The Nigerian equities market ended Friday on a stronger note as renewed demand for large-cap stocks drove the All-Share Index up 0.22% to close at 249,712.37 points. According to data posted by Bizwatch Nigeria, the gain added ₦344.23 billion to market capitalisation, pushing total value to ₦160.08 trillion and...
By NGOBUA JOHNNIE, Abuja
The Nigerian equities market closed lower for the week ended May 22, 2026, as renewed profit-taking in key stocks pushed the benchmark index into negative territory and halted a seven-week bullish run. At the close of trading, the Nigerian Exchange (NGX) All-Share Index declined by 618.55 points, or 0.25...
In a strategic move to reclaim lost cargo traffic and bolster its position as a maritime powerhouse in Africa, the Nigerian Federal Government has approved certification and compliance processes for five proposed deep seaport projects. This initiative aims to address the significant cargo traffic losses Nigeria currently suffers to...
In politics, some victories are wins. Others are reaffirmations. Senator Ifeanyi Araraume’s decisive victory in the APC senatorial primary for Imo North, winning across all 54 wards, falls in the second category. At a time when political loyalties shift quickly, the outcome sent a message beyond party mechanics: some...
Members of the All Progressives Congress (APC) in Borno State on Saturday turned out in large numbers to overwhelmingly endorse President Bola Ahmed Tinubu during the party’s presidential primary election conducted across the 312 wards of the state. From the Maiduguri metropolis to remote hinterland communities, enthusiastic party supporters...
Nigeria Customs Service (NCS) has emphasised the importance of stronger collaboration, intelligence sharing, and inter-agency synergy in addressing terrorism financing, money laundering, wildlife trafficking, and other forms of transnational organised crimes. The Comptroller-General of Customs, Adewale Adeniyi, disclosed this during a study tour by the Operational Level Countering the...
Nigeria Customs Service (NCS) has renewed its commitment to boosting legitimate trade with China and clamping down on illicit economic activities. The move centres around intensifying enforcement and strengthening bilateral cooperation to create a more secure and streamlined economic partnership between both nations. The Comptroller-General of Customs, Adewale Adeniyi...
President Bola Ahmed Tinubu, the All Progressives Congress (APC) presidential aspirant for the 2027 general elections, has recorded a clean sweep in Mafa Ward of Borno State – the home ward of Governor Babagana Umara Zulum. The direct primary election was conducted at Mafa Central Primary School and presided...
Federal Government has strengthened its education and skills partnership with the United Kingdom to prepare Nigerian youths for global job opportunities through expanded Technical and Vocational Education and Training (TVET), digital skills development, and industry-led apprenticeship programmes under the Renewed Hope Agenda of President Bola Ahmed Tinubu. The Minister...
Anambra State Government has issued a new directive requiring traders in the state’s 41 major markets to formally notify market authorities before closing their shops on market days. This measure aims to curb unauthorized shutdowns that have long disrupted commerce in the region. The directive was adnnounced through the...
Nigerian equities market closed higher on Friday, with investors gaining N344 billion as gains in Aluminium Extrusions, RT Briscoe, and Learn Africa lifted market value. The All-Share Index advanced to 249,712.37 points from 249,175.39 points recorded in the previous session. Equity capitalisation rose to N160 trillion from N159.7 trillion...
Nigeria’s Eurobond yields closed higher across most maturities on Thursday, reflecting cautious investor sentiment in the international debt market despite relatively stable bond prices, according to data released by the Debt Management Office (DMO). The DMO’s latest pricing sheet showed that Nigeria’s sovereign Eurobonds recorded yields ranging from 5.655...
World Health Organisation (WHO) has raised the Ebola risk level in the Democratic Republic of Congo from high to very high following a sharp rise in suspected infections and deaths linked to the outbreak. WHO Director-General Tedros Adhanom Ghebreyesus described the situation as “deeply worrisome,” revealing that nearly 750...
Taraba State Governor, Agbu Kefas has been declared the winner of the All Progressives Congress (APC) governorship primary election in the state. The announcement was made by the electoral committee. Three aspirants contested the primary: Governor Kefas, former Minister of Works Alhaji Sambo Jaji, and Chief David Sabo Kente....
Managing Director and CEO of Nigeria LNG Limited (NLNG) Adeleye Falade announced that NLNG’s Train 7 project is playing a pivotal role in enhancing Nigerian Content and expanding the country’s industrial capacity within the oil and gas sector. According to City BusinessNews report posted on May 22, the MD/CEO...
Plateau State Governor, Caleb Mutfwang has emerged as the governorship candidate of the All Progressives Congress (APC) in the state after securing an overwhelming victory in the party’s primary election conducted across the 17 local government areas of the state. Governor Mutfwang defeated fellow aspirant, Yilchini Bida, in the...
Senator representing Taraba North Senatorial District, Shaibu Isa Lau, has emerged as the candidate of the All Progressives Congress (APC) for the 2027 senatorial election. Lau secured victory at the party’s primary election conducted across the six local government areas that make up Taraba North Senatorial District. Announcing the...
Dr. Aondoaseer Gbe Benjamin Orduen — popularly known as AG-BEN — has won the African Democratic Congress (ADC) ticket for the Vandeikya/Konshisha Federal Constituency ahead of the 2027 general elections. AG-BEN secured the ticket following a party primary held on Thursday, May 21, 2027, where delegates and stakeholders overwhelmingly...
The remains of Adesiyan Adegboye, the teacher killed during last Friday’s deadly bandit attack in Oriire Local Government Area of Oyo State, have been laid to rest in Ogbomoso. Adegboye, 49, was honoured by family members, colleagues and sympathisers during a funeral service held at Ayegun Baptist Church before...
Governor Babagana Unara Zulum of Borno State on Friday formally presented the All Progressives Congress (APC) governorship candidate for the state, Engr. Mustapha Gubio, to President Bola Ahmed Tinubu at the Aso Rock Villa, Abuja. He lauded President Tinubu’s unwavering commitment to peace and reconstruction in the Northeast, noting...