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Investors in the Nigerian equity market lost N906 billion at the close of trading on Tuesday. This follows the fall in the prices of shares such as Guinness, Union Dicon and Aiico, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) fell to 241,750.15 points from 243,158.97 points on the previous trading day. After five hours of …

At least 23 Chadian Armed Forces soldiers have been killed and 26 others injured after suspected Boko Haram fighters launched a nighttime assault on a military base in the Lake Chad region. The attack, which occurred Monday evening, targeted a military position on the island of Barka Tolorom in Lake Chad. The army said troops engaged in intense fighting against …

Nigeria’s currency, the naira, slumped against the US dollar at the official window on Tuesday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,366.55/$1, compared with N1,365.24/$1 on Monday. This represents a loss of N1.31 for the local currency against the American dollar. On the black market, Nigeria’s currency, the naira, rose N5 …

Actor politician and promoter of the All Democratic Alliance (ADA), Dr Umar Ardo, has warned that the ongoing restructuring within the ranks of the Nigerian opposition, particularly the emergence of the Nigerian Democratic Congress (NDC) alongside the African Democratic Congress (ADC), is likely to strengthen the ruling All Progressives Congress (APC) ahead of the 2027 general elections. Ardo stated this …

By Abayomi Ademola Nottingham Forest took a big step towards Premier League survival with a convincing 3-1 victory over Chelsea at Stamford Bridge on Monday, denting the Blues’ hopes of qualifying for next season’s UEFA Champions League. Taiwo Awoniyi made his 100th appearance for Forest, scoring twice, while Igor Jesus added a first-half penalty to seal the visitors’ third consecutive …

Seventeen members of the House of Representatives on Tuesday formally renounced their membership in the African Democratic Congress (ADC) for the National Democratic Congress (NDC). The lawmakers made the announcement at a plenary session, citing an internal crisis within their party earlier. Their steps followed those of other ADC chiefs. Peter Obi, former governor of Anambra State, and Rabiu Kwankwaso, …

Sports Writers Association of Nigeria (SWAN) President Isaiah Benjamin has described the late Alhaji Ibrahim Galadima as a father figure and pillar of the Nigerian sports sector, whose death has created a void that will be difficult to fill. Leading a delegation on a condolence visit to the residence of the deceased, President SWAN said the late Galadima was always …

Human rights activist and former presidential candidate, Omoyele Sowore, has expressed concern over the process surrounding President Bola Ahmed Tinubu’s re-nomination, particularly the role played by third parties in obtaining and completing his nomination form. Sowore’s criticism follows developments in which Public Works Minister and former Ebonyi State Governor, David Umahi, signed a presidential nomination form reportedly worth ₦100 million. …

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Mr. Dan D. KUNLE Energy expert Dan Kunle has criticized NNPC Ltd’s memorandum of understanding with two Chinese companies to revive refineries in Warri and Port Harcourt, calling it a “pointless exercise” and “waste of national resources”. NNPC said on Monday that it signed the MoU on April 30 in Jiaxing, China, with Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) …