•As foreign portfolio accounts for 95.7%  By Babajide Komolafe Capital importation  rose by 182 per cent, month-on-month to $3.37 billion in January from $1.25 billion in December, driven by a surge in foreign portfolio investment into bonds and money market instruments.  The Central Bank of Nigeria, CBN, disclosed this in its monthly economic report for January […]

By Henry Ojelu, Somtochukwu Nwabufo & Islamiyah Afolabi LAGOS — Nigeria will next week play host to some of the world’s leading arbitration experts, judges, Attorneys-General and business leaders as Lagos hosts the 10th edition of the International Chamber of Commerce, ICC, Africa Conference on International Arbitration. The high-profile conference, scheduled for June 3 to […]

By Babajide Komolafe United Bank for Africa (UBA) Plc, has deepened its longstanding relationship with the academic community and reaffirmed its commitment to innovation, youth empowerment, and nation-building by commissioning the UBA Innovation Hub and Business Office at the University of Lagos (UNILAG).  The landmark facility was commissioned by the Group Chairman, UBA, Tony Elumelu, represented […]

By Olasunkanmi Akoni Lead Visioner of Lagos4Lagos Movement and a leader of All Progressive Congress, Olajide Adediran, popularly called Jandor, the Lead Visioner of Lagos4Lagos has urged Muslims in Lagos State and Nigeria to embrace the lessons of the Eid-el-Kabir festival by promoting peace, unity, tolerance and compassion. Adediran described Eid-el-Kabir as a season that […]

The Nigerian naira traded within a narrow range against the United States dollar on Tuesday, May 26, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market amid continued efforts by the Central Bank of Nigeria to stabilise the foreign exchange market.

By Rosemary Iwunze Following the expiration of the April 30, 2026 deadline for the linkage of National Identity Number, NIN, to insurance policies, insurance companies have said they will no longer honour claims from policyholders who fail to comply with the directive. Head of the Publicity Committee of the Insurers Committee, Mrs. Ebelechukwu Nwachukwu, disclosed this […]

By Adeola Badru Waste management operators in Oyo State, have thrown their weight behind Governor Seyi Makinde, praising what they described as his deliberate and strategic political coalition-building ahead of the 2027 general elections, which they believed could reshape governance and development outcomes in the state. The endorsement came from members of the Lere Adigun […]

Three former aspirants in the just-concluded senatorial primary of the All Progressives Congress (APC) for the Imo North Senatorial District — Longers Anyanwu, Gloria Akobundu and Kennedy Ike Odoeme — have said their decision to step down for the incumbent senator, Patrick Ndubueze, was voluntary.

By Emmanuel Iheaka OWERRI — Youths in Umuadara, Umulogho community in Obowo Local Government Area of Imo State have apprehended a suspect linked to the killing of Wendy Achumba, a student of the College of Nursing, Obowo. A community source said the operation was led by the youth leader, Chidiebere Iweajunwa, following an investigation by […]

By Efe Onodjae Challenges arising from backlog clearing documents at the National Agency for Food and Drug Administration and Control, NAFDAC, and the Standards Organisation of Nigeria, SON, have slowed operations on the National Single Window, NSW, cargo clearing platform in the early phase of its rollout, officials NSW have disclosed. Speaking during a media engagement […]

By Victor Ahiuma-Young Manufacturers under the aegis of the Association of Food, Beverage and Tobacco Employers, AFBTE, have indicated that its operating environment in Nigeria is worsening. It cited excessive taxes and levies, high interest rate, insecurity, poor infrastructure and unstable power supply as major threats to business survival. The employers warned that despite recent macroeconomic […]

By Yinka Kolawole Manufacturing firms across Nigeria are increasingly turning to natural gas as rising diesel prices continue to push up production costs and threaten profitability in the industrial sector. Industry stakeholders said the shift has become necessary as manufacturers grapple with high energy costs, unstable power supply and foreign exchange pressures that have worsened the operating […]

By Elizabeth Adegbesan  Nigeria’s Gross Domestic Product (GDP) rose to 3.89 per cent in the first quarter of this year, Q1’26, representing a 0.76 percentage point increase from the 3.13 per cent recorded in the same period of 2025, Q1’25. However, the GDP growth in Q1’26, represents a 0.18 percentage points decline from the 4.07 per […]

Bauchi-A wave of resignations and growing discontent has hit the All Progressives Congress, APC, in Bauchi State, following the party’s primaries ahead of the 2027 general elections.

By Anayo Okoli ENUGU—Notable Igbo Youth leader, Ambassador Arthur Obiora, has called on the governors of the ruling All Progressive Congress, APC, to drop the idea of removing Governor Hope Uzodimma of Imo State as their chairman, urging them to continue to work as a united team ahead of the 2027 elections. Obiora, a former“Ohanaeze […]