Habeeb biodun bamigboye

U.S. Denaturalization Efforts Expand Under Trump Administration U.S. Government Intensifies Scrutiny of Naturalized Citizens The Trump administration has significantly escalated efforts to identify and revoke the citizenship of naturalized Americans, marking a major expansion of federal denaturalization programs. According to reports, U.S. Citizenship and Immigration Services (USCIS) has reassigned personnel across its nationwide field offices […]

Significant Ethereum Exodus: $660 Million Withdrawn Amid Market Pressure Major Ethereum Exodus Sees $660 Million Pulled from Exchanges Cryptocurrency markets have witnessed a substantial shift in Ethereum holdings, with investors withdrawing approximately 330,000 ETH, valued at $660 million, from centralized exchanges over a six-day period. This movement, based on on-chain data from Santiment shared by […]

NGX Extends Rally to Ninth Session as Seplat Leads Advancers Seplat Powers NGX to Ninth Straight Gain as Index Nears 179,000 The Nigerian Exchange (NGX) extended its winning streak on Wednesday, February 12, 2026, closing firmly in positive territory. The All-Share Index (ASI) rose by 441.3 points, a gain of 0.25%, to settle at 178,625.6. […]

Lagos Coastal Road Crackdown: 75 Arrested, Illicit Drugs Seized in Late-Night Raid Lagos Intensifies Coastal Road Security, Arrests 75 in Major Crackdown The Lagos State Government has announced the arrest of 75 individuals and the recovery of suspected illicit drugs during a targeted enforcement operation along the strategic Coastal Road. The late-night raid, conducted by […]

CBN Imposes N10 Million Fine for Unapproved Cheque Security Features CBN Revises Sanctions, Mandates N10m Fine for Cheque Standard Violations The Central Bank of Nigeria (CBN) has issued a stringent revision to its sanction framework, imposing fines of up to ten million naira on banks and accredited printers for utilizing unapproved security features on cheques. […]

Top 10 African Countries with the Highest Minimum Wages in 2026 African Minimum Wages in 2026: Economic Growth Fuels Worker Support In an era where wages are a critical lifeline for everyday survival and dignity, African nations are navigating complex economic landscapes to bolster worker incomes. This effort unfolds against a backdrop of projected continental […]

InfraCredit Strengthens Balance Sheet with Full Redemption of AFC Preference Shares InfraCredit Completes Landmark Redemption of AFC USD Preference Shares Infrastructure Credit Guarantee Company Plc (InfraCredit) has announced the full and final redemption of the 7.246% Redeemable Cumulative USD Preference Shares held by Africa Finance Corporation (AFC). The transaction, executed on 25 November 2025, was […]

NIS Clarifies Passport Issuance: No Region Barred Amid Reform Gazette Furore Nigeria Immigration Service Denies Regional Passport Restrictions The Nigeria Immigration Service (NIS) has formally denied media reports alleging the barring of any region from passport issuance. In a statement released on Saturday, February 7, 2026, by its Public Relations Officer, A.S. Akinlabi, the Service […]

Navigating Nigeria’s Record-Breaking Equity Market: A Strategic Guide for Investors Navigating Nigeria’s Record-Breaking Equity Market: A Strategic Guide for Investors The Nigerian equity market is experiencing a historic rally, with the benchmark NGX All-Share Index (ASI) recently closing at an unprecedented 171,727.49 points. This represents a significant surge, driven by robust buying activity in key […]

Nigerian National Sentenced in U.S. for $6.8 Million Inheritance Fraud Scheme U.S. Court Sentences Nigerian National in Multimillion-Dollar Inheritance Fraud A federal court in the United States has sentenced Tochukwu Albert Nnebocha, a Nigerian national, to over eight years in prison for orchestrating a sophisticated inheritance fraud scheme that defrauded elderly Americans of millions. The […]

Federal Government Commissions Critical Repairs on Gwada-Shiroro Road | Infrastructure Update Federal Government Commissions Critical Repairs on Niger State’s Gwada-Shiroro Road The Federal Government has officially commissioned completed emergency repairs on critically failed sections of the Gwada-Shiroro Road in Niger State. According to a statement released on the Federal Ministry of Works’ website, the intervention […]

Presco Plc Announces 57% Surge in Annual Pre-Tax Profit for 2025 Presco Plc Reports Robust 57% Annual Profit Growth Amid Strategic Expansion Presco Plc has unveiled a formidable financial performance for the fiscal year ending December 31, 2025, according to its unaudited accounts. The agribusiness giant recorded a profit before tax of ₦178.56 billion, representing […]

Consolidated Hallmark Reports N9.7 Billion Profit for 2025 Amid Investment Income Shift Consolidated Hallmark Holdings Plc Announces 2025 Financial Results Consolidated Hallmark Holdings Plc has released its audited financial statements for the year ended December 31, 2025, reporting a profit before tax of N9.70 billion. This figure represents a significant 58.3% decrease from the N23.28 […]

Royal Exchange Plc Announces Leadership Transition: Ikeme Osakwe Appointed Chairman Royal Exchange Plc Announces Board Leadership Transition In a significant corporate development, Royal Exchange Plc has confirmed a major change in its board leadership. The company announced the appointment of Mr. Ikeme Osakwe as its new Group Chairman, succeeding Mr. Kenny Ezenwani Odogwu, who has […]

EFCC Arraigns Alleged Fake Investor for $525,276 Fraud Targeting Americans | Court Case Update EFCC Arraigns Alleged Fake Investor Over $525,276 Fraud Involving Americans The Economic and Financial Crimes Commission (EFCC) has arraigned one Victor Ekpong Thompson before the Federal High Court in Uyo for allegedly defrauding several American citizens of $525,276 through a fictitious […]

Nigeria Police Arrest Six in N7.7 Billion Telecom Fraud Syndicate | Cybercrime Crackdown Nigeria Police Dismantle Syndicate in N7.7 Billion Telecom Fraud Case The Nigeria Police Force–National Cybercrime Centre (NPF-NCCC) has announced the arrest of six individuals allegedly involved in a sophisticated N7.7 billion telecommunications fraud scheme. The operation, which targeted the illegal diversion of […]

NGX Sheds 549 Points Amid Cautious Trading | Market Wrap Nigerian Exchange Retreats as Index Holds 165,000 Level The Nigerian Exchange (NGX) concluded Wednesday, January 28, 2026, on a negative note, with the benchmark All-Share Index (ASI) declining by 549.4 points. This represented a 0.33% drop from the previous session, closing at 165,164.4 as the […]

UBA, VERICASH, and CWG: A Decade of Digital Banking Transformation in Africa A Decade of Digital Innovation: UBA, VERICASH, and CWG Transform African Banking United Bank for Africa (UBA) is commemorating a significant ten-year milestone in its digital evolution, a journey powered by its strategic alliance with fintech enablement provider VERICASH and technology services firm […]

Governor Soludo Condemns Sit-At-Home as Economic Sabotage, Closes Onitsha Market Anambra Governor Takes Hard Stance on Monday Market Closure Anambra State Governor, Professor Chukwuma Soludo, has issued a stern rebuke against traders at the Onitsha Main Market, labeling their continued adherence to a Monday sit-at-home order as a deliberate act of economic sabotage. The governor […]

Northern Nigeria Flour Mills Faces Profitability Crisis in 2026 Northern Nigeria Flour Mills Plc (NNFM) is confronting a severe profitability squeeze in 2026, as its latest financial disclosures reveal a troubling inability to convert revenue into retained earnings. The company’s unaudited results for the nine-month period ending December 2025 show a dramatic decline across all […]

Court of Appeal Disqualifies Nestoil’s Legal Team in $2 Billion Debt Dispute Appellate Court Disqualifies Senior Advocates in Nestoil’s $2 Billion Receivership Battle In a significant procedural ruling, the Court of Appeal in Lagos has disqualified the legal teams led by Chief Wole Olanipekun SAN and Dr. Muiz Banire SAN from representing Nestoil Limited and […]

Market Analysis: Nigerian All-Share Index Edges Higher Amid Cautious Trading Nigerian Equities See Modest Rebound as Trading Activity Cools The Nigerian equity market registered a slight gain in the session ended January 23, 2026, with the All-Share Index (ASI) advancing by 0.07%. The index closed at 165,512.2 points, marking a 114.8-point recovery from the previous […]

CBN Announces ATM-Card Ratio Policy to Address Cash Shortages CBN to Enforce ATM-Card Ratio Policy for Improved Cash Access The Central Bank of Nigeria (CBN) has announced plans to introduce a new regulatory framework aimed at resolving persistent cash access challenges by linking debit card issuance to Automated Teller Machine (ATM) infrastructure. This policy shift, […]

Sterling Holdings: Ess-ay Investment Boosts Stake with N197.9 Million Share Purchase Substantial Shareholder Expands Position in Sterling Financial Holdings Sterling Financial Holdings Company has formally notified the Nigerian Exchange (NGX) of a significant share acquisition by a major insider entity. Ess-ay Investment Limited, a company associated with Non-Executive Director Mrs. Tairat Tijani, purchased shares worth […]

Netflix Criticizes Paramount’s WBD Bid Over Debt Concerns | Media Merger Analysis Netflix Challenges Paramount’s $108 Billion Warner Bros Discovery Bid, Citing Debt Risks In a high-stakes battle for media consolidation, Netflix has publicly criticized Paramount Global’s $108 billion acquisition offer for Warner Bros Discovery (WBD), expressing significant concerns over the rival studio’s existing debt […]

Nigeria’s Non-Oil Exports Reach Record $6.1 Billion in 2025 Nigeria Achieves Historic $6.1 Billion in Non-Oil Exports for 2025 In a landmark announcement, the Nigerian Export Promotion Council (NEPC) has reported that the nation’s non-oil export sector reached a record valuation of $6.1 billion in 2025. This performance, representing an 11.5% increase from the $5.4 […]

Numoni Launches Innovative Digital Wallet with Upfront Rewards Model Numoni Introduces a New Category: Upfront Rewards Before Spending In a digital payments landscape saturated with conventional wallets and post-purchase incentives, Numoni has officially launched a pioneering solution. The company, represented at the unveiling by Founder and CEO Francis Ekeng, Head of Growth and Business Development […]

Cash Remains Indispensable in Nigeria’s Digital Payments Landscape, Says Access Bank GM Banking Operations Conference to Address Future of Cash in Digital Era Despite the significant rise of digital payments in Nigeria, physical cash continues to be an indispensable component of the nation’s economic activity. This perspective was emphasized by Abraham Aziegbe, General Manager and […]

Federal Government Opens Technical College Admissions Portal for 2025 Federal Government Announces Opening of Technical College Admission Portal The Federal Government has officially set January 26 as the commencement date for admissions into Federal Technical Colleges across Nigeria. The announcement, made via a statement from the Federal Ministry of Education in Abuja, signifies a pivotal […]

India Diversifies Basmati Rice Exports Amid Iranian Market Instability India Seeks New Basmati Rice Markets as Iran Unrest Disrupts Exports India is actively pursuing new international markets for its premium basmati rice, a strategic shift prompted by political unrest and economic instability in Iran, a traditional key buyer. This move, disclosed by the Indian Rice […]

MAX Secures $24M Funding to Scale Electric Vehicle Financing Across Africa Nigerian Mobility Startup MAX Raises $24 Million for EV Expansion Metro Africa Xpress (MAX), a pioneering Nigerian mobility and asset-financing startup, has successfully closed a $24 million funding round comprising both equity and debt. This significant capital injection is earmarked to accelerate the company’s […]

Trump Announces 10% Tariffs on European Nations Over Greenland Dispute Trump Links New European Tariffs to Greenland Acquisition Demand In a move escalating transatlantic tensions, former U.S. President Donald Trump announced sweeping new tariffs targeting several European nations. The policy, directly tied to his reiterated ambition for the United States to acquire Greenland, is set […]

Anambra Integrates Vocational Skills into Junior Secondary Curriculum Anambra State Redefines Education with New Vocational JSS Subjects The Anambra State Government has launched a significant educational reform, integrating 15 entrepreneurial subjects into the Junior Secondary School (JSS) curriculum. This initiative is designed to equip students with practical, marketable skills and cultivate an entrepreneurial mindset from […]

USCIS Tightens Photo Rules: New 3-Year Limit on Reuse USCIS Implements Stricter Photo Requirements for Immigration Filings The U.S. Citizenship and Immigration Services (USCIS) has announced a significant tightening of photograph requirements for immigration applications. This policy shift ends the prolonged reuse of outdated images and mandates that all photos be captured by the agency […]

Naira Appreciates Slightly to N1,417.95/$ Amid Stable $45.8 Billion Reserves Naira Records Modest Gain, Closing Week at N1,417.95 Against US Dollar The Nigerian Naira concluded the third trading week of January 2026 with a slight appreciation, closing at N1,417.95 to the US dollar on Friday. This marginal gain capped a week of relative stability for […]

Top 10 Most Expensive States to Live in Nigeria: December 2025 CPI Analysis Nigeria’s Cost of Living Landscape in December 2025: A State-Level Analysis While Nigeria’s national inflation rate showed a significant moderation in December 2025, falling to 15.15% following a methodological review by the National Bureau of Statistics (NBS), cost-of-living pressures remained acutely elevated […]

UK Government Introduces Bill to Prioritise Domestic Medical Graduates for NHS Training New NHS Training Bill Aims to Prioritise UK Medical Graduates The UK government has formally introduced the Medical Training (Prioritisation) Bill, legislation designed to grant graduates of British medical schools priority access to specialty training posts within the National Health Service (NHS). Tabled […]

EU Removes Nigeria from High-Risk Financial List: Implications and Impact European Union Officially Delists Nigeria from High-Risk Financial Jurisdictions In a significant development for the nation’s financial standing, the European Union has formally removed Nigeria from its list of high-risk jurisdictions for money laundering and terrorism financing. This decision, which also applies to South Africa, […]

Market Analysis: ASI Halts 9-Day Rally as Nestle Gains 10% Nigerian Equities See Profit-Taking as Bullish Run Pauses The Nigerian equity market experienced a shift in sentiment on January 15, 2026, as the All-Share Index (ASI) declined by 714.7 points, or 0.43%, to close at 166,057.3. This movement ended a notable nine-day winning streak, highlighting […]

EFCC Secures $150,000 Forfeiture Order in Vetifly Global Investment Dispute Court Orders Interim Forfeiture of $150,000 in Vetifly Global Director Case The Economic and Financial Crimes Commission (EFCC) has secured a Federal High Court order for the interim forfeiture of $150,000 linked to Emmanuel Okoh, a Director of Vetifly Global Inc. The order, granted by […]

NASD Exchange Market Value Soars 106% in 2025 Driven by New Listings NASD Exchange Records Stellar 2025 Performance with 106% Surge in Market Capitalization The NASD Over-the-Counter (OTC) Securities Exchange concluded 2025 with exceptional growth, as its total market value skyrocketed by 106%. This remarkable performance underscores the exchange’s rising prominence as a critical platform […]

UK Investigates X Over Non-Consensual AI Image Generation UK Regulators Launch Probe into X’s AI Tool Grok The United Kingdom has initiated an investigation into Elon Musk’s platform, X, concerning its artificial intelligence tool, Grok. The probe focuses on the generation of non-consensual sexually explicit imagery, a move that could expose the platform to significant […]

Europol Crackdown: 10 Nigerians Arrested in Black Axe Fraud Network Disruption International Operation Targets Black Axe Criminal Network Leadership In a significant cross-border operation, Europol has announced the arrest of 34 individuals linked to the notorious ‘Black Axe’ criminal organization, including a core group of 10 Nigerian nationals. The coordinated crackdown, which targeted the network’s […]

U.S. Visa Revocations Hit Record High in 2025: Policy Shift Explained U.S. State Department Revokes Over 100,000 Visas in 2025, Setting New Record The United States Department of State revoked more than 100,000 foreign visas in 2025, an all-time high that more than doubled the previous year’s total of 40,000. This unprecedented action, disclosed following […]

Funke Akindele Makes Box Office History with N5.3 Billion Gross Funke Akindele Cements Box Office Dominance with Record N5.3 Billion Gross Nollywood powerhouse Funke Akindele has achieved an unprecedented milestone, ranking as the number-one filmmaker at the African box office for three consecutive years. According to official data from regional cinema distributors and industry trackers, […]

Bill Gates Completes $7.9B Transfer to Melinda French Gates’ Charity Major Philanthropic Shift: Bill Gates Transfers $7.9 Billion to Melinda French Gates’ Foundation In a landmark move that redefines the landscape of global philanthropy, Bill Gates has transferred nearly $8 billion to a nonprofit organization controlled by his former wife, Melinda French Gates. This substantial […]

Moremonee Launches MoneeDirect: A Groundbreaking Facial Verification Transfer for Africa Moremonee Pioneers Contactless Banking with 2026 Launch of MoneeDirect In a significant advancement for digital finance, Moremonee has commenced 2026 with the launch of MoneeDirect. This innovative feature represents a bold move in the banking sector, enabling users to send money urgently through another Moremonee […]

MSport 2026: Innovation, Major Winners, and Leadership in African Sports Betting MSport 2026: Reinforcing Its Position as Africa’s Premier Sports Betting Platform In the dynamic landscape of African sports, where every goal and prediction fuels passion, MSport stands as the continent’s definitive sports betting platform. As the market grows, MSport enters 2026 with a reinforced […]

Busha Evolves: From Crypto Exchange to Comprehensive Digital Money App for Emerging Markets Busha Unveils New Identity and Expanded Financial Platform for Emerging Markets Busha, a licensed Nigerian cryptocurrency exchange, has announced a significant strategic evolution, transitioning from a dedicated crypto trading platform into a full-service digital money application. This comprehensive rebrand includes a new […]

CoinsPaid Review: A Professional Analysis of the Crypto Payment Ecosystem CoinsPaid Crypto Payment Gateway: A Comprehensive Review In the evolving landscape of digital finance, selecting a robust cryptocurrency payment provider is a critical decision that directly impacts a business’s operational efficiency and growth trajectory. This review provides a professional examination of CoinsPaid, a platform that […]