The insurance sector has delivered strong returns on the Nigerian stock market over the past 52 weeks, with several stocks doubling, tripling and in some cases quadrupling in value, as the countdown to the industry’s recapitalisation deadline gathers pace. However, despite the sharp rally, the sector remains overshadowed by heavyweight performers in oil and gas, …
With Nigeria’s banking recapitalisation exercise now concluded, attention is shifting to whether stronger banks will finally channel more credit to agriculture, manufacturing, and small businesses, sectors widely seen as underserved despite their crucial role in driving economic growth. This position was outlined by Ummie Kabir, a PR consultant with Apex Media Services, who argued that …
It was set up in 2011 as a unit of the Imo State Police Command to fight kidnapping, armed robbery, and cultism. Today, Tiger Base — as residents call it — stands accused of abuses that eclipse even the disbanded Special Anti-Robbery Squad (SARS). This ICIR investigation tracks how the unit uses surveillance tools to …
The All Progressives Congress (APC) senatorial primaries across the country turned into a fierce political battle Monday, producing dramatic victories, shocking defeats, consensus arrangements, protests and allegations of manipulation as the ruling party began shaping its 2027 electoral map. While several influential figures in the National Assembly secured return tickets with ease, others suffered humiliating …
The Securities and Exchange Commission (SEC) said it will begin a one-business-day settlement cycle (T+1) for equities and commodities transactions in Nigeria’s capital market from June 1, 2026. The move will replace the current two-day settlement system, the commission announced in a statement on Tuesday, May 19. It noted that the new framework is part …
The Federal Government’s May 2026 bond auction attracted total demand of ₦796.17 billion, with investors showing a stronger appetite for longer-term debt instruments, according to results released by the Debt Management Office (DMO). The auction, conducted on May 18, featured the re-opening of two existing Federal Government bonds with a combined offer size of ₦600 …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a warning that it will sanction any entity operating in the midstream and downstream oil and gas sectors without the required licences, permits, or authorisations. The regulator’s warning is contained in a public notice issued on Sunday, May 17. The notice said the NMDPRA's …
The Nigeria Democratic Congress (NDC) has concluded the sale of Expression of Interest and Nomination Forms for its 2027 presidential race, with indications that former Labour Party presidential candidate, Peter Obi, is the only aspirant who purchased the form. The party, however, announced a one-week extension for aspirants seeking governorship, Senate, House of Representatives, and …
Actor-turned-politician Desmond Elliot is facing what appears to be the toughest political battle of his career as growing opposition within the All Progressives Congress (APC) threatens his bid for a fourth term in the Lagos State House of Assembly. Elliot, who has represented Surulere Constituency 1 since 2015, has recently come under intense political pressure …
Controversy has emerged over the alleged participation of the senator representing Kwara Central, Saliu Mustapha, in the ongoing All Progressives Congress (APC) senatorial primaries. The development followed the circulation of a document on social media listing Mustapha among aspirants cleared by the party to contest the Senate primary election. In the document, Governor AbdulRahman AbdulRazaq …
