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Nigeria’s FDI jumps 148% despite Africa’s investment decline

By Yinka Kolawole   Nigeria emerged as one of Africa’s strongest foreign investment performers in 2025, recording a 148 per cent increase in Foreign Direct Investment (FDI) inflows despite a sharp decline across the continent, according to the UN Trade and Development (UNCTAD) World Investment Report 2026. The report showed that global FDI rebounded by six per […]

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Stock market extends rally as investors position for earnings season

By Peter Egwuatu The Nigerian stock market has sustained its positive momentum on Week-on-Week, WoW, as renewed buying interest in blue-chip stocks outweighed widespread profit-taking across the broader market. The benchmark, Nigerian Exchange (NGX) All-Share Index, ASI, closed marginally higher by 0.1%    at 245,573.60 points from 245,283.68 the previous week, arising from sustained institutional demand […]

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Only 6 banks pay N1.27trn dividends despite huge profits

Only six of Nigeria’s biggest listed banks rewarded shareholders with a combined N1.27 trillion dividend for the 2025 financial year, while five other profitable lenders were barred from making payouts after failing to meet the Central Bank of Nigeria’s prudential requirements.

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Criminal Hideouts Clampdown: RRS nabs over 30 in Lagos

By Olasunkanmi Akoni LAGOS—Operatives of the Lagos State Rapid Response Squad, RRS, have arrested more than 30 suspected miscreants during a midnight enforcement operation along the Lekki-Ajah Expressway. The operation, conducted on Sunday, was targeted at individuals allegedly causing disturbances and posing security concerns to motorists and other road users along the axis. The State […]

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Police probe death of Law School Student in Lagos hostel

By Olasunkanmi Akoni LAGOS—The Lagos State Police Command has commenced an investigation into the death of a 23-year-old female student of the Nigerian Law School at the institution’s hostel in Victoria Island, Lagos. The incident reportedly occurred in the early hours of Friday, August 7, 2026, when the student, identified as Alayande Faith Ajoke, was […]

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FG sends Passport intervention team to UK to clear pending applications

By Omeiza Ajayi ABUJA: The Federal Government has deployed a dedicated Passport Intervention Team from the Nigeria Immigration Service NIS Headquarters to the United Kingdom, as part of ongoing efforts to ease and streamline passport applications for Nigerians in the diaspora. According to the Service, Minister of Interior, Dr Olubunmi Tunji-Ojo, gave the directive to […]

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