In its quest to close the widening housing gap in Nigeria, the Federal Government is partnering with Sinoma, a global building materials manufacturer, to fast-track the delivery of affordable housing. This development was disclosed in a press statement issued on Wednesday, April 15, by the Federal Ministry of Housing and Urban Development, following a high-level …
A 20-year-old student of the University of Lagos (UNILAG) on Wednesday recounted how he was allegedly raped by her lecturer, Samuel Obinna Ojogbo, in his office. The student gave her testimony before Justice Oyindamola Ogala of the Lagos State High Court sitting in Ikeja as the first prosecution witness in the ongoing trial. The Lagos …
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the final phase of winding down 89 defunct Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) across the country, following their acquisition by new operators under its resolution framework. The move comes after the Central Bank of Nigeria (CBN) revoked the licences of 179 microfinance banks and …
The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s progress in slowing inflation is under serious threat, as rising energy, food and transport costs begin to push prices up again, putting more pressure on households and businesses. In its reaction to the March 2026 inflation report released by the National Bureau …
The Media Career Development Network (MCDN), a non-profit organisation, has launched a career development programme aimed at enhancing the professional growth of journalists across Nigeria. The programme tagged “Media Career Check-up/Media Career Fix”, is an initiative supported by Nigeria LNG Limited. Speaking at the launch of the programme in Lagos on Thursday last week, Executive Director …
The National Secretary of the Peoples Democratic Party, Samuel Anyanwu, has taken his battle against his expulsion to the Court of Appeal, challenging the decision of the High Court of the Federal Capital Territory which dismissed his suit. Anyanwu filed a Notice of Appeal dated April 10, 2026, at the Abuja Division of the appellate …
The Nigeria Economic Summit Group (NESG) has called on the National Assembly to urgently amend key economic laws, including the Nigeria Tax Act 2015, the Petroleum Industry Act (PIA), and the Electricity Act 2023, as part of efforts to strengthen Nigeria’s business environment and attract investment. The call followed the presentation of a policy brief …
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 …
