Category : Search result: market theft


Nigerian Stock Market Gains N245 Billion

The Nigerian equities market sustained its bullish trend on Wednesday, December 17, with investor wealth increasing by N244.62 billion. Key stocks like FirstHoldCo and Mecure drove the rally. Read the full analysis.

IBEDC Blames Power Outages on Reduced Grid Supply

IBEDC attributes prolonged power outages in its franchise area to reduced allocation from the national grid. The company is engaging TCN for a solution while cracking down on energy theft.

Two Arrested for Telecom Vandalism in Osun

Osun NSCDC arrests a driver and scrap dealer for vandalising telecom sites in Eripa and Otan Ayegbaju, recovering stolen batteries. Two suspects remain at large. Read more.

Naira Rate Gap Widens as Dollar Demand Rises

The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.

Agbero Flees With Woman's Bottle of Fanta in Lagos

A Lagos woman was left distressed after a tout, known as an 'agbero', snatched her bottle of Fanta and fled. The incident, captured on video, has ignited discussions on public safety. Read the full story.

Thieves Steal Church Speakers, AC; Pastor in Pain

A Nigerian pastor is heartbroken after thieves raided his church auditorium, carting away speakers and an air conditioner. The incident raises security concerns for places of worship. Read the full report.

Nigerian Sentenced to 20 Years in US for Major Fraud

Oluwaseun Adekoya, a Nigerian resident in New Jersey, has been sentenced to 20 years in a US federal prison for masterminding a sophisticated $2 million identity theft and bank fraud operation. Read the full details of the multi-state scheme.

Nigerian Equities Market Gains N997bn in Week

The Nigerian Exchange closed the first week of December positively, with investor wealth rising by nearly N1 trillion. The All-Share Index gained 1.08% as market sentiment remained strong. Discover the top gainers and most traded stocks.

Naira Falls as CBN Releases New FX Rate, Gap Widens

The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.

Activist Gwamnishu Denies Stealing Kidnap Ransom

Nigerian activist Harrison Gwamnishu breaks silence after being accused of stealing part of a ransom meant for a pregnant kidnap victim and her husband in Edo. Read his full response.

Man Arraigned for Stealing Pregnant Dog in Akure

A 39-year-old man, Joseph Raphael, faces court in Akure for allegedly stealing a pregnant dog valued at N500,000. The case has been adjourned to January 2026. Read the full details.

Major Fire Guts Jabi Wood Market in Abuja

A devastating fire destroyed the popular Jabi Wood Market in Abuja early Wednesday. Traders lost millions in property. No casualties reported. Read more on the response and calls for aid.

Nigeria's Cyberattacks Jump Over 1000% in Q3 2025

A new report reveals Nigerian firms faced a record 1,047% surge in cyberattacks last quarter, with stolen employee logins now the primary threat. Learn how businesses can defend themselves.

Cyber Attacks in Nigeria Jump Over 1,000% in Q3

Data breaches in Nigeria surged 1,047% in Q3 2025. Hackers now use stolen credentials, not software flaws. Experts urge stronger identity controls to combat this new threat.

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