Business

Investors in the Nigerian equity market lost N276 billion at the close of trading on Monday. This follows the fall in the prices of shares such as Secure Electronics, May and Baker and Legend Internet, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) fell to 200,484.43 points from 200,913.06 points on the previous trading day. After …

By Ayo Kehinde With just hours to go before the March 31st deadline, many Nigerian taxpayers are still uncertain about how to file their personal tax return and comply with the legal requirements. Under the Nigeria Tax Act 2025, every individual earning income in the country is required to file an annual tax return covering the previous year’s earnings. In …

Dr Rabiu Musa Kwankwaso, former governor of Kano State, on Monday formally aligned himself with the African Democratic Congress (ADC), in a move described as a defining moment for opposition politics in the northwestern state.ADC National Chairman Senator David Mark received Kwankwaso along with supporters at his residence on Monday.Mark stressed that Kwankwaso’s defection was more than a political realignment, …

Post views: 356 By Silvernews The President of the Imo State Basketball Association, Hon. Johnbosco Ekezie Okeahialam, has congratulated the President of the Nigeria Basketball Federation, Musa Kida, and basketball stakeholders across the country following the recent FIBA ​​verdict on the Kida administration. Reacting to this development, Okeahialam, who closely followed the electoral process that brought Kida into office …

Civil society organizations have raised fresh concerns over the failure to use millions of dollars recovered from former public officials, warning that delays in disbursing the funds could erode public confidence in Nigeria’s fight against corruption. The groups said about $50 million linked to former Petroleum Resources Minister, Diezani Alison-Madueke, and $954,000 recovered from former Bayelsa State governor, Diepreye Alamieyeseigha, …

By Ayo Kehinde The United States sharply reduced imports of Nigerian crude oil in January 2026, cutting purchases by about 47.16% month-on-month, according to the latest data from the US Census Bureau and the US Bureau of Economic Analysis. Data from the US Report on International Trade in Goods and Services shows Nigeria’s crude oil imports fell to 1.664 million …

A former Attorney General and Minister of Justice, Chief Michael Aondoakaa (SAN), has resigned his membership of the All Progressives Congress (APC).This is contained in a statement he personally signed and made available to journalists in Makurdi on Sunday.Until his resignation, Andoakaa was one of the leading governorship aspirants of the APC in Benue State.The former minister, who said his …

The World Bank said conflict in the Middle East is affecting shipping routes as costs are rising and supply risks spilling over from energy to fertilizer and other critical agricultural inputs. In a statement on its website, the global bank said several countries had mobilized as the attacks intensified. According to the Washington-based lender, it is working with governments, the …

Post views: 33 By Silvernews Coach Bright Ozabegbe, Technical Adviser of Ikorodu City FC, has attributed his steady rise in football to years of grassroots coaching and a formative playing career, underscoring the importance of early development structures in shaping his path. In an interview with Wakawaka Sports, the young tactician recounted his coaching beginnings with the Peter Rufia …

Investors in the Nigerian Capita market lost N157 billion at the close of trading last week. This follows a decline in equity capitalization to N128.9 trillion from the previous N129.1 trillion recorded by the stock exchange in the previous week. Likewise, the All-Share Index (ASI) depreciated by 0.12% and closed the week at 200,913.06 points from 201,156.86 points recorded in …