By Seun Ibiyemi Nigeria’s stock market reached a historic high on Monday as the Nigerian Exchange Group (NGX) All-Share Index crossed the 201,000-point threshold for the first time, signaling renewed investor confidence in the country’s equities market. The benchmark index rose 1.55 per cent to close at 201,474.89 points, up from 198,407.30 in the previous…
By Seun Ibiyemi FairMoney Microfinance Bank on Monday appointed Gbenga Shobo as Chairman of its Board, in a move aimed at reinforcing corporate governance and executive capacity. The bank also announced the appointment of Debo Aderoju as Executive Director and Chief Risk Officer, further strengthening its leadership team as it expands operations in Nigeria’s growing…
By Yinka Oduntan At least 23 people have been confirmed dead, and 108 others sustained varying degrees of injuries following multiple suicide bombings in Maiduguri on Monday evening, according to Borno State Police Command. The attacks targeted crowded locations, including the city’s largest market, the gate of the University of Maiduguri Teaching Hospital, and the…
By Seun Ibiyemi Dangote Industries Limited has signed a $4.2 billion natural gas supply agreement with GCL Group to power a major fertilizer plant in Ethiopia, the company announced on Monday. The deal, signed by Aliko Dangote in Lagos, guarantees a 25-year energy supply to the fertilizer complex, ensuring uninterrupted operations once the plant becomes…
The African Democratic Congress (ADC) has accused elements within the ruling All Progressives Congress (APC) of attempting to manipulate the opposition ahead of the 2027 general elections, in a move the party claims is aimed at positioning President Bola Tinubu as the only serious contender for the presidency. In a statement on Monday, Bolaji Abdullahi,…
By Seun Ibiyemi Nigeria’s headline inflation rate eased slightly to 15.06 per cent in February 2026, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The report, published in Abuja on Monday, showed a marginal decline of 0.04 percentage points from the 15.10 per cent recorded in…
By Seun Ibiyemi Nigeria and the United Kingdom are set to formalise a £746 million financing agreement aimed at upgrading key maritime infrastructure at the Lagos Port Complex (Apapa Quays) and Tin Can Island Port Complex, as President Bola Tinubu begins a historic state visit to the UK. The deal, to be signed between UK…
By Seun Ibiyemi The Nigeria Customs Service (NCS), Apapa Area Command, in collaboration with the National Drug Law Enforcement Agency (NDLEA), has intercepted two containers loaded with thousands of cartons of codeine-containing syrup concealed in household utensils at Apapa Port. The seizure came barely five days after the Comptroller-General of Customs, Bashir Adewale Adeniyi, visited…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has warned banking customers to safeguard their financial information by never sharing their Personal Identification Numbers (PINs), passwords, and other sensitive banking details with anyone. The apex bank gave the advice in a post on its official X handle as the world observes Global Money Week…
By Seun Ibiyemi Zenith Bank Plc has announced plans to open a new branch in Manchester, United Kingdom, as part of efforts to strengthen trade and financial connections between Africa and global markets. In a statement on Monday, the bank said the branch, scheduled for inauguration on Tuesday, will support businesses engaged in international trade…
