News

The SEC has fixed 5:00 p.m. on the first business day after a trade as the settlement deadline for equities and commodities transactions cleared through CSCS. Foreign portfolio investors will not be required to pre-fund trades, but brokers...

Omoyele Sowore has criticised the continued detention of former Kaduna governor Nasir El-Rufai. The AAC presidential candidate described the detention as political vendetta rather than justice. His comments triggered a heated debate on X, with users divided over...

Nigeria's opposition is divided over a proposal to field a single presidential candidate against Bola Tinubu in 2027. Atiku Abubakar and Peter Obi have yet to commit to the August 18 opposition summit in Abuja. The Labour Party...

Police arrest five suspected drug dealers during raid on criminal hideout in Mbak Itam, Ikot Mbang. Substances suspected to be Indian hemp, Tramadol, Loud and Ice recovered alongside ₦42,000 cash. Command says Operation Zero Black Spot will continue...

Market capitalisation declined by N1.762tn, from N159.255tn at the opening to N157.493tn at the close. The NGX All-Share Index fell by 2,756.48 points, from 246,723.57 to 243,967.09. The session recorded 28 gainers and 28 decliners, reflecting a mixed...

Appeal Court nullifies Federal High Court judgment that recognised Shehu Gabam as SDP National Chairman, citing conflict with an earlier Supreme Court ruling. Prof. Abubakar Sadiq Gombe-led leadership restored, with the appellate court affirming that the lower court...

Ogbe orders process reforms as NCDMB launches digital compliance portal to eliminate delays in Nigerian Content Fund certification. Over $400m deployed to more than 130 indigenous companies, with Nigerian content participation now above 60 per cent. Board shifts...

Nigeria’s crude oil production remained above 1.5 million barrels per day for the third consecutive month in July despite a 50,000bpd decline from June. OPEC data showed Q2 output averaged 1.525 million bpd, up from 1.388 million bpd...

Damascus court sentences former President Bashar al-Assad, his brother Maher and seven former regime officials to death for killings linked to the 2011 Deraa uprising. Judges convict Assad in absentia of premeditated murder, torture, arbitrary detention and crimes...

BOI’s ₦250bn-equivalent facility could give manufacturers, processors, technology firms, renewable-energy companies and exporters access to longer-term capital for expansion. Experts say affordable development finance is critical as high commercial lending rates continue to constrain investment and business growth...