May, 2026 - Skypenewsnaija

Tinubu Hails $4.7bn Nigeria-France Trade Growth At Africa Forward Summit

President Bola Tinubu has hailed the growing economic ties between Nigeria and France after bilateral trade between both countries reached $4.7 billion in 2025. In a statement issued on Tuesday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, Tinubu also said Nigeria’s partnership with France has entered an “execution phase,” […]

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May 13, 2026
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Breaking News

Nigeria Will Spend About $11.6bn On Debt Servicing In 2026— Tinubu

President Bola Tinubu has said that Nigeria will spend about US$11.6 billion on debt servicing in 2026. According to a statement by presidential spokesperson, Bayo Onanuga, Tinubu made the remarks on Tuesday while leading Nigeria’s government, diplomatic, and business delegation to the Africa Forward Summit at the Kenyatta Convention Centre in Nairobi. According to him, […]

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May 13, 2026
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Business

Union Bank Honoured by ASBON at Nigeria National SME Business Awards

Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos. The award was presented to the Bank in recognition […]

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May 13, 2026
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Breaking News

Tributes pour in as Nollywood actor Alexx Ekubo dies at 40

The Nigerian entertainment industry has been thrown into mourning following the reported death of popular Nollywood actor Alexx Ekubo, who died at the age of 40 after a prolonged battle with cancer. According to The Sun Nigeria, family sources said the actor passed away on Monday, May 11, 2026, after months of illness. Alexx Ekubo’s […]

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May 13, 2026
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Economy

NMDPRA: Petrol consumption rises 10.78% despite price hike

Despite an increase in the pump price of Premium Motor Spirit (PMS), also known as petrol, daily consumption rose by 10.78 percent in April to 52.4 million litres, from 47.3 million litres recorded in March, data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has indicated. Petrol price averaged N1,370 per litre in […]

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May 13, 2026
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World

Africa Must Process Its Own Resources, Compete Globally – Tinubu

President Bola Ahmed Tinubu has called for deeper economic integration across Africa, stressing the need for policies that prioritise the continent’s industrial growth and prosperity. According to a statement by presidential spokesperson, Bayo Onanuga, Tinubu made the remarks on Tuesday while leading Nigeria’s government, diplomatic, and business delegation to the Africa Forward Summit at the […]

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May 13, 2026
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Breaking News

My autobiography written to clarify history, not reopen civil war wounds — Gowon

Former Nigerian Head of State, Yakubu Gowon, has said his newly released autobiography was written to provide clarity on the decisions and policies of his administration during the Nigerian Civil War, stressing that the book was not intended to revive painful memories of the conflict. Gowon spoke ahead of the public presentation of the 881-page […]

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May 12, 2026
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Entertainment

UPDATED: Nollywood star Alex Ekubo dies at 40

Popular Nollywood actor, Alex Ekubo, is dead. He was 40. His death was confirmed on Tuesday by his colleagues, Funke Akindele, Bolanle Ninalowo, and Godwin Nnadiekwe, who claimed to be his ally. Sharing on her Instagram story, Akindele wrote, “Hmmmmmm. Rest in peace, Alex. I tried to reach out to see you one more time, […]

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May 12, 2026
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Breaking News

Network Irregularities Won’t Surpass This Year, ATCON Assures Nigerians

The President of the Association of Telecommunications Companies of Nigeria (ATCON) Tony Emoekpere, has assured Nigerians that the persistent network irregularities affecting telecommunications will not persist this year. Emoekpere said this on Tuesday during an interview on Channels Television’s The Morning Brief. “There have been positive things already being done, projects have already been put […]

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May 12, 2026
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Business

Fidelity Bank’s liquidity position rises above N1trn on stronger cash holdings

Fidelity Bank strengthened its liquidity position in the 2025 financial year as cash and cash equivalents rose by 87 percent to N1.32 trillion, reflecting improved cash buffers, stronger deposit mobilisation, and growth in interest-earning assets. The lender’s audited financial statement for the year ended December 31, 2025, showed that cash and cash equivalents increased from […]

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May 12, 2026
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