- Crime & City Diary
Former NEXIM Bank MD Robert Orya jailed 490 years over N2.4bn fraud
The Federal Capital Territory High Court has convicted Robert Orya, former Managing Director of the Nigerian Export-Import Bank (NEXIM), for fraud totaling about N2.4 billion. This was confirmed in a statement by the Economic and Financial Crimes Commission (EFCC) on February 5, 2026. The conviction highlights the ongoing efforts by authorities to hold senior executives accountable for financial crimes in…
Read More » - Business
MTN in talks to acquire 75% stake in IHS Holdings
MTN Group, Africa’s largest mobile network operator, has entered advanced discussions to acquire the roughly 75per cent stake in IHS Holding Limited that it does not already own. The move would give the South African telecom giant full control of one of the world’s largest independent tower companies. In a cautionary notice to investors on Thursday, MTN confirmed it is…
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Transcorp, DMO, among winners at NGX ‘Made of Africa’ awards
Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel Hill Denham and MTN Nigeria Communications were among the recipients at the 2025 Made of Africa Awards hosted by Nigerian Exchange Group, recognising institutions driving performance across Nigeria’s capital markets. The awards honour brokers, issuing houses, trustees, fund managers, listed companies and other market participants for excellence in value delivery, compliance…
Read More » - Homeland News
Gov. AbdulRazaq visits Kaiama, Woro, orders humanitarian support for terror victims
…as Tinubu approves new military deployments By Mosunmola Ayobami, Ilorin Kwara State Governor AbdulRahman AbdulRazaq has directed the state emergency management agency to mobilise support for victims of the Tuesday night terrorist attacks in Woro, Kaiama Local Government Area of the State. The Governor made the directive around 2 a.m. on Thursday following his visit to the community where he…
Read More » - Economy
Fiscal, monetary policy alignment critical to sustainable economy, says ICAN
Institute of Chartered Accountants of Nigeria (ICAN) has expressed that aligning fiscal and monetary policies is critical to achieving sustainable economic growth in Nigeria. Chairman of the 20th western zonal conference of the ICAN, Kolawole Bisiriyu spoke on Wednesday at a press conference in Lagos. The news conference was held ahead of the event said to be for ICAN’s Ilupeju-Gbagada…
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NGX Group, SEC, Nigeria Police Force collaborate on capital market integrity
Nigerian Exchange Group Plc (NGX Group) on Wednesday, hosted a Closing Gong Ceremony in honour of the Inspector-General of Police, IGP Kayode Egbetokun, signaling a strengthened partnership between capital market regulators and law enforcement agencies. The ceremony highlighted a shared commitment to investor protection, the prevention of financial crime, and the reinforcement of trust and confidence in Nigeria’s capital market.…
Read More » - Economy
NNPCL engaging partners with proven capacity to revamp its refineries, says Ojulari
The Group Chief Executive Officer, NNPC Ltd, Engr. Bashir Bayo Ojulari, has stated that the Company is currently in talks with partners with proven track record of refining and petrochemical operations, in order to build sustainable, self-financing, and profitable solutions for its refineries. Ojulari disclosed this while fielding questions during a fireside chat themed “Securing Nigeria’s Energy Future at NIES…
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Equities market gains N1.4trn amid impressive corporate earnings
The Nigerian equities market on Wednesday gained N1.4 trillion, driven by strong Q4 earnings reports from key companies. The Nigerian Exchange Limited All Share Index (NGX ASI) gained by 2,128.61 points, or 1.28 per cent to close at 168,030.18 points. Accordingly, market capitalisation rose by N1.366 trillion to close at N107.861 trillion. Market sentiment closed positive with 53 gainers outpacing…
Read More » - Economy
FG, IFC sign cooperation agreement on bankable infrastructure, private investment
The Federal Government, through the Federal Ministry of Budget and Economic Planning, has signed a cooperation agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to enhance project preparation, mobilise private capital, and speed up the delivery of bankable infrastructure projects vital to Nigeria’s economic transformation. The signing ceremony, held in Abuja on Tuesday, was…
Read More » - Homeland News
Gov Abdulrazaq not celebrating own birthday, says CPS
By Mosunmola Ayobami, Ilorin Kwara state governor, Mallam Abdulrahman Abdulrazaq has again notified members of the public that he will be spending his birthday like every other day of his life, no drums, no trumpets. The governor said this has been his personal choice since he assumed office in 2019 as the Governor of Kwara State. This was contained in…
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