Nigerian NewsDirect

NGX new pricing methodology to take effect, August 17

The Nigerian Exchange (NGX) is set to commence the implementation of a revised pricing methodology for equities trading on Monday, August 17, 2026. The new methodology introduces a tiered minimum trading volume thresholds that could significantly alter how the market’s most expensive stocks respond to buying and selling pressure. The Exchange described the change as designed to strengthen price discovery by ensuring that ...

Osun election: ADC demands probe into IReV suspension, congratulates Adeleke

By Precious Mark The African Democratic Congress (ADC) has called on the Independent National Electoral Commission (INEC) to urgently investigate and explain a four-hour disruption in the uploading of polling unit results to the INEC Result Viewing Portal (IReV) during Saturday’s Osun State governorship election. In a statement issued on Sunday in Abuja by its ...

There Is no agreement— Adeleke camp rejects Tinubu deal claims

By Taiwo Scholarstica The Imole Campaign Council of Osun State Governor Ademola Adeleke has dismissed claims that the governor’s support for President Bola Ahmed Tinubu’s 2027 re-election bid was based on a political agreement between the two leaders. The council said Adeleke’s decision to endorse Tinubu was driven by the President’s performance and reforms, rather ...

FRSC cracks down on offenders, jails driver over 15 passengers hidden under truck

By Imisioluwa Afunmiso The Federal Road Safety Corps (FRSC) has intensified its enforcement of traffic regulations, with a driver sentenced to one month imprisonment after marshals discovered 15 passengers concealed beneath the tarpaulin of a truck. The development formed part of the Corps’ ongoing crackdown on dangerous road practices, particularly the illegal conveyance of passengers ...