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Stock market dips by 0.29%, investors lose N444bn

Trading on the Nigerian Stock Market closed bearish on Friday, ending the week with a N444 billion loss for investors. Extended profit-taking in large- and mid-cap stocks pushed the market further into negative territory, extending the bearish trend to the ninth consecutive session. Market capitalisation declined from N154.977 trillion to …

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Police arraign 40-year old Man over alleged N2.7m loan fraud

A 40-year-old man, Olalekan Akinola, on Friday appeared before an Abeokuta Magistrates’ Court sitting at Isabo for allegedly defrauding two persons of  N2.74 million. Akinola allegedly obtained loans to the tune of N2.74 million with the  personal information of the two persons. Akinola, who has no fixed address, is charged …

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Kwara boosts digital learning with 1,755 computers for 70 schools

The Kwara State Government on Friday began the distribution of 1,755 computers and other digital equipment to 70 public senior secondary schools across the 16 Local Government Areas of the state. Flagging off the distribution of the equipment in Ilorin, Gov. AbdulRahman AbdulRazaq said digital literacy was no longer a …

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Navy discovers, deactivates suspected illegal crude oil infrastructure

The Nigerian Navy has discovered and deactivated a suspected illegal crude oil infrastructure containing approximately 93,000 litres of crude oil in Rivers. This is contained in an operational report by the Director of Naval Information, Capt. Abiodun Folorunsho, made available to the News Agency of Nigeria on Friday in Abuja. …

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Senator Saliu Mustapha dumps APC, set to join PDP

The Chairman of the Senate Committee on Agriculture and Rural Development and senator representing Kwara Central Senatorial District at the National Assembly, Senator Saliu Mustapha, has formally resigned his membership of the ruling All Progressives Congress, APC. Mustapha, in his resignation notice obtained by Vanguard, said, “This is not a …

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EFCC, ICPC Probe N12bn NFF Intervention Fund

The Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) are investigating the utilisation of the N12 billion Federal Government intervention fund released to the Nigeria Football Federation (NFF) to settle outstanding players’ wages, bonuses and other national-team obligations. The development was …

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UBA approves H1 2026 audited accounts, appoints Puri director

United Bank for Africa Plc has approved its audited financial statements for the half-year ended 30 June 2026, subject to clearance by the Central Bank of Nigeria. The approval was given at the bank’s board meeting held on 13 August 2026, according to a statement signed by the lender. UBA …

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