Business

The UAE will leave OPEC and OPEC+ from May 1

The United Arab Emirates (UAE) will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective May 1. The decision reflects the UAE’s long-term strategic and economic vision in developing its energy profile, including accelerating investment in domestic energy production, local Dubai media reported. The report states that this is a follow-up to a …

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29 people killed as gunmen invade communities in Adamawa during football match, Fintiri visits scene

No fewer than 29 people have been confirmed killed following a brutal attack by suspected gunmen on Guyaku and Telabala communities in Gombi Local Government Area of ​​Adamawa State, plunging rural settlements into mourning and renewing fear over worsening insecurity in the region. The attack, which occurred on Sunday around 5pm, reportedly occurred while residents were watching a football match …

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Nigeria is at a critical juncture, the next task is to consolidate reforms, says Oyedele upon taking office. – THIS AGE

By Barth Ikiebe The new Minister of Finance and Economic Coordination, Taiwo Oyedele, formally assumed office following the handover from his predecessor, Wale Edun. “I sincerely appreciate him for his service to our country and the foundation he has laid,” he said. “Nigeria is at a critical juncture. Having taken important steps to stabilize the economy, our immediate task is …

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Lagos government: Sanwo-Olu did not ask to resign

We noted with concern a false report by Sahara Reporters that Governor Babajide Sanwo-Olu was “ordered to resign for health reasons” while the Deputy Governor would take over. This report is false in its entirety. No one has called for the resignation of the governor of Lagos: this is another fake news, which has become a pattern for the Sahara …

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Osun government deposes Apetumodu and vacates US fraud conviction

The Osun State Government has formally deposed the Apetumodu of Ipetumodu, Oba Gbenga Joseph Oloyede, and declared the office vacant following his conviction in the United States for COVID-19 fraud. The decision, announced on Monday, was contained in a statement by the Commissioner for Information and Public Information, Kolapo Alimi, who said the action followed due consultation, legal review and …

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EFCC case against Emefiele suffers from witness uncertainty – THIS UPDATE

By Victor Osula, Abuja Proceedings in the trial of former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, came under scrutiny again on Monday, as uncertainty over the availability of key prosecution witnesses triggered a bitter legal battle at the Abuja High Court. The tension arose after the prosecution lawyer, Rotimi Oyedepo (SAN), informed the court that he was not …

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APC Revises 2027 Election Calendar and Makes Payment Accounts Available

The All Progressives Congress has published a revised calendar and schedule of activities for the 2027 general elections, adjusting the timelines for screening, primaries, roll calls and related internal party processes, while also publishing designated bank accounts for the purchase of expression of interest and nomination forms. The notice, issued on Monday by the party’s National Secretariat, Buhari House, Abuja, …

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New NGX extension trading opens week in negative, losing N1.365 trillion

The Nigerian stock market, which entered a 7-hour trading session on Monday, opened lower, falling by N1.365 trillion as investors engaged in profit-taking activities on some mid- and large-cap stocks This resulting The market capitalization of listed stocks declined by 0.94% to N143.967 trillion from N145.334 trillion reported on Friday. The NGX All Share index also depreciated by 2,120.20 basis …

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