NDLEA declares drug kingpin, three associates wanted over meth lab, freezes ₦9.8bn accounts

NDLEA declares drug kingpin, three associates wanted over meth lab, freezes ₦9.8bn accounts

By Olasunkanmi Akoni The National Drug Law Enforcement Agency (NDLEA) has declared a suspected drug kingpin, Nnamuka Kelvin Uchenna, also known as Odogwu, and three of his associates wanted over alleged involvement in the establishment of a clandestine methamphetamine laboratory, production of illicit drugs and money laundering. The three other suspects declared wanted are Emmanuella […]
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Transcorp Power reports resilient H1 2026 performance amid power sector challenges

Transcorp Power reports resilient H1 2026 performance amid power sector challenges

Transcorp Power Plc, one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc (“Transcorp Group”), announced its unaudited financial results for the six months ended June 30, 2026, demonstrating resilience despite significant operational challenges arising from recurring transmission infrastructure vandalism. The company maintained a strong financial position despite a decline in revenue […]

CBN mandates BDCs to sell unutilised FX to NFEM within 24hrs

CBN mandates BDCs to sell unutilised FX to NFEM within 24hrs

•May confiscate unutilised balance By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has directed Bureau De Changes, BDCs, to sell unutilised foreign exchange (FX) balances to the Nigerian Foreign Exchange, NFEM, market within twenty-four (24) hours of the expiry of the utilisation period. The apex bank disclosed this in its regulatory guidance on purchase of […]

SEC commences nationwide campaign to recover unclaimed dividends

SEC commences nationwide campaign to recover unclaimed dividends

By Peter Egwuatu  The Securities and Exchange Commission (SEC) has commenced a nationwide enlightenment campaign to help Nigerians recover unclaimed dividends and other monies arising from capital market transactions. The campaign, which began with a town hall meeting in Lagos yesterday, is aimed at sensitising investors on the existence of unclaimed monies, the role of the […]

BoI to channel 70% of EIB facility to drive cocoa, dairy sectors

BoI to channel 70% of EIB facility to drive cocoa, dairy sectors

By Etop Ekanem Nigeria’s foremost development finance institution, Bank of Industry (BoI) has secured a 60 million euro credit facility from the European Investment Bank to fund Nigeria’s cocoa and dairy value addition drive, with a focus on processing, ingredients and chocolate manufacturing. Managing Director/CEO of BoI, Dr. Olasupo Olusi, disclosed this during the Africa Cocoa […]

UOO commends Gov Otti’s transformation of Abia

UOO commends Gov Otti’s transformation of Abia

Speaks on 70th anniversary By Osa Amadi The Chairman of U.O.O Nigeria Plc, Nze Edozie Uche Okafor, has commended the Abia State Governor, Dr. Alex Otti, on the rapid transformation he has brought to the state within a short time. Speaking recently at the 36th Annual General Meeting (AGM) of the company held in Lagos, Edozie […]

Dollar to Naira exchange rate today, July 17, 2026

Dollar to Naira exchange rate today, July 17, 2026

The Nigerian naira traded within a relatively stable range against the United States dollar on Friday, July 17, 2026, as the official Nigerian Foreign Exchange Market (NFEM) continued to reflect modest day-to-day movements, while the parallel market maintained a premium over the official window.