Osun State Governor Ademola Adeleke has directed the state’s Attorney-General to withdraw the lawsuit filed against the Economic and Financial Crimes Commission (EFCC) over the freezing of the state government’s bank account. Adeleke disclosed the decision during an interview with Channels Television shortly after he was declared the winner of the August 15 Osun governorship…
The Nasdaq Stock Market is set to move toward nearly round-the-clock trading, with the exchange planning to introduce a new overnight trading session from 9:00 p.m. to 4:00 a.m. Eastern Time beginning December 6, 2026. The move would extend Nasdaq trading to approximately 23 hours a day, five days a week, as the exchange responds…
The Federal Government has approved an increase in the annual robe allowance for state counsel and legal officers working with the Federal Ministry of Justice and the Legal Aid Council of Nigeria, raising the payment to ₦1 million per year. The new allowance was disclosed by the National Salaries, Incomes and Wages Commission (NSIWC) in…
Access Bank Plc has approached the Federal High Court in Lagos seeking an order to freeze bank accounts allegedly linked to beneficiaries of unauthorised transfers totalling about ₦1.34 billion from some of its customers’ accounts. The bank filed the application as part of efforts to recover the funds and prevent the alleged beneficiaries from withdrawing…
Billionaire businessman Femi Otedola has further increased his investment in First HoldCo Plc, acquiring an additional 147.74 million shares worth ₦20.68 billion as he continues to strengthen his position in the financial services group. The latest purchase was executed on August 14, 2026, at ₦140 per share through Calvados Global Services Limited, an investment vehicle…
The United States Coast Guard has lifted a 12-year Condition of Entry (CoE) imposed on vessels arriving in the United States from Nigeria, in what the Federal Government described as a major boost for the country’s maritime sector. The restriction, introduced in June 2014, required vessels that had recently called at designated Nigerian ports to…
About $420 billion in market value was reportedly erased from U.S. stocks at the market open, as rising Treasury yields and renewed concerns over the bond market weighed heavily on investor sentiment. The sell-off comes amid a broader global bond-market rout that has pushed long-term government borrowing costs to multi-year highs. On Tuesday, the yield…
The National Drug Law Enforcement Agency (NDLEA) has arrested Lagos socialite and luxury-goods dealer Afolabi Kazeem Michael, popularly known as KC Luxury, following the seizure of 184.5 kilogrammes of cocaine from a courier company in Lagos. The NDLEA described the operation as the largest cocaine seizure from a courier firm in its history. The agency…
BlackRock has described Bitcoin’s roughly 50% decline from its October 2025 peak as a “positioning correction,” arguing that the sell-off does not fundamentally undermine the cryptocurrency’s long-term investment case. In a new analysis published on August 17, BlackRock said the latest downturn has been driven largely by crypto-native deleveraging and changes in investor flows, rather…
