U.S. banking giants reported strong fourth-quarter profits, driven by rising demand for loans from both commercial and consumer borrowers. The trend could signal healthy earnings for lenders in 2026. Bank of America (BAC) saw its average loans rise 8% year-on-year, while net interest income the difference between earnings on loans and payouts on deposits—hit a …
The United States is moving some personnel from bases in the Middle East after Iran warned that it would target U.S. installations if Washington strikes, according to officials. The warning comes amid the worst domestic unrest Iran has faced since the 1979 Islamic Revolution. Thousands of protesters have been killed in the crackdown on demonstrations …
Sudanese authorities showcased 570 recovered ancient artefacts at a ceremony in Port Sudan on Tuesday, celebrating the return of priceless items stolen from the National Museum in Khartoum during the early days of the ongoing civil war. The museum was looted and badly damaged after the paramilitary Rapid Support Forces (RSF) seized Khartoum. Only the …
Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the Federal Government will enforce the “Drip or Drop” principle enshrined in the Petroleum Industry Act (PIA) to ensure the timely utilisation of oil and gas assets by licensed operators. Lokpobiri stated this during the pre-bid conference for the 2025 licensing round held …
Nigeria and the United Arab Emirates (UAE) signed the Comprehensive Economic Partnership Agreement (CEPA) on Tuesday, January 13, 2026, strengthening their economic ties. This historic agreement represents a substantial departure from past diplomatic hitches to a future of deep economic cooperation. A statement from the State House said the bilateral agreement will remove trade barriers, …
France saw quieter streets on Wednesday morning as farmers began clearing their tractors from Paris, but tensions flared in Toulouse as protests continued over economic pressures and the controversial EU-Mercosur trade agreement. Tractors that had surrounded the National Assembly since Tuesday morning were driven out before sunrise. The vehicles were operated by members of FNSEA …
The Federal Government and the Academic Staff Union of Universities (ASUU) have reached an agreement on a 40 per cent salary increase and better academic allowances for university lecturers. The agreement was signed during a formal ceremony attended by government officials and ASUU leaders. As a result, lecturers can now expect improved welfare and incentives …
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 …
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has revealed that Nigeria’s ongoing tax reforms have exposed him to threats against his personal safety. Oyedele disclosed this on Tuesday in Abuja while speaking at a governance colloquium organised to mark the 50th birthday of Hajiya Hadiza Bala Usman, Special …
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) …
