Business

Investors in the Nigerian equity market lost N1.2 trillion at the close of trading on Friday. This follows the fall in the prices of shares such as Zichis, FTN Cocoa, and TIP on the stock exchange floor. The benchmark All-Share Index (ASI) fell to 250,330.92 points from 252,243.11 points the previous day. After five hours of trading on the capital …

Post views: 21 By Silvernews The Imo State Football Association has invited football clubs across the state to register for this year’s State League competition as preparations for the new football season intensify. All interested clubs are expected to complete registration at the FA Secretariat, with organizers anticipating nearly 100 teams for the grassroots …

The British government has said it has no preferred candidate in Nigeria’s 2027 general election, reiterating its commitment to neutrality and support for a credible democratic process. The British Deputy High Commissioner to Nigeria, Gill Lever, made this known during a courtesy visit to the Kwara State Governor and Chairman of the Nigeria Governors Forum, AbdulRahman AbdulRazaq, at Government House, …

Nigeria’s headline inflation rate rose slightly to 15.69 percent in April 2026, from 15.38 percent recorded in March 2026, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS$. But the bureau said the latest figures showed a sharp decline when compared with the 26.82 percent recorded in April 2025. The report follows the …

By Ayo Kehinde The Nigeria Police Force has stepped up its crackdown on cyber crime and transnational financial fraud with the extradition of a Nigerian cyber fraud suspect, Samuel Ugberease, to the United States of America on charges bordering on online romance scams, wire fraud and money laundering of over $1.5 million. The Force Public Relations Officer, DCP Anthony Placid, …

The Ekiti State Police Command has officially dismissed Sergeant Osayingbemi Temitope following his involvement in an incident associated with illicit drug use. The sacking was confirmed by the state police spokesperson, SP Sunday Abutu, in a statement released on Friday. The officer was captured in a viral video on May 9 in Ikole-Ekiti, displaying erratic behavior allegedly due to consumption …

Dangote Group President and Africa’s richest man, Aliko Dangote, has revealed that powerful interests in Nigeria’s oil sector are allegedly fighting aggressively to stop the construction of the $20 billion Dangote Oil Refinery, fearing the project will disrupt the country’s long-standing fuel import business. Dangote said the refinery had faced resistance for years from incumbents in the oil industry who …

Six-time Nigerian champions Rivers Hoopers have begun intense preparations for the 2026 Nigeria Premier Basketball League (NPBL) season. Following official confirmation from the organisers, the Nigeria Basketball Federation (NBBF) and the League Management Company (LMC), the NPBL 2026 previously scheduled for May 9, will now begin on May 16, with twenty (20) teams split across two conferences (Atlantic and Savannah). …

The anti-corruption crusade of the People’s Voice Organisation, a member of the national anti-corruption coalition ICPC in Ogun State, has raised the alarm over what it described as the growing culture of political exploitation, manipulation and abuse of public trust in Nigeria. The group warned that the continued commercialization of politics and the erosion of democratic accountability pose serious threats …

All 17 local government chairmen under the Association of Local Government Chairmen (ALGON) in Yobe State, have unanimously endorsed Alhaji Baba Malam Wali as the governorship candidate on the platform of the All Progressives Congress (APC) for the 2027 general elections in the state. Wali, who they described as a grassroots politician, has served the state under several administrations as …