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The Nigerian Exchange extended its bearish run as profit-taking in the industrial and insurance sectors dragged performance indicators lower. The All-Share Index dropped by twenty-five basis points to close a subdued trading session. Institutional investors led the retreat by liquidating positions in recently appreciated mid-cap equities. The downturn mirrors growing caution on Broad Street as…
The African Export-Import Bank posted a 25 percent increase in net income for the first quarter of 2026 as expanded trade lending outpaced falling global interest rates. Profit for the three months ending March 31 rose to $268.9 million, up from $215.4 million during the same period last year. The Cairo-based multilateral lender attributed the…
Thai authorities have dismantled a sophisticated internet fraud syndicate, arresting six Nigerian men in Nonthaburi for operating an artificial intelligence-driven romance scam. Coordinated police units raided three luxury riverside condominium units near the Phra Nangklao Bridge following an intensive cross-border financial trail. Investigators discovered that the syndicate deliberately targeted older Thai women, extracting millions of…
Former Rivers State Governor Rotimi Amaechi has positioned himself as the most viable presidential candidate for the African Democratic Congress (ADC) ahead of the 2027 general election. Speaking in Abuja following his successful clearance by the party’s screening committee, the former Minister of Transportation argued that his extensive administrative track record makes him the best…
The Nigerian National Petroleum Company Limited plans to cede a majority stake in the Port Harcourt and Warri refineries to Chinese investors. The state oil firm is pursuing an NLNG-style equity partnership that would give external buyers a 51 per cent controlling share. This structural shift moves away from traditional rehabilitation contracts toward direct asset…
The National Youth Service Corps has partnered with the National Identity Management Commission to streamline biometric verification for prospective corps members nationwide. This collaboration aims to eliminate the frequent database bottlenecks that delay the registration of university and polytechnic graduates. Under the new arrangement, the youth scheme will directly use the national identity database to…
A severe skills gap across African economies threatens to slow continent-wide economic growth, weaken worker productivity, and derail job creation. The World Bank issued the warning in its latest assessment of sub-Saharan labor markets on May 20. The global financial institution noted that regional educational pipelines are failing to produce a workforce equipped for modern…
Twenty-two years. That is how long Arsenal supporters have waited for a sentence this simple: Arsenal are champions of England. It ended, as these things so often do in football, not with a winner at the Emirates, not with a last-minute redemption arc, but with a 1–1 draw in Bournemouth on a Tuesday night in…
The Dangote Petroleum Refinery has reduced the price of its aviation fuel to 1,650 Naira per litre from 1,750 Naira. The 100 Naira reduction follows a series of state-led interventions designed to prevent the grounding of domestic flight operations. Alongside the price cut, the refinery has introduced a 30-day interest-free credit facility for registered oil…
The Economic and Financial Crimes Commission has issued a formal apology following a chaotic raid by its operatives at the University of Uyo Teaching Hospital. The commission chairman, Ola Olukoyede, directed the apology to Eyo Ekpe, a professor of cardiothoracic surgery who serves as deputy chairman of the medical advisory committee. The anti-graft agency also…
