S&P Global has raised its forecast for Nigeria’s average inflation rate in 2026 to 16.9%, up from its previous projection of 15.0%, citing stronger-than-expected spillover from higher global oil prices into domestic energy costs. The revised outlook was published in the ratings agency’s latest report, Economic Outlook Emerging Markets Q3 2026: Inflationary Pressures Will Persist….
Afrobeats superstar Wizkid officially launched a new chapter in his career on Thursday night, unveiling the title of his seventh studio album, Sexy, during an exclusive pre-release listening party in Paris. The private event, held at Cova Club during Paris Fashion Week in collaboration with Deeds Magazine, brought together fashion insiders, music executives and a…
The Central Bank of Nigeria (CBN) has directed all banks and other regulated financial institutions to immediately freeze accounts, assets, and financial transactions linked to six individuals and four Bureau De Change (BDC) operators over alleged involvement in terrorism financing. The directive, contained in a circular dated June 24, 2026, follows an update to the…
The United States and its Gulf allies have renewed calls for the immediate reopening of the Strait of Hormuz, even as the United Nations temporarily suspended its emergency maritime evacuation operation following a fresh attack on a commercial vessel near Oman. Speaking after meetings with Gulf leaders in Bahrain, U.S. Secretary of State Marco Rubio…
It was a massive day for Afrobeats fans as two of Nigeria’s biggest stars, Wande Coal and Davido, delivered fresh music that immediately dominated streaming platforms and social media conversations. Veteran hitmaker Wande Coal officially released his highly anticipated album, KING COAL, marking another milestone in his career as one of Afrobeats’ pioneering voices. The…
At least eight people, including a baby girl, have been confirmed dead after a three-storey shopping mall collapsed in the Alakija area of Lagos State, triggering a massive rescue operation involving multiple emergency agencies. The building, located along Old Ojo Road near Alakija Bus Stop in Ori-Ade Local Council Development Area, caved in on Thursday…
A fresh Israeli drone strike in southern Lebanon has killed three people, raising new concerns about the durability of the fragile ceasefire that has remained technically in place following recent regional diplomacy. Lebanese state media reported that the strike targeted a vehicle near Kfardajal in the Nabatieh governorate early Tuesday morning, killing all three occupants….
A long-running search for answers in the case of missing #EndSARS journalist Pelumi Emmanuel Onifade has reached a significant milestone after DNA testing reportedly confirmed that an unidentified body held for years by authorities belongs to the young reporter. Onifade, a 20-year-old intern with Gboah TV, disappeared on October 24, 2020, while covering events linked…
Venezuela has been left reeling after two powerful earthquakes struck the country’s northern region on June 24, causing widespread destruction, killing at least 32 people, and injuring more than 700 others. According to authorities, the earthquakes measured magnitudes 7.2 and 7.5 and occurred just 39 seconds apart near the town of Morón in Yaracuy State,…
Nollywood actress Omeche Oko has reassured fans after surviving a frightening vehicle accident while filming on a movie set, an incident that sparked widespread concern across the Nigerian entertainment industry. Reports of the accident circulated on social media after videos and photos emerged showing the aftermath of the crash during a production shoot. Fans and…
