Author: Ogochukwu Ndubuisi

The Debt Management Office (DMO) is set to open N800 billion worth of Federal Government of Nigeria (FGN) bonds for subscription on Monday.

The U.S. dollar (USD) fell against its major trading partners in the forex market, halting the greenback’s successive recovery amidst reaction to the Supreme Court tariff ruling.

Fitch Affirms BoE AA Rating, Outlook Stable Fitch Ratings has affirmed the Bank of England’s (BoE) Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘AA-‘ with a Stable Outlook. The BoE’s LTFC IDR is directly aligned with the UK’s sovereign ratings, according to Fitch. The BoE is the UK’s monetary arm and, as such, its credit profile aligns with that of the sovereign government, ratings analysts said. Fitch said it currently only rates the BoE’s three-year maturity US dollar bonds. The rating does not apply to typical central-bank liabilities of the BoE, such as banknotes or commercial bank reserves, which…

NDLEA Arrests Trans Fortress CEO for Allegedly Leading Drug Cartel The National Drug Law Enforcement Agency (NDLEA) has arrested the Chairman and Chief Executive Officer(CCEO), Trans Fortress Global Resources, for alleged illicit drug business. Femi Babafemi, Director Media and Advocacy, NDLEA, said in a statement on Sunday in Abuja that the suspect had been on NDLEA watchlist since 2025 following credible intelligence. Babafemi said that the 57-year-old drug kingpin was arrested at his Safe Court Apartment residence in Ikate, Lekki Lagos on Thursday, Feb. 12 after sustained surveillance soon after his return from the United Kingdom. He said that a…

Nigeria Records N5trn Post-Harvest Losses in 2025 The Organisation for Technology Advancement of Cold Chain in West Africa (OTACCWA) has disclosed that Nigeria recorded between N3.5 trillion and N5 trillion in post-harvest losses in 2025. The President of OTACCWA, Mr Alexander Isong, disclosed this in an interview with the News men) in Lagos. Isong also said the country lost an estimated 30 to 40 million metric tonnes of food across major value chains. “In 2025, Nigeria lost an estimated 30 to 40 million metric tonnes of food to post-harvest inefficiencies across major value chains, particularly tomatoes, vegetables, fruits, dairy, meat,…

How SEC Can Achieve 20m Investors’ Target Prof. Uche Uwaleke, the President of the Capital Market Academics of Nigeria (CMAN), says aggressive investors’ education and strong enforcement against infractions will help the Securities and Exchange Commission (SEC) achieve its 2026 targets. SEC on Feb. 20 inaugurated a liquidity working group targeting no fewer than 20 million new investors into the market. Speaking to News men in Abuja on Sunday, Uwaleke said the target was realisable but required a coordinated ecosystem approach involving regulators, exchanges, fintech firms, banks, universities, and market operators. He said financial literacy campaigns must also be institutionalised,…

Nigerian Fencer Brou Ranked Top 10 Globally Nigeria’s fencing sensation Inkosi Brou has achieved a groundbreaking milestone, becoming the first Nigerian to be ranked among the top 10 junior fencers in the world. The latest rankings released by the International Fencing Federation (FIE) place the 18-year-old in 10th position in the Men’s Sabre junior category. With 68.750 points, Brou is now the second-highest ranked African trailing Egypt’s Ahmed Hesham, who sits in 7th place with 76.000 points. In spite of a quarterfinal exit at the 2026 African Junior Fencing Championships in Dakar, Brou’s ascent continues, buoyed by his recent sixth‑place…

While the market claims the naira exchange rate has decoupled from oil prices, analysts say the ongoing crude rally is positive for a firmer local currency.

Buoyed by N8.14 trillion weekly gain, the Nigerian Exchange (NGX) has delivered a 25.3% year-to-date return amid a successive rally, supported by an influx of pension money into the local bourse.

Lagos Sets Pace in Youth Swimming With olympic-Size Meet Lagos State Sports Commission (LSSC) on Saturday hosted a long-course Dolphin Swimming League meet at the Olympic pool in Mobolaji Johnson Sports Complex. The event attracted World School Games champions, National Youth Games medallists and emerging talents, reinforcing Lagos’ growing status as a hub for structured youth swimming. Coaches, parents and supporters filled the stands, underscoring the commission’s deliberate emphasis on age-grade athlete development and sustained competitive exposure. Beyond the spectacle, the meet signalled a shift towards performance-driven youth swimming, with Lagos increasingly setting the benchmark for other states. Staged across…