Ayomide Kuku

FTSE Russell Restores Nigeria to Frontier Market Status

FTSE Russell Restores Nigeria to Frontier Market Status

FTSE Russell has returned Nigeria to its Frontier Market index, ending the country’s three-year stint in the investment wilderness. The global index provider announced the upgrade in its March 2026 review, moving Nigeria out of the “Unclassified” category it has occupied since September 2023. This reclassification takes effect on 21 September 2026, coinciding with the…

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Tehran Flags Border Violence as Peace Talks Stall

Iran Opens New Route Through Mine-Strewn Hormuz

Tehran has designated alternative shipping routes through the Strait of Hormuz, citing the presence of sea mines as it begins a tentative two-week reopening of the world’s most vital energy artery. The Islamic Revolutionary Guard Corps issued the directive on Thursday, instructing vessels to follow specific entry and exit paths to avoid “maritime safety hazards.”…

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Court Begins Speedy Trial in ADC Leadership Tussle

ADC Condemns Alleged Persecution of El-Rufai and Allies

The African Democratic Congress (ADC) has accused the Federal Government of using state security apparatus to launch a “troubling pattern of abuse” against former Kaduna Governor Nasir el-Rufai. At a press conference in Kaduna on Tuesday, party leaders claimed the government is orchestrating a campaign of harassment to dismantle opposition influence. This alarm follows a…

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NAICOM Hikes Microinsurance Capital to N3bn

NAICOM Hikes Microinsurance Capital to N3bn

The National Insurance Commission (NAICOM) has raised the minimum capital for national microinsurance firms to N3 billion. This sharp increase, contained in the 2026 licensing guidelines, seeks to force financial stability upon a sector designed to serve the poor. Previous requirements for national players stood at just N600 million. Regulators now demand a five-fold increase…

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