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The Nigerian armed forces have recorded a significant surge in the number of surrendering Islamic extremists across the troubled North-East region. High-ranking commanders and combatants from rival insurgent factions have increasingly abandoned their forest strongholds to surrender to frontline military units. State officials credit sustained battlefield pressure and targeted air interdictions for forcing these massive…
The NNPC Limited has remitted N19.5 trillion to the Federation Account over fourteen months following a series of structural operational overhauls. Bayo Ojulari, the group chief executive officer, announced the figures during an energy conference in Abuja. The state-backed energy firm also clawed back $3.4 billion in expenses through aggressive contract restructuring and procurement adjustments….
Nigeria has returned to the rank of Africa’s top five foreign direct investment destinations following a sharp recovery in long-term capital inflows. The latest World Investment Report by the United Nations Conference on Trade and Development reveals that direct inflows more than doubled to $4.01 billion. This represents a 148 percent surge from the $1.61…
The Economic and Financial Crimes Commission has secured the conviction of ten individuals for currency abuse in the South-South region. A federal court found the defendants guilty of violating laws that protect the national currency from defacement. This swift judicial outcome underscores a widening state campaign against practices that long defined Nigerian social gatherings. Enforcement…
The federal government has completed the emergency evacuation of 801 Nigerian nationals from South Africa following an escalation in local anti-immigrant hostility. The final batch of 268 returnees landed at the Murtala Muhammed International Airport in Lagos aboard a chartered wide-body aircraft. Coordinated by the Ministry of Foreign Affairs, the emergency repatriation operation relied on…
The federal government has called for an aggressive influx of development finance and private capital to achieve its ambitious $1 trillion economic target. Vice-President Kashim Shettima made the appeal during a high-level financial summit in Abuja on Thursday. The administration argues that public revenue alone cannot fund the massive infrastructure deficit blocking national growth. Officials…
Nine political parties have collected their official web access codes from the Independent National Electoral Commission. The All Progressives Congress, the African Democratic Congress, and the Labour Party lead the first batch of collectors. These codes grant access to the dedicated online candidate nomination portal. The development marks the official commencement of the electronic phase…
Activity in the Nigerian foreign exchange market jumped by 22% in June, hitting a significant multi-month high. The surge reflects improved liquidity and increased capital inflows across official trading windows. Market dealers attribute the spike to aggressive dollar interventions by the central bank. Corporate buyers also accelerated their foreign exchange sourcing to clear mid-year import…
Israeli forces launched fresh military strikes across southern Lebanon on Friday, violating a fragile regional truce on the 119th day of the Iran war. Prime Minister Benjamin Netanyahu declared that the Israeli military will not withdraw from newly occupied border zones. The Lebanese armed group Hezbollah accused Israel of deliberately targeting civilians trying to return…
The Nigerian equities market extended its positive momentum for the second consecutive session on Tuesday as renewed buying interest drove capital appreciation. The benchmark All-Share Index gained 2,524.00 points, representing a growth of 1.06 per cent to close at 240,743.19 points. Similarly, the total market capitalisation of listed equities rose by N1.64tn to settle at…
