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The Nigerian Exchange Limited closed Tuesday in negative territory, as investors moved to lock in gains from a sustained rally, triggering a broad sell-off that reversed Monday’s advances and shaved nearly three-quarters of a trillion naira from the market’s total value in a single session. The benchmark All-Share Index fell by 1,130.87 points, settling at…
Nigeria’s correctional system has long been a space where the state’s obligations to those in its custody receive little public scrutiny. That reality is now being forced into view. President Bola Tinubu has approved the deployment of 50 medical doctors and 100 nurses to hospitals inside the country’s correctional centres, a direct response to…
A Norwegian court has sentenced Daniel Daga, a Nigerian professional footballer and former Flying Eagles midfielder, to six months in prison after finding him guilty of committing a sexual act without consent. The verdict, delivered on Tuesday, marks one of the more high-profile criminal cases to touch Nigerian football at the junior international level…
Generative artificial intelligence is poised to reshape global labour markets, but new data from the International Labour Organisation confirms that women will bear a disproportionate share of the disruption, with female-dominated occupations facing nearly twice the exposure risk of male-dominated roles. The findings, published in the research brief titled “GenAI, Occupational Segregation and Gender…
Global crude oil markets recorded their first significant decline since the escalation of Middle East hostilities, with benchmark Brent crude falling 8.45 percent to 90 per barrel and United States West Texas Intermediate (WTI) dropping 8.58 percent to 86.77 per barrel on Tuesday. The correction follows Monday’s dramatic surge that pushed prices past 100…
Controversial Kaduna-based Islamic scholar Sheikh Ahmad Abubakar Gumi has asserted that the Nigerian government maintains comprehensive intelligence on the identities and precise locations of terrorists operating within the country, claiming that security agencies accompany him during engagements with armed groups in forest hideouts. In an interview with DRTV that began circulating on Tuesday, Gumi defended…
President Bola Ahmed Tinubu has formally submitted the 2026 statutory budget of the Federal Capital Territory Administration to the Nigerian Senate, seeking legislative approval for an estimated N1.9 trillion spending plan focused on infrastructure, healthcare, education, and poverty reduction programmes. Senate President Godswill Akpabio read the President’s letter on the chamber floor during Tuesday’s plenary…
The Ruwais refinery in Abu Dhabi, described by state oil company Adnoc as the world’s fourth-largest single-site refinery, has halted operations as a precautionary measure following a drone attack on the nearby industrial complex, a source confirmed on Tuesday. The shutdown comes as Saudi Aramco’s chief executive warned that the escalating Middle East conflict could…
President Bola Tinubu has described the death of former Super Eagles head coach and renowned football administrator, Festus Adegboye Onigbinde, as a profound loss to Nigerian football, praising the late sports icon for his pioneering contributions to the development of the game in the country. In a condolence message issued through his Special Adviser…
The African continent recorded the highest regional aviation accident rate in the world during 2025, even as global safety performance showed marginal improvement, according to the 2025 Annual Safety Report released on Monday by the International Air Transport Association (IATA). The report, which assesses the safety performance of the global aviation industry, indicates that…
