Askgidi

A tragic incident in northeastern Nigeria has resulted in a devastating loss of civilian life, casting a somber shadow over the nation’s security operations. Over two hundred individuals are feared dead following an airstrike by Nigerian military jets that hit a village market in Yobe State. The strike, which occurred on Saturday night, appears to […]

The International Monetary Fund (IMF) is preparing to downgrade its global economic growth outlook, as heightened hostilities between the United States and Iran cast a shadow over worldwide recovery efforts. IMF Managing Director Kristalina Georgieva delivered this sobering assessment ahead of the IMF and World Bank Spring Meetings, highlighting the conflict’s disruptive impact on economic […]

Recent data from the Central Bank of Nigeria (CBN) indicates a notable stabilization in the nation’s liquidity cycle. According to the February 2026 Money and Credit Statistics, currency held outside the banking system moderated to N5.20 trillion, a marginal 0.058% decrease from the previous month. This shift signals a reduction in the demand for physical […]

Financial and energy sector experts have endorsed a recent directive from the Central Bank of Nigeria (CBN), heralding it as a pivotal development for the nation’s oil and gas industry. The policy, which grants International Oil Companies (IOCs) full and immediate access to their export earnings, is widely seen as a strategic move to unlock […]

In a move poised to reshape the global entertainment landscape, activist investor and billionaire Bill Ackman has formally launched a bid to acquire Universal Music Group (UMG) for $64 billion. The proposed cash-and-stock transaction targets the label behind superstars like Taylor Swift and Bad Bunny, aiming to address what Ackman describes as a disconnect between […]

In its recently released financial results for the 2025 fiscal year, Zenith Bank Plc, a leading Nigerian financial institution, reported a substantial net income of N291.8 billion from fees and commissions. This figure represents the bank’s earnings from this revenue stream after accounting for associated costs. The bank’s total gross earnings from fees and commissions […]

McNichols Plc has announced its audited financial results for the year 2025, revealing a significant surge in profitability. The company’s pre-tax profit reached N391.7 million, a substantial increase from the N151.7 million reported in the prior year. This robust performance underscores the company’s effective management amidst broader economic discussions, such as those surrounding rebooting tax […]

In a recent assessment of Nigeria’s economic trajectory, the World Bank has affirmed that the nation’s growth prospects for the first half of 2026 remain resilient, even amidst the ongoing conflict in Iran and associated volatility in global energy markets. The update was delivered in Abuja by Fiseha Haile, the World Bank’s Lead Economist for […]

Seven-Up Bottling Company (SBC) has formally unveiled its latest annual sustainability report, titled “Making a CLEAR Difference.” This comprehensive document underscores the beverage giant’s ongoing dedication to ethical operations, environmental conservation, and generating meaningful social value throughout Nigeria. The release coincides with a period of notable activity in the Nigerian business landscape, including shifts in […]

The Economic Community of West African States (ECOWAS) has officially announced a significant recruitment drive, inviting applications from qualified citizens of its member states. The regional body has published multiple vacancies across its various institutions and set a firm submission deadline of April 30. Available positions span a diverse array of professional sectors critical to […]

In a significant move to bolster continental financial integration, the Nigerian Exchange Group Plc (NGX Group) has convened a pivotal meeting with leading African stock exchanges. The focus of the closed-door session, held in Lagos on Tuesday, March 31, 2026, was to accelerate cross-border listings for the highly anticipated Dangote Refinery public offering. This strategic […]

The Nigeria Sovereign Investment Authority (NSIA) has reported a significant milestone, with its total assets reaching $3.4 billion (N4.91 trillion) in 2025. This 10.9% year-on-year growth was formally announced during the Authority’s recent Earnings Presentation and Media Parley. The robust performance was primarily driven by a dynamic asset allocation strategy and efficient liquidity deployment. A […]

In a strategic move that reshapes Nigeria’s financial services landscape, Flutterwave has secured a banking license from regulatory authorities. This pivotal approval enables the fintech leader to formally operate banking services within Nigeria, representing a major evolution in its service portfolio. The company made the official announcement via its verified social media channels. This license […]

Lasaco Assurance Plc has formally launched a N18.47 billion rights issue, marking a pivotal step in its strategy to significantly bolster its capital foundation. The announcement was made at a signing ceremony held at the firm’s Lagos headquarters, following the receipt of all necessary regulatory approvals from the Nigerian Exchange Group (NGX) and the Securities […]

For entrepreneurs, investors, and global professionals, strategic residency planning is a cornerstone of financial efficiency. Selecting a jurisdiction with a favorable personal income tax regime can significantly impact net earnings while providing access to a high quality of life. The following analysis details the top 10 countries projected to offer the lowest personal income tax […]

SKLD Integrated Services Limited has formally launched a N7.5 billion Commercial Paper issuance, a key component of its established N10 billion Commercial Paper Programme. The capital raised through this initiative is designated to finance the company’s working capital requirements and to consolidate its ongoing growth and operational expansion. As a diversified enterprise operating across Nigeria […]

The Federal Airports Authority of Nigeria (FAAN) has announced a strategic initiative to bolster the nation’s aviation sector by supporting the development of two to three indigenous airlines as designated flag carriers. The Managing Director of FAAN, Mrs. Olubunmi Kuku, disclosed this plan during the recent Q1 Business Breakfast Meeting of the Aviation Safety Round […]

In a significant commitment to human capital development, the Bauchi State Government has unveiled a substantial budgetary allocation of N112.7 billion for the education sector in 2026. Governor Bala Mohammed announced this strategic investment during the combined convocation ceremony of Sa’adu Zungur University, Gadau, underscoring a comprehensive plan that spans primary, secondary, and tertiary education. […]

The West African Examinations Council (WAEC) has officially announced the results for the 2026 Computer-Based West African Senior School Certificate Examination (CB-WASSCE) for private candidates. The data reveals a notable performance trend, with 32.72% of candidates achieving the benchmark of five credits, including the crucial subjects of English Language and Mathematics. In a statement released […]

The West African Examinations Council (WAEC) has officially announced the release of results for the 2026 Computer-Based West African Senior School Certificate Examination (CB-WASSCE) for private candidates. In a statement dated Friday, March 27, 2026, the council confirmed that over 80% of the results have been processed and are now available for access. Candidates who […]

In a significant development for Nigeria’s economic landscape, Lagos State has been ranked the nation’s leading subnational entity for ease of doing business. The ranking comes from a comprehensive new report that assesses business environments across all states, underscoring the critical role of state-level governance in national economic growth. Report Methodology and Key Findings The […]

In a significant move to ensure electoral integrity, President Bola Ahmed Tinubu has mandated all political appointees within his administration who aspire to contest in the 2027 general elections to submit their resignations on or before March 31, 2026. This directive was formally issued by the Office of the Secretary to the Government of the […]

In a move signaling cautious stability amidst global economic crosscurrents, the Central Bank of Morocco has opted to maintain its benchmark interest rate at 2.25%. The decision, announced following the bank’s quarterly policy meeting, underscores a commitment to supporting growth while navigating external uncertainties. The bank’s stance is predicated on a currently stable domestic inflation […]

CREDICORP Launches “Fly Now, Pay Later” Initiative for Domestic Air Travel The Nigerian Consumer Credit Corporation (CREDICORP) has officially launched a “fly now, pay later” credit scheme designed to enhance the affordability and accessibility of domestic air travel for citizens. The corporation announced the new program via a statement on its official X account, outlining […]

The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a critical public alert regarding the circulation of counterfeit Phesgo 600mg, a vital medication for breast cancer treatment. This warning follows a report from the Lagos University Teaching Hospital, where patients presented suspected falsified Phesgo injections. According to the agency, the Marketing […]

The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a critical public alert regarding the voluntary recall of MR.7 SUPER 700000 capsules. This product, marketed online as a male enhancement dietary supplement, has been found to contain undeclared and potentially dangerous pharmaceutical ingredients. According to the regulatory agency, the manufacturer, StuffbyNainax […]

FCMB Group Plc has achieved a pivotal regulatory milestone, successfully securing the N500 billion capital required for its banking subsidiary to obtain an international banking license from the Central Bank of Nigeria. This significant recapitalization solidifies the bank’s position within the upper echelons of Nigeria’s restructured financial sector, aligning it with the Central Bank’s stringent […]

In a significant demonstration of regulatory efficacy, the Lagos State Consumer Protection Agency (LASCOPA) has successfully resolved over 11,000 complaints and recovered more than N860 million for consumers within a five-year period. The agency’s General Manager, Afolabi Solebo, revealed these figures during a roadshow in Lagos commemorating World Consumer Rights Day, an event akin to […]

The Federal Competition and Consumer Protection Commission (FCCPC) is poised to impose sanctions on five domestic airlines found culpable of colluding to fix ticket prices during the 2025 Christmas and New Year travel period. The revelation was made public by Sunday Dare, Special Adviser on Media & Public Communication to President Bola Tinubu, via a […]

In a significant ruling on a protracted internal party dispute, the Abuja Division of the Court of Appeal has dismissed an appeal filed by former Senate President, Senator David Mark, concerning the leadership of the African Democratic Congress (ADC). The unanimous decision brings a pivotal procedural chapter to a close while directing the substantive matter […]

In a significant move to address global supply constraints, the United States has authorized a 30-day waiver permitting nations to purchase Russian-origin oil currently stranded at sea. The decision, announced by U.S. Treasury Secretary Scott Bessent via a social media statement on March 13, 2026, aims to temporarily increase market availability and curb soaring prices […]

President Bola Tinubu has reaffirmed his administration’s commitment to prioritizing the welfare of Nigeria’s Armed Forces and sustaining support for ongoing counter-terrorism and counter-banditry operations. The President offered this assurance during an interfaith breaking of fast event in Abuja, attended by military personnel and senior government officials. In his address, President Tinubu commended the troops […]

In a significant step toward formalizing Nigeria’s evolving credit landscape, Vice President Senator Kashim Shettima has inaugurated the Board of the Nigerian Consumer Credit Corporation (CREDICORP). The ceremony comes on the heels of the institution disbursing over N37 billion in consumer credit to Nigerians within its first year of operation. According to a statement from […]

In a significant development in the high-profile case between a consumer and a major food manufacturer, Chioma Okoli has formally submitted a no-case application before the Federal High Court in Abuja. Okoli, a food critic facing criminal charges stemming from her online review of Erisco Foods Limited’s tomato paste product, seeks the dismissal of the […]

Instagram is introducing a new safety protocol designed to notify parents when their teenage children repeatedly search for content related to suicide or self-harm on the platform. This feature, set to launch in the coming weeks, will be available to parents who are enrolled in Instagram’s parental supervision tools. The platform specifies that alerts may […]

Market Analysis: NGX Rebounds as FCMB Drives N35.8 Billion Trade NGX Rebounds 0.58% on Strong Buying Interest; FCMB Shares Lead Activity The Nigerian Exchange (NGX) concluded trading on February 18, 2026, on a positive note, with the All-Share Index gaining 1,106.72 points. This represented a 0.58% increase, closing at 190,427.96 points compared to the previous […]

President Tinubu Signs Amended Electoral Act Ahead of 2027 Elections President Tinubu Enacts Electoral Act Amendment, Addressing Result Transmission President Bola Tinubu has formally signed the Electoral Act 2026 (Amendment) Bill into law, a pivotal legislative action preceding the 2027 general elections. The signing ceremony, conducted at the State House in Abuja, was attended by […]

Executive Order on Oil Revenues: Tinubu Suspends NNPCL Fees, Mandates Full Remittance Tinubu Signs Executive Order to Suspend NNPCL Fees, Redirect Oil Revenues President Bola Tinubu has enacted a significant Executive Order suspending specific fees collected by the Nigerian National Petroleum Company Limited (NNPCL) and mandating the complete remittance of oil and gas revenues to […]

Unity Bank and Providus Bank Merger Progresses, Awaits Final Court Sanction Unity Bank and Providus Bank Merger Nears Completion, Awaits Final Judicial Approval The strategic merger between Unity Bank Plc and Providus Bank Limited is advancing decisively, with the financial institutions confirming the process is on track pending a final court sanction. In a joint […]

FMBN Reports Record N152.4 Billion NHF Collection in 2025 Federal Mortgage Bank of Nigeria Achieves Historic NHF Milestone in 2025 The Federal Mortgage Bank of Nigeria (FMBN) has announced a historic achievement in its National Housing Fund (NHF) collections for the year 2025. The bank recorded a total of N152.4 billion, marking a significant 48% […]

FG Redeploys Police from VIP Escorts to North Central After Kwara Attack Federal Government Redeploys Police from VIP Escorts to Strengthen North Central Security In a significant shift of security resources, the Federal Government has executed a large-scale redeployment of Nigerian Police Force officers previously assigned to Very Important Persons (VIP) escort duties. This strategic […]

AgroEknor Secures Strategic Investment from Acumen to Scale Global Operations AgroEknor Secures Strategic Investment from Acumen to Scale Global Operations AgroEknor, a leading integrated agribusiness, has announced a significant strategic investment from Acumen, the globally respected U.S. impact fund. This partnership underscores robust investor confidence in the company’s farm-to-brand model as it scales operations. The […]

UPDC Secures Regulatory Extension on Free Float, Aims for Compliance by 2028 UPDC Granted Two-Year Extension to Meet NGX Free Float Requirements UPDC Plc, a prominent Nigerian real estate firm, has successfully secured a critical extension from NGX Regulation Limited (NGX RegCo) regarding its free float obligations. The company announced that the regulator has approved […]

Neimeth International Pharmaceuticals Announces N20bn Capital Raise for Expansion Neimeth International Pharmaceuticals Plc Unveils N20 Billion Capital Raise Strategy Neimeth International Pharmaceuticals Plc has announced a strategic initiative to raise N20 billion from the capital market. This fundraising program, approved by shareholders, is slated for 2025 and is designed to accelerate the company’s expansion and […]

INEC Chairman Pledges Expanded Tech Deployment for 2027 Elections | Electoral Transparency INEC Chairman Outlines Tech-Driven Roadmap for 2027 General Elections The Chairman of the Independent National Electoral Commission (INEC), Professor Joash Ojo Amupitan, SAN, has formally announced the Commission’s commitment to an expanded deployment of technology to bolster transparency in the forthcoming 2027 General […]

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. […]