The Nigerian equities market reversed its bullish run last week, as widespread profit-taking triggered heavy sell-offs and wiped about ₦1.9 trillion from investors’ wealth. The decline came after investors recorded a ₦3.73 trillion gain on the Nigerian Exchange Limited (NGX) in the penultimate week, as the market’s strong rally prompted investors to lock in profits….
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has given the Independent National Electoral Commission (INEC) seven days to account for more than ₦126.46 billion in public funds allegedly diverted, lost, mismanaged or otherwise unaccounted for in the administration of elections. SERAP’s demand is based on findings contained in the 2023 audited report…
By Afolabi Wale The Federal Government has reaffirmed that all Federal Unity Colleges nationwide will resume academic activities on Monday, September 14, 2026, assuring students, parents and school administrators that adequate security arrangements have been put in place for a safe and seamless resumption. The Minister of Education, Dr. Maruf Tunji Alausa, gave the assurance…
By Seun Ibiyemi Nigeria is set to attract a major investment in local power equipment manufacturing following a commitment by Chinese equipment manufacturer TBEA to establish a power and energy equipment industrial park in the country. The commitment was secured by the Minister of Power, Joseph Tegbe, during a high-level meeting at TBEA’s headquarters in…
By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has launched a 600-member pharmacists’ reserve force to expand its regulatory presence across Nigeria’s markets, pharmacies, patent medicine stores and primary healthcare centres. The initiative, known as the Pharmacists Reserve Volunteer Programme (PRVP), brings together qualified pharmacists already working in different…
By Seun Ibiyemi The return of universal petrol subsidy could cost Nigeria nearly ₦20 trillion annually and worsen the country’s fiscal and debt pressures, the Centre for the Promotion of Private Enterprise (CPPE) has warned. The CPPE said the potential financial burden would emerge from an estimated petrol consumption of 50 million litres per day…
By Seun Ibiyemi Nigeria’s maritime industry is set to gain from lower shipping costs and improved trade efficiency following the United States’ decision to remove a 12-year security restriction on vessels operating between the two countries. The U.S. Government said the lifting of the Condition of Entry (CoE) restriction would reduce security-related requirements and associated…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has commenced the final screening phase of its 2025 recruitment exercise, with shortlisted candidates undergoing documentation, physical fitness tests and medical assessments in Gwagwalada, Abuja. The exercise, which started on Monday, September 7, 2026, is being conducted at the Training and Doctrine Command (TRADOC) and is expected…
Manchester United manager Michael Carrick has praised Harry Amass, Patrick Dorgu and Shea Lacey following the club’s emphatic 4-0 UEFA Champions League victory over Sabah on Thursday. United secured a comfortable win at Old Trafford, with Matheus Cunha, Bruno Fernandes, Benjamin Sesko and Lisandro Martínez getting on the scoresheet. Speaking after the match, Carrick expressed…
The Vice Presidential candidate of the Nigeria Democratic Congress (NDC), Rabi’u Kwankwaso, has urged the presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, to withdraw from the 2027 presidential race and support the NDC. Kwankwaso made the appeal on Thursday while receiving members of the Fulani Farmers Association at his residence in Abuja….
