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Investors on the Nigerian Exchange Limited (NGX) lost about ₦2.42 trillion in the just concluded week as the stock market extended its losing streak despite a rebound in major banking stocks. The market capitalisation of listed equities fell by 1.60 per cent to ₦148.905 trillion for the week ended June 26, 2026, from ₦151.327 trillion …

Wema Bank’s Stock Tops Trade Volume as Investors Gain ₦1trn Thursday  

The newly enacted National Identity Management Commission (NIMC) Act 2026 introduces sweeping changes to Nigeria's digital public architecture, and boosts efforts to strengthen internal security. The new law, which replaces the old 2007 legal framework, tackles modern realities like cyber threats, identity theft, database fragmentation, and digital commerce. In a post on social media, Minister …

Key Features of New NIMC Law on Digital Identity System

President Bola Ahmed Tinubu on Friday, June 26, assented to the National Identity Management Commission (NIMC) Act 2026. The signing took place at the State House, Abuja, in the presence of the Senate President, Godswill Akpabio, the Deputy Speaker of the House of Representatives, Benjamin Kalu, and the House Leader, Julius Ihonvbere. Others who witnessed …

President Bola Ahmed Tinubu on Friday, June 26, assented to the National Identity Management Commission (NIMC) Act 2026.

Despite fresh budgetary allocations, intervention funds, debt repayments, and financial support aimed at reviving Nigeria's electricity industry, millions of Nigerians continue to grapple with poor power supply. As the government injects more resources into the sector, stakeholders have continued to express concerns over the impact. Over the past year, Nigeria's power sector has witnessed one …

Outrage as Abuja DisCo Records Multiple Power Outages in January, February

The National Sports Commission (NSC) has intensified efforts to position sports as a major driver of economic development following the conclusion of a two-day strategic engagement with an international consortium of investors, business development promoters, and technical partners on the proposed development of a motorsports district in Abuja. The initiative, which is still at the …

Dangote Refinery has further cut its ex-depot price of Premium Motor Spirit (petrol) from ₦1,175 to ₦1,125 per litre, reflecting a ₦50 reduction. ‎ ‎This was confirmed in a notice sent by the refinery to its customers, where it indicated that the gantry loading price has been reduced from ₦1,175 per litre to ₦1,125 per …

Africa Must End Reliance on Foreign Investors - Dangote

One person has been confirmed dead while 10 persons were rescued after a three-storey building collapsed in Satellite Town, Lagos State on Thursday morning. ‎ ‎The incident, which happened at Old Ojo Road, near Alakija Bus Stop, off the Lagos-Badagry Expressway, around 12 noon caused chaos among residents, who panicked and fled for safety. ‎ ‎In …

The Nigeria Customs Service (NCS), Cross River/Calabar Free Trade Zone/Akwa Ibom Area Command, has intercepted prohibited goods with a Duty Paid Value (DPV) of N273.7 million in a major crackdown on smuggling activities within its area of responsibility. The seizures, which include imported vegetable oil, used tyres, second-hand clothing and Premium Motor Spirit (PMS), were …

Comptroller Momodu Dauda

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