Armed forces veterans blocked the entrance to the Military Pensions Board headquarters in Kubwa, Abuja, on Tuesday over concerns regarding the computation and adjustment of their pensions. Demonstrators erected canopies and chairs across the complex gates at 8:00 a.m. to…
Naira Holds Firm Near N1,333 as Foreign Exchange Turnover Swings The local currency maintained relative stability, trading near N1,333 per dollar on Monday, October 12, 2026, even as reported transaction volume in the official foreign exchange market experienced notable fluctuations.…
Saudi Arabia reported a fresh wave of incoming aerial attacks on Monday, prompting authorities to maintain the temporary closure of King Khalid International Airport in Riyadh following a fatal Houthi missile strike on a departure terminal over the weekend. The…
The Federal High Court in Abuja dismissed an eight-count criminal charge filed by the Federal Government against Adeniyi Adeyemi, the alleged fake Director-General of the Presidential Foreign Intervention Promotion Council, on Monday. Justice Mohammed Garba Umar struck out the case…
Honourable Segun Ogunwuyi, the Chief of Staff to Oyo State Governor Seyi Makinde, announced his resignation on Monday. In a formal resignation letter dated October 12, 2026, Ogunwuyi confirmed that his departure took effect immediately. Ogunwuyi, a former member of…
The country’s external reserves hit 55 billion dollars in October 2026 as sustained foreign exchange inflows expanded total liquidity buffers. According to data released by the Central Bank of Nigeria (CBN), gross foreign exchange reserves rose by approximately $115 million…
In a troubling turn for overseas education, UK universities withdraw offers to Nigerian students as stringent immigration enforcement forces higher education institutions to protect their recruitment licences. According to Home Office immigration statistics and global enrollment analysis, the withdrawal rate…
The Independent National Electoral Commission (INEC) has omitted the former Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, from its final list of 16 approved candidates for the Gombe State governorship election scheduled for February 6, 2027.…
The Federal Government has announced a 30-day discount on petrol dispensed through Nigerian National Petroleum Company Limited (NNPCL) retail outlets, introducing the relief package as part of a temporary measure to ease high fuel costs and stabilize pump prices. Speaking…
Billionaire investor Femi Otedola gains N1.48 trillion in the market value of his direct holdings in First HoldCo during the third quarter of 2026. According to capital market transaction filings from the Nigerian Exchange, the substantial surge lifted the total…
The government plans to deploy a large-scale mechanised farming model in Nigeria by adopting proven agribusiness strategies from Ethiopia to expand domestic crop production. Speaking during an official delegation tour in Ethiopia’s agricultural hubs, Vice President Kashim Shettima stated that…
FMDQ Group Managing Director and Chief Executive Officer Zeal Akaraiwe has called on financial regulators to expand hedging products in Nigerian market structures while foreign exchange conditions remain stable. Also read Naira Slips as FX Turnover Hits 1 Billion Dollars…
Sovereign securities continue to dominate fixed-income activity as government debt listings on NGX accounted for 80 percent of all new and supplementary listings in the first nine months of 2026. According to the latest X-Compliance Report published by Nigerian Exchange…
The naira among Africa’s most resilient currencies, stood out during second-quarter market turmoil, demonstrating remarkable stability compared to major regional peers. According to the October 2026 Africa Economic Update released by the World Bank, the local unit capped its maximum…
The naira slips as FX turnover hits 1 billion dollars in the official foreign exchange market, demonstrating strong liquidity depth while holding within a predictable trading corridor. According to transaction figures from the Nigerian Foreign Exchange Market (NFEM), the domestic…
