Author: Ogochukwu Ndubuisi

Sunbeth Secures Approval for N200bn Commercial Paper to Boost Cocoa Export Sunbeth Global Concepts Ltd., one of Nigeria’s largest cocoa exporters and a top five non-oil export contributor, has secured approval to establish a ₦200 billion Commercial Paper Programme. Sunbeth Global Concepts Ltd. is a leading agro-commodities sourcing and trading platform operating across key international markets. This is contained in a statement made available to the News men on Tuesday in Lagos. According to the statement, the company has launched up to ₦100 billion in Series 1, 2 and 3 Commercial Paper issuances under the programme to strengthen working capital…

Banking and oil stocks drove momentum in the Nigerian stock market on Tuesday, reflecting investors’ positive sentiment amidst earnings releases.

Ellah Lakes’ N235bn Public Offer Failed, Investors Get Refund Ellah Lakes Plc’s N235 billion public offers failed to meet the minimum subscription threshold required for allotment, according to a regulatory filing on the Nigerian Exchange. Management told the authority that public offer for 18.8 billion ordinary shares at ₦12.50 per share did not meet the minimum subscription threshold required for allotment. As a result, the offer has been declared unsuccessful, and no shares will be allotted to subscribers, according to the official statement submitted to the Nigerian Exchange. The company’s offer was opened on November 10, 2025, and closed on…

Iran Says Strait of Hormuz Closed, Warns it’ll Attack Ships Trying to Pass Iran says the Strait of Hormuz is closed and it will fire on any ship ​trying to pass, Iranian media has reported. About a fifth of the world’s total oil consumption passes through the strait. The Strait of Hormuz lies between Oman and Iran. It links the Gulf north of it with the Gulf of Oman to the south and the Arabian Sea beyond. It is 21 miles (33 km) wide at its narrowest point, with the shipping lane just 2 miles (3 km) wide in either…

U.S. Imposes Sanctions on Rwanda Military Over East Congo Fighting The U.S. on Monday imposed sanctions ‌on the Rwanda Defence Force (RDF) and top military officials over their role in ongoing fighting in eastern Democratic Republic of Congo and called for their immediate withdrawal from the mineral-rich region. Rwanda has long rejected allegations from Congo, the United Nations, and Western powers that ​it supports the AFC/M23 rebel group, which staged a lightning offensive last year and now holds ​more territory in eastern DRC than ever before. But the U.S. Treasury Department said on ⁠Monday that the rebels’ gains would have…

Brent hit $80 per barrel on Tuesday as Middle East tensions rattled the global commodity market, raising supply risks and affecting energy costs.

Iran Regime Change Welcome But Not Main Goal – U.S. Vice President U.S. officials have stressed that President Donald Trump’s actions in Iran are not primarily aimed at regime change. In an interview with Fox News published on Monday, Vice President JD Vance said that “in a perfect world,” the United States would welcome a leader in Tehran willing to cooperate with Washington. But Trump’s main objective, he said, is to ensure that Iran never acquires a nuclear weapon, regardless of who is in power. “Whatever happens with the regime in one form or another, it’s incidental to the president’s…

FG Unveils $552m HOPE-EDU Initiative to Boost Basic Education Reform The Federal Government has unlocked a 552 million dollars HOPE for Quality Basic Education for All (HOPE-EDU) programme to accelerate basic education reform across the country. This is contained in a statement on Tuesday in Abuja by Boriowo Folasade, Director Press and Public Relations, Federal Ministry of Education. The initiative, facilitated by the ministry is aimed at improving foundational learning, expanding access to quality basic education and strengthening education systems in participating states. Boriowo quoted the Minister of Education, Dr Tunji Alausa to have said that the programme aligned with…

The Akwa Ibom Government says it has cleared all inherited bank debts totalling N39.83 billion, including the principal and interest.

Iran Not Negotiating With U.S. — Top Official Secretary of Iran’s Supreme National Security Council Ali Larijani on Monday stressed that the country will not negotiate with the United States. Larijani made the remarks in a post on X in response to a Wall Street Journal report, claiming that he was seeking to return to the negotiating table with the United States. The United States and Israel on Saturday morning launched joint attacks on Iran’s capital of Tehran and several other cities. The attack killed Supreme Leader Ali Khamenei, along with several others, including some of the leader’s family members,…