They also pointed to a stubborn mix of structural and economic headwinds that continue to keep vehicle prices elevated.

For regulators, fintech integration may also solve one of the industry’s oldest headaches: transparency. Real-time transaction monitoring, automated reporting systems

Echono gave the assurance on Thursday in Abuja while receiving the Inspector-General of Police, IGP Tunji Disu, and a high-powered delegation from the Nigeria Police Force at the headquarters of TETFund.

By Yinka Kolawole The Financial Market Dealers Association (FMDA) has projected Nigeria’s headline inflation rate to rise to 16.42 per cent year-on-year in April 2026, reversing months of steady moderation as rising food prices, higher energy costs and worsening global commodity conditions continue to pressure domestic prices. According to the April 2026 Inflation Forecast report released […]

By Obas Esiedesa The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised concerns over rising illicit financial flows in Nigeria’s solid minerals sector, warning that weak regulation, illegal mining and opaque ownership structures are undermining the industry’s contribution to the economy. In a policy brief released on Thursday in Abuja titled, “Stemming the Scourge of Illicit […]

•Middle East crisis boosts demand, prices •Meet beneficiaries of subsidy regime •Plans expansion plans across Africa •We sell stakes to attract investors •We are not overstretching financially •Civil unrest, policy inconsistency, other risks By Udeme Akpan, Energy Editor Africa’s richest man and President of the Dangote Group, Aliko Dangote, has alleged that some influential fuel importers fought […]

In a significant step toward strengthening maternal health advocacy across Nigeria, Martha Agba has been appointed as the National Coordinator of the RenewHER flagship initiative, Saving Our Mothers (SOM). The initiative, a presidential-backed program under RenewHER, under the office of the senior special assistant to the president on Women Health, is designed to tackle maternal […]

The Nigerian naira recorded a mixed performance against the United States dollar on Friday, May 15, 2026, across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as traders monitored forex liquidity and demand pressures.

By Mathew Johnson The Tincan Island Port Command of the Nigeria Customs Service (NCS) has handed over a major seizure of illicit substances valued at N16. 7 billion to the National Drug Law Enforcement Agency (NDLEA), following a successful joint intelligence-led operation. Speaking during the handover ceremony at the Command, the Customs Area Controller, Tincan Island […]

By Yinka Kolawole, with agency report The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, are planning to continue a gradual increase in oil production quotas with a target of fully restoring a 1.65 million barrels-per-day output cut introduced in 2023 by September this year. According to a Bloomberg report yesterday, the alliance […]

“The syndicate reportedly created fake online identities and dating profiles to establish fraudulent emotional relationships with victims before manipulating them into sending large sums of money under false pretences and fabricated emergencies.

By Mariam Eko The Transmission Company of Nigeria, TCN, said it recorded about 276 vandalized infrastructure from 2022 to 2025 nationwide. Speaking at the public sensitization on the ills of vandalism of TCN infrastructure held at Itori, Ewekoro, Local government area, Ogun State, the General Manager, TCN, Lagos region, Engr. Adeshina Adeonipekun noted: “I can recall […]

By Yinka Kolawole The National Pension Commission (PenCom) has granted Pension Fund Administrators (PFAs) a special regulatory waiver to invest pension assets in the forthcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE. The approval, contained in a circular dated May 13, 2026, temporarily suspends some of the strict investment requirements that ordinarily […]

TechCabal is announcing Grey, the US-based global cross-border payments company serving nearly three million users across 70 countries, as the headline sponsor of Moonshot 2026

Cross River State governor, Senator Bassey Otu, Thursday, announced the resumption of bursary payments to Cross River students in tertiary institutions, alongside the introduction of special grants for medical students, in what he described as part of his administration’s renewed commitment to education, human capital development and the future of the state. The governor made […]