The Nigerian naira recorded a mixed performance against the United States dollar on Friday, May 15, 2026, across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as traders monitored forex liquidity and demand pressures.

By Mathew Johnson The Tincan Island Port Command of the Nigeria Customs Service (NCS) has handed over a major seizure of illicit substances valued at N16. 7 billion to the National Drug Law Enforcement Agency (NDLEA), following a successful joint intelligence-led operation. Speaking during the handover ceremony at the Command, the Customs Area Controller, Tincan Island […]

By Yinka Kolawole, with agency report The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, are planning to continue a gradual increase in oil production quotas with a target of fully restoring a 1.65 million barrels-per-day output cut introduced in 2023 by September this year. According to a Bloomberg report yesterday, the alliance […]

“The syndicate reportedly created fake online identities and dating profiles to establish fraudulent emotional relationships with victims before manipulating them into sending large sums of money under false pretences and fabricated emergencies.

By Mariam Eko The Transmission Company of Nigeria, TCN, said it recorded about 276 vandalized infrastructure from 2022 to 2025 nationwide. Speaking at the public sensitization on the ills of vandalism of TCN infrastructure held at Itori, Ewekoro, Local government area, Ogun State, the General Manager, TCN, Lagos region, Engr. Adeshina Adeonipekun noted: “I can recall […]

By Yinka Kolawole The National Pension Commission (PenCom) has granted Pension Fund Administrators (PFAs) a special regulatory waiver to invest pension assets in the forthcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE. The approval, contained in a circular dated May 13, 2026, temporarily suspends some of the strict investment requirements that ordinarily […]

TechCabal is announcing Grey, the US-based global cross-border payments company serving nearly three million users across 70 countries, as the headline sponsor of Moonshot 2026

Cross River State governor, Senator Bassey Otu, Thursday, announced the resumption of bursary payments to Cross River students in tertiary institutions, alongside the introduction of special grants for medical students, in what he described as part of his administration’s renewed commitment to education, human capital development and the future of the state. The governor made […]

By Musa Ubandawaki, Sokoto SOKOTO:- Nigeria’s growing reliance on community based security structures to combat banditry, kidnapping, communal violence and rural attacks has come under fresh scrutiny as security experts, researchers and policy stakeholders called for the establishment of a stronger national accountability framework to regulate and strengthen grassroots security initiatives across the country. The […]

By Emem Idio, Yenagoa  The Ijaw Youth Council (IYC ) Worldwide, has congratulated the newly inaugurated leadership of the Ijaw National Congress (INC) led by Chief (Barr.) Macdonald Igbadiwei following their successful inauguration held on Thursday, 14th May 2026 at the Chief Tunde Smooth Playground in Warri South Local Government Area of Delta State, Warri, […]

By Joseph Erunke, Abuja Ahead of the commencement of the All Progressives Congress,APC primaries for the 2027 general elections, the party has been hit by fresh controversy as the North-Central APC Forum raised concerns over alleged irregularities, lack of transparency and growing discontent among stakeholders. The alarm came as the APC House of Representatives primaries, […]

Gbajabiamila made the revelation during a constituency stakeholders’ meeting held in Lagos, where he spoke on the controversy surrounding actor-turned-lawmaker Desmond Elliot.

By Gabriel Ewepu The African Network for Environmental and Economic Justice (ANEEJ) has raised alarm over the massive drain of Nigeria’s financial resources through Illicit Financial Flows (IFFs), saying the phenomenon continues to undermine the country’s development efforts. The group made the declaration on Thursday in Abuja during the public presentation of a research report […]

The  Naira yesterday depreciated to N1,392 per dollar in the parallel market from N1,388 per dollar on Wednesday.

Leading opposition top shots, yesterday, displayed their determination to wrest the presidency from President Bola Tinubu of the All Progressives Congress, APC, by taking decisive steps to actualise their ambition.