Stock market reverses bullish trend as investors lose N726bn
The Nigerian stock market closed on a negative note on Tuesday, March 10, 2026, reversing the gains recorded in the previous trading session as investors lost N726 billion. This followed a three-day bullish streak in the market. The downturn was driven by selloffs in stocks such as Mutual Benefits, NASCON, Red Star Express, Austinlaz, SCOA, and 39 other declining equities. Market capitalisation...
UCL: Yamal denies Newcastle as Atletico Madrid thrash Tottenham
Lamine Yamal's last-gasp penalty earned Barcelona a 1-1 draw at Newcastle United in the first leg of their Champions League last-16 tie on Tuesday, while Atletico Madrid piled more misery on Tottenham Hotspur by winning 5-2 on a nightmare evening for visiting goalkeeper Antonin Kinsky. Liverpool also lost 1-0 to Galatasaray in Istanbul for the second time this season, while...
Yusuf sacks Kano Head of Service
Kano State Governor Abba Yusuf has relieved Abdullahi Musa as the Head of Service with immediate effect. The governor’s spokesperson, Sunusi Dawakin-Tofa, made this known in a statement issued on Wednesday, March 11, 2026. He said the decision was part of the ongoing efforts by the Yusuf administration to reposition the state civil service for greater efficiency, discipline, and improved service...
Naira trades N1,401/$ at official market
The naira appreciated at the official market on Tuesday, March 10, 2026, trading at N1,401.40 against the United States dollar. Data released by the Central Bank of Nigeria (CBN) showed that the naira gained N4.22 against the dollar at the Nigerian Autonomous Foreign Exchange Market. The marginal recovery reflected improved demand and supply dynamics at the official window after recent volatility...
Petrol price hike: Tinubu orders deployment of 100,000 CNG conversion kits
President Bola Tinubu has directed the Presidential Initiative on Compressed Natural Gas (PiCNG) to deploy about 100,000 vehicle conversion kits nationwide. The Executive Chairman of PiCNG, Ismael Ahmed, disclosed this after a closed-door meeting with Tinubu at the Presidential Villa in Abuja on Tuesday, March 10, 2026. The directive is aimed at expanding access to Compressed Natural Gas (CNG) as a...
FG halts petrol imports as Dangote dominates fuel supply
Nigeria’s petrol supply is now largely driven by local refining, with the Dangote Petroleum Refinery accounting for about 92 per cent of the country’s daily supply in February after the Federal Government of Nigeria paused the importation of Premium Motor Spirit (petrol). Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) show that domestic refineries supplied about 36.5...
FG considers policy adjustments as Middle East tensions threaten Nigeria’s economy
The Federal Government of Nigeria says it may adjust economic policies if necessary as escalating tensions in the Middle East threaten to trigger fresh shocks to Nigeria’s economy through energy prices, capital flows and global supply chains. In a statement issued on Tuesday by Uloma Amadi, Assistant Director of Information and Public Relations at the Federal Ministry of Finance, the...
CBN extends AML compliance deadline for banks
The Central Bank of Nigeria (CBN) has extended the timeline for financial institutions to comply with its newly introduced baseline standards for automated anti-money laundering (AML) solutions. In a circular dated March 10, 2026, the apex bank said Deposit Money Banks have 18 months to achieve full compliance, while other financial institutions have up to 24 months from the date...
PDP leaders move to reconcile after Appeal Court ruling
Leaders of the Peoples Democratic Party (PDP), including governors and allies of the Nyesom Wike camp, have begun reconciliation talks following a ruling by the Court of Appeal of Nigeria that nullified the party’s November 2025 national convention. Sources within the party disclosed that both factions are holding marathon meetings to explore options such as forming a harmonised caretaker committee...
Vatican removes San Diego bishop over $250,000 church fraud
Pope Leo has accepted the resignation of a Catholic bishop in San Diego who was arrested by local authorities over allegations of stealing $250,000 from his congregation, the Vatican announced on Tuesday. The bishop, Emanuel Hana Shaleta, had led the Chaldean Catholic community in the city since 2017. He pleaded not guilty to 16 counts of embezzlement and money laundering...
