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Ondo cleric urges ex*****on of convicted bandits and kidnappers, citing Islamic law

AKURE — A prominent Islamic cleric in Ondo State, Sheikh AbdulRauf Ajiboye Lagbaji, has called on federal and state authorities to enforce the death penalty on individuals convicted of kidnapping and banditry, arguing that offenders should not be reintegrated into society. Lagbaji, founder of the At-Tanzil Foundation, made the remarks during a lecture at an Ashura Day event organised by the Muslim Media Practitioners of Nigeria (MMPN), Ondo State chapter, in Akure....

Ondo Cleric Urges Ex*****on Of Convicted Bandits And Kidnappers, Citing Islamic Law | Naija247News AKURE — A prominent Islamic cleric in Ondo State, Sheikh AbdulRauf Ajiboye Lagbaji, has called on federal and state authorities to enforce the death penalty

Nigeria Draws $1.5bn From $5bn UAE Derivatives Deal Amid Transparency Questions

Abuja | Friday, June 27, 2026 | 11:35 PM WAT Nigeria has accessed the first tranche of a proposed $5 billion financing arrangement with a United Arab Emirates lender, drawing about $1.5 billion under a derivatives-based structure that has raised questions among market observers over transparency and fiscal risk exposure....

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Zenith Bank, Canada-Africa chamber convene business leaders to advance trade and investments

Zenith Bank Plc reaffirmed its commitment to advancing trade, investment and economic cooperation between Canada and Africa as the Headline Conference Sponsor of the 6th Canada-Africa Business Conference, held on Wednesday, 24 June 2026 at Eko Hotel & Suites, Victoria Island, Lagos. Organised by the Canada-Africa Chamber of Business, the conference brought together a high-level Canadian business delegation representing 31 companies, alongside senior government officials, business leaders, investors, policymakers, diplomats and development partners....

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Machines, Margins, and Maternity: The Unequal Race to Mechanise Nigeria’s Cassava Engine

By Naija247news Correspondents EWEKORO, Nigeria (Naija247news) — June 25, 2026 — In the humid, smoke-laden processing clearings of Ewekoro, a town in Nigeria’s southwestern Ogun State, the rhythm of rural survival has long been dictated by the scrape of hand-held knives against raw cassava tubers. For generations, this back-breaking, post-harvest labor has been the near-exclusive domain of women. They are the invisible engine of West Africa’s food supply, turning toxic, highly perishable roots into garri and fufu—the starchy staples that feed tens of millions of urban consumers daily....

Machines, Margins, And Maternity: The Unequal Race To Mechanise Nigeria’s Cassava Engine | Naija247News By Naija247news Correspondents

From Threads to Markets: Fashion at the Center of Africa’s Creative Economy, Investment, and Growth

By Ethiopis Tafara* In a workshop in Lagos, a designer adjusts a seam just before sunrise. The fabric on the table carries patterns drawn from memory, culture, and ambition. By evening, that same design enters a marketplace that stretches far beyond the room, finding its place on global runways and in wardrobes across continents. This is how markets begin, quietly and locally, with a single idea shaped into something tangible....

From Threads To Markets: Fashion At The Center Of Africa’s Creative Economy, Investment, And Growth | Naija247News By Ethiopis Tafara*

Anambra Police Foil Alleged Attempt to Sell Newborn Baby, Reunite Mother With Family

AWKA, June 21, 2026, 9:10 PM WAT (Naija247news) — Police in Anambra State have foiled an alleged attempt by a 21-year-old woman to sell her newborn daughter, intervening before the infant could be trafficked and facilitating the reunification of both mother and child with family members....

Anambra Police Foil Alleged Attempt To Sell Newborn Baby, Reunite Mother With Family - Naija247news AWKA, June 21, 2026, 9:10 PM WAT (Naija247news) — Police in Anambra State have foiled an alleged attempt by a 21-year-old woman to sell her newborn daughter,

Nigerian Bourse Limits Small Trades From Moving Stock Prices

The Nigerian Exchange has unveiled a revised pricing framework that imposes minimum trading volumes before a stock’s quoted price can adjust, a move aimed at enhancing price discovery and clamping down on market distortion in Africa’s largest economy. The policy shift, detailed in updates to the Lagos bourse’s rulebook, splits listed equities into three distinct tiers based on share price. Each category will carry a mandatory volume threshold that must be crossed before market makers can rerate a security....

Nigerian Bourse Limits Small Trades From Moving Stock Prices - Naija247news The Nigerian Exchange has unveiled a revised pricing framework that imposes minimum trading volumes before a stock’s quoted price can adjust, a move aimed at

Nigeria Insurance Sector Prepares for Consolidation as Recapitalization Deadline Approaches

LAGOS — The Nigerian insurance industry is entering a definitive phase of structural consolidation as operators race against a ticking clock to meet the rigid compliance deadlines mandated by the newly enacted Nigerian Insurance Industry Reform Act (NIIRA) 2025. Speaking ahead of her formal inauguration on July 3 as the 27th Chairman of the Nigerian Insurers Association (NIA), Mrs. Ebelechukwu Nwachukwu confirmed that her incoming administration will prioritize cross-sector stabilization, regulatory enforcement support, and domestic underwriting expansion....

Nigeria Insurance Sector Prepares For Consolidation As Recapitalization Deadline Approaches - Naija247news LAGOS — The Nigerian insurance industry is entering a definitive phase of structural consolidation as operators race against a ticking clock to meet the rigid

Diezani Alison-Madueke Cleared of Bribery Charges in London Trial

LONDON — Diezani Alison-Madueke, Nigeria’s former oil minister, was acquitted of six bribery charges by a London jury on Wednesday, concluding a high-profile corruption trial that marked a significant setback for British authorities. The verdict follows more than 46 hours of deliberation at Southwark Crown Court, ending a legal saga that spanned over a decade. Alison-Madueke, 65, who served as petroleum minister from 2010 to 2015 under President Goodluck Jonathan and briefly held the presidency of OPEC, had been accused of accepting luxury benefits from energy industry figures in exchange for influence over lucrative Nigerian oil and gas contracts....

Diezani Alison-Madueke Cleared Of Bribery Charges In London Trial - Naija247news LONDON — Diezani Alison-Madueke, Nigeria’s former oil minister, was acquitted of six bribery charges by a London jury on Wednesday, concluding a high-profile

Ripple Invests in $3.3 Billion Flutterwave to Expand African Stablecoin Reach

Ripple has acquired an equity stake in Flutterwave, marking a strategic expansion into Africa’s fast-growing payments market as stablecoins increasingly move from crypto trading instruments into mainstream settlement infrastructure. The investment was made through Flutterwave’s Series E round, which valued the Nigerian fintech at just above $3 billion. Bloomberg reported a valuation of $3.3 billion, while Flutterwave put the figure at $3.2 billion....

Ripple Invests In $3.3 Billion Flutterwave To Expand African Stablecoin Reach - Naija247news Ripple has acquired an equity stake in Flutterwave, marking a strategic expansion into Africa’s fast-growing payments market as stablecoins increasingly move