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Investors in the Nigerian equity market made a gain of N343 billion at the close of trading on Tuesday. This follows the increase in share prices of stocks such as SFS REIT, RT BRISCOE, and CAVERTON among others on the trading floor. After five hours of trading in the capital market, equity capitalization increased to N55.6 trillion from N55.2 trillion …

Social critic and co-founder of the #BringBackOurGirls movement, Aisha Yesufu, has responded to allegations by the embattled national chairman of the Labour Party (LP), Julius Abure, that she and Pastor Itua Ighodalo, brother of Edo State PDP governorship candidate, Asue Ighodalo, were responsible for managing the party’s campaign funds in the 2023 general elections. Abure who made the allegations at …

Nigeria is grappling with a complex and multifaceted insecurity crisis, marked by increasing cases of kidnapping, banditry, terrorism and communal clashes. The country’s northwest is particularly affected, with Zamfara, Kaduna and Niger states being hotspots for violence. The Boko Haram insurgency in the northeast also continues, while separatist movements in the southeast and southwest add to the security challenges. The …

The Department of State Services (DSS) has reportedly granted administrative bail to Nigeria Labour Congress (NLC) President Joe Ajaero, following widespread condemnation of his arrest and detention. Ajaero was released on Monday evening, as announced by pro-democracy activist and African Action Congress presidential candidate Omoyele Sowore on social media. The NLC also confirmed to media crews that its leader had …

Officers of the Department of State Services (DSS) on Monday surrounded the offices of the Socio-Economic Rights and Accountability Project (SERAP) in Abuja. The NGO revealed this in a statement uploaded to its X account. He described the action as “unlawful occupation.” He urged President Bola Tinubu to immediately intervene to protect the rights of Nigerians. SERAP revealed in the …

The Nigerian equity market started the week on a negative note on Monday, September 9, 2024 as investors lost N111 billion at the end of the trading session. This follows a decline in share prices such as JBerger, Transpower, and UPL among others on the trading floor. After five hours of trading in the capital market, equity capitalization dropped to …

Julius Abure, the national chairman of the embattled Labour Party, has announced that the party’s presidential ticket for the 2027 elections will no longer be reserved exclusively for former candidate Peter Obi. Addressing a press conference after the party’s National Executive Committee (NEC) meeting in Abuja on Monday, Abure stated that the 2027 presidential ticket is now open to all …

The Nigerian Army has responded to recent claims of mass resignations among its personnel, stating that soldiers and other staff are free to resign in accordance with the procedures set out in the Harmonized Terms and Conditions of Service. The Army has denied allegations that the resignations were due to systemic corruption, inadequate welfare or low morale. In a statement …

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “position of leadership and authority to direct the Nigerian National Petroleum Corporation (NNPCL) to immediately reverse the apparent illegal and unconstitutional increase in the price of premium fuel oil (PMS), also known as petrol, across its retail outlets.” SERAP urged him to “order the Attorney …

Former Vice President and presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar has criticized the federal government over the planned increase in Value Added Tax (VAT), from 7.5% to 10% despite the hardships Nigerians have endured in the past one year. Atiku’s criticism comes after the Presidential Fiscal Policy and Tax Reform Committee (PFPTRC) chaired by Taiwo …