The U.S. dollar steadied against major global currencies on Tuesday after Donald Trump stated that the ongoing conflict involving Iran could end “very soon", easing some fears in global financial markets. The greenback traded at 157.73 yen and $1.1632 per euro in Asian markets. The currency remained mostly firm despite retreating slightly from the highs …
A coalition of civil society organisations (CSOs) has petitioned the Police Service Commission (PSC) to investigate the Commissioner of Police in Lagos State, Jimoh Moshood, over allegations of abduction, torture and unlawful detention of activist Hassan Taiwo Soweto during a protest in January. The petition, dated March 9, 2026, was signed by 15 organisations, including …
Nigeria could stand to gain from the sharp surge in global oil prices triggered by escalating conflict involving Israel, the United States and Iran, according to senior market analyst Matthew Anthony. Oil prices spiked to just above $120 over the weekend as the conflict intensified and key energy installations were targeted, tightening supply and pushing …
Nigeria’s push to strengthen local sugar production gained momentum as the National Sugar Development Council (NSDC) and the Bank of Industry (BOI) launched a ₦10 billion Sugar Project Acceleration Fund (SPAF) to support the development of new sugar projects across the country. The initiative targets greenfield sugar projects and aims to provide both financing and …
Stakeholders in Nigeria’s capital market have called for stronger participation of women in the sector, stressing that their contributions are critical to building a more resilient and inclusive financial system. The call was made during an event organised by the Securities and Exchange Commission (SEC) to mark International Women’s Day on Monday, March 9. Speaking …
Jaiz Bank Plc has appointed Omolara Muinat Ismail as Executive Director, strengthening its leadership team as the bank continues its growth strategy. The appointment, which took effect on February 28, 2026, was approved by the Central Bank of Nigeria, the bank said in a statement issued on Monday and signed by its Company Secretary and …
The Court of Appeal in Abuja has dismissed an appeal filed by the Peoples Democratic Party (PDP) challenging a Federal High Court judgment restraining the Independent National Electoral Commission (INEC) from recognising the outcome of the party’s national convention in Ibadan, Oyo State. In a unanimous decision on Monday, a three-member panel of the appellate …
The Nigerian National Petroleum Company (NNPC) Limited recorded a significant drop of 46.7 per cent in revenue from ₦4.824 trillion in December 2025 to ₦2.571 trillion in January 2026. The national oil firm, however, recorded a marginal increase in profit after tax of ₦385 billion in January from ₦351 billion in December, representing a 9.7 …
Mojtaba Khamenei, the second son of Iran’s late Supreme Leader, Ali Khamenei, has been selected as the new leader of the Islamic Republic following his father’s death in a joint military strike by the United States and Israel. With Mojtaba Khamenei's appointment, he is now the 3rd supreme leader Iran has produced, marking the first …
Dangote Refinery has further increased the price of Premium Motor Spirit (petrol) at its gantry by ₦180 to ₦1,175 per litre, from ₦995. This latest increase marks the third price increase in one week, following the escalating conflict in the Middle East, which has led to the disruption of crude oil supply and the consequent …
