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Nigerian petrol prices are climbing toward N1,400 per litre as a naval standoff in the Middle East chokes global supply. The failed ceasefire between the United States and Iran has kept the Strait of Hormuz closed, driving Brent crude from $105 to $118 per barrel in 48 hours. This volatility forced the Dangote Petroleum Refinery…
Nigeria’s Senate has approved a suite of laws to fix a broken food system and stop the drain on foreign reserves. The centrepiece is the National Food Reserve Agency Bill, which creates a formal network of grain silos to manage supply shocks. By storing staples when they are cheap and releasing them during lean seasons,…
Nigeria wants to outlaw the habit of dumping development plans whenever a new president takes office. The House of Representatives passed a bill through its second reading on Wednesday to create a 50-year national economic framework. This law would bind future governments to a single set of goals from 2026 until 2076. Lawmakers believe a…
American lawmakers have moved to halve financial assistance to Nigeria unless President Bola Tinubu’s administration proves it can protect the country’s Christian minority. The House Appropriations Committee passed the Fiscal Year 2027 National Security bill on Wednesday, introducing a sharp ultimatum to Abuja. Under the new provisions, 50 per cent of all foreign assistance funds…
The United States is assembling a global maritime coalition to break Iran’s grip on the Strait of Hormuz. Diplomats in Washington have issued an internal directive to embassies worldwide, urging foreign governments to join the “Maritime Freedom Construct.” This American-led bloc aims to restore commercial traffic through a waterway that handles 20% of the world’s…
Nigeria’s currency posted a marginal gain against the US dollar at the official window, supported by a sharp rise in foreign exchange turnover and improved liquidity conditions, according to latest market data. Figures released by the Central Bank of Nigeria show the naira appreciated by 0.09 per cent to close at N1,379.46 per dollar,…
Subscribers of Showmax are being directed to transition to DStv Stream as the platform prepares to shut down on Thursday, marking a significant shift in digital streaming operations under MultiChoice. A notice sent to users and seen by PUNCH Online informed subscribers of the imminent closure, stating: “Big NEWS! The Showmax app is…
Nigeria’s Federal Government has announced Friday, May 1, 2026, as a public holiday in observance of this year’s International Workers’ Day, reaffirming the role of workers in national development amid ongoing economic and labour policy debates. The declaration was made by the Minister of Interior, Olubunmi Tunji-Ojo, through an official statement issued on…
A landmark moment is set for English football as Akil Howson becomes the first Black match official to feature in an FA Cup Final, underscoring a gradual shift towards diversity within the game’s officiating structure. The 35-year-old has been appointed assistant referee for the final between Chelsea FC and Manchester City, scheduled for…
A tense UEFA Champions League semi-final first leg in Madrid ended level as Julian Alvarez struck from the penalty spot to cancel out Viktor Gyokeres’s opener in a 1-1 draw between Atletico Madrid and Arsenal. The result leaves the tie finely balanced ahead of the return leg in London, with both sides still chasing…
