NNPC considers 51% equity deal with Chinese partners for key refineries
The Nigerian National Petroleum Company Limited is weighing a new equity partnership model that could see Chinese investors take a 51 per cent majority stake in the Port Harcourt and Warri refineries as part of efforts to revive and reposition the facilities. The plan follows the signing of a Memorandum of Understanding with Sanjiang Chemical Company Limited and Xinganchen (Fuzhou)...
NYSC extends 12 corps members’ service year in Osun
The National Youth Service Corps (NYSC) has extended the service year of 12 corps members from the 2025 Batch A stream 11 for various offences committed during the service year in Osun State. The NYSC spokesperson in Osun State, Catherine Otemuyiwa, made this known via a statement issued on Thursday, May 21, 2026. Otemuyiwa quoted the NYSC Coordinator, Ekeng Kubiangha, as...
Oil prices soar as investors doubt breakthrough in US-Iran peace talks
Oil prices climbed on Friday, May 22, 2026, but were on track for a weekly loss as investors doubted the prospects of a breakthrough in United States-Iran peace talks. Brent crude futures rose $1.66, or 1.6%, to $104.24 a barrel by 0405 GMT, while U.S. West Texas Intermediate futures were up $1.11, or 1.2%, at $97.46. On a weekly basis, Brent...
Stock market investors gain N73bn amid buying interest
The Nigerian stock market resumed its bullish trend on Thursday, May 21, 2026, as investors gained N73 billion on renewed buying interest in selected stocks. Renewed buying interest in some large- and mid-cap stocks, including International Energy Insurance, ABC Transport, Unilever Nigeria, Academy Press and 14 other equities helped push the market back into positive territory. Market capitalisation rose from N159.660...
Presidency dismisses claims of plan to rename Nigeria, abolish Sharia law
The Presidency has dismissed reports claiming that President Bola Tinubu plans to rename Nigeria the “United States of Nigeria” and abolish Sharia law in the northern region, describing the claims as false and misleading. In a statement on Thursday, presidential spokesman Bayo Onanuga said the viral report was fabricated and aimed at creating political tension ahead of the 2027 general...
BUA Cement shareholders approve N10.00 dividend as company’s revenue hits N1.2trn
The shareholders of BUA Cement Plc have approved a N10.00 dividend per share for the 2025 financial year. The approval was announced at the BUA Cement’s 10th Annual General Meeting held in Abuja on Thursday, May 21, 2026. The company’s audited for the ended December 31, 2025, released at the AGM, showed a record revenue of N1.2 trillion, representing a 34.5...
2027: APC declares Chinda Rivers governorship candidate
The All Progressives Congress (APC) has declared Kingsley Ogundu Chinda as its governorship candidate for Rivers State ahead of the 2027 general elections. The result was announced on Thursday in Port Harcourt by the chairman of the party’s governorship primary election committee and returning officer, Bitrus Kwamoti. Kwamoti made the declaration at the APC Secretariat after receiving results from collation officers...
FIFA releases World Cup 2026 anthem ‘Goals’ featuring Rema, LISA, Anitta
FIFA has released Goals, the latest single from the Official FIFA World Cup 2026 Album, featuring Nigerian Afrobeats star Rema, South Korean singer LISA, and Brazilian artist Anitta. The song was unveiled on Thursday via SALXCO UAM and Def Jam Recordings and is now available across major streaming platforms, alongside an official music video. Produced by Grammy-winning producer Cirkut, Goals blends...
Court nullifies parts of INEC’s 2027 election timetable
A Federal High Court in Abuja has nullified key aspects of the Independent National Electoral Commission (INEC)’s revised timetable and schedule of activities for the 2027 general elections. Delivering judgment in suit FHC/ABJ/CS/517/2026 filed by the Youth Party, Justice M. G. Umar held that INEC acted beyond its statutory powers by imposing electoral timelines not backed by the Electoral Act,...
Court jails 2 ex-bankers for withdrawing N1.2m from customers’ accounts
The Kaduna State High Court sitting in Kaduna has sentenced two former bankers, Obadofin Daniel Bamise and Hadiza Oyiza Yakubu, to prison over theft. The former officials of a new generation bank were prosecuted by the Economic and Financial Crimes Commission (EFCC) on separate one-count charges of theft. Obadofin’s charge read: "That you, Obadofin Bamise Daniel sometime between the 5th of...
