Stock market reverses 14-day bullish run, sheds N1.3trn
The Nigerian stock market halted its bullish rally on Monday after 14 consecutive sessions of gains, resulting in a loss of N1.365 trillion. The downturn was driven by profit-taking in stocks such as FirstHoldCo, Trans-Nationwide Express, United Bank for Africa, Access Corporation, Fidelity Bank, and 35 others. Market capitalisation fell by 0.94 per cent, or N1.365 trillion, to close at N143.969...
Fayemi hails late Bishop Adebiyi at book launch
Former Ekiti State Governor Kayode Fayemi has described the late pioneer Bishop of the Anglican Diocese of Lagos West, Awelewa Adebiyi, as a quintessential Ekiti indigene who made significant sacrifices for the growth of the church and Nigeria. Fayemi made the remark on April 25 during the public presentation of the book “My Name is Peter,” held at the Archbishop...
My wealth not tied to Sanwo-Olu — Achimugu
Aisha Achimugu, founder of Oceangate Engineering Oil & Gas Ltd, has denied claims that her wealth is tied to her relationship with Babajide Sanwo-Olu, insisting she built her business independently over two decades. Speaking during an interview on Channels Television on Monday, Achimugu said she has been an entrepreneur since 2001 and dismissed suggestions that her finances are linked to...
Achimugu denies $13m recovery, says only $50,000, N13m found
Businesswoman Aisha Achimugu has denied reports that $13 million was recovered from her residence during a raid by the Economic and Financial Crimes Commission (EFCC), stating that only $50,000 and N13 million were found. Achimugu made the clarification on Monday during an interview on Channels Television, insisting that the widely reported figure was incorrect. The EFCC had declared her wanted last...
Lagos couple beat adopted daughter to death
Residents in the Igando area of Lagos State have been left in shock following the alleged killing of a 10-year-old adopted girl, identified as Faith, by her guardians, Paul Onyeama and Adline Ogbonna. The incident reportedly occurred on Sunday after weeks of alleged abuse. The couple, who reside on Jemesi Papa Street, were said to have subjected the child to...
Boko Haram member surrenders to army in Borno
A suspected Boko Haram/ISWAP member has surrendered to Nigerian Army in Borno State. The suspect, identified as Liman Mudo, 27, turned himself in on Sunday at about 3:46 p.m. to troops of 3 Battalion (Mechanised) in Gamboru Ngala. Mudo, who hails from Suwaa village in Bama Local Government Area, was immediately profiled and documented in line with standard military procedures following...
FG sets jet fuel price band, pushes credit deal for airlines
The Federal Government has asked aviation fuel marketers to grant airline operators a 30-day credit window and sell jet fuel directly to them, as part of emergency measures to address Nigeria's worsening aviation fuel shortage and price surge. The resolution emerged from high-level stakeholder engagements convened by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), following a meeting called...
Uba Sani, Uzodimma, others storm Ekiti for Oyebanji’s campaign flag-off
The All Progressives Congress (APC) on Monday officially flagged-off Ekiti State Governor Biodun Oyebanji’s re-election campaign, ahead of the June 20 governorship election in the state. The attendees at the flag-off included the Chairman of APC National Campaign Council and Kaduna State Governor, Uba Sani; the Chairman of Progressives Governors’ Forum and Imo State Governor, Hope Uzodimma; as well as...
Peter Obi, Igbo leaders hold closed-door meeting with Jonathan in Abuja
Peter Obi, frontline presidential aspirant for 2027, on Monday led a delegation of senior Igbo leaders to the Maitama, Abuja residence of former President Goodluck Jonathan for a closed-door consultation that lasted approximately two hours. The meeting was attended by former Enugu State Governor Okwesilize Nwodo, former Imo State Governor Achike Udenwa, former Niger Delta Development Commission Managing Director Onyema...
APC sets primaries timetable, fixes form prices ahead of 2027
The All Progressives Congress has released a revised timetable for its 2027 general election primaries, along with the cost of nomination forms and designated bank accounts for payment. The notice, issued Monday from the party's National Secretariat, Buhari House, Abuja, was signed by National Organising Secretary Sulaiman Muhammad Argungu and confirmed by National Publicity Secretary Felix Morka. According to the schedule,...
