Business

The Federal Government has announced the death of Nigeria’s ambassador-designate to Algeria, Mohammed Mahmud Lele.He was 50 years old. The Ministry of Foreign Affairs made this known in a statement released on Wednesday in Abuja by its spokesperson Kimiebi Ebienfa. According to the ministry, Lele died in the early hours of April 19, 2026 in Ankara, Turkey, after a long …

…Counterfeit drinks Linked to increased deaths and illnesses …40% of the alcohol market is now illegal …Smuggling and tax evasion fuel the market boom Daud Olatunji The Spirits and Wines Association of Nigeria has raised fresh concerns over the growing scale of the illicit alcohol trade in the country, revealing that Nigeria loses an estimated $428 billion every year to …

Calum McFarlane will take charge on an interim basis for the remainder of Chelsea’s season, starting with the FA Cup semi-final against Leeds United in four days’ time. Chelsea have parted ways with manager Liam Rosenior, just 107 days after taking charge at Stamford Bridge, following a damaging run of results that left the club’s season in serious danger. The …

The Federal High Court in Abuja on Wednesday ordered the remand of the alleged coup plotters in the custody of the Department of State Services (DSS). Judge Joyce Abdulmalik, in a ruling, also ordered an expedited hearing in the case. Judge Abdulmalik equally ordered the DSS to allow lawyers and family members to meet the defendants within a reasonable time. …

Investors in the Nigerian equity market earned an additional N861 billion at the close of trading on Wednesday. This follows a surge in the prices of shares such as UAC Nigeria, Cap and Vita Foam, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 219,586.2 points from 218,249.81 points on the previous trading day. …

Transactions on the floor of the Nigerian Exchange (NGX) on Wednesday remained on a positive trajectory, earning N861 billion.Gains recorded in shares of Zenith Bank, Transco Hotel, FirstHoldco and others boosted the day’s trading activities. Trading showed that strong gains in major stocks such as Stanbic, Vitafoam Nigeria Plc, Cap Plc, Nascon and 26 others had a positive impact on …

A Nigerian political communicator, Segun Sowunmi, is set to play a vital role as global policymakers and security experts gather in Washington, DC, US, on Thursday for a high-level Capitol Hill forum on terrorism and religious violence in Nigeria. The forum is expected to attract a broad spectrum of participants, including lawmakers, legal experts, religious leaders and security analysts, to …

Top scorer Erling Haaland arrived early and the only goal of the game in 5 minutes of play was enough to put Manchester City top of the table and relegate defeated Burnley to the league. Jeremy Doku provided the assist. City have hit form at the right time and look in an ominous state of mind, recovering nine points from …

The Federation Account Allocation Committee (FAAC) shared $2.036 trillion between the federal government, states and local government councils (LGCs). The revenue was shared at the FAAC’s April meeting in Abuja. The total distributable revenue of N2.036 trillion comprised statutory revenue of N1.320 trillion, Value Added Tax (VAT) revenue of N515.391 billion and Agmentation of N200 billion. A statement issued by …

The Federation Account Allocation Committee (FAAC) has shared a total of N2.036 trillion among the federal government, states and local government councils (LGCs) for March 2026, reflecting improved statutory revenue performance driven largely by stronger tax collection. The allocation was approved at the April 2026 FAAC meeting held in Abuja, according to a statement issued after the session. The distributable …