Stock Market Sheds N2.1tn as Investors React to CBN’s Revised Open Market Operation Framework Equities sustain eight-day losing streak as investors take profit
Kayode Tokede
The Nigerian stock market lost
about N2.1 trillion in market capitalisation last week as investors reacted to the Central
Bank of Nigeria’s (CBN) revised Open Market Operations (OMO) framework, which opened
participation in the market to individuals, corporates and non-bank financial institutions.
Specifically, the market capitalisation of the Nigerian Exchange Limited (NGX),
which opened the week at Continued on page 5
Discos Embark on Load Shedding as Power Grid Suffers Partial Collapse, Generation Plunges to 1,132MW…Page5 Sunday, August 23, 2026 Vol 31. No 11459
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US Lawmaker Fumes over Plateau Killings, Accuses Nigerian Government of Failure to Protect Citizens… Page 6
Wike: I Won't Risk Losing Rivers, FCT for APC Presidential Campaign DG's Job Mocks Amaechi, Saraki, Tambuwal, Lalong for losing their states
Olawale Ajimotokan in Abuja
The Minister of the Federal
Capital Territory (FCT), Mr. Nyesom Wike, has explained why he could not have served as the Director-General (DG)
of President Bola Tinubu's 2027 Presidential Campaign Council, saying he is not a member of the All Progressives Congress
(APC) and does not want to risk losing Rivers State and the FCT in the 2027 general election.
Wike mocked a former Minister of Transportation, Rotimi Amaechi; former Senate President, Senator
Bukola Saraki; former Governor of Sokoto State, Continued on page 5
Tinubu Asks APC Campaign Council to Defeat Forces Seeking to Take Nigeria Backwards
President heads campaign council; Yari emerges as DG, accepts appointment Shettima, Yilwatda named vice chairmen; Uzodimma secretary ADC: APC campaign council a rehabilitation centre for corruption suspects
Deji Elumoye and Chuks Okocha in Abuja President Bola Tinubu yesterday charged the members of the highpowered Presidential Campaign Council of the All Progressives Congress (APC) for the January 2027 presidential election to defeat all those forces who planned to take Nigeria backwards. The ruling APC yesterday announced the constitution of the campaign council with President Tinubu as Chairman. At the same time, former Governor of Zamfara State and serving Senator, Abdulaziz Yari and Governor Hope Uzodimma of Imo State emerged as the Continued on page 5
FIVE HEARTY CHEERS TO WARRI MONARCH…
L-R: Emir of Zazzau, HRM Ahmad Nuhu Bamalli; 15th Emir of Kano, HRM Aminu Ado Bayero; Olu of Warri, HRM Ogiame Atuwatse III; and Dein of Agbor, HRM Benjamin Ikenchukwu, Keagborekuzi I, during the fifth coronation anniversary of the Warri monarch in Warri…weekend