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The Office of the Head of the Civil Service of the Federation and the Central Bank of Nigeria have denied playing any role in establishing the controversial Presidential Foreign Investment Promotion Council and the Presidential Economic Advisory Council. Both institutions made the disclosures on Monday while appearing before the House of Representatives Ad-hoc Committee investigating […]

The Department of State Services has announced plans to appeal the life sentences imposed on two senior commanders of the Ansaru terrorist organisation, maintaining that the punishment does not adequately reflect the gravity of the offences for which they were convicted. The Federal High Court in Abuja, presided over by Justice Emeka Nwite, sentenced Mahmud […]

The Federal Competition and Consumer Protection Commission has regained full authority to regulate Nigeria’s digital lending industry after the Federal High Court in Lagos dismissed a suit challenging its powers to issue and enforce regulations for loan apps and other digital lenders. Delivering judgment on Monday, Justice A. L. Allagoa dismissed the suit filed by […]

Chief of Staff to the President, Femi Gbajabiamila, has appeared before the Independent Corrupt Practices and Other Related Offences Commission as part of its investigation into the activities of the purported Presidential Foreign Intervention Promotion Council. Gbajabiamila appeared at the commission’s office at about 3 p.m. on Monday, July 20, 2026, following an invitation from […]

A civil society organisation, the Kwechiri Unity Forum, has filed a lawsuit against the Minister of Works, David Umahi; the Inspector-General of Police, Olatunji Disu; and three others over the death of 26-year-old health worker Mary Habila. The suit was filed before the Federal High Court in Abuja on July 17, 2026, by the organisation’s […]

A Federal High Court sitting in Abuja has struck out a suit filed by Senator Ned Munir Nwoko, seeking to void the emergence of former Delta State Governor, Ifeanyi Okowa, as the candidate of the All Progressives Congress for the next election in the Delta North Senatorial District of Delta State. The suit, marked FCT/ABJ/CS/1062/2026, […]

A Federal High Court in Abuja has sentenced a man who claimed to be 50 years old and father of 19 children, Mahmud Usman, to life imprisonment after pleading guilty to offences of kidnapping for ransom, terrorism, among others. Usman (also known as Abu Bara’a, Abbas and Mukhtar), described by the prosecution as the self-styled […]

Olisa Agbakoba Legal has hosted its maiden Maritime Policy Roundtable, with stakeholders calling for stronger credit assessments, legal due diligence, effective risk management and enforceable security arrangements to reduce lending risks under the $700 million Cabotage Vessel Financing Fund. In a statement released on Monday, OAL said the roundtable brought together stakeholders from Nigeria’s banking, […]

Financial System Flush with Cash as N4.7trn Surplus Keeps Rates Stable The financial system was flush with cash, strong enough to keep money market rates stable, supported by FAAC disbursements to states and inflows from matured Treasury and OMO bills. The strong liquidity profile offset pressures from primary market auction settlements. With about N4.7 trillion […]

DMO to Open N1.2 Trillion FGN Bonds for Subscription The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), is scheduled to conduct a bond auction on Monday, offering a total of N1.20 trillion across three re-opened maturities. The offer size is unchanged from June, according to a circular obtained from the authority, […]

Nigeria Inflation Eases but Rising Food Costs Put Markets on Alert Nigeria’s inflation rate moderated slightly in June, marking its first decline in three months and offering tentative evidence that broader price pressures may be easing. Headline inflation edged lower to 15.91% from 15.93% in May, while core inflation recorded a more pronounced decline of […]

TIP’s Robust Fundamentals Support Long-Term Investment Case The Initiates Plc (TIP) closed trading at N30.00 on Friday, remaining slightly below its 50-day moving average of N30.76, a technical indicator suggesting that the stock is currently in a period of consolidation following a strong rally. Although the share price remains below its short-term trend benchmark, the […]