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The Nigeria Security and Civil Defence Corps sealed the Kaduna branch of Inner Galaxy Steel Company for allegedly operating a multi-billion-naira railway vandalism syndicate. A clinical raid conducted by the Commandant General’s Special Intelligence Squad resulted in the immediate arrest of twelve key suspects at the facility. Security operatives launched the sting operation following a…
The African Democratic Congress commences the selection of its presidential candidate for the 2027 general election today, with party members across the 36 states and the Federal Capital Territory expected to participate in what observers describe as one of the most consequential opposition primaries in recent years. The party has settled on the direct primary…
President Bola Tinubu secured his place on the 2027 presidential ballot by winning the All Progressives Congress nationwide direct primary election with 10.99 million votes. The National Primary Election Committee announced the landslide victory after counting ballots across the thirty-six states and the Federal Capital Territory. The incumbent comprehensively defeated his sole internal challenger, Stanley…
The Nigeria Civil Aviation Authority has placed eleven domestic airlines on an immediate “No-Pay-No-Service” sanction list over unremitted statutory charges. The strict enforcement action bars all internal regulatory departments from rendering administrative or operational services to the affected carriers. An internal agency memo dated May 22, 2026, confirmed that the suspension will remain in place…
Nairametrics Set To Host Second Capital Market Awards As Retail Investor Activity Surges Nairametrics, one of Nigeria’s foremost business and financial intelligence platforms, is preparing to host the second edition of its Capital Market Awards as part of broader efforts to deepen engagement with the country’s capital market ecosystem amid a renewed wave of investor…
The Nigerian Association of Liquefied Petroleum Gas Marketers raised the alarm on Monday over a severe supply squeeze that pushed retail cooking gas prices above N1,500 per kilogramme. The commodity recently traded under N1,000 before worsening depot bottlenecks disrupted the domestic supply chain. Depot operators have hiked bulk pricing to between N25.2 million and N26.2…
Global crude prices tumbled as traders weighed erratic diplomatic signals regarding a potential peace deal to end the US-Israel war on Iran. Brent crude fell 5 percent on Sunday to stand at $98.47 a barrel for July futures. This represents a 9 percent drop over the past month. Despite the decline, global prices remain more…
Arsenal officially lifted the Premier League trophy on Sunday after concluding their victorious domestic campaign with a 2-1 win at Crystal Palace. Gabriel Jesus and Noni Madueke scored at Selhurst Park to secure the club’s twenty-sixth victory of the season. Mikel Arteta’s squad had already clinched the title on Tuesday night when nearest rivals Manchester…
Nigeria maintained its position as the third-largest global borrower from the World Bank’s International Development Association despite a marginal reduction in its debt stock. The nation’s outstanding exposure to the concessional lending arm stood at $18.5 billion as of March 31, 2026. This figure marks a slight 1.7 percent drop from the $18.7 billion recorded…
The African Export-Import Bank posted a 25 percent increase in net income for the first quarter of 2026 as expanded trade lending outpaced falling global interest rates. Profit for the three months ending March 31 rose to $268.9 million, up from $215.4 million during the same period last year. The Cairo-based multilateral lender attributed the…
