Meningitis outbreak kills 33 children in Sokoto
The Sokoto State Government has confirmed the death of 33 children following a renewed outbreak of cerebrospinal meningitis in several parts of the state. Health authorities disclosed that 256 suspected cases have so far been recorded across eight local government areas as efforts intensify to contain the spread of the disease. The Commissioner for Health, Faruk Abubakar, made this known on...
Access Holdings posts record N1trn profit as gross earnings hit N5.53trn
Access Holdings Plc has announced that its gross earnings grew by 13.3 per cent to N5.53 trillion in the 2025 financial year. Access Holdings said this was supported by strong growth in net interest income and a 40.9 per cent increase in fees and commissions to N585.07 billion. The company’s profit before tax increased by 16.2 per cent to N1.01 trillion,...
Dangote mulls 20,000 megawatts to end Nigeria’s power crisis
After years of missed government targets and a national grid that delivers less electricity than many single cities in the developing world, Africa's richest man is betting his next mega-project on solving Nigeria's most intractable infrastructure crisis. Aliko Dangote announced this week that his conglomerate is moving into power generation with a target of 20,000 megawatts — a figure that...
ACF suspends BoT chairman Dalhatu amid deepening leadership crisis
The crisis rocking the Arewa Consultative Forum deepened on Wednesday as the forum announced the immediate suspension of its Board of Trustees Chairman, Bashir M. Dalhatu, over alleged financial misconduct and constitutional violations. The development came as the ACF national headquarters in Kaduna remained under police watch following tensions within the organisation. Although reports earlier claimed that the premises had been...
Oil prices rise as investors weigh Middle East peace deal prospects
Oil prices rose over $1 on Thursday, May 7, 2026, as investors weighed the prospects of a Middle East peace deal succeeding. Brent crude futures were up 54 cents, or 0.5%, at $101.81 a barrel at 0615 GMT, while U.S. West Texas Intermediate gained 45 cents, or 0.5%, to $95.53 a barrel. Both benchmarks slumped more than 7% on Wednesday, hitting...
Airtel, Zichis top gainers’ chart as stock market investors gain N628bn
The Nigerian stock market rebounded on Wednesday, May 6, 2026, reversing the previous session’s loss with a gain of N628 billion. The gain was driven by renewed investors’ interest in blue-chip and medium-cap stocks. Key gainers included Airtel Africa, Chemical and Allied Products Plc (CAP), Zichis Agro Allied Industries, RT Briscoe Plc, FTN Cocoa Processors Plc, and 43 other advancing equities. Market...
Lagos residents groan over rising tomato prices, seek alternatives
Some residents in Lagos State have expressed concern over the recent surge in the price of tomatoes, forcing many households to adopt alternatives. A 50kg basket of tomatoes now sells between N115,000 and N125,000, compared to between N35,000 and N40,000 recorded last month. Speaking on Wednesday, a resident of Ago Palace, Olachi Igwe, said the scarcity and high cost of tomatoes...
PSG edge Bayern Munich to set up Champions League final clash with Arsenal
Holders Paris Saint-Germain (PSG) set up a Champions League final against Arsenal after a 1-1 second-leg draw at Bayern Munich secured a 6-5 aggregate victory on Wednesday. PSG exploded on the counter less than three minutes in, and Ballon d'Or winner Ousmane Dembele put Luis Enrique's visitors ahead on the night and two goals up in the tie. PSG largely succeeded...
Gombe court jails magistrate over N1m bribe
The High Court sitting in Gombe, the capital of Gombe State, has convicted and sentenced a magistrate, Mohammad Kumo, to two years and six months imprisonment for bribery. Kumo was initially arraigned on December 3, 2025, on three-count charges of bribery by the Gombe Zonal Directorate of the Economic and Financial Crimes Commission (EFCC). However, on December 30, 2025, the magistrate,...
Opposition rejects military role in 2027 elections as INEC raises security concerns
Fresh concerns over the credibility of the 2027 general elections emerged on Wednesday after the Independent National Electoral Commission (INEC) warned that worsening insecurity across the country could threaten the conduct of free, fair and credible polls. The warning has, however, sparked criticism from opposition parties, which rejected any move to deploy military personnel for election duties, insisting that election...
