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The Malaysian Palm Oil Council is pursuing strategic local partnerships to fill Nigeria’s expanding supply deficit. Broad industrial growth and household consumption continue to outpace domestic refinery output. Malaysian trade officials see Nigeria as a crucial hub for regional expansion. Local production remains severely constrained by a lack of capital and infrastructure. The planned alliances…
The Nigerian stock market shed N2.4 trillion in its latest profit-taking wave. Institutional investors locked in returns from a record-breaking rally. Market valuations are hitting a temporary ceiling. Equity prices fell across key banking and industrial goods counters. Investors are recalibrating their risk exposure ahead of quarter-end results. This contraction tests local market resilience. Market…
The widow of late Nollywood comic actor John Okafor, popularly known as Mr Ibu, Stella Maris Okafor, has dismissed allegations that she secretly sold her late husband’s properties and pocketed the proceeds, insisting that every transaction was lawful and backed by a court order. Speaking in a video interview with content creator King Mitchy,…
A senior aide to President Bola Tinubu has moved to play down the political weight of Peter Obi ahead of the 2027 general elections, declaring that the former Anambra governor cannot repeat his 2023 upset victory in Lagos and no longer unsettles the administration. Sunday Dare, Special Adviser to the President on Media and…
Drake has thrown more than a billion naira behind Canada ahead of their FIFA World Cup Round of 32 clash with South Africa, and football fans who follow his betting record already know how dangerous that can be for the team he picks. The Canadian rapper placed a $770,000 wager, worth over N1 billion,…
The Federal Competition and Consumer Protection Commission has accused operators in Nigeria’s downstream petroleum sector of possible consumer exploitation, warning that pump prices have refused to fall in step with a steep collapse in global crude oil prices. In a statement issued on Sunday by its Director of Corporate Affairs, Ondaje Ijagwu, the commission…
A Republican congresswoman from South Carolina, Nancy Mace, has announced plans to introduce legislation that would bar immigration from Somalia, Sudan and South Sudan, framing the three African nations as security threats in a move that deepens an already sweeping crackdown on travellers from the continent. Mace disclosed the proposal on June 25, 2026,…
Former Vice President Atiku Abubakar has accused President Bola Tinubu’s government of plotting to suffocate Nigeria’s multiparty system, warning that the recent court reversal of the Nigeria Democratic Congress (NDC) registration is part of a wider design to clear the field before the 2027 general elections. The presidential candidate of the African Democratic…
Davido has ended a brief and unexpected hiatus with the release of “I Know Who I Be,” his first single of 2026, a cross continental record that pairs the Afrobeats heavyweight with South African artistes Jazzwrld and GL_Ceejay. The Nigerian singer, born David Adeleke, announced the release on his social media pages on Friday,…
A Boko Haram member who travelled abroad for weapons training before joining the deadly 2015 assault on Maiduguri has been sentenced to death by hanging, in the latest in a string of terrorism convictions handed down by the Federal High Court this year. Justice James Omotosho delivered the judgment in Abuja on Friday, convicting…
