United States President, Donald Trump has announced a temporary halt to planned military strikes on Iranian energy infrastructure, citing what he described as “very good and productive” discussions with . In a statement posted early Monday on his Truth Social platform, Trump said the decision followed two days of engagement between Washington and Tehran aimed at easing tensions and finding a pathway to a broader resolution of hostilities in the Middle East. “The United States and Iran have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the…
Author: Abdoulaye Kay
Brent crude hits four-year high amid U.S.-Israel war on Iran, Strait of Hormuz blockade, and attacks on Gulf infrastructure
A U.S. jury has found Elon Musk liable for losses incurred by Twitter investors, ruling that his public statements during the company’s $44 billion acquisition influenced the platform’s share price. The verdict, delivered on Friday at the U.S. District Court for the Northern District of California, concluded that Musk’s posts—particularly one indicating the deal was “temporarily on hold”—had a material impact on investors. However, the jury stopped short of determining that he intentionally sought to manipulate the market. Lawyers representing shareholders of Twitter argued that Musk’s remarks were strategic, aimed at exerting pressure on the company and lowering its valuation…
Providus Bank has confirmed that it has exceeded the Central Bank of Nigeria’s (CBN) revised minimum capital requirement for regional commercial banks, raising its capital base to N65 billion. The bank disclosed this in a statement issued to customers, clarifying recent media reports and reaffirming its compliance with the ongoing recapitalisation exercise in the banking sector. Under the CBN’s recapitalisation framework, regional commercial banks are required to maintain a minimum capital base of N50 billion. Providus Bank stated that it has met this threshold since January 2025 and has now surpassed it. “Providus Bank confirms that it has met its…
Young agripreneurs, policymakers, and development partners gathered in Kigali on March 14 for a youth-led dialogue on the future of Africa’s food systems, highlighting how stronger agri-food systems can drive job creation, enterprise development, and innovation for the continent’s rapidly growing youth population. The conversation, themed “Who Gets to Shape Africa’s Food Future?”, was hosted by the Alliance for a Green Revolution in Africa (AGRA) in partnership with Global Citizen on the sidelines of Move Afrika. The dialogue brought together young entrepreneurs, ecosystem actors, and policymakers at Select Boutique Hotel & Restaurant for an open discussion on opportunities and barriers…
The Senator representing Borno South, Ali Ndume, has expressed confidence that the ruling All Progressives Congress (APC) will retain power at the centre in the 2027 presidential election. Ndume said the opposition coalition rallying under the African Democratic Congress (ADC), involving Atiku Abubakar, Peter Obi and Rotimi Amaechi, has yet to present any fresh ideas capable of unseating President Bola Tinubu. Speaking on Politics Today, a programme on Channels Television, on Thursday, the lawmaker said while the opposition figures remain prominent, they have not articulated a distinct alternative agenda. “I am not worried because nobody is coming up with something…
The National Agency for Food and Drug Administration and Control (NAFDAC) has raised the alarm over the circulation of counterfeit batches of Tecentriq 1200mg/20ml in Nigeria. In a public notice issued on Friday, the agency said Tecentriq (atezolizumab) is an immunotherapy used in the treatment of several advanced cancers, including lung, liver, and melanoma. NAFDAC disclosed that the Marketing Authorisation Holder, Roche Nigeria, received complaints from healthcare professionals after patients presented suspected counterfeit versions of the drug at medical facilities. According to the agency, many of the counterfeit products were sold at significantly reduced prices, ranging between N180,000 and N350,000,…
The naira extended its upward momentum against the euro on Wednesday, March 18, 2026, closing at N1,556/€1 in Nigeria’s foreign exchange market, as improved investor sentiment and global currency dynamics combined to support the local unit. The latest movement represents a notable appreciation from levels around N1,624/€1 recorded on March 10, underscoring a sustained strengthening trend over the past nine days. The roughly 3.6 per cent gain signals a short-term bearish outlook for the EUR/NGN pair, with the euro weakening steadily against the naira. Market analysts link the rally primarily to renewed appetite for naira-denominated assets, driven by elevated yields…
He called on the military and security agencies to intensify operations against insurgents, stressing that those recent redeployments of security leadership must translate into concrete and proactive action.
Sultan Muhammad Sa’ad Abubakar, and President-General of the Nigeria Supreme Council for Islamic Affairs (NSCIA) has declared Friday, March 20, 2026, as the day for the celebration of Eid-el-Fitr across Nigeria, following the non-sighting of the Shawwal crescent. The Sultan, in a statement by the Chairman of the Sultanate Council Advisory Committee on Religious Affairs, Prof. Sambo Wali Junaidu, on Wednesday, said the new moon of Shawwal 1447AH was not sighted on March 18, corresponding to the 29th day of Ramadan. According to the statement, no verified reports of the crescent were received from moon-sighting committees across the country. “In…