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By Ayo Kehinde Global oil prices rose sharply on Monday after renewed hostilities between the United States and Iran triggered the closure of the Strait of Hormuz, sending fresh shockwaves through energy markets and raising concerns about global supply disruptions. Brent crude rose $6.11, or 6.76%, to $96.49 a barrel, while U.S. West Texas Intermediate (WTI) rose $6.53, or 7.79%, …

Former governor of Kano State, Ibrahim Shekarau has resigned his membership of the Peoples Democratic Party (PDP). The former governor who announced this in Kano on Sunday, revealed that he has joined the All Progressives Congress (APC). In a resignation letter dated April 19, 2026 addressed to the PDP Chairman Giginyu Area in Nasarawa Local Government Area of ​​Kano State, …

The Nigerian Maritime Administration and Safety Agency (NIMASA) will begin disbursement of the Cabotage Vessel Financing Fund (CVFF) following the approval of President Bola Tinubu. The Minister of Marine and Blue Economy, Adegboyega Oyetola, announced the development during the commissioning of the NIMASA-UNILAG Institute of Maritime Studies at the University of Lagos. Oil prices rise as fears of a ceasefire …

Police agencies in Cross River have initiated coordinated search and rescue operations for 15 passengers abducted by gunmen on the Calabar–Oron waterway on Friday. A Navy officer told reporters at the weekend that gunmen ambushed a ferry carrying passengers. A passenger ferry loaded from Calabar was traveling to Oron in Akwa Ibom State. READ ALSO: TransExp, NGX, Stanbic and others …