The Federal Government did not pay any ransom to secure the release of schoolchildren abducted in Kebbi and Niger states, the Senate spokesperson, Senator Yemi Adaramodu, has said. Adaramodu made the clarification on Friday during an interview on Channels Television’s Morning Brief, amid growing public speculation over the recent rescue operations. Adaramodu, who is representing …
The Nigerian stock market capitalisation is expected to surge to over N260 trillion in 2026, from the overall N91 trillion the market is currently valued. The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, said this on Thursday, November 27. He projected this while speaking broadly on Nigeria’s economic outlook for 2026 …
The Central Bank of Nigeria (CBN) has directed banks, payment service banks (PSBs) and other financial institutions (OFIs) to immediately withdraw all advertisements and promotional materials which do not comply with existing consumer-protection regulations and, within 30 days, submit a compliance attestation. It issued the instruction in a circular on Thursday, November 27, signed by …
President Bola Ahmed Tinubu yesterday declared a nationwide security emergency following the escalating wave of abductions and violent attacks across the country. The President also directed the Nigerian Army and the Police to embark on immediate large-scale recruitment to strengthen the nation’s security architecture. In a personally signed statement, Tinubu instructed the National Assembly to …
Retirement in many parts of the world is something that is looked forward to with excitement, as it marks the end of decades of work and offers a chance to reshape how you spend your time. It also opens a door to freedom, self‑expression and new purpose. For most Nigerians, retirement does not elicit so …
Former President Goodluck Ebele Jonathan is safe and has departed Guinea-Bissau following Wednesday’s military coup that toppled the West African nation’s government, the Federal Government confirmed on Thursday. Kimiebi Ebienfa, spokesperson for the Ministry of Foreign Affairs, told journalists in Abuja that Jonathan had left the country aboard a special flight alongside members of his delegation, …
Access Holdings Plc has revealed plans to raise its paid-up share capital to N27.65 billion from N26.659 billion to meet regulatory compliance before the year-end. The bank is also seeking shareholders' approval to raise an additional N40 billion, or its equivalent in foreign currency, through a private placement. The tier-1 bank announced this in a …
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria to further cut interest rates, noting that the high cost of borrowing still hinders production and undermines competitiveness in the real sector. The association made the call while reacting to the recent decision of the Monetary Policy Committee (MPC) of the CBN …
The emergence of the Dangote Refinery is fundamentally reshaping Nigeria's oil industry, leading to a sharp decline in the country's dependence on imported fuel from places like Malta. According to TradeMap data, Nigeria's imports of Malta petroleum oils and oils derived from bituminous minerals fell to $818 million in 2024, down from more than $2.1 …
The Nigerian stock market returned to a bearish note on Wednesday, leaving investors with a loss of N444.32 billion at the end of the day’s trading session on the floor of the Nigerian Exchange Limited (NGX). It rebounded on Tuesday, November 25, halting its six-session downturn as investors heaved a sigh of relief with a …
