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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, […]