- Aradel Holdings Gains 20% as Energy Investors Boost Exposure
- Nigeria’s Frontier Market Story: Reassuring Global Investors Beyond Index Inclusion
- Geregu Power Sheds 10%, Investors Reduce Holdings Ahead of Q2
- NCC Engages Stakeholders on Cost-Based Framework for Duct Sharing
- Excess Banking Liquidity Drives 60% SDF Placement Surge, Rates Ease
- FX Spot, Derivatives Markets Turnover Sinks by 47%
- BUA Foods Momentum Pauses Ahead of Q2 Earnings
- IntBrew Gains 40%, Plans to Return Capital to Shareholders
Author: Ogochukwu Ndubuisi
Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.
I Won’t Betray Nigerians’ Trust; Reforms Will Deliver a Better Future – Tinubu President Bola Tinubu has reaffirmed his commitment to fulfilling promises made to Nigerians, declaring that he would never betray their trust. Tinubu spoke on Thursday through Senate President Godswill Akpabio, during the inauguration of executives of the PBAT Door-to-Door Movement, established to promote the Renewed Hope agenda across the country. He insisted that the ongoing reforms would eventually deliver lasting national prosperity. “My administration remains committed to building a stronger nation despite the difficult decisions taken since assuming office,” he said. The President, who addressed supporters, political…
NIS Suspends U.S. Visa Application Centres Indefinitely The Nigeria Immigration Service (NIS) has announced the indefinite suspension of Online Integrated Solution (OIS Services), the operator of Nigeria’s Visa Application Centres in the United States, effective July 1. This is contained in a statement issued on Thursday in Abuja by the Service Public Relations Officer (SPRO), Deputy Comptroller of Immigration (DCI), Mr Akinsola Akinlabi. Akinlabi said that the development affected prospective travellers and Nigerians residing in the United States who required visas to enter Nigeria. According to him, all applicants seeking Nigerian visas are now required to submit their applications directly…
Global oil supply posted its largest monthly increase in months, rising 4.1 million barrels per day (bpd),
Nigeria Tops Africa’s AI Ranking Nigeria has emerged as the leading African country in the second edition of the Global Index on Responsible AI (GIRAI). The Special Assistant (SA) on Media and Communications to the Minister of Communications, Innovation and Digital Economy, Mr Isime Esene, said this in a statement on Thursday in Abuja. Esene said that Nigeria also ranked 38th globally and first in Africa with an overall index score of 45.93. “This marks a remarkable improvement from the inaugural 2024 edition of the Index, in which Nigeria ranked 80th globally with a score of 7.21, representing a rise…
Lagos Assembly Endorses State Police The Lagos State House of Assembly on Wednesday endorsed the establishment of state police, urging nationwide constitutional reforms to strengthen Nigeria’s security architecture. Lawmakers also called on the 36 State Houses of Assembly to expedite consideration and approval of the Constitution Alteration Bill on state policing. The resolution followed the adoption of a motion titled ‘Support for the Establishment of State Police in Nigeria,’ moved by Majority Leader, Noheem Adams. Adams said the proposed legislation aligned with Federal Government efforts to decentralise policing, strengthen security architecture and better protect lives and property nationwide. “Lagos Assembly…
BPP, Reps Committee Begin Talks on Review of Public Procurement Act The Bureau of Public Procurement (BPP) has commenced discussions with the House of Representatives Committee on Public Procurement on the proposed review of the Public Procurement Act, 2007. A statement issued by Zira Nagga, BPP’s Head of Media and Public Relations in Abuja on Thursday, said the discussions were held at a strategic retreat with the House committee members in Abuja. The statement said the collaborative session underscored the shared commitment of the BPP and the House Committee to drive reforms that would improve governance, promote sustainable development, and…
ExxonMobil’s Usan Project to Generate $1.2bn for Nigeria ESSO Exploration and Production Nigeria says its one billion-dollar Usan Infill Project in Oil Mining Lease (OML) 138 is expected to generate 1.2 billion dollars in revenue. Jagir Baxi, Managing Director, ESSO Exploration and Production Nigeria, ExxonMobil’s affiliate, made this known on Wednesday in Abuja at the ongoing Nigeria Oil and Gas (NOG) Energy Week. Baxi said the development would unlock an additional 40,000 barrels of oil per day (bpd) from Nigeria’s deepwater assets, marking ESSO’s return to deepwater drilling after almost a decade. The project, which has secured funding from partners…
President Bola Ahmed Tinubu has directed the Independent Corrupt Practices and Other Related Offences Commission
WHO Warns Global Cancer Cases May Hit 35m by 2050 The World Health Organization (WHO) has called for urgent global action against cancer, warning that annual new cases could reach 35 million globally by 2050. WHO said on Wednesday that cancer causes more than 26,000 deaths daily, with 20.6 million new cases yearly worldwide. The organisation said reversing the trend required a people-centred approach prioritising health needs and experiences of affected individuals globally. The warning is contained in the WHO Global Status Report on Cancer 2026, developed jointly with the International Agency for Research on Cancer (IARC). The report assessed…
NUPRC Hands Petroleum Prospecting Licences to 12 Firms The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has executed concession contracts and commenced the issuance of 19 Petroleum Prospecting Licences (PPLs) to successful bidders in the 2024 Licensing Round. The exercise, conducted on the sidelines of the Nigeria Oil and Gas (NOG) Energy Week 2026 on Wednesday in Abuja, covered 12 awardees across deep offshore, shallow water and continental shelf acreages. The signing was presided over by the NUPRC Chairman, Sen. Magnus Abe, Conmission Chief Executive, Oritsemeyiwa Eyesan, Legal Adviser and Commission Secretary, Olayemi Adeboyejo, alongside other Commission officials. Among the recipients…
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