The Alliance for Economic Research and Ethics has called on President Bola Tinubu to withhold assent to the recently passed Factoring, Assignments and Receivables Financing Bill, 2026. In a statement on Thursday, June 11, the group warned that the legislation could create regulatory confusion, increase compliance costs and complicate financing arrangements already covered by existing laws. …
When Nigeria returned to democratic rule in 1999, ushering in the Fourth Republic, the average citizen earned far less than today but could afford much more with those earnings. At the time, the gross domestic product (GDP) per capita was estimated at $450, the naira exchanged at around ₦92 to the dollar, petrol sold for …
The Nigerian Senate has directed security agencies to identify, track and arrest bandits and terrorists who openly display their criminal activities and proceeds on social media platforms, particularly TikTok. The resolution followed deliberations on a motion sponsored by Senator Sunday Karimi, representing Kogi West, on the recurring attacks by bandits and terrorists in Kogi West …
After pleading guilty to terrorism-related offences, a Federal High Court in Abuja has sentenced five men linked to the 2025 abduction of more than 300 students from a Catholic school in Niger State to 25 Years in prison. The convicts, identified as Yusuf Mohammed alias Bature, Goni Ibrahim Bindi alias Goni Mutuwa, Sani Tukur alias …
Nigeria continued its upward trajectory in crude oil production in May 2026, exceeding the quota assigned by the Organisation of Petroleum Exporting Countries (OPEC) for the first time in 11 months. According to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country’s crude oil production averaged 1,530,354 (1.53 million) barrels per day. …
Twenty-six years after Nigeria returned to democratic rule, the country’s manufacturing sector remains trapped in low growth, with its contribution to Gross Domestic Product (GDP) largely stagnating at between 9 and 10 per cent. The Centre for the Promotion of Private Enterprise (CPPE) raised the concern in a statement issued on Thursday by its Chief …
A Federal High Court in Lagos has convicted 11 Indian sailors and their merchant vessel, MV Aruna Hulya, over the importation of 31.5 kilograms of cocaine into Nigeria through the Apapa Seaport, imposing fines and restitution amounting to more than $6 million. The conviction comes barely six months after operatives of the National Drug Law …
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Musa Adamu Aliyu, has called for wildlife trafficking to be treated as a form of organised financial crime, arguing that corruption remains the main force enabling the illegal trade to thrive. Aliyu made the call while speaking at the 35th Session of …
As Nigerians mark the 33rd anniversary of the June 12, 1993 election and 27 years of uninterrupted civilian rule, Corporate Accountability and Public Participation Africa (CAPPA) has warned that worsening insecurity poses a serious threat to Nigeria’s democracy, rule of law and the credibility of the 2027 general elections. In a statement issued on Thursday …
Nigerians still trapped in South Africa in the ongoing xenophobic attacks have been advised to remain law-abiding, vigilant, and to report any threats against them to the Nigerian Mission. Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, gave the advice in his address while welcoming the first batch of 258 Nigerians that arrived from …
