The Senate Committee on public accounts, chaired by Aliyu Wadada, has increased serious concerns over the differences involving large-senior N210 trillion in the audited financial statements from the Nigeria National Petroleum Company Limited (NNPC Ltd), describing the revelation as Mindroleum and Worrisome. During the investigation session on Wednesday, where the NNPC LTD Chief Financial Officer (CFO), Dapo Segun, appeared before …
Read More »#featured
NGX: The equity market recovered from two days of successive defeat because investors get N1.18Tr
The Nigerian equity market on Wednesday recovered from a two -day -day -old defeat because investors received N1.18 trillion at the close of trading that day. This follows the surge in stock prices such as NEM Insurance Company, Beta Glass PLC and Seplat Petroleum Development Company, among others, on the trading floor. The Benchmark All-Share Index (ASI) increased to 116,786.87 …
Read More »FG, State, LGAS shared N1.66TR as an income allocation for May
Three levels of government on Wednesday shared the number of N1.66 trillion as an income allocation for May. Director of Press and Public Relations, General Federation Accounting Firm, Mr. Bring Mokwa, revealed this in the communication issued at the end of the meeting of the Federation Account Allocation Committee (FAAC) in Abuja. According to Communike, N1,659 trillion total income that …
Read More »EFCC captured the ex-plateau speaker, 14 others because of the alleged N2.5BN fraud
The Economic and Financial Crime Commission (EFCC) has arrested a former Chairperson of the State Council of the Assembly, Moses Sule, and 14 former MPs due to alleged N2.5 billion fraud and position abuse. The Head of EFCC Media and Publicity, Dele Oyewale, revealed this in a statement on Wednesday in Abuja. He said the suspects were arrested by EFCC …
Read More »Obasanjo recommends incentives for health workers to examine brain disposal
Former President Olusegun Obasanjo on Tuesday urged the government at all levels in Nigeria to overcome the worsening exodus of health professionals by providing better working conditions, adequate remuneration, and a conducive environment for medical practice. Obasanjo, who spoke at the Commissioning of Yariman Bakura Specialist Hospital which had been renovated in Gusau, the state of Zamfara, condemned the mass …
Read More »The top 10 stories from all Nigerian newspapers, Wednesday, June 18
The following is the top story in all state newspapers. 1. Governor Benue opposes self -defense in the midst of massacre, calls for strengthened community policing The Governor of the State of Benue, Hyacinth Alia, has rejected a call that grew from the population to lift arms to defend themselves after a wave of deadly attacks that had made more …
Read More »NGX: The equity market bearish trend continues because investors lose N183bn
Investors in the Nigerian capital market lost N183 billion at the close of trading on Tuesday. This follows a decrease in stock prices such as Transcorp Power PLC, Oando PLC and Ellah Lakes PLC, among others, on the trading floor. The Benchmark All-Share Index (ASI) crashed 114,910.16 points from 115,258.77 points recorded the previous day. After five hours of trading …
Read More »The top 10 stories from all Nigerian newspapers, Tuesday, June 17
The following is the top story in all state newspapers. 1. Nigerian inflation rate makes it easy to 22.97% The National Statistics Bureau (NBS) has announced a decrease in Nigerian headline inflation rate from 23.71 percent in April 2025 to 22.97 percent in May 2025. Read more 2. FCCPC summoned air peace over the failure to return passengers, the airline …
Read More »After a few promises, the Nigerian Air Force hopes for the US combat helicopter to end the insecurity
The Chief of Air Staff, Marshal Air Hassan Abubakar, has called for the delivery of the accelerated Viper AH-1Z attack helicopter from the United States, emphasizing their urgent role in strengthening Nigeria’s counter-terrorism and internal security operations. This appeal was made during the high -level program management review meeting held in San Diego, California, from 9 to 13 June 2025. …
Read More »Internet legend, Berger, Ellah Lakes, the others appeared at the top to watch this week
The Nigerian equity market experienced bullish momentum, gaining N513 billion profit in three days due to Eid holidays and democracy. Market capitalization increased to N72,788 trillion from N72,275 trillion recorded in the previous week while the All-Share Index (ASI) appreciated 0.71% to close the week with 115,429.54 points from 114,616.75 points recorded the previous week. Running bullish is driven by …
Read More »