NGX Rebounds as Market Capitalisation Reaches N165.11trn
Equities on the Nigerian Exchange closed the final trading session of October on a high…
NGX Rebounds as Market Capitalisation Reaches N165.11trn
Equities on the Nigerian Exchange closed the final trading session of October on a high note, pushing total market capitalisation up by ₦140.55 billion to settle at ₦165.11 trillion. Late institutional buying across industrial goods, consumer staples, and tier-one banking stocks erased early-week losses on the Lagos trading floor. The All-Share Index tracked the market…
Iran Claims Multiple Tanker Strikes in Hormuz
Iranian naval forces struck multiple oil tankers and intercepted an enemy drone across the Strait of Hormuz on 30 October 2026. The Islamic Revolutionary Guard Corps and the Iranian regular navy claimed that several vessels caught fire after hitting naval mines along unauthorised southern transit routes. Regional maritime authorities confirmed urgent rescue missions, with the…
Local Councils Receive N4.3tn FAAC Disbursements
Nigeria’s 774 local governments collected a net N4.3 trillion from the Federation Account between January and August 2026. Data compiled by research firm Nairalytics on Friday shows annualised council allocations set to reach N6.5 trillion by year-end, marking a 22.7 per cent surge over the N5.3 trillion recorded in 2025. The sharp fiscal expansion reflects…
FBI Offers Reward for Wanted Nigerian Woman
The Federal Bureau of Investigation announced a $ 5,000 reward on 30 October 2026 for information that could lead to the arrest of Emuobosan Emanuella Hall. The 46-year-old Nigerian national vanished in transit while attempting to dodge an eight-year federal prison sentence for complex financial fraud and romance schemes. US District Judge Nannette Jolivette Brown…
OPay Raises $304m in US Stock Listing
Financial technology giant OPay made its debut on the New York Stock Exchange on 30 October 2026, raising 304 million dollars through an initial public offering that values the firm at 4 billion dollars. Co-Chief Executive Officer Lars Rahbaek Boilesen joined veteran Nigerian regulator Shamsuddeen Usman in Manhattan to ring the opening bell under the…
Rail Crash Defiance
 Spain’s transport minister rejects resignation calls as the country mourns at least 69 victims killed in a high-speed rail collision near Toledo, the nation’s worst train disaster in over a decade. Emergency response teams pulled debris from the mangled wreckage of two high-speed passenger trains near the central Spanish town of Urda, marking the aftermath…
The Phantom Enrollment
 A Kenyan national’s American dream culminated in a federal indictment as US authorities uncover a massive $130 million student aid fraud ring operating across borders. Francis Mogambi arrived in the United States in May 2024 carrying the ordinary aspirations of a lottery winner. Having secured a visa through the official Diversity Visa programme, he transitioned…
PenCom Aggressive Pension Funds Surpass 20% Yield
High-growth aggressive pension funds delivered single-month investment returns exceeding 20 per cent in September, according to figures released by the National Pension Commission on 29 October 2026. PenCom Director-General Omolola Oloworaran announced the performance metrics during the launch of National Pension Week in Abuja. Equities and high-yielding money market assets drove the surge in retirement…
SSANU Threatens Action Over Unpaid Entitlements
Senior non-teaching staff in Nigerian universities threatened a fresh national strike on 30 October 2026 over unpaid salary adjustments and withheld entitlements. Senior Staff Association of Nigerian Universities President Mohammed Ibrahim issued the ultimatum in Abuja, demanding immediate payment of the thirty-five per cent salary review agreed in 2023. Union leaders rejected federal delays, warning…
Gunmen Kill Four in Fresh Plateau Attack
Gunmen killed four residents during a late-night raid on Sabon Angwa village in the Barkin Ladi Local Government Area of Plateau State on 29 October 2026. Armed gangs stormed the farming settlement near Bet and Zat around midnight, shooting indiscriminately at fleeing villagers. The violence erupted barely two days after suspected militia groups murdered seven…