Wike orders crackdown on Jabi Lake shanties, dismisses pastor’s appeal
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has ordered a crackdown on abandoned and poorly developed areas around Jabi Lake in Abuja, describing the situation as an eyesore unbefitting of Nigeria’s capital city. Wike’s directive comes amid a viral video in which a popular pastor appealed to the minister to “leave Jabi Lake for Nigerians,” warning against...
Again, Dangote refinery raises petrol price to N1,350/litre
Dangote refinery has increased its ex-depot price of Premium Motor Spirit, otherwise known as petrol, to N1,350 per litre, up from N1,275. The latest adjustment follows the suspension of Proforma Invoices on Tuesday, May 5, 2026, a move that typically indicates a pricing change across loading channels. Marketers have since begun adjusting their depot and retail pricing structures in response. Industry...
Teenager kills two in Brazil school shooting
A teenager shot dead two staff members and injured two other people, including an 11-year-old girl, in the latest school shooting to rock Brazil. The incident occurred at Sao Jose Institute, a junior high school in Rio Branco, the capital of northwestern Acre State, on Tuesday, May 5, 2026. Lieutenant Colonel Felipe Russo of the Acre military police department told reporters...
Dangote, other refineries get below half of allocated crude oil in Q1 2026 ― NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that it allocated 61.9 million barrels of crude oil to domestic refineries in the first quarter of 2026, against 68.7 million barrels offered by producers. The NUPRC made this known in its statistics on the enforcement of the Domestic Crude Supply Obligation (DCSO) released on Tuesday, May 5, 2026, in accordance...
Jim Ovia’s exit: Zenith Bank appoints ex-minister, Mustafa Bello, board chairman
Zenith Bank Plc has appointed Engr. Mustafa Bello as Chairman of its Board of Directors with immediate effect, following approval by the Central Bank of Nigeria and ratification by shareholders at the bank's Annual General Meeting held on Monday, May 5, 2026. The bank described the appointment as a strategic move to ensure continuity and stability on the Board, while...
Chibok community raises the alarm over fresh Boko Haram attacks
The Kibaku Area Development Association (KADA) has raised fresh concerns over renewed attacks by Boko Haram in Kautikari and surrounding communities in Chibok Local Government Area of Borno State. In a statement issued in Abuja, KADA’s National President, Nkeki Mutah, and National General Secretary, Ayuba Chiroma, described the attacks as coordinated and recurring, warning that the security situation in the...
Court suspends inquest into Chimamanda’s son’s death amid AG controversy
The Coroner’s Court sitting at the Igbosere Magistrates’ Court in Lagos has suspended proceedings in the inquest into the death of 21-month-old Nkanu Adichie-Esege, son of renowned author Chimamanda Ngozi Adichie, pending directives from the Chief Coroner, Justice Mojisola Dada. Coroner Magistrate Atinuke Adetunji halted the hearing on Tuesday after receiving a request linked to the office of the Lagos...
Oil prices slip as Trump reveals possible Iran peace deal
Oil prices fell for a second day on Wednesday on expectations bottled-up supply from the key Middle East producing region could resume flowing after United States President Donald Trump revealed a possible peace deal may be reached to end the war with Iran. Brent crude futures fell $1.89, or 1.7%, to $107.98 a barrel as of 0340 GMT, after dropping...
Customs intercepts N2.35bn cocaine, nabs 71-year-old suspect in Lagos
The Nigeria Customs Service, Federal Operations Unit Zone A, has intercepted 6.35kg of cocaine valued at N2.35 billion along the Lagos-Abidjan corridor. Comptroller Gambo Aliyu disclosed this at the handing over of seized cocaine and other illicit substances to the National Drug Law Enforcement Agency (NDLEA) in Lagos on Tuesday, May 5, 2026. Aliyu said the command also seized contraband including...
Stock market investors lose N904bn as profit-taking ends bullish rally
Investors lost N904 billion on Tuesday as sell-offs in major stocks dragged the Nigerian stock market into negative territory, ending a four-day rally on the NGX. Heavy profit-taking in Guinness Nigeria, Union Dicon Salt, AIICO Insurance, Wema Bank, MTN Nigeria, and others pressured market performance. The market capitalisation dropped from N156.056 trillion to N155.152 trillion, representing a loss of N904 billion,...
