The Federal Government said on Wednesday that the removal of petrol subsidy and the unification of the foreign exchange market generated N15.8tn in additional resources for the Federation between June 2023 and December 2025, with states and local governments receiving the larger share of the amount. The government, how…
…the timing, size and final structure of the IPO have yet to be determined.A report by Punch said a $4 billion valuation would represent a major increase from the $2 billion valuation OPay achieved after raising $400 million in a 2021 funding round led by SoftBank.The fintech was later valued at approximately $3.1 billi…
…during the fight, which lasted around 20 minutes. "After (an opposing player) threw a punch, I blocked it. Then they just jumped on me, all of them. Then that's when my brother jumped in, too," he said. Jeanpaul recalled the horror of seeing his brother defenseless and being mercilessly beaten during the attack. "I tri…
Armed police and soldiers on Wednesday blocked retired military personnel from converging in front of the Ministry of Defence in Abuja, where the ex-servicemen had gathered to protest the non-implementation of consequential adjustments to their pensions. Credit: Solomon Odeniyi The protesters had attempted to move towa…
Operatives of the Anti-Robbery Team of the Ogun State Police Command have arrested two suspected members of an armed robbery syndicate and recovered three locally made pistols and 18 live cartridges from them. The suspects, Adeyinka Onakomaya, 46, and Olayiwola Kehinde, 48, were arrested during a follow-up investigatio…
The Kano State Government has signed a Memorandum of Understanding with the Aliko Dangote Foundation for the takeover and management of the Aliko Dangote Skills Acquisition Centre for a period of 20 years. This was contained in a statement by the Governor’s Spokesman, Sanusi Dawakin-Tofa, on Tuesday. According to the s…
…Haram gunmen murder 8 in shocking Adamawa assault. Photo >As reported by The Punch, he stated this during a telephone interview on Tuesday, August 18, 2026PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!"The attackers came on the night of Monday and launched a bloody attack on two house…
Airtel Africa Plc has formally announced the purchase and planned cancellation of 927,133 of its ordinary shares, acquired between 10 and 14 August 2026, as part of its ongoing share buyback initiative. Executed through Barclays Capital Securities Limited, the transactions took place across several major trading venues…
Nigeria’s 36 states and the Federal Capital Territory have increased their combined budgets by 47.5 per cent, from N27.22tn in 2025 to N40.14tn in 2026. Despite the significant increase in overall spending, the proportion allocated to capital projects has declined, raising concerns about the potential impact on infrast…
Former National Assembly member, Babafemi Ojudu, has queried the Federal Government on how the Akure-Ado Ekiti dual carriageway project suddenly turned to a refurbished single carriageway project. The former presidential political adviser, who said that the road project was awarded as a dual carriageway, expressed disa…
Chief Executive Officer of Coronation Registrars Limited, Oluseyi Owoturo, has emphasised that the sustainable growth and expansion of Nigeria’s capital market depend heavily on purpose-driven innovation that resolves operational friction and elevates the overall investor experience. Speaking following the firm’s recog…
…mounting opposition to the process and calling for reforms before the polls, The PUNCH reports. NFF president Ibrahim Gusau, who was elected at the federation’s elective congress in Benin City in September 2022, is seeking a second term in office amid growing criticism of his administration. The Super Eagles failed to…
The First Lady, Senator Oluremi Tinubu, on Tuesday launched the National Community Food Bank Programme for the South-West zone in Makun, Sagamu, Ogun State. She affirmed that the programme aligned with President Bola Tinubu’s Renewed Hope Agenda, aimed at advancing food security, improving health outcomes and building …
The United States has imposed sanctions on International Criminal Court President, Tomoko Akane, and senior trial lawyer, Abdoulaye Seye, Secretary of State Marco Rubio said on Tuesday, escalating the Trump administration’s campaign against the Hague-based court. Akane, a Japanese judge who heads the ICC, and Seye, a S…
Rivers State Governor, Siminalayi Fubara, has said the limited time left in his tenure will not stop his administration from delivering quality projects that will improve the lives of residents. Fubara said his administration would continue to provide critical infrastructure and address pressing development needs befor…
Political parties, presidential and National Assembly candidates on Tuesday signed the First National Peace Accord on issue-based campaigns for the 2027 general elections. The parties and the candidates pledged to shun violence, hate speech, personal attacks, misinformation and other forms of conduct capable of undermi…
United States Congressman Riley Moore has said the US Department of State cannot lift Nigeria’s designation as a Country of Particular Concern over continued attacks on Christians in the country’s Middle Belt. Moore, a Republican representing West Virginia’s 2nd Congressional District, stated this on Tuesday in a post …
Presidential candidates and national chairmen of major political parties on Tuesday signed the first National Peace Accord ahead of the 2027 general elections in Abuja. The accord was signed on behalf of President Bola Tinubu by the Secretary to the Government of the Federation, George Akume, alongside the All Progress…
African Action Congress presidential candidate, Omoyele Sowore, on Tuesday dismissed the National Peace Accord to be signed by presidential candidates ahead of the 2027 general election as a mere ritual. He cited the deaths of 50 people in Osun State’s August 15 governorship election as proof that similar pacts have fa…
The National Drug Law Enforcement Agency has dismantled an international cocaine trafficking cartel that allegedly used Nigeria as a transit hub for moving illicit drugs to the United Kingdom, other parts of Europe and Asia. The agency also arrested the alleged Nigerian arrowhead of the syndicate, a self-styled luxury …
…2026. The Chairman of Hong Local Government Area, Aliyu Sa'ad, confirmed the attack to punch on Tuesday. Sa'ad said the attackers invaded the community at night, set two houses ablaze and k!lled eight people. "The attackers came on the night of Monday and launched a bloody attack on two houses, burnt the houses and k!l…
The Minister of Defence, Gen. Christopher Musa (retd.), has warned security agencies against relying on last-minute deployments for election security. According to him, securing elections cannot be achieved through last-minute security deployments, insisting that lasting election security requires months of intelligenc…
The Minister of the Federal Capital Territory, Nyesom Wike, has said Governor Ademola Adeleke of Accord Party won the recent Osun State governorship election because President Bola Tinubu allowed the poll to be free and fair. Wike made the declaration while speaking during an inspection tour of flood-affected areas in …
The United States Coast Guard has lifted the 12-year Condition of Entry imposed on vessels arriving in the United States from Nigeria, the Federal Government has announced. Minister of Marine and Blue Economy, Adegboyega Oyetola, announced the development on Tuesday in a statement posted on his X handle. The Condition …
The Federal Competition and Consumer Protection Commission has flagged possible manipulation of cement prices in Nigeria following a three-month investigation into the rising cost of the building material despite the country’s substantial production capacity and limestone deposits. The commission said its preliminary f…