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NGX to strengthen economic environment to woo more investors- Kwairanga
NGX to strengthen economic environment to woo more investors- Kwairanga
Dr Umaru Kwairanga, the Chairman, Nigerian Exchange Group has restated the NGX’s commitment to providing market infrastructure that inspires investor confidence and supports both domestic and international participation.
Kwairanga made the pledge at a dinner organised by the US-Nigeria Council held in Lagos on Thursday.
He stated that capital markets remained a vital bridge in the partnership between the United States and Nigeria.
According to him, efficient, transparent, and well-regulated markets enable businesses to grow, infrastructure to be financed, and innovation to scale.
“From the perspective of Nigerian Exchange Group, we remain committed to providing market infrastructure that inspires investor confidence and supports both domestic and international participation, including from American institutions and enterprises.
“The growing engagement of global investors in Nigeria reflects confidence in our long-term fundamentals and in the reforms underway to strengthen our economic environment.
“As market operators, our responsibility is to ensure that opportunities discussed in forums like this can find practical expression through credible platforms for capital formation and investment,” he said.
Kwairanga lauded the leadership of the US–Nigeria Council for its continued commitment to strengthening the bonds between the two nations.
According to him, the relationship between the United States and Nigeria is one of strategic importance and deep potential.
He described the partnership which he said was grounded in mutual respect, economic complementarity, and a shared belief in enterprise, as a driver of prosperity.
He said that Nigeria as Africa’s largest economy and most populous nation, remained a key partner for the United States in advancing trade, investment, and sustainable development across the continent.
“The US–Nigeria Council plays a critical role in translating goodwill into tangible outcomes.
“By convening leaders from government and business, it helps move conversations from intent to implementation, supporting collaboration in areas that directly affect livelihoods, from food security and agricultural value chains to trade expansion and long-term investment.
“In today’s interconnected global economy, our complementarities are clear. Nigeria brings scale, a youthful and entrepreneurial population, abundant resources, and expanding markets.
“The United States brings capital, innovation, technology, and deep institutional expertise. When these strengths align, the results can be transformative, not only for our two countries, but for broader regional growth,” he said.
The NGX boss thanked American partners for their enduring engagement with Nigeria, stressing that, “your participation in our economy and confidence in our future is deeply valued.”
Troops Arrest Three Suspected Cattle Rustlers in Borno
By: Zagazola Makama
Troops of 212 Battalion deployed at Forward Operating Base (FOB) Tuba have arrested three suspected cattle rustlers during an operation in Karnuwa general area of Borno State.
Security sources said the operation followed intelligence provided by a local resident, Malam Muhammadu Ardo, concerning alleged cattle rustling activities within the area.
The troops reportedly mobilised to Karnuwa at about 12:30 p.m. on May 4, 2026, where they apprehended the suspects identified as Mallam Mohammad Abatcha, 28; Mallam Mamman Bukar, 18; and Malam Modu Hassan, 30.
According to the sources, the suspects were intercepted while using a pickup vehicle with registration number WW 806 GZ Delta, allegedly employed in transporting stolen cattle.
The rustled cattle were recovered and immediately handed over to their rightful owners at the scene of the arrest.
Items recovered from the suspects included a bow and arrow, three mobile phones, five national identity cards and the sum of N20,650.
Preliminary investigation reportedly revealed that the suspects admitted to repeatedly stealing and selling rustled cattle to buyers in Maiduguri.
Security sources further disclosed that investigators suspect possible links between the suspects and members of the Islamic State West Africa Province or Jama’atu Ahlis Sunna Lidda’awati wal-Jihad due to alleged inconsistencies observed in their statements during interrogation.
Troops Arrest Three Suspected Cattle Rustlers in Borno
Troops Discover Illegal Refinery Site, Recover 600 Litres of Stolen Crude in Rivers
By: Zagazola Makama
Troops of 29 Battalion operating under the Joint Task Force South-South, Operation Delta Safe (OPDS), have uncovered an illegal refining site and recovered about 600 litres of suspected stolen crude oil in Oyigbo Local Government Area of Rivers State.
Security sources said the discovery was made at about 10:00 a.m. on May 12, 2026, during ongoing anti-illegal bunkering operations in the Niger Delta region.
The troops reportedly discovered the illegal refining site around Asa community, where a large cooking pot loaded with stolen crude oil was found stockpiled in sacks.
Military authorities said the recovered products and equipment were handled in accordance with operational directives guiding anti-crude oil theft operations under Operation Delta Safe.
The operation was conducted without any confrontation or security incident.
The Nigerian military has continued to intensify operations against crude oil theft, illegal refining and other forms of economic sabotage across the Niger Delta region.
Troops Discover Illegal Refinery Site, Recover 600 Litres of Stolen Crude in Rivers
Troops, NDLEA Raid Drug Hideout in Katsina, Arrest Suspected Supplier to Terrorists
By: Zagazola Makama
Troops of the Forward Operating Base (FOB) Malumfashi at Kafur, in collaboration with the National Drug Law Enforcement Agency, have raided a suspected drug peddlers’ hideout in Kafur Local Government Area of Katsina State.
Security sources said the operation was conducted at about 12:30 p.m. on May 12, 2026, at Huguma village following intelligence on illicit drug activities within the area.
During the raid, troops apprehended one suspect identified as a major supplier of illicit drugs and other substances to terrorists and criminal elements operating within Kafur Local Government Area and surrounding communities.
Items recovered during the operation included 146 grams of suspected cannabis and 16.5 grams of a substance identified as Exol-5.
The suspect and the recovered drugs have since been handed over to the National Drug Law Enforcement Agency for further investigation and necessary legal action.
Troops, NDLEA Raid Drug Hideout in Katsina, Arrest Suspected Supplier to Terrorists
Troops Neutralise Two Terrorists in Night Ambush Operation in Borno
Troops Arrest Three Suspected Cattle Rustlers in Borno
Troops Intercept Vehicle Conveying Illegal Diesel in Bayelsa
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