Dangote Packaging Limited (DPL) has unveiled plans to enter the African export market, leveraging a significant increase in production capacity at its two manufacturing plants. During a strategic board meeting on Tuesday, May 6, 2025, DPL’s Chairman, Mr. Robert Ade-Odiachi, announced that new machinery has boosted monthly production of polypropylene bags from 36 million to […]
The Nigerian Exchange (NGX) Group House in Lagos hosted a gathering of industry leaders, financial experts, and dignitaries on May 6, 2025, for a tribute session and special closing gong ceremony to honor the late Dr. Pascal Dozie, former President of the Council of the Nigerian Stock Exchange (NSE). The event celebrated Dozie’s transformative leadership, […]
The Nigerian stock market maintained its bullish momentum on Tuesday, May 6, 2025, gaining N1.045 trillion on the Nigerian Exchange Ltd. (NGX). Market capitalization rose by 1.56% to N68.105 trillion from N67.060 trillion on Monday, while the All-Share Index (ASI) climbed 1,662.60 points, or 1.56%, to close at 108,361.10, up from 106,698.50. The rally was […]
Banks’ borrowings from the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) dropped sharply by 97.6% month-on-month to N380 billion in April 2025, down from N16.5 trillion in March, indicating enhanced liquidity in Nigeria’s banking system. According to CBN financial data, banks borrowed N50.46 trillion through the SLF in the first quarter of 2025 […]
The Kano State Government has disclosed that the persistent water crisis in the state stems from the moribund and vandalized water works inherited from the administration of former Governor Abdullahi Ganduje (2015–2023). During an inspection tour of the affected facilities on May 6, 2025, Commissioner for Water Resources Hon. Haruna Doguwa revealed that key water […]
A 20-year-old man, Muhammad Salisu, has been arrested in Jigawa State for allegedly killing his 52-year-old father, Salisu Abubakar, with a machete in Bakin Kasuwa Quarters, Sara District, Gwaram Local Government Area. The incident, which occurred around 10:00 a.m. on Monday, May 5, 2025, was confirmed by Jigawa Police Command Spokesperson SP Lawan Shiisu Adam. […]
Former Vice President Atiku Abubakar, the 2023 presidential candidate of the Peoples Democratic Party (PDP), has dismissed rumors of defecting to the ruling All Progressives Congress (APC), reaffirming his commitment to the PDP. During a meeting with women members of the party’s Board of Trustees (BoT) in Abuja on May 5, 2025, Atiku emphasized the […]
The legal team of Martins Vincent Otse, popularly known as VeryDarkMan (VDM), has accused the Economic and Financial Crimes Commission (EFCC) of violating his constitutional rights by failing to formally disclose specific charges following his arrest on May 1, 2025, in Abuja. Zainab Otega, a member of VDM’s legal team from Deji Adeyanju & Partners, […]