Nigeria Anchorage

Former Director-General of the Nigerian Institute of Medical Research (NIMR), Professor Innocent Achanya Ujah, is set to be inducted into the maiden Idoma Hall of Fame (IHOF) in recognition of his contributions to medicine, research and academic development. Ujah was selected under the D1-Academia and Intellectual Achievement category and formally notified in a letter dated September 4, 2026. Professor Innocent Achanya Ujah Idoma Hall of Fame inductee. The induction ceremony will hold on Thursday, October 15, at 12 noon at Peach Vine Event Centre, Wuye, Abuja, as part of activities marking the Idoma Centenary Plus Celebration. Ujah’s distinguished career includes serving as NIMR Director-General, the first president of the Nigerian Medical Association of Idoma extraction, and pioneer Vice-Chancellor of the Federal University of Health Sciences, Otukpo. The organisers said the Hall of Fame was established to identify, celebrate and immortalise outstanding Idoma personalities and frie...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that it does not fix the pump price of Premium Motor Spirit (PMS), popularly known as petrol, saying prices are determined by prevailing market conditions under the Petroleum Industry Act (PIA) 2021. The clarification comes amid renewed public concern over the recent increase in petrol prices and its impact on households, transport operators and businesses across the country. In a statement, the Authority said Section 205(1) of the PIA provides that wholesale and retail prices of petroleum products should be based on unrestricted free-market pricing conditions. According to the NMDPRA, it neither fixes petrol pump prices nor issues administrative price templates, while government intervention in pricing is restricted under Section 205(2)-(4) to exceptional circumstances where there is formal evidence of declared market failure. The Authority added that no such market failure had been declared. I...

 The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has warned Point-of-Sale (POS) operators across Nigeria against facilitating fraud, money laundering, terrorist financing and ransom payments. Olukoyede issued the warning on Wednesday, September 16, 2026, when a delegation of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), led by its National President, Oti Obioha, visited the EFCC headquarters. Members of Money Agents operators at EFFCC office Abuja  Represented by his Chief of Staff, Commander of the EFCC, Michael Nzekwe, the EFCC chairman said the growing use of POS channels for illicit financial transactions required stronger regulation, documentation and accountability within the sector. He urged AMMBAN to establish a comprehensive framework for identifying and monitoring its members, including maintaining accurate records of operators and their business addresses. “We have realised that the issues of m...

  Commissioner Recognised for Transformative Road Projects, Infrastructure Development Gausau : The Commissioner for Works and Infrastructure in Zamfara State, Hon. Lawal Barau Bungudu , has received an Exemplary Leadership Award in recognition of his contributions to infrastructure development across the state. The award was presented by the Centre for Reform and Public Advocacy , in collaboration with Cruise Point Publisher , as a mark of appreciation for the Commissioner’s commitment to the development and rehabilitation of roads and other critical infrastructure. Hon. Lawal Barau Bungudu, Commissioner for development and infrastructure receiving an examplanry leadership Award in  his office in Gausau  The organisations commended Barau for his dedication to advancing the state’s infrastructure agenda, particularly through efforts aimed at improving roads, transportation networks and connectivity across Zamfara State.

Technology-driven facility offers 24-hour fuel dispensing, EV charging, car wash, LPG services NNPC Retail has commissioned its first technology-powered self-service smart station in Abuja, signalling a shift towards more automated, convenient and customer-focused fuel retailing in Nigeria. Located along Bill Clinton Drive on Airport Road, the 24-hour facility allows motorists to dispense fuel independently and pay for the exact quantity required, while offering a range of additional energy and mobility services. Speaking at the commissioning, the Executive Vice-President, Downstream, NNPC Ltd, Dr Mumuni Dagazau, described the facility as a reflection of NNPC Retail’s commitment to innovation, operational efficiency and improved customer experience.

Banks, Financial Institutions Face Heightened Scrutiny Over Suspicious Transactions, Sanctions Compliance By Okwo Romeon  ABUJA — The Central Bank of Nigeria (CBN) has elevated terrorism financing risk to a current supervisory priority, signalling tougher regulatory scrutiny of financial institutions as the apex bank moves to prevent Nigeria’s financial system from being exploited by illicit actors . The CBN, in a press release, said its strengthened supervisory focus would cover terrorism financing risk management , transaction monitoring , implementation of targeted financial sanctions and the reporting of suspicious transactions linked to terrorism financing. The apex bank said it would deploy a risk-based supervisory approach, including on-site and off-site engagements, to assess and strengthen Anti-Money Laundering, Countering the Financing of Terrorism and Counter-Proliferation Financing (AML/CFT/CPF) controls across the financial sector. The move comes as Nigeria deepe...

Nigeria’s economy recorded stronger growth in the second quarter of 2026, with real Gross Domestic Product (GDP) expanding by 4.43 per cent year-on-year, according to the Federal Ministry of Finance . The latest growth rate represents an improvement over the 4.23 per cent recorded in the corresponding quarter of 2025 and the 3.89 per cent growth posted in the first quarter of 2026. The ministry, in a statement issued in Abuja on Tuesday, said the Q2 performance raised real GDP growth for the first half of 2026 to 4.16 per cent, compared with 3.68 per cent recorded in the first half of 2025. It said the expansion was becoming more broad-based, noting that 27 economic subsectors recorded real growth of above three per cent in Q2 2026, compared with 23 subsectors during the same period in 2025. The productive sectors were among those that recorded notable improvements during the quarter. President Ahmed Bola Tinubu GCFR   Nigeria leader  Manufacturing growth rose to 3.24 per...