Business

By Victor Osula, Abuja In its plan to become a major political bloc with a strong minority presence in the country, the National Democratic Congress (NDC) has stepped up efforts to build a formidable opposition platform ahead of the 2027 general elections, expanding its reach to minority political blocs and influential players in Nigeria’s political landscape. As part of its …

Justice Rahman Oshodi of the Special Offenses Court sitting in Ikeja, Lagos, on Monday, May 4, 2026, ruled that the extrajudicial statement made by Henry Omoile, co-accused of former Central Bank of Nigeria (CBN) governor Godwin Emefiele, is admissible in court. Omoile had challenged the admissibility of his statements to the Economic and Financial Crimes Commission (EFCC), claiming they were …

Investors in the Nigerian equity market earned N56 billion at the close of trading Monday. This follows a surge in the prices of shares such as NASCON, FTN Cocoa and CONHALL, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 243,161.52 points from 242,277.81 points on the previous trading day. After five hours of …

… The legal battle threatens the party’s legitimacy … Internal fractures are deepening between states … The leadership tussle extends to Kano in the south-west Daud Olatunji Barely 24 hours after their high-profile defection to the Democratic Congress of Nigeria, former presidential candidate Peter Obi and former Kano Rabiu state governor Musa Kwankwaso have been engulfed in a wave of …

By Victor Osula, Abuja The Debt Management Office (DMO) has unveiled its May 2026 Federal Government Savings Bond (FGN) offering, offering Nigerians investment options that offer returns of up to 14.525% per annum. Announced on Monday on behalf of the federal government, the offering is part of ongoing efforts to strengthen the domestic debt market and encourage a savings culture …

The United Arab Emirates (UAE) on Monday condemned an Iranian drone attack on commercial vessels linked to the Abu Dhabi National Oil Company (ADNOC) as they transited the Strait of Hormuz. The UAE Ministry of Foreign Affairs, in a statement, described the incident as a “blatant violation” of United Nations Security Council resolutions that stressed freedom of navigation and prohibited …

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has reportedly endorsed former Rivers State Commissioner for Works, Alabo Dakorinama George Kelly, as his preferred candidate for the 2027 governorship election in Rivers State under the platform of the All Progressives Congress (APC). Sources close to the matter said the decision followed a closed-door meeting held in Port Harcourt …

By Ayo Kehinde The Makinde-backed faction of the Peoples Democratic Party (PDP) has appointed Kabiru Tanimu Turaki (SAN) as chairman of a 13-member National Working Committee (NWC), following the ratification of his nomination at the party’s 103rd National Executive Committee (NEC) meeting in Abuja. The decision was made on Monday during the NEC session alongside Oyo State Governor, Seyi Makinde, …

The Federal High Court in Abuja has ordered Chidiebere Mark remanded in custody by the Department of State Services (DSS) following allegations that he made false claims about the Nigerian Army. Justice Joyce Abdulmalik issued the remand order after Mark, who lives in Lot 88, Sabo Lugbe, Abuja, was sued for posting a viral video on his handle X (Justice …

There was outrage on Monday following allegations that soldiers of the Nigerian Army, 63rd Brigade, Asaba, assaulted a student of Delta State Polytechnic, Ogwashi-Uku, for refusing to join a cult group. The victim, identified simply as Francis, was said to have been brutalized on May 1 in Ogwashi-Uku, Delta State, after resisting attempts by alleged cultists to forcibly induct him …