Author: Ogochukwu Ndubuisi

Oil Falls Below $100 after Trump’s Comments on U.S.-Iran Talks Oil prices fell back below the key 100 dollars per barrel mark after U.S. President Donald Trump said Iran was willing to negotiate, easing market concerns over supply disruptions. Brent crude for May delivery slipped just under 100 dollars a barrel following Trump’s remarks, dropping around 4 prt cent within minutes. Prices had surged in recent weeks in the ongoing conflict with Iran, briefly approaching 120 dollars a barrel. Before the conflict began, Brent had traded between 60 dollars and 70 dollars for several months. The rise in oil prices…

The naira advanced against the US dollar (USD) at the official window on Tuesday, according to daily FX data published by the Central Bank, reflecting the absence of pressures in the currency market.

Iran Sends Waves of Missiles into Israel, Dismisses Trump’s Talk of Negotiations as ‘Fake News’ Iran launched multiple waves of missiles at Israel, the Israeli military said, after U.S. President Donald Trump postponed a threat to bomb the Islamic Republic’s power grid because of what he described as ​productive talks with Iranian officials. The missiles triggered air raid sirens in parts of Israel, including Tel Aviv where blasts from interceptions were heard. In one attack, homes in northern ‌Israel were damaged by falling debris following an interception. U.S. and Iran had held “very good and productive” conversations about a “complete…

Denmark Votes as Prime Minister Frederiksen Seeks 3rd Term After Greenland Crisis Denmark votes as Prime Minister Frederiksen seeks 3rd term after Greenland crisis Denmark votes in a parliamentary election on Tuesday, with Social Democratic Prime Minister Mette Frederiksen seeking a third term after a row with Washington over the future of Greenland thrust her into the international spotlight. Her main challenger is centre-right Defence Minister Troels Lund Poulsen, of the Venstre party, who has emerged as a key rival in the campaign. The vote comes amid months of heightened tensions over U.S. President Donald Trump’s push to take control…

Russia is Sending Iran Intelligence to Prolong War – Zelensky Ukrainian President Volodymyr Zelensky said on Monday that Russia is passing intelligence to Iran in an effort to prolong the war in the Middle East. Citing the Ukrainian HUR military intelligence service, Zelensky said in his evening video address that there was further evidence that Russia was continuing to support the Iranian leadership with intelligence. He did not provide any details. Zelensky also said he had been briefed by the SBU intelligence service. Russia’s war against Ukraine must not be allowed to benefit from the geopolitical situation and the crisis…

Dangote Warns of Global Oil Shocks A foremost industrialist, Alhaji Aliko Dangote, has warned that Middle-East tensions driving global oil volatility could have far-reaching consequences for Nigeria and African economies. Dangote spoke on Monday in Lagos after a courtesy visit and Eid-el-Fitr homage to President Bola Tinubu. He said the visit was to extend Sallah greetings, reconnect with the president after some time, and reaffirm respect and continued support for the administration’s policies. Dangote noted Nigeria had no direct role in the crisis but would still feel the impact because of deep global economic interdependence. “We are part of a…

A significant surge in US dollar demand at the Nigerian foreign exchange market (NFEM) led to a sharp decline in the naira’s value on Monday, according to daily FX data published by the Central Bank.

Money market rates diverged amidst strong liquidity in the financial system, driven by deposits from Nigerian lenders’ activities at the Apex Bank window.

Moniepoint Acquires Orda to Boost Africa’s Food Service Economy Moniepoint Inc. has acquired Orda Africa to strengthen its presence in Africa’s fast-growing food service sector valued at about 50 billion dollars. Orda Africa (“Orda”) is a leading cloud-based restaurant management platform operating in Nigeria. The acquisition will integrate Orda into Moniepoint’s Moniebook platform, an all-in-one point-of-sale and business management solution launched in 2025. The platform provides African businesses with integrated financial and operational tools that combine payments and bookkeeping in a single system. Moniepoint, in a statement on Monday in Lagos, said the move would enable restaurant operators to scale…

Sunderland Stun Newcastle With Late Winner in Dramatic Tyne-Wear Derby Sunderland striker Brian Brobbey scored a 90th-minute winner against Newcastle United to secure a 2-1 win in a hotly-contested Tyne-Wear derby on Sunday. The results lifts them above their bitter rivals in the English Premier League standings. The visitors bounced back from a flat first-half performance to take the game to their rivals in the second, and they were rewarded when Brobbey scored late to snatch the three points. Sunderland got off to a dreadful start as defender Luke O’Nien fluffed his attempt at a long ball from inside his…