Nigeria recorded N11.92 trillion in equities transactions in 2025, the highest annual turnover in nearly two decades, as a market rally delivered returns of over 50 per cent to investors. The transaction value, the strongest since 2007, reflected a surge in investor participation amid improving macroeconomic conditions and sustained capital market reforms. Of the total turnover, foreign investors accounted for N2.64 trillion, or 22.21 per cent, while domestic investors transacted N9.27 trillion, representing 77.79 per cent. The NGX All-Share Index rose by 51.19 per cent in 2025 to 155,613 points, from 102,926 at the start of the year. Equity market…
Author: Abdoulaye Kay
The Central Bank of Nigeria (CBN) recorded its strongest Treasury Bills subscription in over one year as investors bid N3.44 trillion at Wednesday’s primary market auction, far exceeding the N1.15 trillion on offer. The surge in demand, the highest since December 2024, reflects investors’ appetite to lock in high returns amid rising interest rates and aggressive government borrowing. At the auction, the CBN offered N150 billion for the 91-day tenor, N200 billion for the 182-day, and N800 billion for the 364-day bills. Total subscriptions reached N3.44 trillion, with the 364-day instrument attracting the bulk of demand at nearly four times…
The impeachment move against Rivers State Governor, Siminalayi Fubara, and his deputy, Prof. Ngozi Odu, has suffered a major setback following the refusal of the state’s Chief Judge to act on the request of the House of Assembly to constitute an investigative panel. In a letter dated January 20, 2026, the Chief Judge, Justice Chibuzor Simeon Amadi, declined to set up the seven-member panel required under the constitution to probe the allegations of gross misconduct against the governor and his deputy. Justice Amadi explained that his decision was based on existing court orders restraining him from taking any step in…
The National Board for Technical Education (NBTE) has announced that polytechnics will soon be allowed to award National Diplomas (ND) and Bachelor of Technology (B.Tech) degrees in science, technology and engineering programmes. Executive Secretary of the NBTE, Prof. Idris Bugaje, disclosed this at a retreat for governing council chairmen, commissioners of education, rectors, registrars and bursars in Abuja. He said the reform is part of the ongoing amendment of the Polytechnic Act, which has passed second reading in the House of Representatives. Under the new framework, polytechnics will award ND and B.Tech degrees in science and engineering fields, while non-science…
The naira closed the mid-week trading session at N1,423 to the dollar at the official foreign exchange market, maintaining relative stability amid continued weakness in the parallel market. Data from the Central Bank of Nigeria (CBN) show a mixed performance across both windows, with official rates holding firm while pressures persist outside the regulated market. At the Nigerian Foreign Exchange Market (NFEM), the naira traded at N1,420.5/$ on Monday, strengthened marginally to N1,420/$ on Tuesday, before depreciating to N1,423/$ on Wednesday. ALSO READ CBN: 5 MPC members vote for 50bps rate cut at November 2025 meeting Last week, the currency…
Five members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) voted for a 50-basis-point cut in the Monetary Policy Rate (MPR) at the November 2025 meeting, citing sustained disinflation, improving external buffers, and resilient economic growth. According to their personal statements published by the apex bank, the five members, who represent 41.7 per cent of the 12-member committee, proposed reducing the MPR from 27.0 per cent to 26.5 per cent and adjusting the asymmetric corridor to +50/-450 basis points, while retaining all other prudential parameters. By majority, however, the committee voted to retain the policy rate at 27.0…
A fresh controversy has emerged over the academic credentials of the Minister of Interior, Olubunmi Tunji-Ojo, following leaked court records that appear to show discrepancies between the qualifications used to obtain his National Youth Service Corps (NYSC) certificate and the credentials he presented during his ministerial screening. The development comes despite earlier assurances by the NYSC that the minister’s documents were in order. New information, however, suggests that the academic details submitted to the NYSC—and later tendered by the scheme before a Federal High Court in Abuja—differ from records independently obtained from London Metropolitan University in the United Kingdom. According…
The National Drug Law Enforcement Agency (NDLEA) has arrested 77,792 drug offenders and seized 14,847 tonnes of illicit drugs over the past five years, its Chairman, retired Brigadier General Buba Marwa, has said. Marwa disclosed this on Tuesday during an award and commendation ceremony for NDLEA personnel at the agency’s headquarters in Abuja. He said the seizures dealt a major blow to both local and international drug trafficking networks, sending a strong signal that Nigeria will no longer tolerate illicit drug operations. According to him, 128 identified drug barons were among those arrested within the period, underscoring the scale of…
Sokoto State Governor, Dr. Ahmed Aliyu, has presented 23 brand new Toyota Jeeps to chairmen of the state’s 23 local government areas to strengthen grassroots governance and service delivery. The presentation of the Jeeps took place at the Government House, Sokoto, with the Secretary to the State Government (SSG), Muhammad Bello Sifawa, representing the governor. Speaking at the event, the SSG said the vehicles were provided to enhance effective governance at the local level and improve service delivery across communities. He noted that the move would enable council chairmen to better supervise projects, monitor government activities, and respond promptly to…
The Sultan of Sokoto and President-General of the Nigeria Supreme Council for Islamic Affairs (NSCIA), Muhammad Sa’ad Abubakar, has expressed deep sorrow over the death of Dr. Muhammad Bashir Imam Solih, the Chief Imam of Ilorin. In a condolence message issued on Tuesday by his media team, the Sultan described the late Islamic scholar as a scholar who devoted his life to the service of Allah, Islam, and humanity. He extended his condolences to the Emir of Ilorin, the Kwara State Government, and the immediate family of the deceased cleric. The Sultan said the late Shaykh Bashir Solih was widely…