News

NGX Extends Decline As Market Cap Falls to ₦155.97trn

Market capitalisation declined by ₦544 billion, from ₦156.517 trillion at the opening to ₦155.973 trillion at the close. The NGX All-Share Index fell by 843.42 points, from 242,454.65 to 241,611.23. Market breadth remained firmly negative, with 22 gainers...

Osun Election: Tinubu Allowed Adeleke Win, I’d Have Delivered Victory For APC – Wike Claims

FCT Minister Nyesom Wike says President Bola Tinubu allowed Governor Ademola Adeleke to win the August 15 Osun governorship election, insisting the result was not a defeat for the Federal Government. Wike says if Tinubu had wanted the...

We Had No Deal With You Before, During, After Osun Election – Adeleke Fires Back At ADC

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Osun State Governor Ademola Adeleke has rejected claims by the African Democratic Congress (ADC) that it collaborated with the Accord Party to secure his victory in Saturday’s governorship election. The governor said the ADC played no role in...

NSC, Maritime Journalists Mobilise Investors For Akwa Ibom’s Blue Economy

NSC seeks stronger media partnership to showcase Akwa Ibom’s maritime assets and attract private investment. Coastal investment opportunities identified in fishing ports, former port locations, inland transportation and other maritime services. Vehicle transit areas proposed with parking, accommodation,...

Forget 2027, It’s Over! — Wike Declares Opposition Crippled, Depleted, Says Tinubu Can Crush Rivals With Ease

The FCT Minister says President Bola Tinubu will face a far easier re-election battle than in 2023, insisting the opposition has been “crippled” and “depleted” by divisions, defections and lack of a coherent national strategy. Reacting to Governor...

Nigeria’s Cement Prices Beat Kenya, Togo – FCCPC Probe

FCCPC says Nigeria’s cement prices may not be fully explained by production costs and market conditions. A 50kg bag of cement reached as high as ₦15,000 in some Nigerian markets, compared with about ₦7,344 in Kenya and ₦9,180...

NUJ Akwa Ibom Sets Three-Day Multi-Party Debate Ahead Of 2027 Elections

NUJ Akwa Ibom will hold the exercise from December 9–11, 2026, at the NUJ Press Centre, Uyo. The opening session on December 9 will feature governorship candidates. Candidates for other elective positions will participate, culminating in the Senatorial...

If Tinubu Doesn’t Act, Abuja Will Collapse – Wike Under Fire Over Abuja Waterways

Human rights lawyer and activist Deji Adeyanju calls for the next administration after President Bola Tinubu to appoint an FCT minister with the “guts” of former minister Nasir El-Rufai to reverse what he describes as “senseless allocations” of...

Why Falling Headline Inflation Isn’t Reaching Nigerian Dinner Tables

Nigeria’s headline inflation fell to 15.43% in July, but food inflation climbed to 20.31%. Food inflation reached its highest level since September 2025, rising from 17.52% in June. Food inflation has risen every month since January, reversing the...

EFCC Probes Passenger After Customs Seizes Undeclared Foreign Currencies Worth Over ₦1bn

Nigeria Customs intercepted more than $73,000, £15,957 and 827,800 Saudi Riyals—estimated to be worth over ₦1 billion—during two separate operations at the Mallam Aminu Kano International Airport. A passenger, Haruna Yusuf, has been handed over to the EFCC...