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Traders in Despair as Inferno Razes Ikotun Market A catastrophic fire has completely leveled a vast section of the renowned Ikotun Market in the Alimosho Local Government Area, resulting in the total destruction of goods and properties worth millions of naira. The massive blaze, which reportedly broke out during the early hours of […]
Billionaire investor and industrialist, Femi Otedola has attributed recent signs of economic stabilisation in Nigeria to what he described as decisive leadership by President Bola Ahmed Tinubu and disciplined monetary reforms under Central Bank of Nigeria (CBN) Governor, Yemi Cardoso. Otedola, who has spent over three decades investing across key sectors of the Nigerian economy, […]
Nigeria’s capital market is expected to sustain a positive momentum in 2026, with reforms in the banking sector emerging as a major catalyst, according to projections by the Central Bank of Nigeria (CBN). In its latest report titled “Macroeconomic Outlook for Nigeria, 2026: Consolidating Macroeconomic Stability Amid Global Uncertainty”, the apex bank expressed optimism that […]
The Lagos Chamber of Commerce and Industry (LCCI) has warned that the success of Nigeria’s newly signed Tax Reform Act will depend largely on how transparently and effectively it is implemented, stressing that poor execution could undermine economic recovery efforts. In its 2025 economic review and 2026 outlook, the chamber said the Federal Government must […]
Official records from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) indicate that petroleum product vessels calling at Nigerian ports in November 2025 were largely cleared within 24 hours, reflecting faster turnaround times in the country’s downstream regulatory process. Data from the authority’s vessel clearance schedule for the month show that many applications were […]
Nigeria’s stock market wrapped up 2025 with one of its strongest performances in nearly two decades, but the historic rally masked sharp contrasts beneath the surface, particularly in how it affected the fortunes of the country’s wealthiest investors. The NGX All-Share Index surged by 51.19 per cent year-to-date to close at 155,613.03 points, marking its […]
The Ogun State Police have taken the driver of the Lexus SUV carrying former world heavyweight boxing champion Anthony Joshua into custody following a crash on Monday along the Lagos-Ibadan Expressway near Danco. The accident involved Joshua and three others traveling from Lagos to Sagamu. The SUV reportedly collided with a stationary truck. While Joshua […]
A tragic accident occurred on Thursday along the Lagos-Ibadan Expressway, near the NASFAT junction in Ogun State, leaving six passengers dead and two others injured. The crash involved an 18-seater commercial bus heading from Lagos and a Volvo truck coming from Ibadan. Eyewitnesses said the truck was reportedly attempting a U-turn when the bus ran […]
Gunmen reportedly abducted the Aniwo 1 of Aafin community, Oba Simeon Olaonipekun and one of his sons, Olaolu after a late-night attack on the monarch’s palace on New Year’s Eve. Witnesses said about eight armed men invaded the palace around 8 p.m., shooting into the air and demanding to see the king and his wife. […]
Bauchi State Governor and Chairman of the Peoples Democratic Party (PDP) Governors’ Forum, Bala Mohammed, has accused the Minister of the Federal Capital Territory, Nyesom Wike, of deliberately undermining the PDP, describing him as an “undertaker” being used to destroy Nigeria’s main opposition party. Mohammed made the remarks during an interview on Sunrise Daily on […]
