Blog

NLC threatens strike over pension fund, issues seven-day ultimatum
Business

NLC to begin fresh minimum wage talks by July

The Nigeria Labour Congress has announced plans to begin negotiations for a new national minimum wage by July 2026, alongside a demand that workers nationwide receive 100 per cent of their basic salaries until the talks are concluded. The position was outlined in a joint May Day address delivered at Eagle Square in Abuja by […]

News

Early morning fire guts shop in Ilorin two-bedroom building

A building comprising a two-bedroom flat and seven shops was partially gutted by an early morning fire outbreak in Ilorin, the Kwara State capital. The incident occurred at about 4:56 a.m. on Sunday at No. 28 Ijoro Street, off Asa-Dam Road, where one of the shops in the building was affected before firefighters contained the […]

Oil and Gas

Nigeria eyes ₦6.8trn oil windfall from US-Iran war

Nigeria could record an additional N6.8 trillion in oil revenue in 2026 as rising crude prices driven by the ongoing US-Iran conflict strengthen the country’s fiscal outlook. This is according to BMI, a unit of Fitch Solutions, in its latest Sub-Saharan Africa market assessment for April, which also raised Nigeria’s 2026 growth forecast. The report […]

Entertainment featured

Michael Jackson tops global digital artist rankings after biopic release

Michael Jackson has surged to the top of the Global Digital Artist rankings, overtaking Justin Bieber, according to multiple digital streaming charts tracking worldwide music consumption. The spike in Jackson’s global performance comes in the wake of the release of the new biographical film MICHAEL, which has sparked renewed interest in his music catalog across […]

News

UBA denies Tony Elumelu divorce claims, arrests three suspects

The United Bank for Africa has dismissed as false and malicious a viral social media claim alleging that its Group Chairman, Tony Elumelu, has divorced his wife, describing the publication as a deliberate attempt to mislead the public and damage reputations. In a formal statement issued by the bank’s Group Head of Brand, Marketing and […]

Oil and Gas

OPEC+ raises output by 188,000 bpd as UAE exits

OPEC+ has approved a modest 188,000 barrels per day increase in production quotas for June, even as the United Arab Emirates formally exits the oil alliance. Nairametrics reported that the decision was reached during a virtual meeting on Sunday and comes at a time of heightened uncertainty in global oil markets, driven by geopolitical disruptions […]

Finance

CBN to raise ₦700bn in May treasury bills auction

The Central Bank of Nigeria has announced plans to raise N700 billion through a Nigerian Treasury Bills auction scheduled for May 7, 2026, marking the first issuance for the month and aligning with its second-quarter borrowing calendar. The planned auction was disclosed in an official tender notice issued by the apex bank on behalf of […]

Entertainment featured

UEFA eyes $5.9bn revenue from new TV rights deals

UEFA is on course to generate more than $5.9 billion in annual revenue from 2027, as a new round of international television rights agreements pushes the commercial value of its men’s club competitions to fresh highs, according to Bloomberg. Fresh broadcast deals tied to the 2027–2031 cycle for the UEFA Champions League, Europa League, and […]

Finance

NGX ETFs record major losses in April amid thin liquidity

Exchange Traded Funds listed on the Nigerian Exchange recorded a broadly negative performance in April 2026, with the Meristem Growth ETF leading the losers after plunging 59.29 per cent to N136.40, as eleven of the twelve tracked ETFs closed the month in the red. The Vetiva Griffin 30 ETF was the sole gainer, posting a […]

Entertainment featured

Uche Montana’s ‘Monica 2’ hits 4.3 million YouTube views

Nollywood actress and filmmaker Uche Montana has recorded another major digital milestone as her latest release, Monica 2, amassed over 4.3 million views on YouTube within 24 hours of its premiere. According to analytics reviewed by Nairametrics, the sequel generated approximately 4,403,874 views within its first 15 hours after debuting on Saturday, May 2, 2026, […]

featured Life Style

Dangote denies rift with Elumelu over refinery financing claims

The Dangote Group has denied any rift with billionaire businessman Tony Elumelu, warning content creators, organisations, and digital platforms against the spread of misinformation and AI-generated advertisements using its brand and leadership. The warning was conveyed in a statement by Anthony Chiejina, Group Chief Branding and Communications Officer at Dangote Industries Limited, following a viral […]

featured World

World Bank warns of 60% urea price surge

The World Bank has projected a 60 per cent surge in global urea prices in 2026, raising concerns over fertilizer affordability, food inflation, and agricultural productivity in developing economies. This was disclosed in the World Bank’s April 2026 Commodity Markets Outlook, which warns that tightening supply conditions, rising energy costs, and geopolitical disruptions could push […]