02.08.2026

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HOUSE OF REPS WARNS EFCC: STOP PROFILING CRYPTO TRADERS AS FRAUDSTERS

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The Nigerian House of Representatives has issued a direct warning to law enforcement agencies, telling them to stop profiling cryptocurrency traders as fraudsters. Lawmakers at Monday’s crypto regulation hearing said the era of “innovation by suspicion” must end — urging the EFCC and NFIU to evolve from intimidation to intelligent oversight....

OBA OF BENIN DRAWS LINE OVER MOWAA TUSSLE — “HISTORY WILL NOT REPEAT ITSELF”

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Oba Ewuare II of Benin has vowed that “history will not repeat itself” amid fresh controversy over the Museum of West African Art (MOWAA). The monarch accused former Edo Governor Godwin Obaseki of attempting to sideline the Benin Kingdom from the custody of returned artifacts, drawing international attention to Nigeria’s heritage politics....

15% Fuel Import Duty Sparks Economic Shockwave — Marketers Warn of Price Surge, Otedola Backs Tinubu Policy

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Nigeria’s 15% import duty on petrol and diesel has ignited fierce debate across the energy sector. While billionaire investor Femi Otedola applauds the move as a shield for local refiners, independent marketers warn it could send pump prices above ₦1,000 per litre. The presidency insists the measure will stabilise the market and boost energy security....

The Tariff Gamble — Inside Tinubu’s 15% Fuel Import Duty and the War for Nigeria’s Refining Future

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The Federal Government’s approval of a 15% import tariff on petrol and diesel is reshaping Nigeria’s oil market. Beyond the headlines lies a calculated economic gamble to fortify local refining, restore forex stability, and tilt power away from foreign traders...

⚕️ Health Experts Warn: Nigeria’s Medical System Near Collapse as ‘Japa’ Exodus Deepens

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Health experts have warned that Nigeria’s medical system faces near collapse as thousands of doctors and nurses continue to emigrate abroad. Speaking at the Olikoye Ransome-Kuti Memorial Lecture, speakers blamed chronic underfunding, poor pay, and corruption, as resident doctors threaten a nationwide indefinite strike beginning November 1, citing ₦38 billion in unpaid allowances....

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