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, […]
In an interview with NBC News’ “Meet the Press” aired on Sunday, May 4, 2025, U.S. President Donald Trump dismissed speculation about pursuing a constitutionally prohibited third term in the White House. Responding to moderator Kristen Welker, Trump stated, “This is not something I’m looking to do,” emphasizing his focus on a successful four-year term. […]
Kano State Governor Abba Yusuf has reaffirmed his administration’s alignment with the political movement led by Senator Rabiu Musa Kwankwaso, praising the former governor’s foresight and leadership. Speaking at a meeting with 484 councillors from the state’s 44 local government areas on May 3, 2025, Yusuf described Kwankwaso as a divinely gifted leader whose advice […]
Former Education Minister and public accountability advocate Oby Ezekwesili has vehemently denied allegations that she accepted bribes to support Senator Natasha Akpoti-Uduaghan’s sexual harassment claims against Senate President Godswill Akpabio. In a statement posted on her verified X handle on May 4, 2025, Ezekwesili dismissed the accusations leveled by UK-based activist Sandra Duru, known as […]
The UK’s Manufacturing Africa (MA) programme and London-based TLG Capital have signed a strategic partnership to enhance Nigerian manufacturing companies’ access to capital through the Africa Growth Impact Fund II (AGIF II), which secured a $75 million first close towards its $200 million target on April 29, 2025. Anchored by the World Bank’s International Finance […]