By Anthony Ubani There is a difference between preparing for rain and building your house inside a flood. What the Tinubu administration has done with the 2026 budget is the latter. It has set aside ₦135.22 billion for post-election litigation. Not for roads. Not for hospitals. Not for the 20 million out-of-school children roaming our streets. But for lawsuits. For courtroom battles. For the legal chaos that follows a broken election. Let that number sit with you for a moment. ₦135.22 billion. That is not a typo. It is a confession. This allocation, buried like a shameful secret inside the…
Author: Elvis Eromosele
Nigeria’s headline inflation rate is projected to rise to 16.42 per cent year-on-year in April 2026 as persistent increases in food and energy prices continue to pressure consumer costs, according to a new report by the Financial Market Dealers Association. The forecast, released on May 13, is based on data from the National Bureau of Statistics, the World Bank and the Food and Agriculture Organization. FMDA also projected month-on-month inflation at 2.78 per cent in April, lower than the 4.18 per cent recorded in March but still elevated compared to the broader disinflation trend seen since the second half of…
Nigeria is set to complete its long-delayed transition from analogue to digital broadcasting as the Federal Government has scheduled June 17, 2026, for the official nationwide launch of the Digital Switch Over (DSO) project. Mohammed Idris, the Minister of Information and National Orientation, disclosed this during a visit to the facilities of NIGCOMSAT at the Obasanjo Space Centre in Abuja. He said the DSO platform is now fully ready for commissioning, describing the milestone as a key achievement under President Bola Tinubu’s reform agenda for the broadcast industry. Idris said the completion of the digital migration marks a turning point…
A major push to expand electricity access in Nigeria has been unveiled, as the Rural Electrification Agency, in partnership with First City Monument Bank, UK PACT, Barton Heyman Limited, and ARM Harith Infrastructure Investment Limited, announced a $188 million financing initiative targeting 191 megawatts (MW) of distributed solar energy. The initiative is anchored on the newly launched Green Finance Investment Facility (GFiF), a blended finance platform designed to mobilise private and institutional capital into Nigeria’s distributed renewable energy sector. It also supports the Distributed Access through Renewable Energy Scale-Up (DARES) programme, a national effort to expand electricity access through mini-grids…
Nigeria recorded about $112 billion in foreign exchange (FX) inflows over the past 12 months, according to a report by the Financial Markets Dealers Association, showing a major shift in the structure of dollar inflows into the economy. The report revealed that autonomous inflows, FX sourced from private capital flows outside the direct control of the Central Bank of Nigeria, accounted for 64.94 per cent of total inflows, cementing their dominance in Nigeria’s FX market. Autonomous inflows rose to $72.91 billion in 2025, compared to $59.29 billion in 2024 and $41.80 billion in 2023, reflecting a near doubling in just…
Mr Olufemi Otedola, First HoldCo Plc Chairman, has deepened his investment in the financial services group after acquiring additional shares worth about N43.41 billion on the Nigerian Exchange. The transaction, executed on May 13, 2026, involved the purchase of 549,535,653 shares at an average price of N79 per unit. Following the deal, Otedola’s shareholding in First HoldCo rose from 8,055,314,486 units to 8,604,850,139 units, increasing his stake from 18.12 per cent to 19.35 per cent of the company’s 44.45 billion outstanding shares. He now ranks as the second-largest shareholder in the group, behind RC Investment Management Ltd, which holds a…
Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission, says data, artificial intelligence and technology-driven regulation will shape the future of investing in Nigeria’s capital market. Speaking at the FSDH Investor Conference 2026 in Lagos on Wednesday, Agama said the era of “intelligent investing” has already begun, with technology rapidly transforming how investments are priced, allocated and monitored. According to him, the future of investing will no longer be determined by the amount of capital investors control, but by the quality of intelligence and data available to them. “We are at the threshold of what scholars and practitioners are…
Lagos State University (LASU) has retained its position as Nigeria’s most sought-after tertiary institution, attracting 84,326 first-choice applications in the 2026 Unified Tertiary Matriculation Examination (UTME) admission cycle. The figures were announced on Monday, May 11, 2026, at the ongoing JAMB Policy Meeting on Admissions in Abuja. Data released by the Joint Admissions and Matriculation Board showed LASU leading the national ranking for the second consecutive year. The University of Lagos followed with 78,240 applications, while Obafemi Awolowo University (OAU), Ile-Ife, came third with 60,370 applications. The latest ranking further strengthens LASU’s reputation as Nigeria’s “University of First Choice,”…
Coronation Asset Management has launched the Coronation Equity Fund, an open-ended investment scheme aimed at helping investors tap into long-term growth opportunities in the Nigerian stock market. The offer opened on May 11, amid renewed investor interest in equities following the strong performance of the Nigerian market in 2025. According to the company, the fund is designed for investors seeking professionally managed exposure to Nigerian listed equities while benefiting from long-term wealth creation strategies. The launch comes as the NGX All-Share Index recorded a 51.19 per cent year-to-date return in 2025, driven by stronger corporate earnings, macroeconomic reforms, and improving…
The National Universities Commission (NUC) says at least 24,000 Nigerians will benefit from a new $65 million funding phase under the World Bank-supported Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE) project. The agreement was formalised during the signing of performance contracts in Abuja on Wednesday, according to the News Agency of Nigeria (NAN). The SPESSE initiative, backed by the World Bank, is designed to strengthen Nigeria’s capacity in procurement, environmental management, and social standards across public and private sector institutions. Speaking at the event, Abdullahi Ribadu, the Executive Secretary of the NUC, said the additional funding builds on the…