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Forex Transactions Decline By $89.61 Million As Dollar Rate Surges

Currency Traders Reduce Dollar Rate To N1,417 In Official Market

January 16, 2026

On Friday, January 16, the naira appreciated against the United States dollar (USD) by 0.14 percent as the foreign exchange rate for both currencies closed at N1,417.95 kobo/$1 in the Nigerian foreign exchange market (NFEM). Data provided by the Central Bank of

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

Business·Top Stories

Nigerian Stock Market Rebounds With N30.45bn Gain

January 16, 2026

The all-share index (ASI) increased by 0.23 percent on Friday, January 16, leading to the market capitalisation of the Nigerian Exchange (NGX) rising by N30.45 billion. It was gathered that the ASI expanded by 72.21 basis points, from 166,057.29 index recorded on

News·Nigeria·Security·Top Stories

Retired Nigerian Soldiers Scramble for Food

January 16, 2026

A video showing retired Nigerian military personnel struggling to collect food during an official ceremony in Abuja has gone viral, prompting renewed debate about conditions of service and post-retirement welfare in the armed forces. The footage was recorded on Thursday during events

News·Politics·Top Stories

Rivers Impeachment Crisis Deepens as Assembly Insists on Fubara’s Removal

January 16, 2026

The Rivers State House of Assembly has reaffirmed its resolve to proceed with the impeachment of Governor Siminalayi Fubara and his deputy, Ngozi Odu, declaring that the process is constitutional and unavoidable despite calls for reconciliation. This position was restated during a

News·Top Stories

Obi Slams $9m U.S. Lobbying Spend, Links It to Nigeria’s Stagnant Development, Failing Hospitals

January 16, 2026

Former Anambra State governor and Labour Party presidential candidate, Peter Obi, has criticised the Federal Government over the reported expenditure of $9 million on foreign lobbyists in the United States, describing it as a stark example of misplaced priorities that continue to

News·Politics·Top Stories

Countdown to 2027: Abba Atiku’s Defection Sparks Early Election Chess Moves

January 16, 2026

The defection of Abba Atiku Abubakar, son of former Vice President Atiku Abubakar, to the All Progressives Congress (APC) is being viewed by political observers as an early, symbolic maneuver in Nigeria’s unfolding 2027 electoral landscape. Abba officially joined the APC

News·Top Stories·World News

Trump Keeps Nobel Peace Prize Medal Gifted by Venezuela’s Machado, Nobel Body Reiterates Award Rules

January 16, 2026

Venezuelan opposition leader María Corina Machado on Thursday presented her Nobel Peace Prize medal to U.S. President Donald Trump during a private White House meeting, a symbolic gesture aimed at influencing Washington’s role in shaping Venezuela’s political future. A White House official

Africa·News·Politics·Top Stories

Museveni Takes Early Lead as Uganda Releases Preliminary Presidential Results

January 16, 2026

Uganda’s Electoral Commission has announced preliminary results from the country’s presidential election, showing President Yoweri Museveni with a commanding lead as vote collation continues nationwide, Prime Business Africa reports. According to figures released by the commission, Museveni has secured about 76 per

Business·Finance & Economy·News

Sterling Bank Steps Up Environmental Sustainability Efforts

January 16, 2026

Nigerian banks are increasingly prioritizing environmental sustainability and climate action, with Sterling Bank leading the charge. The bank, in collaboration with Sterling One Foundation, Sunbeth, and government agencies, organized a nationwide Environmental Cleanup and Beach Adoption exercise, covering 17 states and engaging

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Latest

Currency Traders Reduce Dollar Rate To N1,417 In Official Market

Nigerian Stock Market Rebounds With N30.45bn Gain

Retired Nigerian Soldiers Scramble for Food

Rivers Impeachment Crisis Deepens as Assembly Insists on Fubara’s Removal

Obi Slams $9m U.S. Lobbying Spend, Links It to Nigeria’s Stagnant Development, Failing Hospitals

Countdown to 2027: Abba Atiku’s Defection Sparks Early Election Chess Moves

Trump Keeps Nobel Peace Prize Medal Gifted by Venezuela’s Machado, Nobel Body Reiterates Award Rules

Museveni Takes Early Lead as Uganda Releases Preliminary Presidential Results

Sterling Bank Steps Up Environmental Sustainability Efforts

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Black Market Traders Exchange Dollar At N1,382/$, Official USD Rate Rises By N14

Terra Industries Reappoints Nnamdi Chife to Drive Military Strategy as Defence Partnerships Scale

Police Council Ratifies Disu as IGP, Tinubu to Swear Him In Wednesday

NGX Market Cap Rises To N125.48trn — Up By N1.72trn

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Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Black Market Traders Exchange Dollar At N1,382/$, Official USD Rate Rises By N14

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