Business

… He cites possible political and economic reasons Pan-Yoruba socio-political organization Afenifere has called for a thorough investigation into allegations that recent kidnappings in Oyo State may be politically motivated, warning that insecurity in the South West has taken on a more complex and dangerous dimension.. The group, which has raised fresh concerns over escalating attacks across the region, said …

By Ayo Kehinde Four years after one of Nigeria’s deadliest attacks on a place of worship, the Federal High Court, sitting in Abuja, on Wednesday, sentenced four persons to death by hanging for their involvement in the terrorist attack on worshipers of St. Francis Catholic Church, Owaluwa, Owo, Ondo State. The court, presided over by Justice Emeka Nwite, found that …

Investors in the Nigerian equity market lost another N2.28 trillion at the close of trading on Wednesday as bearish sentiment continued. This follows a plunge in the prices of shares such as Wapco, Zichis, and Learn Africa, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) fell to 243,132.61 points from 246,686.66 points on the previous trading …

The Federal High Court in Abuja on Wednesday sentenced four of the five defendants prosecuted for their involvement in the 2022 terror attack on St. Francis Catholic Church, Owo, Ondo State, to death by hanging. Justice Emeka Nwite, in a ruling, found that the Department of State Services (DSS) had been able to prove the case against the accused. Judge …

Nigeria’s production and manufacturing sector attracted only 1.47% of the total capital imported into the country in the first quarter of 2026, according to the National Bureau of Statistics (NBS). According to the bureau in its latest Capital Import Report released on Wednesday, the two sectors attracted $152.27 million of the $10.37 billion in capital imported into the country in …

The Federal High Court in Abuja on Wednesday sentenced four men to death by hanging for their roles in the deadly attack on St. Francis Catholic Church in Owo, Ondo State, which left over 40 people dead and more than 100 worshipers injured. The trial judge, Emeka Nwite, delivered the verdict after finding the quartet guilty of nine counts of …

By Ayo Kehinde Panic gripped citizens of Ibadan, the Oyo State capital, on Wednesday after gunmen abducted the younger sister of the immediate past Minister of Power, Adebayo Adelabu, along with her twin sons. The victims were identified as Mrs. Olaide Busayo Adegoke John-Paul and her 12-year-old twin sons, Peter and Paul. The accident occurred in the early hours of …

A trader, Alhaji Mustapha Musa, was allegedly stabbed to death by suspected thieves who attacked his residence behind the Niger Motel in Suleja, Niger State. A police report made available on Monday indicated that the incident was reported to Suleja A Division. According to the report, the attackers broke into the victim’s house at around 3am on Sunday, stabbed him …

A Federal High Court sitting in Ikoyi, Lagos, has ordered Access Bank Plc to pay a total of $16 million in damages to some customers for illegally imposing post-no-debit restrictions on their accounts without sufficient legal justification. The ruling, delivered on June 1, 2026 by Justice Chukwujekwu Joseph Aneke in case number FHC/L/CS/878/2023, criticized the bank’s action, describing it as …

By Joseph Amedu, Lokoja Ayegunle Bunu community in Kabba/Bunu Local Government Area of ​​Kogi State was reportedly thrown into panic in the early hours of Monday, June 1, 2026, following a bandit attack that left one person dead and over 30 people kidnapped. According to initial information, the attack occurred around 2.25am. One person was killed during the accident, while …