Former Delta State Governor Ifeanyi Okowa, who was also the vice-presidential candidate of the Peoples Democratic Party (PDP) in the 2023 elections, and the current Governor of Delta State, Sheriff Oborevwori, have officially defected to the All Progressives Congress (APC). This significant political shift was announced on April 23, 2025, during a stakeholders’ meeting in Asaba. Key Details: This development marks a major realignment in Delta State’s political landscape. Let me know if you’d like further insights!
Author: Akintayo Adams
Nigeria’s broad money supply climbed to ₦114.22 trillion in March 2025, despite the Central Bank of Nigeria’s efforts to tighten monetary policy in the last quarter. Key Points: This highlights the complex interplay between Nigeria’s financial policies, inflation trends, and liquidity management. Let me know if you’d like further insights!
Nigeria’s electricity generation peak has experienced a steady decline over the past three days, dropping to 4,742.20 megawatts. This is according to the National Grid performance report covering April 17 to April 19, 2025. Key Details:
Hundreds of residents in Kano have been flocking to a muddy pool in the Hotoron Arewa area, believing it contains the sacred footprints of Prophet Muhammad. The site has become a spiritual hub, with people bathing in and drinking the water, hoping for blessings and healing. Key Details:
Gold prices have surged to an unprecedented $3,500 per ounce, marking a historic milestone in the global financial markets. This remarkable rally is attributed to escalating geopolitical tensions, concerns over U.S. monetary policy, and a weakening dollar. “This comes as Trump ratchets up pressure on Powell to ease monetary policy, raising concerns about Fed independence,” wrote ING commodities strategists in a Tuesday note, adding that exchange-traded fund holdings in gold are at their highest levels since September 2023. Key Highlights:
Nine Nigerian banks collectively generated a staggering ₦14.26 trillion in interest income for the year 2024, marking a 119.55% increase compared to ₦6.49 trillion in 2023. This is according to an analysis of the audited financial results of the financial institutions. An analysis of the audited financial results of First Holdco, Guaranty Trust Holding Company, Zenith Bank Plc, United Bank for Africa, FCMB Group, Fidelity Bank, Stanbic IBTC Holdings, Access Holdings, and Wema Bank filed with the Nigerian Exchange Limited (NGX) showed revenue earned from interest in the nine banks in the 2024 financial year rose by 119.55 percent to…
The Vatican has announced the passing of Pope Francis, the 266th pontiff of the Roman Catholic Church, on Monday morning, April 21, 2025. The 88-year-old pontiff, born Jorge Mario Bergoglio, was the first pope from Latin America and served as the head of the Catholic Church since 2013. Key Details: This marks the end of an era for the Catholic Church, as preparations begin for the conclave to elect a new pope.
A fire broke out this afternoon at Gbagi Market, located in Ibadan, Oyo State, causing damage to two shops before emergency response teams successfully brought the situation under control. Key Details:
Grammy-winning Nigerian artist Burna Boy has generously gifted ₦20 million to controversial singer Portable following his victory over Speed Darlington in their celebrity boxing match. The event, dubbed “Chaos in the Ring”, took place on April 18, 2025, at the Balmoral Convention Centre in Lagos. Key Highlights:
Nigerian chess master Tunde Onakoya, founder of Chess in Slums Africa, has officially broken the Guinness World Record for the longest chess marathon, surpassing the previous record of 61 hours. Onakoya achieved this feat alongside Shawn Martinez, a U.S. chess master, during a marathon held at Times Square, New York City. Key Highlights: