hope” agenda. Aregbesola had, on Tuesday at the ADC national convention in Abuja, described the policy as a “scam”, arguing …
The National secretary of the African Democratic Congress (ADC), Rauf Aregbesola, has said the Independent National Electoral Commission (INEC) had no legal grounds to stay away from the party’s national convention. He made this known on Tuesday at the ADC convention held at Rainbow Event Centre. Before the convention, INEC and the faction led by …
The African Democratic Congress (ADC) has concluded its national convention in Abuja, with delegates approving changes to the party’s constitution and ratifying a new National Working Committee (NWC) led by former Senate President David Mark. Emeka Ihedioha, a former governor of Imo State and chairman of the electoral subcommittee, announced the results of the vote. …
