Nigeria’s economy rebounds as dollar GDP hits $307bn
Nigeria’s economy expanded significantly in 2025, with its dollar-denominated gross domestic product rising by 22 per cent to about $307 billion, according to a report by Quartus Economics. The report, titled Nigeria on the Rise Again, attributed the growth to stronger economic output and a modest appreciation of the naira. It noted that the increase comprised an 18.43 per cent...
NGX market cap climbs to N155.9trn, investors pocket N2.68trn gain
The Nigerian Exchange closed April 2026 on a record high, with total market capitalisation rising to N155.9 trillion, delivering a N2.68 trillion gain to investors despite volatility in banking stocks. The strong performance was driven largely by gains in industrial heavyweights, which offset losses in the financial sector and pushed the broader market to its best monthly showing of the...
NRC condemns repeated attacks on trains, seeks community support
The Nigerian Railway Corporation has condemned the rising attacks on train operations along the Abuja–Kaduna rail corridor, describing them as dangerous and disruptive. The corporation’s Chief Public Relations Officer, Callistus Unyimadu, disclosed this in a statement issued on Sunday in Lagos. He said the latest incident occurred around kilometre 177 on the route, where unidentified individuals reportedly gathered near the track...
2027: Peter Obi, Kwankwaso join NDC
Former Labour Party presidential candidate Peter Obi and ex-Kano State Governor Rabiu Kwankwaso have formally joined the Nigeria Democratic Congress (NDC). Obi and Kwankwaso joined the NDC at the party’s national secretariat in Abuja on Sunday, May 3, 2026. This comes a few hours after the two former governors announced their resignations from the African Democratic Congress (ADC). Kwankwaso commended the party’s...
LP fixes N50m presidential nomination fee
The Labour Party Nigeria has set ₦50 million as the cost of expression of interest and nomination forms for aspirants seeking its presidential ticket ahead of the 2027 general elections. The decision was announced in a statement issued by the party’s National Secretariat on Sunday, alongside a revised timetable for its electoral activities. While full details of the timetable were not...
Kidnappers slash ransom for 16 Ekiti church victims to N150m
Kidnappers who attacked a church in Eda-Oniyo, Ilejemeje Local Government Area of Ekiti State, killing a pastor and abducting 16 worshippers, have reduced their ransom demand from N1 billion to N150 million. The victims, who include women and children, have remained in captivity for six days since the incident. Chairman of the Eda-Oniyo Progressive Union, Dr. Rufus Ajayi, disclosed the development...
Refinery financing report false, no dispute with Elumelu — Dangote group
The Dangote Group has dismissed as false and malicious a report alleging a fallout between its President, Aliko Dangote, and Tony Elumelu over refinery financing. In a statement issued by its Group Chief Branding and Communications Officer, Anthony Chiejina, the company said neither Dangote nor the organisation made the claims attributed to them, describing the publication as a misrepresentation of...
NDC leaders host Obi, Kwankwaso amid defection talks
Leaders of the Nigeria Democratic Congress are holding a meeting with Peter Obi and Rabiu Musa Kwankwaso in Abuja, in what appears to be ongoing consultations ahead of a possible defection. The meeting, according to sources, is being attended by the party’s National Chairman, Moses Cleopas, and its National Leader, Seriake Dickson. Obi and Kwankwaso, who placed third and fourth respectively...
APC mocks Obi over ADC exit, alleges bid for easy presidential ticket
The All Progressives Congress has criticised former presidential candidate Peter Obi following his resignation from the African Democratic Congress. In a statement posted on X on Sunday, the party’s National Publicity Secretary, Felix Morka, described Obi as a “political rolling stone,” accusing him of moving across political parties in search of an uncontested presidential ticket. Morka alleged that the former Anambra...
EPL: Man United beat Liverpool to secure Champions League spot
Manchester United secured Champions League football next season as Kobbie Mainoo's strike earned the Red Devils a 3-2 victory over old rivals Liverpool on Sunday. United were 2-0 up inside 15 minutes through Matheus Cunha and Benjamin Sesko, but imploded after the break to allow Liverpool to level with goals from Dominik Szoboszlai and Cody Gakpo before Mainoo secured the...
