As GDP Growth Hits 4.43%, Tinubu Vows to Turn Recovery into Household Prosperity Declares economic expansion signals end of economic stabilisation phase Services accounted 56.62%, agriculture 26.15%, industries 17.23 amid manufacturing contraction Oil accounted for 4.16% as production increases to 1.72 mbpd James Emejo in Abuja
President Bola Tinubu on yesterday declared that the Nigerian economy
had moved beyond the difficult phase of stabilisation, as the country’s Gross Domestic Product (GDP) growth rate accelerated to 4.43 per
cent in the second quarter of the year (Q2 2026) compared to 3.89 per cent in the preceding quarter. According to the GDP Q2 2026
Report released yesterday by National Bureau of Statistics (NBS), the growth rate also surpassed the 4.23 per cent recorded in the
corresponding quarter of 2025. The improvement was driven largely by stronger performances in agriculture and services, although
the industrial sector recorded a sharp moderation in growth during the Continued on page 9
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Duane ‘Keffe D’ Davis Found Guilty of 1996 Murder of Tupac Shakur... Page 10
Court Restrains NMDPRA from Shutting Down, Interfering with Dangote Refinery Questions regulatory powers in free zone
Wale Igbintade
A Federal High Court in Lagos has
restrained Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) from enforc-
ing its directive suspending the loading and truck-out of petroleum products from Dangote Petroleum
Refinery. Justice Akintayo Aluko issued the interim injunction on Monday
in a fresh legal battle between the refinery and the petroleum regulator over NMDPRA’s regulatory powers within the free zone where the refinery operates. The court also restrained
NMDPRA, its officers, agents, and representatives from entering, sealing, shutting down, restricting access to, obstructing, suspending, Continued on page 9
EFCC: We’ve Recovered N1.23trn, $684m, 1,177 Real Estate Assets in 3 Years Secured 10,872 convictions, as cybercrime, advance-fee fraud account for nearly two-thirds of major offences Released N661.32bn, $492.37m to beneficiaries
Iyobosa Uwugiaren and Alex Enumah in Abuja Economic and Financial Crimes Commission (EFCC) has disclosed that it recovered N1.233 trillion, $684.48 million, £373,905.78, €9.34 million, and money in other foreign currencies for the federal and state governments, companies, individuals, and other beneficiaries between October 2023 and June 2026. Chairman of EFCC, Mr. Ola Olukoyede, made the disclosure yesterday during a media briefing on his three-year stewardship of the commission. Olukoyede attributed the feat to Continued on page 9
Olawepo-Hashim: N605 Petrol Only First Step to Affordable Energy... Page 26
OLUKAYODE’S THREE YEARS OF ACTION (Oct 2023 - June 2026) N1.23 trillion, $684m,
1,177 real estate assets recovered;
10,872 convictions secured