Government caps jet fuel prices and grants 30-day credit to airlines

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April 28, 2026

Keypoints

Dr. Onah Chidiebere, a neonatal specialist, is advocating for immediate access and specialized training following the WHO’s prequalification of the first malaria treatment for infants under five kilograms.
The breakthrough drug, a specific formulation of artemether-lumefantrine, was announced by the WHO on April 24, 2026.
Previously, infants weighing between two and five kilograms were often treated with medicines designed for older children, leading to risks of toxicity and dosing errors.
The expert warned that scientific milestones must be supported by “deliberate policies” to ensure the drug reaches vulnerable populations in countries like Nigeria.
Chidiebere emphasized that newborns are a high-risk group due to immature immune systems and historical exclusion from clinical trials.

Main Story

A major gap in global pediatrics has finally been bridged, but experts warn that the real work begins now.

On Tuesday, April 28, 2026, Lagos-based pediatrician Dr. Onah Chidiebere hailed the WHO’s prequalification of a new artemether-lumefantrine formulation, the first antimalarial specifically designed for newborns and infants weighing as little as two kilograms.

For years, medical professionals were forced to adapt older children’s medications for fragile infants, a practice that carried significant risks of over-dosing or harmful side effects.

Dr. Chidiebere noted that while the scientific achievement is historic, its impact on neonatal mortality depends on how quickly it is integrated into national health systems.

He called for an immediate update to clinical guidelines and intensive training for health workers, especially those in neonatal intensive care units (NICUs).

Because malaria can progress with devastating speed in infants, the goal is to move this treatment from global approval to local clinic shelves before the next peak malaria season.

The Issues

The primary challenge is the dosing-accuracy gap; while the new medicine solves the formulation problem, health workers must be retrained to move away from the “improvised” methods they have used for decades. Authorities must solve the problem of procurement-delays, as prequalification does not automatically mean the drug is available in rural Nigerian hospitals. Furthermore, there is a diagnosis-complexity risk; malaria in newborns is often difficult to detect because symptoms can mimic other neonatal infections. To succeed, the Ministry of Health must pair the rollout of this drug with improved diagnostic tools specifically validated for use in infants under five kilograms.

What’s Being Said

“The breakthrough must be matched with deliberate policies to ensure availability and correct usage,” stated Dr. Onah Chidiebere.
Chidiebere warned that without a structured rollout, “longstanding treatment gaps… might persist in spite of the scientific milestone.”

What’s Next

The National Malaria Elimination Programme (NMEP) is expected to review the WHO prequalification and begin the process of updating national treatment guidelines.
Pharmaceutical distributors are anticipated to begin importing the new formulation once the National Agency for Food and Drug Administration and Control (NAFDAC) gives final local clearance.
Training sessions for pediatric nurses and community health workers are likely to be organized to ensure they understand the specific dosing for the 2kg–5kg weight bracket.
Research institutions may begin observational studies to track the real-world efficacy and safety of the new drug among Nigerian newborns in diverse clinical settings.

Bottom Line

The arrival of a malaria treatment specifically for newborns is a “scientific milestone” that could save thousands of lives. However, as Dr. Chidiebere points out, a drug that stays in a warehouse is as ineffective as no drug at all; Nigeria must now turn this global breakthrough into a local reality.

New firms take over airtime and data lending as MNOs exit the market

Ghana rejects U.S. health deal over data privacy and funding terms

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April 28, 2026

Keypoints

Ghana has reportedly declined a bilateral health agreement with the Trump administration, marking a significant setback for the “America First Global Health Strategy.”
Sources indicate that Ghanaian authorities were particularly concerned about terms requiring the sharing of sensitive national health data with the U.S.
The proposed deal involved $109 million in U.S. assistance over five years, a sharp decrease from the $96 million Ghana received for health in 2024 alone.
The new U.S. strategy requires recipient nations to “co-invest” and transition toward self-reliance, following the dismantling of USAID earlier this year.
While 32 other nations have signed similar deals totaling $20.6 billion, Accra allowed the April 24 deadline to pass without an agreement.

Main Story

The partnership between Washington and Accra has hit a diplomatic wall. In a move that highlights growing tension over the Trump administration’s overhaul of foreign aid, Ghana has rejected a five-year health pact.

The deal was part of the “America First Global Health Strategy,” a policy launched in September to shift the burden of fighting diseases like HIV/AIDS and malaria from the U.S. taxpayer to the recipient nations.

Negotiations, which began in November, reportedly soured as Washington increased pressure to meet an April 24 deadline. Beyond the financial shift, which would have seen Ghana’s annual health aid drop significantly compared to 2024 levels the “stumbling block” was a requirement for Ghana to share sensitive health data.

Ghanaian officials reportedly viewed this as an infringement on national sovereignty. With USAID now dismantled, these bilateral MOUs have become the primary vehicle for U.S. health diplomacy, but Ghana’s refusal suggests that the “self-reliance” model may face stiff resistance from traditional African allies.

The Issues

The primary challenge is the funding-gap risk; by asking “poorer nations” to co-invest while simultaneously cutting U.S. aid totals, the strategy may leave critical programs for tuberculosis and polio underfunded if the recipient country cannot fill the vacuum. Authorities must solve the problem of data-sovereignty, as many nations are becoming increasingly protective of their citizens’ biological and health information in an era of digital surveillance. Furthermore, there is a diplomatic-friction risk; with 32 countries already signed on, Ghana’s rejection could embolden other nations to push back against the “America First” terms. To succeed, the U.S. State Department may need to decouple technical data sharing from the financial assistance required to keep global health networks functioning.

What’s Being Said

“Authorities however balked at terms requiring the sharing of sensitive health data,” the source familiar with the negotiations stated.
A U.S. State Department spokesperson noted that Washington has already signed 32 deals representing $20.6 billion in funding, including $7.8 billion from recipient countries.

What’s Next

Ghana is expected to seek alternative funding partners, potentially looking toward the European Union or private global health foundations to cover the $109 million gap.
The U.S. State Department is anticipated to announce additional MOU signings with other nations in the coming weeks to maintain the momentum of the “America First” strategy.
Health experts will likely monitor Ghana’s malaria and HIV/AIDS programs closely to see if the lack of a U.S. deal leads to a dip in medical supplies or personnel.
A debate is expected to arise within the African Union regarding collective bargaining for health aid to prevent individual nations from being pressured into unfavorable data-sharing terms.

Bottom Line

Ghana’s “No” is a clear signal that even in need of aid, some nations are not willing to trade their data or sovereignty for a smaller check. As the U.S. moves further away from the traditional USAID model, the success of global health security may depend on finding a middle ground between “America First” and the practical needs of the nations on the front lines of disease.

New firms take over airtime and data lending as MNOs exit the market

Petrol and diesel prices surge as geopolitical tensions disrupt supply

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April 28, 2026

Nigeria Reports ₦927.16bn Trade Surplus In Q1 2023

Keypoints

The average retail price of petrol in Nigeria jumped by 22.55 per cent in one month, rising from N1,051.47 in February to N1,288.54 in March 2026.
Diesel prices followed a similar upward trend, increasing by 16.05 per cent month-on-month to reach an average of N1,648.08 per litre.
Anambra State recorded the highest petrol price at N1,441.22 per litre, while Ebonyi saw the highest diesel cost at a staggering N2,262.29.
Economists attribute the sharp increase to the US-Iran war and the closure of the Strait of Hormuz, which has significantly pushed up global Brent crude prices.
Experts warn that the rising cost of fuel is driving up transportation expenses and could trigger a new wave of inflation across the country.

Main Story

Nigerian consumers and businesses are facing a fresh wave of economic pressure as fuel prices soared in March 2026.

According to the latest Price Watch reports from the National Bureau of Statistics (NBS) released on Tuesday, April 28, the cost of both petrol and diesel has moved significantly upward. Petrol, which averaged roughly N1,051 in February, surged to nearly N1,289 in March, while diesel crossed the N1,600 mark.

The primary driver behind this spike is not domestic, but global. Geopolitical instability in the Middle East, specifically the escalating US-Iran conflict—has led to the closure of the Strait of Hormuz, a critical chokepoint for global oil shipments.

This disruption has sent Brent crude prices climbing, and as a result, the landing cost of refined products in Nigeria has skyrocketed. Economists like Opeyemi Alabi warn that with petrol already selling for as high as N1,600 in some regions, the ripple effect on food prices and general services will be felt by every household in the coming months.

The Issues

The primary challenge is the supply-chain-vulnerability gap; because Nigeria remains heavily dependent on imported refined petroleum, any conflict in the Middle East immediately translates into higher prices at local pumps in Lagos or Abuja. Authorities must solve the problem of transportation-inflation, as the 22 per cent jump in petrol prices is already being passed on to commuters and traders, making basic goods more expensive. Furthermore, there is a regional-price-disparity risk; the fact that a litre of diesel costs N2,262 in Ebonyi but only N1,383 in Kogi suggests significant logistical bottlenecks and possible price gouging in certain zones. To succeed, the government must accelerate domestic refining capacity to buffer the country against these external global shocks.

What’s Being Said

“The US-Iran war has disrupted supply chains and pushed Brent crude oil prices higher significantly,” stated economist Opeyemi Alabi.
Alabi added that the closure of the Strait of Hormuz has had “clear ripple effects” on the rising fuel and diesel prices witnessed in Nigeria.

What’s Next

Market analysts expect petrol and diesel prices to remain volatile as long as the conflict in the Middle East remains unresolved.
The Central Bank of Nigeria (CBN) is anticipated to monitor these energy costs closely to determine if further interest rate adjustments are needed to curb the expected spike in inflation.
Logistics and transport companies are likely to announce upward reviews of their fares and freight charges to cover the increased cost of diesel.
There will be renewed pressure on the government to ensure that local refineries like Dangote and the Port Harcourt refinery are operating at peak capacity to reduce reliance on the disrupted global market.

Bottom Line

The surge in March fuel prices is a reminder that Nigeria’s economy is deeply tied to global stability. While the price of petrol has increased by 22 per cent in just 30 days, the real cost will be measured in the rising price of bread, transport, and electricity as the country navigates this global energy crisis.

UNICEF warns Afghanistan could lose over 25,000 female professionals in education, healthcare by 2030.

Shortage of doctors fueling public health crisis, says APHPN President

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April 28, 2026

Cross River Doctors Withdraw Services Over Kidnap Of Colleague

Keypoints

Dr. Terfa Kene, President of the Association of Public Health Physicians of Nigeria (APHPN), warns that the country lacks enough public health specialists because of a massive overall shortage of medical doctors.
The shortage has forced a reliance on task shifting, where community health extension workers perform duties originally meant for medical officers of health.
Brain drain remains a significant factor, with Kene describing a leakage in the professional pipeline as doctors migrate for better global opportunities.
While APHPN has over 3,000 registered members, the total number of practitioners nationwide remains unknown due to registration gaps and data limitations.
The association has announced plans for a national secretariat and a telemedicine hub to provide free or low-cost consultations to underserved and hard-to-reach areas.

Main Story

Nigeria’s frontline defense against epidemics is facing a critical manpower shortage. In an interview in Abuja on Tuesday, April 28, 2026, APHPN President Dr. Terfa Kene explained that the country cannot produce enough public health physicians because the foundation; the supply of general medical doctors is crumbling.

Since one must first be a doctor to specialize in public health, the national deficit of medical professionals has created a bottleneck that leaves communities vulnerable.

Public health physicians are the backbone of preventive care, working in universities, local governments, and NGOs to manage disease outbreaks and health policy.

However, Dr. Kene noted that as quickly as Nigeria trains these specialists, they are lost to the “global village” as they seek better working conditions abroad.

To bridge this gap, the association is turning to innovation, planning a new national estate that will house a telemedicine center. This facility aims to use technology to project medical expertise into remote villages where a physical doctor might not be available.

The Issues

The primary challenge is the pipeline-leakage gap; Nigeria is essentially subsidizing the healthcare systems of wealthier nations by training doctors who migrate almost immediately after specialization. Authorities must solve the problem of task-shifting limitations, as community health workers, while valuable, do not have the advanced training required to manage complex public health policies or major epidemic responses.

Furthermore, there is a workforce-data risk; without an accurate record of exactly how many public health physicians are practicing, the government cannot effectively plan for future health emergencies. To succeed, the APHPN and the Ministry of Health must create a more attractive domestic environment—potentially through the welfare projects like the proposed national estate—to convince specialists that their future lies within Nigeria.

What’s Being Said

“You have to be a medical doctor before you become a public health physician. We don’t have enough doctors,” stated Dr. Terfa Kene.
Kene noted that because of the shortage, the system is “doing task shifting” where community health officers fill the gaps left by doctors..

What’s Next

The APHPN is expected to launch a formal fundraising campaign for its national secretariat and telemedicine hub to improve member welfare and service delivery.
The association is anticipated to work on a comprehensive digital registry to finally close the data gap and determine the exact number of practitioners in Nigeria.
Public health experts are likely to advocate for improved rural incentives to encourage specialists to work at the local government level rather than staying in urban centers or moving abroad.
Telemedicine pilot programs are expected to be tested in identified hard-to-reach areas once the association’s new technological devices are deployed.

Bottom Line

Nigeria’s public health system is currently running on “borrowed time” by relying on lower-level health workers to do the jobs of specialized physicians. Dr. Kene’s call for a national secretariat and a telemedicine network shows that the association is trying to build its own infrastructure to survive the brain drain, but the root cause—the shortage of basic medical doctors—remains a hurdle that only significant government reform can clear.

Trump rejects Tehran’s latest peace bid over nuclear omissions

New firms take over airtime and data lending as MNOs exit the market

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April 28, 2026

Keypoints

Following new regulations, major Mobile Network Operators (MNOs) like MTN and Airtel have suspended their internal borrowing services (e.g., MTN Xtratime).
The Federal Competition and Consumer Protection Commission (FCCPC) has approved five independent firms to take over digital airtime and data lending.
The approved firms are Total TIM Nigeria Limited, Rane Interactive Medien CLS Limited, Mode NG Applications Nigeria Limited, Cloud Interactive Associate Limited, and Coverage Broadband Limited.
These changes comply with the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025.
Subscribers are calling for the new providers to offer lower interest rates, smaller loan sizes, and more flexible repayment windows.

Main Story

The era of borrowing airtime directly from your network provider is coming to an end in Nigeria. On Tuesday, April 28, 2026, subscribers in Lagos shared their expectations for the five private firms recently licensed by the FCCPC to take over these micro-lending services.

This shift comes after MNOs like MTN and Airtel phased out their own lending platforms to comply with the FCCPC’s 2025 lending regulations, which demand higher transparency and stricter consumer protection.

The FCCPC clarified that the service has not been banned; rather, it has been professionalized. By moving lending away from the telecom operators to specialized digital lenders, the commission aims to eliminate “opaque charges” and aggressive recovery tactics.

The five approved firms—Total TIM, Rane Interactive, Mode NG, Cloud Interactive, and Coverage Broadband—must now prove they can manage millions of micro-loans without turning the service into a “debt trap” for low-income Nigerians.

The Issues

The primary challenge is the technical-integration gap; since users can no longer simply dial the old USSD codes like *606#, these new firms must find a way to integrate their services seamlessly into existing mobile workflows without frustrating the user. Authorities must solve the problem of interest-rate capping, as civil servants and students have expressed fears that independent firms might charge higher fees than the telecom operators did.

Furthermore, there is a digital-literacy risk; as Zainab, a teacher, pointed out, many users do not fully understand the “compound nature” of digital debt. To succeed, the new firms must prioritize user education and offer “micro-options” as small as N100 to N200 to ensure that even the poorest subscribers can stay connected to the digital economy.

What’s Being Said

“Let the firms always give us more time to repay. Life is unpredictable,” stated Hakim, an undergraduate.
The FCCPC maintained that the regulations were introduced to address “opaque charges and poor disclosure practices.”

What’s Next

The five approved firms are expected to launch their new USSD and App-based platforms in the coming weeks to replace the old MNO services.
The FCCPC is anticipated to monitor the initial interest rates set by these firms to ensure they remain within “fairness and accountability” guidelines.
Major banks and mobile wallets are likely to seek integration partnerships with these five firms to offer airtime lending directly through banking apps.
A public awareness campaign is expected to be rolled out by the NCC and FCCPC to explain to subscribers how the new lending process works and how to avoid debt traps.

Bottom Line

By moving airtime lending to specialized firms, Nigeria is trying to make digital credit safer and more transparent. However, for the average subscriber, the success of this reform won’t be measured by “regulations,” but by whether they can still borrow N200 for data at 2:00 a.m. without being buried in hidden fees.

Week 44 Pool Result for Sat 2, May 2026, UK 2025/2026

Nigeria’s envoy calls for African unity to mark Freedom Day in Johannesburg

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April 28, 2026

Keypoints

Nigeria’s Consul-General in Johannesburg, Ms. Ninikanwa Okey-Uche, emphasized African unity as the primary pathway to continental growth.
The message was delivered during the Freedom Day celebration held on Monday night, April 27, 2026, in Johannesburg.
Okey-Uche urged Africans to reject hate and discord, noting that divisions diminish the freedom the continent fought for.
She highlighted Nigeria’s historic role in the anti-apartheid struggle as evidence of the power of African solidarity.
The envoy called for deeper economic, social, and cultural cooperation to unlock the continent’s potential for future generations.

Main Story

Freedom is a collective achievement that must be guarded by unity, according to Nigeria’s top diplomat in Johannesburg.

Speaking at a ceremony to mark South Africa’s Freedom Day on Monday night, Consul-General Ninikanwa Okey-Uche reminded attendees that the victory over apartheid was not won in isolation but through the shared sacrifice of the entire continent.

She described the holiday as a celebration of the human spirit’s triumph over oppression.

Okey-Uche’s message focused heavily on the future, arguing that the continent’s modern challenges require a “collective resolve” similar to the one used during the liberation struggles.

Drawing on the legacy of Nelson Mandela, she noted that true freedom includes the responsibility to respect and enhance the freedom of others.

She reaffirmed Nigeria’s standing solidarity with South Africa, stating that the success of one African nation should be viewed as a win for all, especially as the continent strives for equitable economic development.

The Issues

The primary challenge is the unity-rhetoric gap; while diplomats often call for “brotherhood” during celebrations, the reality on the ground is often complicated by economic competition and xenophobic tensions. Authorities must solve the problem of localized discord, ensuring that the “shared history” mentioned by the envoy is taught to younger generations who may not remember the era of continental solidarity.

Furthermore, there is a regional-stability risk; if the continent’s two largest economies: Nigeria and South Africa do not lead by example in “deepening cooperation,” the vision for a just and equitable Africa remains a distant goal. To succeed, the ideals of Freedom Day must be translated into practical policies that protect migrants and encourage cross-border trade.

What’s Being Said

“Africans, united by destiny and heritage, must continue to rise above divisions and reject all forms of hate,” stated Ninikanwa Okey-Uche.
The envoy noted that the call for unity is now more urgent, as the continent’s strength lies in its “collective resolve” across all spheres.

What’s Next

Diplomatic missions are expected to hold follow-up bilateral meetings to discuss improving trade and social relations between Nigerian and South African citizens.
Cultural exchange programs are anticipated to be launched to celebrate the shared history of the two nations and reduce social friction.
African leaders are likely to use upcoming regional summits to address the “discord” mentioned by the envoy, focusing on unified responses to global economic pressures.
Educational initiatives may be proposed to further highlight the role of Frontline States and other African nations in the liberation of South Africa.

Bottom Line

The Consul-General’s message serves as a diplomatic plea for the continent to remember its roots. By linking Nigeria’s past support for South Africa to the current need for unity, she is making the case that the continent is only as free as its weakest link and only as strong as its level of cooperation.

Heritage Music Museum achieves milestone with completion of event center

Heritage Music Museum achieves milestone with completion of event center

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April 28, 2026

Keypoints

The Heritage Music Museum project, founded by the late Femi Esho, has reached a major milestone with the completion of its event hall.
Ms. Bimbo Esho, Managing Director of Evergreen Musical Company, announced the completion in Lagos on Tuesday, April 28, 2026.
The project received significant financial and moral backing from Dr. D.K. Olukoya, General Overseer of MFM and Patron of the Evergreen Music Heritage Foundation.
Once fully completed, the complex will feature a music museum, a library, an artist gallery, a recording studio, and a cinema.
The newly finished hall is designed to host live performances, album launches, and cultural gatherings, and even provides accommodation for artists.

Main Story

The vision of the late music icon Chief Femi Esho to immortalize Nigeria’s sonic history has taken a physical form.

His daughter, Ms. Bimbo Esho, revealed on Tuesday that the Heritage Event Hall, the first major component of the proposed Heritage Music Museum is now complete.

The facility, located in Lagos, serves as a bridge between Nigeria’s legendary musical past and its vibrant future, providing a dedicated space for live performances and cultural exchange.

The project’s progress was significantly accelerated by Dr. D.K. Olukoya, who has championed the cause of preserving Nigeria’s musical heritage following Chief Esho’s passing.

The completed hall is not just a stage; it is a specialized venue equipped for high-quality audio recordings, film screenings, and corporate events. Most notably, it includes lodging for performers, addressing a long-standing logistical challenge for artists involved in late-night productions.

The Issues

The primary challenge is the funding-completion gap; while the event center is a success, the most critical parts of the vision—the museum, the historical library, and the gallery of instruments—still require substantial investment. Authorities and private stakeholders must solve the problem of cultural-archiving, as many of Nigeria’s earliest musical recordings and physical artifacts are at risk of being lost to time without a temperature-controlled museum environment.

Furthermore, there is a commercial-sustainability risk; for the center to remain a “hub,” it must attract consistent bookings from both veteran highlife musicians and contemporary Afrobeats stars. To succeed, the foundation must turn this landmark into a primary tourist destination that generates enough revenue to complete the remaining gallery and library phases.

What’s Next

The Evergreen Music Heritage Foundation is expected to announce an official grand opening concert to showcase the new hall’s acoustics.
Fundraising efforts are anticipated to shift toward the acquisition and restoration of rare musical instruments for the museum phase.
The facility is likely to begin hosting album listening parties and cultural film screenings as early as next month.
Collaborative programs with universities and music historians are expected to be established to begin cataloging the library’s future collections.

Bottom Line

The completion of the Heritage Event Hall is a victory for Nigerian history. By creating a functional space for live performance first, the Esho family is ensuring the project can breathe and generate interest while they work toward the ultimate goal: a world-class museum that tells the story of Nigerian music from its roots to the global stage.

UNICEF warns Afghanistan could lose over 25,000 female professionals in education, healthcare by 2030.

UNICEF warns Afghanistan could lose over 25,000 female professionals in education, healthcare by 2030.

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April 28, 2026

Key points

Afghanistan risks losing 25,000 female teachers, health workers by 2030 — UNICEF
Ongoing ban on girls’ education threatens workforce replacement and service delivery.
More than one million girls already denied access to secondary education since 2021.

Main story

UNICEF has warned that Afghanistan could face a critical shortage of female professionals in essential public services, with projections indicating a loss of more than 25,000 female teachers and healthcare workers by 2030.

In a recent report, the UN agency described the situation as a looming dual crisis, driven by the combined effect of workforce attrition and restrictions on girls’ education and women’s employment.

According to UNICEF, Afghanistan could lose up to 20,000 female teachers and approximately 5,400 healthcare workers by the end of the decade if current policies remain unchanged.

The report noted that the departure of trained female professionals, coupled with the inability to educate and train a new generation of women, would significantly weaken the country’s education and healthcare systems.

The issues

The crisis stems largely from restrictions imposed on girls’ education and women’s participation in the workforce. Since the ban on girls attending secondary school was introduced in September 2021, access to education beyond primary level has been severely curtailed.

Currently, girls are not allowed to attend classes beyond Grade six, while women are barred from enrolling in universities. These limitations have disrupted the pipeline of future professionals needed to sustain key public services.

The continued exclusion of women also raises broader concerns about gender equality, human capital development, and long-term socio-economic stability in Afghanistan.

What’s being said

UNICEF stated that more than one million girls have already been deprived of secondary education since the ban was introduced, warning that the number could exceed two million by 2030 if the restrictions persist.

The agency emphasised that without urgent intervention, Afghanistan will struggle to replace departing female teachers and healthcare workers, exacerbating existing service gaps.

It further stressed that access to education is a fundamental right and a critical driver of national development.

What’s next

UNICEF has called on Afghan authorities to immediately lift restrictions on girls’ secondary education and women’s access to higher education and employment.

The agency also urged the international community to sustain support for Afghan girls through advocacy, funding, and programmes aimed at preserving access to learning opportunities.

Bottom line

Without urgent policy reversal, Afghanistan risks a deepening crisis in education and healthcare, as the systematic exclusion of girls and women threatens to erode critical human capital and undermine the country’s future development.

Trump rejects Tehran’s latest peace bid over nuclear omissions

Trump rejects Tehran’s latest peace bid over nuclear omissions

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April 28, 2026

Key points

Insufficient Terms: President Trump has reportedly rejected Iran’s newest proposal, which focused on lifting naval blockades rather than immediate nuclear disarmament.
The Nuclear Sticking Point: Secretary of State Marco Rubio indicated the administration will not accept any deal that “kicks the can down the road” on Iran’s nuclear capabilities.
Strategic Patience: The White House maintains there is “no time pressure” to reach an agreement, insisting that any resolution must occur on U.S. terms.

Main story

President Donald Trump has expressed dissatisfaction with Iran’s latest diplomatic overture aimed at de-escalating tensions in the Persian Gulf, according to White House officials. The proposal, delivered to Washington earlier this week, sought a reopening of the strategic Strait of Hormuz and an end to the U.S. naval blockade of Iranian ports.

Following a high-level briefing in the White House Situation Room, administration officials signaled that the offer fell short of the President’s primary objective: the permanent dismantling of Tehran’s nuclear ambitions. While the proposal offered concessions on maritime logistics and trade, it notably suggested deferring nuclear negotiations to a later date—a condition the administration views as a non-starter.

The issues

The core of the diplomatic stalemate lies in the sequencing of concessions. Iran is prioritizing immediate economic relief and the restoration of shipping lanes to stabilize its economy. Conversely, the Trump administration views the current naval blockade and “maximum pressure” campaign as its most effective leverage. By decoupling the nuclear issue from the trade issue, the U.S. fears it would lose the necessary momentum to secure a comprehensive, long-term nuclear ban.

What’s being said

Secretary of State Marco Rubio, a key participant in the Situation Room deliberations, noted that while the proposal was “better than anticipated” in its technical scope, it failed the ultimate litmus test.

“Accepting a deal that ignores the nuclear threat would appear to deny the President the very victory he has promised the American people,” Rubio stated. “Any deal must bar Tehran from developing a nuclear weapon, period.”

Earlier, President Trump doubled down on his stance of strategic patience, telling reporters there is “no time frame” for ending the current hostilities and that the U.S. would not be rushed into a “weak” agreement by international pressure.

What’s next

Diplomatic channels via neutral intermediaries are expected to remain open, but the U.S. naval presence in the region will persist. Analysts expect the White House to wait for a revised proposal that includes specific, verifiable “red lines” regarding Iran’s centrifugal enrichment and nuclear research facilities before any lifting of the blockade is considered.

Bottom line

The Trump administration is holding firm on its “Nuclear First” policy. Despite a more sophisticated proposal from Tehran, Washington refuses to trade maritime security for a delayed nuclear conversation, signaling that the economic squeeze on Iran will continue indefinitely.

Innovation, ideas key to Africa’s economic transformation — Onwualu

Week 44 Pool Result for Sat 2, May 2026, UK 2025/2026

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April 28, 2026

Week 44 pool results 2026: Football pools results, live football pool result today, pool result today saturday matches, pool results for this week, british and aussie pool result, football pools results and fixtures, pools panel results today, pool panel results and live score pool result today. We publish half-time results first of its kind.

Week 44 Pool Results: Football pools results for this week 44 2026 are published on this website immediately after full-time confirmation of live score results. We also publish the outcome of postponed matches by the football pools panel at half-time as decided by the football pools. This week’s Week 44 Pool Results are made available in partnership with Bizwatch Nigeria.

WEEK: 44; SEASON: UK 2025/2026; DATE: 02-May-2026
№	Football Pools Results		HT	FT	Status
1	Arsenal	Fulham	-:-	-:-	LKO
2	Aston Villa	Tottenham	-:-	-:-	Sunday
3	Bournemouth	Crystal P.	-:-	-:-	Sunday
4	Brentford	West Ham	-:-	-:-	Saturday
5	Man United	Liverpool	-:-	-:-	Sunday
6	Newcastle	Brighton	-:-	-:-	Saturday
7	Wolves	Sunderland	-:-	-:-	Saturday
8	Blackburn	Leicester	-:-	-:-	EKO
9	Bristol C.	Stoke	-:-	-:-	EKO
10	Derby	Sheff Utd.	-:-	-:-	EKO
11	Hull	Norwich	-:-	-:-	EKO
12	Ipswich	Q.P.R.	-:-	-:-	EKO
13	Millwall	Oxford Utd.	-:-	-:-	EKO
14	Portsmouth	Birmingham	-:-	-:-	EKO
15	Preston	Southampton	-:-	-:-	EKO
16	Sheff Wed.	West Brom	-:-	-:-	EKO
17	Swansea	Charlton	-:-	-:-	EKO
18	Watford	Coventry	-:-	-:-	EKO
19	Wrexham	Middlesbro	-:-	-:-	EKO
20	A.Wimbledon	Huddersfield	-:-	-:-	Saturday
21	Barnsley	Stockport	-:-	-:-	Saturday
22	Bolton	Luton	-:-	-:-	Saturday
23	Exeter	Bradford C.	-:-	-:-	Saturday
24	Leyton O.	Burton A.	-:-	-:-	Saturday
25	Mansfield	Cardiff	-:-	-:-	Saturday
26	Northampton	Plymouth	-:-	-:-	Saturday
27	Peterboro	Doncaster	-:-	-:-	Saturday
28	Port Vale	Lincoln	-:-	-:-	Saturday
29	Reading	Blackpool	-:-	-:-	Saturday
30	Stevenage	Wigan A.	-:-	-:-	Saturday
31	Wycombe	Rotherham	-:-	-:-	Saturday
32	Barrow	Newport Co.	-:-	-:-	Saturday
33	Bromley	Walsall	-:-	-:-	Saturday
34	Cheltenham	Colchester	-:-	-:-	Saturday
35	Crawley	Salford C.	-:-	-:-	Saturday
36	Crewe	Cambridge U.	-:-	-:-	Saturday
37	Fleetwood	Milton K.D.	-:-	-:-	Saturday
38	Gillingham	Shrewsbury	-:-	-:-	Saturday
39	Harrogate	Barnet	-:-	-:-	Saturday
40	Notts Co.	Bristol R.	-:-	-:-	Saturday
41	Oldham	Accrington	-:-	-:-	Saturday
42	Swindon	Chesterfield	-:-	-:-	Saturday
43	Tranmere	Grimsby	-:-	-:-	Saturday
44	Dundee	St Mirren	-:-	-:-	Saturday
45	Falkirk	Motherwell	-:-	-:-	Saturday
46	Hibernian	Celtic	-:-	-:-	Sunday
47	Kilmarnock	Dundee Utd.	-:-	-:-	Saturday
48	Espanyol	Real Madrid	-:-	-:-	Sunday
49	Osasuna	Barcelona	-:-	-:-	LKO

Week 43 Pool Result for Sat 25, Apr 2026, UK 2025/2026

Dollar To Naira Exchange Rate Today, April 28th, 2026

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How much is a dollar to naira today in the black market?

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April 28, 2026

BREAKING: CBN Officially Unifies All Exchange Rate Windows

The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange,the official forex trading portal, showed that the naira closed at 1370 per $1 on Tuesday, April 28th, 2026. The naira traded as high as 1359 to the dollar at the investors and exporters (I&E) window on Monday. This is brought to you by Bizwatch Nigeria.

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1400 and buy at ₦1390 on Monday 27th April, 2026, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Selling Rate	₦1400
Buying Rate	₦1390

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	CBN Rate Today
Highest Rate	₦1370
Lowest Rate	₦1359

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Nigeria eyes sports economy expansion through intellectual property framework

Innovation, ideas key to Africa’s economic transformation — Onwualu

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April 28, 2026

Key points

Experts emphasise innovation and knowledge as drivers of Africa’s economic growth.
Collaboration among government, academia, and private sector identified as critical.
Youth population and digital evolution seen as major assets for transformation.

Main story

The President of African University of Science and Technology (AUST), Prof. Peter Onwualu, has stressed that innovation, ideas, and knowledge must form the foundation of Africa’s economic transformation.

Onwualu made this assertion on Monday at the opening of the AfricaX Summit held in Abuja, themed “Reshaping the Future of Africa through Innovation, Investment and Collaboration.”

He noted that while Africa possesses vast economic potential, unlocking it requires deliberate strategies, forward-thinking policies, and a culture of innovation embraced across institutions, industries, and society.

According to him, innovation involves viewing challenges as opportunities for development, adding that the continent is already witnessing a shift from traditional economic models to knowledge-driven systems.

He cited the growing impact of sectors such as financial technology, agricultural technology, and health technology in expanding financial inclusion, improving food security, and enhancing healthcare access.

Onwualu further highlighted the role of education as a cornerstone of sustainable development, stressing the need to equip students with critical thinking skills and the capacity to solve complex problems.

He pointed to AUST’s Inspired Innovation Hub as a model for nurturing creativity, entrepreneurship, and practical problem-solving among students.

The issues

Africa continues to grapple with structural challenges, including climate change, inequality, and infrastructure deficits, which have hindered economic progress.

Additionally, reliance on imported development models that do not align with local realities has limited the effectiveness of policy interventions across the continent.

There is also a persistent gap between academic training and industry needs, affecting the capacity of graduates to drive innovation and economic growth.

What’s being said

Onwualu emphasised that innovation ecosystems must be deliberately built to support creativity, experimentation, and collaboration among academia, industry, and government.

He called on governments to create enabling environments through supportive policies and investments, while urging the private sector to actively fund and scale innovative solutions.

Similarly, Chairman of the summit’s organising committee, Kingsley Ogwudu, noted that Africa’s youthful population, natural resources, and expanding digital landscape present significant opportunities for transformation.

Ogwudu, however, warned that challenges such as climate change and inequality must be addressed through innovation-driven solutions and policy reforms.

He added that attracting both domestic and international investment aligned with Africa’s long-term development goals would be critical to achieving sustainable growth.

What’s next

Stakeholders at the summit are expected to explore actionable strategies for strengthening innovation ecosystems, enhancing investment flows, and fostering cross-sector collaboration.

There are also calls for reforms in education systems to align curricula with emerging technologies and industry demands, as well as policies that encourage localised innovation.

Bottom line

Experts agree that Africa’s economic future hinges on its ability to harness innovation, invest in human capital, and build collaborative ecosystems capable of transforming ideas into sustainable growth and development.

Nigerian equities snap 14-Day Rally, lose N1.37 Trillion on Profit-Taking

Nigeria eyes sports economy expansion through intellectual property framework

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April 28, 2026

By Boluwatife Oshadiya, 28th April, 2026

Key Points

Nigeria targets sports sector growth through intellectual property (IP)
Stakeholders highlight IP as key to monetisation and innovation
Event held to mark World Intellectual Property Day 2026
Challenges include weak IP awareness and enforcement gaps
Government reforms aim to boost GDP contribution from sports

Main Story

Nigeria is intensifying efforts to position intellectual property (IP) as a cornerstone of its sports economy, as policymakers and industry stakeholders push for structural reforms to unlock value across the sector.

This was the focus of discussions at the 2026 World Intellectual Property Day celebration held at the United Nations House in Abuja, organised by the World Intellectual Property Organization under the theme “IP and Sports: Ready, Set, Innovate.”

Chairman of the National Sports Commission, Shehu Dikko, emphasized the need to reposition sports from a recreational activity to a structured economic asset.

He noted that modern sports ecosystems are driven by media rights, branding, sponsorships, and digital innovation—all of which depend on effective intellectual property protection.

According to Dikko, Nigeria’s primary challenge is not talent scarcity but the inability to properly identify, protect, and commercialise IP assets within the sports industry.

What’s Being Said

Director-General of WIPO, Daren Tang, described intellectual property as the “invisible engine” powering the global sports industry.

He explained that IP underpins innovations in sports technology, broadcasting, and fan engagement, while enabling commercialisation through patents, trademarks, and copyrights.

Panelists at the event, including Beverley Agbakoba-Onyejianya and Gbemisola Abudu, stressed that structured IP systems are essential for monetising sports through sponsorship deals, media rights, and brand development.

They also called for stronger legal frameworks, improved enforcement mechanisms, and increased awareness among athletes and administrators.

What’s Next

Stakeholders agreed on the need for:

Enhanced IP education across the sports ecosystem
Stronger regulatory and enforcement frameworks
Public-private collaboration to drive investment

With ongoing reforms under President Bola Tinubu, Nigeria aims to transform its sports sector into a significant contributor to GDP and employment, aligning with broader economic diversification goals.

DMO raises bond yields amid inflation concerns and investor caution

Bitcoin slides below $77,000 as US CLARITY act faces political gridlock over Trump Crypto interests

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April 28, 2026

By Boluwatife Oshadiya

Key Points

Bitcoin dropped to $76,998 after failing to break $79,000 resistance
Trading volume surged over 120% to $40 billion amid market volatility
US CLARITY Act delayed over conflict-of-interest concerns tied to Donald Trump
Long liquidations spiked over 3,600% to $107.1 million
Analysts say correction reflects derivatives unwind, not fundamental weakness

Main Story

Bitcoin (BTC) declined sharply to $76,998.51 after failing to sustain momentum above the $79,000 resistance level, as political uncertainty surrounding crypto regulation in the United States triggered investor caution.

The world’s largest cryptocurrency had earlier rallied toward $79,500 but faced strong rejection at that level, signaling weakening bullish momentum. The pullback coincided with a surge in trading activity, with daily volume rising more than 120% to approximately $40 billion, indicating heightened market participation during the sell-off.

At the center of the uncertainty is the stalled CLARITY Act, a major US legislative proposal aimed at establishing a comprehensive regulatory framework for digital assets, including stablecoins and broader crypto market structure. The bill has remained stuck in the Senate Banking Committee since January, initially due to disagreements over yield-bearing stablecoins.

However, the focus of contention has shifted to ethics provisions targeting potential conflicts of interest involving Donald Trump and other executive branch officials. The proposed language seeks to restrict how government officials can own or profit from cryptocurrencies, with particular scrutiny on crypto-related businesses linked to the Trump family, reportedly valued at over $1 billion.

Democrats have insisted that no final legislation will be approved without strict ethics safeguards, while Republicans remain divided on the scope of such provisions and whether they disproportionately target Trump.

Republican Senator Thom Tillis has further complicated negotiations, warning he may oppose the bill unless clear conflict-of-interest rules are included, intensifying political pressure around the legislation.

The prolonged standoff has derailed earlier timelines, with the Senate Banking Committee missing its informal April deadline for markup. Analysts now estimate only a 40% to 50% probability that the bill will pass in 2026, with delays likely if consensus is not reached before the US election cycle intensifies.

Market Data & Analysis

Bitcoin’s decline was exacerbated by a sharp unwind in leveraged positions across derivatives markets. Long liquidations surged by more than 3,600% within 24 hours, reaching $107.1 million, triggering forced selling and amplifying downward pressure.

The broader crypto market mirrored the decline, with total market capitalization dropping by 1.7%, reflecting a wider risk-off sentiment among investors.

Technical indicators show that Bitcoin’s rejection from the $79,000–$79,500 resistance zone marked a key turning point, reinforced by a 122.85% spike in trading volume. Negative funding rates across derivatives exchanges suggest traders are increasingly cautious, with fewer aggressive long positions entering the market.

Despite the short-term bearish trend, analysts note that oversold conditions could lead to a near-term stabilization, especially if spot demand absorbs the liquidation-driven sell pressure.

What’s Being Said

Market analysts describe the decline as a “healthy correction” following a strong weekly rally, rather than a structural breakdown.

Research insights from Galaxy Digital indicate that the probability of the CLARITY Act passing this year remains “roughly 50–50,” highlighting continued regulatory uncertainty as a key risk factor for crypto markets.

What’s Next

Market participants are closely monitoring:

Progress on US crypto regulation negotiations
Bitcoin’s ability to hold above key support levels
Changes in derivatives funding rates and liquidation trends

If political deadlock persists and regulatory clarity remains elusive, volatility in the crypto market is expected to continue in the near term.

NGX drops ₦1.37tn as profit-Taking triggers market reversal

Nigerian equities snap 14-Day Rally, lose N1.37 Trillion on Profit-Taking

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April 28, 2026

Stock Exchange Closes Trading Week With N30bn Gain

By Boluwatife Oshadiya, 28th April, 2026

Key Points

NGX market cap declined by N1.365 trillion to N143.969 trillion
All-Share Index dropped 0.94% to 223,602.29 points
Profit-taking in banking and large-cap stocks drove losses
Market breadth closed negative with 40 losers versus 36 gainers
Analysts link sell-off to earnings reactions and dividend expectations

Main Story

The Nigerian equities market ended its 14-day bullish streak on Monday, shedding N1.365 trillion as investors engaged in profit-taking across key banking and large-cap stocks.

Market capitalisation declined by 0.94% to close at N143.969 trillion, down from N145.334 trillion recorded in the previous session. Similarly, the All-Share Index fell by 2,120.20 points to settle at 223,602.29, reflecting a broad-based market pullback.

The downturn was largely driven by sell-offs in major stocks including United Bank for Africa, Access Corporation, Fidelity Bank, and FirstHoldCo, alongside over 35 other decliners.

On the losers’ chart, FirstHoldCo, UBA, and Trans-Nationwide Express each declined by 10%, while Access Corporation and Fidelity Bank recorded losses of 9.90% and 9.87% respectively.

Conversely, gains were recorded in select mid- and small-cap stocks. Abbey Mortgage Bank led the advancers with a 9.26% increase, followed by Zichis Agro Allied Industries and Wema Bank.

Trading activity strengthened despite the bearish close, with total volume rising by 8.06% to 678.17 million shares valued at N44.14 billion across 83,838 deals. Zenith Bank led the activity chart, accounting for the largest share of both volume and value traded.

What’s Being Said

Mr. Aruna Kebira, Managing Director of Globalview Capital Ltd., attributed the market reversal primarily to investor reactions to corporate earnings, particularly from UBA.

He noted that expectations for a dividend payout had been high ahead of the bank’s financial results, but the absence of such a declaration surprised investors and triggered sell-offs.

Kebira added that similar expectations surround upcoming earnings releases from other banking stocks, including Access Corporation, Fidelity Bank, and Stanbic IBTC, which may influence broader market sentiment.

What’s Next

Analysts expect:

Continued volatility as earnings season unfolds
Possible short-term corrections driven by profit-taking
Market stabilization once investor sentiment adjusts

Despite the decline, the Year-to-Date return remains strong at 43.69%, indicating sustained investor confidence in the Nigerian equities market over the longer term.

DMO raises bond yields amid inflation concerns and investor caution

DMO raises bond yields amid inflation concerns and investor caution

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April 28, 2026

By Boluwatife Oshadiya, 28th april 2026

Key Points

DMO offers ₦700bn across 5-, 7-, and 10-year bonds
Total subscriptions reach ₦948bn
Stop rates increase on shorter tenors
Secondary market turns bearish

Main Story

The Debt Management Office Nigeria (DMO) increased stop rates on Nigerian government bonds at its April auction, reflecting investor demand for higher yields amid rising inflationary pressures.

The DMO offered ₦700 billion across reopened bonds maturing in 2030, 2032, and 2035. Total subscriptions reached ₦948 billion, indicating sustained investor interest in fixed-income securities despite tightening financial conditions.

However, the agency ultimately raised ₦276.8 billion, with stop rates set at 16.30% for the 5-year bond, 16.50% for the 7-year bond, and 16.59% for the 10-year bond.

The 5-year bond saw subscriptions of ₦181.95 billion against a ₦300 billion offer, with allotments of ₦46.84 billion at a higher rate compared to 16% recorded in March.

Similarly, the 7-year bond attracted ₦167.04 billion in subscriptions, exceeding the ₦100 billion offer, with ₦18.72 billion allotted at 16.50%, up from 16.15% previously.

The 10-year bond recorded the strongest demand, with ₦599.02 billion in subscriptions. Despite this, the DMO allotted ₦211.24 billion at a slightly lower rate of 16.59%, compared to 17.52% at the January auction.

In the secondary market, bond trading sentiment weakened, particularly in the mid-tenor segment. Investors offloaded key instruments including JAN-2035 and FEB-2034 bonds, pushing average yields up by 3 basis points to 16.07%.

What’s Being Said

Fixed-income analysts point to inflationary pressures and monetary tightening expectations as key drivers of rising yields.

“Investors are demanding higher compensation for risk, especially in an environment of elevated inflation and currency volatility,” analysts said.

What’s Next

Bond market performance will likely be influenced by inflation trends, liquidity conditions, and monetary policy decisions by the Central Bank of Nigeria, with yields expected to remain elevated in the near term.

FCCPC seals Abuja supermarket over pricing irregularities, Others

Naira depreciates to ₦1,364/$ amid FX liquidity pressures

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April 28, 2026

By Boluwatife Oshadiya

Key Points

Naira weakens 0.43% at official FX window
FX liquidity improves but demand remains elevated
External reserves decline to $48.45 billion
Parallel market shows contrasting appreciation

Main Story

The Nigerian naira weakened against the US dollar on Monday at the official foreign exchange market, as persistent liquidity constraints and strong demand for foreign currency continued to pressure the local unit.

According to data from the Central Bank of Nigeria (CBN), the naira depreciated by 0.43% at the Nigerian Foreign Exchange Market (NFEM) to close at ₦1,364.24 per dollar.

Intraday trading reflected heightened volatility, with the currency touching a high of ₦1,371/$ and a low of ₦1,359.50/$, underscoring ongoing supply-demand imbalances driven by increased demand for international payments.

Interbank FX liquidity improved to $76.50 million across 79 deals, compared to $43.57 million recorded in the previous session, though analysts note that supply remains insufficient to meet market demand.

On a weekly basis, the naira depreciated by 1.10%, closing at ₦1,358.44/$ compared to ₦1,343.64/$ in the prior week, despite a brief midweek recovery.

In contrast, the parallel market recorded marginal gains, with the naira appreciating by 1.45% week-on-week to ₦1,380/$, before strengthening further to ₦1,375/$ in recent trades—highlighting continued divergence between official and informal market rates.

Nigeria’s external reserves declined to $48.45 billion, extending a downward trend attributed to reduced inflows and sustained interventions by the apex bank to stabilise the currency.

Analysts at AAG Capital and other market observers noted that foreign investors have increasingly adopted short-term positioning strategies in Nigeria, contributing to volatility in capital flows.

What’s Being Said

Market analysts suggest that persistent FX demand pressures, combined with declining reserves, could sustain depreciation risks.

“The current trajectory reflects structural liquidity challenges, despite periodic interventions by the central bank,” analysts noted.

What’s Next

Market watchers will track FX inflows, crude oil earnings, and monetary policy direction for signals on currency stability, especially as global commodity uncertainties persist.

FCCPC seals Abuja supermarket over pricing irregularities, Others

NGX drops ₦1.37tn as profit-Taking triggers market reversal

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April 28, 2026

By Boluwatife Oshadiya, 28th April 2026

Key Points

NGX All-Share Index declines 0.94% amid shift to risk-off sentiment
Market capitalisation sheds ₦1.37 trillion
Banking stocks lead losers as breadth turns negative
Analysts link downturn to profit-taking after extended rally

Main Story

The Nigerian equities market closed in negative territory on Monday, as investors retreated from risk assets, triggering a broad-based sell-off across key counters.

Data from the Nigerian Exchange Limited (NGX) showed that the All-Share Index (ASI) fell by 0.94% to settle at 223,602.29 points. The downturn reduced the year-to-date return to 43.69% and wiped out approximately ₦1.37 trillion in market capitalisation, which closed at ₦143.97 trillion.

Market analysts attributed the decline to sustained profit-taking activities following a prolonged bullish run that pushed several equities into overbought territory, prompting investors to lock in gains.

Market breadth weakened to 0.9x, reflecting a negative sentiment as 40 decliners outweighed 35 advancers. Losses were primarily driven by sell-offs in First Holdco Plc, Transnational Corporation Plc, United Bank for Africa Plc, Access Holdings Plc, and Fidelity Bank Plc.

On the flip side, buying interest was observed in select tickers including ABBEYBDS, ZICHIS, Wema Bank Plc, NPFMCRFBNK, and Wapic Insurance Plc, as investors positioned ahead of first-quarter 2026 earnings releases.

Sectoral performance remained mixed. Gains were recorded in Industrial (+0.85%), Commodities (+0.63%), and Insurance (+0.15%) indices, while the Banking index declined sharply by 6.49%. The Consumer Goods and Oil & Gas indices also fell by 0.41% and 0.24%, respectively.

Trading activity showed divergence, with volume rising 8.06% to 678.17 million shares and deal count increasing by 49.98% to 82,838 transactions. However, total turnover dipped slightly by 0.85% to ₦44.14 billion.

What’s Being Said

Analysts at Cowry Asset Management Limited stated that the market is likely to maintain a cautious tone in the near term.

“We expect the negative bias to persist in the next trading session as profit-taking continues to weigh on investor sentiment,” the firm noted.

What’s Next

Market participants are expected to monitor corporate earnings releases and macroeconomic signals for direction. Continued profit-taking and sector rotation could sustain volatility in the short term.

FCCPC seals Abuja supermarket over pricing irregularities, Others

Beyond payments: OPay champions “intelligent finance” at inaugural BusinessDay fintech summit 2026

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