The total N2 per share, on the cards for 2025, compares to the N1 it paid for the year before it, implying that a combined sum of N20.3 billion is up for distribution, should the plan receive the consent of Read more…
Category: Business
President Donald Trump announced “major combat operations” against Iran on Feb. 28, with massive joint U.S.-Israeli strikes targeting military and government sites, officials said. Trump set a Tuesday evening deadline for Iran to fully reopen the Strait of Hormuz or Read more…
In a strong show of legislative backing for Nigeria’s oil security architecture, over 300 members of the National Assembly have thrown their weight behind the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, endorsing Read more…
A Bahrain-led resolution aimed at reopening the Strait of Hormuz failed at the United Nations on Tuesday, unable to withstand opposition from Russia and China despite attempts to weaken its provisions to win their support. Nearly a dozen countries — Bahrain, Democratic Republic of Read more…
President Bola Tinubu has approved the payment of ₦3.3 trillion, being accumulated debts owed to players in the power sector between February 2015 and March 2025. Presidential spokesperson, Bayo Onanuga, said the debt repayment plan followed the final review of Read more…
WTI crude oil futures skyrocketed over 11 per cent on Friday, breaching $112 per barrel—the highest level in nearly four years—as traders reassessed supply risks from the intensifying war in the Persian Gulf. Brent crude followed suit, climbing more than Read more…
President Donald Trump warned on Monday that the U.S. would obliterate Iran’s energy plants and oil wells if Tehran does not open the Strait of Hormuz, after Tehran described U.S. peace proposals as “unrealistic” and fired waves of missiles at Read more…
Former Vice President and chieftain of the African Democratic Congress (ADC), Atiku Abubakar, has expressed deep concern over reports that the Senate approved President Bola Tinubu’s request for a fresh $6 billion external loan within a record time—reportedly less than Read more…
By Uzo Ugwunze The Mayor of Idemili North, Hon Stanley Nkwoka has praised several markets within his LGA for complying with Governor Chukwuma Soludo’s ‘No more Monday sit at home directive. Conducting his usual Monday weekly Market inspection to ensure Read more…
President Bola Ahmed Tinubu has appointed Ibrahim Ida as the Chairman of the Corporate Affairs Commission (CAC) and nominated seven individuals to fill vacant commissioner positions at the National Population Commission (NPC). The appointments were disclosed in a statement on Read more…
After a month of threats, Yemen’s Iran-backed Houthi rebels finally entered the Middle East conflict on Saturday, firing two missiles towards Israel. And in recent days they have also warned they could close a key waterway at the southern entrance of the Read more…
An economist and former special adviser to the president of the African Development Bank on industrialisation, Banji Oyelaran-Oyeyinka, has outlined why petrol priced at N1,300 per liter remains unaffordable for many Nigerians earning the N70,000 minimum wage. In a statement Read more…