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Condom prices may rise amid Iran supply disruptions

  • 22nd April 2026

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Tinubu blames privatization for current power sector crisis

Electricity featured

Nigeria isn’t poor, huge money moves below radar –

Finance

Access Holdings disowns unauthorised 2025 financial highlight release

Banking

South Africa’s inflation rises to 3.1% as cost pressures

Economy

Blog

featured Oil and Gas

Crude oil surges to $146pb amid US-Iran war fears

Crude oil has surged to $146 per barrel amid escalating fears from the ongoing United States-Iran war, sparking fresh concerns in Nigeria over potential further increases in the price of Premium Motor Spirit, also known as petrol. This sharp rise in global crude prices is driven largely by the conflict, with significant disruptions to energy […]

Aviation

Air Canada plane crashes into fire truck, kills two

An Air Canada-operated aircraft collided with a fire truck on a runway at United States New York’s LaGuardia Airport on Sunday, killing the pilot and co-pilot and injuring two others. Around 11:40 p.m., a Jazz Aviation flight operating on behalf of Air Canada struck a Port Authority Aircraft Rescue and Firefighting vehicle that was responding […]

Business

Middle Eastern war severely damages 40+ energy facilities — IEA

International Energy Agency Executive Director Fatih Birol said more than 40 energy assets across nine Middle Eastern countries have been “severely or very severely” damaged by the war, warning that global supply chain disruptions could continue even after the conflict ends. Birol said over 40 energy facilities across nine Middle Eastern countries have been severely […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Crypto

Bitcoin falls to $68,150 as geopolitical risk fuels crypto selloff

Bitcoin and other cryptocurrencies slid again as escalating geopolitical tensions between the United States, Israel, and Iran triggered renewed risk-off sentiment across global markets. Bitcoin fell as much as 3.3 per cent on Sunday, dropping to around $68,150, its weakest level since early March. The selloff was even sharper across altcoins, with Ether losing nearly […]

Finance

Taraba pays ₦5bn to pensioners, adopts NSITF compensation scheme

Taraba State has paid out N5 billion to pensioners while committing to fully adopt the Employees’ Compensation Scheme of the Nigeria Social Insurance Trust Fund. Officials described the development as a significant step toward enhancing workers’ welfare and social protection in the state. The move followed a high-level visit to Jalingo by the Managing Director […]

Business

Japan urges calm as toilet paper panic buying resurface

The government of Japan has urged citizens not to engage in panic buying of toilet paper amid social media claims that people are beginning to stockpile essential goods over fears linked to the Middle East conflict. Stockpiling toilet paper previously became widespread in Japan during the 1973 oil shock, which led to the country’s first […]

Labour advocates annual minimum wage adjustment to reflect inflation
featured

Ajaero blasts N6tn GenCo bailout, says Nigerians pay for darkness

The Nigeria Labour Congress has rejected the Federal Government’s proposed N6 trillion bailout for power generation companies, describing it as a short-term fix that does not address Nigeria’s deep-rooted energy crisis. NLC President Joe Ajaero said the power sector remains a heavy burden on Nigerians, accusing elites of profiteering through subsidy claims and high tariffs […]

MTN Nigeria to build infrastructure for network platform
featured

MTN rebounds with N1.1tn profit in 2025 financial year

MTN Nigeria has reported a profit of N1.1 trillion for the 2025 financial year, marking a sharp turnaround from the challenges faced in 2024 and reflecting a strong rebound in Nigeria’s digital economy. Speaking on Channels Television, the Chief Financial Officer of MTN Nigeria, Modupe Kadri, outlined the company’s performance, noting a 22.9 per cent […]

NAICOM warns insurers over 2026 recapitalisation deadline
Business

No extension for insurance recapitalisation exercise – NAICOM

The National Insurance Commission has ruled out any extension of the ongoing insurance recapitalisation exercise, with the Commissioner for Insurance, Olusegun Omosehin, stressing that “the 31 July deadline is sacrosanct.” Speaking at a high-level media briefing in Lagos, Omosehin expressed concern over the slow pace of compliance by several firms, describing the industry’s response as […]

Air cargo demand rises by 18.4% January - IATA
Aviation

Rising jet fuel costs signal imminent airfare hike

There are signs that airfares could rise in the coming weeks as the cost of aviation fuel, known as Jet A1, continues to increase, adding pressure on airline operations and pointing to higher ticket prices for passengers. The surge in Jet A1 prices is largely driven by the Middle East crisis, which has disrupted crude […]

Leave Twitter, focus on Tesla, Investors tell Elon Musk
Tech

Musk eyes chip manufacturing company for Tesla, SpaceX

Elon Musk has outlined ambitious plans for a chip manufacturing collaboration involving his companies Tesla and SpaceX. Musk shared the plans on Saturday night at an event in downtown Austin, Texas, according to Bloomberg. A photo from the event suggests that the proposed “Terafab” facility would be located near Tesla’s Austin headquarters and its “Gigafactory.” […]

Banking

Excess cash floods banking system as liquidity hits N8.06tn

Nigeria’s banking system liquidity rose sharply to N8.06 trillion as commercial banks parked more funds at the Central Bank of Nigeria’s Standing Deposit Facility, signaling a buildup of excess cash in the financial system. Data from the Central Bank of Nigeria showed the figure at the end of a three-day trading period that closed on […]

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