The Nigeria Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding with the Capital Market Authority of Rwanda to deepen cooperation and support the development of capital markets in both countries. The agreement was signed in Abuja on Monday and provides a framework for collaboration on investor education, capital market development, information sharing, …
Average daily supply of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, rose to 5,040 metric tons per day (mt/d) in June 2026 even as retail prices remain high above ₦2,000 per kilogramme. According to the latest data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), this reflects an 18.3 percent …
African countries must strengthen domestic revenue collection, improve spending efficiency, and expand alternative sources of financing as foreign aid declines sharply across the region, the International Monetary Fund (IMF) said in a report released on Monday. The IMF warned that official development assistance, which has long been a major source of funding for many countries …
British Prime Minister Keir Starmer has announced his resignation as leader of the Labour Party, saying he accepts the decision of his parliamentary party and will step aside while remaining in office until a successor is chosen. In his resignation speech on Monday, Starmer reflected on his political journey, describing his time in office as …
First visa fee review in nearly five decades sparks concerns over affordability as Japan moves to fund immigration reforms, tighten compliance and manage a growing foreign population. Nigerians seeking to study, work, conduct business or visit Japan will soon face significantly higher travel costs following Tokyo’s decision to increase visa fees by as much …
The National Drug Law Enforcement Agency (NDLEA) on Saturday publicly destroyed 25,807.192 kilograms of illicit drugs in Imo State, marking the first time such an exercise has been conducted in Owerri. The destroyed narcotics included 2,319 litres of codeine-based cough syrup and 24,945.302 kilograms of cannabis sativa. Other substances destroyed were 29.65 kilograms of methamphetamine, …
The National Drug Law Enforcement Agency (NDLEA) has arrested two elderly men, aged 84 and 75, over their alleged involvement in selling illicit drugs to secondary school students in Umuahia, Abia State, in what the agency described as part of its intensified nationwide crackdown on drug trafficking and abuse. The suspects, identified as 84-year-old Godfrey …
Fresh concerns over worsening insecurity in Oyo State have emerged following the reported killing of a pregnant woman and a man who allegedly delivered ransom money to secure her freedom after they were abducted by suspected kidnappers in Igboho, Oorelope Local Government Area. The incident has sparked widespread outrage and renewed calls for stronger security …
The Independent National Electoral Commission (INEC) has declared Barrister Danladi Halilu Envulu-Anza of the All Progressives Congress (APC) winner of the Nasarawa North Senatorial by-election. The announcement was made on Sunday by the Returning Officer of the election, Professor Aminu Ali, at the College of Education, Akwanga, the designated collation centre for the exercise. Envulu-Anza …
As policymakers and international institutions raise concerns over the growing use of stablecoins in Nigeria and other emerging markets, the debate has largely centred on risks to monetary sovereignty and financial stability. In this exclusive interview with FRIDAY EHIME ALEX, the CEO and Co-Founder of WeFi, Maksym Sakharov, argues that the rapid adoption of dollar-backed …
