Author: Press Room

In SummaryThe market capitalization of the African stock market is projected to reach $1.42 trillion by the end of 2025.The stock indices in Africa are anticipated to demonstrate an annual growth rate (CAGR 2025-2026) of 5.99%, leading to a projected total of $1.51 trillion by 2026.The total market volume within the Stock market in Africa is expected to reach $343.67 billion in 2025, with Nigeria’s NGX All-Share Index surging over 32%, outpacing every other market on the continent.Deep Dive!!Africa’s financial markets are gaining renewed momentum in 2025, with several stock exchanges outperforming expectations amid a challenging global economic climate. While…

• Demand lift of emergency, Ibas’ exit• Don’t touch N1.48trn budget, your job is over, activist says Residents of Rivers State have urged the suspended Governor of the state, Siminalayi Fubara, to make public the conditions for the peace deal he entered with the Minister of Federal Capital Territory (FCT), Nyesom Wike. The residents insisted that the situation was no longer about Fubara and Wike, but about the entire citizens of the state; hence, the need to inform them the cost for the reconciliation. The people also tasked President Bola Tinubu to lift the State of Emergency declared in the…

The Nigeria Customs Service (NCS) has emphasised the role of data-backed storytelling in promoting public trust. This was part of a discussion when the National Public Relations Officer and Assistant Comptroller (NCS) Abdullahi Maiwada, alongside officers from the Public Relations Unit, hosted Celestine Achi, an Artificial Intelligence strategist and digital consultant, who presented a book. Maiwada expressed gratitude for the visit and the book’s presentation, describing it as a welcome addition to the service’s knowledge resources. “The Nigeria Customs Service believes that storytelling backed by data and powered by modern technology is a strategic tool for deepening public trust. We…

• Indigenes commend APC, Tinubu, others over support for new state As the National Assembly intensifies effort to amend the Constitution, Senator Ned Nwoko is not leaving any stone unturned in reaching out to his colleagues in the upper legislative chamber to ensure the creation of Anioma state. Already, Nwoko has obtained the signatures of no fewer than 85 senators to achieve the objective. In the letter dated May 27, 2025, and addressed to the Senate President and all members of the Senate, Nwoko sought for their endorsement and support for the creation of Anioma State – a constitutional proposal…

A Ghanaian court has ordered the deportation of a 56-year-old Nigerian, Aremu Timothy Adegboyega, after convicting him of smuggling counterfeit CFA francs worth over $100,000 into the country through an illegal border crossing. The ruling was delivered by Justice Christiana Cann of the Circuit Court in Accra, who directed the Ghana Immigration Service to carry out the deportation immediately following the conviction. Adegboyega was arrested in 2023 at Beat Zero, an unapproved entry point near the Aflao border, while riding as a passenger on a motorcycle. Customs officers who conducted a search found large bundles of currency suspected to be…

• APC claims five govs set to defect, dismisses opposition coalition• No victor, no vanquished, PDP, Nigerian democracy won, says Saraki Following a stormy lead-up to what some analysts viewed as a make-or-break National Executive Committee (NEC) meeting, prominent leaders of the Peoples Democratic Party (PDP) yesterday expressed optimism about the party’s prospects as a formidable political organisation. The acting National Chairman, Umar Damagum, at the 100th NEC meeting, highlighted the progress made in reconciling party members, stating, “To our detractors who thought this meeting would be rancorous and mark the end of the party, we have disappointed them. This…

The former Secretary General of the Arewa Consultative Forum (ACF), Elder Anthony Sani, has criticised an ex-governor of Nasarawa State, Abdullahi Adamu, for advocating for the governorship to be zoned to Nasarawa West. According to him, this suggestion can only overheat the polity and politics in the state unduly. In a statement, Sani said, “When I read and heard Governor Abdullahi Adamu canvassing for zoning to start in Nasarawa West, popularly known as Keffi zone, I saw no wisdom for his position, which can heat the polity and politics unduly.” He pointed out that “this is because allowing all aspirants…

Sodiq Ojuroungbe Amid growing concerns over the proliferation of unlicensed cosmetic clinics and increasing cases of skin complications resulting from unsafe procedures, stakeholders in the health sector have called for urgent reforms in dermatological practice and public awareness. This call was made during the just-concluded annual conference of the Nigerian Association of Dermatologists held in Lagos. The conference, themed “Bridging the Gap: Dermatology and Global Health”, brought together medical professionals, government officials, and health policy experts who collectively highlighted the threat posed by the rising number of untrained individuals carrying out advanced aesthetic procedures. Speaking at the event, the Special…

Presidential candidate of the Labour Party (LP) in the 2023 general election, Peter Obi, has declared his intention to contest the 2027 poll, underscoring his belief in the fair rotation of power between North and South. The former governor of Anambra State laid to rest growing speculations about a possible alliance, firmly stating that he had no agreement with former Vice President Atiku Abubakar on any joint ticket for 2027. In a gripping live interaction with supporters on X Space Sunday night, Obi reaffirmed not only his presidential ambition but his resolute commitment to serve just one term if elected,…

The Asset Management Corporation of Nigeria (AMCON) has made available several properties for sale across key locations, including Lagos, Abuja, Oyo, Plateau, and Rivers states. This move is part of AMCON’s ongoing efforts to manage and resolve non-performing assets acquired from financial institutions. An advertorial published on Monday in ThisDay Newspaper detailed the properties being offered to the public, which range from commercial office complexes to residential buildings and warehouses. The agency stated that these properties will be sold through a competitive bidding process, with bids due by July 11. AMCON assured that the schedule for bid openings will be…