Author: Ogochukwu Ndubuisi

Oil prices fell on Monday as escalating economic tensions between the US and Iran…

FG, PSML Sign $1.3bn deal to Revive Delta Steel Coy The Federal Government has signed a sub-lease agreement to restore and fully operationalise the Delta Steel Company, now known as Premium Steel and Mines Limited (PSML), Ovwian-Aladja, Delta. The agreement was between the National Iron Ore Mining Company (NIOMCO), Itakpe, and PSML. A statement issued in Abuja on Thursday and signed by Salamatu Jibaniya, Head of Press and Public Relations, Federal Ministry of Steel Development, said PSML had committed to investing more than $ 1.3 billion in raw materials. The agreement is expected to facilitate the reactivation of the integrated…

US and European stocks declined as rising oil prices bolstered global inflation expectations, prompting central bankers to tighten monetary policy.

Driven by a slide in the overnight lending rate, funding costs in the money market…

Moniepoint: Unexpected Expenses Disrupt 73% of Nigerians’ Savings Plans, Urges Everyone to Stay “One Step Ahead” Moniepoint Microfinance Bank, the definitive bank for small and medium-sized businesses in Nigeria as well as their customers and employees, has announced the launch of a heavily enhanced savings account product line, backed by a new brand campaign themed “One Step Ahead,” starring Nollywood superstar Funke Akindele, popularly known as Jenifa. The move comes at a time where many businesses and individuals are grappling with global economic uncertainties even as consumers across Nigeria are demanding simpler, more flexible ways to save with an increased…

Energy, oil, gas, and insurance stocks dragged the Nigerian Exchange (NGX) market indicators lower, as sell pressure in the local bourse entered its eighth day on Thursday.

Sanwo-Olu Seeks Electricity Stakeholders’ Action to End Blackouts Gov. Babajide Sanwo-Olu of Lagos State has called for concerted efforts among electricity key stakeholders to end blackouts and build a sustainable 24-hour power economy in the state. Sanwo-Olu made the call on Thursday at a stakeholders’ meeting convened by the state government to address challenges confronting the state’s electricity sector and identify practical solutions to improve power supply. The governor said the state government had the political will to implement necessary reforms and create an enabling environment capable of attracting investments into the sector. He urged stakeholders, including power generation and…

About 40 vehicle assembly plants now operational in Nigeria – NADDC The National Automotive Design and Development Council (NADDC) says nearly 40 vehicle assembly plants are currently operational across Nigeria. The Director-General of NADDC, Mr Joseph Osanipin, said this at a One-Day Human-Centered Data & AI Master class for Commerce and Industry Correspondents Association of Nigeria (CICAN) on Thursday in Abuja. The theme of the event is: “Reporting Nigeria’s Automotive Transformation, from Policy to Production and Public Impact.” The NADDC boss, represented by the Director, Public Relations, NADDC, Mrs Susan Taiwo, said the development represented significant progress, noting that Nigeria…

India Leads Global Coconut Production With 31% of World Output India has retained its position as the world’s largest coconut producer, accounting for 31.24 per cent of global output, while ranking third in area under coconut cultivation. According to TV BRICS, a partner of the News Agency of Nigeria , India produced more than 20.3 billion coconuts in 2024–25 across approximately 2.19 million hectares, with average productivity reaching 9,249 nuts per hectare. About 2,175 hectares of additional land were brought under coconut cultivation across several Indian states during 2025–26, benefiting 13,068 farmers, according to the factsheet. India accounts for 17.90…

EU Leaders Back ICC After U.S. Imposes Sanctions on Officials European Union (EU) leaders on Wednesday expressed firm support for the International Criminal Court (ICC) following sanctions imposed by the United States on two senior court officials. The U.S. sanctions came on Aug. 17. before the European Commission President Ursula von der Leyen and European Council President Antonio Costa reaffirmed their backing for the ICC. In separate posts on social media platform X, the EU leaders said they stood firmly with the ICC, its President Tomoko Akane and other officials working to uphold the court’s mandate. “The ICC helps deliver…