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Capital market: T+1 settlement cycle takes off June 1 — SEC

By Peter Egwuatu The Securities and Exchange Commission, SEC has announced the transition to a T+1 settlement cycle for equities and commodities transactions with effect from Monday June 1, 2926.   The Commission in a notice, outlined  a comprehensive framework that all capital market operators and relevant stakeholders are encouraged to adopt in preparation for this significant […]

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Nigeria’s oil exploration declines 41.7% as rig count falls — OPEC

By Udeme Akpan Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities. According to the May 2026 Monthly Oil Market Report, MOMR, of the Organization of the Petroleum Exporting Countries, Nigeria’s rig count – a major indicator of upstream oil and gas activities – […]

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Nigeria’s N40trn revenue target under threat from tax leakages —NRS

The Nigeria Revenue Service, NRS, has warned that persistent tax leakages, delayed remittances and weak compliance by some government institutions and sub-national entities could threaten its target of generating about N40 trillion in revenue for the federation in 2026.

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Zamfara APC Senatorial primaries: Shinkafi vows to challenge process in court

By Idris Salisu, Gusau For his exclusion to clear off in the Senatorial Primary, the Zamfara North Senatorial aspirant of All Progressive Congress (APC), Dr. Sani Abdullahi Shinkafi, vowed to challenge the process in court. Shinkafi, raised concerned over excluding cleared aspirants and opted for the affirmation of anointed candidates, describing the move as political […]

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OAU dons describes Elebuibon as repository of Yoruba tradition

…holds maiden lecture in his honour By Shina Abubakar, Osogbo Renown scholars of the Obafemi Awolowo University, OAU, Ile-Ife Osun State, have described the renown Ifa priest, Ifayemi Elebuibon as a repository of Yoruba tradition. The scholars spoke at the Maiden annual lecture held in honour of the cultural enthusiast by the Institute of Cultural […]

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Oden Ewa wins APC Cross River Central senatorial ticket, hails Otu, party members

By Jimoh Babatunde Oden Ewa has emerged as the candidate of the All Progressives Congress (APC) for Cross River Central Senatorial District after securing victory in the party’s primary election held on Sunday ahead of the 2027 general elections.The results were announced by the Returning Officer, Barrister Eyo Nsa Ekpo, following the collation exercise conducted […]

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ALGON donates 30 operational vehicles to security agencies in Osun

By Shina Abubakar Osogbo The Association Local Government of Nigeria, ALGON in Osun State has donated 30 patrol vehicles to security agencies to bolster security operations across the State. Among the security agencies that benefitted from the pick up patrol vehicles are the Nigeria Police Force, Nigeria Security and Civil Defence Corps, NSCDC, Federal Road […]

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