Starmer under pressure as 80 lawmakers demand PM’s resignation
British Prime Minister Keir Starmer was on Tuesday consulting senior colleagues over his political future ahead of a crucial cabinet meeting, as pressure mounted within the ruling Labour Party for him to step aside. Starmer, who has been in office for less than two years, is facing growing calls to resign following Labour’s poor performance in last week’s local elections. According...
Kwankwaso links zoning confusion to Yar’Adua’s death
A chieftain of the Nigeria Democratic Congress, Rabiu Musa Kwankwaso, has said the death of former President Umaru Musa Yar'Adua is responsible for the confusion surrounding power rotation between Northern and Southern Nigeria, as he defended his party's decision to zone its 2027 presidential ticket to the South. Kwankwaso made the remarks during an interview on Arise Television on Monday,...
Dangote targets $50bn refinery valuation before stock listing
Aliko Dangote is targeting a $50bn valuation for his Dangote Petroleum Refinery and Petrochemicals ahead of a planned stock market listing later this year, with the billionaire industrialist positioning the offering as the first pan-African initial public offering of its scale. Bloomberg reported that the refinery could sell up to a 10 per cent stake through the Nigerian Stock Exchange,...
Mutfwang tightens security after Barkin Ladi killings
Plateau State Governor Caleb Mutfwang has imposed an immediate ban on night mining and night grazing activities across the state, announcing the measures during a visit to communities recently attacked in Barkin Ladi and Bassa Local Government Areas. Addressing a security stakeholders' meeting at Gwol Motel in Barkin Ladi — attended by religious leaders, traditional rulers, youth representatives and community...
FG pursues $1.25bn World Bank reform loan
The Federal Government is in advanced discussions with the World Bank for a $1.25bn loan to support economic reforms, job creation and competitiveness, with the facility set for board approval on June 26, 2026 — making it the second-largest single World Bank loan secured under President Bola Tinubu. The proposed loan, titled Nigeria Actions for Investment and Jobs Acceleration, has...
Oil prices rise as fragile US-Iran talks sustain supply concerns
Oil prices rose nearly 1% on Tuesday, May 12, 2026, as talks to end the United States-Israeli war on Iran appeared fragile, with Tehran's response to a Washington proposal highlighting stark differences that have kept supply concerns alive. Brent crude futures were up 86 cents, or 0.8%, at $105.07 per barrel, while U.S. West Texas Intermediate gained 99 cents, or...
Stock market capitalisation rises above N160trn as investors gain N3.1trn
The Nigerian stock market extended its rally on Monday, May 11, 2026, lifting market capitalisation above N160 trillion as investors recorded a combined gain of N3.162 trillion. The market capitalisation climbed 2.01 per cent, rising from N157.094 trillion on Friday to N160.256 trillion, underscoring sustained demand across the exchange. The All Share Index also advanced 5,709.71 points, closing at 250,485.54 and...
INEC to deploy 1.4m NYSC members for 2027 election
The Independent National Electoral Commission (INEC) says it will deploy over 1.4 million National Youth Service Corps (NYSC) members for the 2027 general election. The INEC Chairman, Prof. Joash Amupitan, disclosed this during a courtesy visit to the NYSC leadership in Abuja on Monday, May 11, 2026. Amupitan met with the Director-General of NYSC, Brig.-Gen. Olakunle Nafiu, to strengthen electoral collaboration. Amupitan...
Mutfwang’s APC move already benefiting Plateau — Group
A political support group, Plateau Vanguard for Democracy (PVD), has defended Governor Caleb Mutfwang’s alignment with the All Progressives Congress (APC), saying the decision was already yielding political and developmental gains for Plateau State. In a statement issued by its National Coordinator, Chris Ishaku, the group said Governor Mutfwang acted out of political foresight and in the best interest of...
Family accuses Kano Hisbah of converting, marrying off missing Plateau teen
The family of a 17-year-old girl from Plateau State has accused the Kano State Hisbah Board of forcibly converting their missing daughter to Islam and marrying her off, alleging a coordinated effort involving forged documents and identity falsification. In a petition dated May 6, 2026 and addressed to the Kaduna State Commissioner of Police, the family of Jinkai Simon, a...
