Stock market declines by N648bn

The Nigerian stock market reversed its previous day’s gains on Wednesday as investors lost N648 billion following renewed selloffs in large and medium-cap stocks. Market capitalisation declined by N648 billion, or 0.41 per cent, to close at N159.344 trillion from N159.992 trillion recorded on Tuesday. Similarly, the All-Share Index (ASI) …

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United Capital posts 80% PBT growth

United Capital Plc has recorded an 80 per cent growth in profit before tax (PBT) in the first half of the year to N24.78 billion as against  N13.79 recorded same period of 2025. The Group Chief Finance Officer, Mr Shedrack Onakpoma, said this was driven by disciplined execution of the …

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Nigeria’s consumer credit drops 20% to N3.8tn

Nigeria’s consumer credit declined for the first time in six years, falling by 19.89 per cent to N3.78tn in 2025 from N4.72tn a year earlier, as elevated interest rates dampened household borrowing, according to the Central Bank of Nigeria. The decline, disclosed in the CBN’s 2025 Annual Report and Statement …

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Police nab suspected armed robber in Lagos

The Lagos State Police Command has apprehended a 29-year-old suspected armed robber during a routine patrol in the Igando area of the state. The police also recovered a locally fabricated pistol and assorted charms from the suspect. The command’s spokesperson, SP Abimbola Adebisi, confirmed this in a statement on Wednesday …

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Singer Victony releases teaser for “FYNE”

Ace Nigerian singer and rapper Anthony Victor, popularly known as Victony, has released a teaser for  his forthcoming single, “FYNE’, featuring a sample from Orezi’s 2013 classic,”You Garrit”. Newsextra24 reports that the “Soweto” crooner shared a preview of the track in a post on his verified X handle on Wednesday. …

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Abia govt fixes N200m for presidential campaign billboard permit

Abia State Government says every political party’s presidential candidate intending to campaign through billboards and posters will pay N200 million to obtain campaign advertising permit. The Abia State Structures for Signages and Advertising Agency (ABSSAA), disclosed this on Wednesday in Aba, during a “Stakeholders Forum on Political Campaign Advertising fees”. …

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LAWMA seals non-compliant shops, plazas over waste violations

The Lagos Waste Management Authority (LAWMA) has commenced the sealing of non-compliant shops and plazas along the Tejuosho-Ojuelegba corridor for violating waste management regulations. The Managing Director of LAWMA, Mr Muyiwa Gbadegesin, said the enforcement followed the expiration of compliance notices earlier issued to the affected premises. Newsextra24 reports that …

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Trump urges Burnham to tackle illegal migration

United States President Donald Trump has urged British Prime Minister Andy Burnham to tackle illegal migration, warning that the issue is “killing” the United Kingdom. Speaking to GB News on Wednesday, Trump said Burnham would eventually have to address immigration despite initially avoiding the subject after taking office. “He’s going …

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