Business

Nigeria’s headline inflation rate rose slightly to 15.69 percent in April 2026, from 15.38 percent recorded in March 2026, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS$. But the bureau said the latest figures showed a sharp decline when compared with the 26.82 percent recorded in April 2025. The report follows the …

By Ayo Kehinde The Nigeria Police Force has stepped up its crackdown on cyber crime and transnational financial fraud with the extradition of a Nigerian cyber fraud suspect, Samuel Ugberease, to the United States of America on charges bordering on online romance scams, wire fraud and money laundering of over $1.5 million. The Force Public Relations Officer, DCP Anthony Placid, …

The Ekiti State Police Command has officially dismissed Sergeant Osayingbemi Temitope following his involvement in an incident associated with illicit drug use. The sacking was confirmed by the state police spokesperson, SP Sunday Abutu, in a statement released on Friday. The officer was captured in a viral video on May 9 in Ikole-Ekiti, displaying erratic behavior allegedly due to consumption …

Dangote Group President and Africa’s richest man, Aliko Dangote, has revealed that powerful interests in Nigeria’s oil sector are allegedly fighting aggressively to stop the construction of the $20 billion Dangote Oil Refinery, fearing the project will disrupt the country’s long-standing fuel import business. Dangote said the refinery had faced resistance for years from incumbents in the oil industry who …

Six-time Nigerian champions Rivers Hoopers have begun intense preparations for the 2026 Nigeria Premier Basketball League (NPBL) season. Following official confirmation from the organisers, the Nigeria Basketball Federation (NBBF) and the League Management Company (LMC), the NPBL 2026 previously scheduled for May 9, will now begin on May 16, with twenty (20) teams split across two conferences (Atlantic and Savannah). …

The anti-corruption crusade of the People’s Voice Organisation, a member of the national anti-corruption coalition ICPC in Ogun State, has raised the alarm over what it described as the growing culture of political exploitation, manipulation and abuse of public trust in Nigeria. The group warned that the continued commercialization of politics and the erosion of democratic accountability pose serious threats …

All 17 local government chairmen under the Association of Local Government Chairmen (ALGON) in Yobe State, have unanimously endorsed Alhaji Baba Malam Wali as the governorship candidate on the platform of the All Progressives Congress (APC) for the 2027 general elections in the state. Wali, who they described as a grassroots politician, has served the state under several administrations as …

Special Adviser to the President on Economic Affairs in the Office of the Vice President, Dr. Tope Fasua, on Thursday defended the federal government’s economic reforms, saying the measures, while painful, are necessary to stabilize the economy and create long-term opportunities for inclusive growth. Fasua was speaking at the second Rotary International District 9127 conference in Abuja, where he delivered …

The Securities and Exchange Commission (SEC) has warned Nigerians against investing in unregistered online investment schemes. The commission stated that many of these schemes promoted on social media platforms and websites operate like Ponzi schemes, and can be shut down without notice. In a public notice posted on the commission’s X account on Thursday, the SEC said it had observed …

Post views: 18 By Silvernews Members of the Imo State chapter of the Sports Writers Association of Nigeria (SWAN) have participated in a hands-on training program designed to improve ethical and professional standards in the use of artificial intelligence (AI) in journalism. The workshop, titled “Ethics and Professionalism in the Age of Generative Artificial Intelligence”, was facilitated by media …