
The Lagos State Police Command has launched an investigation into a suspicious parcel containing live ammunition delivered to Oluwasegun Alebiosu, the Managing Director of FirstBank. Commissioner of Police, Lagos State Command, Tijani Fatai, stated that detectives began investigations after Alebiosu reported on May 7, 2026, finding two rounds of 7.62mm live ammunition concealed in a package. The parcel was initially received by the bank executive鈥檚 security guard before being handed to him. Sources indicate the parcel was delivered to Alebiosu鈥檚 Ikoyi residence by a dispatch rider, marked confidential, and only bore the recipient鈥檚 name and address, with no sender information. No arrests have been made, but investigators are pursuing several leads and examining information provided by the complainant regarding individuals who may have knowledge or involvement. Forensic and intelligence-led investigations are ongoing to identify the source and anyone connected to the delivery. The commissioner assured residents of updates as the investigation progresses.
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US President Donald Trump is scheduled to attend the World Cup final in New Jersey on July 19 and will present the trophy to the winning team, according to FIFA President Gianni Infantino. Infantino confirmed this during an appearance on Fox and Friends, stating they would jointly enjoy the final and present the trophy. This follows a previous incident where Trump presented the Club World Cup to Chelsea, remaining on stage during the team's celebrations.

Portugal captain Cristiano Ronaldo scored two goals in his team's 5-0 victory over Uzbekistan, increasing his FIFA World Cup tally to 10 goals. This achievement places him in the top 10 all-time World Cup goalscorers and makes him the first player to score in six different World Cup tournaments. Ronaldo's brace also surpassed Portuguese legend Eus茅bio's record of nine World Cup goals. Lionel Messi remains the tournament's all-time leading scorer with 18 goals, while France's Kylian Mbapp茅 is second among active players with 16 goals, matching Miroslav Klose's previous record. Ronaldo has now scored in six consecutive FIFA World Cups 2006, 2010, 2014, 2018, 2022, and 2026 and extended his men's international record to 145 goals.
Must ReadThe Manufacturers Association of Nigeria MAN has voiced concerns regarding a significant 22.5% year-on-year contraction in commercial bank credit to the manufacturing sector in 2025, falling from N8.53 trillion in December 2024 to N6.61 trillion in December 2025. Mr. Segun Ajayi-Kadir, Director-General of MAN, stated that this decline, which represents a N1.92 trillion reduction, is alarming and could impede industrial growth, job creation, and economic diversification. He noted that manufacturing experienced one of the steepest credit contractions among major sectors, trailing behind the oil and gas sector N10.59 trillion and the finance sector N9.24 trillion in credit attraction. Ajayi-Kadir attributed the credit allocation decline to high interest rates, bureaucratic hurdles, and inconsistent policies, also criticizing the non-implementation of the N1 trillion Manufacturing Stabilisation Fund from the Federal Government鈥檚 Accelerated Stabilisation and Advancement Plan ASAP in 2024. He warned that inadequate access to affordable financing could undermine the 2025 Nigeria Industrial Policy NIP and lead to reduced manufacturing capacity utilization, stagnation of the sector鈥檚 GDP contribution, job losses, supply-side inflation, and foreign exchange pressures. To address these issues, Ajayi-Kadir proposed reducing benchmark interest rates by 200 to 300 basis points, incentivizing banks to lend to manufacturing at single-digit rates, increasing the capital base of the Bank of I