Food Crisis: Cost of healthy diet rises further — NBS Report
By Elizabeth Adegbesan Despite the moderation in inflation rate reported by the National Bureau of Statistics, NBS, the financial burden of feeding on Nigerian households may have intensified as the national average Cost of a Healthy Diet (CoHD) climbed to N1,541 per adult per in March 2026, about 4.4 per cent up from N1,477 in March […]
FMDA forecasts 16.42% April inflation rate amid fuel, food prices surge
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 […]
NEITI raises alarm over illicit financial flows in solid minerals sector
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 […]
How mafia fought to frustrate $20bn Dangote Petroleum Refinery—Aliko Dangote
•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 […]
Customs hands over illicit substances worth N16.7bn to NDLEA
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 […]
OPEC+ plans oil quota hikes to restore 1.65m bpd cuts
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 […]
