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The global energy artery is narrowing. Iran’s Revolutionary Guards (IRGC) announced on Friday that they had intercepted and turned back three container ships attempting to transit the Strait of Hormuz. In a statement published on their official Sepah News website, the Guards declared the strategic waterway closed to any vessel travelling to or from ports…
Cristiano Ronaldo is on course to become one of the oldest players ever to appear at a FIFA World Cup, with the 41-year-old Portugal captain confirming that this summer’s tournament in North America will be his sixth and final appearance on football’s grandest stage. Ronaldo, who marked his 41st birthday on 5 February 2026,…
China has cemented its status as the world’s automotive factory, producing a record 34.5 million vehicles in 2025. This marks the 17th consecutive year the country has led global production, with sales following closely at 34.4 million units. Data from the China Association of Automobile Manufacturers (CAAM) shows a 10.4% jump in production and a…
Global energy markets are reeling as the Middle East conflict enters a volatile new phase. Crude oil prices surged by nearly 6% on Thursday, climbing to $108.3 per barrel after Iran dismissed a 15-point US peace proposal. Tehran labelled the plan “unfair” and “skewed” toward American and Israeli interests. The rejection abruptly reversed a brief…
The era of easy identity theft via mobile numbers is nearing its end. The Nigerian Communications Commission (NCC) has unveiled the Telecoms Identity Risk Management System (TIRMS), a platform designed to kill off SIM-related financial crimes. Aminu Maida, the Commission’s Executive Vice Chairman, announced the move on Thursday in Abuja. He argued that the mobile…
Tertiary education in Nigeria remains a high-risk environment for women. A new national survey has revealed that 70% of female students and 30% of male students have suffered at least one form of gender-based violence (GBV) on campus. These figures emerged from the National Campus Climate Baseline Survey, conducted across 12 universities spanning all six…
Nigeria has effectively ended the era of fiscal dominance. Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, announced on Thursday that the federal government’s “Ways and Means” debt has crashed to N2.84 trillion. This represents a massive reduction from the N26.95 trillion inherited by the current administration. Speaking at the Monetary Policy Forum in Abuja,…
The Naira maintained a fragile stability against the US Dollar on Friday, March 27, 2026. At the Nigerian Foreign Exchange Market (NFEM), the currency traded within a narrow band of ₦1,350 to ₦1,370. Mid-market indicators placed the official rate at approximately ₦1,356, reflecting a period of uncharacteristic calm. This follows months of aggressive interventions by…
Nigeria has stopped gambling with its energy security. Vice President Kashim Shettima made this clear on Thursday while commissioning the new head office of the Nigerian Electricity Liability Management Company (NELMCO) in Abuja. The government views the power sector as the primary floor for national progress. This new facility in the Asokoro District is not…
Foreign portfolio investment flowing into Nigeria’s stock market surged by 39.4% in February 2026, rising to N66.71 billion from N47.86 billion recorded in the same period of 2025, according to data released by the Nigerian Exchange Limited. The NGX report, released on Wednesday, shows a broad uptick in market activity, with total transactions at…
