The Central Bank of Nigeria stunned financial markets on Wednesday by raising key borrowing yields. In a surprising strategic move, the CBN hikes stop rates on the benchmark 364-day Treasury Bill to 17.59 percent. This decision comes even after investors…
Nigeria’s technology agency is taking concrete steps to strengthen national artificial intelligence capabilities and expand local digital infrastructure. Consequently, these strategic agreements reflect a growing commitment to positioning the country as a major digital hub across Africa. NITDA Digital Footprint…
The local equities market experienced a sharp pullback after days of consistent gains. Investors stepped in to lock in recent profits across major blue-chip companies. Consequently, the NGX market capitalization profit-taking drove total equity values down by N1.17 trillion in…
The Nigerian stock market valuation crossed a historic threshold this week. Local trading floors witnessed a strong rebound, propelled by intense demand for telecom equity. Investors watched index benchmarks jump following weeks of cautious trading. This surge highlights shifting liquidity…
Public infrastructure faces constant threats, but structural safety remains a non-negotiable priority for urban commuters. Governor Babajide Sanwo-Olu recently confirmed that crucial Lagos bridge fittings stolen by vandals along the Lagos-Badagry Expressway have been identified during a physical inspection. Speaking…
Efforts to finalize an agreement to reopen the strategic Strait of Hormuz hit a setback on Saturday after Iran introduced new preconditions, including demands for compensation covering its wartime losses. Tehran has maintained a virtual blockade on the vital global…
X social media platform, formerly known as Twitter has announced that it would the usual X Creators Revenue Sharing programme in favour of a new Original Content Rewards program, which will compensate creators for producing original content on the platform.…
The ICPC uncovers fake government agencies investigation has revealed two additional fictitious government bodies while probing the activities of Adeniyi Matthew Adeyemi, who allegedly paraded himself as the Director-General of the Presidential Foreign Intervention Promotion Council (PFIPC). Chairman of the…
Dangote Refinery has reduced the price of its Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (AGO), or diesel, nationwide. On Wednesday, the 700,000-barrel-per-day refinery cut its petrol gantry price to N1,165 per litre from N1,215…
No fewer than 176 abducted Kwara residents have regained their freedom months after they were kidnapped during the February 3, 2026 attack on Woro and Nuku communities in Kaiama Local Government Area of the state. The Kwara State Government announced…
Legal boundaries surrounding state finances remain a critical focal point in federal governance disputes. In a significant judgment upholding federalism principles, the Court of Appeal in Ado-Ekiti issued an injunction that permanently stops federal anti-graft agencies from probing state financial…
The Economic and Financial Crimes Commission (EFCC) has frozen an Osun State government account sitting with First Bank. It is reportedly used to house and pay state workers’ salaries. The freeze came just ten days before the state’s governorship election…
The Nigerian movie industry has been thrown into mourning as Tope Osoba, a Yoruba Nollywood actress and producer, has died at 40 years old. Her passing has left colleagues, fans, and loved ones devastated. Osoba died on Tuesday evening following…
President Bola Tinubu has approved salary increases of 30 to 80 percent for Nigeria’s armed forces personnel. The new armed forces salary increase will benefit about 250,000 staff and will take effect on September 1, 2026, according to a statement…
Creating a safer society requires active public participation and modern security frameworks. In a landmark step toward reforming law enforcement, the Federal Government has officially invited citizens to submit policy recommendations for a comprehensive statutory overhaul. The call for draft…
