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Thursday, May 28, 2026

Economy

May 24, 2026

Ponzi Scheme: U.S. seeks civil forfeiture of Goliath Ventures CEO Christopher Delgado’s real properties, vehicles

Mr Delgado’s scheme involved soliciting victims to invest substantial sums of money under false and fraudulent promises of monthly returns.

Christopher Delgado
May 24, 2026

$18 million paid to U.S. workers harmed by Apple’s hiring, recruitment practices

“The Civil Rights Division will keep fighting for U.S. workers and will hold companies accountable for favouring temporary visa holders for American jobs,” said a DOJ official.

May 23, 2026

Nigerian Railway Corporation raises alarm over renewed nationwide attacks on rail infrastructure

He described the development as disturbing and a direct attack on critical national infrastructure.

Kano-Daura rail project
May 23, 2026

Tin-Can Customs records ₦1.6 trillion revenue

The command exceeded its 2025 revenue target of N1.524 trillion.

Nigeria Customs Service (NCS)
May 23, 2026

Navy foils attempt to revive illegal crude oil refining network in Rivers

About 260,000 litres of products suspected to be crude oil and 405,000 litres of illegally refined Automotive Gas Oil (AGO) were discovered across the site.

Nigerian Navy
May 23, 2026

LASCOPA raises alarm over circulation of adulterated palm oil in Lagos

He said investigations revealed the presence of contaminated and artificially enhanced palm oil in markets across the state.

Palm oil (Credit: House food)
May 22, 2026

Nigeria Customs, China partner to boost trade 

He described China as Nigeria’s biggest trading partner.

Nigeria Customs Service (NCS)
May 22, 2026

FG to sanction MDAs, suppliers over breach of local vehicle procurement policy 

He said prioritising locally assembled vehicles in government procurement would strengthen industrial capacity.

May 22, 2026

Lagos generates N2.6 trillion in revenue, maintains stable debt profile

He said the fiscal stability was driven by prudent financial management, disciplined borrowing and digital tax reforms.

Babajide Sanwo-Olu
May 22, 2026

Court voids eNaira Ltd’s name, awards N10 million fine in CBN’s favour

The judge ordered the eNaira Payment Solutions Ltd to immediately change its name to another distinct name without the use of naira.

Central Bank of Nigeria Logo