News

Ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) on Thursday, oil prices jumped on Wednesday morning following reports that Hamas leader Ismail Haniyeh had been killed in Iran. A barrel of US WTI crude rose 2.47% to $77.20 while Brent crude rose 2.04% to $80.67. Hamas confirmed Haniyen’s death, claiming he was killed in a …

Organizers of the nationwide #EndBadGovernance demonstrations scheduled for August 1 have rejected a proposal by Inspector General of Police (IGP) Kayode Egbetokun to hold contained protests. In a meeting with organizers on Tuesday, July 30, the IGP suggested limited protests at identified locations and advised against street gatherings. Egbetokun said some people calling for violence during the upcoming protests had …

Nigeria’s equity market plunge continued on Wednesday as investors lost N32 billion at the close of trading for the day. This follows the decline in share prices of shares such as CUTIX, JULIUS BERGER, and NAHCO among others on the trading floor. After five hours of trading in the capital market, equity capitalization plunged to N55.51 trillion from N55.54 trillion …

  The federal government has unveiled an elephant sculpture made from pulverized wildlife supplies, marking the completion of the disposal of approximately six tons of confiscated wildlife supplies by the National Environmental Standards And Regulations Enforcement Agency (NESREA). NESREA is the agency designated by the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) to enforce …

The naira strengthened slightly against the US dollar on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency strengthened by N13 to close the month at N1,608/$1, down from N1,621/$1 recorded on Tuesday. The intraday high and low prices recorded during the day were N1,645/$1 and N1,399/$1 respectively, representing a wide spread of N246\$1. …

The United States has distanced itself from the killing of Hamas leader Ismail Haniyeh. Hamas confirmed in a statement on Wednesday that its leader was killed in a “treacherous Zionist” attack on his residence in Tehran, Iran. The slain leader was in Iran to attend the inauguration of the country’s new president when he was killed in a suspected Israeli …

Gombe State Governor, Inuwa Yahaya, has said his administration is unable to pay the new national minimum wage of N70,000. Governor Yahaya, chairman of the Northern Governors Forum, made the remarks during a meeting with trade union leaders, civil society organisations and traders’ associations at Government House, Gombe, on Tuesday, July 30, ahead of a planned nationwide protest. He said …

The Lagos State Police Command has confirmed the death of Justice Offili-Ajumogobia’s daughter, Chukwu. Chukwu’s father, Mr. Soboma Ajumogobia, is the younger brother of Odein Ajumogobia, former Minister of State for Petroleum Resources. Command spokesman Benjamin Hundeyin told reporters that three domestic staff had been arrested in connection with the incident. He said the judge’s daughter was found dead on …

The Lagos State Police Command has confirmed the death of Justice Offili-Ajumogobia’s nephew, Chukwu. Chukwu’s father, Mr. Soboma Ajumogobia, is the younger brother of Odein Ajumogobia, former Minister of State for Petroleum Resources. Command spokesman Benjamin Hundeyin told reporters that three domestic staff had been arrested in connection with the incident. He said the judge’s daughter was found dead on …

Manchester City have been fined more than £2m for delaying Premier League kick-offs and restarts 22 times in the last two seasons. The club admitted breaching Premier League rules by delaying kick-off or restarting matches after half-time on several occasions “without good reason.” In the 2022-23 season, the Premier League champions delayed the restart eight times, resulting in a fine …