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The Nigerian Exchange added more than N10 trillion to its market value this week as investors chased industrial and consumer stocks. Total market capitalisation climbed to N155.994 trillion despite the trading floor closing on Wednesday for the Workers’ Day holiday. The All-Share Index rose by 7.33 per cent to close at 242,277.81 points. This surge…
The United States is assembling a global maritime coalition to break Iran’s grip on the Strait of Hormuz. Diplomats in Washington have issued an internal directive to embassies worldwide, urging foreign governments to join the “Maritime Freedom Construct.” This American-led bloc aims to restore commercial traffic through a waterway that handles 20% of the world’s…
FIFA has increased its total financial distribution for the 2026 World Cup to $871 million, a substantial rise from the previously announced $727 million. This injection responds to mounting pressure from member associations concerned about the prohibitive costs of travel, taxation, and logistics for the expanded 48-team tournament. Each qualified team will now receive $2.5…
The Nigeria Police Force has dismantled a significant railway vandalism ring, recovering stolen infrastructure valued at over N400 million. Operatives from the Force Intelligence Department Special Tactical Squad (FID-STS) arrested two suspects, Chisom Goodnews and Ahmed Adamu, on April 9 in Akwanga. The arrests followed a period of intense intelligence gathering. Police successfully intercepted a…
The National Drug Law Enforcement Agency has notched a significant security victory following the interception of 10,000 pills of Captagon in Kwara State. Officers patrolling the Bode Saadu Road apprehended 33-year-old Nasiru Mu’azu on April 21, uncovering the amphetamine stash alongside a supply of the opioid Tapentadol. Captagon, a drug synonymous with insurgent groups and…
The Nigerian football community mourns the sudden passing of former Super Eagles forward Michael Eneramo. He collapsed and died on Friday morning during a local friendly match in Ungwan Yelwa, Kaduna. The 40-year-old reportedly suffered a cardiac arrest five minutes into the second half of the game. He had completed the first half before the…
President Donald Trump will invite Vladimir Putin to December’s G20 summit in Miami. The administration maintains that all members must attend the leaders’ gathering. This move signals a deliberate shift in Western diplomatic posture. It prioritizes direct engagement over the isolation seen since 2022. The Kremlin has yet to confirm the Russian leader’s attendance. Trump…
The Nigerian National Petroleum Company (NNPC) Limited has significantly scaled its crude supply to the Dangote Oil and Gas Company, delivering over 1.03 million metric tonnes of crude in April 2026. This volume equates to roughly 6.8 million barrels or 1.08 billion litres. Eight major cargoes handled by the NNPC trading arm facilitated this flow,…
Apple announced on Monday that John Ternus will succeed Tim Cook as Chief Executive Officer, effective September 1, 2026. Mr. Cook, who has helmed the technology giant for 15 years, will transition to the role of Executive Chairman of the Board. He will continue to serve as CEO throughout the summer to ensure a seamless…
Pension fund assets tied to Federal Government of Nigeria (FGN) debt securities climbed by 16.9 per cent year-on-year to N16.925 trillion in February 2026. This figure stood at N14.468 trillion during the same period last year. The total net asset value of the pension industry grew by 28.7 per cent to N29.426 trillion over the…
