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 …
The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), has begun the implementation of a new Taxpayer Identification (Tax ID) system for all taxable persons in Nigeria. The agencies announced the rollout in a public notice issued on Monday, May 18, saying the initiative is in line with Sections 6, 7 …
The Federal High Court in Abuja has fixed May 26 to deliver judgment in the suit challenging former President Goodluck Jonathan’s eligibility to contest the 2027 presidential election. Justice Peter Lifu adjourned the matter for judgment on Monday after parties in the case adopted their final written addresses. The Attorney-General of the Federation (AGF) and …
Billionaire businessman Femi Otedola has been shortlisted for the 2026 BCA African Business Book of the Year Awards for his book, 'Making It Big: Lessons from a Life in Business'. The shortlist, unveiled by the Business Council for Africa (BCA) in partnership with the Africa Finance Corporation, African Business and BrandComms, features books exploring leadership, …
The faction of the Peoples Democratic Party (PDP) led by Kabiru Turaki is set to screen former President Goodluck Jonathan as its sole presidential aspirant ahead of the party’s primaries for the 2027 general elections. The faction disclosed this in a statement on Sunday, announcing that the screening of aspirants for various elective positions would …
