Business

Nigeria’s inflation rate rose to 15.93 percent in May 2026, marking the third consecutive monthly increase in the annual inflation rate as food prices continued to pressure household budgets despite the pace of monthly price increases slowing. The latest Consumer Price Index report released by the National Bureau of Statistics (NBS) on Monday showed that inflation increased from 15.69 percent …

Post views: 31 By Silvernews, A widow in Imo State, Mrs Esther Iheoma Nwanne Osuagwu, has said her family has endured years of threats, intimidation and violence stemming from a disputed plot of land allegedly left to her by her late husband. Documents made available to Silvernews show that the matter was reported to the police following an alleged …

The Federal High Court in Abuja has sentenced Maiduguri-based convenience store operator Umar Bashir to 20 years in prison without the possibility of fine for financing terrorism linked to the Boko Haram insurgency. The trial judge, Binta Nyako, delivered the verdict on Monday after the defendant pleaded guilty to the charge brought against him by the federal government. Bashir, who …

Minister of Works, Senator Dave Umahi, has said several road projects for the South East region, originally conceived during the colonial era but left unrealized for decades, are now coming to life under President Bola Tinubu’s Renewed Hope agenda. Speaking in Ebonyi State on Saturday, while leading senior journalists and government officials on a tour of the administration’s legacy projects, …

The Ooni of Ife, Oba Adeyeye Ogunwusi, has described Olubukola Babajide, founder of Crystal Options Ltd, as a shining example of Nigerian excellence whose achievements continue to positively project the country on the global stage. Babajide, a technology entrepreneur, was recently included in the 2026 King’s Birthday Honors List, where she was awarded the title of Member of the Order …

Post views: 24 Coal City Blazers Basketball Club has resumed training ahead of the second round of the Nigeria Men’s Premier Basketball League, with the Enugu-based team focused on improving their performances in the next phase of the competition. The Blazers’ young players, who had been on break after the first round, have returned to the pitch as the …

… Africa accounts for 94% of the total $3.18 billion …Increasing hardship is fueling a surge in lending in the telecommunications sector Daud Olatunji Mobile phone users in Nigeria and other emerging markets borrowed airtime worth $3.18 billion (about 4.61 trillion naira) in 2025, underscoring the growing reliance on short-term digital loans amid worsening economic conditions. This was revealed in …

The United States and Iran have reached a historic peace deal to end nearly four months of escalating military confrontation, with both nations agreeing to immediately cease hostilities and begin a gradual diplomatic process that could reshape security and economic stability across the Middle East. US President Donald Trump announced the breakthrough on Sunday, declaring that military operations between the …

African Democratic Congress (ADC) presidential candidate and former Vice President of Nigeria, Atiku Abubakar, has condemned the tragic death of retired Major General Abubakar Rabe while in captivity of bandits, describing the incident as a damning indictment of the failure of the Federal Government to secure the lives of Nigerians. Atiku, in a statement released by his press office on …

President Bola Tinubu has assured Nigerian inmates held in Ethiopian penitentiaries that his administration has not abandoned them, following the signing of a prisoner transfer agreement between the two countries. The assurance was given on his behalf by the Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, during a visit to Nigerian inmates at Aba Samuel Prison in Ethiopia on Thursday 11 …