Stock market investors lose N107bn
The Nigerian stock market extended its bearish performance on Wednesday, March 11, 2026, as investors' wealth declined by N107 billion. Selloffs in stocks such as Presco, UAC of Nigeria, Morison, LivingTrust Mortgage Bank and SCOA, as well as 35 other equities, dragged the market into negative territory. Market capitalisation declined by 0.09 per cent, or N107 billion, from N125.857 trillion to...
Naira appreciates to N1,376/$ at official market
The naira appreciated further at the official market on Wednesday, March 11, 2026, trading at N1,376.19 to the United States dollar. Data released by the Central Bank of Nigeria (CBN) showed that the naira gained N25.20 against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM). The gain represents a 1.8 per cent appreciation compared with Tuesday’s closing rate of...
2027: Wike-backed PDP faction fixes May 25 for presidential primaries
The Minister of the Federal Capital Territory, Nyesom Wike-backed Peoples Democratic Party (PDP), has released its timetable for the 2027 general election, setting May 25, 2026, as the date for the presidential primary poll. The party announced this in a communique issued at the end of the 106th National Executive Committee (NEC) meeting, read by the PDP National Publicity Secretary,...
FG evacuates Nigerians from Iran to Armenia amid rising tensions
The Nigerian government has begun evacuating some stranded Nigerians from Iran to neighbouring Armenia, according to the Nigerians in Diaspora Commission (NiDCOM). NiDCOM disclosed that officials of the Nigerian Embassy in Iran facilitated the movement of willing Nigerians across the Armenian border to ensure their safety amid the ongoing conflict involving Iran, the United States and Israel. Although the commission could...
Tambuwal dumps PDP, joins ADC
Former Speaker of the House of Representatives and ex-Governor of Sokoto State, Aminu Tambuwal, has resigned from the Peoples Democratic Party (PDP) and defected to the African Democratic Congress (ADC). Tambuwal announced his decision in a statement posted on X in the early hours of Thursday, stating that he had already communicated his resignation in writing to his ward chairman...
Troops intercept suspect smuggling 800 AK-47 bullets to bandits
Security operatives in Zamfara State have arrested a 25-year-old man, Mannir Adam, for allegedly transporting 800 rounds of AK-47 ammunition concealed inside the fuel tank of a motorcycle. According to security sources, the suspect, a resident of Yankuzo village in Tsafe Local Government Area, was apprehended at about 7:50 p.m. on Tuesday along the Gusau–Funtua highway. He was intercepted at a...
Court to rule April 14 on $35m NCDMB document in Akintoye’s trial
The trial of Akindele Akintoye, Platforms Capital Investment Partners Limited, and Duport Midstream Company Limited continued on Tuesday, March 10, 2026, before Justice Ekerete Akpan of the Federal High Court, Abuja. The court has slated April 14, 2026, to rule on the admissibility of a document requested by Akintoye, the first defendant, related to the alleged acquisition of the Nigerian...
Court sentences two for online impersonation, fraud
The Kaduna Zonal Directorate of the EFCC has secured the conviction of Musa Abdulmalik and Sunday Godwin for cheating by impersonation before Justice Amina Bello of the Kaduna State High Court. The defendants faced separate one-count charges of cheating by impersonation. Abdulmalik, also known as Lynn Ben, was accused of posing as a female adult entertainer on Telegram in January 2026...
“PDP will never die” – Wike insists on genuine reconciliation
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has declared that his camp holds firm control of the People's Democratic Party (PDP) and will only engage in reconciliation from a position of dominance, following a major court victory that has reshuffled the party's internal power dynamics. Speaking on the heels of Monday's Court of Appeal ruling that nullified the...
Why I’ll be re-elected as Osun governor, by Adeleke
Osun State Governor Ademola Adeleke says his administration’s performance and servant-leadership style will secure his re-election in the August 15, 2026, governorship election in the state. Adeleke stated this while hosting members of the Osun State chapter of the Ansarudeen Society of Nigeria at the Government House in Osogbo, the state capital, on Wednesday, March 11, 2026. The governor said his...
