Politics
Nigerian Banking Stocks Sustain Positive Momentum-Despite N139bn Bourse Dip (Details)
Following a N139 billion dip in the Nigerian Exchange Limited on the first trading day after Christmas, banking stocks retained their upward trajectory….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

The All-Share Index and market capitalization saw a 0.34% decline to 73,768.64 and N40.367 trillion, respectively, with the year-to-date gain slipping to 43.94%.
Contrastingly, the banking index on the NGX exhibited a marginal increase from 887.60 to 889.15. Notable performers in the banking sector included FCMB Group (4.79% rise), Fidelity Bank (0.95% increase), Guaranty Trust Holding Company Plc (0.50% gain), and Jaiz Bank Plc (8.75% surge). Unity Bank, Zenith Bank, and Access Holdings also experienced positive movements.
On the downside, Stanbic IBTC Holdings, Sterling Financial Holdings, FBN Holdings, and United Bank for Africa faced share value declines. Market breadth leaned towards positivity, witnessing 40 gainers and 21 losers.
Despite sell-offs in stocks such as UAC Nigeria, DEAPCap, Caverton, Royal Exchange, and Tantalizer, the Insurance index led gainers with a 3.06% increase. Improved trading activity saw total deals and traded volume rise by 40.55% and 2.27%, reaching 8,901 trades and 432.91 million units. However, traded value declined by 21.99% to N12.94 billion.
Jaiz Bank emerged as the most traded security by volume, while Geregu led in traded value at N6.06 billion. Notable gainers included Eterna, Axa Mansard, and Multiverse TERNA, with gains of 10%, 9.96%, and 9.95%, respectively.
In response to concerns about a potential run on banks following the CBN special investigator report, visits to bank branches revealed normal operations, with the CBN reassuring the public about the safety of deposits. The central bank emphasized that Nigerian banks remain secure and encouraged the public to carry on with regular activities without alarm.
latest
Dangote, Fintiri, Traditional Rulers Attend Bamanga Tukur’s Burial
Alhaji Bamanga Tukur, a former Governor of the defunct Gongola State and one-time National Chairman of the Peoples Democratic Party (PDP), was laid to rest on Sunday in Yola following funeral prayers at the Lamido of Adamawa’s Palace Mosque. The Janazah prayer commenced shortly before 11 a.m. with thousands of mourners, government officials, and dignitaries present. High-profile attendees included industrialist Aliko Dangote and the Emir of Adamawa, Barkindo Aliyu Musdafa, alongside various traditional rulers. Following the prayers, Tukur’s body was interred at his late father’s family compound near the Lamido Palace in accordance with Islamic rites.....KINDLY READ THE FULL STORY HERE▶
Adamawa State Governor Ahmadu Fintiri headed a government delegation to the rites, eulogizing Tukur as a mentor, father, and “Iroko tree” who served Nigeria exceptionally across multiple capacities, from the NPA to the PDP Secretariat. In observance of a three-day mourning period declared after Tukur’s passing on Saturday, Governor Fintiri designated Monday, September 14, 2026, as a work-free day. Dangote praised the late statesman as a pioneer of Northern Nigerian private enterprise, while former Adamawa Governor Senator Jibrilla Bindow remembered him as an invaluable political counselor.
Tukur passed away in Abuja on Saturday, September 12, 2026, just days ahead of his 91st birthday, after which his body was flown to Yola and kept overnight at his Jimeta private residence. Born on September 15, 1935, he is survived by two wives and 18 children, which includes Alhaji Awwal Tukur, the current Secretary to the Government of Adamawa State.
latest
The Ultimate Diplomatic Triumph: Ikpeazu Storms Spain In Grand Style, Officially Presenting Letters Of Credence As Nigeria’s New Ambassador!.
Okezie Ikpeazu, the former Governor of Abia State, has officially submitted his Letters of Credence to King Felipe VI of Spain.....KINDLY READ THE FULL STORY HERE▶
This formal act solidifies his position as the diplomatic representative of the Federal Republic of Nigeria in the Kingdom of Spain. President Bola Tinubu approved Ikpeazu’s posting on March 6 alongside 64 other ambassadors, following their confirmation by the Senate last December.
Current Abia State Governor Alex Otti has congratulated his predecessor on the appointment, noting the significance of the role in serving the nation’s diplomatic interests and protecting Nigerian citizens within Spain.
Watch video
latest
The Ultimate Fashion Storm: Peter Obi’s Wife Sparks Massive National Outrage Over Jaw-Dropping N200M Luxury Handbag!.
A luxury handbag reportedly carried by Margaret Obi, wife of the 2027 Nigerian Democratic Congress (NDC) presidential candidate, Peter Obi, has ignited a firestorm on social media.....KINDLY READ THE FULL STORY HERE▶
The controversy began after a video circulated online showing Margaret with a handbag identified by users as a Hermès Kelly 35 in Malachite. Online commentators estimate the bag’s value at approximately N237 million. This high price tag has drawn varied reactions from Nigerians, with some condemning the purchase as excessive, while others defend her right to buy what she can afford.
Public figures have also weighed in on the debate. Lere Olayinka, media aide to FCT Minister Nyesom Wike, criticized Peter Obi for projecting a modest public image that contrasts with his family’s reported lifestyle. In a post on X, Olayinka argued that it is hypocritical for Obi to solicit campaign donations from ordinary citizens while his wife carries a handbag worth the equivalent of 250,000 of those donations. He stated, “If as a private citizen, the wife of a supposed prudent man can buy a single bag worth over N250m, you can do a guess as to the cost of bags she will buy with public funds.”
Popular media personality Daddy Freeze also commented, stating that he has no issue with Margaret Obi owning a luxury bag, given her husband’s status as a billionaire. However, he questioned Peter Obi’s oft-repeated claims of owning only one pair of shoes and a single wristwatch, suggesting a discrepancy between his declared extreme modesty and his actual lifestyle. “The only problem I have with him is he says he only has one shoe and one watch, but when you put yourself in a certain light, and things around you don’t seem to add to that light, there is a problem,” he said in a video.
Human rights lawyer Deji Adeyanju, however, dismissed the criticism as “unnecessary,” noting that Peter Obi is “very rich.” While not seeing an issue with the bag itself, Adeyanju pointed out that the public backlash is rooted in the perception of a performative and deceptive political image. “There’s really nothing wrong in the woman carrying this bag but they have deceived so many people about not giving shishi that many Nigerians are disgusted by their lifestyle,” he wrote on X. “Be yourself Mr. Obi and stop the drama and acting.”
-
latest1 year ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest3 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest3 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
