News

NGX Starts Week Lower As Decliners Outpace Gainers

Market capitalisation declined marginally by ₦106 billion, from ₦156.623 trillion at the opening to ₦156.517 trillion at the close. The NGX All-Share Index fell by 164.55 points, from 242,619.20 to 242,454.65. Market breadth remained negative, with 19 gainers...

Burning Billion-Naira Drug Trade: NDLEA Destroys ₦301bn Narcotics, Warns Cartels ‘Nowhere Is Safe’

NDLEA publicly destroyed 329,865.585 kilograms of cocaine, heroin, methamphetamine, cannabis, tramadol, codeine syrup and other illicit drugs worth over ₦301 billion following a Federal High Court order covering concluded cases and abandoned seizures. The destroyed narcotics were intercepted...

Duke, Ekuwem Rally Private Investment To Boost Akwa Ibom Tourism Sector

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Duke, Ekuwem lead: Former Tourism Minister Edem Duke will deliver the keynote, while Dr Emmanuel Ekuwem will chair the roundtable. Private sector mobilisation: NHA and FTAN are bringing key stakeholders together to drive tourism investment, destination branding and...

Osun Police Command Threatens Severe Sanctions Over LG Secretariat Takeover Bids

Osun Police Commissioner Samuel Etaifo has warned that no individual or political group should attempt to forcefully occupy any local government secretariat while the leadership dispute remains before the courts. The command says anyone who invades council secretariats...

BOA Moves To Bridge Financing And Input Gaps For Women Farmers

BOA is expanding support for women farmers beyond loans to include agricultural inputs, mechanisation, agronomic support and market access. Only 3 percent of female farmers in Nigeria are formally enrolled in financial systems, compared with 10 percent of...

Don’t Stand In America’s Way On Hormuz – Trump Draws Battle Line, Threatens Military Action Against Oman

President Donald Trump threatens to bomb Oman if the Gulf nation obstructs U.S. efforts to secure unrestricted access to the Strait of Hormuz, despite Muscat being a longstanding American security partner and regional mediator. The warning comes as...

No Safe Haven: NSA Ribadu Rolls Out Five-Year Strategy to Hunt Down Criminal Networks

The Office of the National Security Adviser has launched a five-year National Strategy for Combating Organised Crime (2027–2031) to dismantle criminal networks, disrupt illicit financial flows and strengthen nationwide security coordination. NSA Nuhu Ribadu says Nigeria can no...

Religious Controversy: Scholar Slams Kano State’s Mass Wedding Scheme

Prominent Kano Islamic scholar, Sheikh Hadi MaiHula, has condemned the state government's sponsored mass wedding of 1,500 couples, declaring the initiative "forbidden" under Islamic law. The cleric argued that marriage is not compulsory for those without financial means...

Nigeria’s Inflation Falls To 15.43 Percent In July As Food Prices Accelerate

Nigeria’s headline inflation fell to 15.43 Percent in July from 15.91 percent in June, while monthly inflation also eased to 1.57 Percent. Food inflation, however, accelerated sharply to 5.56 percent month-on-month from 3.75 percent in June, driven by...

Osun Government Drops EFCC Suit on Frozen Account

Governor Ademola Adeleke has directed the Osun State Attorney-General to withdraw the government's suit against the EFCC over the freezing of the state's statutory allocation account. The governor says President Bola Tinubu's intervention and personal phone call prompted...