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United Bank for Africa has named Emmanuel Nnorom as its incoming group chairman to succeed Tony Elumelu, who will retire from the board on August 21, 2026. The Tier-1 financial institution announced the leadership transition following a board meeting in Lagos. Elumelu leaves the post after completing the maximum twelve-year tenure permitted for non-executive directors…
Russia’s push to capture the remaining territory of the eastern Donetsk region has stalled as casualty rates rise. Figures compiled by the Ukrainian military indicate that Moscow lost roughly 40,000 troops during June alone. The Institute for the Study of War confirms that Russian territorial gains have shrunk even as the human cost increases. The…
The federal government has successfully evacuated 593 Nigerians from South Africa following a severe spike in xenophobic hostilities. The Ministry of Foreign Affairs confirmed that the returnees arrived at the Murtala Muhammed International Airport in Lagos aboard two chartered aircraft. Officials revealed that three additional emergency flights will return to Johannesburg next week to rescue…
The Federal Government plans to end the separation of Junior Secondary Schools from Senior Secondary Schools to combat Nigeria’s primary education dropout rates. Minister of Education, Dr Tunji Alausa, announced the decision in Abuja while inaugurating a basic education monitoring committee. The current administrative split has failed to ensure a seamless transition for local learners….
Nigeria’s trade volume with other African nations reached $9.02 billion in 2025, representing a 21% annual increase. Fresh data highlights the expanding influence of the African Continental Free Trade Area agreement on local commerce. Reduced tariff barriers have allowed local manufacturers to penetrate previously restricted regional markets. The surge helps diversify foreign earnings away from…
Nigeria exported an estimated 148.9 million barrels of crude oil valued at N20.22 trillion during the first five months of 2026. This financial windfall comes despite persistent domestic challenges in hitting headline production targets. International oil prices surged following a geopolitical conflict in the Middle East that restricted passage through the Strait of Hormuz. High…
The Nigerian naira maintained a relatively steady position against the United States dollar during early trading on Friday. Data from the official foreign exchange market showed the local currency exchanging at N1,374.52 per dollar by mid-morning. The current rate represents a marginal appreciation from the opening figures recorded at the start of the daily session….
Iran shut down the strategic Strait of Hormuz today in a dramatic escalation following intense Israeli military strikes on southern Lebanon. Tehran announced a complete ban on all commercial shipping through the narrow maritime corridor, which handles nearly a fifth of the world’s daily petroleum consumption. The aggressive maneuver shatters the fragile 112-day ceasefire memorandum…
The International Organisation for Migration has evacuated 180 stranded Nigerian migrants from Benghazi, Libya, back to Lagos. The repatriation exercise represents the latest phase of the Assisted Voluntary Return and Reintegration programme. Financed largely by the European Union, the initiative operates in close coordination with the Federal Government of Nigeria. The returnees arrived at the…
Anfield has lost patience with the man who delivered its twentieth league title. Liverpool has sacked head coach Arne Slot following a miserable Premier League campaign that saw the defending champions collapse to a fifth-place finish. The decision comes just twelve months after the Dutchman engineered a stunning domestic triumph in his debut season. Fenway…
