News

NGX gained ₦307 billion as market capitalisation rose to ₦159.119 trillion, while the All-Share Index advanced 0.19 percent to 246,659.56 points on sustained buying interest. Market breadth remained positive with 34 gainers against 22 losers, as investors accumulated...

Nigeria’s airtime credit market is worth hundreds of billions of naira, with millions of users depending on “borrow airtime” services when they run out of credit. A Federal High Court ruling has now clarified who regulates what in...

Federal Government Returns 13 Oil and Gas Blocks to Licensing Pool After They Fail to Attract a Single Investor Bid During the 2025 Licencing Round Only 37 of the 50 Assets Offered Across Seven Sedimentary Basins Secure Commercial...

CSCS has declared its first-ever interim dividend of ₦1 per share after delivering a record first-half financial performance The capital market infrastructure company reported a 115 percent increase in profit before tax to ₦13.21 billion, driven by stronger...

Atiku Abubakar Challenges the Tinubu Administration Over the Reported ₦8.05 Billion Allocation for Church and Mosque Projects in the Proposed 2026 Budget, Describing the Spending as a Test of Government's Commitment to Transparency and Accountability Former Vice President...

The Nigerian Exchange (NGX) delivered a 47.43 percent return in the first half of 2026, making it Africa's second-best performing major stock market behind only Ghana and outperforming the average return recorded across six leading African exchanges. Strong...

FRSC begins statewide Operation Shark Smile to tackle rising road crashes. Exercise targets speeding, overloading, reckless driving and other traffic offences. Joint operation with security agencies to enforce traffic laws across Akwa Ibom. Offenders face prosecution and prescribed...

Lawmakers pass legislation replacing the National Insurance Commission (NAICOM) with the Insurance Regulatory Commission (IRC) as part of efforts to modernise Nigeria's insurance regulatory architecture The bill strengthens the autonomy of the regulator, empowers it to issue binding...

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent, extending its cautious monetary policy stance as inflation continues to moderate and foreign exchange market conditions improve. The Monetary Policy Committee (MPC)...

Operation FANSAN YAMMA troops foil a terrorist kidnap attempt in Zamfara, forcing the attackers to flee and rescuing several residents without casualties. Three kidnapped farmers abducted in Zamfara escape from a terrorist hideout in Katsina during a heavy...