The Bank of Agriculture (BoA) has warned that Nigeria’s deepening energy poverty is undermining food security, agricultural productivity and rural livelihoods, with millions of Nigerians and over 120,000 farming communities still lacking reliable electricity. The bank raised the concern during a capacity-building workshop on the Clean Energy Access Framework (CEAF) for its staff in Kaduna. The programme was organised in partnership with DalaHill LP and funded by the Africa Climate Foundation (ACF). Speaking at the workshop, Dr. Adnan Aminu, Head of the Clean Energy Delivery and Innovation Unit at BoA, said about 86.8 million Nigerians, 46.4 per cent of the…
Author: Elvis Eromosele
…Affected firms have 90 days to file outstanding annual returns and beneficial ownership information or face deregistration The Corporate Affairs Commission (CAC) has begun another nationwide compliance exercise that could see 100,000 companies removed from Nigeria’s corporate register for failing to meet statutory filing obligations. In a public notice issued on Wednesday, the Commission said the action is being taken under Sections 692(3) and (4) of the Companies and Allied Matters Act (CAMA), 2020, targeting companies that have failed to file annual returns and disclose beneficial ownership information. CAC said companies affected by the exercise have 90 days to regularise…
…Jewellery, luxury cars and cash permanently seized as EFCC intensifies money laundering investigation A Federal Capital Territory (FCT) High Court in Abuja has ordered the permanent forfeiture of assets worth more than N8.9 billion linked to businesswoman Aisha Achimugu, following an application by the Economic and Financial Crimes Commission (EFCC). The assets include luxury jewellery, exotic vehicles and cash, which the court ruled should be forfeited to the Federal Government. The EFCC announced the ruling in a statement issued on Thursday through its official communication channels. Justice Jude Onwugbuzie granted the final forfeiture order on Thursday after upholding the EFCC’s…
The latest inflation figures from the National Bureau of Statistics (NBS) offer what appears to be good news. Headline inflation eased marginally to 15.91 per cent in June, down from 15.93 per cent in May, extending the gradual decline recorded over the past year. On paper, this suggests the economy is moving in the right direction. On the streets of Nigeria, however, it tells a very different story. For millions of households, there is little evidence that inflation is easing. Food prices continue to climb relentlessly, transport costs remain high, electricity tariffs have risen, and rents show no sign of…
Nigeria’s headline inflation rate eased marginally to 15.91 per cent in June 2026, down from 15.93 per cent in May, extending the gradual slowdown in overall price growth despite persistent increases in food costs. The latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) shows that inflation remains significantly lower than the 25.29 per cent recorded in June 2025, reflecting sustained moderation in annual price pressures. On a month-on-month basis, headline inflation also slowed to 1.66 per cent, compared with 1.75 per cent in May, indicating that prices continued to rise, but at a slower pace. Despite…
The Federal Airports Authority of Nigeria (FAAN) has launched a biometric facial recognition system, known as V-Pass, to streamline passenger processing, strengthen security, and reduce waiting times at domestic airports. The new system, unveiled on Thursday, forms part of the Federal Government’s ongoing efforts to modernise airport operations through digital technology. According to FAAN, passengers will only need to register once before using the V-Pass platform for future flights. Once enrolled, travellers will be able to verify their identities through facial recognition technology, eliminating the need for repeated presentation of physical identification documents. The authority said the system will speed…
England’s hopes of reaching their first FIFA World Cup final since 1966 ended in heartbreaking fashion after Argentina scored twice in the closing minutes to claim a dramatic 2-1 semi-final victory in Atlanta. The Three Lions looked on course for the final after Anthony Gordon fired them ahead early in the second half. However, defending champions Argentina mounted a stunning late comeback, with Enzo Fernández levelling in the 85th minute before substitute Lautaro Martínez headed home a stoppage-time winner. Lionel Messi inspired the turnaround, providing assists for both goals as Argentina booked a place in Sunday’s World Cup final against…
Celebrity influencers are earning up to £1 million to promote deodorant brands on Instagram, underscoring the growing power and price tag of social media marketing. Wild, the refillable natural deodorant brand acquired by Unilever last year, says influencer partnerships have been central to its rapid growth, with annual spending on social media personalities approaching £10 million. The company works with high-profile celebrities including Emma Raducanu, Stacey Solomon and Molly-Mae Hague, paying hundreds of thousands of pounds,and in some cases more than £1 million, for long-term brand ambassador deals. Wild co-founder Charlie Bowes-Lyon described influencer marketing as the company’s “secret sauce.”…
SpaceX shares have fallen below their initial public offering (IPO) price for the first time, wiping out gains made after the company’s blockbuster stock market debut just over a month ago. Shares of Elon Musk’s rocket, satellite and artificial intelligence company closed at $132.62 on Wednesday, below the $135 IPO price set when the company listed in June. The decline means investors who bought shares at the IPO and held onto them are now sitting on paper losses. The stock is also down 41 per cent from the record high it reached shortly after listing. SpaceX has been among the…
…Government takes full ownership of British Steel, citing national interest, job protection and long-term industrial security. The UK government has taken British Steel into public ownership, completing the nationalisation of the company in a move aimed at safeguarding the country’s steelmaking capacity, protecting thousands of jobs and securing a critical national industry. Announcing the decision on Thursday, Prime Minister Sir Keir Starmer said the move would preserve Britain’s steelmaking capability and protect skilled employment. “Today’s decision secures the future of steelmaking in the UK, protects skilled jobs and safeguards a vital national capability,” Starmer said. British Steel operates the Scunthorpe…