S’Korea mulls involvement: Latest developments in Middle East war
Here are the latest developments in the Middle East war on Tuesday, May 5, 2026: Iran 'not even started' Iran's chief negotiator in talks with the United States, Mohammad Bagher Ghalibaf, warned that his country had "not even started" and that US actions in the Strait of Hormuz had put shipping at risk. Stocks sink on rising tension Stocks sank across Asian exchanges...
Umahi signs Tinubu’s nomination form, cites infrastructure gains
Minister of Works David Umahi has signed President Bola Tinubu's nomination form for a second term, describing the gesture as a "victory form" and an endorsement of continuity in national governance. In a statement issued by his Senior Special Assistant on Media, Francis Nwaze, on Tuesday, Umahi said the signing represents a collective commitment to consolidating the administration's achievements and...
Power outage hits Ibadan as TCN carries out transformer maintenance
Parts of Ibadan, Oyo State, were left without electricity on Tuesday after the Transmission Company of Nigeria shut down a 100MVA 132/33kV transformer at its Ayede Transmission Substation for scheduled maintenance. TCN said the outage, which ran from 10:00 a.m. to 6:00 p.m., was necessary to carry out routine checks on the facility and ensure its continued optimal performance. The announcement...
Top 10 brokers trade N949.9bn on NGX as investors gain N26trn in one month
Ten stockbroking firms on the Nigerian Exchange Limited (NGX) recorded transactions worth N949.899 billion in April 2026. The performance reinforced their dominance in the stock market during the period under review. According to the NGX broker performance report, the firms accounted for 52.37 per cent of total trade value. The leading firms were Cardinalstone Securities, Cordros Securities, Stanbic IBTC Stockbrokers, EFG Hermes...
Oil prices fall as US reduces Iran’s grip on Hormuz
Oil prices eased 1% on Tuesday, May 5, 2025, on signs the United States Navy is loosening Iran's grip on the Strait of Hormuz, potentially opening up supply from the Middle East. The U.S. on Monday launched a new operation aimed at reopening the strait to shipping. Maersk later said the Alliance Fairfax, a U.S.-flagged vehicle carrier, exited the Gulf via...
3-year-old dies as rainstorm wrecks homes in Mokwa
A three-year-old girl, identified as Afnan, has died after a rainstorm caused a building collapse in Mokwa, the headquarters of Mokwa Local Government Area in Niger State. The incident occurred around midnight on Monday when a heavy rainstorm brought down the room where the child was sleeping with her mother and five siblings. A resident, Galadima Audu, said all seven occupants...
Strike continues as FG-SSANU, NASU talks end in deadlock
Talks between the Federal Government and the Joint Action Committee (JAC) of the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU) ended in deadlock in Abuja on Monday, as key issues remained unresolved The meeting convened by the Minister of Education, Dr Tunji Alausa, was adjourned to 3 p.m. on...
Ex-Kano dep gov Aminu Gwarzo resigns from ADC
A former Deputy Governor of Kano State, Aminu Gwarzo, has resigned from the African Democratic Congress (ADC), citing shifting political dynamics. Gwarzo announced his decision in a resignation letter dated May 1, 2026, addressed to the party’s chairman in Gwarzo Local Government Area of Kano State. He stated that his resignation takes immediate effect. According to him, the move followed extensive...
How declining ₦2k request cost me my brother — Nigerian lady
A Nigerian woman has sparked widespread reactions online after recounting how declining to send ₦2,000 to her elder brother led to a painful breakdown in their relationship. The woman, identified as @nobod3yyyy on X, shared her experience in a viral post, reflecting on what she described as a moment of pride that cost her a close family bond. She explained that...
Man City held in six-goal Everton thriller: Three talking points from Premier League
The Premier League title is Arsenal's to lose once more after Manchester City crumbled in a thrilling 3-3 draw at Everton to leave the Gunners three games from glory. Arsenal did their job by applying the pressure in a 3-0 win over Fulham on Saturday. At the other end of the table, there was also cause for celebration in north London...
