Naira Holds Steady at Official Market The Nigerian naira maintained a stable performance against the United States dollar on Tuesday, June 2, 2026. Data from the Central Bank of Nigeria (CBN) showed the official Nigerian Foreign Exchange Market (NFEM) rate remained at ₦1,373.25 per dollar. Market participants attributed the stability to steady foreign exchange inflows…
World Bank Funding Exceeds $3.6bn Nigeria’s electricity sector received at least $3.653 billion in World Bank-backed funding between 2001 and 2024. Despite the massive investment, millions of Nigerians still struggle with poor power supply. Data from the World Bank showed that several projects targeted transmission upgrades, sector reforms, rural electrification and renewable energy development. According…
Community Wakes to Deadly Midnight Attack Residents of Ayegunle Bunu in Kabba/Bunu Local Government Area of Kogi State are reeling from a deadly bandit attack that left one person dead and more than 30 others abducted. The attack occurred in the early hours of Monday, June 1, 2026. According to reports, the gunmen struck at…
YouTube Creators Score Massive Box Office Success Two of the biggest films in America, Backrooms and Obsession, are changing the conversation around modern filmmaking. Both movies were directed by young creators who built their careers on YouTube. Their success has drawn attention across Hollywood and sparked discussions about the future of movie production. Industry experts…
Kanye West returned to the European stage with a massive concert in Turkey, attracting more than 118,000 fans despite facing restrictions and cancellations in several countries. The American rapper, popularly known as Ye, performed on Saturday night at Istanbul’s Ataturk Olympic Stadium. The event marked his first European performance since 2014 and his debut concert…
A High Court sitting in Oba, Idemili South Local Government Area of Anambra State, has sentenced a commercial tricycle operator, Makuachukwu Ezike, to death by hanging for the murder of a passenger during a “one chance” robbery operation. The court found Ezike guilty of killing Jude Onwuegbuchunam, an indigene of Umuoji, after a violent robbery…
Sweden’s Public Health Agency has urged parents to limit smartphone use when spending time with their children. The agency issued the recommendation after reviewing research on the effects of screen exposure and digital habits within families. New Guidelines Target Parent Screen Use Previously, the agency encouraged parents to reflect on their smartphone habits around children….
Atiku Abubakar, presidential candidate of the African Democratic Congress (ADC), visited Mohammed Hayatu-Deen at his Lagos residence on Sunday as part of efforts to unite the party after its presidential primary. Hayatu-Deen had boycotted the announcement of the ADC presidential primary results over allegations of irregularities. Speaking to journalists after the meeting, Atiku said he…
The Nigeria Union of Teachers has declared an indefinite strike in Oyo State over the abduction of pupils and teachers in Oriire LGA. The union directed all public primary and secondary school teachers in the state to withdraw their services from Monday, June 1, until the victims are rescued and reunited with their families. In…
The Governor of Cross River State, Bassey Otu, has unveiled the theme for Carnival Calabar 2026. He also announced new innovations designed to increase participation and expand economic gains. The governor presented the theme, “Rethinking Our Collective Destiny,” on Sunday night in Lagos. The event also marked the 21st anniversary of the carnival. Tourism stakeholders,…
