Business

By Victor Osula, Abuja The African Democratic Congress (ADC) has renewed its faith in David Mark’s leadership, formally ratifying the National Working Committee (NWC) under his leadership and strengthening his mandate to lead the party’s reconstruction process ahead of the 2027 general elections. The decision was made at the party’s eighth national convention held in Abuja on Tuesday, where delegates …

A leader of the All Progressives Congress (APC) in Abia State, Apostle Chuks Alozie, says any move for a consensus candidate for governorship will weaken internal democracy and send a wrong signal of unnecessary participation to APC grassroots supporters in Abia State. Apostle Chuks Alozie said this while interacting with journalists in Abuja, on the alleged move for a consensus …

… He argues that the subsidy era had distorted fiscal stability and drained resources …pushes for temporary, targeted interventions rather than blanket subsidies Daud Olatunji Finance Minister and Coordinating Minister for Economy, Wale Edun, has ruled out any possibility of returning to fuel or foreign exchange subsidies, warning that such a policy reversal would derail Nigeria’s fragile macroeconomic gains despite …

Victor Umeh’s warning that some judges are being used to undermine democracy is not an isolated warning: it is part of a broader and deeply worrying pattern. When comparing recent actions against opposition activities, a clearer picture emerges: a systematic effort to narrow Nigeria’s multiparty democratic space through a combination of judicial oversight, executive pressure and regulatory complicity. At the …

António Guterres has called for serious negotiations between the United States and Iran, warning that respect for international law is being trampled upon. He spoke to reporters at the United Nations headquarters in New York City on Tuesday. Guterres said humanitarian and legal obligations were being ignored in the Middle East and elsewhere, fueling “chaos, suffering and destruction”. He said …

The internal crisis rocking the Nigerian Labor Party intensified on Tuesday as state presidents loyal to the party’s national president, Julius Abure, warned the Independent National Electoral Commission against recognizing or monitoring any new congresses by rival factions. The presidents, under the aegis of the Forum of duly elected state presidents, described moves to conduct new congresses as “illegal” and …

It is obvious that without law and order, human existence would descend into what Thomas Hobbes famously described as a state of nature, where life is “nasty, brutish, and short.” Officers of the Nigerian Police Force are among the main reasons why citizens can sleep with some degree of safety and reassurance. They are men and women who stand alert …

The International Monetary Fund (IMF) expects global economic growth to be slightly weaker than previously estimated and warned that rising geopolitical tensions and energy disruptions are weighing on activity. “Once again, the global economy is threatened with going off track – this time due to the outbreak of war in the Middle East at the end of February 2026,” the …

President Bola Ahmed Tinubu has reaffirmed his administration’s determination to build a transparent, efficient and technology-driven tax system aimed at boosting Nigeria’s economic growth. The President made this known during the inauguration of the new headquarters of the Nigeria Revenue Service (NRS) in Abuja, describing the project as a milestone in the ongoing economic reforms. The newly opened facility, a …

Investors in the Nigerian equity market earned N884 billion at the close of trading on Tuesday. This follows a surge in the prices of shares such as Stanbic, ETI and NGX Group, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 205,913.93 points from 204,458.86 points on the previous trading day. After five hours …