Oil prices dropped from multi-month highs on Thursday, while gold retreated from record levels after U.S. President Donald Trump signaled a step back from potential military action against Iran, easing demand for safe-haven assets. Brent crude futures fell 3.3% to $64.32 a barrel, down from $66.82 a day earlier, as Trump said killings in Iran’s …
The Minister of Solid Minerals Development, Dr Dele Alake, says the establishment of new lithium processing and gold refining plants is positioning Nigeria as a leading minerals hub in Africa. Speaking ahead of the Future Minerals Forum in Riyadh, Alake said the projects mark a shift from exporting raw minerals to value-added processing, which will …
The Lagos State Government plans to introduce electric-powered boats into the LAGFERRY fleet before the end of the year. The move aims to lower transport fares and advance sustainable mobility across the state. The announcement was made by Hon. Abdoulbaq Ladi-Balogun, Managing Director of LAGFERRY, in a statement shared on the state government’s official X …
President Bola Tinubu has announced that Nigeria will co-host Investopia with the United Arab Emirates (UAE) in Lagos next February. The conference aims to attract global investors and enhance sustainable investment inflows. Tinubu made the announcement on Tuesday during the 2026 Abu Dhabi Sustainability Week (ADSW), where Nigeria concluded a Comprehensive Economic Partnership Agreement (CEPA) …
For years, mobile photography felt like the exclusive playground of expensive flagship smartphones; the more you spent, the better your photos. In 2026, that assumption is gradually fading away. Today, budget and mid-range smartphones can capture stunning, professional-looking images that rival even premium devices. Thanks to breakthroughs in sensor technology, optical image stabilization (OIS), and …
The Nigeria Customs Service (NCS) has commenced the implementation of a new Standard Operating Procedure (SOP) to regulate courier companies operating under the Delivered Duty Paid (DDP) Incoterm, as part of efforts to strengthen compliance, enhance revenue collection, and align operations with global best practices. The new framework provides a unified process for registration, manifest …
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%, …
Multiverse Mining and Exploration Plc’s first-quarter projection indicates that rising administrative expenses and a heavy loan burden are set to push the company into a monthly operating loss in March. The projection is contained in the company’s first-quarter (Q1) 2026 financial forecast, signed by Managing Director Ayo Oluwasusi and Chief Financial Officer Sijuwade Adedeji. A …
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 …
Eterna Plc said it has received the Securities and Exchange Commission's (SEC) approval to proceed with its ₦21.52 billion Rights Issue of 978,108,485 ordinary shares of ₦0.50 each at ₦22.00 per share. The disclosure was made in a statement issued on Monday by the Company Secretary, David Edet, and sent to shareholders and the Nigerian …
