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Salihu Dangoje Elected New Kebbi Assembly Speaker

KEY POINTS • Salihu Maikasuwa-Dangoje has been elected Speaker of the Kebbi State House of Assembly. • His emergence followed the death of former Speaker Mohammed Usman-Zuru in Egypt. • Lawmakers unanimously backed his nomination during plenary in Birnin Kebbi. The Kebbi State House of Assembly has elected...
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Court Orders Sowore to Open Defence in Defamation Trial Over Tinubu Remarks

KEY POINTS • A Federal High Court in Abuja has directed Omoyele Sowore to begin his defence in a criminal defamation case. • The case involves allegations that Sowore called President Bola Tinubu a “criminal” in social media posts. • The trial will proceed on a day-to-day...

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Nigeria’s capital market moves to T+1 settlement cycle

Nigeria's capital market will switch to a T+1 settlement cycle on June 1, bringing the country in line with the US, Canada and India.
Business

Nigeria’s Economy Slows as GDP Growth Drops to 3.89% in Q1 2026 — NBS

KEY POINTS Nigeria’s economy grew by 3.89% in Q1 2026, according to the National...
Business

UBA opens innovation hub, business office at UNILAG

UBA has opened an innovation hub and business office at the University of Lagos, as chairman Tony Elumelu returned to his alma mater for the commissioning.
Business

Nigeria’s trade surplus jumps 220 percent to $480m

Nigeria's trade surplus jumped 220 percent to $480 million in January as oil exports hit a record, even as weaker cocoa prices dragged non-oil earnings.
Business

CBN Retains Interest Rate at 26.5%

KEY POINTS The Central Bank of Nigeria retained the benchmark interest rate at 26.5%...
Business

Dangote unveils multi-billion-dollar Olokola deep seaport on 10,000 hectares

Aliko Dangote's group has begun preliminary work on a 10,000-hectare deep seaport at Olokola, targeting exports, fertilizer shipments and Atlantic trade.
Business

AfDB approves $200m BoI facility to boost Nigeria’s industrial sector

AfDB approved a $200 million facility for Nigeria's Bank of Industry to boost SMEs, manufacturing and green industrialization, with women-led and youth businesses prioritized.
Business

Dangote lifts Ethiopia investment to $4billion, pledges African food security

Aliko Dangote raised his Ethiopia investment from $2.5 billion to over $4 billion, pledging that fertilizer plants will deliver food security across Africa.
Business

Nigeria’s Inflation Rate Climbs to 15.69% in April Despite Slower Food Price Growth

KEY POINTS Nigeria’s inflation rate rose slightly to 15.69% in April 2026 after the...
Business

Dangote details mafia fight against $20bn Lekki refinery

Aliko Dangote said a fuel-import 'mafia' tried to block his $20bn Lekki refinery as land, currency and infrastructure costs piled up.
Business

Forex shock will swallow tariff cut on car prices, stakeholders warn

Nigerian car prices will not drop despite FG's tariff cut from 70 to 40 percent because forex, logistics and port costs dominate vehicle landing prices.
Business

LPG price set to hit N1,500/kg as depot stocks dry up

Nigerian cooking gas could rise to N1,500 per kilogram from N1,300 as depot stocks thin and only Dangote Refinery, Ardova and Navgas have supplies.
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Politics

Salihu Dangoje Elected New Kebbi Assembly Speaker

KEY POINTS • Salihu Maikasuwa-Dangoje has been elected Speaker of the Kebbi State House of...
News

Court Orders Sowore to Open Defence in Defamation Trial Over Tinubu Remarks

KEY POINTS • A Federal High Court in Abuja has directed Omoyele Sowore to begin...
News

Reps Session Turns Rowdy Over Minority Leader Endorsement Dispute

KEY POINTS • House of Representatives proceedings became heated after Philip Agbese alleged his signature...
News

Police Arrest Man Behind Fake AI Voice of Tinubu

KEY POINTS Police have arrested Ifechukwu Dennis, accused of creating and circulating an AI-generated...