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Nigerian Stock Market Sheds N2.8 Trillion in One Week Amid Selloffs and U.S. Tension FearsThe Nigerian Exchange (NGX) en...
08/11/2025

Nigerian Stock Market Sheds N2.8 Trillion in One Week Amid Selloffs and U.S. Tension Fears

The Nigerian Exchange (NGX) endured a turbulent week as the All-Share Index (ASI) fell for the fifth straight day, closing at 149,524.8 points on November 7, down 501.7 points from the previous session. This persistent slide erased roughly N2.8 trillion in market value, translating to a 2.11% weekly loss.

Friday’s session saw the market dip another 0.33%, with 527 million shares traded in 24,637 deals, lower than Thursday’s 619 million. Market capitalization also dropped to N94.9 trillion from N95.3 trillion, underscoring continued bearish sentiment.

Market analysts linked the downturn to investors’ unease over the federal government’s planned 25% capital gains tax on profits above N150 million, slated for January 2026.

Additionally, reports of heightened geopolitical risks and U.S. President Donald Trump’s threat of possible military action against Nigeria have reportedly driven some foreign investors to pull back.

Despite the gloomy outlook, NCR and MCNICHOLS led the gainers, advancing 9.94% and 9.82%, respectively, while BERGER and CILEASING topped the losers’ chart, shedding 10.00% and 9.86%. WEMABANK and CONHALLPLC recorded the highest trading volumes for the day.

FG to Set Guinness World Record for Longest Dining Table at Abuja Gastronomy FestivalThe Federal Government has announce...
08/11/2025

FG to Set Guinness World Record for Longest Dining Table at Abuja Gastronomy Festival

The Federal Government has announced plans to attempt a Guinness World Record for the world’s longest dining table during the 2025 NIHOTOUR Gastronomy Festival, scheduled for December in Abuja.

Themed “Oriki: Taste of Culture,” the event will celebrate Nigeria’s rich culinary heritage and promote opportunities within the hospitality and creative sectors in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

According to NIHOTOUR Director-General Dr. Abisoye Fagade, the 3.6-kilometre table will seat up to 3,000 guests, with the record attempt taking place on the morning of December 6 before transitioning into a communal dining experience later that day.

The festival will feature food, music, comedy, and cultural showcases aimed at positioning Abuja as a prime destination for major cultural events.

Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musa Musawa, described the initiative as a platform for youth engagement, economic inclusion, and the global promotion of Nigerian cuisine. President Tinubu is expected to officially launch the festival.

Lagos Police Declare Omoyele Sowore Wanted Over Planned ProtestThe Lagos State Police Command has declared human rights ...
03/11/2025

Lagos Police Declare Omoyele Sowore Wanted Over Planned Protest

The Lagos State Police Command has declared human rights activist and former presidential candidate, Omoyele Sowore, wanted for allegedly attempting to incite public unrest.

Commissioner of Police Olorundare Jimoh said Sowore ignored prior warnings not to mobilize protests over the demolition of houses in the Oworonshoki area, a move the state government described as part of its urban modernization project.

Despite the warning, members of Sowore’s Take It Back Movement held a peaceful protest on Monday, which was later dispersed by anti-riot police using tear gas. Sowore was reportedly not present at the demonstration.

CP Jimoh accused Sowore of planning to obstruct traffic on the Third Mainland Bridge, calling it “a serious felony” meant to cause hardship for Lagos residents and visitors. He added that the police are “closing in on him” and have video evidence of his involvement.

Security operatives have since increased their presence across key areas of Lagos to prevent further protests or disruptions.

Lagos Calls for More Victims to Speak Up in E-Hailing Driver Assault CaseThe Lagos State Domestic and Sexual Violence Ag...
03/11/2025

Lagos Calls for More Victims to Speak Up in E-Hailing Driver Assault Case

The Lagos State Domestic and Sexual Violence Agency (DSVA) has urged more victims and survivors to come forward in the ongoing investigation of an e-hailing driver accused of multiple cases of r**e and assault.

In a statement on X (formerly Twitter), the DSVA confirmed it is working closely with the Lagos State Police Command to build evidence and ensure justice for the victims. The suspect, identified as Adedayo Adegbola, was arrested by detectives from the State Criminal Investigation Department, Panti, following viral social media posts where women identified him as their attacker.

The police say Adegbola is linked to several cases of r**e, assault, indecent assault, and armed robbery against female passengers. A red Toyota Corolla (plate number JJJ 226 HT) believed to have been used during the crimes was also recovered.

Authorities emphasized that all reports will be treated confidentially, assuring survivors of support throughout the investigation.

Petrol Breaks ₦1,000/L as Tinubu Approves 15% Import TariffWith President Tinubu’s approval of a 15% import duty on petr...
01/11/2025

Petrol Breaks ₦1,000/L as Tinubu Approves 15% Import Tariff

With President Tinubu’s approval of a 15% import duty on petrol, marketers warn pump prices could surge above ₦1,000 per litre, intensifying cost pressures on Nigerians.

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Trump Designates Nigeria as “Country of Particular Concern” Over Christian Persecution ClaimsOn October 31 2025, Donald ...
01/11/2025

Trump Designates Nigeria as “Country of Particular Concern” Over Christian Persecution Claims

On October 31 2025, Donald Trump announced that Nigeria will be designated a “Country of Particular Concern” (CPC) under the International Religious Freedom Act of 1998, citing alleged systemic killings of Christians by radical Islamist groups. 

The Nigerian government rejects the characterization, arguing the violence is complex and not solely based on religion. 

Presidency Backs 15% Petrol Import Duty, Cites Support for Local RefinersAccording to the Presidency, the newly introduc...
31/10/2025

Presidency Backs 15% Petrol Import Duty, Cites Support for Local Refiners

According to the Presidency, the newly introduced 15% import duty on petrol and diesel is designed to strengthen local refineries such as Dangote, reduce fuel imports, and help stabilize market prices.

Lagos Rent Surges Over 80% as Tenants Battle Severe Housing ShortageIn Lagos, rental prices have escalated dramatically ...
31/10/2025

Lagos Rent Surges Over 80% as Tenants Battle Severe Housing Shortage

In Lagos, rental prices have escalated dramatically by more than 80% in recent years, while the housing supply remains persistently under-sized, forcing many residents to spend up to 60% of their income on rent. 

Gov Sanwo-Olu Joins NSE to Celebrate 15 Years of Lagos Fashion WeekGovernor Babajide Sanwo-Olu attended the Nigerian Sto...
31/10/2025

Gov Sanwo-Olu Joins NSE to Celebrate 15 Years of Lagos Fashion Week

Governor Babajide Sanwo-Olu attended the Nigerian Stock Exchange Closing Gong Ceremony in honor of 15 years of Lagos Fashion Week, highlighting the city’s creativity and global influence.

The event also welcomed Grammy-winning singer Ciara, who is visiting Lagos and embracing its vibrant culture.

Sanwo-Olu praised Lagos as a thriving hub for fashion, talent, and innovation.

Lagos Today;Swipe through today’s top stories making headlines in Lagos and beyond⬇️1️⃣ Protest breaks out in Lagos over...
30/09/2025

Lagos Today;
Swipe through today’s top stories making headlines in Lagos and beyond⬇️

1️⃣ Protest breaks out in Lagos over demolition at Trade Fair Complex.
2️⃣ FG cancels Independence parade, says Nigeria at 65 is still a “work in progress.”
3️⃣ Tragedy in Abuja as Arise News anchor loses life in an armed robbery.
4️⃣ Togolese driver arrested after a pedestrian is injured in a Lagos accident.
5️⃣ 25-year-old woman arraigned in Lagos for allegedly stealing over N460 million from her company.

Stay informed. Get the full details on thelagostoday.com

Lagos Today;Here are the top six stories making headlines in Lagos today ⬇️1️⃣ Government seals Lekki properties, arrest...
29/09/2025

Lagos Today;
Here are the top six stories making headlines in Lagos today ⬇️

1️⃣ Government seals Lekki properties, arrests 5 over illegal dredging.
2️⃣ NDLEA nabs two drug kingpins in Lagos, disrupts supply chain to bandits in the Northeast.
3️⃣ Police arrest security guard over alleged child abduction in Lagos.
4️⃣ Fuel marketers warn of possible price hike as PENGASSAN strike begins.
5️⃣ Lagos Bureau of Public Defender recovers ₦815m and $52,000 for vulnerable residents over 25 years.
6️⃣ Governor Sanwo-Olu invites the public to witness the historic E1 Lagos Grand Prix.

Stay informed. Get the full details on thelagostoday.com

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