Author: Ogochukwu Ndubuisi

11 Ships Laden with Various Commodities Arrive Lagos Ports Twelve ships have arrived Lekki, Tincan and Apapa ports in Lagos, waiting to discharge diesel, crude oil, bulk urea, aviation fuel and general cargo. The Nigerian Ports Authority (NPA) stated this in its publication – “Shipping Position”, a copy of which was made available to the News men on Friday in Lagos. The document stated that 38 ships laden with petroleum products, food items and other goods were being expected in Apapa, Lekki and Tin-Can Island ports from Feb. 27 to March 7. The NPA added that the expected ships contain…

Alleged Terrorism: Court Grants Malami, Son N200m bail The Federal High Court, Abuja has admitted former Attorney-General of the Federation (AGF), Abubakar Malami, and his son, Abdulaziz, to N200 million bail on charges bordering on alleged terrorism and illegal possession of firearms. Justice Joyce Abdulmalik granted the bail on Friday while ruling on the application argued by the defendants’ lead counsel, Mr Joseph Daudu, SAN. The defendants, however, were ordered to be remanded in Kuje Correctional Centre pending the perfection of their bail conditions. Some of the bail conditions included that the former AGF and his son must produce two…

The Central Bank of Nigeria (CBN) has made another foreign exchange market intervention this week to address the ongoing depreciation of the naira.

MTN Nigeria to Pay Shareholders N15 as Final Dividend Telecommunication company MTN Nigeria Plc has declared a financial dividend of N15 per ordinary share for the financial year 2025, payable to its shareholders. In its audited financial statement submitted to the Nigerian Exchange, the telecom giant delivered N1.11 trillion for 2025, reversing the previous year’s loss as performance improved significantly. MTN Nigeria, which had been in a dividend holiday, rebounded with a bang, first declared N5 per ordinary share in the second half of 2025, and topped it up with an additional financial dividend with April 8 as the qualification…

Oil Prices Surge over U.S.-Iran Unclosed Nuclear Deal Brent crude rose above $71 per barrel as crude oil prices jumped in the global commodity market on Friday. Oil climbed as the absence of a concrete outcome from nuclear negotiations between the US and Iran sustained concerns over global supply. International benchmark Brent crude traded at $71.19 per barrel at 9.40 a.m. local time (0640 GMT), up 0.2% from the previous close of $71.01. US benchmark West Texas Intermediate (WTI) increased 0.2% to $65.62 per barrel, compared with $65.46 in the previous session. Iranian Foreign Minister Abbas Araghchi said progress had…

Germany, Austria Remain Europe’s Cash Strongholds, Survey Finds BearingPoint commissioned a new survey showing Germany and Austria still lead Europe in cash usage, defying the broader continental shift toward digital payments and card-based transactions across retail and services sectors. The poll, conducted in December by YouGov, found that 73 per cent of respondents in Germany cited cash as their most frequently used payment method, rising from 69 per cent a year earlier. In Austria, 71 per cent of participants said they regularly paid with banknotes and coins, confirming the country’s continued preference for physical currency in spite of growing availability…

Hillary Clinton to Testify Before U.S. Congress in Epstein Affair Former U.S. Secretary of State Hillary Clinton is due to testify before the U.S. Congress on Thursday relating to the scandal surrounding sex offender Jeffrey Epstein. Initially, Hillary Clinton, 78, is expected to testify under oath on Thursday, before her husband and former president Bill Clinton, 79, is questioned on Friday. According to US media, they will be questioned not in Congress in Washington, but via video link. These are expected to be closed sessions, so it is unclear how much information will be made public. Hillary and Bill Clinton…

Buni Emerges Secretary of APC 2026 National Convention Committee Gov. Mai Mala Buni of Yobe has emerged as the Secretary of the 2026 National Convention Committee of the All Progressives Congress (APC). This is contained in a statement by Mamman Mohammed, Director-General, Press and Media Affairs to the Governor, issued on Wednesday in Damaturu. He said the National Chairman of the Party, Prof. Nentawe Yilwatda, inaugurated the 98-member committee in Abuja on Tuesday. The committee is chaired by the former Katsina State Governor, Aminu Masari and mandated to organise the party’s 2026 national convention. Yilwatda expressed confidence in the committee’s…

Saudi Airlines to Restart Flight Operation From Jeddah to Abuja Amb. Yousef Albalawi, Saudi Arabian Ambassador to Nigeria, says the Saudi airlines will restart the flight operation from Jeddah to Abuja in June or by January 2027. Albalawi disclosed this on Wednesday when he paid a courtesy visit to the Minister of Information and National Orientation, Alhaji Mohammed Idris, in Abuja. He said that the visit was to strengthen existing relationship between Saudi Arabia and Nigeria, and to enhance the opportunities to work together in many fields, especially in economic, political and security issues. “Also, we will continue to serve…

Galatasaray Advance After Extra Time to Deny Stunning Juventus Comeback Galatasaray were beaten 3-2 at Juventus on Wednesday but reached the last 16 of the Champions League 7-5 on aggregate. Thanks to two extra-time goals after the hosts came agonisingly close to pulling off a great escape despite playing with 10 men. Left with a mountain to climb after a 5-2 loss in Istanbul, Juventus forced the tie into the extra 30 minutes and looked to have the upper hand before Victor Osimhen struck at the end of the first half of extra time and Baris Alper Yilmaz netted late…