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The equity market recovered from yesterday’s slump as investors gained N220 billion by the end of trading on Thursday. This follows the soaring prices of shares such as Eterna, NPF Microfinance Bank, and Premier Paints on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 196,807.15 points from 196,463.22 points on the previous trading day. After five …

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The Lagos State Football Association (LSFA) has presented five footballs to Igbobi College, Lagos, as part of the CAF School Football Development Initiative, which aims to promote health, wellbeing and active participation in football among students. To officially celebrate the presentation, the Vice President of the Lagos State Football Association, Dotun Coker, who is also an alumnus of the institution, …

@BrodaShaggi #Calabashmoney

Nigeria’s currency, the naira, continued to decline against the American dollar on both the official exchange and parallel markets on Thursday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,387.44/$1, compared with N1,387.09/$1 on Wednesday. This represents a loss of N0.35 for the local currency against the dollar. On the black market, the …

By Ayo Kehinde In January 2026, Nigerian states recorded a significant increase in their share of value-added tax (VAT) revenue, receiving a total of approximately ₦551 billion. This sharp increase followed the implementation of new tax laws that changed the VAT distribution formula between levels of government. The development marked the first full month that the revised revenue sharing agreement …