Author: Ogochukwu Ndubuisi

Trump Suggests Renaming Strait of Hormuz to ‘Trump Strait’ US President Donald Trump has suggested renaming the Strait of Hormuz as the “Trump Strait,” amid escalating tensions with Iran over the strategic waterway. In a post on Truth Social on September 2, Trump asked, “Now that we have it under U.S.A. control, should we change the name Hormuz Strait to TRUMP STRAIT???” Trump claimed the US has total control over the strait and that the US Navy has swept it for mines, countering Iran’s claim that the waterway is closed. Iran has said it will soon announce a new restricted…

Trump Promises $5k to Every U.S. Adult if Republicans Win Nov. Election U.S. President Donald Trump has promised every adult U.S. citizen a 5,000 dollars payment if Republicans retain control of both chambers of Congress in November’s elections. “So if the Republicans win, you win with us, and you get 5,000 dollars,” Trump said at a Republican Party convention in Dallas on Wednesday. He said the payment would be called the “Trump dividend.” Trump said the payment would be made if Republicans maintained their majorities in the Senate and House of Representatives. With more than 245 million adults in the…

The Lagos State Electricity Regulatory Commission (LASERC) has issued Elektron Energy Development Strategies Ltd. a licence to generate electricity in Lagos State.

Reflecting a negative supply outlook, crude oil prices rose 2.2% on Wednesday….

Lionel Messi Agrees Deal to Purchase Spanish Second-Tier Side Eldense Spanish second-division side C.D. Eldense has confirmed that Argentine great Lionel Messi has reached an agreement in principle to become the club’s new owner. The Inter Miami forward is close to completing a deal to buy 100% of the club’s shares from majority owner TH Soluciones Group S.A.S., the Colombian investment group that took control of Eldense in October 2025. According to reports in Spain and confirmed by the club on Wednesday, an announcement is expected in the coming days. If completed, Eldense will become the second Spanish club owned…

NVIDIA Tokenised bStocks (NVDAB) fell 2.67% to $225.04, moving independently of the broader

First Bank Spends N6bn Annually to Fight Cyber Threats – CEO First Bank of Nigeria Limited says it invests more than N6 billion annually in cybersecurity to protect its systems from cybercriminals. The bank’s Chief Executive Officer (CEO), Mr Olusegun Alebiosu, disclosed this on Wednesday in Abuja. Alebiosu spoke on the sidelines of the 19th Chartered Institute of Bankers of Nigeria Annual Banking and Finance Conference. He said the bank was on 24-hour surveillance of its systems, enabling it to take down millions of cyber threats monthly. The CEO said the bank would increase its cybersecurity investment as its business…

N930bn Liquidity Withdrawal Yet to Push up Rates A financial expert, Dr Tunde Awesu, says the N930 billion decline in banking system liquidity has yet to significantly push up short-term interest rates, indicating that the financial system remains sufficiently liquid. Awesu, President, Metropolitan School of Business and Entrepreneurship, said this in an interview with the News Agency of Nigeria on Wednesday in Lagos while assessing the recent liquidity tightening in the banking system. Awesu said the development should be viewed against the significant liquidity injection recorded in August following the maturity of Treasury instruments. Central Bank of Nigeria (CBN) data…

The naira traded sideways at the Nigerian foreign exchange market (NFEM) on Tuesday

Zelenskiy: U.S. Envoys Present ‘Decent Ideas’ U.S. peace negotiators Steve Witkoff and Jared Kushner presented several “decent ideas” during talks aimed at ending the war with Russia, Ukrainian President Volodymyr Zelenskiy said on Tuesday in Kyiv. Witkoff and Kushner visited both Russia and Ukraine over the weekend, holding several hours of talks with Zelenskiy and Russian President Vladimir Putin as diplomatic efforts continued without a breakthrough without success. However,​‌‍⁠‌‍⁠⁠‌‍‍‌​‍‍​‍‌​ the meetings failed to produce a breakthrough on ending the war, which had now entered its fifth year amid continued fighting and growing international pressure from all sides so far. Zelenskiy…