‎From the outset, the Mining Marshals were conceived as a specialised enforcement unit in line with the Renewed Hope agenda of President Bola Ahmed Tinubu, to tackle illegal mining networks that had become deeply entrenched across several states.

The Nigerian equities market closed lower on 5 May 2026, shedding 1,411.37 points to settle at 241,750.15, a 0.58% decline from the previous close, as selling pressure hit large-cap stocks including Wema Bank, MTN, and Aradel. 

Domestic refineries received only 28.5 million barrels of crude oil in Q1 2026, far below the 61.9 million barrels allocated, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).  

President Bola Tinubu met with global investors in France on Tuesday, seeking to attract capital and highlight Nigeria’s ongoing reforms.  

The House of Representatives has approved a ₦479.5bn budget for the Nigerian Communications Commission (NCC) for the 2026 financial year.  

Iran has established the Persian Gulf Strait Authority to regulate maritime traffic through the Strait of Hormuz, one of the world’s most critical oil shipping routes.