NGX market drops again as banking stocks lead losses, wiping N782 billion from investors in one session. Nigeria’s stock market slipped again on Tuesday, June 16, 2026, as selling pressure returned strongly. The NGX All-Share Index fell 0.50 percent to 241,984.80 points. Investors also lost about N782.44 billion in market value. Market capitalisation dropped to…
The UK sanctions Nigerian payment firm Pilot Finance over alleged Russia-linked transactions raising scrutiny and business risks. The United Kingdom has sanctioned Nigerian payment company Pilot Finance over alleged Russia-linked transactions. The firm, also known as Continental Global Incentives, was named in a new UK sanctions package announced on Tuesday. According to British authorities, the…
Nigeria eyes the use of drones and AI to secure 1,497 illegal border routes, shifting toward smarter border surveillance Nigeria is preparing a major shift in how it manages border security through advanced technology. The federal government plans to introduce a Smart Border Management System (SBMS). This is intended to replace heavy reliance on manpower…
As cholera cases continue to emerge in parts of Nigeria, health experts are urging citizens to take preventive measures to reduce the spread of the disease. What Is Cholera? Cholera is a serious bacterial infection that affects the intestines. It is caused by consuming food or water contaminated with the bacterium Vibrio cholerae. The disease…
Airtime borrowing in Nigeria has reached a record ₦4.6 trillion as millions of people borrowed airtime to stay connected in 2025. New figures from fintech company Optasia show that mobile users across Africa and other emerging markets borrowed $3.18 billion worth of airtime on credit last year. Using the company’s exchange rate, this amounts to…
Peter Obi, presidential candidate of the Nigerian Democratic Party (NDC), has called on European leaders to rethink Africa’s place in global development, arguing that the continent’s future is closely tied to Europe’s prosperity and stability. Speaking during an engagement with European stakeholders, Obi said Africa remains the world’s last frontier for global development but continues…
Nigeria secured an impressive seven-medal haul, including three gold medals, at the 2026 African Taekwondo Championships in Mali. Nigeria strengthened its performance at the 2026 African Taekwondo Championships in Bamako, Mali, by winning three gold medals, one silver and three bronze medals at the World Taekwondo-sanctioned G-4 tournament. Aderibigbe Faridah claimed gold in the Freestyle…
Team Nigeria has taken an early lead at the 2026 African Cycling Championships after winning 16 medals in Abuja. Nigeria is dominating the ongoing 2026 Confederation of African Cycling (CAC) Para-Track and Track African Championships at the Moshood Abiola National Stadium in Abuja. After two days of competition, Team Nigeria leads the medal table with…
Health officials in Cross River have confirmed a new COVID-19 case years after the peak of the global pandemic. Nigeria has recorded a fresh case of COVID-19, with authorities in Cross River State beginning urgent contact tracing after a Chinese national tested positive for the virus. The Cross River State Ministry of Health said the…
A police operation has exposed a suspected criminal base operating under a religious cover. The Akwa Ibom State Police Command has carried out a targeted operation in Ikono Local Government Area, uncovering a location allegedly used as a criminal hideout disguised as a church. The Akwa Ibom police raid led to the arrest of seven…
