Nigeria’s inflation rate showed a welcome deceleration in May 2025, easing to 22.97% year-on-year, marking the second consecutive month of relief for the country’s strained consumers. The National Bureau of Statistics (NBS) revealed this in its latest inflation report, released Monday, noting that the inflation rate fell by 0.74 percentage points from April’s 23.71%. On…
In a deeply tragic accident, a 10-year-old boy in Nigeria’s Anambra State has unintentionally shot and killed his father, a serving police inspector, with a service-issued rifle. The Anambra State Police Command reported that the incident took place at the officer’s home in Awka on the evening of Saturday, 15 June 2025. Police spokesperson SP…
Nigeria’s consumer protection authority has issued a summons to Air Peace, the country’s largest domestic carrier, over widespread claims that it failed to reimburse customers for cancelled flights. In a statement released on Monday, the Federal Competition and Consumer Protection Commission (FCCPC) said the airline’s behaviour may be in breach of consumer protection laws. The…
Nigeria’s top oil workers’ union has urged the government to clamp down on petroleum marketers inflating pump prices, despite a global drop in crude oil prices, saying regulatory inaction is costing ordinary Nigerians dearly. At a world press conference in Abuja on Monday, Mr Festus Osifo, President of the Petroleum and Natural Gas Senior Staff…
Nigeria’s top military commander has vowed to take proactive action following the recent wave of killings in Benue State, pledging a complete review of security tactics and a determined pursuit of those behind the violence. General Christopher Musa, Chief of Defence Staff, made the promise during a visit to the Yelwata community, which has suffered…
Nigeria’s association of petroleum retailers has expressed grave concern over plans by Dangote Refinery to begin selling petrol and diesel directly to consumers, warning that the strategy could disrupt the fuel distribution ecosystem and lead to massive job losses. In a statement released on Monday, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN)…
A local government chairman in Nigeria has called on President Bola Tinubu’s administration to officially designate armed herders as terrorists, warning that the continued attacks on rural communities are fuelling food insecurity and deepening national instability. Dr Eric Odo, who heads the Igbo-Etiti Local Government Area in Enugu State, issued the call during a stakeholders’…
Nigeria’s economic indicators are showing signs of stabilisation as the country moves forward with a new sovereign green bond issue and ongoing reforms aimed at boosting investor confidence and sustainable development. Dr Patience Oniha, Director-General of the Debt Management Office (DMO), made the comments during an investor engagement session in Lagos on Monday ahead of…
Tensions between Israel and Iran reached a new peak on Monday after Israeli Prime Minister Benjamin Netanyahu warned Tehran residents to evacuate amid signs of potential military escalation. During a high-profile visit to an Israeli airbase, Netanyahu claimed that Israel was close to meeting its strategic goals, which include dismantling Iran’s nuclear ambitions and neutralising…
President Bola Tinubu has called on African countries to work collectively to unlock the continent’s economic potential, highlighting the role of sovereign wealth funds as instruments of transformation rather than mere fiscal reserves. The Nigerian leader’s remarks were delivered by Vice-President Kashim Shettima at the Africa Sovereign Investors Forum (ASIF), convened in Abuja and hosted…
