Guaranty Trust Holding Company Plc (GTCO) has reinforced its commitment to sports development in Nigeria and across Africa, following the thrilling conclusion of the 2026 NPA Lagos International Polo Tournament, where Lagos STL triumphed in the prestigious Majekodunmi Cup. As headline sponsor of one of Africa’s oldest and most celebrated polo competitions, GTCO continues to…
Former Kaduna State governor, Nasir El-Rufai, was detained at the headquarters of the Economic and Financial Crimes Commission (EFCC) in Abuja on Monday night following hours of interrogation over an alleged N432 billion corruption scandal. El-Rufai, a prominent chieftain of the African Democratic Congress (ADC), is also expected to face criminal prosecution in connection with…
Nigeria’s banking sector emerged as the top destination for foreign capital in the third quarter of 2025, attracting $3.14 billion and accounting for 52.25 percent of total capital imported into the country. This is according to the Capital Importation Report for Q3 2025 released by the National Bureau of Statistics (NBS), which showed a significant…
By Adeyemi David The Centre for the Promotion of Private Enterprise (CPPE) has said Nigeria’s inflation decline to 15.10 percent in January points to a significant shift toward macroeconomic stabilisation, offering relief for households and renewed confidence for investors. Founder of the CPPE, Muda Yusuf, made the assertion in a statement issued Monday in Lagos…
By Adeyemi David The Nigerian Exchange Limited (NGX) opened the week on a bullish note, with market capitalisation rising by N5.1 trillion to reflect a 4.36 percent gain at the close of trading on Monday. The surge was largely driven by heightened investor interest in high-capitalised equities, including ABC Transport, Beta Glass, Ikeja Hotel, Oando…
The National Bureau of Statistics (NBS) has reported that Nigeria’s telecommunications industry sustained strong performance in the second quarter of 2025, with active voice subscriptions reaching 171,730,06, representing a 0.48 percent increase from the 170,904,257 recorded in the corresponding period of 2024. The figures are contained in the NBS Telecoms Data: Active Voice and Internet,…
More trouble as the Federal Government filed criminal charges against former Kaduna State Governor, Nasir El-Rufai, over the alleged interception of the phone communications of the National Security Adviser, Nuhu Ribadu. The Court documents show that the case marked FHC/ABJ/CR/99/2026, was submitted at the Federal High Court in Abuja. The Federal Republic of Nigeria is…
….As food inflation hits single digit first time in 10 yrs … Naira hits N1,390 on black market as gap closes 2.5% …. Nigeria records strongest foreign inflows in five years on reforms By Adeyemi David Nigeria’s headline inflation rate moderated slightly to 15.10 per cent in January 2026, down from 15.15 per cent recorded…
By Adeyemi David Nigeria has pledged full infrastructural and operational support for the Combined Maritime Task Force in the Gulf of Guinea as part of efforts to strengthen regional security and tackle transnational crimes. President Bola Tinubu made the commitment during the 39th Ordinary Session of the Assembly of Heads of State and Government of…
By Adeyemi David The Federal Government has introduced a new industrial policy designed to revive dormant factories, strengthen domestic manufacturing, and reposition Nigeria as a competitive industrial hub. Minister of State for Industry, John Owan Enoh, announced the framework during an engagement with the Nigerian Guild of Editors, stressing that industrialisation is critical to the…
