Daniel Otera

ICPC Exposes Officials Behind Fake Presidential Council

  The Independent Corrupt Practices and Other Related Offences Commission has named senior federal officials who, it says, processed approvals, opened financial channels and allocated offices for the purported Presidential Foreign Intervention Promotion Council, an organisation the Presidency has said never existed. The findings are in the commission’s interim investigation report, ordered by President Bola…

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Profit-Taking Wipes N259.77bn Off NGX as ASI Slips 0.17 Per Cent

  Sustained profit-taking on the Nigerian Exchange on Wednesday cut N259.77 billion from investors’ wealth, as the All-Share Index fell 0.17 per cent to 238,682.92 points. Market capitalisation closed at N154.14 trillion, down from N154.40 trillion in the previous session. The decline extended the month-to-date loss to about 2.7 per cent, while the year-to-date return…

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FX Turnover Jumps 146% to $5.05bn

  Nigeria’s foreign exchange market has recorded its busiest week of 2026, with total turnover jumping 146.12 per cent to about 5.05 billion dollars in the week ended 21 August 2026, a level that points to steadily improving dollar liquidity in the official window and growing confidence in the naira. Data from FMDQ Securities Exchange…

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