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Crude oil prices rise as Iran rules out

  • 17th August 2026

India-Nigeria trade hits $9bn, rises by 26%

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

  • 17th August 2026

FG resets profit-sharing terms to attract new deep

  • 17th August 2026

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Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

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Oil and Gas

Oil prices surge Tuesday after fresh US strikes on Iran

Oil prices jumped again on Tuesday after fresh United States strikes against Iran that marked a new escalation in hostilities that has fuelled fears over their already fragile truce and the chances of another spike in inflation. However, tech firms enjoyed a much-needed reprieve after the latest bout of selling, although they only managed to […]

Policy and Regulations

UK work visas shouldn’t guarantee permanent stay – Badenoch

Leader of the United Kingdom Conservative Party, Kemi Badenoch, has urged the Labour government to retain its proposed 10-year qualifying period for indefinite leave to remain insisting that temporary work visas should not automatically lead to permanent settlement in Britain. Badenoch made the call in a post on her X handle on Monday while releasing […]

Finance

Veterans demand implementation of ₦250,000 military minimum wage

Military veterans have demanded the immediate implementation of the approved N250,000 minimum wage for serving personnel. They accused the Federal Government of delaying the execution of a law they said was passed by the National Assembly and assented to by President Bola Tinubu. The PUNCH reported that the demand was made on Monday during a […]

Finance

Gov Eno approves ₦1.3bn bursary for Akwa Ibom students

Akwa Ibom State Governor, Umo Eno, has approved the release of N1.3 billion for the payment of bursaries to eligible students across the state. The governor also approved an increase in the bursary award from N20,000 to N50,000 per beneficiary. This was disclosed in a statement issued on Tuesday by the state’s Commissioner for Information, […]

featured

DisCos reject NERC CapEx account directive, warn of investment risks

Electricity distribution companies have opposed a new directive by the Nigerian Electricity Regulatory Commission requiring them to create dedicated capital expenditure provision accounts, describing the measure as an unprecedented interference in the management of privately owned utilities. The DisCos warned that the directive could undermine private investment in Nigeria’s power sector by giving regulators greater […]

News

Why interns’ allowances are delayed, defence ministry reveals

The Ministry of Defence has dismissed reports alleging that House Officers and Interns at the Armed Forces Reference Hospitals have not been paid their allowances, describing the claims as inaccurate. It confirmed that payment of outstanding arrears has already commenced, adding that the delay in payment was caused by the absence of budgetary allocation for […]

Finance

Naira depreciates to ₦1,420/$ at parallel FX market

The Naira depreciated to N1,420 per United States dollar in the parallel market on Monday, from N1,406 per dollar recorded last weekend. The naira, however, appreciated to N1,380.5 per dollar in the Nigerian Foreign Exchange Market. Data from the Central Bank of Nigeria showed that the indicative exchange rate for the naira fell to N1,380.5 […]

featured Oil and Gas

Dangote Refinery dumps naira, fixes petrol price at $0.779/litre

Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit, petrol, at $0.779 per litre, unveiling a new pricing template that also raised the benchmark prices for diesel and aviation fuel following its transition to dollar-denominated transactions. This marks an end to naira payments for the purchase of refined products, which started after […]

featured Finance

Customs duty waivers hit ₦34tn in 2025, says comptroller-general Adeniyi

The Comptroller-General of the Nigeria Customs Service, Bashir Adeniyi, on Monday disclosed that the value of Import Duty Exemption Certificate approvals granted by the Federal Government on selected imported goods and equipment rose to N34tn in 2025, warning that such fiscal incentives have significantly reduced the service’s revenue-generating capacity. Adeniyi made the disclosure during an […]

Aviation

NAMA, NCAA clash over ticket sales charge sharing formula

The Nigeria Airspace Management Agency and the Nigeria Civil Aviation Authority are locked in a quiet dispute over the sharing formula for the five per cent Ticket Sales Charge, sparking broader concerns about the future of Nigeria’s aviation industry. A proposal before the National Assembly to increase the NAMA’s share of the statutory five per […]

Business

UN agency rejects transit fees in Strait of Hormuz

The International Maritime Organization, a United Nations agency, said on Monday it opposes the imposition of transit fees in the Strait of Hormuz after President Donald Trump called for ships to pay protection fees. “We have always been consistent on our stance on fees – IMO stands firmly against charging fees for passage through straits […]

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