Obi-Kwankwaso Ticket Will Not Step Down, Says NDC
Rabiu Kwankwaso has ruled out any possibility of the Nigeria Democratic Congress withdrawing its presidential…
Obi-Kwankwaso Ticket Will Not Step Down, Says NDC
Rabiu Kwankwaso has ruled out any possibility of the Nigeria Democratic Congress withdrawing its presidential ticket for the African Democratic Congress or any other party, ending days of speculation about an opposition merger ahead of the January 2027 election. Kwankwaso, the NDC’s vice-presidential candidate, made the position in a statement on his verified Facebook page…
Emmanuel Uduaghan, Former Delta Governor, Dies At 71
Former Delta State Governor Emmanuel Eweta Uduaghan died on Monday morning, three days before his 72nd birthday, according to a family statement signed by Toju Andre Uduaghan. He was 71 and had reportedly been ill. Born on October 22, 1954, Uduaghan was a medical doctor before he entered public life, serving as Commissioner for…
Sokoto Moves To Launch Shariah-Compliant Microfinance Bank
The Sultanate Council is working to establish the Caliphate Islamic Microfinance Bank, a Shariah-compliant lender intended to fight poverty, create jobs and support small businesses across Nigeria and the West African sub-region. The Sultan of Sokoto, Alhaji Sa’ad Abubakar, disclosed this in Sokoto on Sunday at the opening of a three-day training programme on Baitul…
Musk Promises SpaceX Shares To 73 Million US Children
Elon Musk said on Monday that he will give one of his SpaceX shares to every child in the United States next year, a promise that would transfer billions of dollars in equity but which leaves the mechanics of the scheme almost entirely undefined. “Next year, I will give one of my SpaceX shares to…
Former Delta Governor Emmanuel Uduaghan Dies At 71
Former Delta State governor Emmanuel Eweta Uduaghan died on the morning of Monday, 19 October 2026, following a brief illness just three days before his seventy-second birthday. A statement signed by Toju Anire Uduaghan on behalf of the family confirmed the passing of the medical doctor who governed the oil-bearing southern state between 2007 and…
Qatar Warns Energy Crisis Has Not Peaked
Global energy markets face their worst disruptions yet as the widening war involving the United States, Israel, and Iran threatens international sea lanes, Qatar warned on Monday, 19 October. Qatari Deputy Prime Minister Sheikh Saoud bin Abdulrahman Al Thani told delegates at the Global Security Forum in Doha that world consumers must brace for severe…
Petrol Discount Could Cost N1.77trn, Report Warns
The Federal Government’s petrol relief package could cost as much as 0.4 per cent of Gross Domestic Product, or about N1.77 trillion, according to BMI, a Fitch Solutions company. The estimate, contained in a report titled “Fuel Discount Mechanism Raises Macro Risks in Nigeria”, covers a package announced by Finance Minister Taiwo Oyedele on October…
FG Rejects World Bank Debt Servicing Figures
Nigeria pushed back sharply against the World Bank on Sunday after the multilateral lender claimed debt servicing consumed 124% of federal revenue during the first half of 2026. The Federal Ministry of Finance issued a statement in Abuja faulting the bank’s arithmetic, arguing that foreign economists compared mismatched ledgers by stacking sub-national external obligations against…
Asian Stocks Slip As Tech Woes Mount
Asian equity markets stumbled across Sydney, Tokyo, and Taipei on Monday, 19 October, as acute investor dread over the crushing capital requirements of artificial intelligence completely erased early optimism from Beijing, where third-quarter economic growth beat forecasts at 4.5% alongside a resilient rebound in domestic retail spending. Tech euphoria now faces cold arithmetic. Fund managers…
NGX Sheds N534bn As Profit-Taking Overrides Falling Inflation
Nigerian equities fell for a third consecutive week despite headline inflation easing for a fourth straight month, a divergence that points to profit-taking rather than any reappraisal of the macroeconomic outlook. The benchmark All-Share Index shed 0.33 per cent week-on-week to close at 247,539.73 points last Friday, down from 248,363.55 points a week earlier….