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featured Finance

NGX investors lose ₦2.4tn as profit-taking continues

The Nigerian stock market has sustained profit taking for second consecutive weeks, as investors lost over N2.4 trillion to price declines. The investors had lost over N5.6 trillion the previous week following massive selloff in high and mid capitalised stocks. Market analysts are of the view that the negative close reflects the market’s current phase […]

featured Helth

Nigeria plans first local veterinary hormonal drug manufacturing plant

Nigeria could soon begin producing veterinary hormonal drugs locally, as Chromedix Pharmaceuticals Limited has approached the Federal Ministry of Livestock Development with a proposal to build the country’s first manufacturing facility for such products. Vanguard reported that this comes five months after the ministry raised alarm over the persistent circulation of substandard and falsified veterinary […]

featured Policy and Regulations

Pharmacists urge Akpabio to stop NHFRA bill, cite possible sector crisis

The Association of Community Pharmacists of Nigeria on Sunday urged Senate President Godswill Akpabio to halt the proposed National Health Facility Regulatory Agency Bill, warning that the move could trigger another round of crisis in Nigeria’s fragile health sector. Vanguard reported that, in a petition to the Senate, the pharmacists described the bill as an […]

Banking

Providus, Unity Bank complete merger, launch unified banking operations

Providus Bank and Unity Bank are set to begin operations as a single unified institution following the successful completion of their business combination and the fulfilment of all required regulatory, shareholder, and court approvals. In a statement issued on Sunday, the bank said the newly established ProvidusUnity Bank will operate as a stronger, consolidated financial […]

Aviation

NiMet plans nationwide protest over alleged NAMA revenue non-remittance

Operations at airports across Nigeria may be disrupted from Wednesday as workers of the Nigerian Meteorological Agency prepare to begin a nationwide protest over the alleged failure of the Nigerian Airspace Management Agency to remit statutory revenue owed to the agency. The planned industrial action was announced by the NiMet Unions Joint Action Committee, which […]

featured News

Nigeria ranked world’s most generous country

Nigeria has been named the most generous country in the world according to the 2026 World Giving Report published by the Charities Aid Foundation, with citizens donating a higher share of their income to good causes than any other nation on earth. The landmark study, which surveyed 60,000 people across 105 countries, found that Nigerians […]

News

NDLEA seizes ₦12.4bn cannabis hidden in Lagos container

Operatives of the National Drug Law Enforcement Agency have intercepted a 40-foot container loaded with 4,959 kilograms of Canadian Loud, a potent strain of cannabis, valued at N12.397 billion in street value at the Apapa Port in Lagos. The seizure followed more than four weeks of intelligence-led surveillance and was made on Wednesday, June 23, […]

Economy

MSMEs are the engine room of Nigerian economy — Shettima

The Bola Tinubu’s administration is building a sustainable, enterprise-led Nigeria, where Micro Small and Medium-scaled Enterprises are improving livelihoods through the prosperity that is created in targeted infrastructure projects, business-support grants, and economic reforms, the Vice President, Senator Kashim Shettima, has said. The core vision, according to him, is to decentralize economic opportunities so that […]

Food

Tomato prices to drop from August, farmers assure Nigerians

The Tomatoes Growers and Processors Association of Nigeria has assured Nigerians that the current high prices of tomatoes are expected to decline considerably from August as the wet-season harvest reaches the market. The Kaduna State Chairman of TOPAN, Mr Rabiu Zuntu, gave the assurance in an interview with the News Agency of Nigeria on Sunday. […]

Opinion

SERAP urges NASS to probe ₦6.3bn constituency fund fraud

The Socio-Economic Rights and Accountability Project has urged Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas “to urgently refer allegations that ₦6.3 billion in constituency project funds may have been diverted, misapplied, or remain unaccounted for to the appropriate anti-corruption agencies for investigation and possible prosecution.” SERAP urged Mr Akpabio […]

featured News

APC chieftain backs Remi Tinubu over akara, kuli-kuli business comment

A chieftain of the All Progressives Congress, Abayomi Nurain Mumuni, has defended the First Lady, Oluremi Tinubu, against criticism over her advice urging Nigerians to embrace small-scale businesses, insisting that her remarks were widely misunderstood and were intended to promote economic self-sufficiency, particularly among women and low-income families. His reaction followed widespread criticism after Senator […]

featured Scams

ngCERT warns banks of ATM cash-out attacks, cites Senegal’s $2m heist

The Nigeria Computer Emergency Response Team has issued a cybersecurity advisory warning financial institutions across the country about a growing wave of cyber-enabled ATM cash-out attacks. According to the advisory, cybercriminals successfully orchestrated a coordinated ATM cash-out operation against UBA Senegal, resulting in fraudulent withdrawals exceeding $2 million through 3,421 ATM transactions. ngCERT said the […]