Gold futures plunged as much as 7% on Monday morning, erasing all 2026 gains and extending a brutal selloff that has shattered the metal’s status as a geopolitical safe haven. Spot gold dipped below $4,320 per ounce — barely above year-end 2025 levels, as the U.S.-Israel military campaign against Iran dragged into its fourth week. The decline caps one of the sharpest drops in gold’s modern history. The metal has shed roughly 14% since the conflict erupted on February 28 with Operation Epic Fury, a barrage of nearly 900 strikes on Iranian military sites and leadership. Gold had peaked at…
Author: Editor
Nigeria has recorded one of the sharpest increases in petrol prices worldwide, underscoring the country’s continued vulnerability to external oil market shocks despite its status as a major crude producer. Data from InvestorSight, citing Global Petrol Prices, shows that petrol prices in Nigeria have surged by 39.5 percent since February 23, 2026—ranking second globally behind Vietnam, where prices rose by 50 percent over the same period. The spike highlights a persistent paradox in Nigeria’s energy landscape: Africa’s largest oil producer remains heavily exposed to fluctuations in international refined product markets due to structural gaps in domestic refining and pricing systems.…
Nigeria’s Trillion-Naira revenue club expanded further in 2025 as BUA Cement, Lafarge Africa, and Nestle Nigeria Plc crossed the N1 trillion mark, joining a growing league of corporate giants benefiting from improved macroeconomic stability, easing inflationary pressures, and price adjustments. According to the audited financial statement from leading listed companies, BUA Cement grew its revenue to N1.18 trillion in 2025, up from N876 billion in 2024; Lafarge Africa recorded N1.07 trillion, rising from N696 billion in the previous year; and Nestle rose to N1.02 trillion from N958 billion. The three firms now sit alongside industry leaders such as MTN Nigeria,…
The Central Bank of Nigeria (CBN) scaled back its Treasury Bills (NT-bills) issuance at its Primary Market Auction (PMA) of March 18, 2026, allotting N691.86 billion out of the N1.05 trillion initially offered, in a move that signals a more measured approach to borrowing costs. Despite the lower allotment, investor demand remained robust, with total subscriptions rising sharply to N3.06 trillion, underscoring sustained liquidity and appetite for government securities. The auction featured the standard 91-day, 182-day, and 364-day tenors. However, demand was overwhelmingly concentrated at the long end of the curve, particularly for the 364-day instrument, reflecting investors’ preference for…
I am tired of writing about Boko Haram. It is mentally exhausting to be chronicling death, destruction and despair for over two decades. The Boko Haram narrative started with its founding in 2002 (some say earlier, others say later) in Maiduguri, Nigeria, by a cleric, Mohammed Yusuf. Originally, the group appeared with a noble objective to “purify” Islam and oppose Western culture, education and influence. It started as a non-violent group focused on proselytization but then started engaging in violent acts. The government of the day, led by President Umaru Musa Yar’Adua, was not ready to accept violent groups and…
A General Election Perception Survey for Ondo North Senatorial District 2027, has projected the Chief Executive Officer(CEO) of Imole Progressive Network (IPN), Engr. Michael Abayomi Adeyanju, as the most popular candidate in the area. The survey was conducted by the PenPlus Stat Index, a research and public opinion unit of PenPlus Online Media Publishers. The public opinion poll which was conducted in the month of February, was to assess voters’awareness of their elected representatives, perception of their performance, and earlypolitical preferences ahead of the 2027 general elections, across the three SenatorialDistricts (Ondo North, Ondo Central and Ondo South) of Ondo…
Banks, mobile money operators, international money transfer operators and other financial institutions in Nigeria are required to deploy automated anti-money laundering (AML) systems under new baseline standards issued by the Central Bank of Nigeria (CBN). The CBN, under Olayemi Cardoso, has strengthened financial crime detection and compliance mechanisms across the sector. The move is expected to boost investors’ confidence and foreign capital inflows to the domestic economy. Automation is at the centre of sustainable and thriving business systems across the world. And when it comes to financial crimes prevention and controls, automation makes it seamless and builds stakeholders’ confidence in…
Saudi Arabia has officially announced that Friday, March 20, will mark the first day of Eid al-Fitr, following the non-sighting of the crescent moon that signals the end of Ramadan. The Kingdom’s religious authorities confirmed that the moon was not sighted during observations on Wednesday evening, meaning Ramadan will complete a full 30 days this year, in line with the Islamic lunar calendar. The announcement aligns with similar declarations from several countries across the Middle East and beyond, where moon-sighting committees also reported negative sightings, fixing Friday as the day of celebration. Eid al-Fitr, one of the most significant festivals…
NATO Secretary-General Mark Rutte said on Wednesday that member states are consulting on the “best way” to reopen the Strait of Hormuz, a critical global oil transit route disrupted by ongoing tensions. Speaking at a news conference during a NATO exercise in northern Norway, Rutte said he had been in contact with several allies, noting broad agreement on the need to restore access to the waterway. “We all agree, of course, that the strait has to open up again,” he said. “Allies are working together, discussing how to do that and what the best approach should be.” The remarks come…
On March 10, 2026, we published an exclusive news report that notorious Israeli war criminal Benjamin Netanyahu was dead. He was killed in an Iranian missile strike on his home two weekends ago. We stand by this report. The man who butchered and maimed 64,000 innocent Palestinian babies, infants, and children in Gaza was crushed beneath rubble, debris, and broken concrete. His injuries were catastrophic. Doctors tried to save Netanyahu, but he was already brain dead when he arrived at the hospital. Last week, Netanyahu was taken off life-support. Our digital news platform was the first and only American news…