2027: ‘Let’s go to primaries, you don’t believe in zoning’ – Amaechi tells Atiku

Former Minister of Transportation, Rotimi Amaechi, has told former Vice President Atiku Abubakar that they should go to the primaries since Atiku said he does not believe in zoning.

Amaechi made this statement on Monday while responding to questions in an interview on Trust TV.

The chieftain of the African Democratic Congress, ADC, said this will be the first time Atiku will taste failure in primary election.

He was speaking on the level of his preparedness for the primary election of the party.

The former Rivers state governor said, “Atiku said he does not like zoning, so let’s go to primaries.

“I listen when said he has never failed the primaries before. I hope this will be the first time he fails the primaries.

“That is not the issue, the issue is that every time he has passed the primaries, he has not won the election.

“You see as I’m talking to my colleagues and brothers in the North, let’s not play North and South politics. It’s not necessary. I don’t do it and I will not do it.

“I would like to copy former president Olusegun Obasanjo. He’s a huge nationalist. You may not like him. But he was a Nigerian President and not a Yoruba President.”

When asked what what his fate would be if an aspirant, Mohammed Hayatu-Deen decides to step down for Atiku, the former Rivers state governor said he wished them luck.

Only five GAC members supported Hamzat, no consensus candidate in Lagos APC – Jim-Kamal

Ahead of Thursday’s All Progressives Congress, APC, governorship primary election in Lagos State, one of the aspirants, Lanre Jim-Kamal, has insisted that there is no officially endorsed candidate in the race, stressing that all contestants should participate in a transparent direct primary process.

Jim-Kamal made the remarks on Monday during the unveiling of his five-point agenda in Lagos, where he said his administration would focus on addressing what he described as longstanding irregularities in the state’s political and governance system.

According to him, the signing of the 2026 Electoral Act by President Bola Tinubu reflected support for direct primaries and opposition to the culture of candidate imposition within political parties.

He argued that the president’s endorsement of direct primaries was rooted in a desire to strengthen internal democracy and discourage predetermined candidacies.

Jim-Kamal urged delegates expected to participate in the governorship primary to vote according to their conscience and support a candidate capable of providing effective leadership for Lagos State.

“I urge the delegates to open their eyes and vote for the person that will lead us well,” he said.

The APC aspirant also appealed for a peaceful conduct of the exercise, stating that Lagos should demonstrate political maturity and serve as a model for other states across the country.

“Let us be peaceful. Let us go out and show other states that we are no more ‘Eko for Show’ but ‘Eko for Action’. We are going to lead by example this time around,” he stated.

Speaking further, Jim-Kamal described the planned exercise as a direct primary to be conducted using the Option A4 system, noting that although the APC was not traditionally known for that method, the party had now embraced it.

“That is what is happening now, direct primary, what they call Option A4. APC may not be used to it because it has been more common with other parties, but now they have started it,” he said.

The governorship aspirant also dismissed reports suggesting that there was a consensus arrangement in favour of the Deputy Governor of Lagos State, Obafemi Hamzat.

According to him, reports of endorsement were exaggerated, claiming that only a five members of the party’s Governorship Advisory Council, GAC, allegedly backed Hamzat out of the council’s larger membership.

He further stated that the chairman of the council had recently denied claims that any aspirant had been officially endorsed.

Jim-Kamal criticised the idea of consensus candidacies within political parties, arguing that such arrangements often create resentment and division among party members.

“If consensus stands, the deputy governor will not be running from pillar to post seeking support. Consensus breeds bad blood. There is nothing like consensus. We are all equal in this race,” he said.

Court orders forfeiture of private jet linked to alleged N23.1bn power fraud

A Federal High Court has ordered the final forfeiture of a private jet allegedly linked to fraud connected to the Maiduguri Emergency Power Project, MEPP, valued at 114.1 million dollars and N23.1 billion.

The development was disclosed in a statement posted on the official page of the Nigeria National Grid.

According to the statement, investigations by the Economic and Financial Crimes Commission, EFCC, allegedly revealed that Abdulsalam Mustapha Kachallah leaked bidding information to China Machinery Engineering Company, CMEC, in exchange for financial kickbacks.

The statement alleged that CMEC later transferred about 2.07 million dollars through Afuwa Integrated Services, identified as a Bureau De Change operator, using what were described as forged invoices to facilitate the purchase of the aircraft for Valiente Jet Limited.

Justice Emeka Nwite reportedly described the transaction as a disguised arrangement linked to fraudulent activities surrounding the project.

“Justice Nwite condemned the disguised transaction, forfeiting the asset to the FG. The court ordered the permanent forfeiture of the aircraft to the Federal Government,” the statement read.

We’ll mobilise only graduates with NERD certificate – NYSC

The National Youth Service Corps, NYSC, has reaffirmed that it is committed to enforcing the Federal Government’s directive mandating all Prospective Corps Members to present a compliance certificate from the Nigeria Education Repository and Databank, NERD.

The Director-General of NYSC, Brigadier General Olakunle Nafiu, stated this in his keynote address at the 2026 Batch ‘B’ Pre-Mobilization Workshop themed, “Strengthening Institutional Accountability and Compliance in the NYSC Mobilization Process for Effective Service Delivery,” held in Abuja.

He appealed to Corps Producing Institutions to adequately sensitize their students and ensure strict compliance with the initiative.

General Nafiu emphasized that the mobilization process was not the sole responsibility of the NYSC, urging regulatory bodies, security agencies, and relevant ministries to provide the necessary support through policy guidance, capacity building, and enforcement of compliance standards.

He said, “When we work in synergy, we ease the path for our Prospective Corps Members, ensuring that their transition from student to national service is smooth, transparent, and credible.

“Let us be bold in confronting the obstacles before us and creative in fashioning solutions that will stand the test of time.

“Let us build a more accountable, transparent, and efficient mobilization process for the benefit of all,” he said.

Earlier in her address, the NYSC Director, Corps Mobilization, Mrs. Rachel Ideawor, described the Pre-Mobilization Workshop as a vital platform for fostering collaboration between the Scheme, Corps Producing Institutions, and other critical stakeholders.

She noted that although significant progress had been made in enhancing the NYSC mobilization process, there was still a need to optimize service delivery across the entire mobilization value chain.

“I urge our Student Affairs Officers to approach their responsibilities with diligence and integrity, ensuring that the information provided accurately reflects the true profiles of Prospective Corps Members,” Ideawor said.

The workshop was attended by representatives of the Joint Admissions and Matriculation Board, JAMB, National Universities Commission, NUC, National Board for Technical Education, NBTE, Federal Ministry of Education, NERD, SIDMACH Technologies, as well as 266 Student Affairs Officers, SAOs from various Corps Producing Institutions across the country.

Bandit attacks threaten northern campuses, student group warns

BANDITSThe Student Wing of the Northern Youth Frontiers on Monday raised concerns over worsening insecurity around tertiary institutions in the North, warning that persistent attacks by bandits and kidnappers are undermining access to education and threatening the future of thousands of students in the region.

The group said that despite the gains recorded under the Federal Government’s student loan initiative through the Nigerian Education Loan Fund, insecurity around campuses continued to discourage learning and expose students to danger.

The concerns were contained in a communiqué issued after an emergency joint congress of student leaders, campus delegates and youth stakeholders from the 19 northern states and the Federal Capital Territory, held in Abuja.

The communiqué was jointly signed by the National Coordinator of the NYF Student Wing, Ibrahim Bello, and the Secretary-General, Hauwa Abdulaziz.

According to the students, many tertiary institutions and off-campus student communities in the North remained vulnerable to attacks, forcing students to live in fear while pursuing their education.

“We urgently appeal to President Bola Tinubu to intensify security efforts across Northern campuses, which remain vulnerable to threats from bandits and kidnappers,” the communiqué stated.

The congress called for increased investment in the Safe Schools Initiative and demanded a stronger security presence around universities, polytechnics and colleges of education across the region.

“Specifically, we call for the aggressive funding of the Safe Schools Initiative, alongside the deployment of specialised, round-the-clock military and police patrols around tertiary institutions, off-campus student residential zones and critical transit routes to guarantee that students can utilise their loans in safety and peace,” the students said.

The group warned that insecurity has continued to disrupt academic activities, heighten anxiety among parents and students, and worsen educational challenges in the North.

The students, however, commended the Federal Government for the implementation of the student loan scheme under NELFUND, describing it as a critical intervention that has restored hope to indigent students struggling with tuition and living expenses.

According to the communiqué, over N72.03bn has been disbursed directly into students’ accounts as monthly N20,000 upkeep support, helping beneficiaries cope with feeding, accommodation and academic costs.

“By stepping in where poverty would have forced brilliant minds out of school, NELFUND has restored dignity to the less privileged and brought immense psychological and financial relief to countless struggling families,” the communiqué added.

The congress also noted that more than 1.3 million Nigerian students had reportedly registered and applied through the NELFUND portal, while over N161.97bn had been disbursed under the scheme in 2026.

The students passed a vote of confidence in President Tinubu and the Managing Director of NELFUND, Akintunde Sawyerr, describing the education loan programme as one of the administration’s most impactful interventions in the education sector.

They urged the Federal Government not to allow insecurity to erode the benefits of the programme, stressing that access to education can only improve in an environment where students feel safe.

In recent years, several schools and tertiary institutions across northern Nigeria have faced security threats ranging from abductions to attacks on school communities, leading to temporary closures, disruption of academic calendars and heightened fear among students and lecturers.

The insecurity crisis has also contributed to declining school enrolment in some affected communities, with many parents reluctant to send their children far from home due to fears of kidnapping and violence.

Education stakeholders have repeatedly warned that the situation could deepen the out-of-school children crisis already confronting Northern Nigeria, which accounts for a significant percentage of the country’s out-of-school population.

Lagos appoints Oseni as new medical director of Gbagada General Hospital

The Lagos State Government has appointed Dr Saliu Olugbenga Oseni as the new Medical Director of General Hospital, Gbagada, as part of ongoing efforts to strengthen healthcare delivery across public health institutions in the state.

A statement by the Lagos state government said the management and staff of the hospital officially welcomed Dr. Oseni following the retirement of the immediate past Medical Director, Dr. Babafemi Olusegun.

Before his new appointment, Dr. Oseni served at General Hospital, Isolo, where he was recognised for his professionalism, administrative competence, and dedication to quality healthcare service delivery.

His appointment to General Hospital, Gbagada, according to the hospital management, forms part of the Lagos State Government’s broader plan to sustain excellence and improve healthcare services across state-owned medical facilities.

Welcoming the new Medical Director, the hospital management expressed confidence in his ability to build on the achievements of his predecessor, Dr. Babafemi Olusegun, whose tenure was described as impactful and professionally driven.

The management noted that Dr. Oseni possesses the experience and leadership capacity needed to further advance the hospital’s vision of providing efficient, accessible, and patient-centred healthcare services to residents.

“The new MD is well-positioned to build on the achievements of his predecessor while advancing the hospital’s vision of delivering efficient, accessible, and patient-centred healthcare services,” the statement said.

Staff and stakeholders of the hospital pledged their support and cooperation to the new Medical Director, assuring members of the public of the institution’s continued commitment to quality healthcare services under the new leadership.

Food inflation spikes above 20% in 11 states

National Bureau of StatisticsFood inflation remained above 20 per cent in 11 states in April 2026, even as national food inflation surpassed headline inflation for the first time in eight months, signalling renewed pressure on household purchasing power across the country.

Data from the latest Consumer Price Index report released by the National Bureau of Statistics showed that food inflation rose to 16.06 per cent in April 2026, slightly higher than the headline inflation rate of 15.69 per cent recorded in the same month.

The development marked the first time food inflation exceeded all-item inflation since August 2025, when food inflation stood at 25.30 per cent compared to headline inflation of 23.14 per cent.

Between September 2025 and March 2026, headline inflation consistently remained higher than food inflation, reflecting broader price pressures beyond food items, including transport, accommodation, energy, and services.

In September 2025, food inflation stood at 20.16 per cent against headline inflation of 20.98 per cent. The gap widened further in January 2026 when food inflation slowed sharply to 8.89 per cent while headline inflation remained elevated at 15.10 per cent.

Food inflation later rebounded steadily from 10.84 per cent in December 2025 to 12.12 per cent in February 2026 and 14.31 per cent in March 2026 before overtaking headline inflation again in April 2026.

The latest figures suggest that food prices are once again becoming the dominant driver of inflationary pressure in the economy after months in which non-food components accounted for a larger share of overall inflation.

The NBS stated that food inflation on a year-on-year basis was highest in Enugu at 32.7 per cent, followed by Kwara at 30.8 per cent and Adamawa at 30.1 per cent.

Other states with food inflation above 20 per cent were Rivers at 26.8 per cent, Delta at 23.9 per cent, Bauchi at 23.7 per cent, Edo at 23.0 per cent, Zamfara at 22.0 per cent, Gombe at 21.6 per cent, Anambra at 20.8 per cent, and Benue at 20.1 per cent.

The bureau said, “Food inflation on a year-on-year basis was highest in Enugu (32.67 per cent), Kwara (30.77 per cent), and Adamawa (30.14 per cent), while Borno (1.67 per cent), Jigawa (6.17 per cent), and Taraba (7.19 per cent) recorded the slowest rise in Food inflation on a year-on-year basis.”

According to the report, the rise in food prices was driven by increases in the average prices of millet, yam flour, fresh ginger, beef, garri, yam tubers, fresh pepper, crayfish, cassava tubers, beans, Irish potatoes, tomatoes, wheat grain, soybeans, guinea corn, plantain, and carrots.

The report also showed worsening month-on-month food inflation pressures in some states. Niger recorded the highest monthly food inflation increase at 8.5 per cent, followed by Bauchi at 6.8 per cent and Kogi at 6.7 per cent. Benue and Plateau also recorded strong monthly increases of 6.6 per cent and 6.2 per cent, respectively.

Conversely, Kebbi recorded the slowest monthly food inflation increase at 0.2 per cent, while Katsina and Bayelsa posted 0.5 per cent and 1.3 per cent, respectively.

At the national level, headline inflation rose marginally to 15.69 per cent in April 2026 from 15.38 per cent in March 2026, representing a 0.31 percentage point increase. The NBS said the Consumer Price Index increased to 138.3 points in April from 135.4 points in March.

However, month-on-month headline inflation slowed to 2.13 per cent in April from 4.18 per cent in March, indicating that the pace of overall price increases moderated compared to the previous month.

The bureau added that rural inflation remained higher than urban inflation, with rural inflation at 16.36 per cent and urban inflation at 15.40 per cent year-on-year. Food and non-alcoholic beverages remained the largest contributor to headline inflation, accounting for 6.40 percentage points of the overall inflation rate.

The worsening food inflation trend also aligns with a new warning by the Famine Early Warning Systems Network, which projected that between 16 million and 16.99 million Nigerians could require urgent humanitarian food assistance by November 2026.

The report placed Nigeria among the countries expected to record the highest number of people in need of food assistance globally, alongside Sudan, the Democratic Republic of Congo, and Yemen.

FEWS NET stated that Nigeria’s projected food assistance needs in November 2026 would be higher than last year’s levels and above the five-year average due to persistent conflict, weak purchasing power, and below-average agricultural production.

According to the report, “In northern Nigeria, needs in November will likely remain elevated despite some seasonal improvements with the September main harvest and declining food prices. However, below-average production, persistent conflict, and constrained purchasing power will continue to limit food access, sustaining widespread Crisis (IPC Phase 3), with some inaccessible areas of North East facing Emergency (IPC Phase 4).”

The report added that Nigeria is expected to account for between five and 10 per cent of total projected global humanitarian food assistance needs across FEWS NET-monitored countries in November 2026.

FEWS NET classifies Crisis, also known as IPC Phase 3, as a condition where households face food consumption gaps or can only meet minimum food needs by depleting essential livelihood assets or adopting crisis-level coping strategies. Emergency, classified as IPC Phase 4, reflects severe food consumption gaps, high acute malnutrition, and excess mortality.

Commenting on the inflation trend, the Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, said the latest figures reflected a fragile disinflation process amid persistent pressure from food, transport, and energy costs.

Yusuf noted that although headline inflation rose marginally from 15.38 per cent in March to 15.69 per cent in April, the moderation in month-on-month inflation indicators suggested weakening short-term inflationary momentum.

He said, “Nonetheless, inflation conditions remain severe from a welfare and business cost perspective. Food inflation stood at 16.06 per cent, while core inflation remained elevated at 15.86 per cent. The dominant inflation drivers continue to be food, transportation, energy products, healthcare, and restaurant services, which together accounted for about 87 per cent of the inflation pressure recorded in April.”

According to him, the pressure on essential household spending items was worsening the cost-of-living crisis for many Nigerians, particularly low-income households.

Yusuf also warned that rising geopolitical tensions involving Iran, Israel, and the United States could further worsen inflationary pressures through higher global oil prices and rising domestic energy costs.

He stated, “Rising petrol, diesel and gas prices are fuelling transportation, logistics and production costs across sectors, with significant pass-through effects on food prices and overall consumer inflation.”

The economist argued that Nigeria’s inflation challenge remained largely structural and supply-driven, warning that tighter monetary policy alone would not resolve inflation caused by high energy costs, weak infrastructure, logistics bottlenecks, and food supply disruptions.

He added that further monetary tightening could worsen financing costs for businesses, weaken investment, and constrain productivity growth.

Yusuf called on the Federal Government and state governments to prioritise supply-side reforms aimed at reducing energy and transportation costs, strengthening food supply systems, improving trade facilitation, and boosting domestic productivity.

In an earlier statement, the Director-General of the Lagos Chamber of Commerce and Industry, Dr Chinyere Almona, said the continued rise in food, transportation, energy, and logistics costs was worsening pressure on businesses and households despite signs of moderation in inflation trends.

She noted that inflation continued to erode purchasing power, weaken consumer demand, and compress business margins, particularly for manufacturers, traders, Micro, Small, and Medium Enterprises, and low-income households.

Almona said, “The chamber observes that inflation continues to weigh heavily on manufacturers, MSMEs, traders, and consumers, through rising costs of food, transportation, energy, and logistics.”

She added that the higher rural inflation rate of 16.36 per cent reflected deeper structural challenges, including insecurity in food-producing communities, weak transportation networks, poor storage systems, and persistent supply chain disruptions.

According to her, “The higher rural inflation rate also highlights ongoing supply chain disruptions, insecurity in food-producing areas, and weak distribution infrastructure.”

The LCCI boss stated that although inflation had moderated significantly from the 26.82 per cent recorded in April 2025, many Nigerians were yet to experience meaningful relief due to lingering economic pressures and declining purchasing power.

She called for stronger policy coordination, exchange rate stability, improved energy supply, and deliberate support for local production to sustain the current moderation in inflation.

Almona maintained that long-term price stability would depend on reforms aimed at boosting productivity, improving infrastructure, strengthening food security, and creating a more business-friendly operating environment.

Investors lose N81bn as bears dominate NGX trading

NGXThe Nigerian equities market opened the week on a marginally bearish note on Monday, as mild profit-taking activity dragged key performance indicators lower on the Nigerian Exchange Limited.

At the close of trading, the market capitalisation of listed equities declined slightly by N81bn or 0.05 per cent to close at N160.362tn, down from the N160.443tn recorded in the previous session.

Similarly, the benchmark All-Share Index eased by 126.09 points to close at 250,204.83 points from 250,330.92 points, reflecting a broadly cautious trading session.

Market breadth closed negative, with 33 gainers against 36 decliners, indicating a slight tilt towards selling pressure across listed equities as investors locked in profits from recent rallies.

On the local bourse, energy firm Oando Plc led the top gainers, advancing 10.00 per cent to close at N51.70 per share, up from N47.00 in the previous session. Educational publisher UPL Plc followed closely with a 10.00 per cent gain, closing at N5.50 from N5.00.

Deap Capital Management & Trust Plc appreciated 9.96 per cent to close at N5.96, while pharmaceutical manufacturer May & Baker Nigeria Plc rose 9.94 per cent to settle at N52.00. Hospitality counter Transcorp Hotels Plc completed the top five gainers’ list with a 9.92 per cent growth, closing at N7.76.

Conversely, NCR Nigeria Plc topped the laggards’ chart, shedding 9.99 per cent to close at N161.20 per share from its previous close of N179.10. Zichis Agro Allied Industries Plc also declined 9.99 per cent to settle at N26.49, while international marketing firm IMG Plc dropped 9.93 per cent to close at N38.10.

Sovereign Trust Insurance Plc lost 9.93 per cent to close at N2.65, and media firm Daar Communications Plc shed 9.78 per cent of its value to close the day at N2.03.

Meanwhile, high-capitalisation blue-chip stocks, including MTN Nigeria Communications Plc, Dangote Cement Plc, Julius Berger Nigeria Plc, Guinness Nigeria Plc, and Cadbury Nigeria Plc, closed flat for the session. The stall reflected a cautious stance among institutional investors holding positions in heavyweight counters.

Overall, trading activity maintained a balanced but slightly negative tone, as market participants continued to engage in selective positioning amid profit-taking in recent gainers and strategic rotation into defensive consumer and industrial plays.

Reviewing previous market drivers, the Head of Research at GTI, Abiodun Ogunniyi, noted that sector-specific momentum had largely anchored market volumes.

“Last week, robust activity in Finance, ICT, and Services drove market turnover, with FBN Holdings, UBA, and Chams as the top three traded equities,” Ogunniyi said.

Looking ahead to trading expectations for the rest of the week, the research head pointed towards emerging bargain-hunting opportunities on specific tickers despite the initial downswing.

Ogunniyi added, “This week, we expect selective interest in The Initiates PLC, ZICHIS, and ARADEL following recent profit-taking pressures, alongside a potential rerating of Meyer. Overall sentiment should remain cautiously positive as investors continue to track selective names for early-week positioning.”

Market analysts added that overall investor sentiment remains stable, with market participants expected to closely monitor upcoming corporate quarterly earnings releases and macroeconomic signals for clearer directional cues in subsequent sessions.

Sterling Financial crosses N4tn asset threshold in Q1 2026

Sterling Financial Holdings Company PlcSterling Financial Holdings Company Plc has sustained its aggressive growth trajectory, with its total assets crossing the historic N4tn threshold for the first time in the first quarter ended 31 March 2026.

According to the group’s latest financial statements, total assets hit N4.07tn in Q1 2026, building on the N3.91tn closed at the end of the 2025 financial year.

The holding company also published its audited full-year 2025 results, revealing an 89.2 per cent surge in profit before tax to N86.8bn, up from the previous year.

Profit after tax for FY2025 similarly grew 74.8 per cent to close at N76.3bn, driven by a historic 44.4 per cent rise in gross earnings to N486.8bn.

The strong performance trickled directly into Q1 2026, where gross earnings rose 41.6 per cent year-on-year to N134.8bn, while profit before tax climbed 52.8 per cent to N27.9bn.

Additionally, the successful completion of the group’s recapitalisation programme pushed shareholders’ funds up to N542.5bn during the quarter.

Commenting on the milestone and the underlying drivers of the group’s performance, the Group Managing Director of Sterling Financial Holdings Company Plc, Yemi Odubiyi, said, “Our FY2025 and Q1 2026 results reflect continued growth across the Group’s core businesses, supported by disciplined execution, improved operating efficiency, and a strengthened capital position.

“The successful completion of our recapitalisation programme positions the Group for the next phase of growth across our commercial banking, non-interest banking, and wealth-management businesses.”

Looking toward the remaining quarters of the year, he added, “We remain focused on sustaining growth, strengthening our balance sheet and delivering long-term value across our diversified platform.”

The growth period highlights a critical phase in the holding company’s evolution, as the synchronised expansion of Sterling Bank Limited, The Alternative Bank Limited, and SterlingFI Wealth Management positions the group to effectively capture market share across multiple financial segments under a unified corporate framework.

The Nigerian Exchange Group Plc has intensified its investor education drive through a digital engagement initiative aimed at improving financial literacy and deepening retail participation in the Nigerian capital market.

The group recently hosted an X Space session themed ‘Follow the Fundamentals: A Beginner’s Guide to the Stock Market’, which reached over 5,000 users. The audience was largely composed of young Nigerians, first-time investors, and retail market participants seeking to better understand investment opportunities.

The session featured social media investment influencer Omiete Inko-Tariah, alongside representatives from Nigerian Exchange Limited and NGX Regulation Limited. It demystified key concepts around market operations, investor protection, and safe participation.

Beyond education, the event served as an open forum where retail investors engaged directly with market stakeholders on issues of confidence, transparency, and accessibility.

Speaking on the initiative, the Head, Group Communications and Partnerships at NGX Group, Clifford Akpolo, said, “Deepening retail participation is critical to building a more resilient, inclusive, and sustainable capital market.

“At NGX Group, we believe financial literacy is not just an educational responsibility; it is a strategic imperative for strengthening investor confidence, improving market accessibility, and expanding long-term wealth creation opportunities for Nigerians. Through digital platforms like this, we are leveraging innovation to connect with the next generation of investors and democratise access to market knowledge.”

The initiative forms part of NGX Group’s broader sustainability agenda under its Community pillar, which focuses on advancing financial literacy, inclusion, and economic empowerment through education-driven and stakeholder-focused programmes.

Following the success of this edition, NGX Group plans to sustain similar engagements as part of its ongoing commitment to strengthening investor confidence, deepening retail participation, and building a more resilient and inclusive investment ecosystem.

Dangote Refinery Reduces Jet Fuel Price To N1,650

Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) to N1,650 per litre from N1,750 per litre, in a move aimed at easing cost pressures on airlines and ensuring uninterrupted fuel supply across the country.
This is in addition to a 30-day interest-free credit facility backed by bank guarantees (BG) for marketers and airline operators and a shift from a dollar-denominated pricing structure to a naira-based model.
These interventions come amid growing concerns over the rising operational costs faced by domestic carriers, with aviation fuel accounting for a significant portion of airline expenses. Industry stakeholders have repeatedly warned that escalating Jet A1 prices were placing severe financial strain on operators and threatening the sustainability of flight operations.
The refinery’s decision is expected to provide relief to airline operators by lowering fuel procurement costs, improving operational stability, and supporting efforts to moderate airfares.