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Global crude oil markets recorded their first significant decline since the escalation of Middle East hostilities, with benchmark Brent crude falling 8.45 percent to 90 per barrel and United States West Texas Intermediate (WTI) dropping 8.58 percent to 86.77 per barrel on Tuesday. The correction follows Monday’s dramatic surge that pushed prices past 100…
Controversial Kaduna-based Islamic scholar Sheikh Ahmad Abubakar Gumi has asserted that the Nigerian government maintains comprehensive intelligence on the identities and precise locations of terrorists operating within the country, claiming that security agencies accompany him during engagements with armed groups in forest hideouts. In an interview with DRTV that began circulating on Tuesday, Gumi defended…
President Bola Ahmed Tinubu has formally submitted the 2026 statutory budget of the Federal Capital Territory Administration to the Nigerian Senate, seeking legislative approval for an estimated N1.9 trillion spending plan focused on infrastructure, healthcare, education, and poverty reduction programmes. Senate President Godswill Akpabio read the President’s letter on the chamber floor during Tuesday’s plenary…
The Ruwais refinery in Abu Dhabi, described by state oil company Adnoc as the world’s fourth-largest single-site refinery, has halted operations as a precautionary measure following a drone attack on the nearby industrial complex, a source confirmed on Tuesday. The shutdown comes as Saudi Aramco’s chief executive warned that the escalating Middle East conflict could…
President Bola Tinubu has described the death of former Super Eagles head coach and renowned football administrator, Festus Adegboye Onigbinde, as a profound loss to Nigerian football, praising the late sports icon for his pioneering contributions to the development of the game in the country. In a condolence message issued through his Special Adviser…
The African continent recorded the highest regional aviation accident rate in the world during 2025, even as global safety performance showed marginal improvement, according to the 2025 Annual Safety Report released on Monday by the International Air Transport Association (IATA). The report, which assesses the safety performance of the global aviation industry, indicates that…
The English Premier League has formally adopted a new financial framework allowing member clubs to allocate up to 85% of their revenue toward squad costs, a threshold that substantially exceeds the 70% limit imposed by European football governing body UEFA on clubs competing in continental competitions. The decision, finalised through a vote of Premier…
Manchester City midfielder Rodri has been handed an £80,000 fine by The Football Association for comments he made questioning the neutrality of referee Robert Jones following the club’s 2-2 Premier League draw with Tottenham Hotspur on 1 February. The Spain international escaped a playing suspension after an independent regulatory commission determined that the threshold…
African technology startups raised 272 million during February 2026, representing a 56 per cent increase over January’s figures and positioning the continent’s venture ecosystem marginally ahead of comparable 2024 performance, according to data published by Africa: The Big Deal. The monthly rebound, captured across 40 individual transactions exceeding 100,000 in value, signals renewed capital…
G7 Ministers to Weigh Emergency Oil Release as Middle East War Triggers Market Chaos Group of Seven finance ministers will convene emergency talks Monday to consider coordinated releases from strategic petroleum reserves in an effort to stabilise global energy markets convulsed by the escalating Middle East conflict, according to a French government source with direct…
