Stock market investors gain N20bn amid buying interest
The Nigerian stock market maintained its positive momentum on Thursday, March 26, 2026, posting a marginal gain of N20 billion. The uptrend was driven by sustained investor interest in equities such as Premier Paints, Zichis Agro Allied Industries, Legend Internet, John Holt, McNichols, and 25 others. The market capitalisation rose by N20 billion, increasing from N128.977 trillion to N128.997 trillion, representing...
Dangote refinery reduces ex-gantry petrol price
Dangote Petroleum Refinery has announced a reduction in its petrol price, lowering the ex-gantry rate to N1,200 per litre from N1,275 per litre, representing a N75 decrease. The refinery disclosed this in a statement on Thursday, March 26, 2026, noting that its coastal price has also been cut to N1,153 per litre as part of a downward review of its...
Nigeria loses N40trn yearly to power outages
Nigeria loses an estimated N40tn every year due to weak and unreliable electricity supply, the Nigerian Independent System Operator (NISO) has revealed. The agency warned that persistent outages remain one of the biggest barriers to economic growth, industrial productivity, and job creation. In its latest industry report, NISO said millions of businesses and households incur huge costs generating their own electricity...
32 govs, 8,453 delegates storm Abuja for APC convention
President Bola Ahmed Tinubu, 32 state governors, and 8,453 accredited delegates are expected to converge on Abuja today for the All Progressives Congress (APC) National Convention, scheduled to hold between Friday and Saturday. The event, set to take place at Eagle Square, will bring together party leaders at the national, zonal, state, and ward levels to elect new executives and...
CBN blacklists major loan defaulters
The Central Bank of Nigeria (CBN) has moved decisively against chronic loan defaulters, announcing sweeping restrictions on banking services for individuals and companies with substantial non-performing loans. The directive, issued on Wednesday, follows comments by CBN Governor Olayemi Cardoso at the 4th Annual IMF/AFRITAC West 2 High-Level Executive Forum in Abuja. Cardoso declared that the era of leniency toward delinquent borrowers...
Tinubu expands PiCNG mandate to include electric vehicles
President Bola Ahmed Tinubu has approved a major expansion of the Presidential Initiative on Compressed Natural Gas (PiCNG), adding electric vehicles to its mandate. The initiative will now operate as the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (PiCNG & EV), positioning Nigeria to lead in clean mobility. Under the new mandate, PiCNG & EV will coordinate the...
IGP submits state police framework to Senate
The Inspector-General of Police (IGP), Olatunji Disu, has submitted a framework for the establishment of state police to the Senate. The IGP submitted the framework to Deputy Senate President, Jibrin Barau, who chairs the Senate Committee on the Review of the 1999 Constitution, in his office at the National Assembly in Abuja on Thursday, March 26, 2026. A statement issued on...
FG orders Abuja workers to work from home ahead of APC convention
The Federal Government has instructed civil servants working within the Federal Secretariat in Abuja to work from home on Friday, March 27, 2026, ahead of the All Progressives Congress (APC) national convention scheduled to hold at Eagle Square. The directive was issued in a circular signed by Abdul Garba, Permanent Secretary, Service Welfare Office, on behalf of the Head of...
Sanwo-Olu unveils Irele Tower in Lekki industrial corridor
Lagos State Governor, Babajide Sanwo-Olu, on Thursday inaugurated Irele Tower — the first commercial building within the Lagos Free Zone and a landmark nine-storey, EDGE-certified development designed to drive sustainable growth in the Lekki economic corridor. The building, which combines office and retail spaces, is developed as an eco-friendly “green” facility with 26% lower energy use and 46% reduced water...
Police rescue 5 passengers, arrest 3 robbers in Ondo
The operatives of the Ondo State Police Command have rescued five passengers who were abducted by gunmen along Ondo Road in the state. The command’s spokesperson, DSP Abayomi Jimoh, disclosed this in a statement, saying the incident happened at about 05:20 a.m. on Thursday, March 26, 2026. Jimoh noted that the passengers were in a commercial vehicle en-route Ondo to Akure,...
