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Two people are dead, and several others are injured following a violent pile-up at the Soka Junction on the Ibadan-Lagos Expressway. The Oyo State Police Command confirmed the accident occurred late Saturday night, April 4, around 10:10 pm. A speeding heavy-duty truck lost control and ploughed into a crowd of pedestrians and stationary cars. The…
Cross-border onion trade between Nigeria and Ghana has ground to a halt following a suspension announced by the National Onion Producers, Processors and Marketers Association of Nigeria, citing persistent harassment of its members and the alleged seizure of onion-laden trucks at the Kotoku Market in Accra. The National President of NOPPMAN, Isa Aliyu, announced the…
Oil prices climbed on Monday as a fresh cycle of threats between Washington and Tehran dashed hopes for a diplomatic truce. President Donald Trump used his Truth Social platform to warn of an imminent strike on Iranian power plants and bridges. He demanded that Iran bow to his terms for reopening the Strait of Hormuz….
The naira opened the week with a quiet show of strength. On April 6, the currency rose to ₦1,377.80 per dollar in the official market. This small gain follows a close of ₦1,380.79 last week. Stability is becoming a habit rather than an accident. The Central Bank of Nigeria (CBN) now uses a matching system…
Oil prices are flirting with a four-year high as OPEC+ struggles to bridge a massive supply chasm. Eight member nations agreed on Sunday to raise production quotas by a modest 206,000 barrels per day for May. The move is largely symbolic. Ongoing hostilities between Israel, the United States, and Iran have effectively choked the Strait…
Nigeria’s Federal Government has significantly expanded its borrowing plan for 2026, pushing total debt financing to N29.20 trillion, a sharp jump of N11.31 trillion from the N17.89 trillion projection that appeared in the Abridged Budget Call Circular issued by the Federal Ministry of Budget and Economic Planning in December 2025. The revised figure is contained…
The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Code of Conduct Bureau (CCB) to court for failing to investigate the alleged illegal alteration of the Electoral Act and recent tax reform laws. In a suit filed at the Federal High Court in Abuja, the rights group claims that key provisions were surreptitiously “doctoring”…
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has warned that Nigeria’s current economic trajectory is failing the poor. Speaking virtually at the Nigeria Business Summit 2026 in Lagos, Edun noted that while average yearly GDP growth has climbed from 2% to 4%, the uptick remains too shallow to lift millions…
The Nigeria Sovereign Investment Authority (NSIA) has reported a bruising 91% drop in annual profit, as the era of easy gains from naira devaluation came to an abrupt halt. Net income for the 2025 financial year fell to $107.03m, a staggering descent from the $1.24bn recorded in 2024. The state-owned fund, which manages Nigeria’s oil…
US President Donald Trump has issued a 48-hour deadline for Iran to reopen the Strait of Hormuz or face “all-out hell” through overwhelming military action. The ultimatum, posted on Truth Social on Easter Sunday, follows six weeks of a joint US-Israeli campaign that has rattled global oil markets and left thousands dead. Trump’s warning coincides…
