The National Drug Law Enforcement Agency (NDLEA) has seized 184.5 kilogrammes of cocaine from a courier company.

The anti-narcotic agency described the operation as its largest seizure of cocaine from a courier firm in its history.

Speaking during a press briefing in Lagos on Tuesday, NDLEA chairman,
Buba Marwa, said the agency arrested two suspects over the cocaine consignment.

The suspects are Afolabi Kazeem Micheal, a socialite popularly known as KC Luxury, and Lawal Kehinde, an employee of a logistics company.

The NDLEA chairman said the seized cocaine consignment is worth $27.7 million, which is approximately N39 billion.

Marwa said after the seizure, the agency worked with the management

1. Campaigns for the January 16 Presidential election officially kick off tomorrow in line with the guidelines of the Independent National Electoral Commission (INEC).

A survey by The Nation reporters indicated that leading political parties – the All Progressives Congress (APC), the Nigeria Democratic Congress (NDC) and the African Democratic Congress (ADC) – are not ready yet to go on the stump, nor are smaller parties. 

2. The Speaker of the Edo State House of Assembly, Mr Blessing Agbebaku on Monday resigned from his position amid reports of an impending impeachment by members of the assembly. Agbebaku announced his resignation during a dramatic plenary session, which was characterised by procedural disputes over who had the authority to preside over the sitting.

3. The Ondo State Police Command has arrested a man, Samuel Akoade, for allegedly hacking his mother, Mrs Olufunke Akoade to death in Ore, in Odigbo Local Government Area of the state. The incident reportedly occurred on Sunday at about 5 pm in the Powerline area of the community. It was gathered that the suspect allegedly attacked his mother with a machete, inflicting deep injuries that resulted in her death.

4. The Edo State Command of the National Drug Law Enforcement Agency has destroyed two cannabis plantations weighing 4,628.9kg, and arrested 10 suspected drug traffickers in separate operations across the state. This was disclosed on Monday by the state Commander of the NDLEA, Mitchell Ofoyeju.

5. The Assistant Inspector-General of Police, AIG, Zone 2 Command, Mr Olohundare Jimoh has assured Nigerians of adequate security ahead of the 2027 elections. Jimoh said the police were fully prepared and that there was no cause for fear. The AIG gave the assurance on Monday at the command headquarters.

6. The naira on Monday appreciated by N8.07 against the dollar at the official foreign exchange market, closing at N1,349.53. Data from the Central Bank of Nigeria, CBN, official website showed that the naira gained N8.07 from the N1,357.60 recorded on Friday.

7. Nigeria’s headline inflation rate eased to 15.43 per cent in July 2026. However, the latest figures from the National Bureau of Statistics showed renewed pressure on food prices. According to the data, food inflation accelerated sharply on a month-on-month basis. The NBS disclosed this in its Consumer Price Index report for July 2026, released on Monday, showing that headline inflation fell by 0.48 percentage points from the 15.91 per cent recorded in June.

8. Daughters of veteran actor, Taiwo Hassan popularly known as Ogogo have appealed to Nigerians and medical professionals for help, saying hospitals have refused to continue treating their father who is battling stage-four cancer. The daughters, Lima and Kira Taiwo made separate emotional appeals on Instagram on Monday, urging well-wishers and anyone with experience in cancer treatment to help save their father

9. The number of Air Peace vehicles impounded by the police for investigation following the recent Lagos airport runway blockade has increased from three to five. It was reliably gathered that the vehicles, which are currently in police custody, are marked AJJ 589EX, KTU 440EZ, AAA 831F, KTU 85FH and EPE 656HF.

10. Osun State workers, under the auspices of organised labour, Monday, converged on the entrance to the State Secretariat at Abere, Osogbo. They held a rally to celebrate Governor Ademola Adeleke’s electoral victory, attributing his return to office to his administration’s worker-friendly policies and improved welfare for pensioners.

Nigeria’s headline inflation has dropped from 15.91 per cent in June 2026 to 15.43 per cent in July.

The report of the decline was contained in the latest consumer price index (CPI) report just released by the National Bureau of Statistics (NBS).

According to the report, food inflation is sustaining the cost of living pressure on households.

NBS says, food inflation for the month of July accelerated to 5.56 per cent from 3 75 per cent recorded in June 2026. On year-on-year basis, it rose from 17.52 per cent in July 2025 to 20.31 per cent in July 2026.

This year alone food inflation has witnessed a consecutive six months of spike, rising from 8.89 per cent in January to 12.12 per cent in February, to 14.31 per cent in March and up further to 16.06 per cent in April.

In May, it jumped 16.96 per cent before reaching 17.52 per cent in June and in July, it hit 20.31 per cent.
The problem of food insecurity in Nigeria has remained a paradox.
Although the food available in the market, but the prices have continued to rise, raising the question of what exactly could be driving rising prices.

Stakeholders believe one of the major drivers of food prices in the country is high cost of transportation arising from the high cost of fuel.

Pump prices of petroleum products, especially premium motor spirit,(PMS), otherwise called fuel, has been rising since the removal of fuel subsidy in May 2023.

The situation was made worse by the crisis in the Middle East which drove up the global crude oil prices.

One striking and perhaps uncomfortable finding in the report is the enormous disparity between states.

While national headline inflation stood at 15.43 per cent, Adamawa recorded 33.03 per cent, more than twice the national rate.

Adamawa’s food inflation was even more alarming: 51.36 per cent year-on-year.

Katsina recorded food inflation of 30.84 per cent and Zamfara 30.65 per cent.

At the other end of the scale, Borno recorded negative 0.31 per cent food inflation, while Nasarawa recorded 6.88 per cent.