Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N835 per litre to N825 per litre, effective May 12, 2025. This marks the fourth price cut in 2025, following a reduction from N865 to N835 per litre in April, and earlier decreases […]
Hamas announced on Sunday, May 11, 2025, its intention to release Edan Alexander, a 21-year-old US-Israeli soldier and the last known living American hostage held in Gaza, as a gesture to facilitate ceasefire negotiations and resume humanitarian aid deliveries. A source close to Hamas told AFP that Alexander’s release was “most likely” to occur on […]
A tragic incident cast a shadow over the upcoming Imo Awka Festival in Awka, Anambra State, as a young boy dressed as a masquerade was fatally crushed by a commercial tricycle (Keke NAPEP) on Sunday, May 11, 2025. The accident occurred in Imo Awka, along a busy road where masquerades were performing in anticipation of […]
The Joint Admissions and Matriculation Board (JAMB) has launched a detailed investigation into complaints surrounding the 2025 Unified Tertiary Matriculation Examination (UTME) results, released on Friday, May 2, 2025. In a press release issued on Monday, May 5, JAMB’s Public Communication Advisor, Fabian Benjamin, acknowledged a “significant volume of unusual complaints” primarily from a few […]
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. […]