Chaotic scenes unfolded yesterday in Bukavu in eastern Democratic Republic of Congo as the M23 rebel group continued its offensive in the region. There were reports of sporadic gunfire and widespread looting in the city, including at a World Food Programme depot, with residents sheltering in their homes. It followed conflicting reports about whether the […]

The Community Court of Justice of the Economic Community of West African States (ECOWAS) has declared the case of alleged human rights violations brought by two Non-Governmental Organisations (NGOs) inadmissible, citing their lack of capacity to initiate a public interest lawsuit. In a judgment delivered by Hon Justice Sengu Mohamed Koroma, on Friday, February 14, […]

The total portfolio investments from both domestic and foreign investors on the Nigerian Exchange Limited (NGX) hit N5.587 trillion for the year 2024. This was revealed in the latest Domestic and Foreign Portfolio Investment report for December 2024. Monthly, NGX polls trading figures from market operators on their Domestic and The Exchange experienced a significant […]

Oil traders are looking towards Africa and the Middle East to buy crude oil after tightened US sanctions on Moscow disrupts roaring trade in discounted Russian oil to China and India. The new turn of events is reviving demand for Middle Eastern and African crudes, roiling shipping markets and driving up oil prices. A seller […]

Nigeria Customs Service (NCS) has seized 21,582 tonnes of pangolin scales from traffickers since July 2021. Wildlife Africa, made this known on Saturday in an event to commemorate the World Pangolin Day celebration, the group applauded the service and its partners, saying the service has conducted 16 operations, 35 arrests and 12 convictions. The firm, […]

Nigerian Consumer Credit Corporation (CREDICORP) and the National Automotive Design and Development Council (NADDC) have kicked off the N20 billion automobile credit fund, through providing consumer credit for Nigerians to purchase locally manufactured automobiles. In a landmark event in Lagos at the weekend, the first wave of beneficiaries drove off the manufacturing facilities of Simba […]

The bullish momentum in the Nigerian equities market persisted for the second trading week in February with a gain of N1.83 trillion amid investors’ optimism. The market experienced three days of gains and two days of losses. This fluctuating pattern highlights underlying volatility, yet the overall performance underscores a robust weekly gain. The All-Share Index […]

Nigerian National Petroleum Company (NNPC) Ltd has refuted what it described as false and misleading claims in a viral video that its fuel does not last. Chief corporate communications officer of the company, Olufemi Soneye, said the allegation is “baseless and entirely unfounded, originating from unverified and amateur research that lacks credibility, accuracy, and professional […]

As glowing tributes continue to pour in for the late Afenifere leader, Pa Ayo Adebanjo, from prominent Nigerians and organisations across the globe, his family has given reasons the wife won’t be told about his demise. Adebanjo, who was 96 years old, died on Friday at his residence in Lagos, 55 days before his 97th […]

Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, on Saturday said he’s prepared to remain in detention all his life until a proper and impartial judge handles his matter. Kanu alleged a serial executive and judicial fraud being perpetrated against him since 2021 when he was extraordinarily renditioned. The IPOB leader claimed that […]