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Iran and Israel have halted direct military strikes against each other’s territories following hours of a dramatic exchange of firepower that threatened to spark an all-out regional war. Both nations announced the sudden suspension of hostilities on Monday afternoon after United States President Donald Trump issued an urgent appeal for an immediate end to the…
The Nigeria Labour Congress and the Trade Union Congress are considering a joint nationwide strike to protest the worsening security situation across the country. Union executives began internal discussions following a string of high-profile mass abductions targeting schools, rural communities, and urban motorists. Organised labour leaders argue that the state’s inability to protect basic lives…
The Federal Government has slashed the maximum reimbursable imprest for ministers to 700,000 naira as part of a severe fiscal tightening campaign. This cash ceiling represents a key pillar of a new regulatory strategy designed to curb institutional waste across Ministries, Departments, and Agencies. The sharp reduction appeared in the 2026 Annual General Imprest Warrant…
The Nigerian Railway Corporation is considering an upward review of passenger and freight tariffs across its entire rail network. Senior management officials cite a crushing surge in monthly operating expenses as the primary driver behind the looming fiscal adjustment. The proposed hike comes directly after the expiration of a short-lived fifty per cent government holiday…
The Nigerian naira lost its recent momentum on the parallel market, dipping to N1,398 against the United States dollar. Bureau de Change operators across major street markets reported the slide following a fresh surge in corporate and retail foreign exchange demand. The minor depreciation halts a brief period of appreciation that had pulled the local…
The Central Bank of Nigeria has abolished pandemic-era restrictions on personal domiciliary accounts following a notable improvement in foreign exchange liquidity. Under the new directive, individual account holders can now deposit and withdraw foreign currency freely without the rigid caps imposed during the global health crisis. The policy reversal signals growing confidence within the apex…
Nigerian stocks extended their upward trajectory in May as corporate earnings reports triggered a fresh wave of domestic buying. Data from the Nigerian Exchange Limited showed equity investors accumulated over N4.514 trillion in capital gains during the month. The market also staged a swift recovery from its late-May wobble. It reclaimed N431 billion in total…
The Nigeria Democratic Congress has officially chosen former Labour Party flagbearer Peter Obi as its consensus presidential candidate. The opposition party ratified the nomination at its national convention in Abuja after Obi emerged as the sole cleared aspirant. His formal adoption seals a dramatic realignment within the opposition coalition ahead of the upcoming election cycle….
The Nigeria Democratic Congress has commenced its nationwide primary elections today, with an unprecedented financial waiver that exempts unsuccessful contestants from paying nomination fees. Party leaders declared that only victorious aspirants will proceed to pay for formal nomination forms and complete secondary documentation at the national secretariat. The decision emerged from a high-level joint meeting…
A fast-moving Ebola outbreak in the Democratic Republic of Congo has crossed tragic milestones, catching health authorities flat-footed. The World Health Organisation reported nearly 1,000 suspected cases and 220 deaths tied to the virus. Global health leaders concede that the epidemic is actively outrunning containment measures on the ground. Compounding the crisis, the virus has…
