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Nigeria’s equity market grew by N1.4 trillion last week as institutional demand for blue-chip stocks remained high. The total value of listed companies on the Nigerian Exchange reached N131.17 trillion by Friday. This rally pushed the All Share Index up by 1% to cross the 200,000-point milestone. Large-cap stocks in the banking and industrial sectors…
Vladimir Putin has stepped into the diplomatic void left by the collapsed US-Iran peace talks. In a Sunday phone call to Iranian President Masoud Pezeshkian, the Russian leader offered to mediate a “just and lasting peace” for the Middle East. The Kremlin confirmed Putin’s readiness to facilitate a diplomatic settlement just as the American delegation…
Unidentified gunmen have murdered Eze Paulinus Ekwueme, the traditional ruler of Ochia Autonomous Community, and five others in a grisly attack in Imo State. The assailants intercepted the monarch’s entourage on Friday evening along the Asaa/Awara road in the Ohaji/Egbema Local Government Area. After shooting the victims, the attackers set their corpses ablaze. This act…
Four astronauts are bracing for a violent re-entry into the Earth’s atmosphere on Friday following a historic mission around the moon. The crew of Artemis II, the first humans to visit the lunar vicinity in over five decades, will conclude their journey with a splashdown in the Pacific Ocean. Victor Glover, the mission pilot, described…
The United States Department of State has ordered the evacuation of non-emergency staff and their families from its embassy in Abuja, citing a “deteriorating” security climate across Nigeria. This directive follows a sharp downgrade in Washington’s assessment of the country’s stability, now pegged at Level 3: Reconsider Travel. American officials warn that a combination of…
Nigeria is seeking to replicate Indonesia’s leap into a $1.4 trillion economy as the Tinubu administration pursues its own $1 trillion target. Senator Abubakar Bagudu, the Minister of Budget and Economic Planning, revealed this strategy following a visit from the Indonesian Ambassador, Bambang Suharto, in Abuja. The government intends to weave Indonesian developmental lessons into…
Only 10.5 per cent of Nigerian women in the workforce hold wage or salaried positions, according to the latest World Bank gender data. While female labour participation is high at 80.7 per cent, the vast majority of women are trapped in low-quality, informal roles. This structural imbalance leaves millions without income security or social protections….
Narcotics agents in Edo State have intercepted a massive haul of “skunk” cannabis as part of a renewed crackdown on regional trafficking hubs. On Monday, the National Drug Law Enforcement Agency (NDLEA) confirmed the seizure of 125 bags of the illicit weed, weighing a total of 1,378kg. The operation took place in the Igbanke community…
The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Code of Conduct Bureau (CCB) to court for failing to investigate the alleged illegal alteration of the Electoral Act and recent tax reform laws. In a suit filed at the Federal High Court in Abuja, the rights group claims that key provisions were surreptitiously “doctoring”…
US President Donald Trump has issued a 48-hour deadline for Iran to reopen the Strait of Hormuz or face “all-out hell” through overwhelming military action. The ultimatum, posted on Truth Social on Easter Sunday, follows six weeks of a joint US-Israeli campaign that has rattled global oil markets and left thousands dead. Trump’s warning coincides…
