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Nigerian stocks extended their upward trajectory in May as corporate earnings reports triggered a fresh wave of domestic buying. Data from the Nigerian Exchange Limited showed equity investors accumulated over N4.514 trillion in capital gains during the month. The market also staged a swift recovery from its late-May wobble. It reclaimed N431 billion in total…
Nigeria spent $2.34 billion on food imports in 2025, representing a 7.37 per cent decline from the $2.53 billion recorded in 2024, according to data published in the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin. The figures, modest on the surface, carry deeper significance when placed within the broader context of how Africa’s…
The Nigerian naira appreciated slightly against the United States dollar on Monday morning to open the trading week on a positive note. Data from the official foreign exchange market showed the local currency strengthened to 1,370.98 naira per dollar. This subtle gain marks a recovery from the sharper swings observed late last month. Local currency…
American warplanes bombed targets in southern Iran on Monday as a delicate ceasefire proposal showed signs of unraveling. The Pentagon directed strikes against Iranian military sites in Qeshm and Goruk. This action followed a series of drone and missile threats to regional shipping channels. Meanwhile, Kuwaiti air defences intercepted several hostile missiles over the Gulf….
The political landscape ahead of Nigeria’s 2027 general election continues to shift at a pace that is testing the stability of the country’s opposition structures, and few developments in recent weeks have illustrated this more clearly than the fracturing of the Peoples Democratic Party and the scramble to redefine loyalties that has followed. At…
A war of words has broken out between former Vice President Atiku Abubakar and Minister of the Federal Capital Territory Nyesom Wike, after the minister publicly declared that Atiku’s African Democratic Congress (ADC) would fail to secure 10 per cent of votes in Rivers State during the 2027 presidential election. Wike made the declaration…
A fierce political confrontation has broken out between the Minister of the Federal Capital Territory, Nyesom Wike, and prominent civic activist Aisha Yesufu, following the collapse of her senatorial ambition under the Nigeria Democratic Congress platform in the FCT. Yesufu, a longstanding voice in Nigeria’s civil activism space and a co convener of the…
More than 1,100 people are suspected of having contracted the Ebola virus across the Democratic Republic of Congo and neighbouring Uganda, the African Union’s continental health agency has confirmed, raising fears that the outbreak could escalate rapidly across central and east Africa. In a commentary published in the Financial Times on Sunday, the Director…
Paris Saint-Germain winger Khvicha Kvaratskhelia has been named the UEFA Champions League Player of the Season for the 2025/26 campaign, capping a remarkable European season in which the Georgian international helped the French champions retain their continental crown and reshape the balance of power in European football. The announcement, made by UEFA’s Technical Observer Group,…
South Africa’s senior national football team, Bafana Bafana, has been forced to postpone its departure for the 2026 FIFA World Cup after a sweeping visa crisis stranded several players and officials in Johannesburg, throwing the country’s first World Cup campaign in 16 years into early disarray. The squad had been scheduled to depart for…
