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Nigeria’s reserves hit $54bn as naira strengthens to N1,315/$0000
05/09/2026

Nigeria’s reserves hit $54bn as naira strengthens to N1,315/$0000



NIGERIA’S external reserves have climbed to $54.08 billion, their highest level in more than 17 years, as stronger foreign-exchange inflows continue to bolster the country’s external position and support a sustained recovery in the naira. Data from the Central Bank of Nigeria (CBN) showed that r...

Defence Minister accuses El-Rufai of fuelling Southern Kaduna killings
03/09/2026

Defence Minister accuses El-Rufai of fuelling Southern Kaduna killings

MINISTER of Defence, Gen Christopher Musa, has accused former Kaduna State Governor, Mr Nasir El-Rufai, of being responsible for policies and actions that allegedly contributed to the killings and divisions experienced in Southern Kaduna during his tenure. Musa made the allegation on Thursday during...

African Alliance Insurance plans N12bn capital raise after recapitalisation deadline
03/09/2026

African Alliance Insurance plans N12bn capital raise after recapitalisation deadline

AFRICAN Alliance Insurance Plc is planning to raise as much as N12 billion to strengthen its capital base and comply with the new recapitalisation requirements for insurance companies in Nigeria. The insurer is seeking shareholders’ approval for the proposed capital raise at an Extraordinary Gener...

FTSE Russell names 10 Nigerian stocks eligible for frontier indexes
03/09/2026

FTSE Russell names 10 Nigerian stocks eligible for frontier indexes

AT least 10 Nigerian companies have been cleared for potential inclusion in FTSE Russell’s frontier market index series as the country prepares to regain frontier market status. The companies were identified in FTSE Russell’s September 2026 review of its index series released on Wednesday. The l...

Ex-BBNaija housemate Danboskid reveals plans to rebuild after financial struggles
03/09/2026

Ex-BBNaija housemate Danboskid reveals plans to rebuild after financial struggles

FORMER Big Brother Naija housemate, Daniel Olatunji, popularly known as Danboskid, has opened up about the financial and personal difficulties he is currently facing, saying he is determined to rebuild his life and regain his independence. The reality TV personality shared his experience in a video....

Reps trace 58 bank accounts to detained PFIPC DG, probe N400m payment
03/09/2026

Reps trace 58 bank accounts to detained PFIPC DG, probe N400m payment

THE House of Representatives committee investigating the controversial Presidential Foreign Investment Promotion Council (PFIPC) has uncovered 58 bank accounts allegedly connected to the detained Director-General of the organisation, Adeniyi Adeyemi. The committee also identified an alleged N400 mil...

Rewane: Nigeria’s faster economic growth should lift living standards
03/09/2026

Rewane: Nigeria’s faster economic growth should lift living standards

ECONOMIST and Chief Executive Officer of Financial Derivatives Company Limited, Mr Bismarck Rewane, says Nigeria’s economy is expanding at a pace faster than population growth, a development that should translate into higher income and improved living standards for Nigerians. Rewane made the obser...

2027: I won’t sit in Abuja and let Atiku win, Wike says
02/09/2026

2027: I won’t sit in Abuja and let Atiku win, Wike says

MINISTER of the Federal Capital Territory, Mr Nyesom Wike, has vowed to remain actively involved in the political affairs of Rivers State ahead of the 2027 general elections, saying he will not stay in Abuja and allow former Vice President Atiku Abubakar to win. Wike, who spoke during his monthly me...

Desperation: Ebonyi governor Nwifuru orders Ebonyi council bosses to deliver APC victory or be sacked
02/09/2026

Desperation: Ebonyi governor Nwifuru orders Ebonyi council bosses to deliver APC victory or be sacked

Ebonyi State Governor, Mr Francis Nwifuru, has put the state’s newly inaugurated local government chairpersons under pressure to deliver electoral victories for the All Progressives Congress (APC) in the 2027 elections or risk losing their positions. Nwifuru gave the warning on Tuesday in Abakalik...

FG retains $300 helicopter levy, exempts offshore platforms from TNC
02/09/2026

FG retains $300 helicopter levy, exempts offshore platforms from TNC

THE Federal Government has reinstated a $300 charge on helicopter landings for air navigation services but exempted private offshore oil and gas facilities from paying the Terminal Navigational Charge (TNC). The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in a circular d...

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