Askgidi

NDLEA Arrests Businessman for Cocaine Trafficking at Kano Airport | Drug Interdiction Update NDLEA Intercepts Lagos Businessman with 95 Cocaine Wraps at Kano Airport The National Drug Law Enforcement Agency (NDLEA) has apprehended a Lagos-based businessman, Nwabueze Nicholas Izueke, for attempting to traffic 1.589 kilograms of cocaine by ingesting the substance. The 62-year-old was arrested […]

NDLEA Intensifies Crackdown: Busts Colorado Lab in Ibadan, Seizes Drugs Nationwide NDLEA Busts Colorado Cannabis Lab in Ibadan, Seizes Drugs Nationwide The National Drug Law Enforcement Agency (NDLEA) has intensified its nationwide crackdown, leading to the dismantling of a Colorado synthetic cannabis laboratory in Ibadan and significant seizures across multiple states. According to a statement […]

Lagos State Seals Ladipo Market Over Environmental Violations Lagos State Government Seals Major Auto Parts Market for Environmental Breaches The Lagos State Government has enforced the closure of the prominent Ladipo Spare Parts Market, situated along the Murtala Muhammed International Airport Road. This decisive action was taken in response to repeated and flagrant violations of […]

Sovereign Trust Insurance Reports N1.02 Billion FY 2025 Profit Amid Cost Pressures Sovereign Trust Insurance Reports N1.02 Billion FY 2025 Profit Amid Cost Pressures Sovereign Trust Insurance Plc has announced a profit before tax of N1.02 billion for the fiscal year ended December 2025, according to its unaudited financial statement filed with the Nigerian Exchange. […]

Gospel Music Legend Ron Kenoly Dies at 81: A Tribute to His Legacy The Global Gospel Community Mourns the Loss of Ron Kenoly at 81 The world of contemporary Christian music has lost a foundational figure with the passing of legendary American gospel singer, worship leader, and songwriter Ron Kenoly. He was 81 years old. […]

Senate Mandates Nationwide Antivenom Availability to Curb Preventable Deaths Senate Calls for Mandatory Antivenom in Hospitals Nationwide In a decisive move to address a critical public health gap, the Nigerian Senate has formally urged the Federal Ministry of Health and Social Welfare and the National Agency for Food and Drug Administration and Control (NAFDAC) to […]

Agrofood Nigeria: Where 75% of Visitors Are Decision-Makers In a landscape where trade exhibitions often measure success by attendance volume, Agrofood Nigeria has established itself as West Africa’s premier platform for tangible commercial results. The key differentiator is its audience composition. Data reveals that 75% of its approximately 2,500 trade visitors are verified decision-makers, including […]

Nigeria’s Gas Strategy to Power Africa’s Rise, Says NNPC GCEO Nigeria Positions Gas as Engine for African Growth and Stability Nigeria is poised to utilize its vast natural gas reserves to catalyze Africa’s economic ascent and contribute to global energy stability, according to the Group Chief Executive Officer of the Nigeria National Petroleum Company (NNPC) […]

FCMB Group Reports N200.91bn Pre-Tax Profit in 2025 Interim Results FCMB Group Announces Strong 2025 Interim Financial Performance FCMB Group Plc has released its unaudited financial results for the period ended December 31, 2025, posting a pre-tax profit of N200.91 billion. This figure represents a substantial 80% increase from the N111.9 billion recorded in the […]

Strategic Trading in 2026: Partnering with JustMarkets for Ambitious Goals Why 2026 Demands a Strategic Trading Partner Like JustMarkets The confluence of artificial intelligence, shifting central bank policies, and geopolitical realignments has rendered many traditional market paradigms obsolete. For the ambitious trader, this evolving landscape represents not a threat, but the most significant opportunity of […]

EFCC Arraigns BFI Group, Six Others Over Alleged €100 Million CBN Fraud | Case Update EFCC Arraigns BFI Group and Six Individuals for Alleged €100 Million CBN Capital Importation Fraud The Economic and Financial Crimes Commission (EFCC) has formally arraigned BFI Group Corporation and six individuals before the Federal Capital Territory High Court in Jabi, […]

Lagos State Launches Initiative to Formalize N3 Trillion in Land Assets Lagos State Aims to Unlock N3 Trillion from Undocumented Land In a significant move to bolster its economy and improve land governance, the Lagos State Government has launched a comprehensive statewide project to identify, document, and formalize informal land assets estimated to be worth […]

AFC Secures S&P ‘A’ Credit Rating, Unlocking Cheaper African Infrastructure Funding AFC’s S&P ‘A’ Rating Signals New Era for African Infrastructure Finance The Africa Finance Corporation (AFC) has achieved a significant milestone with its first-ever long-term credit rating of ‘A’ from S&P Global. This investment-grade assessment is poised to lower the institution’s borrowing costs and […]

Strategic Diplomacy: Analyzing Nigeria’s 2026 Ambassadorial Appointments The Emissary Schematics: Applying the SID Principle to Nigeria’s 2026 Diplomatic Journey Nigeria’s recent ambassadorial postings to the United Kingdom, United States, and France represent more than routine administrative duty. These appointments signify a calculated shift in foreign policy, embodying a framework of action that is Strategic, Intentional, […]

Top 10 Study Destinations with Proof of Funds from $10,000 Navigating High-Value Study Destinations: A Guide to Proof of Funds Pursuing an international education represents a transformative opportunity for academic and personal growth. A critical component of the student visa process for many top-tier nations is the proof of funds requirement. This financial threshold, designed […]

Khaby Lame Secures $900M Deal: From Creator to Controlling Shareholder Khaby Lame Strikes Landmark $900 Million Commercial Acquisition Deal In a landmark transaction reshaping the digital creator economy, Khaby Lame, the world’s most-followed TikTok creator, has sold a stake in his company, Step Distinctive Limited, in a deal valued at approximately $900 million. The acquisition, […]

LivingTrust Mortgage Bank Reports N1.01 Billion Profit for 2025 LivingTrust Mortgage Bank Posts Robust N1.01 Billion Profit in 2025 LivingTrust Mortgage Bank Plc has announced a strong financial performance for the year ending December 31, 2025, achieving a profit after tax of N1.01 billion. This result represents an 18.3% increase from the N854.5 million recorded […]

NGX Money Market Fund 2025 Review & 2026 Outlook for Investors NGX Money Market Fund Performance in 2025: A Comprehensive Review and 2026 Outlook The Nigerian Exchange (NGX) money market mutual fund sector demonstrated robust growth in 2025, according to official Securities and Exchange Commission (SEC) valuation reports. While net asset value (NAV) surged, the […]

Lagos Announces 64-Day Lekki-Epe Expressway Rehabilitation, Details Traffic Plan Lagos State Sets January 25 Start for Major Lekki-Epe Expressway Rehabilitation The Lagos State Government has officially confirmed that a comprehensive 64-day rehabilitation project for the Lekki-Epe Expressway will commence on Sunday, January 25. The project will address 20 kilometers of the critical corridor, aiming to […]

Nigeria’s Subsidy Savings Eroded by Debt Servicing, CFG Advisory Warns Fiscal Gains from Fuel Subsidy Removal Fully Absorbed by Debt, Says CFG Advisory In a stark assessment of Nigeria’s fiscal health, CFG Advisory has warned that the economic benefits from the removal of the fuel subsidy have been entirely consumed by rising debt servicing costs. […]

Nigeria’s Strategic Response to Global Trade Tensions and U.S. Tariffs Nigeria Seeks Mutually Beneficial Global Partnerships Amid Trade Uncertainty At the World Economic Forum in Davos, Nigeria’s Finance Minister, Wale Edun, articulated a strategy of optimistic engagement with the global economy. This comes as nations worldwide, including the United States, reassess trade policies. Edun emphasized […]

EFCC Arraigns Mompha Associate Sarumi Babafemi Over N206 Million Fraud Charges EFCC Arraigns Associate of Mompha on N206 Million Fraud and Money Laundering Charges The Economic and Financial Crimes Commission (EFCC) has formally brought charges against Sarumi Samusideen Babafemi, an associate of social media figure Ismail Mustapha (Mompha), alongside three corporate entities. The arraignment, which […]

Abuja Electricity Distribution Company Reconnects FCT Water Board, Restoring Essential Services The Abuja Electricity Distribution Plc. (AEDC) has responded to public concern by reconnecting electricity to the Federal Capital Territory Water Board, thereby facilitating the restoration of water supply across affected areas. This action follows a service disconnection enacted due to the Water Board’s accumulation […]

Nigeria’s Ogidigben Gas Park Tops Global BRI Investment in 2025 Nigeria’s Ogidigben Gas Park Named Top 2025 BRI Project with $24.5 Billion Contract In a landmark development for global infrastructure finance, Nigeria’s Ogidigben Gas Revolution Industrial Park (GRIP) has been designated the largest single recipient of construction contracts under China’s Belt and Road Initiative (BRI) […]

SEC Warns Public Against Tunbosayo Okekunle Strategic Alpha Fund Over Fraud Concerns SEC Flags Tunbosayo Okekunle Strategic Alpha Fund in Latest Crackdown on Unregistered Platforms In a decisive move to protect investors, Nigeria’s Securities and Exchange Commission (SEC) has issued a formal warning against the Tunbosayo Okekunle Strategic Alpha Fund (TOSAF), an online investment platform […]

IMF Endorses Nigeria’s Inflation Methodology and December 2025 CPI Outcome IMF Backs Nigeria’s CPI Revisions as Inflation Moderates to 15.15% The International Monetary Fund (IMF) has formally endorsed Nigeria’s revised approach to calculating inflation, stating the new methodology aligns with global standards and supports economic stability. This endorsement follows the release of December 2025 data […]

Nigeria’s Petrol Consumption Hits 63.7 Million Litres Daily in December 2025 Nigeria’s Daily Petrol Consumption Surges Past 63 Million Litres Official data for December 2025 reveals a significant surge in Nigeria’s daily petrol consumption, reaching 63.7 million litres per day. This figure, published by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in its […]

NIDF Reports N23.6 Billion Profit for 2025 on Robust Loan Performance Nigerian Infrastructure Debt Fund Announces Strong 2025 Financial Results The Nigerian Infrastructure Debt Fund (NIDF) has announced a significant increase in profitability for the fiscal year ended 2025. According to its audited financial statements filed with the Nigerian Exchange on 15 January 2026, the […]

Federal Government Introduces Industrialisation Policy to Boost Manufacturing Federal Government Unveils Nigerian Industrialisation Policy to Drive Manufacturing Growth The Federal Government has formally introduced the Nigerian Industrialisation Policy, a strategic initiative designed to catalyze value addition, stimulate industrial growth, and foster widespread employment creation. The policy, which received approval and validation in 2025, represents a […]

Eko Disco Appoints Interim CEO Following Leadership Transition | Industry Analysis Eko Disco Announces Interim CEO Amidst Ownership Transition Eko Electricity Distribution Company (Eko Disco) has appointed Wola Joseph-Condotti as its interim Chief Executive Officer. This leadership change follows closely after the TransGrid Consortium finalized its acquisition of a majority stake in the utility company […]

Nigerian Equities Surge: ASI Breaks 165,000 as MTN Leads Rally Nigerian Equities Surge: ASI Breaks 165,000 as MTN Leads Rally In a significant display of bullish momentum, the Nigerian All-Share Index (ASI) crossed the pivotal 165,000-mark on Tuesday, January 13, 2026. The benchmark index advanced by 1.59%, gaining 2,592.6 points to close at 165,837.3, up […]

DEAP Capital Partners with Banklink Africa for Minerals and Metals Financing Initiative DEAP Capital Forges Strategic Alliance to Finance Africa’s Mineral Sector DEAP Capital Management & Trust Plc has announced the execution of a significant Memorandum of Understanding (MoU) with Banklink Africa’s Equity Fund II. This partnership establishes a dedicated framework for a Minerals and […]

United Capital Infrastructure Fund Strengthens Governance with New Committee Appointments United Capital Infrastructure Fund Bolsters Leadership for Strategic Growth In a strategic move to enhance its investment governance and capitalize on pan-African infrastructure opportunities, United Capital Plc has announced the appointment of four independent experts to the Investment Committee of the United Capital Infrastructure Fund […]

Nigeria-UAE CEPA: Tinubu Hails Landmark Trade Deal for Exporters Nigeria and UAE Forge New Economic Partnership with Landmark Trade Deal President Bola Tinubu has heralded the signing of the Nigeria-United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) as a transformative development for the nation’s economy. The landmark agreement, signed on January 13, 2026, during Abu […]

X Restricts Grok AI Image Feature Amid Child Safety Concerns X Platform Restricts Grok AI Image Generation Following Safety Reports Elon Musk’s artificial intelligence firm, xAI, has imposed restrictions on the image-generation capability of its Grok AI for the majority of users on the X social media platform. This decisive action was taken in response […]

New Tax Law Clarification: Bank Inflows vs. Taxable Income Analyst Clarifies New Tax Law: Taxation Applies to Income, Not All Bank Inflows In a detailed discussion on recent fiscal reforms, economic analyst Kalu Aja has provided crucial clarification on Nigeria’s new tax framework, which took effect on January 1, 2026. Speaking during a Nairametrics X […]

Lagos Announces Overnight Traffic Diversion at Fadeyi, Ojuelegba for Safety Works Lagos Implements Night Traffic Diversion for Truck Barrier Installation The Lagos State Government has announced a planned overnight traffic diversion at the Fadeyi and Ojuelegba corridors to facilitate the installation of critical truck barriers. The measure, announced by the Ministry of Transportation, is scheduled […]

Presidential Committee Rebuts KPMG’s Analysis of Nigeria’s New Tax Laws Presidential Tax Committee Challenges KPMG’s Critique of New Fiscal Laws The Presidential Fiscal Policy and Tax Reforms Committee has issued a formal rebuttal to a recent analysis by professional services firm KPMG, which highlighted potential issues in Nigeria’s newly enacted tax legislation. In a response […]

Nigerian Tax Act 2025: VAT Exemption for Gaming Stakes Explained Nigeria’s 2025 Tax Act Clarifies VAT Exemption for Gaming Stakes The recently enacted Nigerian Tax Act 2025 has introduced a pivotal clarification for the gaming and lottery industry by formally exempting player “stakes” from Value Added Tax (VAT). This legislative change removes a longstanding point […]

Federal Government Allocates N2.3 Billion for Former Leaders’ Benefits in 2026 Budget FG Budgets N2.3 Billion for Ex-Presidents and Deputies’ Entitlements in 2026 The Federal Government of Nigeria has proposed an allocation of N2.3 billion in the 2026 Appropriation Bill for the benefits and entitlements of the nation’s former presidents, heads of state, and their […]

Federal Government Earmarks N100 Billion in 2026 Budget to Settle Local Contractor Debts Federal Government Allocates N100 Billion to Clear Indigenous Contractor Debts in 2026 Budget The Federal Government has made a significant provision of N100 billion in the 2026 Appropriation Bill specifically for the settlement of outstanding debts owed to indigenous contractors. This allocation, […]