Business, governance stakeholders x-ray leadership in ‘uncertain times’

Stakeholders in business, governance and civil society gathered in Lagos at a one-day conference organised by Elite Club, focused on the theme ‘Leadership and Executive Presence: Leading in Uncertain Times.’

The conference x-rayed practical strategies for decision-making, resilience, and influence as leaders navigate economic volatility, policy shifts, and rapid global disruptions.

Speakers emphasised that executive presence in today’s environment goes beyond titles, requiring clarity of vision, emotional intelligence, and the ability to inspire trust amid uncertainty.

Keynote speakers and panellists drawn from the corporate, public and development sectors shared insights on crisis communication, adaptive leadership, and building high-performing teams.

Participants also engaged in interactive sessions on personal branding, stakeholder management, and leading through ambiguity.

In her opening remarks, the convener of the conference, Kelechi Oghene, explained that the conference was designed to equip both senior executives and emerging leaders with tools to stay grounded and drive results.

According to her, leadership today is being tested like never before, stressing that executive presence is not about having all the answers; it is about showing up with confidence, empathy, and the courage to make tough decisions when the path forward is unclear.

Speaking on ‘Leading through crisis without losing direction ‘, Managing Director, Zenith Carex International, Adelana Olamilekan described leadership as a key factor to drive any vision and dream, adding, ‘For any nation to be well governed, the rule of leadership cannot be ruined. Leaders play a very vital role in governing the citizens and directing the affairs of the citizens.

‘There are good leaders and bad leaders. When a nation is governed through good leaders, then the nation prospers. The same thing is also likened to every business.

‘When we have leaders that already have games of any organisation, be it the public or private sector, such organisations do well,

‘There are a lot of situations that have to come when leading. Whether you are leading people in an organisation, in government offices, or even among citizens. We know that times are a bit challenging at the moment, and our business is also human.

‘As human beings, we could fall ill at any point in time. We are vulnerable. The same way we fall sick, we get treated, and we become okay. The same thing is also likened to any business. So, in a situation like this, it is expected that every organisation has to navigate. ‘They have to look at their company policy and corporate governance to ensure that certain decisions that will be taken will be such a decision that can reposition the company for profitability and also ensure certain risks.

‘Certain negative risks are not taken at this time, and also certain investments that are not viable should not be taken at this time. If all these are put into consideration, I think it’s very easy for everyone to navigate.’

Speaking on ‘Leading in uncertain times’, founder of Rinwa Reality, Adunni Rinwa, urged business leaders to prioritise transparency, adaptability, and people-first decision-making.

He noted that in periods of economic volatility and policy shifts, organisations that communicate clearly with staff and customers, while remaining flexible in operations, are better positioned to stay resilient and maintain public trust.

The conference ended with a call to action for participants to translate insights into practice within their organisations and communities.

Organisers said Elite Club will continue to host platforms that develop ethical, forward-thinking leaders equipped to drive impact across Nigeria and beyond.

It is interesting to note that Elite Club is a professional network of executives, entrepreneurs, and emerging leaders committed to excellence in leadership, governance, and service.

Through conferences, masterclasses, and mentorship programmes, the Club provides a platform for knowledge exchange, capacity building, and peer collaboration aimed at shaping the next generation of leaders in Nigeria and across Africa.

Two ‘Area Boys’ – (Continuation of Part II)

As Chairman and CEO from inception until his retirement from executive duties in 2002, Ogunlana oversaw the company’s evolution into a prominent insurance broking and consulting firm, guiding its growth amid Nigeria’s evolving regulatory landscape. Under his leadership, SCIB expanded its service offerings to include comprehensive risk advisory and broking solutions, adapting to post-indigenisation policies that emphasised local participation in key industries. The firm’s commitment to integrity, knowledge, and corporate governance-core principles instilled by Ogunlana-helped it navigate challenges such as foreign divestments, including Standard Chartered Bank’s global exit from non-banking operations, which led to the adoption of the SCIB name.

Ogunlana’s ongoing role as non-executive chairman has sustained SCIB’s influence, with the company marking its 40th anniversary in 2018 by setting ambitious goals for regional expansion and aiming to become Africa’s leading broker. His vision has contributed to elevating industry standards through emphasis on professional development, aligning with his broader efforts as a founding member and past president of the Chartered Insurance Institute of Nigeria. This legacy has positioned SCIB as a benchmark for ethical practices and training initiatives in Nigerian insurance.

Philanthropic activities

Following his retirement from full-time employment in the insurance industry in 2002, Olabode Ogunlana established and continues to support an insurance training centre in his hometown of Ogere Remo, Ogun State, Nigeria. Initiated in 1985, the centre was originally designed to equip young Nigerians with skills to become chartered insurance practitioners, but it has since broadened to provide management training across various sectors. Now managed by his son, Solanke, the facility remains operational as a community resource for professional development, reflecting Ogunlana’s commitment to youth empowerment through education and skill-building. Ogunlana has also extended his philanthropic efforts to Scouting initiatives on an international scale.

As a long-time board member of the World Scout Foundation, he has contributed to global youth development programmes, leveraging his extensive experience as Nigeria’s former Chief Commissioner of the Boy Scouts of Nigeria and Chairman of the Africa Scout Region to support educational and leadership opportunities for young people worldwide.

‘These efforts aim to educate and empower communities by reinforcing cultural identity and addressing historical injustices.’

His involvement underscores a dedication to fostering moral and practical growth among youth, principles he has championed throughout his life. In community projects, Ogunlana has actively promoted Yoruba culture and heritage as a means of cultural preservation and empowerment. Since the mid-1970s, he has worn traditional Yoruba attire exclusively-even during international engagements, such as meetings with British royalty-to encourage cultural pride among Nigerians, particularly the youth. He has conducted extensive research on Yoruba origins, culminating in ongoing doctoral studies and plans for publications on topics including the historical impacts of the slave trade and contemporary social issues like modern slavery. These efforts aim to educate and empower communities by reinforcing cultural identity and addressing historical injustices. Born in 1932, Ogunlana demonstrated a commitment to lifelong learning in his later years, returning to formal education after his retirement in 2002 by enrolling in a refresher course in fine arts at the Institute of Fine Arts Academy. This pursuit built on his earlier postgraduate studies in the UK and aligned with his cultural research, exemplifying his belief in continuous personal and communal growth even into advanced age.

ENGR. DR E. J. AMANA, OON, KJW

Born on December 11, 1938, in Oyubia, Akwa Ibom State. Engr. Dr Edet James Amana attended Methodist College, Uzuakoli, and Kings College, Lagos, before proceeding to Imperial College, London, where he attained his B.Sc in Civil Engineering (First Class Honours) in 1963/64 and Ph.D in Structural Engineering later.

On graduation, he worked as a senior engineer in the Consulting Office of Flint and Neill and Sir Bruce White Wolfe Barry and Partners Consulting Engineers, both in London between 1966 and 1969. His work in the UK was in general civil and structural engineering design and consultancy. Notable among his projects are the 1000 ft Crystal Palace Television Mast (1966-1968) and his prize-winning design of the Hogarth Temporary Flyover, London. He was also involved in the design of port and harbour works, including the port of Dammam. The Port of Dammam (officially known as King Abdulaziz Port) is located on the coast of the Arabian Gulf in Saudi Arabia’s Eastern Province, roughly 5 nautical miles off the coast and just south of Ras Tanura.

The prominent Nigerian civil engineer Chief Dr Edet James Amana (Engr. Dr E. J. Amana) consulted on the Port of Dammam early in his career, conducting port and harbour structural work before founding the Amana Consortium Limited.

From 1969 to 1972, he was a senior engineer with Shell-BP Petroleum Development Co. Ltd., where he applied his experience to the design of civil engineering facilities for the oil industry.

O’Neill’s Celtic through to Scottish League Cup quarter finals

Martin O’Neill’s Celtic eased past Dundee United with a 4-0 victory to reach the Scottish League Cup quarter-finals.

O’Neill returned to the Celtic dugout after missing last weekend’s Scottish Premiership victory over Kilmarnock following a brief hospital stay.

First-half goals from Auston Trusty and Camilo Duran put the visitors in control, and Sebastian Tounekti scored from a counter-attack.

Benjamin Nygren added a fourth as Celtic eased into the last eight of the League Cup.

United struck the woodwork five times but could not find a way through and will be left to rue both their profligacy and defensive slackness.

Dundee’s cause was hampered by the loss of captain and striker Simon Murray to a knee injury during the first half of the second-round tie.

League One side Ross County shocked Dunfermline with a 2-1 win to progress to the last eight.

Richard Chin’s late strike secured the victory after Liam Lindsay had put them ahead after the break.

Allan Oyirworth pulled Neil Lennon’s Pars level with just 10 minutes to play, but Chin smashed the ball into the net in the 85th minute to secure County’s place in Sunday’s quarter-final draw.

Kilmarnock were first through to the quarter-finals on Friday night when Nicky Clescenco scored a dramatic late winner as they came from behind to beat Ayrshire rivals Ayr United 3-2.

Killie had suffered back-to-back defeats coming into the match and found themselves behind early on as Owen Stirton volleyed home before Joe Hugill equalised.

Ross Taylor’s sublime finish then stunned the home fans, but Michael Schjonning-Larsen scored an impressive solo goal of his own to make it 2-2 with 10 minutes remaining.

With the match seemingly heading towards an extra 30 minutes, the hosts completed the comeback when Clescenco showed superb composure to dink the ball home after Ayr goalkeeper Harry Stone had spilt a deep cross.

SMEDAN targets 100,000 young Nigerians with new entrepreneurship programme

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched a new entrepreneurship initiative targeting more than 100,000 young Nigerians annually with training, mentorship, access to finance, market opportunities and business development support.

The initiative, known as the Building Resilient Young Nigerian Entrepreneurs (BRYNE) Project, was announced as part of SMEDAN’s activities to mark International Youth Day 2026.

According to a statement issued by SMEDAN’s Corporate Affairs Unit, the programme will combine physical and digital interventions to support young Nigerians at different stages of entrepreneurship.

Charles Odii, Director-General and Chief Executive Officer of SMEDAN, said the initiative was designed to address the challenges faced by young people with business ideas and existing enterprises.

‘Across the country, we meet young people with ideas, skills and businesses that can grow, but many still struggle to find the right support at the right time,’ Odii said.

He said BRYNE would bring together opportunities in training, incubation, finance, market access and mentorship to enable more young Nigerians to establish sustainable businesses and create jobs.

Bimpe Fawale, Deputy Director and Head of SMEDAN’s Women and Youth Unit, said the programme would be implemented through four major channels aimed at reaching young entrepreneurs in communities, tertiary institutions and online.

Under the SMEDAN Incubation Programme (SIP), the agency plans to support 600 young entrepreneurs annually in sectors including fashion, woodwork and agriculture.

The programme will leverage SMEDAN’s network of Industrial Development Centres across the country to provide enterprise development support to beneficiaries.

According to the statement, another component, the Campus Enterprise Engagement Platform, will be implemented in collaboration with the Federal Ministry of Education to extend entrepreneurship support to tertiary institutions.

The platform will provide practical business workshops, advisory sessions, networking opportunities and exhibitions for student-owned businesses, with up to 3,000 participants targeted per participating campus.

The BRYNE Digital Connect (BDC) will provide entrepreneurship education through digital platforms while promoting discussions around innovation and business growth.

The platform will also showcase youth-led and grassroots businesses, connect entrepreneurs to wider markets and create online communities focused on enterprise development.

SMEDAN will also introduce a weekly hackathon for young startups, providing business education and enterprise opportunities to 5,000 young entrepreneurs.

Under the initiative, 52 selected winners will receive N250,000 each in seed funding, with one winner selected every week.

Fawale said the different components of BRYNE were designed to address the varying needs of young entrepreneurs depending on their stage of business development.

‘Some need help turning an idea into a business. Others already have businesses but need finance, mentorship, better market access or the right information to take the next step,’ she said.

She said the programme would connect young entrepreneurs with practical support suited to their individual needs.

Beyond training and seed funding, SMEDAN said beneficiaries would also be linked to opportunities for business formalisation, funding, mentorship, investor and market linkages, business information and export support through the agency and its partners.

The agency said BRYNE builds on its broader efforts to increase the participation of young Nigerians in the economy by providing promising entrepreneurs with the tools and support needed to build, sustain and expand their businesses.

SMEDAN said the programme would provide a structured pathway for young Nigerians to move from business ideas and early-stage ventures to sustainable enterprises capable of creating jobs and contributing to economic growth.

FG reaffirms commitment to prioritising security, Nigeria diaspora

The Federal Government has reiterated its commitment to prioritising security and harnessing the Nigerian diaspora as a critical asset for national development.

The Minister of State for Foreign Affairs, Amb. Sola Enikanolaiye, reiterated the commitment in a statement by Richard Elesho, his Special Assistant on Media and Strategic Communications.

Enikanolaiye spoke at the Nigerian Diaspora Economic Conference on Saturday night in Toronto, Canada.

He also expressed the Federal Government’s pledge to deepen strategic partnerships anchored on mutual respect and trust to achieve the desired goal.

According to the Minister, security remains a major challenge, and the government is willing to do everything humanly possible to contain the scourge in a multifaceted manner.

He said that Nigeria was entering a new era of partnership of strategic autonomy with key international partners, including the U.S.

‘I came in from Washington only yesterday. I was privileged to have been part of the team meeting with the Americans.

‘This engagement is aimed at delivering core, concrete, positive outcomes for Nigerians in terms of security, in terms of prosperity, in terms of defence and the welfare of the Nigerian people,’ he said.

On the Nigerian diaspora, the minister said that under the leadership of President Bola Tinubu, the government viewed Nigerians abroad not as a burden, but as vital contributors to national progress.

‘For this government, Nigerians in the diaspora are critical assets of national development.

‘We see you as vital human resource capacity for Nigeria which government is trying to harness, in terms of our national development priorities,’ the Minister said.

He reiterated the need for stronger unity among Nigerians at home and abroad, urging citizens to break down barriers of ethnicity, religion, and tribe.

‘We are aware of the trust deficit that exists among Nigerians. Let us try and break those barriers of ethnicity, barriers of religion, barriers of tribe.

‘Let us relate to the functional aspect of cooperation that promotes production, that promotes development, that promotes growth and prosperity unto Nigeria,’ he said.

He commended the role of Canada and other partners in fostering more productive partnerships in the ways of mutual respect and cooperation, as well as stakeholders’ contribution to Nigeria’s development.

EFCC recovers $60m in ongoing Nestoil investigation

Olanipekun Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), has recorded a breakthrough in the commission’s ongoing investigation into the alleged criminal aspects of transactions involving Nestoil Limited and a consortium of its lenders.

At a meeting convened and chaired by Olukoyede, a structured repayment plan was agreed between Nestoil Limited and the consortium of lenders as part of efforts to recover outstanding indebtedness. The agreement has already yielded significant results, with $60 million recovered from Nestoil Limited and paid to the consortium during the course of the investigation.

The payment by Nestoil, facilitated by a team of operatives from the EFCC Lagos Zonal Directorate 2 led by Oguzi Moses, the head of Investigation, represents a significant milestone in the commission’s commitment to promoting accountability, protecting the interests of financial institutions, and safeguarding depositors’ funds.

While welcoming the payment as an encouraging development, the consortium of lenders noted that it represents only the first phase of the repayment process, as a substantial portion of the outstanding debt remains to be settled. The lenders reaffirmed their commitment to working closely with the EFCC and other relevant stakeholders to ensure the seamless continuation of the recovery process until the outstanding indebtedness is fully liquidated.

The lenders also reiterated their commitment to supporting the EFCC by providing all relevant documents required for the diligent prosecution of the investigation, while ensuring that all parties comply with the law and that the recovery process remains lawful, transparent, and commercially responsible.

The EFCC reaffirmed its resolve to pursue the investigation to its logical conclusion and to ensure the full recovery of depositors’ funds in accordance with the law.

Nigerians task politicians on issue-based engagements as campaign kicks off August 19

With the 2027 election campaigns set to officially open on August 19, Nigerians are mounting pressure on presidential and National Assembly candidates to move beyond personality attacks, ethnic and religious mobilisation and incendiary rhetoric, demanding instead that politicians tell voters how they intend to fix the country’s worsening economic hardship, insecurity, unemployment and declining living standards.

The demands came as the political class enters the most consequential phase of the 2027 electoral cycle, with the presidential and National Assembly campaigns scheduled to begin on August 19 ahead of the January 16, 2027 polls, while campaigns for the governorship and State Houses of Assembly will commence on September 9 ahead of the February 6, 2027 elections.

With memories of violence, hate speech and bitter personality-driven campaigns from previous elections still fresh, Nigerians who spoke to BusinessDay warned that the 2027 contest must not become another battle of insults, ethnic calculations and character assassination.

Instead, they want candidates to place the economy, security, jobs, poverty, education, healthcare, infrastructure and the welfare of ordinary citizens at the heart of their campaigns.

Nigerians have also challenged political parties to go beyond slogans and make specific, measurable commitments, explaining not only what they intend to do if elected but how they plan to achieve it.

For many voters, the August 19 commencement therefore represents more than the formal opening of political campaigns; it is the beginning of a test of whether the country’s political class can shift electoral competition from personalities and identity politics to competence, ideas and solutions.

Nigerians who spoke to BusinessDay said politicians must recognise that the electorate is increasingly interested in solutions to worsening economic hardship, insecurity, unemployment, poverty and deteriorating public services.

Pharmacist Ahmed Adamu Babawuro, a lecturer at the Faculty of Pharmaceutical Sciences, Ahmadu Bello University (ABU), Zaria, said the 2027 campaign should be vigorous, robust and firmly anchored on issues affecting Nigerians.

He urged political parties and their candidates to go beyond personality attacks and present practical solutions to the country’s pressing challenges, particularly the development of the pharmaceutical industry.

Babawuro said the campaign should provide candidates with an opportunity to explain how they intend to strengthen local pharmaceutical manufacturing, improve access to quality and affordable medicines and reduce Nigeria’s dependence on imported drugs.

He said political competition should ultimately be about ideas, competence and service to Nigerians.

Similarly, Unom Samuel Shiaondo, a retired civil servant, warned political actors and their supporters against campaign violence and hate speeches, saying Nigerians should be allowed to choose their leaders without fear or intimidation.

Speaking in a telephone interview with BusinessDay, Unom said Nigeria’s democracy could no longer be described as nascent, stressing that the destruction of lives and property during political campaigns and contests should have no place in the country’s democratic development.

‘There should be no violence. We expect to see a peaceful campaign from the political actors and gladiators. They should caution their supporters against violence. Violence does no one any good,’ he said.

Unom added that political parties, security agencies and the Independent National Electoral Commission must conduct themselves in a manner that would protect the integrity of the electoral process.

‘Democracy is a game of interest, so all parties and security agencies should conduct themselves in order and allow Nigerians to make their choices. INEC must also be neutral in all these, to allow for a free, fair and credible electoral process,’ he said.

His position came against the background of concerns that the 2027 contest could reproduce some of the most damaging features of previous elections, when inflammatory speeches, personality attacks, ethnic mobilisation and religious sentiments contributed to heightened tensions, violence and deep divisions among citizens.

Jackson Lekan Ojo, a political analyst, said the central challenge before the political class was to move the 2027 campaign away from personalities and identity politics and towards practical solutions to Nigeria’s problems.

Ojo said the economic and security crises confronting Nigerians had provided sufficient lessons for politicians and voters alike, arguing that candidates should no longer assume that the electorate would be satisfied with empty political rhetoric.

‘I believe our electorate are more sophisticated now. The economic hardship and worsening security situation have taught Nigerians important lessons, and they are better positioned to demand accountability and credible solutions from those seeking their votes,’ Ojo told BusinessDay.

‘What Nigeria needs now is issue-based kind of electionary evangelism. What you are going to do for the people, look at the situation of Nigeria, look at what we are going to do to improve the situation, to make us live, to come back and live in El Dorado,’ he said.

Ojo warned that candidates who resort to personal attacks, religious sentiments and ethnic mobilisation would be doing the country a serious disservice. He also rejected the argument that the 2027 election should be determined primarily by considerations of whether it was the ‘turn’ of a particular region.

‘If you go to any hospital, do you ask if that doctor that is going to treat you is a Muslim or from the North or from the West or from the South? No. The best doctor is the one that we need now,’ he said.

Ojo said the same principle should guide the choice of political leaders, arguing that Nigerians needed candidates capable of rebuilding the economy, reducing poverty and improving living conditions.

‘Anybody that can engineer our economic system now, anybody that can treat the poverty now, that is the kind of person we want. The person should be ready to tell Nigerians what he is going to do and how he is going to do it,’ he said.

Gabriel Mvendaga, a transporter from Taraba State, said politicians should use the campaign period to explain how their policies would affect ordinary Nigerians rather than spend valuable time attacking one another. He said the cost of living, fuel prices, transportation costs and insecurity were among the issues that would matter most to ordinary voters.

Also, Major Charles, from Edo State, an automobile mechanic operating on the outskirts of Abuja, urged candidates to focus on policies that could improve the livelihoods of artisans, mechanics, traders and other informal-sector workers.

He said political campaigns should provide concrete answers on employment, infrastructure, electricity and access to affordable credit rather than become platforms for exchanging insults.

Wongcit Nanyi Mamdat, from Plateau State and working in Abuja, said politicians should be restrained in their choice of words, particularly because inflammatory statements could deepen existing ethnic and religious tensions.

She urged political parties to tell Nigerians how they intended to address insecurity and create an environment in which citizens could live and conduct their businesses safely.

Blessing, a student at the Bingham University in Nasarawa State, told BusinessDay that young Nigerians should be central to the 2027 campaign conversation.

She said political parties should present clear plans on education, employment, digital opportunities and entrepreneurship instead of treating young people merely as campaign crowds and social-media promoters.

Blessing said politicians must understand that young Nigerians were tired of promises that were not matched by actions, and urged candidates to present measurable programmes and explain how they intended to implement them.

Analysts say the 2027 campaign therefore presents political parties with an opportunity to change the character of electoral competition by making policy debates, accountability and competence central to the contest. It also places responsibilities on the candidates, their supporters, security agencies, the media and INEC to ensure that political competition does not become a trigger for violence.

Professor Joash Amupitan, chairman of the Independent National Electoral Commission (INEC), has also stressed the need for peaceful conduct throughout the electoral process, saying the success of the 2027 elections is a collective responsibility that requires the commitment of political parties, security agencies, the media, civil society organisations and the electorate.

As the August 19 campaign commencement draws closer, the 2027 contest presents politicians with a test that goes beyond their ability to mobilise crowds or win votes. They are expected to demonstrate that they have workable solutions to Nigeria’s economic hardship, insecurity, unemployment, poverty and deteriorating public services, and clearly explain what they intend to do, how they will do it and how Nigerians can hold them accountable.

The Industry Newspaper unveils 2026 ‘Top 50’ Nigerian Companies of Impact

The Industry Newspaper has unveiled the 2026 edition of The Industry’s Top 50 Nigerian Companies of Impact – its annual authoritative ranking of organizations delivering measurable value to Nigeria’s economy, people, and future.

In a statement by the Editor-in-Chief of The Industry Newspaper, Goddie Ofose, the statement said, ‘Now in its 4th year, the 2026 list is curated under the theme ‘Building Resilience, Driving Growth: Nigerian Companies Shaping the Next Decade.’ It recognizes companies that have not only weathered macroeconomic headwinds but have also invested in innovation, infrastructure, people, and communities to secure long-term growth.

This year’s honorees cut across Banking and Financial Services, Energy and Oil and Gas, Manufacturing, FMCG, Retail, Technology, Media, Healthcare, Logistics, Advertising, and Experiential Marketing.

The official unveiling will be marked by a business forum, induction, and award presentation in Lagos on this week. The event will feature a keynote address by the newly elected President of the Advertisers Association of Nigeria (ADVAN)/Senior Special Assistant, Digital/New Media to the President of the Federal Republic of Nigeria, O’tega Ogra, a leading voice in public affairs, corporate communications, and nation-building.

Nigeria’s inflation eases for second straight month to 15.43%

Nigeria’s headline inflation rate eased slightly to 15.43 percent in July 2026, from 15.91 percent recorded in June, even as food inflation rose to 20.31 percent from 17.52 percent, the National Bureau of Statistics (NBS) report has shown.

According to the report published on Monday, the July headline inflation rate was also lower than the 24.94 percent recorded in July 2025.

The Bureau attributed the rise in food inflation to changes in the average prices of crayfish, fresh pepper, fresh onions, fresh carrots, rice, water yam, fresh tomatoes, garri, plantain, beef, eggs, guinea corn, ginger and plantain flour, among others.

BusinessDay’s analysis of the report showed that food inflation on a year-on-year basis was highest in Adamawa at 51.36 percent, followed by Katsina at 30.84 percent and Zamfara at 30.65 percent. Borno, at -0.31 percent, Nasarawa at 6.88 percent and Kebbi at 12.50 percent recorded the slowest rises in food inflation.

On a month-on-month basis, July 2026 food inflation was highest in Adamawa at 17.02 percent, Lagos at 13.48 percent and Borno at 13.26 percent, while Jigawa at -3.60 percent, Kebbi at -3.67 percent and Bauchi at -1.85 percent recorded the lowest rates.

The NBS stated that the month-on-month headline inflation rate in July 2026 was 1.57 percent, representing a 0.09 percentage point decline from the 1.66 percent recorded in June.

At the divisional level, the three major contributors to headline inflation were food and non-alcoholic beverages, restaurants and accommodation services, and transport.

The least contributors were recreation, sport and culture; alcoholic beverages, tobacco and narcotics; and insurance and financial services.

Core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 14.97 percent in July 2026 on a year-on-year basis.

On a month-on-month basis, core inflation was 0.15 percent in July 2026, down by 1.51 percentage points compared to June 2026.

On a year-on-year basis, the urban inflation rate in July 2026 was 16.12 percent. On a month-on-month basis, the urban inflation rate was 1.90 percent in July 2026, down by 0.23 percentage points from 2.13 percent recorded in June.

The rural inflation rate stood at 13.77 percent in July 2026 on a year-on-year basis. On a month-on-month basis, rural inflation rose to 0.78 percent, up by 0.25 percentage points from 0.52 percent in June.

The NBS report showed that the all-items inflation rate on a year-on-year basis was highest in Adamawa at 33.03 percent, Yobe at 25.21 percent and Anambra at 23.99 percent.

Nasarawa at 7.86 percent, Kebbi at 9.12 percent and Borno at 9.12 percent recorded the lowest increases in headline inflation on a year-on-year basis.

On a month-on-month basis, July 2026 recorded the highest headline inflation increases in Adamawa at 12.48 percent, Anambra at 9.95 percent and Delta at 9.54 percent.

Niger at -5.86 percent, Enugu at -5.71 percent and Kebbi at -4.89 percent recorded the lowest month-on-month inflation rates, according to the report.

Osun Police warn against forceful takeover of LGAs

The Osun State Police Command has warned individuals and groups against any attempt to forcefully take over the affairs or premises of local government areas in the state, saying such action would constitute a serious breach of the peace and security of the state.

Samuel Etaifo Erale, Commissioner of Police (Election), gave the warning in a statement issued by Abiodun Ojelabi, police public relations officer of the command, on Monday.

The command said it had noted reports of plans by some individuals or groups to forcefully take over the affairs and premises of local government areas, despite the matter being before the court.

Srale said, ‘the Police Command wishes to state clearly that no individual, political group, or association has the right to resort to self-help or the use of force to assume control of any Local Government Area or public institution while judicial proceedings are ongoing.’

He urged all parties to exercise patience and allow the courts to determine the matter in accordance with the law.

The police warned that any attempt to forcibly occupy or disrupt local government facilities would be viewed as a serious breach of the peace and dealt with decisively, including the arrest and prosecution of those found culpable.

‘Parents, community and traditional leaders, political and youth leaders, and other stakeholders are enjoined to counsel their supporters against acts capable of undermining the peace and security of the State,’ the statement reads.

Erale called on residents to remain calm, respect the rule of law and allow the judicial process to run its course, assuring that the police would continue to protect lives and property and maintain peace and public order across the state.