News

SEC Launches Nationwide Drive To Help Investors Recover Unclaimed Dividends

The Securities and Exchange Commission has launched a nationwide campaign to help investors recover unclaimed dividends and other funds linked to capital market transactions. The initiative will educate Nigerians on verifying and claiming unclaimed dividends, public offer refunds,...

Catholic Foundation Urges FG To Declare Banditry A Humanitarian Emergency

The Catholic Caritas Foundation of Nigeria has called on the Federal Government to officially declare banditry a humanitarian emergency to mobilise a more effective, coordinated response. Caritas representatives warned that current informal IDP settlements in the North-West lack...

Kidnappers Abandon Kogi School Principal, NECO Official, Students As Security Forces Close In

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Security operatives rescue Kogi school principal, NECO official and students abducted during Tuesday's attack on a school in Dekina Local Government Area Sustained military and intelligence-led operations force kidnappers to abandon the victims as heavily armed security personnel...

Lagosians Hand CCECC Reality Check Over 1,000-Day Blue Line Milestone

July 17, (THEWILL) — A social media victory lap by the China Civil Engineering Construction Corporation (CCECC) Nigeria backfired this week, transforming a major corporate milestone for the Lagos Blue Line rail system into a lightning rod for public...

Abia Secures $145m Solar Manufacturing Plant As Otti Eyes Jobs, Industrial Growth

Abia State has secured a $145 million solar manufacturing plant through a Public-Private Partnership with MD Nwakanma Nigeria Limited and Chinese technical partners. Governor Alex Otti says the investment reflects growing confidence in Abia's business environment and will...

Senate Passes FRSC Amendment Bill Banning Preaching, Hawking Inside Commercial Vehicles as Drunk Drivers Risk 2-Year Jail

Senate passes FRSC (Amendment) Bill, 2026, banning hawking, trading, and preaching inside commercial vehicles, pending presidential assent Drunk driving penalty increased to ₦100,000 fine, up to two years' imprisonment, or both, while refusal of roadside breath tests attracts...

Appeal Court Nullifies Key Electoral Act Provisions on Party Primaries, Candidate Nomination

Appeal Court invalidates Sections 77(5), (6), (7) and 84(2) of the Electoral Act 2026, declaring them inconsistent with the 1999 Constitution. Judgment restores political parties' constitutional autonomy to determine membership registers and candidate nomination processes without statutory restrictions...

CBN Launches FX Tracker, Tightens BDC Rules with 24-Hour Dollar Resale Mandate

The Central Bank of Nigeria has introduced the FX BDC Purchase Tracker (FXBT), enabling real-time monitoring of Bureau De Change foreign exchange purchases and transactions across the official market. Licensed BDC operators must now resell any unused foreign...

Senate Finally Clears Fasina for Ambassadorial Appointment, Dismisses Harassment Claims

Senate confirms former FUOYE Vice-Chancellor, Prof. Abayomi Fasina, as Nigeria's non-career ambassador after adopting the Foreign Affairs Committee's report following an extensive debate. Lawmakers uphold committee findings that sexual harassment allegations against Fasina were investigated by the FUOYE...

First Holdco Rally Fails to Sustain Broad Market Momentum as NGX Slips by ₦32bn

Nigerian equities shed ₦32 billion as profit-taking in BUA Cement and Eunisell outweighed strong gains in banking stocks. First Holdco jumped 9.96 per cent to lead the gainers’ chart for another session, while UBA, Jaiz Bank, and McNichols...