Nigerian economist and banker Tony Elumelu: “Foreign aid won’t transform Africa. Private capital will. Let’s stop talking about charity and start focusing on investments that deliver returns and development. “It doesn’t matter if capital comes from the West, China, or the Gulf. What matters are: fair returns, lasting impact; and mutual prosperity. That is smart investment.”
Dangote Refinery Slashes Petrol Gantry Price, Sparks Price War
In a significant move that could drive down pump prices across the country, Dangote Refinery has slashed its petrol gantry price to ₦825/litre, sparking a price war in Nigeria’s fuel market. This is coming days after the refinery claimed it’s not in competition with NNPC. Last month, the Dangote refinery gantry prices went from ₦880 to ₦865 to ₦830, from ₦955 in January 2025. The move, aimed at easing economic pressure, promote affordability for Nigerians, while aligning with President Tinubu’s recovery plans, has already forced NNPC to lower its own prices. Sources confirmed on Monday that the refinery has reduced...
Phone Cybercrime: Understanding the Threat and Legal Framework in Nigeria
By Aleke Francis AO Mobile phones in today’s digital world serve as indispensable tools for communication, financial transactions, and personal data storage. However, this growing dependence on mobile technology has also attracted cybercriminals who exploit vulnerabilities to commit fraud, identity theft, and unauthorized access to sensitive information. Among the various forms of phone-related cybercrime, SIM swapping has emerged as a significant threat, allowing criminals to hijack victims’ phone numbers and gain access to their personal and financial accounts. To combat these threats, Nigeria has enacted legislative measures such as the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015 and the National Data...
Outrage in Lagos Island as Isale Eko Students Wade Through Flooded School — Residents Urge Tokunbo Wahab to Demolish Ilubirin Estate Blocking Drainage Like Other Properties11th May 2025
Tension is mounting in the Isale Eko community of Lagos Island as students of Isale Eko Grammar School continue to endure dangerous learning conditions caused by years of stagnant floodwater submerging their school premises. For over eight years, the school has remained partially flooded, forcing students and teachers to wade through filthy, stagnant water daily, risking exposure to diseases and physical harm. The situation has drawn widespread condemnation from residents, parents, and education stakeholders, who blame the Lagos State Government’s Ilubirin Housing Estate project for blocking a critical drainage channel that previously allowed wastewater to flow freely into the Lagos...
JAMB To Identify Potential Technical Issue And Review Candidates’ Results
The Joint Admissions and Matriculation Board –JAMB—in a press release on Monday had agreed to check ‘potential technical issues’ and thus review its candidate result. This is coming after mass condemnation trailed the release of result on 9 May 2025, with some of their candidates coming online to challenge the examination body, alleging that the mark given was below expectation or too poor in some cases. With over 78% of 1.9M candidates scoring below 200, JAMB also withheld 39,834 results for suspected malpractices, with some people blaming educational underinvestment by government in the educational sector. “The Joint Admissions and Matriculation...
“Africa Must Lead The Conversations That Shape Africa’s Future.” Tony Elumele
“I am taking the message of Africapitalism, the power of youth entrepreneurship, and the criticality of infrastructure-led growth for Africa to 3 global venues — Dubai, Paris, and Doha.” Nigerian economist and banker, Tony Elumelu
