The Nigerian stock market extended its bullish run in May 2026, with investors gaining approximately ₦4.52 trillion as strong performances in industrial, insurance, and banking stocks lifted key market indicators despite weakening market breadth. Data from the Nigerian Exchange (NGX) showed that the All-Share Index (ASI) rose by 3.35 per cent during the month, climbing …
Three years into President Bola Tinubu’s administration, Nigeria’s economy tells a story of sharp reforms, painful adjustments and an unfinished struggle to convert macroeconomic stability into broader prosperity. Since taking office in May 2023, Tinubu’s government has pursued two defining economic reforms — fuel subsidy removal and exchange rate unification — aimed at stabilising public …
Nigeria’s economy will grow by 3.93 per cent in the second quarter of 2026, CardinalStone Research has projected. The projection will be supported by stronger oil production and the resilience of the non-oil sector despite rising global geopolitical tensions. In its latest review of Nigeria’s Q1 2026 gross domestic product (GDP) report, the research firm …
The National Drug Law Enforcement Agency (NDLEA) has uncovered consignments of high-potency illicit drugs concealed inside water purifier machines imported from Europe, while also intercepting a cache of military-grade ammunition and arresting multiple suspects in separate operations across the country. The agency said the discoveries were made through intelligence-led operations, routine surveillance and highway interdiction …
On the eve of World No Tobacco Day (WNTD) 2026, a parallel narrative is once again gaining momentum across digital platforms, retail spaces, and influencer-driven marketing networks. It is being promoted under a deceptively celebratory label, “World Vape Day.” At face value, it appears to align with modern harm-reduction discourse, positioning vaping as a cleaner, …
The Nigerian National Petroleum Company Limited (NNPC) recorded an upsurge in revenue in April 2026 just as it witnessed a significant recovery in upstream production. The NNPC monthly report for April 2026, released on Saturday, indicates that its revenue rose by 79 per cent to ₦4.971 trillion in April from ₦2.774 trillion recorded in March. …
The Dangote Petroleum Refinery has further reduced the gantry price of its premium motor spirit (petrol) from ₦1,275 to ₦1,250 per litre, bringing relief to Nigerian consumers. This latest adjustment, which represents a 25 per litre price cut, takes effect Saturday, May 30, 2026, according to a report by Petroleumprice.ng, quoting a refinery source. The …
The average retail price paid by consumers for Premium Motor Spirit (PMS), also known as petrol, rose to ₦1,532.93 in April 2026. Year-on-year, this indicates a 23.69 per cent increase compared to the ₦1,239.33 recorded in April 2025. Also, the average price reflects an 18.97 per cent increase from ₦1,288.54 in March 2026. According to …
The Nigerian Correctional Service (NCoS) has denied allegations that officials at the Kuje Medium Security Custodial Centre robbed inmates of valuables, describing the claims as false, misleading and inconsistent with prison regulations. The reaction follows an online report alleging that a former bank executive, Tunde Ayeni, who is currently facing trial by the Economic and …
Former Vice President Atiku Abubakar on Thursday visited former Rivers State Governor and ex-Minister of Transportation, Rotimi Amaechi, at his residence in Abuja, barely a day after emerging as the presidential candidate of the African Democratic Congress (ADC). Atiku secured the ADC ticket on Wednesday after polling 1,846,370 votes to defeat Amaechi, who scored 504,117 …
