NAF airstrikes destroy terrorists’ enclaves at Nigeria-Cameroon border
The Nigerian Air Force (NAF) says its air component under Operation Hadin Kai has destroyed terrorist strongholds in the Southern Tumbuns and Mandara Mountains along the Nigeria-Cameroon border. The NAF Director of Public Relations and Information, Air Commodore Ehimen Ejodame, disclosed this in a statement issued on Wednesday, May 20, 2026. Ejodame said the precision airstrikes conducted on May 19 at...
Oil prices fall as Trump vows quick end to Iran war
Oil prices were down about 1% on Wednesday, May 20, 2026, after United States President Donald Trump again asserted the war with Iran will end "very quickly". Brent crude oil futures fell $1.11, or 1.0%, to $110.17 a barrel by 0640 GMT, while U.S. West Texas Intermediate futures were down $1.12, or 1.1%, to $103.03. A senior oil research analyst at...
Access Bank FX liquidity strong enough to service $1bn debt – Fitch
Access Bank Plc has sufficient foreign currency liquidity to meet its upcoming $1bn external debt obligations, according to a new assessment by Fitch Ratings. The global rating agency said in its latest review that the bank is well-positioned to service its maturing hard-currency debts, despite ongoing macroeconomic pressures and tight liquidity conditions in the domestic market. Fitch affirmed Access Bank’s Long-Term...
PCACC summons ex-Kano HoS over wage allegations
The Kano State Public Complaints and Anti-Corruption Commission (PCACC) has invited a former Head of Service in the state, Abdullahi Musa, over allegations of illegal deductions from workers’ salaries. Chairman of the commission, Sa’idu Yahaya, disclosed this in an interview in Kano on Tuesday, saying Musa has been directed to appear before the agency within a week to respond to...
Singer Niniola loses husband
Nigerian afro-house singer Niniola has announced the death of her husband, Michael Ndika. The Grammy-nominated artiste shared the news in a series of emotional posts on her Instagram story in the early hours of Wednesday. “God took him,” she wrote in one post, followed by another that read, “My husband died.” In a third message, she added: “God took him. 13...
Five factors in Arsenal’s Premier League title win
Arsenal ended their 22-year wait for a Premier League title on Tuesday after Manchester City were held to a 1-1 draw by Bournemouth, handing Mikel Arteta’s side the crown with one game left in the season. After finishing as runners-up for the previous three campaigns, Arsenal finally overcame Pep Guardiola’s City to secure a long-awaited triumph. Below are at the key...
Dangote plans multi-billion-dollar Olokola seaport
Dangote Industries Limited has begun preliminary steps toward building a multi-billion-dollar deep seaport at the Olokola Free Trade Zone, as part of its broader expansion into logistics, maritime infrastructure, and export-driven industrialisation. The company said the proposed facility, which will cover more than 10,000 hectares, forms a key part of its Vision 2030 strategy aimed at positioning the group as...
Stock market rebounds with N917bn gain
Investors on the Nigerian Exchange Limited gained N917 billion on Tuesday as the market rebounded to profitability, reversing its previous bearish trend on renewed bullish rally. The uptick was driven by gains in FTN Cocoa Processors, Zichis Agro Allied Industries, Skyway Aviation Handling Company, Caverton Offshore Support Group, JaPaul Gold, and 22 other equities. The market capitalisation rose by 0.57 per...
AFCON 2027 qualifiers: Nigeria to face Tanzania, Madagascar, Guinea-Bissau
The Super Eagles of Nigeria will face Tanzania, Madagascar, and Guinea-Bissau in Group L of the 2027 Africa Cup of Nations (AFCON) qualifying series. The draw conducted on Tuesday in Cairo, the capital of Egypt, by the Confederation of African Football (CAF), launched preparations for the continental championship. The 2027 tournament will be jointly hosted by Kenya, Uganda, and Tanzania under...
US extradites Nigerian to face romance fraud, money laundering charges
A Nigerian national, Samuel Ugberaese, has been extradited to the United States to face charges related to an alleged cross-border romance fraud and money laundering scheme targeting elderly victims. Ugberaese was arrested by the Federal Bureau of Investigation (FBI) after his extradition from Nigeria and has been arraigned before a U.S. Magistrate Court in the Eastern District of North Carolina....
