Jumoke Salako

Naira Firms at 1,352 Against the Dollar August 18 2026

Naira Slumps as Corporate Dollar Demand Surges

The Naira weakened by 2.48 percent in early Tuesday trading as corporate demand for the US Dollar intensified. Opening rates at the Nigerian Foreign Exchange Market averaged ₦1,388.38, a sharp drop from the previous week’s close of ₦1,353.90. This sudden volatility tested the Central Bank of Nigeria’s new electronic matching system. Intraday rates even touched…

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D’Tigress Defend Eighth Spot FIBA Qualifiers

D’Tigress Defend Eighth Spot FIBA Qualifiers

Nigeria’s senior women’s basketball team, D’Tigress, has retained its eighth-place position in the FIBA World Rankings following the conclusion of the 2026 World Cup Qualifiers. The African champions produced a mixed bag of results in Group A, securing two wins against Colombia and the Philippines while falling to South Korea, France, and Germany. Despite finishing…

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Toyin Abraham Crowned Box Office Champion After Grossing N1bn

Toyin Abraham Crowned Box Office Champion After Grossing N1bn

The National Film and Video Censors Board (NFVCB) has honoured filmmaker Toyin Abraham with the Box Office Champion award following the record-breaking success of her film, Oversabi Aunty. The recognition, presented on Thursday, 19 March 2026, marks a historic shift in the industry as Abraham becomes the first directorial debutant in Nollywood to surpass the…

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Dangote Refinery Leads European Jet Fuel Supply

South Africa Leads African Rush for Dangote Fuel

South Africa, Ghana, and Kenya have approached the Dangote Petroleum Refinery to secure emergency fuel contracts as the Middle East energy crisis threatens continental supplies. Bloomberg reported on Friday, 20 March 2026, that Pretoria is seeking a 12-month supply deal to insulate its economy from the fallout of the Iran-Israel conflict. The 650,000-barrel-per-day facility in…

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Israeli Drone Strike Kills Two in Southern Lebanon

Saudi Arabia Intercepts Seven Drones as War Enters Twelfth Day

Saudi Arabian air defences intercepted and destroyed seven drones on Wednesday, March 11, 2026, as the “Epic Fury” conflict between Iran and the US-Israeli alliance spilled further into the Gulf. The Saudi Ministry of Defence confirmed that two of the unmanned aerial vehicles (UAVs) were specifically targeting the Shaybah oil field, a strategic Aramco asset…

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