Equities Mixed as Market Cap Slips, ETPs Outperform

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Nigeria’s financial markets closed mixed on Thursday with equities easing slightly, fixed income marginally higher, and Exchange-Traded Products (ETPs) delivering the strongest performance of the day. Equity capitalization declined by 0.52 percent to ₦105.88 trillion, despite the benchmark All-Share Index firming to 166,256.83 points. Fixed income instruments advanced by 0.09 percent to ₦51.63 trillion, while […]

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EFCC Links Banks, Fintechs to N18.7bn Fraud in Airline Discount, Investment Schemes

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The Economic and Financial Crimes Commission (EFCC) has accused a new generation bank and six Fintech and microfinance institutions of enabling fraudsters to move a combined N18.7 billion in two major scams targeting both Nigerians and foreign travelers. Speaking in Abuja on Thursday, January 22, 2026, the EFCC’s Director of Public Affairs, Commander CE Wilson

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What Putin’s $1bn Pledge Means for Trump’s Peace Board and the Future of Conflict Mediation

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When Russian President Vladimir Putin announced Moscow’s readiness to commit $1 billion to U.S. President Donald Trump’s proposed “Board of Peace,” many observers dismissed it as yet another headline in the theatre of great-power diplomacy. It is more than that. The pledge, drawn from frozen Russian assets and attached to conditions linked to a possible

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Nigeria Prioritises Domestic Capital, Signals Reduced Reliance on External Borrowing

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Nigeria’s Finance Minister, Wale Edun, says the federal government intends to intensify domestic resource mobilisation and reduce dependence on external borrowing as part of its current fiscal strategy. In an interview with Bloomberg Television at the World Economic Forum in Davos on Tuesday, Edun said that while Nigeria retains access to international bond markets, the

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Is the End of the Road Near for Pep Guardiola at Manchester City?

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Mohammed Abdulhammed Manchester There are good football managers, and then there is Pep Guardiola — a coach whose influence has reshaped modern football and whose success has set standards few may ever match. From Barcelona to Bayern Munich and now Manchester City, the Spanish tactician has built dynasties, broken records, and redefined how elite teams

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U.S. Under Secretary Hooker Begins Diplomatic Tour in Nigeria, Gulf States and Italy

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United States Under Secretary of State for Political Affairs Allison Hooker has embarked on a nine-day diplomatic mission spanning Nigeria, Oman, Bahrain, and Italy from January 21–29. Hooker’s first stop is Abuja, where she is leading the U.S. delegation at the U.S.–Nigeria Joint Working Group. Discussions will center on protection of Christian communities, counter-terrorism cooperation,

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The UN at the Brink: America First, Rising Revisionism, and the Return of Power Politics

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The League of Nations did not disintegrate overnight. It decayed as major powers abandoned collective security and returned to the raw calculus of coercion. The United Nations, built in 1945 to correct that failure, appeared more resilient. It survived ideological confrontation during the Cold War, enabled decolonization, and furnished global governance with humanitarian and development

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Trump Drops Tariff Threat After Reaching Outline of Greenland Deal With NATO

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U.S. President Donald Trump on Wednesday withdrew a threat to impose tariffs on several allied nations over their stance on Greenland, saying he had reached the outlines of a deal with NATO concerning the island’s future. Trump announced the reversal on social media, citing an “understanding” following discussions with NATO Secretary-General Mark Rutte. He did

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Kurmin Wali Abductions: Inside the Church Attacks That Exposed Nigeria’s Deepening Security Breakdown

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Kurmin Wali, Kajuru LGA | Kaduna State The mass abduction of worshippers from three churches in Kurmin Wali community, Kajuru Local Government Area of Kaduna State, has once again laid bare the scale, complexity, and human cost of Nigeria’s worsening security crisis — one marked not only by violence, but by official confusion, delayed responses,

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