Seplat appoints Elumelu as non-executive director
The Board of Seplat Energy has announced the appointment of the Chairman of Heirs Holdings, Tony Elumelu, as a Non-Executive Director, effective January 22, 2026. Seplat announced this in a statement issued on Thursday by its Director Legal/Company Secretary, Edith Onwuchekwa, noting that the appointment followed the resignation of Olivier Cleret De Langavant as a Non-Executive Director on January 22. The...
Selloffs hit stock market as investors lose N557bn
The Nigerian stock market reversed its bullish trend on Thursday, January 22, 2026, losing N557 billion after two days of modest gains during the week. Market analysts said selloffs in key stocks pushed the market into negative territory despite earlier optimism. Stocks under pressure included Omatek Ventures, International Energy Insurance, International Breweries, NEM Insurance, and WAPCO. Market capitalisation fell by ₦557 billion,...
Atiku blames Electoral Act loopholes for 2023 poll flaws, urges Senate to amend law before 2027
Former Vice President Atiku Abubakar has faulted the conduct of the 2023 general election, blaming major irregularities on what he described as loopholes in the Electoral Act 2022. Atiku made this known in a statement issued on Thursday, January 22, 2026, saying the weaknesses in the current electoral law made it possible for widespread rigging and also created obstacles for...
Fayose: Makinde lacked courage to face Tinubu alone
Former Ekiti State Governor Ayodele Fayose has claimed Oyo State Governor Seyi Makinde had a tense encounter with President Bola Tinubu during his visit to the Presidential Villa on Thursday, January 22, 2026. Fayose, in a statement issued on Thursday, said Makinde did not meet Tinubu alone but was accompanied by Plateau State Governor Caleb Mutfwang, a move he described...
Troops foil terrorists’ infiltration attempt from Cameroon into Borno
Troops of the Joint Task Force, Operation Hadin Kai, have repelled Boko Haram and ISWAP fighters who attempted to cross into Nigeria from Cameroon through the Galakura area of Borno State. Security sources said the incident occurred at about 10:25 a.m. on Wednesday during ongoing Operation Desert Sanity V. According to the sources, troops, working alongside members of the Civilian Joint...
Troops ambush terrorists in Sokoto, recover six AK-47 rifles
Combined troops of the 8 Division Garrison Strike Force and the Department of State Services (DSS) have disrupted a terrorist cell in Sokoto State, recovering six AK-47 rifles in a coordinated counter-terrorism operation. Security sources said the operation was carried out after credible intelligence revealed that the terrorists were moving towards Gundumi Village in Isa Local Government Area to launch...
EFCC urges Moniepoint to strengthen regulatory compliance, KYC frameworks
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has charged Moniepoint Microfinance Bank to prioritise strict regulatory compliance in its operations to safeguard Nigeria’s financial system. Olukoyede gave the charge on Thursday, January 22, 2026, when the management of Moniepoint, led by its Founder and Chief Executive Officer, Tosin Eniolorunda, paid him a courtesy visit...
Residents raise security concerns over proposed ‘temporary market’ near Karsana estates
Residents of four residential estates in Karsana District, Abuja, have expressed concern and anxiety over an approval reportedly granted by the Federal Capital Territory Administration (FCTA) for the establishment of a “temporary” or informal market beside their estates. The affected estates—Mabglobal Estate, Ipent 7, Efab Metropolitan and Efab Queens, all located along the road linking Dawaki through Karsana to the...
Envoys: Tinubu posts Are to U.S., Oke to France, Dalhatu to UK, Dakingari to Turkey
President Bola Tinubu has approved the posting of four ambassadors-designate from the 68 nominees earlier confirmed by the Senate in December. According to a statement issued on Thursday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, Ambassador Ayodele Oke has been appointed as Nigeria’s ambassador-designate to France, while Colonel Lateef Are has been posted as ambassador-designate to...
Court convicts man, firm over alleged ₦953m, $80,000 fraud in Lagos
A Lagos State High Court sitting in Ikeja has convicted a man, Victor Ogiemwonyi, and his company, Partnership Securities Limited, for stealing over ₦953 million and $80,000 in a share transaction fraud. Justice Modupe Nicole-Clay delivered the judgment on Wednesday, January 21, 2026, after finding the defendants guilty on two counts of stealing brought against them by the Economic and...
