The National Sports Commission (NSC) has intensified efforts to position sports as a major driver of economic development following the conclusion of a two-day strategic engagement with an international consortium of investors, business development promoters, and technical partners on the proposed development of a motorsports district in Abuja. The initiative, which is still at the …
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, has said that more than 80 per cent of financial crimes in Nigeria are perpetrated through procurement fraud and the use of registered companies. Olukoyede hinted at this while receiving the Board of the Corporate Affairs Commission (CAC), led by its Chairman, …
Dangote Refinery has further cut its ex-depot price of Premium Motor Spirit (petrol) from ₦1,175 to ₦1,125 per litre, reflecting a ₦50 reduction. This was confirmed in a notice sent by the refinery to its customers, where it indicated that the gantry loading price has been reduced from ₦1,175 per litre to ₦1,125 per …
One person has been confirmed dead while 10 persons were rescued after a three-storey building collapsed in Satellite Town, Lagos State on Thursday morning. The incident, which happened at Old Ojo Road, near Alakija Bus Stop, off the Lagos-Badagry Expressway, around 12 noon caused chaos among residents, who panicked and fled for safety. In …
The decision by the Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) to require regulatory approval for significant changes in telecom company ownership raises concerns about whether the measure will strengthen market transparency or create fresh hurdles for investors. Under the new framework announced on June 21, any transfer of shares amounting to …
Nigeria’s latest inflation data for May 2026 present a complex and politically sensitive economic picture. The headline inflation is rising, monthly price pressure is slowing, food costs remain structurally high, and regional disparities are widening in ways that are quietly reshaping household survival patterns across the country. According to the Consumer Price Index (CPI) released …
The Nigeria Customs Service (NCS), Cross River/Calabar Free Trade Zone/Akwa Ibom Area Command, has intercepted prohibited goods with a Duty Paid Value (DPV) of N273.7 million in a major crackdown on smuggling activities within its area of responsibility. The seizures, which include imported vegetable oil, used tyres, second-hand clothing and Premium Motor Spirit (PMS), were …
The Senate on Wednesday inaugurated four newly elected lawmakers who emerged victorious in the by-elections conducted by the Independent National Electoral Commission (INEC) last Saturday. The new senators are Dayo Faduyile, representing Ondo South Senatorial District, and Ikeje Asogwa, representing Enugu North Senatorial District, both elected on the platform of the ruling All Progressives Congress …
The Legal Practitioners’ Privileges Committee (LPPC) has suspended the Senior Advocate of Nigeria (SAN) rank of prominent lawyer, Mike Ozekhome, pending the conclusion of disciplinary proceedings against him. The suspension was announced in a statement on Wednesday by the committee’s secretary, who doubles as the Chief Registrar of the Supreme Court, Kabir Akanbi, following the …
The Nigerian Senate on Wednesday passed a bill to allow the establishment of state police in the country. The red chamber approved the bill after considering the report of its Committee on the Review of the Constitution, presented by Deputy Senate President Barau Jibrin, who is also the committee chairman. This comes 24 hours after …
