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Nigeria’s equity market grew by N1.4 trillion last week as institutional demand for blue-chip stocks remained high. The total value of listed companies on the Nigerian Exchange reached N131.17 trillion by Friday. This rally pushed the All Share Index up by 1% to cross the 200,000-point milestone. Large-cap stocks in the banking and industrial sectors…
Nigeria’s manufacturing sector bolstered the national treasury with over N2 trillion in tax contributions last year. Data from the National Bureau of Statistics show Value Added Tax (VAT) from factories reached N1.17 trillion, a 45% jump from 2024. Company Income Tax (CIT) followed a similar path, rising by a third to N881 billion. These figures…
More than 60 people are confirmed dead after a military airstrike on Jilli market along the Borno-Yobe border, with injured victims evacuated to hospitals in Geidam and Damaturu, intensifying demands for accountability over civilian casualties. The Nigerian military defended the operation as intelligence-led, stating it targeted an ISWAP logistics hub, even as it ordered…
Nigeria’s electricity grid added 349 megawatts of power over the last fortnight. Generation rose to 4,300MW on April 10 from 3,951MW in late March. This modest increase follows a pledge by the Minister of Power, Adebayo Adelabu, to stabilise a perennially fragile system. The improvement rests almost entirely on a steadier flow of gas to…
Victor Osimhen is on track to return for Galatasaray’s crucial Super Lig clash against Fenerbahçe in two weeks after being reintegrated into squad training on Saturday, marking a significant boost for the title-chasing side. The 27-year-old Nigerian striker has been sidelined with an arm injury sustained against Liverpool in the UEFA Champions League play-off…
The Nigerian Meteorological Agency has warned of thunderstorms, rainfall and strong winds across parts of the country on Monday, April 13, urging residents and operators to take safety precautions. In its forecast released on Sunday, NiMet said northern states will experience sunny conditions in the morning, with “isolated thunderstorms over Adamawa and Taraba” expected…
Meta Platforms, Inc. has approached the Court of Appeal challenging a Lagos State High Court judgment awarding human rights lawyer Femi Falana (SAN) $25,000 in damages over a video publication alleged to have violated his fundamental rights. The appeal, dated April 10, 2026, arises from Suit No. LD/18843MFHR/2025, wherein Justice O. A. Oresanya entered…
The Supreme Court will hear an appeal on Tuesday from Senator David Mark, the embattled National Chairman of the African Democratic Congress (ADC), as he fights to reclaim his leadership. Mark is seeking a stay of execution on a March 12 Court of Appeal judgment that effectively stripped him of his position. The apex court’s…
Vladimir Putin has stepped into the diplomatic void left by the collapsed US-Iran peace talks. In a Sunday phone call to Iranian President Masoud Pezeshkian, the Russian leader offered to mediate a “just and lasting peace” for the Middle East. The Kremlin confirmed Putin’s readiness to facilitate a diplomatic settlement just as the American delegation…
The Socio-Economic Rights and Accountability Project (SERAP) has asked President Bola Tinubu to investigate the suspected diversion of ₦2.9 billion at two federal agencies. The demand targets the Nigerian Communications Satellite Ltd (NIGCOMSAT) and the Nigerian Nuclear Regulatory Authority (NNRA). SERAP cited findings from a 2025 Auditor-General report detailing systemic financial mismanagement. The group gave…
