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 […]

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 […]

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 […]

By Patrick Chidubem Ecobank Group has announced a landmark USD3 billion trade finance commitment to accelerate intra-African global trade over the next three years. The announcement was made during the Africa-Forward Summit in Nairobi, within the framework of the bank’s active engagement in the Africa-France Impact Coalition (AFIC) led under the patronage of President Emmanuel […]

By Elizabeth Adegbesan The Debt Management Office, DMO, yesterday announced its listing of  the 18.95 percent  N47.36 billion Series III Sovereign Green Bond due June 2030 on the Nigerian Exchange Limited, NGX and FMDQ Securities Exchange Limited. DMO disclosed this in a statement noting that the Green Bond is an attestation to its  commitment to providing […]

•As CEOs prioritise growth, AI deals By Peter Egwuatu Geopolitical risks have moved to the centre of Chief Executive Officers’ (CEOs) priorities, with 56 per cent identifying it as the biggest business risk over the next 12 months, according to the latest EY-Parthenon CEO Outlook Survey. The survey, released yesterday, covered 1,200 CEOs across 21 countries […]

The Lagos State Government is set to host the third edition of its flagship investment forum, ‘Invest in Lagos 3.0’, with the target to attract both local and foreign direct investment worth N4trillion. The summit scheduled to hold from Monday, June 08 to Tuesday, June 09, 2026, at Eko Hotels and Suites, Victoria Island, Lagos, is […]

By Obas Esiedesa, Abuja The Director-General of the Securities and Exchange Commission, Emomotimi Agama, has said Nigeria’s capital market is positioning data, artificial intelligence and technology-driven regulation at the centre of investment decision-making to attract both domestic and foreign capital. A statement by the Commission yesterday quoted Agama who spoke at the FSDH Investor Conference 2026 […]

By Udeme Akpan The Organization of the Petroleum Exporting Countries, OPEC, has said that Nigeria’s oil output increased marginally to 1.489 million bpd in April 2026 from 1.383 million bpd in March 2026, based on data obtained through direct communication. This indicates that the country is still struggling with output deficiencies as the quantity fails short […]

By Rosemary Iwunze Mutual Benefits Assurance Plc has paid claims of N13.6 billion to policyholders across its General Insurance and Life Business portfolios in the first quarter of 2026. The company noted that the impressive payout underscores the company’s enduring commitment to prompt claims settlement, financial strength and the fulfillment of its core promise to […]

…Profit rises 48% to N16.1bn Access ARM Pensions has posted a sharp rise in revenue in its first full financial year following the merger between Access Pensions and ARM Pensions, underscoring the scale benefits and operational efficiencies already being unlocked from the combination. The pension fund administrator grew gross revenue by 50.4 percent to N42.4 […]