Foreign currency tax revenue jumps 27% to N6.33trn
Nigeria’s tax receipts denominated in foreign currency climbed to N6.33tn in 2025, driven by higher contributions from multinational companies and the impact of exchange rate movements, according to data released by the National Bureau of Statistics. The figure represents a 27.3 per cent increase from N4.97tn recorded in 2024, signalling a growing dependence on foreign-currency-linked tax revenues amid persistent naira...
Court orders DSS to free Jigawa teen, hand over operative to police
A Federal High Court in Dutse, Jigawa State, has ordered the Department of State Services to unconditionally release a 16-year-old girl allegedly abducted and sexually abused by one of its operatives, and to surrender the suspect to the police for investigation. Justice Hassan Dikko, delivering judgment on Tuesday, directed the DSS to release Walida Abdulhadi and produce its operative, Ifeanyi...
Stock market rebounds as investors gain N3.2trn
The Nigerian stock market revived its bullish streak on Tuesday after a one-day downturn, as investors gained N3.205 trillion. The upward trend was primarily fueled by strong investor demand in consumer, energy, and industrial stocks. Industrial and Medical Gases, FTN Cocoa Processors, WAPCO, Austinlaz, and Presco, alongside 34 other gainers, lifted the market into positive territory. Market capitalisation rose from N143.969 trillion...
Oil prices rise as US eyes prolonged Iran blockade
Oil prices rose on Wednesday, April 29, 2026, on reports the United States will extend its blockade of Iranian ports. The Wall Street Journal, citing U.S. officials, reported late on Tuesday that President Donald Trump has instructed aides to prepare for an extended blockade of Iran. The reporter said Trump will opt to continue to squeeze Iran's economy and oil exports...
UCL: PSG beat Bayern in nine-goal semi-final thriller
Khvicha Kvaratskhelia and Ousmane Dembele scored twice each as Paris Saint-Germain (PSG) defeated Bayern Munich 5-4 in an epic first leg of their Champions League semi-final on Tuesday. The extraordinary encounter becomes the highest-scoring match ever in Champions League semi-final Harry Kane gave Bayern the lead from a penalty in the first half, only for Kvaratskhelia to equalise before Joao Neves...
EFCC raises the alarm over mismanagement of students’ fees in universities
The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has raised concerns over the diversion of students’ fees and other financial irregularities in Nigerian universities, warning that such practices erode trust in the education system. In a statement issued by the commission’s spokesperson, Dele Oyewale, Olukoyede spoke in Kano on Tuesday while delivering a keynote address at the...
Family rejects army’s crossfire story as soldiers admit fatal error
The father of Abdulsamad Jamiu, a serving National Youth Service Corps (NYSC) member shot dead by soldiers in Abuja, says military personnel who visited his family home admitted that his son's death was a mistake — a direct contradiction of the Nigerian Army's earlier account of the incident. Sani Jimoh, whose son was killed by soldiers of the Guards Brigade...
Ondo poly student found dead in apartment
A 20-year-old student of Rufus Giwa Polytechnic, Audi Emmanuel, has been found dead in his off-campus residence in Emure-Ile, Owo Local Government Area of Ondo State. The deceased, who was studying Computer Engineering, was discovered lifeless in his room along Awolowo Road. The circumstances surrounding his death were yet to be determined as of the time of filing this report. A video...
Police arrest officer for killing suspect in Delta, vow justice for victim
The Delta State Police Command has arrested and transferred an officer, ASP Nuhu Usman, to Force Headquarters in Abuja for disciplinary action following the fatal shooting of a 28-year-old suspect, Mene Ogidi, in the Effurun area of the state. The Delta State Police Public Relations Officer, SP Bright Edafe, made this known in a statement issued on Tuesday, April 28,...
Lagos Assembly sacks clerk, appoints Osinowo as replacement
The Lagos State House of Assembly has removed its Clerk, Olalekan Onafeko, with immediate effect following a resolution adopted during plenary on Tuesday. The decision, which was reached through a voice vote, was presided over by the Speaker, Mudashiru Obasa, who said the action was in line with the Assembly’s rules on tenure. Obasa explained that Onafeko’s tenure had expired, stressing...
