Author: Naija Daily News

By Deborah Nnamdi Minister of the Economy, Mr. Wale Edun, has signed a landmark agreement with the African Development Bank (AfDB) to inject $500 million into the Nigeria Trust Fund (NTF) and extend its operations until 2040. The agreement was formalized during a signing ceremony held in Abidjan on the sidelines of the AfDB Annual Meetings. Outgoing AfDB President, Dr. Akinwumi Adesina, represented the Bank at the event. Established in 1976, the NTF offers concessional financing to support vital development projects across low-income African nations. Unlike the African Development Fund (ADF), which allocates resources to countries, NTF funds are designated…

Heirs Insurance Group has officially opened entries for its fourth annual national essay competition, offering junior secondary school students across Nigeria the chance to win scholarships and grants worth N10.5 million. The 2025 Heirs Insurance Essay Championship comes with an exciting new twist – the introduction of a special category for teachers. This expansion reflects the company’s growing commitment to education and financial literacy in Nigeria. Competition DetailsOpen to all JSS students nationwide, participants must submit original 500-word essays on “The Role of Insurance in Keeping Families Safe and Secure.” The submission portal will remain open from May 27 through…

TotalEnergies has reached an agreement to sell its 12.5% non-operated interest in Nigeria’s OML 118 oil block to Shell Nigeria Exploration and Production Company (SNEPCo), in a $510 million deal that reinforces Shell’s commitment to offshore oil production in Nigeria. The French energy major disclosed on May 29, 2025, that the transaction, conducted through its local subsidiary TotalEnergies EP Nigeria, is subject to customary conditions, including regulatory approvals. The OML 118 Production Sharing Contract (PSC) includes the Bonga and Bonga North deepwater oilfields, located approximately 120km offshore the Niger Delta. Once completed, Shell’s equity in OML 118 will rise to…

…21 Corpses Recover, 51 Homes Swept Away- NEMA File Photo: Flood devastation A devastating flood in Niger State has claimed at least 21 lives and left dozens missing after hours of torrential rainfall overwhelmed Mokwa Local Government Area late Tuesday night. The flash flood, one of the worst in recent years, caused severe damage in Mokwa town, submerging homes and vehicles and displacing numerous families. The sudden flood swept through the communities of Tiffin Maza and Anguwan Hausawa, catching residents and commuters completely unprepared. More than 50 residential homes were reportedly engulfed by floodwaters, leading to significant loss of life…

By Deborah Nnamdi The Rivers State Police Command hash confirmed the killing of a notorious kidnapper and murder suspect, David Uzoma Kamalu, also known as “M-Kaze,” during a raid on his hideout in Rumuodogu 1 Community, Emohua Local Government Area. According to a statement by the command’s spokesperson, SP Grace Iringe-Koko, made available to newsmen in Port Harcourt on Thursday, the operation was carried out by officers from the Rumuji Division in the early hours of May 25, 2025, following days of intensive intelligence gathering. Kamalu, who was on the wanted list for a series of high-profile crimes, including armed…

By Deborah Nnamdi A major tragedy was narrowly avoided on Wednesday in Taraba State when classrooms at Government Secondary School, Namnai, in Gassol Local Government Area collapsed amid a severe downpour. The incident occurred while final-year students were sitting for the West African Senior School Certificate Examination (WASSCE), prompting hundreds of students and examination officials—including members of the National Youth Service Corps (NYSC)—to flee for safety. Eyewitnesses reported that the storm began around 6 p.m., shortly after a second batch of students had commenced their examination. Intense winds and heavy rain led to the structural failure of the building, trapping…

By Deborah Nnamdi A tragic incident unfolded in Aba, Abia State, on Wednesday when a large billboard collapsed during a heavy downpour, killing a tricycle passenger and injuring several others along the Aba-Owerri Road. The collapse occurred near the popular GIA Event Centre, sparking panic and causing significant traffic gridlock. Multiple tricycles were damaged as operators and passengers frantically tried to escape the falling structure. Eyewitnesses reported that the billboard, suspected to have been poorly constructed, buckled under the force of the rain and strong winds, crashing onto several parked tricycles that routinely gather at the spot to pick up…

By Deborah Nnamdi Gunmen suspected to be Fulani bandits launched a nighttime attack on the palace of a traditional ruler in Kokona Local Government Area of Nasarawa State, firing sporadically before abducting the monarch. Residents who spoke with our correspondent confirmed that the Sangarin Dari, Mr. Emmanuel Omanji, was kidnapped from his residence on Wednesday night during the violent raid. According to eyewitness accounts, the assailants arrived heavily armed, fired shots indiscriminately, and forcibly took the traditional ruler to an unknown location. The Nasarawa State Police Public Relations Officer, DSP Ramhan Nansel, confirmed the incident and stated that the Commissioner…

President Bola Tinubu Fellow Nigerians, as we mark the second anniversary of our administration, I salute your resilience and undaunted spirit. Two years ago, you entrusted me with the sacred responsibility to lead our nation at a time of historic challenges. Together, we have faced these headwinds with courage and determination. The economic and general situation of the country I inherited required that we redirect the country’s affairs with a bold and new vision. I immediately implemented two necessary policies to stop our country from further drifting into the precipice. It was apparent that if the federal government and the…

The Court of Appeal sitting in Abuja on Thursday affirmed the election victory of Governor Monday Okpebholo of the All Progressives Congress (APC) as the duly elected Governor of Edo State. A three-member panel led by Justice M. A. Danjuma dismissed the appeal filed by the Peoples Democratic Party (PDP) and its candidate, Asuerinme Ighodalo, challenging the outcome of the Edo State governorship election held on September 21, 2024. The appellate court found no basis to overturn the earlier decision of the Edo State Governorship Election Petition Tribunal, which on May 15 upheld Governor Okpebholo’s election. The tribunal, headed by…