African airlines recorded the strongest cargo demand growth globally in May 2026, with traffic rising 13.3% year-on-year, according to the International Air Transport Association (IATA).
Nigeria’s pension fund assets rose to a record ₦31.32 trillion in May 2026, according to the National Pension Commission (PenCom) unaudited report.
The Federal Government has ordered petroleum marketers to reduce pump prices of Premium Motor Spirit (PMS) and other products to reflect the recent fall in global oil prices.
The Corporate Affairs Commission (CAC) and the Economic and Financial Crimes Commission (EFCC) have agreed to collaborate more closely to enforce the registration of Point of Sale (PoS) operators nationwide, amid concerns that unregistered agents are facilitating financial crimes.
The Federal Executive Council (FEC) has approved a combined ₦3.94 trillion for 25 major road projects across 10 states, alongside ₦286 billion for specialised maritime vessels to strengthen Nigeria’s port system.
Outstanding consumer credit in Nigeria fell sharply by ₦780bn in February 2026, dropping to ₦3.03tn from ₦3.81tn in January, according to the Central Bank of Nigeria’s (CBN) Economic Report.
