Business

One of Nigeria’s famous midfielders, Henry Nwosu, has died at the age of 62. A teammate of the victorious 1980 AFCON team and football idol, Segun Odegbami announced his death in the early hours of Saturday. According to Odegbami, Nwosu died after spending five days in hospital fighting for his life. He said: “what I call ‘the youngest millionaire’ died …

Investors earned N924 billion in the just ended trading week as the equity market continued to consolidate on last week’s bullish run. The market strengthened in three out of five trading sessions as equity capitalization increased to N127.3 trillion from N126.4 trillion recorded last week. The All-Share Index (ASI) appreciated 0.73% to close the week at 198,407.30 points from 196,968.15 …

Complex birth: Nigeria reaffirms commitment to maternal and newborn care Abuja (Core Reporters) The Federal Ministry of Health and Social Welfare has reaffirmed its commitment to strengthening maternal and neonatal health services across Nigeria following a successfully managed complex birth at the Federal Medical Center (FMC), Abeokuta, Ogun State. The birth involved a set of quadruplets born to Mrs Mufiat …

The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1,894tn as revenue to the Federal, state and local governments in the country for the month of February 2026. The February figures were contained in a communiqué issued at the end of the March 2026 FAAC meeting held in Abuja on Friday. A communiqué signed by FAAC Director of …

There is a need for secondary school students to leverage technology to achieve success in the West African Secondary School Certificate Examination, WASSCE, advised Gbenga Ogunleye, a seasoned management, marketing and education sector professional. Ogunleye, Managing Director/Chief Executive Officer of Toga Royal Nigeria Limited, made the appeal on Wednesday at a seminar organized by LABASCO Old Students Association for students …

The Ogun State chapter of the Muslim Rights Concern (MURIC) has raised the alarm over growing divisions among Muslims in the state, urging caution and unity as the 2027 general elections approach. In a statement on Friday, the group warned that some Muslim leaders and community members are being swayed by politicians’ “pregnant promises,” commitments whose realization is uncertain and …

The Federation Allocation Accounts Committee (FAAC) has shared a total sum of N1.894 trillion to the Federal Government, States and Local Government Councils as February 2026 Federation Account Revenue. A statement signed by the spokesperson of the Office of the Accountant General of the Federation, Bawa Mokwa, informed that the distribution made from a gross income of N2.230 trillion generated …

63% poverty is your scorecard’ – ADC fires at Tinubu government The African Democratic Congress (ADC) has described recent reports that Nigeria’s poverty rate rose to 63% after the removal of petrol subsidies as President Bola Tinubu’s real scorecard and consequence of his ill-defined neoliberal economic policies. In a statement signed by its national publicity secretary, Mallam Bolaji Abdullahi, the …

The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has flayed the past administrations of the Central Bank of Nigeria (CBN) for straying from its core mandates and dabbling into fiscal policies under the guise of developing financial activities. This is even as the apex bank’s czar disclosed that under the past administrations, there was also a lack …

Investors in the Nigerian equity market earned N962 billion at the close of trading on Friday. This follows a surge in the prices of shares such as UPL, Guinness and Royalex on the stock exchange floor. The benchmark All-Share Index (ASI) increased to 198,407.3 points from 196,908.76 points recorded the previous day. After five hours of trading on the capital …