Nigeria's currency came under renewed pressure in the just-concluded week as the naira lost ground against the dollar at the official window, despite sustained interventions by the Central Bank of Nigeria (CBN), aimed at stabilising the foreign exchange (FX) market. A review of market data for the first week of November reveals that the naira …
The Nigerian stock market ended the first week of November on a bearish note as profit-taking dominated trading sentiment amid domestic and external headwinds, leaving investors to suffer a ₦2.83 trillion loss. Trading activity started on Monday, November 3, on a bearish note, sustaining the momentum all through the week. As a result, the total …
A new crypto whale just bet $136 million against Bitcoin (BTC) and XRP with 20x leveraged shorts on Hyperliquid yesterday, November 6, 2025. This comes hours before President Donald Trump’s Miami crypto speech, where he’ll pitch the U.S. as the Bitcoin superpower and end crypto’s regulatory woes. With BTC at $103,000 and XRP at $2.32, …
Leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, has finally obeyed the directive of the Federal High Court in Abuja to file his defence in the terrorism charge brought against him by the Federal Government. Kanu, who has repeatedly resisted opening his defence, was seen on Friday completing the process of filing …
The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) has cautioned Nigeria and other countries recently removed from the Financial Action Task Force (FATF) grey list against complacency, urging them to sustain their reforms and strengthen anti-money laundering and counter-terrorist financing frameworks. GIABA Director General, Mr Edwin W. Harris Jr, gave the warning …
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has faulted Tuesday’s decision of an Oyo State High Court, which approved the Peoples Democratic Party (PDP) to proceed with its planned national convention in Ibadan on November 15 and 16, 2025. Conflicting Court Orders Justice Ladiran Akintola of the Oyo High Court, while ruling on …
Paradigm Initiative (PIN) has expressed worries that Tanzania’s election-period internet blackout and the continued suspension of X (formerly Twitter), which have cost the East African country over $238 million, are infringements on the citizens' digital rights. The digital rights advocacy group said in a statement on Wednesday, 5 November, stating that it remained concerned about …
Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has said that Nigeria’s non-interest capital market valuation of over ₦1.6 trillion is clear evidence of an enabling regulatory environment. Agama said this at the 7th African International Conference on Islamic Finance (AICIF) 2025 in Lagos, which was held on November 4 and 5. He …
The National Drug Law Enforcement Agency (NDLEA) has warned Nigerians about fake medicinal cannabis containing dangerous substances. The alert follows the recovery of a large consignment and the arrest of a suspected kingpin in Lagos. Credible intelligence led to the arrest of 28-year-old Afeez Salisu, also known as “Malu”, on Saturday, November 1, 2025. He …
In a historic moment for the city and the nation, Zohran Mamdani has been elected Mayor of New York City, becoming the first Muslim to hold the office and the youngest mayor in more than a century. Mamdani, aged 34, a state assembly member from Queens and a self-described democratic socialist, secured a decisive victory …
