Stock market investors lose N74bn as capitalization drops to N124trn
The Nigerian stock market continued on a negative position on Wednesday, February 25, 2026, as investors lost N74 billion amid sustained sell pressure across major stocks. The decline was primarily driven by losses in RT Briscoe, ABC Transport, Skyway Aviation Handling Company, Vitafoam Haldane McCall, and 49 other equities The market capitalisation, which opened at N124.827 trillion, dropped by N75 billion...
I’ll win Ogun gov race — Obasanjo’s daughter
Former senator and daughter of ex-President Olusegun Obasanjo, Iyabo Obasanjo, has declared her intention to contest the Ogun State governorship, expressing confidence that she will emerge victorious. Speaking on the “Frontline” programme on Eagle 102.5 FM in Ilese-Ijebu on Wednesday, the former lawmaker said she returned to partisan politics after 15 years to address governance gaps and improve residents’ welfare. Iyabo,...
US court jails ex-NNPC GM Okoronkwo 87 months over $2.1m bribery scheme
A United States district court has sentenced former Nigerian National Petroleum Corporation executive, Paulinus Okoronkwo, to 87 months in prison for receiving a $2.1 million bribe linked to oil drilling rights. Okoronkwo, a Nigerian-American and former general manager at the Nigerian National Petroleum Company Limited, was convicted in August 2025 on charges of transactional money laundering, tax evasion and obstruction...
Conoil Plc rewards first winners in Valentine Bonanza promo
Customers of Conoil Plc have begun receiving prizes in the company’s ongoing Valentine Bonanza, with the first set of winners emerging from the initial raffle draw. The promotion, which started on February 14, aims to reward loyal customers across participating retail outlets. During the first raffle draw held on February 21, several customers won ₦10,000 worth of free petrol. The draw...
Court admits fresh evidence in N76bn, $31.5m fraud trial of ex-AMCON MD Ahmed Kuru
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Wednesday admitted additional documents tendered by the Economic and Financial Crimes Commission (EFCC) in the alleged N76bn and $31.5m fraud trial involving former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and others. Kuru is standing trial alongside Kamilu Alaba Omokide, Captain Roy...
CBCN to Tinubu: Save Nigeria from collapse, end killings
The Catholic Bishops’ Conference of Nigeria (CBCN) has urged President Bola Ahmed Tinubu to take urgent and decisive measures to rescue Nigeria from worsening insecurity, economic sabotage and democratic decline. In a communiqué titled “Leadership for the Common Good” issued at the end of its First Plenary Meeting held at the Catholic Secretariat of Nigeria in Abuja, the bishops said...
Catholic Bishops warn against electoral manipulation, declining democracy
The Catholic Bishops’ Conference of Nigeria (CBCN) has raised alarm over what it described as the steady decline of democracy in Nigeria, warning against electoral malpractice and manipulation of state institutions. In a communiqué issued in Abuja after its plenary meeting at the Catholic Secretariat of Nigeria, the bishops accused governments at all levels of seeking to “win at all...
Oyebanji to chair APC convention screening panel
Ekiti State Governor, Biodun Oyebanji, has been appointed Chairman of the Aspirants’ Screening Committee for the 2026 National Convention of the All Progressives Congress (APC). Oyebanji was inaugurated alongside other members of the 42-member committee on Wednesday at the party’s National Headquarters in Abuja. The committee is mandated to screen and verify aspirants seeking elective positions at the forthcoming National Convention,...
Bauchi PDP: Bala Mohammed no longer our member
The Bauchi State chapter of the Peoples Democratic Party (PDP) has declared that Governor Bala Mohammed is no longer a member of the party. This was contained in a statement issued by the Bauchi State PDP Caretaker Committee Chairman, Jungudo Mohammed, on Wednesday, February 25, 2026. This follows a viral video in which the governor claimed PDP membership while breaking Ramadan...
N90.4m fraud: Court admits fresh exhibits against ex-NHIS boss
Justice Chinyere E. Nwecheonwu of the Federal Capital Territory High Court sitting in Kuchiako, Kuje, Abuja, on Wednesday admitted additional documents tendered by the Economic and Financial Crimes Commission in the ongoing trial of former National Health Insurance Scheme boss, Usman Yusuf. The documents were presented through the second prosecution witness, James Balami, Director of Procurement at NHIS, during proceedings...
