The Nigerian stock market has witnessed a significant increase in activity, with GTCO and ACCESSCORP emerging as the top performers. According to the latest data, GTCO led the activity chart with an impressive 53.2 million shares traded, followed closely by ACCESSCORP with 51.9 million shares. The top five performers on the activity chart […]
The Financial Times, in partnership with Statista, has released its annual ranking of Africa’s Fastest-Growing Companies, with 17 Nigerian firms making the cut. The list, which tracks compound annual revenue growth between 2020 and 2023, features a diverse range of companies from Nigeria, including fintech giant Moniepoint Inc., hospitality leader Transcorp Hotels Plc, and […]
The Nigerian Presidency has announced that the country has secured over $8 billion in investments for deepwater and gas projects within a year, thanks to government reforms and improved business conditions. This was revealed by Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, during her address at the 2025 Africa CEO Forum […]
Nigerian music superstar, Ayodeji Ibrahim Balogun, popularly known as Wizkid, has reached a historic milestone in his career, becoming the first African artist to surpass 20 billion global audio on-demand streams. This achievement solidifies his position as one of the most influential figures in modern music, further cementing Afrobeats’ global dominance. Wizkid’s groundbreaking 20 […]
Tech giant, Microsoft has announced plans to lay off approximately 6,000 employees, representing about 3% of its global workforce, as part of a broader organizational restructuring. The move comes alongside the official shutdown of Skype, marking the end of an era for the once-dominant communication platform. The layoffs, expected to impact employees across […]
The Nigeria Customs Service (NCS) has intercepted a significant cache of explosives hidden within cartons labeled as containing copies of the Quran at the Badagry–Lagos Expressway, a major trade route connecting Nigeria and the Republic of Benin. The discovery, made during routine checks, has raised serious security concerns about the methods smugglers are […]
The internal crisis rocking Labour Party deepened on Tuesday as Ferdinand Ekeoma, Special Adviser on Media and Publicity to Abia State Governor, Alex Otti, launched a scathing attack on the party’s suspended National Chairman, Julius Abure, accusing him of compromising the party’s integrity and weakening its democratic foundation. In a strongly worded statement, Ekeoma […]
The Economic and Financial Crimes Commission (EFCC) has admitted wrongfully declaring Elie Bitar, a Lebanese businessman, wanted in connection with the controversial CBEX Ponzi scheme. This admission comes after mounting criticism and investigative reporting revealed that Bitar had been erroneously linked to the scam. In a statement released on Tuesday, May 14, the EFCC confirmed […]
The Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, has assured that the judiciary is working to address its major problems, including delays in delivering justice, lack of resources, and loss of public confidence. She made this promise during a special court session held in Abuja to honor the late Supreme Court Justice, Emmanuel Ogwuegbu. […]
Human rights activist and former presidential candidate, Omoyele Sowore, has called for the outright scrapping of several major Nigerian institutions, citing what he described as their bureaucratic inefficiency and failure to serve national interests. The agencies he named include the Joint Admissions and Matriculation Board (JAMB), the National Youth Service Corps (NYSC), the Tertiary […]
