Global crude oil prices surged on Tuesday as escalating unrest in Iran, coupled with potential supply disruptions, overshadowed expectations of increased crude output from Venezuela. Brent crude futures rose $1.06, or 1.7%, to $64.93 a barrel by 0934 GMT, marking their highest level since mid-November. U.S. West Texas Intermediate (WTI) crude climbed $1.02, or 1.7%, …
President Donald Trump announced on Monday that any country trading with Iran will face a 25% tariff on U.S. imports from that nation, as Washington evaluates its response to ongoing anti-government protests in Tehran, the largest in decades. “Effective immediately, any country doing business with the Islamic Republic of Iran will pay a Tariff of …
The Trump administration has opened a criminal investigation into U.S. Federal Reserve Chair Jerome Powell, triggering sharp political backlash and renewed concern over the independence of the world’s most powerful central bank. The probe became public late Sunday after Powell disclosed that the U.S. Justice Department issued subpoenas to the Federal Reserve. The subpoenas relate …
The Federal Capital Territory (FCT) Police Command has arrested three suspected members of a notorious “one-chance” armed robbery syndicate in connection with the brutal murder of a legal practitioner, Barrister Princess Chigbo Nwamaka Mediatrix, in Abuja. The arrest marks a significant breakthrough in the Command’s ongoing crackdown on violent crime and follows a directive by …
Nigerian artists led the 9th All Africa Music Awards (AFRIMA) on Sunday night, claiming multiple top honours across regional and continental categories. Leading the accolades was Rema, who won Artiste of the Year, Best Male Artiste, Western Africa, and Best African Artiste – RnB & Soul. Other notable winners include Burna Boy (Album of the …
Murtala Muhammed Airport, Lagos, Terminal Two (MMA2), will introduce a structured slot system in 2026 to better match flight demand with terminal capacity, Bi-Courtney Aviation Services Limited (BASL) announced. Remi Jibodu, Head of Aeronautics and Cargo Services and Acting Chief Operating Officer, said the new framework will enhance aircraft movement coordination, reduce congestion during peak …
Iran is facing renewed concern after a video showed dozens of bodies outside a morgue near Tehran. The footage has raised fears of a deadly crackdown on protesters. Agence France-Presse (AFP) verified the video, which was filmed at the Kahrizak forensic centre south of the capital. It shows bodies wrapped in black bags and lying …
The United States will press its allies to move faster in reducing reliance on China for rare earths and other critical minerals. Treasury Secretary Scott Bessent will lead talks with senior finance officials this week, a U.S. official said. The meeting begins with a dinner on Sunday and continues on Monday. It will include ministers …
People across the world have taken to the streets to show support for protesters in Iran, where demonstrations erupted in late December after the collapse of the rial currency. From Berlin and Istanbul to Washington, thousands marched over the weekend in solidarity with Iranians demanding change. In Paris, protesters waved flags of Iran’s former monarchy …
China’s car sales growth slowed to its weakest pace in three years in 2025, with automakers struggling to offset a cooling domestic market. Last month, sales fell 14.5% year-on-year to 2.28 million units, worsening from an 8.5% decline in November the largest drop since February 2024, according to the China Passenger Car Association (CPCA). For …
