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Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

Airtel Africa, First HoldCo Gains Raise Nigerian Stock Market Cap By N635bn

June 9, 2026

The Nigerian Exchange (NGX) said the market capitalisation of the stock market closed at N156.94 trillion on Tuesday, up from the N156.30 trillion reported on Monday. According to the NGX data, the market capitalisation increased by N635.31 billion. The surge followed a

Food, Health, Education, Others Excluded From Proposed VAT Increase – Oyedele

Finance & Economy·News·Top Stories

Nigeria Cites IMF Report as Evidence of Reform Gains, Pledges Continued Economic Adjustments

June 9, 2026

The Federal Government says it has taken note of a new assessment by the International Monetary Fund following its 2026 Article IV Consultation on Nigeria, describing the report as external validation of ongoing economic reforms and their impact on macroeconomic stability, Prime

News·Top Stories

INEC Moves to Resolve Legal Disputes Over 2027 Election Timetable, Warns Against Regulatory Uncertainty

June 9, 2026

The Chairman of the Independent National Electoral Commission (INEC), Independent National Electoral Commission, Prof. Joash Amupitan, SAN, has said the Commission’s decision to appeal two recent Federal High Court judgments relating to its 2027 General Election timetable was necessary to safeguard legal

VFD Group Takes Out N6.82bn From Investment In Abbey Mortgage Bank

Business News·Top Stories

Abbey Mortgage Bank Earns N6.71bn From Interest Income, Profit Rises Threefold

June 9, 2026

In the first three months of 2026, Abbey Mortgage Bank recorded N6.71 billion in interest income, exceeding the N3.68 billion generated in the first quarter of 2025, reflecting an 82.28 percent increase. However, Prime Business Africa’s (PBA) analysis showed that interest expense

Africa·News·Top Stories

Attionu’s Extradition Opens Door for Ghana-US Talks on Ofori-Atta, Other Cases

June 9, 2026

The Government of Ghana is set to engage the United States in high-level discussions aimed at addressing pending extradition requests between the two countries, government spokesperson Felix Kwakye Ofosu has disclosed,Prime Business Africa reports. According to Kwakye Ofosu, Ghana’s Attorney-General and Minister

Events & Opportunities·Finance & Economy·News·Top Stories

Otti Lauds Sanwo-Olu at Invest Lagos 3.0, Outlines Abia’s Economic Drive

June 9, 2026

Abia State Governor, Dr. Alex Otti, has commended Lagos State Governor, Babajide Sanwo-Olu, for providing a platform for subnational governments to showcase their investment potential, describing the initiative as a model of inter-state cooperation and economic inclusiveness, Prime Business Africa reports. Otti

News·Security·Top Stories

Edo Police Bust Fake Kidnap Plot, Arrest Woman, Three Others Over ₦50m Ransom Scam

June 9, 2026

The Edo State Police Command has uncovered a staged kidnapping scheme allegedly orchestrated by a woman and three accomplices to defraud her family of ₦50 million, in a case that also involved the circulation of fake captivity videos and the use of

Abia Killings: Go After Criminals Not Innocent Civilians, Nigerians Tell Military Nigerians have called on the military authorities to go after real criminals responsible for killing of five soldiers in Abia State on Thursday last week not harassing and arresting innocent civilians. The Nigerian Army had after the ugly incident that occured at Obikabia Junction in Aba the commercial hub of the state released a statement vowing to retaliate over killing saying “accordingly, it is absolutely imperative that the military retaliate against this dastardly act against troops. The military would be firece in it's response. We would bring overwhelming military pressure on the group to ensure their total defeat.” Subsequently, videos trending online showed military officers deployed to Abia raiding the area in apparent search for criminals who killed their colleagues. Some clips showed soldiers gather some people in the area.and interrogate them. There were also reports that soldiers have been harassing many residents of the area since Friday. Some Nigerians criticised the act saying that military officers are not suppose to be in city centres because the country is not at war. “Soldiers are supposed to on the front line. Why the city? Are we at war?” Another X user, Alani 10Lions one Elephant cried out. According to a Premium Times report, spokesperson of the 14 Brigade of the Nigeria army in Ohafia, Abia State, Innocent Omale, confirmed the arrest of some residents but said they were later released. Aba residents complain over the actions of the military in retaliation to the death of their men. Mr Christian Ekocha, who is a resident of the area claimed that there have been choppers and helicopters flying around the area numerous times a day. “There was even a rumour that soliders opened fire on civilians in Ngwa road. Although, I have not confirmed the authenticity of the information. But youths are being harassed and interrogated by these military personnels,” he added. Nigerians on their X handles urged the military not to harm innocent civilians in a quest for retaliation. “Dropping military men is unacceptable. Go hard on the criminals and not the armless citizens,” Adewale ‘Damilare urged the military. Netizens also called on the Abia State Governor, Alex Otti, to intervene so that the military would not take catastrophic actions against citizens. “Howbeit, this is urging Alex Otti to swoop into action to meet with the Nigerian army chief, Lt. Gen Taoreed Lagbaja to call his boys to order. As in their usual characteristics, they are now setting the cart before the horse in Aba, Abia state, just like they did in Okuama community, in Ugheli south LGA of Delta State in March 2024,” Mr Ike God said on his X handle. Recall that in March, 17 military personnels were killed in Delta state, during a peace mission. The community was razed down by some unknown men some days later and the residents alleged it to be the military men in retaliation. Nigerians fear that Aba might experience similar fate.

News·Security·Top Stories

Soldier Killed, Another Injured in Ogun Attack as Police Dispute Banditry Narrative

June 9, 2026

A serving Nigerian Army soldier has been killed and another injured following an armed attack at a private dredging site in Magbon Etido, Mowe, Obafemi-Owode Local Government Area of Ogun State, in an incident that initially sparked conflicting reports over its nature,

News·Nigeria·Top Stories

Itakpe-Warri Train Derails Near Agbor, Delta State: Multiple Injuries Reported, Rescue Ongoing

June 9, 2026

Itakpe-Warri train derails near Agbor, Delta State June 8. Multiple injuries reported, rescue ongoing. Officials yet to confirm casualties

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Latest

Airtel Africa, First HoldCo Gains Raise Nigerian Stock Market Cap By N635bn

Nigeria Cites IMF Report as Evidence of Reform Gains, Pledges Continued Economic Adjustments

INEC Moves to Resolve Legal Disputes Over 2027 Election Timetable, Warns Against Regulatory Uncertainty

Abbey Mortgage Bank Earns N6.71bn From Interest Income, Profit Rises Threefold

Attionu’s Extradition Opens Door for Ghana-US Talks on Ofori-Atta, Other Cases

Otti Lauds Sanwo-Olu at Invest Lagos 3.0, Outlines Abia’s Economic Drive

Edo Police Bust Fake Kidnap Plot, Arrest Woman, Three Others Over ₦50m Ransom Scam

Soldier Killed, Another Injured in Ogun Attack as Police Dispute Banditry Narrative

Itakpe-Warri Train Derails Near Agbor, Delta State: Multiple Injuries Reported, Rescue Ongoing

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