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Oil prices drop amid US withdrawal from Iran

Oil prices slumped on Wednesday amid reports that the United States would be “out of Iran pretty quickly” and could return for “spot hits” if needed. President Donald Trump told Reuters on Wednesday about the planned withdrawal of troops from Iran to end a war that started on February 28. According to Reuters, Trump and...
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A New Shopify Rival for African Merchants

Fintava, a Nigerian fintech company, has launched Finstore, a free online store builder designed to simplify e-commerce for African merchants and challenge established global platforms such as Shopify. The company said the platform, which recently went live, has already onboarded more than 150 merchants within its first week of operation, signalling strong early demand for...
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NNPC Boosts Crude Supply to Dangote Refinery for May

The Nigerian National Petroleum Company Limited has increased crude oil supply to the Dangote Petroleum Refinery and Petrochemicals, allocating seven cargoes for May loading in a move aimed at boosting domestic fuel production. Two trader sources told Reuters on Tuesday that the latest allocation marks an increase from the five cargoes the refinery had been...
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Sterling Bank Marks One Year of Zero Transfer Fees

Sterling Bank is celebrating the first anniversary of its Zero Transfer Fees policy, which has returned over N1.6 billion directly to customers since its launch. Launched on April 1, 2025, the policy eliminated transfer charges on Sterling’s digital platform, OneBank, making it the first major Nigerian bank to waive revenue from customer online transactions. In...
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Nigeria’s oil reserves dip as gas reserves rise to 215TCF

Nigeria’s oil reserves recorded a marginal decline in 2026, while gas resources expanded, reflecting a gradual shift in the country’s hydrocarbon profile amid sustained production and discoveries. The Nigerian Upstream Petroleum Regulatory Commission disclosed this on Wednesday in Abuja, as it released the nation’s official petroleum reserves position as of January 1, 2026. In a...
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CardinalStone Bags Top Honors at DealMakers Africa Awards

CardinalStone Partners Limited, a leading African financial services group, has solidified its position as a powerhouse in the capital markets, securing top-tier recognition at the prestigious DealMakers Africa Awards 2025. The firm dominated the equity advisory rankings, claiming the top spot for Financial Adviser by Transaction Flow (Equity) while securing third place for Financial Adviser...
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Nigeria’s New Naira Remittance Policy Reshapes Landscape

The Central Bank of Nigeria’s new naira settlement rule for diaspora remittances marks a notable shift in policy, with implications for recipients, foreign exchange flows, and market operations, JUSTICE OKAMGBA writes the Central Bank of Nigeria recently unveiled a sweeping policy that is set to reshape how diaspora remittances are received in the country, marking...
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Why Institutional Support is Crucial for Women Businesses

Women Entrepreneurship & Leadership for Africa has stated that while resilience has driven the growth of women-led businesses in Nigeria, institutional capacity will ultimately determine their long-term survival and expansion. In a statement on Tuesday, WELA noted that Nigeria has one of the highest rates of female entrepreneurship globally, with women owning between 40 and...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...