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Three passengers are dead, and one remains in intensive care following a suspected hantavirus outbreak aboard the MV Hondius. The vessel was travelling from Argentina to Cape Verde when a rare respiratory illness began to spread among those on board. World Health Organisation officials confirmed one case of the rodent-borne virus, while five other passengers…
The Nigerian Exchange Group (NGX) is minting money for its owners again. At its 65th Annual General Meeting in Lagos, the bourse operator secured approval for a N2.00 per share final dividend and a one-for-three bonus share issue. This payout follows a 2025 financial year that shareholders described as a turning point for the group….
A tiny club of 25 companies now controls nearly the entire Nigerian stock market. These blue-chip giants account for 89.96% of the N155.99 trillion total market value on the Nigerian Exchange. Data from the first four months of 2026 shows a market that is top-heavy and increasingly concentrated. Investors are piling into a few liquid…
Nigerian lenders are pulling back from the central bank’s safety net. Banks and merchant banks slashed their deposits with the Central Bank of Nigeria (CBN) by 28 per cent in April 2026. This retreat follows a decision by the Monetary Policy Committee to cut the headline interest rate to 26.5 per cent. Total deposits dropped…
The Central Bank of Nigeria has finally begun to coax cash back into the vaults. Fresh data show that currency outside banks (COB) fell for the second month straight, hitting N5.19 trillion in February 2026. This dip follows a long, stubborn climb where Nigerians seemed to prefer under-mattress storage to savings accounts. Bankers will view…
The state oil firm and private retailers in Abuja have raised petrol prices again, pushing the cost of a litre toward 1,500 Naira. This latest adjustment follows a year of relentless volatility that has left the capital city with empty roads and crowded bus stops. National oil company outlets now sell fuel at 1,364 Naira,…
Nigerian lawmakers have launched a sweeping investigation into how donor agencies spent $4.6 billion meant to fight HIV, malaria, and tuberculosis. The House of Representatives Committee on Infectious Diseases claims it will no longer tolerate the opaque spending habits of international partners. These funds arrived from the Global Fund and USAID between 2021 and 2025….
Firefighters in Ilorin prevented a total loss on Sunday after a power surge ignited a residential and commercial building. The blaze started before 5:00 a.m. at a property containing a two-bedroom flat and seven shops on Ijoro Street. Quick intervention limited the damage to a single shop, saving the rest of the structure. It is…
Two Nigerian internationals have made history by leading AS Roma Femminile to the Serie A title. Rinsola Babajide and Shukurat Oladipo are the first pair from the country to win the Italian top flight together. Roma sealed the trophy on Saturday with a 2-0 win over Ternana at the Stadio Tre Fontane. Manuela Giugliano scored…
Armed invaders killed at least four travellers along the Aila-Odugheho road in Benue State on Saturday. The victims fell into a lethal trap while moving through the Agatu Local Government Area. Locals named the deceased as Ochefije Elijah Ojema, Igojuju Husaini, Odiya Ochowechi, and Ochoyoda Adejo. This latest bloodshed highlights a shift in tactics by…
