Oil prices rise amid Strait of Hormuz closure
Oil prices rose on Friday, May 1, 2026, as efforts to resolve the Iran war remained at an impasse, with Tehran still blocking the Strait of Hormuz and the United States Navy blocking exports of Iranian crude. Brent crude futures for July were up $1.04, or 0.94%, to $111.44 per barrel by 0421 GMT, while West Texas Intermediate futures had...
Kano TikToker who led underwear campaign gets LG appointment
A TikTok personality who sparked widespread reactions last week, raising underwear in an alleged 'underwear empowerment' has been appointed to a government position in Kano State. Fatima Naseer, popularly known as Teemahcool and leader of the Gida-Gida TikTokers group, has been named Supervisor for Women Affairs in Nassarawa Local Government Area. Her appointment was approved by the Chairman of Nassarawa LGA,...
Airlines, ground handlers head for showdown over N9bn debt
Airline operators in Nigeria have lost over N150 billion within two months, as a deepening standoff with ground handling companies over N9 billion in unpaid debts threatens to ground flights across the country. A member of the Board of Trustees of the Airline Operators of Nigeria, Roland Iyayi, raised the alarm at the weekend, warning that operators were approaching breaking...
Dangote refinery recalls engineers sacked over operational disruptions
Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, granting what management described as a conditional pardon following internal disciplinary proceedings linked to operational disruptions. In a memo signed by Group Vice President, Oil & Gas, Devakumar Edwin, the company said the decision followed an extensive review process and appeals from stakeholders, describing the...
Supreme Court nullifies Ibadan convention, restores Anyanwu-led PDP secretariat
The Supreme Court has affirmed the nullification of the Peoples Democratic Party's November 2025 national convention held in Ibadan, Oyo State, restoring the party's pre-convention leadership structure as the sole recognised authority. The judgment, delivered on Thursday, upheld earlier rulings by the Federal High Court and the Court of Appeal, which had voided the convention conducted on November 15 and...
Stock market extends bullish rally as investors gain N3.2trn
The Nigerian stock market closed bullish on Thursday, April 30, 2026, leading to N3.266 trillion gains for investors. The positive performance was driven by continued demand for industrial, consumer, and energy stocks such as Seplat Energy, Unilever, CAP, FTN Cocoa Processors, UAC of Nigeria, and 41 others. The market capitalisation, which opened at N152,728 trillion, added N3.266 trillion or 2.14 per...
Seplat Energy revenue rises to $840.7m as profit hits $37.9m in Q1 2026
Seplat Energy Plc has posted revenue of $840.7 million for the first quarter ended March 31, 2026, up from $809.3 million recorded in 2025. The company’s revenue rose 4 per cent year-on-year, reflecting stronger output and pricing support across its oil and gas portfolio. Seplat disclosed the results via a statement issued on Thursday, April 30, 2026. Gross profit stood at $370.5...
GTCO posts N302.9bn profit as shareholders’ funds hit N3.6trn in Q1 2026
Guaranty Trust Holding Company Plc (GTCO) reported profit before tax of N302.9 billion for the first quarter which ended March 31, 2026. GTCO disclosed this in its unaudited consolidated and separate financial statements for the first quarter released on Thursday, April 30, 2026. Interest income and fee income rose by 17.5 per cent and 7.1 per cent year-on-year, reflecting sustained momentum...
INEC fixes June 20 for by-elections in 6 states
The Independent National Electoral Commission (INEC) has fixed June 20, 2026, for the conduct of by-elections in six states. The INEC Chairman, Prof. Joash Amupitan, announced this at the swearing-in of a new National Commissioner, Rear Admiral Jamila Malafa (rtd), in Abuja on Thursday, April 30. Amupitan said the by-elections would be conducted alongside the Ekiti State governorship election scheduled for...
First Lady distributes 100 trucks of rice, N1.2bn palliatives to northern Muslim communities
First Lady Senator Oluremi Tinubu has flagged off the distribution of 100 trucks of rice and N1.2 billion in palliative support to vulnerable Muslim communities across the 19 northern states and the Federal Capital Territory, ahead of Eid el-Kabir. Speaking at the event held at the Abba Kyari Banquet Hall on Thursday, Senator Tinubu described the gesture as a fulfilment...
