Nigeria

FTSE Russell Restores Nigeria, Pushes Equities To Record ₦162.39 Trillion After 60.76% YTD Gain

FTSE Russell restored Nigeria to Frontier status on September 21, 2026, sparking an eight-session rally and lifting market cap to ₦162.39 trillion.

FTSE Russell Reinstates Nigeria, Foreign Funds Push NGX to Record 250,156.80

FTSE Russell's reclassification reopened direct access for foreign institutions, concentrating buying in top banks and lifting the NGX to 250,156.80.

Troops Repel Suspected Reprisal Attack in Barkin Ladi, Curbing Immediate Threat

Troops repelled a suspected reprisal attack in Barkin Ladi after the killing of a local resident in Plateau State.

Nigeria complete 8-wicket win over Ghana

Nigeria recorded a 8-wicket win over Ghana in Quadrangular T20I Series in Nigeria, 2026, 1st Match.

Nigeria Boosts External Position With $11.12 Billion In H1 Personal Transfers

Diaspora and workers' remittances totalled $11.12 billion in H1 2026, lifting the Q2 current account surplus to $7.54 billion.

Fidelity Bank’s ROE Falls After Recapitalisation, Investors Face Margin Test

Return on equity fell from 41.7% in 2024 to 24.4% in 2025 after shareholders’ funds doubled in a recapitalisation.

Awoniyi Replaces Injured Osimhen, Joins Super Eagles For AFCON Qualifiers

Taiwo Awoniyi has been added to Nigeria’s AFCON 2027 squad after Victor Osimhen withdrew with a right adductor strain.

Federal Government Opens Talks To Clear ₦330.08 Billion EEG Backlog, Allowing Verified Exporters To Recover Claims

Federal agencies and exporters are reconciling verified and stepped-down EEG claims totalling ₦330.08 billion, while a Trade Facilitation Fund will

Nigeria's CNG Push Falters, Drivers Lose Expected Fuel Savings

High conversion costs, sparse refuelling and safety incidents are eroding the fuel savings that should follow Nigeria's CNG rollout.

Anambra Police Arrest Woman Accused Of Staging Kidnap After Family Paid ₦3 Million

Police say 22-year-old Nwachukwu Blessing allegedly staged her own abduction after her family paid ₦3 million; she was found in Asaba and is aiding

Falconets Can Reach U20 Semi-Final With Win Over Colombia, End 12-Year Drought

A win over Colombia would send the Falconets to their first U20 World Cup semi-final in 12 years, coach Moses Aduku warned against complacency.

Hit-And-Run Drivers Kill Riders, Leave Families Grieving in Ogun, Lagos

Drivers flee collision scenes, leaving dead and injured; Abeokuta driver Ebenezer Oluwaseyi has been arraigned on multiple charges.

Nigerian Forces Fire on Protesters, Probe Promised After 37 Miners Die in Niger State

Government has promised a full investigation after 37 miners died while being held in police custody in Niger State.

FirstHoldCo Tops ₦7 Trillion as FTSE Frontier 50 Debut Nears

FirstHoldCo Plc, parent of FirstBank, passed a ₦7 trillion market capitalisation on Friday after a share rally, ahead of its FTSE Frontier 50 debut.

Sunrise Faces Cost Order After Tribunal Finds $500,000 Transfer To Atiku’s Ex-Wife Preceded Mambilla Award

An ICC tribunal found a $500,000 payment to Jennifer Douglas was made on 30 January 2003, before the technical committee recommended Sunrise for

Ninth Woman Found East of Johannesburg, Nigeria Issues Safety Alert

South African police recovered a ninth woman's body east of Johannesburg, prompting the Nigerian Consulate in Johannesburg to issue a safety advisory.

Mafab Offers 5G Spectrum, Boosting MTN’s Network Capacity

Mafab proposes transferring 2×20 MHz at 2.1 GHz and 100 MHz at 3.5 GHz to MTN, a sale that requires Nigerian Communications Commission approval.

Five Suspected Ansaru Members Re-Arraigned, Court Orders Trial And Witness Protection

Five men pleaded not guilty to seven amended terrorism counts over the abduction of about 46 pupils and teachers in Oyo.

Nigeria’s Five REITs Total $230 Million, Pension Funds Needed to Grow Market

Nigeria’s five REITs hold about $230 million, leaving the market far smaller than South Africa’s roughly $27 billion share and dependent on private

Retail Nigerians Gain Chance To Own Dangote Refinery Shares

Retail investors are buying 10-share bundles at ₦5,250 as Dangote opens his refinery to public ownership; he retains 87% of the $19 billion asset.

NLC Urges Wage Awards and Naira Crude Sales to Shield Workers From Petrol Price Surge

Labour federation wants immediate wage awards, naira crude sales to local refineries and expanded storage to cushion Nigerians from rising petrol

Nigeria Must Convert Stability Into Strategic Economic Power

Reforms have rebuilt buffers and raised reserves to $46bn. Nigeria must translate that stability into manufacturing, exports and bargaining power.

Air Peace Says NCAA Understated August Flights, Warns Report Could Tarnish Airline

Air Peace says the NCAA undercounted its August flights, inflating delay rates. The carrier blames external disruptions and urges a data audit.

Tinubu Orders NIMC To Enrol 95% Of Nigerians By December 2026

President Tinubu told NIMC to register 95% of Nigerians in the National Identity Database by December 2026, prioritising ward and mobile enrolment.

Sanusi Admits Blocking Telcos Slowed Nigeria’s Financial Inclusion

Muhammadu Sanusi II said his ban on telcos entering banking slowed Nigeria’s inclusion drive. A 2026 survey shows inclusion at 79%, gaps remain.

Charity Ekezie Uses Sarcasm To Challenge Stereotypes And Grow Global Audience

Nigerian journalist Charity Ekezie answers 'silly' questions with sarcastic videos, using humour to push back on negative views of Africa.

DSS Moves Re-arraignment of Five Alleged Ansaru Members to Sept 17 After Counsel Dispute

The court postponed the arraignment to Sept 17 after five men, named as Ansaru suspects in the Oriire kidnaps and killings, insisted on their chosen

Thin Cash Buffer Exposed as Legend Internet's Profit Drops 92% to ₦13.21 Million

Pre-tax profit slid to ₦13.21 million as a ₦672 million asset gain hid an operating shortfall; management must cut costs and refinance by December.

Nigeria Posts ₦797.50 Billion US Trade Surplus in June, Ends 14-Month Deficit Streak

A surge in urea exports lifted Nigeria to a ₦797.50 billion surplus with the US in June 2026, reversing 14 months of deficits.

Atiku Abubakar Says Tinubu Reforms Cost Drivers Jobs After Uber Exit

Atiku Abubakar blames President Tinubu’s economic measures for Uber’s Sept 2, 2026 exit, warning drivers and families will lose income and options.

Raw Materials Exports Jump 106% to ₦3.84 Trillion, Q2 Drives Surge

Nigeria’s raw materials exports rose 106% year-on-year to ₦3.84 trillion in H1 2026, led by Q2 shipments of ₦2.31 trillion.

Rivals Move to Capture Drivers and Riders After Uber Exits Nigeria

Shuttlers, inDrive and Bolt have rolled out promotions, new services and lower fees to lure drivers and passengers after Uber left.

Nigeria Keeps OPEC Quota, But Output Still Falls Short of 2026 Budget

Nigeria met its OPEC production quota for a fourth month as output rose 0.4% to 1,677,777 bpd in August, but output remains below 2026 budget

Six Nigerians To Face US Charges Over $6 Million Online Romance Scam

Six Nigerian nationals are set to face US charges after being linked to an organised network that allegedly stole more than $6 million from American

Nigeria Suspends Official Visits, Demands Probe After Two Citizens Die in South Africa

Nigeria has asked South African authorities for immediate probes after Bishop Taiwo Michael Fakunle was killed on Sept 4 and James Uchechukwu Nwankwo

Stablecoin Neobanks Must Own Accounts To Sustain Growth

SBI’s $68 million Series C that valued Fasset at $1 billion highlights the premium on account control. Retention, not raw volume, will decide winners.

NYSC Halts Use Of Unfit Camps, Orientation Stopped In Niger State as Corps Members Face Unsafe Housing

Overcrowded, dilapidated orientation sites and rising housing costs forced the NYSC to refuse uninhabitable camps, triggering a halted orientation in

Police Arrest Suspect Over Fake OPay Shutdown Notice, Threatens Fintech Trust

Nigeria's cybercrime unit arrested a suspect over a forged notice claiming OPay would stop services, prompting a probe into misinformation risks.

Two FUTO Students Released After Abduction

Two female students from the Federal University of Technology, Owerri, who were taken on the road between campus and Ihi, have been freed.

Rachel Ikemeh Wins Rolex Award, Boosts Niger Delta Red Monkey Conservation

Rachel Ikemeh, a Nigerian conservationist, was named a 2026 Rolex Award laureate for work with Niger Delta communities to protect a rare red monkey.

Passenger Car Imports Lift Nigeria’s Import Bill to ₦1.18 Trillion in H1 2026

Nigeria’s passenger motor car imports rose 145.6% year-on-year to ₦1.18 trillion in the first half of 2026, a sharp rise in import spending.

UK Awards 68 Nigerians Chevening and Commonwealth Scholarships, Cohort Heads to UK

Twelve Nigerians won Chevening awards and 56 secured Commonwealth scholarships to pursue master's and PhDs at UK universities in 2026.

NERC Orders DisCos To Remit Up To 60% Of OpEx To CapEx, Tightens Debt Timetable

NERC requires DisCos to channel at least 60% of earned non-admin OpEx into CapEx from Feb 2027, with phased starts for debt-free firms.

PressOne Turns Fast Sign-Ups Into Paying Cloud Telephony For Nigerian SMEs

PressOne moved beyond rapid sign-ups to build a subscription business that gives small Nigerian firms enterprise-grade phone systems.

Federal Government Releases ₦235 Billion to BHCPF in Three Years, Demands Measurable Results

The Federal Government has disbursed ₦339 billion through the Basic Healthcare Provision Fund, with ₦235 billion in the past three years.

Rivers Police Arrest Suspect Who Said He Was Hired For ₦40,000 In Kidnap

Rivers police detained Victor Ini after gunfire and recovered a vehicle and weapons; Ini told officers he joined a gang promised ₦40,000 to abduct a

Kebbi Storm Kills One, Destroys Homes in Shanga LGA

A heavy downpour with strong winds hit Shanga Local Government Area on September 7 between 11:30pm and midnight, killing one and collapsing several

MTN Nigeria Passes 100.86 Million Subscribers, Captures 51.7% of Market

MTN Nigeria reached 100.86 million subscribers in July, the first African operator to top 100 million, strengthening its lead with 51.7% of active

NAFDAC Removes 7,210 Products, Defends Enforcement Amid Fake-Product Fears

NAFDAC says it removed 7,210 products after inspecting 6,233 facilities between May and July 2026, and urges scientific verification over social

NAFDAC Struggles As Counterfeit Goods Threaten Nigerian Health

Substandard medicines, foods and personal products now circulate widely in Nigeria, raising risks of poisoning, treatment failure and death.

CBN Elevates Terrorism-Financing Supervision, Triggers Tighter Bank Scrutiny

The Central Bank of Nigeria made terrorism-financing oversight a supervisory priority, ramping up examinations of banks' controls and reporting.

Super Eagles To Face Russia On October 6, Test Ahead Of AFCON Qualifier

Nigeria will meet Russia at the 44,000-seat Nizhny Novgorod Stadium on October 6, confirmed by FIFA match agent Jairo Pachon.

Nigerian Troops Hold Pulka Base, Forcing ISWAP Retreat in Gwoza

Operation HADIN KAI troops, backed by the Nigerian Air Force and CJTF, repelled a 7 September 2026 ISWAP attack on Pulka, recovering arms and

Microenterprises Lose When Credit Lacks Trust In Lagos, Kano, Anambra, Borno

EFInA-supported fieldwork in Lagos, Kano, Anambra and Borno finds credit access often fails to produce enterprise growth; trust, timing and repayment

Dangote IPO Could Push NGX Toward ₦225 Trillion Market Value

The Dangote refinery's planned IPO values the company at ₦65.22 trillion and could lift NGX to about ₦225 trillion. Offer opens 14 September 2026.

D’Tigress Eliminated From 2026 FIBA World Cup After 111-56 Loss to France

Nigeria’s five-time African champions finished Group B winless after a 111-56 defeat to France in Berlin, ending their World Cup run.

FirstHoldCo Joins FTSE Frontier 50, Broadens Global Investor Access

FirstHoldCo’s inclusion in the FTSE Frontier 50 on 21 September 2026 widens routes for global capital and should deepen liquidity and institutional

Ikenga Hits ₦75 Million, Becomes Highest-Grossing Igbo Film

Ikenga reached ₦75 million, claiming the top spot for Igbo-language films while leading Nollywood box office for three weeks, FilmOne says.

NDLEA Removes 2,145kg Cannabis Hidden in Fuel Tanker, Video Shows Aftermath

NDLEA says officers found 165 bags of cannabis weighing 2,145kg in a 20,000‑litre tanker intercepted on the Akoko/Lokoja Expressway; video shows the