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Investors in the Nigerian equity market earned N3.2 trillion at the close of trading on Thursday. This follows a surge in the prices of shares such as FTN Kakao, Bua Semen, and Cap on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 242,277.81 points from 237,205.59 points the previous day. After five hours of trading on …

The Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, has supported a lawsuit that seeks to force the Independent National Electoral Commission (INEC) to deregister the African Democratic Congress (ADC) and four other political parties. In suits filed before the Federal High Court, Abuja, the AGF argued that the continued existence of the said political …

Russia will continue its presence in Mali based on requests from the country’s current authorities, Kremlin spokesman Dmitry Peskov confirmed on Thursday, April 30, 2026. Peskov said that Russia remains committed to fighting extremism, terrorism and other negative phenomena in Mali, stressing that the presence is in line with the needs expressed by the Malian government. “Russia’s presence in Mali …

President Bola Tinubu has appointed Mr Rilwan Babalola as Special Adviser on Electricity. Babalola will also lead the newly created Presidential Task Force for Reset and Restoration of the Power Sector. This was stated by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, in a statement on Thursday in Abuja. The President also redesigned the Office of Special …

Abuja-based business magnate and owner, Abdurazaq Abubakar Toyin University (AATU), Alhaji AbdulRazaq Toyin, has on Thursday alleged that former Vice Chancellor of the University of Abuja, Professor AbdulRasheed Nalah, influenced his decision to establish a private university located in Oke-Ogba Gannon, Kwara State. Alhaji Toyin, a qualified second grade teacher and son of a farmer, said his initial plan was …

Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,374.94/$1, compared with N1,379.46/$1, on Wednesday. This represents a gain of N4.52 in local currency against the dollar. On the black market, the naira closed flat against the dollar, trading at N1,398/$1. The local currency strengthened by N5 against the British Pound, trading at N1,875/£1, …

Nigeria’s Supreme Court on Thursday ordered a new hearing into the leadership crisis rocking the African Democratic Congress, ordering a faction led by former Senate President David Mark to return to the Federal High Court. In a unanimous ruling, a five-member bench of the supreme court, led by Mohammed Garba, overturned an earlier Court of Appeal directive that had ordered …

The Labor Party has declared its presidential candidacy open to all eligible members ahead of the 2027 general election. The party also expressed its confidence in the newly formed National Working Committee (NWC) led by former Minister of Finance, Esther Nenadi Usman. Abia State Governor, Alex Otti, stated this on Thursday in Abuja after observing the inaugural meeting of the …

A combined photo of Mark and Aregbesola The Supreme Court on Thursday set aside orders passed by the Court of Appeal in the African Democratic Congress, ADC, leadership dispute, ruling that the appellate court acted improperly by issuing directions after dismissing the appeal before it. The supreme court’s decision was quickly interpreted Thursday night as reinstating the leadership of ADC …

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