Month: September 2026

Nigeria’s capital market has received a major boost after FTSE Russell confirmed the country’s return to Frontier Market status from September 21, 2026. The decision reverses Nigeria’s “Unclassified” status in 2023, which was linked to foreign exchange liquidity challenges, difficulties repatriating investment proceeds and concerns over market accessibility. FTSE Russell also reviewed Nigeria’s transition from T+2 to T+1 settlement and found no significant settlement, operational or funding challenges following consultations […]

The Sokoto State Commissioner of Police, CP Hayatu Hassan Shafa, has warned political parties and their supporters against violence, hate speech, fake news and other acts capable of undermining the 2027 elections. Shafa gave the warning on Wednesday during a meeting with chairmen and representatives of political parties in the state. He urged political actors to conduct peaceful campaigns, cooperate with security agencies and allow voters to freely choose their […]

Minister of Aviation and Aerospace Development, Festus Keyamo, has condemned the reported blockade of Labour Party presidential candidate Peter Obi by youths in Benue State. Obi was reportedly stopped from proceeding to Yelwata in Guma Local Government Area, where he planned to visit families affected by the June 2025 attacks in the community. The incident sparked controversy, with Obi and his party alleging that the youths were sponsored, while the […]

The Nigerian Army has reshuffled its senior leadership, redeploying several generals to key command and operational positions. The Chief of Army Staff, Lieutenant General Waidi Shaibu, approved the postings to strengthen the Army’s operational effectiveness and response to security challenges across the country. Major General IA Ajose has been appointed Theatre Commander of the Joint Task Force North East, Operation HADIN KAI. Major General AM Umar becomes Commandant of the […]

The House of Representatives Public Accounts Committee has commenced an investigation into ₦432.07 billion in outstanding regulatory debts owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) by the Nigerian National Petroleum Company Limited (NNPCL) and oil companies. The probe followed findings in the Auditor-General’s reports on unpaid petroleum-related obligations. The 2023 audit report put the combined debt at ₦392.73 billion, with NNPCL owing ₦162.46 billion and oil […]

The Minister of Education, Dr Tunji Alausa, has commended the National Youth Service Corps (NYSC) for using technology to improve its operations and combat fraudulent activities. Alausa gave the commendation when the NYSC Director-General, Brigadier General Olakunle Nafiu, paid him a courtesy visit in Abuja. The minister praised the scheme’s adoption of digital technology in the registration and deployment of corps members, saying it had made the process more efficient […]

Nigerian manufacturers spent about N1.34 trillion on alternative electricity in 2025 as persistent power outages forced factories to rely on diesel generators, gas and other off-grid energy sources. Data from the Manufacturers Association of Nigeria (MAN) showed that the amount increased by about 21 per cent, from N1.11 trillion in 2024. MAN also reported that average daily electricity supply to manufacturers fell from 16.7 hours in the first half of […]