News

The administration of President Donald Trump has launched a 24-hour online television channel, “TRUMP TV: The Essentials Station”, after the White House banned journalists from three major news organisations.

Foreign institutional investors returned to Nigerian equities on Monday as Nigeria officially regained its FTSE Russell Frontier Market status, with major banking stocks attracting some of the strongest trading activity.

The Economic and Financial Crimes Commission (EFCC) has opened a fresh probe into the controversial Mambilla Hydroelectric Power Project, with a $500,000 payment made by project promoter Leno Adesanya to Jennifer Douglas, former wife of ex-Vice President Atiku Abubakar, emerging as one of the key transactions under scrutiny.

The Federal Government has urged the Federal High Court in Abuja to dismiss the ₦1 billion fundamental rights enforcement suit filed by former Kaduna State Governor, Nasir el-Rufai, over the search of his Abuja residence by operatives of the Independent Corrupt Practices and Other Related Offences Commission.

A Nigerian drug convict, Tony Obina, has been recaptured after escaping from the Kakata Central Prison in Margibi County, Liberia, in a jailbreak that has prompted a security operation across the area.

The Securities and Exchange Commission (SEC) is moving to tighten regulation of Nigeria’s online forex and contracts-for-differences market, with proposed higher capital requirements, stricter operating standards and stronger safeguards for customers’ funds.

The Plateau State Government has imposed an immediate dusk-to-dawn curfew on three local government areas following a fresh wave of attacks that reportedly left several people dead and heightened tension across affected communities.

Nigeria has officially returned to FTSE Russell’s Frontier Market classification, effective from the opening of trading on September 21, ending a three-year period in which the country was classified as Unclassified.

Paramount Skydance’s planned acquisition of Warner Bros Discovery has moved closer to completion after the company reached a settlement with California and 11 other US states.

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has drawn a fresh battle line with Imo State Governor Hope Uzodinma, declaring that he will never support the governor’s reported ambition to become President of the Senate in 2027.