By Seun Ibiyemi The Nigerian stock market sustained its positive momentum on Thursday, recording a marginal gain of N20 billion amid continued investor interest in select equities. Market capitalisation rose from N128.977 trillion to N128.997 trillion, representing a 0.02 per cent increase, while the All-Share Index advanced by 32.14 points to close at 200,957.89. The…
By Seun Ibiyemi Nigeria’s Minister of Power, Adebayo Adelabu, says ongoing reforms in the electricity sector have attracted over two billion dollars in fresh investments, signalling renewed investor confidence and improved sector performance. Adelabu made this known on Thursday in Abuja during the commissioning of the new headquarters of the Nigeria Electricity Liability Management Company….
By Seun Ibiyemi The Nigerian Communications Commission (NCC) has introduced a new regulatory platform, the Telecommunications Identity Risk Management System (TIRMS), aimed at enhancing digital security and curbing fraud across Nigeria’s telecommunications ecosystem. The Executive Vice-Chairman of the NCC, Aminu Maida, disclosed this on Thursday in Abuja during a stakeholder forum on the initiative. Represented…
By Seun Ibiyemi The Inspector-General of Police, Olatunji Disu, has submitted a comprehensive framework for the establishment of state police to the Deputy Senate President, Jibrin Barau, as part of ongoing efforts to decentralise policing in Nigeria. The framework was presented on Thursday at the National Assembly in Abuja. Barau, who also chairs the Senate…
By Seun Ibiyemi Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has called for deeper collaboration with the European Union to combat emerging maritime threats in the Gulf of Guinea, including illegal fishing, trafficking, and environmental crimes. Speaking on Thursday in Abuja while receiving a delegation from the EU Evaluation Mission on the Gulf…
By Seun Ibiyemi The Nigeria Customs Service (NCS), Oyo/Osun Area Command, has announced the seizure of smuggled goods with a Duty Paid Value (DPV) of over ₦2.53 billion, alongside revenue generation of ₦14.7 billion within the review period. Speaking during a press briefing held on Thursday at the Command’s headquarters in Ibadan, the Acting Customs…
By Seun Ibiyemi Nigeria recorded total capital importation of $6.44 billion in the fourth quarter of 2025, marking a 26.61 per cent increase year-on-year, according to the latest report by the National Bureau of Statistics (NBS). The figure also represents a 7.13 per cent rise from the $6.01 billion recorded in the third quarter of…
By Seun Ibiyemi The Federal Government, through the Debt Management Office (DMO), has opened subscriptions for N750 billion worth of Federal Government of Nigeria (FGN) bonds for March 2026, as it continues to tap the domestic debt market to finance fiscal needs. According to details contained in the March bond offer circular, the issuance comprises…
By Seun Ibiyemi The President-General of the Maritime Workers Union of Nigeria (MWUN), Francis Bunu, has expressed concern over poor policing of waterfronts at Lagos ports, warning that rising attacks on vessels could undermine confidence in Nigeria’s maritime sector. Bunu spoke in Lagos when members of the Shipping Correspondents Association of Nigeria (SCAN) visited the…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed a Petroleum Exploration Licence (PEL) No. 5 agreement with SeaSeisGeophysical Limited to advance offshore oil exploration and strengthen Nigeria’s hydrocarbon resource base. The agreement, executed in Abuja, authorises SeaSeis, in partnership with TGS, to acquire and process new 3D seismic and gravity data…
