Augustine Nze

Kidnappers Extort N7.78bn as Boko Haram Dominates

Kidnappers Extort N7.78bn as Boko Haram Dominates

Kidnapping syndicates extorted N7.78 billion in cash payments across Nigeria between July 2025 and June 2026, according to a report by SBM Intelligence. The Lagos-based geopolitical research consultancy documented 1,713 separate kidnap incidents involving 7,825 victims within the twelve-month cycle. Total ransom payments more than tripled from the N2.56 billion recorded in the previous annual…

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US Warns Hormuz Blockade Worsens Nigeria Food Crisis

US Warns Hormuz Blockade Worsens Nigeria Food Crisis

American diplomats warned the United Nations Security Council on Tuesday, 25 August 2026, that Iran’s chokehold on the Strait of Hormuz will deepen acute food insecurity across Nigeria and sub-Saharan Africa. United States Alternate Representative for Special Political Affairs, Ambassador Jennifer Locetta, told the Council in New York that maritime obstructions in the Persian Gulf…

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US Declares Economic War as Iran Threatens Hormuz

US Declares Economic War as Iran Threatens Hormuz

The United States opened a broad financial offensive against Iran on Monday, 24 August 2026, promising an economic campaign designed to sever the country from global commerce. United States Treasury Secretary Scott Bessent announced what he termed an economic offensive to choke off every foreign financial channel sustaining the Islamic Republic. The White House ordered…

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Investors Gain N1.29tn as Sovereign Upgrade Lifts NGX

Thirteen Listed Firms Pay N861bn Interim Dividends

Thirteen companies listed on the Nigerian Exchange paid out 861.6 billion naira in interim dividends for the first half of 2026. The substantial cash return reveals surprising resilience among top corporate earners despite severe operating headwinds across the country. Large commercial banks, agro-industrial producers, and select consumer goods makers drove the bulk of these half-year…

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