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….
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…
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…
Nigerian authorities have intensified their crackdown on security-related offences, with the Economic and Financial Crimes Commission (EFCC) preparing to arraign individuals and companies linked to terrorism financing, while a Kaduna court has ordered the remand of 24 suspects connected to recent violent community disturbances. The EFCC confirmed it is set to file charges against suspects…
U.S. President Donald Trump has issued a fresh warning over ongoing Swiss-mediated negotiations with Iran, cautioning that the fragile diplomatic process could collapse if key conditions are not met. Speaking as technical discussions continue following last week’s high-level talks in Switzerland, Trump rejected claims that the United States had secretly provided funds or financial concessions…
The Presidency has strongly rejected viral reports claiming that President Bola Ahmed Tinubu has ruled out seeking re-election in 2027, describing the story as false and misleading. Presidential spokesman Bayo Onanuga said the report making the rounds on social media and some online platforms did not originate from the President and should be disregarded. According…
Commercial vessels have begun safely transiting the Strait of Hormuz under a newly launched United Nations emergency evacuation scheme, offering a major boost to global trade and energy markets after months of disruption in one of the world’s most critical shipping corridors. The operation follows intensive regional diplomacy and the recent U.S.-Iran ceasefire framework aimed…
Super Eagles Head Coach Eric Chelle has been mandated to take charge of the Nigeria U-23 men’s football national team, reports Newslegend. The U-23 side, winners of the football event of the 1996 Olympics have had floundering performances in recent OlympicsGames albeit they won silver in 2008 and the bronze medal 2016. The decision to…
The 2026 FIFA World Cup produced another dramatic day of action as Cristiano Ronaldo broke new ground, Colombia secured a place in the knockout rounds, and Panama became one of the tournament’s first officially eliminated teams. Portugal delivered the standout performance of the day with a dominant 5-0 victory over Uzbekistan. Cristiano Ronaldo stole the…
