Author: News Room
The Central Bank of Nigeria (CBN) said Nigeria’s gross external reserves stood at $49.49 billion as of 15 May, providing an import cover of 9.04 months for goods and services. CBN governor Olayemi Cardoso revealed the figure at the press briefing held after the 305th Monetary Policy Committee (MPC) meeting on Wednesday in Abuja. According to CBN, Nigeria’s non-oil sector grew in the fourth quarter of 2025. This is attributed to key activities in the services sector, including information and communication, and transportation and storage activities. The country also recorded growth in the oil sector in the fourth quarter of…
Nigerian music stars, Tems, Wizkid, Burna Boy and Asake have earned nominations for the 2026 BET Awards. The News Agency of Nigeria (NAN) reports that the nomination list released on BET.com, the official website of the BET Awards, recognised the artistes across major international and music categories. Tems stands out as one of the most nominated African artistses, earning three nods: Best Female R&B/Pop Artist, the BET Her Award for her song “First,” and a Viewers’ Choice nomination for “Raindance,” her collaboration with Dave. Asake and Wizkid earned a joint nomination in the Best Group category, following their recent collaboration…
The Federal High Court in Abuja on Wednesday fixed 15 July for the arraignment of Azania Omo-Agege, the interim president of the Nigeria Boxing Federation (NBF), over alleged fraud involving N40 million. Judge Mohammed Umar fixed the date after the prosecution lawyer, Maryam Kalejaiye, sought an adjournment to allow the police investigating team to produce the defendants in court. Neither Mr Omo-Agege nor his lawyer was in court when the matter was called. Ms Kalejaiye informed the court that although the matter was scheduled for the defendants, Mr Omo-Agege and Sidali Efemana, to enter their pleas, the investigating team had…
The Federal Government has begiun the disbursement of delayed 2025 allowances for diaspora Nigerian students under the Bilateral Education Agreement BEA, programme. The update was contained in a statement released by the Federal Ministry of Education on May 19, 2026. The ministry anniunced that the Central Bank of Nigeria, has transferred approved funds to Nigerian embassies and foreign missions for onward payment to beneficiaries across partner countries. Minister of Education Maruf Tunji Alausa, disclosed that the amount released covers half of the outstanding obligations approved for 2025, adding that arrangements are being made for the payment of the remaining balance. The…
The Chief of Staff to the President, Femi Gbajabiamila, has described the All Progressives Congress, APC, House of Assembly primary election for Surulere Constituency I in Lagos State as peaceful, transparent and orderly. His remarks came shortly after the incumbent lawmaker representing the constituency, Desmond Elliott, announced his withdrawal from the contest over alleged intimidation of his supporters. Gbajabiamila spoke with journalists on Wednesday after casting his vote during the primary election held at Ward G2, Adeniran Ogunsanya Ward 5, located within the Alaka Housing Estate area of Surulere. The former Speaker of the House of Representatives said he was satisfied with…
There is fear aming residents of Kuntun Bokun area of the Paze axis of Kubwa, Bwari Area Council Abuja following a kidnapping incident. DAILY POST gathered on Wednesday that the gunmen had on May 15, invaded the community, shooting sporadically to scare residents before carrying of the attack. Residents, who spoke with our correspondent said the incident started around 11:40pm after several gunshots suddenly echoed across the area. According to eyewitnesses, the attackers were heard speaking Hausa while threatening to shoot anyone seen outside. One resident said many people initially believed the gunshots were coming from vigilante members who regularly patrol the area…
Barcelona forward Robert Lewandowski has conveyed his eagerness to compete against the Super Eagles once more, prior to the announcement of Poland’s squad for the friendly match against the African team. As reported by Polish media outlets, including Gol24, Poland’s manager, Jan Urban, is anticipated to reveal his squad for the forthcoming friendlies against Ukraine and Nigeria on Tuesday, May 26, just two days ahead of the commencement of the national team’s training camp. Despite Poland’s inability to qualify for the 2026 FIFA World Cup, Robert Lewandowski has no intentions of retiring from international football and has assured the coaching staff of…
Ahead of its presidential primaries for the 2027 general election, the African Democratic Congress on Wednesday screened former Vice President Atiku Abubakar and former Managing Director of FSB International Bank, Mohammed Hayatu-Deen, as consultations over the party’s ticket intensify. The exercise, held behind closed doors at the Transcorp Hilton, Abuja, was conducted by a screening panel chaired by former Cross River State governor, Liyel Imoke, with Cyril Maduabum serving as secretary. Hayatu-Deen arrived at the venue at about 10:50 a.m. and spent roughly one hour before the panel, while Atiku arrived later at about 12:06 p.m. Speaking with journalists after…
The Oyo State Police Command on Wednesday arrested two suspects, Shehu and Abubakar, in connection with the abduction of two staff members of the Cocoa Research Institute of Nigeria at Idi-Ayunre in Oluyole Local Government Area of the state. A statement issued by the state Police Public Relations Officer, Olayinka Ayanlade, in Ibadan, said the incident occurred at about 6 pm on Tuesday, May 20, 2026. He explained that a distress report was received at the Idi-Ayunre Divisional Police Headquarters from the chief security officer of CRIN, reporting the abduction of two staff members of the institution by unidentified armed…
The Kaduna State chapter of the National Democratic Congress on Wednesday declared support for a proposed presidential ticket involving Peter Obi and Rabiu Kwankwaso ahead of the 2027 general elections, vowing to unseat the ruling All Progressives Congress at both state and national levels. The party made the declaration during its first expanded joint executive committee meeting with local government and ward chairmen, as well as aspirants, held in Kaduna, the state capital. The meeting had in attendance the party’s governorship, National Assembly and House of Assembly aspirants, zonal executives, and local government and ward chairmen drawn from the 23…
