The Corporate Affairs Commission (CAC) has commenced the process of striking off 100,000 companies from Nigeria's corporate register over their failure to comply with statutory filing obligations. The exercise, announced in a public notice issued on Wednesday, is in line with Sections 692 (3) and (4) of the Companies and Allied Matters Act (CAMA), 2020, …
The Federal High Court in Abuja has ordered the permanent forfeiture of 48 properties linked to former Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), to the Federal Government. Delivering judgment on Wednesday, Justice Joyce Abdulmalik ruled that the Economic and Financial Crimes Commission (EFCC) had met the legal threshold of …
The Federation Account Allocation Committee (FAAC) has shared N2.55 trillion among the Federal Government, state governments and local government councils from June 2026 revenue. This marks the highest monthly allocation so far this year as stronger tax collections and oil-related revenues boosted the distributable pool. Details of the distribution were contained in a statement signed …
Corporate Accountability and Public Participation Africa (CAPPA) has commended the federal government's newly launched National Guidelines for Public Procurement of Food and Related Services. Similarly, it urged the federal, state, and local government institutions to fully implement the policy to improve nutrition and promote healthier food choices across public institutions. The guidelines, published in December …
Nigeria's headline inflation rate eased slightly to 15.91 per cent in June 2026, but food prices accelerated sharply during the month. This underscores the continued pressure on household budgets despite broader signs of easing price growth. In its latest Consumer Price Index (CPI) report released on Wednesday, June 15, the National Bureau of Statistics (NBS) …
The Nigerian government has concluded the evacuation of its citizens from South Africa, following a wave of anti-immigrant violence and threats against foreign nationals. An Air Peace aircraft carrying 308 Nigerian returnees arrived at the Murtala Muhammed International Airport, Lagos, on Wednesday morning. The flight, which departed Oliver Tambo International Airport, Johannesburg, at 6.30 am, …
The Independent National Electoral Commission (INEC) has said it will recognise only the candidates submitted by the Senator David Mark-led leadership of the African Democratic Congress (ADC), confirming that the faction has already uploaded candidates for 471 elective positions ahead of the 2027 general election. INEC National Commissioner, Mohammed Haruna, said the commission granted the …
The Alliance for Economic Research and Ethics has warned that Nigeria's growing number of ministries, departments, and agencies (MDAs) is hurting businesses, discouraging investment, and weakening the economy, calling for the urgent implementation of long-delayed public sector reforms. The group raised the concerns while reacting to a recent sealing of three soya milk factories in …
The All Progressives Grand Alliance (APGA) has explained why it has not submitted the name of a presidential candidate to the Independent National Electoral Commission (INEC) for the 2027 general election, saying the decision is tied to its endorsement of President Bola Tinubu for a second term. The National Publicity Secretary, Mazi Ejimofor Opara, said …
crude oil The Strait of Hormuz is a critical maritime route for the movement of vessels, with about 20 percent of the world's oil and gas supplies passing through it daily. Brent crude, the international benchmark, jumped 9 percent from $78.38 on Monday, July 13, to settle at $85.45 per barrel on Wednesday, July 15, …
