Business

Investors in the Nigerian equity market earned N390 billion at the close of trading on Wednesday. This follows a surge in the prices of shares such as Universal Insurance, Omatek and VFD Group, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 202,585.53 points from 202,023.1 points on the previous trading day. After five …

With Brent falling 15%, oil prices fell sharply on Wednesday amid a temporary ceasefire between the United States and Iran, which could pave the way for negotiations to end tensions in the Middle East. Brent crude oil prices fell below $100 a barrel on international futures markets at 0000 GMT on Wednesday after US President Donald Trump announced that a …

Post views: 19 By Silvernews The Progressive Club Chairmen Forum has urged its members to remain steadfast and united ahead of the 2026 Nationwide League One (NLO) season, which begins on 10 April. In an internal memo dated April 9, the Forum addressed concerns arising from a recent NLO communication declaring the body “unrecognized,” assuring members that its mission …

Governor Muhammad Inuwa Yahaya has dissolved the Gombe State Executive Council, in a move widely interpreted as part of ongoing political recalibrations within the state. The decision was announced Wednesday during the 53rd meeting of the State Executive Council, although no official reason for this radical action was provided at this time. However, credible sources within government circles suggest that …

By Joseph Amedu, Lokoja Kogi State Governor, Usman Ododo, has officially handed over construction of a multi-billion international airport project to contractors for immediate commencement of work. The development marked the beginning of the elephant project at its site in Zariagi, on the outskirts of Lokoja, the state capital. The Governor, represented at the ceremony by the State Commissioner for …

The Israel Defense Forces (IDF) have confirmed the suspension of military strikes against Iranian targets following the announcement of a two-week ceasefire between the two countries. The development signals a temporary pause in direct confrontation between Israel and Iran, after weeks of escalating tensions. In an official statement released on Wednesday, the Israeli military said it had stopped offensive operations …

Post views: 21 By Silvernews A new chapter has begun for basketball in Imo State following the official assumption of office by the newly appointed President of the Imo State Basketball Association, Hon. Johnbosco Ekezie Okeahialam. The short but significant ceremony took place at the office of the Commissioner for Sports Development, the Hon. Obinna Onyeocha, who formally presented …

The Social Democratic Party’s 2023 presidential candidate, Adewole Adebayo, has ruled out any coalition with the African Democratic Congress ahead of the 2027 general elections, insisting that the party will not compromise its standards by welcoming politicians with questionable records. Adebayo disclosed this on Wednesday while speaking on Frontline, a current affairs program on Eagle 102.5 FM, Ilese-Ijebu, Ogun State, …

The Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, has paid glowing tributes to the last surviving child of the Ooni Alayeluwa Ademiluyi Ajagun, the 48th Ooni of Ife, Princess Rafatu Ademinure Awofisayo, who has died at the age of 102. In a statement on Wednesday by the Ooni Palace Director of Media and Public Affairs, Otunba Moses Olafare, …

The Muslim Ummah of South West Nigeria (MUSWEN), under the leadership of its President, Alhaji Rasaki Oladejo, and Executive Secretary, Prof. Wole Abbas, has expressed deep gratitude to Allah for the long and meaningful life of Princess (Alhaja) Rafatu Ademinure Awofisayo, the Iya Adinni of Ifeland, who returned to her Creator at the age of 102. In a statement jointly …