Xenophobic Attacks: Over 1,000 Nigerians Set to Leave South Africa
From Victor Osula, Abuja No fewer than 1,000 Nigerians are expected to leave South Africa under a Federal Government-backed voluntary …
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Insecurity: Ondo Amotekun Orders Round-The-Clock Patrol Of Schools, Hospitals
By Ayo Kehinde The Ondo State Security Network Agency, also known as Amotekun Corps, has intensified security surveillance across the …
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Thailand Donates $22,000 Rice Aid to Nigerian
By Ayo Kehinde Thailand has donated 12 metric tonnes of rice valued at $22,000 to support vulnerable communities in Nigeria, …
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NAWOJ, NUJ Fine-Tune Preparations For Women in Security Summit
By Barth Ikiebe The Nigeria Association of Women Journalists (NAWOJ) in collaboration with the Nigeria Union of Journalists (NUJ), African …
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Presidency: State Police Constitutional Framework Near Completion
Significant progress has been made towards establishing state police, with a constitutional amendment expected soon, following months of consultations among …
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Reps member calls for decisive rescue action for 42 abducted Borno pupils
By Salihu Pirkusu, Maiduguri A House of Representatives member representing Askira Uba/Hawul Federal Constituency of Borno State, Hon Usman Midala …
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Manufacturing Capital Inflows Drop 51 Percent To $152.3m In Q1 2026
By Ayo Kehinde Nigeria’s manufacturing sector recorded a sharp decline in foreign capital inflows in Q1 2026, even as total capital importation into Nigeria surged to its strongest level in recent periods. Data released by the National Bureau of Statistics shows that the production and manufacturing sector attracted $152.27 million, accounting for 1.47 percent of the $10.37 billion total capital imported during the quarter. This represents a 50.7 percent decline from $308.93 million recorded in Q4 2025, highlighting weaker quarterly investor appetite for industrial production. However, inflows were 17.2 percent higher year-on-year compared to $129.92 million in Q1 2025, indicating modest annual improvement. Total capital importation rose by 83.8 percent year-on-year from $5.64 billion in Q1 2025, driven largely by …
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Foreign Capital Inflows Surge 84 percent to $10.37bn as Investors Flock to Nigerian Assets
By Ayo Kehinde Nigeria recorded a sharp rise in foreign capital inflows in the first quarter of 2026, attracting $10.37 billion, an 83.8 percent increase from the $5.64 billion recorded in the same period of 2025, according to data released by the National Bureau of Statistics (NBS). The latest figures also show a 61 percent quarter-on-quarter increase from the $6.44 billion posted in Q4 2025, reflecting growing investor confidence in Nigerian financial assets, particularly money market instruments and bonds. Portfolio investment remained the dominant source of inflows, accounting for $9.86 billion, or 95.1 percent of total capital imported during the quarter. This represents an 89.5 percent increase year-on-year and a 79.8 percent rise from the previous quarter. Money market instruments …
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Transport Costs Rise Across Nigeria as Intercity Bus/Air Fare Hits All Time High in Abia, Kwara,Kano, Kaduna, Zamfara, Others in April
By Ayo Kehinde Transportation costs remained elevated across Nigeria in April 2026, with the average fare paid by commuters for intercity bus travel rising to ₦9,607.41, reflecting the continued impact of inflationary pressures, high fuel costs, and rising operating expenses. This was disclosed in the latest Transport Fare Watch report released by the National Bureau of Statistics (NBS), which showed that fares increased across major modes of transportation, including intercity and intra-city buses, motorcycles, water transport, and air travel. According to the report, the average intercity bus fare increased by 21.6 percent year-on-year, underscoring the mounting cost burden facing households and businesses amid persistent economic pressures. State-by-state data revealed significant disparities in transport costs. Abia recorded the highest average intercity …
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Cardoso Reshuffles CBN Leadership
By Ayo Kehinde Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassigned the responsibilities of the institution’s four deputy governors in a strategic leadership reshuffle aimed at aligning the bank’s expertise with its evolving priorities. Under the new structure announced on Monday, Philip Ikeazor has been appointed to oversee the Economic Policy Directorate, taking over the critical monetary policy portfolio from Muhammad Abdullahi. Abdullahi, who previously supervised economic policy and played a key role in the bank’s monetary policy framework, has been redeployed to head the Corporate Services Directorate. The reorganisation also saw Emem Nnana Usoro move from Corporate Services to oversee the Operations Directorate, while Lamido Yuguda was transferred from Operations to the Financial System Stability …
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Market Extends Decline as Investors Lose ₦478bn
By Ayo Kehinde The Nigerian equities market closed lower on Tuesday, extending its bearish run as sustained sell pressure across key counters dragged market performance indicators into negative territory. Market capitalisation declined by ₦478 billion to close at ₦158.219 trillion from ₦158.697 trillion recorded at the opening of trading. Similarly, the NGX All-Share Index (ASI) shed 874.00 points to settle at 246,686.66, compared with 247,560.66 recorded in the previous session. Market breadth remained weak, with 38 decliners outweighing 14 gainers, reflecting cautious investor sentiment and continued profit-taking activities across several sectors. On the gainers’ chart: • INTENEGINS appreciated by 9.86 percent, (rising from ₦4.97 to ₦5.46). • TRANSEXPR gained 7.14 percent, (advancing from ₦4.76 to ₦5.10). • NEIMETH rose by …
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Supreme Court Gives FG Go-Ahead to Extradite Ex-NSPM Boss Okoyomon to UK Over Currency Printing Bribery Scandal
By Victor Osula Abuja The Supreme Court on Friday gave the Federal Government of Nigeria the green light to extradite …
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Police Foil Kidnap Attempt After Gun Battle With Kidnappers In Abuja
From Victor Osula, Abuja The Federal Capital Territory (FCT) Police Command has foiled a kidnap attempt in Abuja following a …
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Cholera: Borno records 274 new cases in 24hrs as toll hit 4,204
By Salihu Pirkusu, Maiduguri Borno Cholera case has jumped from 3000 Cases to 4204 Cases as 274 fresh cases was …
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Terrorists Invade Kogi Residence, Abduct Woman, Infant, Three Others
Terrorists invaded a residence in Egbe, Yagba West Local Government Area of Kogi State and abducted a woman, her infant …
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‘Wale Davies Wants to Die Empty’
For the longest time, I had a beat-up Parado,” Wale Davies tells Joey Akan, settling into the couch across from …
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FBI Shoots Dead Hostage-Taking Suspect After Overnight Standoff At California Bank
By Ayo Kehinde The Federal Bureau of Investigation (FBI) has fatally shot a man who had held multiple people hostage …
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Police Arrest Official, Quiz Wike’s Aide Over Illegal Access to INEC Database
From Victor, Abuja The Nigeria Police Force (NPF) has intensified a crackdown on the alleged illegal access and unauthorised disclosure …
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Court Sentences Four To Death Over 2022 St Francis Church Massacre in Owo
By Ayo Kehinde Four years after one of Nigeria’s deadliest attacks on a place of worship, the Federal High Court …
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Police Recover Decomposed Body of Abducted Woman, Arrest Suspect in Edo
The Edo Police Command has arrested a suspected kidnapper and recovered a decomposed body of one of three women abducted …
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Panic In Ibadan As Gunmen Kidnap Ex-Power Minister Adelabu’s Sister, Twin Sons
By Ayo Kehinde Panic gripped citizens of Ibadan, the Oyo State capital, on Wednesday, after gunmen abducted the younger sister …
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