Business

… 30 traditional rulers flee palaces amid a wave of assassinations and kidnappings No fewer than 30 traditional rulers across Kwara South have reportedly abandoned their palaces following continued attacks by armed groups, as angry residents took to the streets on Saturday to protest what they described as the “total collapse” of security in the region.. The development comes amid …

Investors earned N5.5 trillion as equity market capitalization soared in the just ended trading week. The market strengthened in all five trading sessions. The market value increased to N145.3 trillion from N139.8 trillion recorded last week while the All-Share Index (ASI) appreciated by 3.94% closing the week at 225,722.49 points up from 217,167.57 points recorded the previous week. The Nigerian …

By Ayo Kehinde Nigeria’s Value Added Tax (VAT) disbursement to states increased sharply in February 2026, with gross allocations increasing by 30.36% month-on-month to ₦551.77 billion from ₦423.25 billion recorded in January. Data from the Accountant General’s Office shows that net VAT outlay also increased by 31.41% to ₦541.89 billion, reflecting sustained revenue momentum in subnational governments in the first …

Few minutes ago, I came across a deliberately distorted report of what supposedly transpired at a stakeholders meeting of Ogun Central Senatorial District, held at the Hilltop residence of former Ogun State Governor, Aremo Olusegun Osoba. The tone of the report in particular, published by an obviously biased blog, reveals nothing more than a war operation by apologists for detractors …

Oladeji Adedamola Adedayo did not start his university journey with Physiology as his first choice. After missing the cut-off mark for Medicine and Surgery with a UTME score of 218, he decided to stay at the College of Medicine, Ekiti State University, where he studied Physiology. What seemed like a setback ultimately turned into a decisive turning point. Graduating with …

By Victor Osula, Abuja The Federal High Court in Abuja has restrained the Nigeria Police Force and the Federal Road Safety Corps (FRSC) from imposing fines on motorists for insuring third party motor vehicles without a valid court order. The ruling, delivered by Justice Hauwa Yilwa on Friday, follows a lawsuit filed by activist-lawyer Deji Adeyanju against the Inspector General …

The Economic and Financial Crimes Commission (EFCC) has arrested a former board chairman of the defunct Skye Bank Plc Plc, Tunde Ayeni, for alleged money laundering, embezzlement and diversion of funds A source close to the commission said on Friday that Ayeni, a businessman, was picked up on Thursday in Abuja. The former president, the source said, was questioned for …

Investors in the Nigerian equity market earned N1.8 trillion at the close of trading on Friday. This follows a surge in the prices of shares such as UPDC, Academy Press and HM Call, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 225,722.49 points from 222,837.68 points on the previous trading day. After five …

The Oyo State Government on Friday confirmed five cases of Lassa fever, with one death recorded in the state. The Commissioner for Health, Oluwaserimi Ajetunmobi, disclosed this during a press conference in Ibadan, the state capital, stressing that the affected patients are currently receiving treatment. He said the infected people were admitted to the Olodo State Center for Infectious Diseases …

By Ayo Kehinde President Bola Tinubu has approved a 30% reduction in debts owed by national airlines to federal aviation agencies, offering crucial financial relief to operators grappling with rising operating costs, particularly sharp increases in aviation fuel prices. According to Reuters, the Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the presidential approval on Thursday evening, describing it …