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₦170 Billion Lost on Nigerian Stock Market Despite S&P Rating Upgrade

Lagos — Approximately ₦170 billion was wiped off the value of the Nigerian stock market following a selloff in mid-cap equities, rattling investors despite renewed optimism generated by Nigeria’s recent sovereign credit rating upgrade by S&P Global Ratings. The decline on the Nigerian Exchange Group came as investors engaged in profit-taking and repositioning amid continued

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Aliko Dangote Shuts Down Two Companies Amid Economic Pressure Concerns

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Lagos/Abuja — Nigerian billionaire businessman Aliko Dangote has reportedly shut down two companies linked to the Dangote Group, sparking fresh discussion over the pressures facing businesses in Nigeria’s current economic climate. The specific reasons behind the closures have not yet been fully disclosed, and details regarding the affected companies remain limited. The development has nevertheless

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17 Police Officers Killed in Major Terror Attack on Military Facility in Yobe

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Damaturu/Abuja — Seventeen police officers have been killed in an attack blamed on suspected terrorists targeting the Nigerian Army Special Forces School in Buni Yadi, in what security sources described as one of the deadliest assaults on the facility in recent years. The Nigeria Police Force confirmed the casualties following the attack in Yobe State,

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Nigeria, U.S. Forces Kill ISIS Global No. 2 in Joint Operation

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Washington/Abuja — Former United States President Donald Trump has claimed that American and Nigerian forces jointly carried out an operation in Nigeria that killed a senior ISIS figure identified as Abu-Bilal al-Minuki. In a statement shared online, Trump described the militant as the “second in command of ISIS globally” and said the operation was conducted

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MaryJoe Foundation Advocates Inclusive Migration Policies at UN’s IMRF 2026

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New York — MaryJoe Foundation participated in the Second International Migration Review Forum (IMRF 2026) at the United Nations, joining governments, international institutions, and civil society groups in discussions on global migration governance and migrant protection. Representing the organisation, Paola M. Güell said the foundation used the platform to advocate migration systems built on human

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FG Hails S&P Upgrade of Nigeria’s Credit Rating.

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Abuja — The Federal Government has welcomed the decision by S&P Global Ratings to upgrade Nigeria’s sovereign credit rating from ‘B-’ to ‘B’ with a Stable Outlook, describing the development as growing international validation of the country’s economic reform programme under President Bola Ahmed Tinubu. In a statement issued on Friday, Finance Minister Taiwo Oyedele

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S&P Upgrades Nigeria’s Credit Rating to ‘B’ in First Sovereign Upgrade Since 2012

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Higher oil prices, refining gains and economic reforms boost investor confidence Abuja — S&P Global Ratings has upgraded Nigeria’s sovereign credit rating to ‘B’ from ‘B-’, marking the country’s first rating upgrade in 14 years and delivering a major endorsement of President Bola Tinubu’s economic reform programme. The ratings agency said the upgrade reflects improving

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Africa Forward Summit Demands Global Financial Reform

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Nairobi — African leaders, economists, and policymakers at the Africa Forward Summit in Nairobi have issued renewed calls for sweeping reforms to the global financial system, arguing that current lending and capital structures are obstructing Africa’s industrialisation and long-term development ambitions. The summit brought together delegates from 54 African countries alongside international financial stakeholders, with

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Asia-Pacific Markets Torn: Diplomatic Optimism Battles Iran War Anxiety

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Asia-Pacific Markets — Asia-Pacific markets closed mixed on Wednesday as investors reacted to stronger-than-expected U.S. inflation data, elevated oil prices, and uncertainty surrounding the fragile ceasefire linked to tensions involving Iran. Investor attention also remained fixed on the anticipated diplomatic engagement between U.S. President Donald Trump and Chinese President Xi Jinping, with markets watching closely

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Nvidia Climbs Ahead of Earnings as AI Rally Continues to Power Tech Stocks

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Tech & AI Markets — Shares of NVIDIA gained more than 2 percent on Wednesday as investor enthusiasm around artificial intelligence and semiconductor demand continued to lift technology stocks ahead of the company’s highly anticipated earnings report next week. The rally was supported in part by Nvidia CEO Jensen Huang joining U.S. President Donald Trump

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