Ebenezer Chukwudi

Customs Seize N1.3bn In Smuggled Vegetable Oil

Customs Seize N1.3bn In Smuggled Vegetable Oil

The Nigeria Customs Service has intensified its nationwide border crackdown on illicit agricultural imports, intercepting smuggled vegetable oil products worth 1.31 billion naira. Comptroller-General of Customs Adewale Adeniyi confirmed that the service recorded 65 distinct seizures in 2025 and an additional 23 interceptions during the first half of 2026. The combined duty-paid value of the…

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Three Dead as Warri-Itakpe Train Derails

Three Dead as Warri-Itakpe Train Derails

A serious passenger train derailment along the Warri–Itakpe rail corridor has left three people dead and multiple coaches destroyed in Delta State. The fatal accident occurred on Monday near the Agbor axis as the train traveled from Ujevwu station toward its northern terminus. Four commercial coaches left the tracks during transit, causing chaos as hundreds…

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Court Begins Speedy Trial in ADC Leadership Tussle

Court Begins Speedy Trial in ADC Leadership Tussle

The Federal High Court in Abuja commenced an accelerated hearing today in a high-stakes legal battle challenging the legitimacy of the African Democratic Congress leadership under former Senate President David Mark. Justice Peter Lifu activated the fast-track trial schedule following explicit directives from the Supreme Court to resolve the internal party crisis expeditiously. The plaintiff,…

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NGX Erases N4.9trn in Sudden Profit-Taking Wave

NGX Groups Braces for Pan-African Dangote Refinery IPO

The Nigerian Exchange Group is positioning the upcoming initial public offering of the Dangote Petroleum Refinery as a continental investment opportunity rather than a local affair. Group Chairman Umaru Kwairanga disclosed the cross-border listing strategy on Friday at the London Africa Summit. To broaden institutional participation, the exchange has already commenced formal engagements with multiple…

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NGX Erases N4.9trn in Sudden Profit-Taking Wave

Bear Run Wipes N5.1trn Off Nigerian Exchange

An aggressive wave of profit-taking wiped 5.15 trillion naira off the Nigerian Exchange in just four trading days. The sharp equity contraction marks a brutal start to June for domestic and foreign portfolio investors. Widespread sell-offs targeted previously resilient blue-chip corporations, dragging the market capitalisation down to 155.36 trillion naira. The sudden downturn ended a…

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Jimoh Ibrahim Becomes UN Budget Committee Chairman

Jimoh Ibrahim Becomes UN Budget Committee Chairman

Nigeria’s Permanent Representative to the United Nations, Senator Jimoh Ibrahim, has secured the chairmanship of the global body’s Fifth Committee. The 193-member General Assembly elected Ibrahim to lead the influential group responsible for administration, human resources, and the budget. The appointment positions a Nigerian diplomat at the core of the financial management of the United…

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