The Nigerian Exchange Ltd. recorded a strong weekly performance, with investors gaining N8.661 trillion amid heightened trading activity. It was reported that market capitalisation rose by 6.60 per cent to N139.827 trillion from N131.166 trillion. The NGX All-Share Index climbed by 6.57 per cent to 217,167.57 from 203,770.43 recorded in the previous week. The NGX report on Saturday noted that investors recorded a total gain of N8.661 trillion within the review period. A total turnover of 3.588 billion shares valued at N195.313 billion was traded in 254,553 deals. This compares with 3.361 billion shares worth N151.948 billion exchanged in 229,442…
Author: Editor
The Nigeria Medical Association (NMA), Lagos Branch, has removed its chairman, Dr Babajide Saheed. As a result, Dr Temidire Ewonowo has assumed leadership of the association as the new chairman. The impeachment took place on Saturday in Lagos during an Emergency General Meeting of the association, following alleged repeated violations of NMA rules and regulations by Saheed. It was reported that the decision for his removal was reached through a secret ballot conducted by members. Following a majority vote to remove the chairman, the 1st Vice-Chairman automatically assumed office, as provided in the NMA constitution. Shedding more light, the new…
The Federal Road Safety Corps (FRSC) has confirmed the death of two persons, with 20 others injured and eight unhurt, in a road traffic crash at Wudil T-Junction on Maiduguri Road in Kano State. The State Commander, Idris Muhammed-Lawan, disclosed this in a statement signed by the FRSC Public Relations Officer, Abdullahi Labaran, on Saturday in Kano. The statement read: “We received a distress call at about 9:25 a.m. and arrived at the scene within 10 minutes. “The accident involved a DAF trailer loaded with goods and passengers, travelling from Wudil Market en route to Lagos State. “The passengers were…
The Kogi Government has reaffirmed its commitment to preserving culture, promoting girl-child education, and strengthening unity across the state. Gov. Ahmed Ododo, represented by his deputy, Mr Joel Salifu, gave the assurance on Saturday at the 2026 Ovia Osese Cultural Festival finale in Ogori, Kogi. He described the festival as more than a celebration, saying, “Ovia Osese represents the history, identity, and values of the Ogori people.” He added that it also serves as “a tool for education, tourism, and economic development.” The governor commended the organisers, especially the Ogori Descendants Union President, Dr Gabriel Aiso, for making the event…
Amina Abdullahi-Sani, Kano State Commissioner for Women Affairs, Children and Persons with Special Needs, has reaffirmed her commitment to advancing women’s representation in governance. This is contained in a statement issued on Saturday by the ministry’s Director of Public Enlightenment, Bintu Nuhu-Yakasai. Sani spoke while receiving a delegation from the International Federation of Women Lawyers (FIDA), led by Salma Ahmad-Danbappha. Also in attendance was Ibrahim Bello, Coordinator of the Rule of Law and Anti-Corruption Programme (RoLAC). The commissioner emphasised the need to secure reserved seats for women in legislative bodies. She said increasing women’s participation in governance is vital for…
Gov. Charles Soludo of Anambra says the All Progressives Grand Alliance (APGA) primaries will no longer permit monetary inducement or transactional politics. He spoke on Saturday at the party’s South-East zonal stakeholders’ meeting in Awka. Soludo linked the party’s slow growth since 2002 to a culture in which officials allegedly exploited aspirants during primaries. He said the practice weakened internal democracy, discouraged credible participation, and undermined institutional development. “The era of marketing party tickets is over. Parties must be driven by values, policies, and accountability, not commerce,” he said. Soludo lamented a system in which party funds were allegedly shared…
The Federal Road Safety Corps (FRSC) has clarified a viral video involving its patrol team in Abuja’s Central Business District, describing the incident as misrepresented. The Corps Public Education Officer, Mr Osondu Ohaeri, gave the clarification in a statement issued on Saturday in Abuja. It was reported that the footage showed a tense encounter between FRSC officials and a driver who allegedly failed to comply after being booked. The situation reportedly escalated when the driver diverted from the route to the command, attracting a crowd amid unverified claims involving an iron rod. Ohaeri said the vehicle was lawfully intercepted for…
Mr Ohida Maiyaki, Chairman of the Nigerian Institute of Electrical and Electronic Engineers (NIEEE), Abuja Chapter, has unveiled a comprehensive strategy aimed at equipping young engineers to address Nigeria’s persistent power challenges. Maiyaki disclosed this in Abuja on Saturday during his inauguration as the 10th Chairman of the NIEEE Abuja Chapter. The inauguration ceremony had the theme: “The Role of Electrical Engineers in Building a Vibrant Economy.” He said his administration would prioritise capacity development, noting that the complexity of Nigeria’s electricity sector requires a new generation of well-trained and industry-ready professionals. According to him, a detailed training programme has…
The Central Bank of Nigeria (CBN) has concluded its testimony in the ongoing criminal trial against Binance, insisting that the crypto platform conducted “hidden operations” within Nigeria without regulatory approval. The testimony, delivered by the CBN’s Director of Banking Supervision, Dr. Olubukola Akinwunmi, was concluded on Friday before Justice Emeka Nwite of the Federal High Court in Abuja. The case, initiated by the Economic and Financial Crimes Commission (EFCC) in 2024, centres on allegations of money laundering and unlawful financial activities linked to the platform. According to the prosecution, Binance and some of its executives are accused of conspiring to…
Pope Leo XIV has warned that the misuse of artificial intelligence (AI) could deepen global divisions and fuel violence, cautioning that the technology is increasingly being used to spread “polarisation, conflict, fear and violence.” The pontiff gave the warning during a speech at the Catholic University of Central Africa in Yaoundé, Cameroon, as part of his ongoing 11-day apostolic visit to Africa. He stressed that the risks associated with AI go beyond technical errors, noting that the technology could fundamentally alter humanity’s relationship with truth. “The challenge posed by these systems is greater than it appears,” the pope said, warning…