By Adeyemi David The Centre for the Promotion of Private Enterprise (CPPE) has cautioned policymakers against imposing compulsory domestic processing requirements on primary products without first establishing adequate local capacity, warning that such measures could distort markets and harm producers. In a policy brief released on Sunday by the Executive Officer of CPPE, Dr. Muda…
Electricity consumers in Lagos and parts of Oyo State are facing renewed power disruptions following a drop in generation caused by gas supply constraints on the National Grid, as well as infrastructure damage linked to a road accident in Ibadan. In separate notices issued on February 7, 2026, Ikeja Electric and Eko Electricity Distribution Company…
By Adeyemi David The Nigerian Exchange Ltd. (NGX) recorded a bullish performance last week as the All-Share Index and market capitalisation rose by 3.84 per cent to close at 171,727.49 points and N110.235 trillion respectively. The latest figures marked an increase from the previous week’s close of 165,370.40 points and N106.153 trillion, translating to a…
Governor Ademola Adeleke has warned against spillover of banditry and kidnapping from Kwara state into Osun, urging the police to immediately lift ban on Amotekun operations to combat the emerging threats. Adeleke, in a statement signed by Governor’s Spokesperson Olawale Rasheed, said the state is handicapped in its security response as the Amotekun service has…
By Emmanuel Gbadebo The Registrar-General of Corporate Affairs Commission (CAC), Mr. Hussaini Magaji has disclosed that the commission has deregistered over 400,000 companies from it system in 2025 year. The RG stated this during a “Celebration Walk” organised by the commission in Abuja on Saturday. He said ” we have deregistered over 400,000 companies from…
Skyway Aviation Handling Company Plc recorded a remarkable performance in 2025, with profit before tax soaring to N14.28 billion, more than double the N6.48 billion posted in 2024. The fourth quarter alone contributed N3.9 billion, up from N1.8 billion in Q4 2024, driven by higher quarterly revenue. Full-year revenue rose sharply to N44.4 billion, bolstered…
By Adeyemi David Barely after 84 day, the Joint Health Sector Unions (JOHESU) has suspended its nationwide strike, paving the way for the restoration of public health services across Nigeria. The decision was reached on Friday following an expanded emergency meeting of the union’s National Executive Council (NEC) in Abuja, where leaders reviewed the outcome…
Fidelity Bank emerged as the most actively traded stock on the Nigerian Exchange Ltd. (NGX) on Friday, as the equities market closed the week on a bullish note with N1.105 trillion added to investors’ portfolios. The bank recorded a trading volume of 92.39 million shares, accounting for 9.69 per cent of the total transactions for…
By Adeyemi David The Nigerian naira closed the trading week ended February 7 on a slightly weaker note at the official foreign exchange market, reflecting mild volatility amid persistent dollar demand. Data from the Central Bank of Nigeria showed the currency settled at ₦1,366.19 per dollar on Friday, representing a 0.01 per cent decline from…
The Federal Capital Territory (FCT) Police Command has arrested nine suspects linked to armed robbery and recovered several stolen vehicles and valuables across Abuja. The Police Public Relations Officer in the FCT, SP Josephine Adeh, disclosed this in a statement issued on Friday in Abuja, noting that the arrests followed a robbery incident reported on…
