National News
Tinubu Announces Resolution Of OPL 245 Dispute: President Bola Ahmed Tinubu has announced the successful resolution of the long-standing dispute over Oil Prospecting Licence (OPL) 245.
PDP, LP Absent As INEC Releases Final List Of Candidates For 2026 Osun Governorship Election: The Peoples Democratic Party (PDP) and the Labour Party (LP) were conspicuously missing in the final list of candidates released by the Independent National Electoral Commission (INEC) for the 2026 Osun Governorship Election.
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Court Discharges, Acquits Suspended DCP Abba Kyari: Justice James Omotosho of the Federal High Court, Abuja, has discharged and acquitted suspended Deputy Commissioner of Police (DCP) Abba Kyari of a 23-count charge bordering on alleged non-declaration of assets.
Kano Assembly Moves To Impeach Deputy Governor: The Kano State House of Assembly has initiated impeachment proceedings against the Deputy Governor of Kano State, Aminu Abdulsalam Gwarzo.
Senator Seriake Dickson Dumps PDP, Joins New Party: Former Bayelsa state governor, Senator Seriake Dickson has defected from the Peoples Democratic Party (PDP) to the Nigeria Democratic Congress (NDC).
ADC Slams FG Over Budget Confusion: The African Democratic Congress has criticized the Federal Government over budget confusion, poor project implementation, and frequent policy reversals, stating that Nigerians are suffering like never before.
Tinubu Signs Police Training Institutions Bill: President Bola Tinubu has signed the Police Training Institutions Bill into law, establishing 48 specialized police training academies nationwide to enhance internal security.
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State Police Plans: President Tinubu has confirmed plans to establish state police, urging lawmakers to create a framework with safeguards to prevent abuse by state governors.
1,187 Police Cadets Graduate: President Tinubu reaffirms support as 1,187 police cadets graduate from the Nigeria Police Academy in Kano.
Tax Reforms: The Federal Government’s tax reforms are expected to dominate headlines in 2026, with heated debates over the new tax laws and their impact on Nigerians.
2026 Budget: The Federal Government has unveiled a N58.18 trillion budget for 2026, with a focus on defence, security, and economic growth.
Ekiti Governorship Election: The Ekiti State governorship election is scheduled for June 20, 2026, with the incumbent Governor, Biodun Oyebanji, seeking re-election.
Yabatech Student Killed Amid Rising Cult Violence: A student of Yaba College of Technology was reportedly killed in Lagos due to cult-related violence, raising concerns about escalating clashes around tertiary institutions.
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Zamfara Governor Weighs Defection: Governor Dauda Lawal is considering joining the ruling All Progressives Congress, with speculation that APC leaders have offered him an automatic ticket to contest the governorship in 2027.
State Police Framework: Inspector-General of Police, Tunji Disu, has inaugurated a committee to propose a framework for state police in Nigeria.
International News
US Court Jails Nigerian Six Years for $5m COVID-19 Fraud: A Nigerian has been sentenced to six years in prison for his role in a $5 million COVID-19 relief fund scam.
Iran Denies Closing Strait of Hormuz: Iran has denied allegations of closing the Strait of Hormuz, saying the US is endangering maritime security.
Trump Says He Must Be Involved in Choosing Iran’s Next Leader: Former US President Donald Trump has claimed he should be involved in choosing Iran’s next leader after the death of Ayatollah Khamenei.
African News
Islamist Militants Kill 14 Nigerian Soldiers: Islamist militants have killed at least 14 Nigerian soldiers in two separate attacks on army bases in Borno state.
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Central African Republic Seeks Russian Support on Energy: The Central African Republic has thanked Russia for its security backing and asked for help with energy problems.
US, Others Express Concern Over Ceasefire Violations in Eastern Congo: The US, EU, and others have expressed concern over ceasefire violations in eastern DR Congo and called on parties to recommit to ending fighting.
Middle East Conflict Escalation: The conflict has led to a surge in energy prices, with Brent crude topping $83 per barrel, and disruptions to global trade, including rice exports stuck at Indian ports.
Global Economic Impact: The conflict may lead to increased inflation, with the European Union’s consumer price inflation potentially rising by over a percentage point, and economic growth could be shaved off by up to half a percentage point.
Ukraine Support: Ukraine has offered to support US air defense efforts against Iranian Shahed drone strikes in the Middle East.
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Afghanistan Hunger Crisis: The UN warns that 200,000 more Afghan children face acute malnutrition in 2026 due to foreign aid cuts and violence ⁴.
Stock Exchange News
NGX Halts Rally: The Nigerian Stock Exchange’s All-Share Index (ASI) declined by 0.08% to 196,463.22 points, with market capitalization shedding N101.9 billion to N126.1 trillion.
Oil & Gas Stocks Extend Rally: The Oil and Gas index led the rally with a 4.52% gain, followed by the Commodity index which climbed 2.33%.
Top Gainers: Eterna Plc (+10%), NPF Microfinance Bank (+10%), and Premier Paints Plc (+9.92%).
Top Losers: Tripple Gee & Co. (-9.94%), Multiverse Mining & Exploration (-9.91%), and Jaiz Bank (-7.41%) ¹ ².
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Exchange Rate News
Naira Depreciation: The Naira continued to depreciate against the US Dollar, closing at N1,390 per dollar at the Central Bank of Nigeria’s official foreign exchange window.
Official Rate: The Naira opened at 1,382.87 per dollar and settled at a mid-morning quote of approximately 1,383.41.
Parallel Market: The dollar is being exchanged at rates ranging between 1,390 and 1,405 per dollar.
Entertainment News
Shank Comics Wins Best Streamer Award: Nigerian comedian Shank Comics took home the Best Streamer award at the 2026 SiGMA Africa Awards, recognizing his exceptional audience engagement and content delivery.
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Asake Tops Spotify Nigeria Charts: Asake has emerged as the most-streamed artist on Spotify Nigeria, solidifying his position in the music scene.
Fashion News
Nigerian Fashion Brands to Watch: Brands like Mugo Mugo, Ndiiche, and Dimeji Ilori are redefining Nigerian fashion with innovative designs, sustainability, and cultural storytelling.
AFROVISION X 2026: This global festival in Canada will spotlight Nigerian fashion, film, and music, promoting cultural creativity and exchange.
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Sport News
Super Eagles’ World Cup Hopes: Nigeria’s hopes of qualifying for the 2026 World Cup have been dashed as FIFA confirms DR Congo as Africa’s representative in the inter-confederation play-offs.
NFF Denies World Cup Elimination Reports, Says FIFA Yet To Rule On DR Congo Dispute: Nigeria’s hopes of reaching the 2026 FIFA World Cup are still alive, the Nigeria Football Federation (NFF) has insisted, dismissing reports that the country has already been knocked out of contention.
Osimhen Left Out of Galatasaray Squad: Victor Osimhen has been dropped from Galatasaray’s squad for their Turkish Cup tie against Alanyaspor.
Tammy Abraham Open to Nigeria Return: Tammy Abraham has expressed interest in playing for Nigeria after falling out of favor with England.
Rivers United Title Dream Intact: Finidi George insists his team’s 1-0 defeat to Bayelsa United won’t derail their NPFL title chances.
Nigeria Boxing Trials: 128 boxers are competing in the Nigeria Boxing Federation’s open trials to select 10 representatives for the 2026 Commonwealth Games in Glasgow.
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