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, …
When the Central Bank of Nigeria's Monetary Policy Committee gathered in February 2026 for its 304th meeting, the mood was one of cautious optimism. Headline inflation had fallen for eleven consecutive months. Reserves had climbed to a 13-year high of $50.45 billion. The naira was holding. The committee voted, 10 to 1, to cut the …
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 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 …
Households and small businesses across Nigeria are battling another round of hardship as the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has surged to about ₦1,600 per kilogramme in many parts of the country. This sharp increase, representing a 23 per cent jump from the average rate of about ₦1,300/kg just …
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 …
Access Holdings Plc has crossed the ₦1 trillion profit threshold. But beneath the headline numbers lies a more nuanced story of transformation, risk, and strategic repositioning. Here are ten critical things every investor and market watcher must note. The ₦1 Trillion Profit Milestone Is Historically Significant For the first time in its corporate history, …
