Nigeria’s headline inflation rate declined to 15.43 per cent in July 2026, down from 15.91 per cent in June, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The July figure represents a 0.48 percentage-point decline from the previous month. The NBS also reported that headline inflation...
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The Speaker of the Edo State House of Assembly, Blessing Agbebaku, has resigned from his position amid moves by some lawmakers to impeach him. Agbebaku stepped down on Monday, with his resignation confirmed by his media aide, Ivy Adodo-Ebojele, in a post on Facebook. Adodo-Ebojele wrote: “EDO ASSEMBLY SPEAKER RT HON CHIEF BLESSING AGBEBAKU RESIGNS.”...
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The Federal Government has inaugurated an 11-member Technical Working Committee to develop a comprehensive framework for the full digitalisation of the Federal Civil Service. The committee was inaugurated by the Head of the Civil Service of the Federation (HCSF), Mrs Didi Esther Walson-Jack, and is expected to develop the framework, roadmap and governance structure for...
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The proposed $25 billion Nigeria-Morocco Gas Pipeline project is facing delays, with concerns over the pace of Nigeria’s involvement despite recent efforts to advance the initiative at the regional level. The project, now renamed the African-Atlantic Gas Pipeline (AAGP), is expected to cost between $25 billion and $27 billion and connect Nigeria’s gas resources to...
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The Nigerian Navy has destroyed three illegal refining sites and recovered approximately 85,000 liters of products suspected to be illegally refined Automotive Gas Oil (AGO) in Rivers State. The operation was carried out by personnel of Nigerian Navy Ship (NNS) PATHFINDER in the Egbema axis of Ogba-Egbema-Ndoni Local Government Area of the state under Operation...
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Former Kaduna State Governor, Nasir El-Rufai, has filed a fresh N10 billion fundamental rights suit against the Independent Corrupt Practices and Other Related Offences Commission (ICPC), alleging that the agency denied his wife and son access to him while in custody. The suit, marked FHC/ABJ/CS/1852/2026, was filed at the Federal High Court in Abuja on...
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The Federal Capital Territory Administration has reduced the waiting period for landowners to obtain Certificates of Occupancy (C-of-O) to two weeks, as part of reforms aimed at eliminating bottlenecks in property documentation and improving the ease of doing business. The reform comes as the administration, led by FCT Minister Nyesom Wike, records 26,272 Certificates of...
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President Bola Tinubu has congratulated Osun State Governor, Ademola Adeleke, on his re-election, while the All Progressives Congress (APC) said it was studying the outcome of Saturday’s governorship election before deciding whether to challenge the result. The Independent National Electoral Commission (INEC) declared Adeleke, who contested on the Accord Party platform, winner after he secured...
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The Economic and Financial Crimes Commission (EFCC) has recovered $60 million from Nestoil Limited as part of an ongoing investigation into alleged criminal aspects of transactions involving the oil company and a consortium of its lenders. The EFCC Chairman, Olanipekun Olukoyede, led efforts that resulted in a structured repayment agreement between Nestoil and the consortium...
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The Bank of Industry Limited (BoI) has secured strong institutional demand for its maiden N250 billion Series 1 Fixed Rate Bond, with the offer oversubscribed within five working days. The development highlights the capacity of Nigeria’s domestic capital market to mobilise long-term funding for productive investment and economic development. The bond was issued through BoI...
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