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Israel launched coordinated strikes on Tehran and Beirut on Tuesday while attacks in Baghdad drew Iraq further into a widening Middle East conflict that has triggered severe economic disruption across global markets and displaced millions across the region. The Iranian capital, subjected to near-daily bombardment since a joint United States-Israeli military offensive began on…
The escalating military conflict between the United States, Israel, and Iran has triggered a severe disruption to international air transport, with average airfares recording increases exceeding 100 percent across multiple routes as Middle Eastern carriers suspend operations indefinitely and major global airlines reroute flights away from the region. The crisis, which has forced the…
Nigerian rapper, songwriter, and music executive Olamide Gbenga Adedeji, widely known as Olamide, marks his 37th birthday today as one of the most transformative figures in the history of Nigerian popular music. Born on March 15, 1989 in Bariga, Lagos State, the artist has spent more than a decade reshaping the sound, business structures, and…
In recent years, Nigeria has witnessed a perplexing economic phenomenon: the rising prices of food and essential items despite a backdrop of poor consumer demand. This situation is particularly striking as it unfolds against the backdrop of the religious observance periods of Lent for Christians and Ramadan for Muslims, times traditionally marked by fasting and…
The world football governing body, FIFA, has imposed financial sanctions on both the Nigeria Football Federation and the Congolese Football Association following disciplinary incidents recorded during the African playoff final for the 2026 World Cup qualification held on November 16, 2025 in Rabat, Morocco. FIFA stated that Nigeria was penalised for a breach relating…
Vessels carrying 129,000 metric tonnes of Premium Motor Spirit and Automotive Gas Oil are scheduled to dock at Nigerian ports between March 14 and 17, 2026, even as the Nigerian Midstream and Downstream Petroleum Regulatory Authority maintains that no new petrol import licences have been issued this year. The arrivals, documented in the Nigerian Ports…
The Nigerian Exchange recorded an unprecedented milestone yesterday as the all-share index breached the 200,000-point threshold for the first time in the market’s history, driven by strong investor demand and broad-based gains across key sectors. The benchmark index rose 1.55 per cent to close at 201,474.89 points, up from 198,407.3 points in the previous…
Nigeria has recorded 469 confirmed cases of Lassa fever and 109 deaths in the first nine weeks of 2026, with the case fatality ratio climbing to 23.2 per cent, a significant increase from the 18.7 per cent recorded during the same period in 2025, according to the Nigeria Centre for Disease Control and Prevention. The…
Nigeria-based Nigus International Investment Limited and UAE-headquartered Elmirate Investment LLC have signed a strategic partnership agreement expected to attract up to $200 million in investment to develop defence technology, cybersecurity capabilities, and satellite infrastructure in Nigeria, marking a significant expansion of foreign capital into the country’s defence manufacturing sector. The two companies formalized a…
Nigeria’s food inflation rate climbed back into double-digit territory in February 2026, rising to 12.12 per cent and reversing the single-digit slowdown recorded just one month earlier, according to data released by the National Bureau of Statistics on Monday. The February figure represents a sharp month-on-month increase of 3.23 percentage points from the 8.89…
