A Special Offences Court sitting in Ikeja, Lagos, has adjourned indefinitely the trial of socialite Fred Ajudua over an alleged $1 milllion fraud. Justice Mojisola Dada announced the adjournment on Monday after arguments between the prosecution and defence over the interpretation of a recent Court of Appeal judgment. Ajudua is standing trial in a case …
Dangote Refinery has cut its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100 to ₦1,075 per litre from the earlier price of ₦1,175 per litre. The refinery also stated that the price of PMS for coastal supply will now be set at ₦1,050 per litre, which accounts for a minor …
President Bola Tinubu on Tuesday asked the Senate to screen and confirm Taiwo Oyedele as Minister of State for Finance, to replace Dr Doris Uzoka-Anite. The President also requested the upper chamber to confirm former Rivers South-East senator, Magnus Abe, as chairman of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The requests were conveyed in …
The United States Embassy in Nigeria has warned of possible terrorist threats targeting American facilities and schools affiliated with the U.S. in the country. In a security notice issued on its website on Monday, the embassy said the advisory was meant to alert U.S. citizens in Nigeria to potential risks and urged them to take …
The Court of Appeal in Abuja has dismissed an appeal filed by Ondo State Governor, Lucky Aiyedatiwa, challenging a ruling of the Federal High Court in Akure in a suit questioning his eligibility to contest the next governorship election in the state. In a unanimous judgment, a three-member panel of the appellate court held that …
As the world continues to experience global supply disruptions and surging crude oil prices, Dangote Petroleum Refinery has reassured its commitment to a steady fuel supply in Nigeria, emphasising that the nation's domestic refining capacity provides a crucial buffer against international market shocks. The refinery's Managing Director, David Bird, who spoke in a media chat …
Africa is beginning to feel the economic consequences of the escalating Middle East conflict as the United States and Israel continue to launch attacks on Iran, triggering fresh volatility in global oil markets. The tensions have already pushed oil prices up by about 10 percent, raising concerns across African economies that remain heavily dependent on …
The Tunisian government has unveiled plans to undertake a major expansion of its main international gateway, Tunis–Carthage International Airport estimated at $1 billion, as the North African country seeks to modernise air transport infrastructure and strengthen its tourism industry. In a statement, the Tunisia Ministry of Transport said the project forms part of a broader …
The head of the Catholic Church, Pope Leo XIV, on Sunday expressed concern over the escalating conflict involving Iran, warning that the violence could spread across the Middle East and urging an immediate halt to hostilities. Speaking during the traditional Angelus prayer at St Peter’s Square, the pontiff said troubling reports continued to emerge from …
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 …
