News

Nigerian Stock Market Slumps as Broad Sell-Off Wipes ₦648bn off Market Cap

The NGX reversed Tuesday’s gains as widespread profit-taking erased about ₦648 billion from investors’ wealth, with losers almost doubling gainers. Insurance stocks remained in demand, with Lasaco, NEM and SUNU Assurances leading the gainers despite the broader market...

US Ends Routine Visa Processing in Abuja, 24 Other African Missions

United States to halt routine immigrant and non-immigrant visa processing at 25 diplomatic missions across Africa, including the U.S. Embassy in Abuja, effective August 1, 2026. Nigeria's routine visa applicants will now be processed through the U.S. Consulate...

Abia Governor Alex Otti Approves First Phase of Actress Ngozi Nwosu’s Medical Bills

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Abia State Governor Alex Otti has approved payment for the first phase of veteran Nollywood actress Ngozi Nwosu's medical bills after her public appeal for financial help. The intervention was announced on Tuesday by the governor's Senior Special...

PFIPC Scandal Deepens as Police Fail to Produce Detained DG Before Reps Panel

The house hearing stalled after police failed to produce the detained alleged PFIPC Director-General, Prince Adeyemi Adeniyi, before lawmakers. IGP tells Reps panel the suspect remains in custody under a subsisting court remand order over alleged conspiracy and...

Govt Has No Excuse — Ex-IGP Okiro Says Deliberate Police Neglect Worsened Insecurity

Former Inspector General of Police Mike Okiro says Nigeria's worsening insecurity is the direct result of years of deliberate government neglect of the Nigeria Police Force. The retired police chief accused the government of starving the police of...

Army Smashes Lagos Illegal Bunkering Network, Arrests Six Suspects, Seizes Trucks, Equipment

Nigerian Army troops dismantle a suspected illegal bunkering network in Lagos, arresting six suspects during an intelligence-led operation in the Orile General Area. Security forces recover four trucks, a pumping machine, and assorted pipes and drums allegedly used...

Atiku Fires Back At Tinubu: Wrestle Inflation, Hunger, Insecurity—Not Political Opponents

Atiku Abubakar says President Tinubu should focus on fixing Nigeria's worsening economic and security crises instead of attacking political opponents. Former Vice President describes Tinubu's vow to "wrestle opponents to the finish" as the rhetoric of "a drowning...

Meet 7 Companies Powering Nigeria’s Stock Market Rally In 2026

MTN Nigeria, First HoldCo, Dangote Cement, GTCO, Airtel Africa, BUA Foods and Aradel Holdings have emerged as the biggest drivers of the NGX's record rally in 2026. Strong corporate earnings, a more stable naira, improved investor confidence and...

Gov Eno Signs 14 Bills To Reshape Governance, Healthcare, Revenue Administration In Akwa Ibom

Governor Umo Eno signs 14 executive bills into law in one of Akwa Ibom's biggest legislative reform packages. New laws establish AKWA-GIS, Emergency Medical Services Agency, Internal Revenue Service, Fiscal Responsibility Board and University of Education. Hospitals Management...

CBN Reports First Decline In Consumer Credit In Six Years, Outstanding Falls To ₦3.8trn

Nigeria’s consumer credit fell 19.89 percent to ₦3.78 trillion in 2025, marking the first annual decline since December 2019 as high interest rates curbed household borrowing and reduced the share of consumer loans in private sector credit. Personal...