Author: Ogochukwu Ndubuisi

Russian Finance Minister Warns Hormuz Blockade Could Trigger Global Recession The blockade of the Strait of Hormuz has already triggered a global energy crisis and could lead to higher food and fertilizer prices and a recession of the entire global economy. Russian Finance Minister Anton Siluanov on Wednesday said that all countries are suffering from this situation already, and it would be worse in the near future. In his opinion, the countries most affected by the consequences of the Strait of Hormuz blockade will be energy-importing nations in Asia and Europe, as well as the poorest states in Africa. He…

S/East APC Dismisses ₦800bn Fund Diversion Allegation Against Uzodinma The South East Chapter of the All Progressives Congress (APC) says the N800 billion fund diversion allegation against Gov. Hope Uzodinma of Imo is spurious and baseless. It also stated that Uzodinma remained unwavering in his commitment to delivering good governance, sustainable development, and improved welfare for the people of Imo. The chapter made this known in a statement signed by Dr Ijeomah Arodiogbu, National Vice-Chairman (South-East), APC in Lagos on Wednesday. The chapter said the allegations were politically masterminded, especially following Uzodinma’s indication to contest the Imo East senatorial seat…

US Appeals Court Temporarily Pauses Ruling Against Trump Tariffs U.S. President Donald Trump has secured an interim victory in the legal battle over his tariff policy. A federal appeals court temporarily suspended a lower court ruling that found Trump’s temporary tariffs on imports from around the world unlawful last week. Importers must therefore continue paying the 10 per cent duties for now. The appeals court’s decision is not a final ruling. Instead, it temporarily pauses the judgment by the lower court – the Court of International Trade in New York – while the appeals judges consider the U.S. administration’s request.…

Fidelity Bank, Oborevwori’s NGO Empower 500 Delta Women Fidelity Bank Plc, in partnership with the You Matter Foundation, a pet project of the Wife of the Delta Governor, Mrs Tobore Oborevwori, on Tuesday, donated N40 million to 400 market women in the state. Another set of women also received 50 sewing machines and 50 grinding machines as an empowerment package. The 500 beneficiaries were selected from the 25 Local Government Areas of the state. The gesture formed part of the bank’s Corporate Social Responsibility, under the Fidelity Helping Hands Programme (FHHP) and Give Her Power (GHP) initiative. In a keynote…

Tinubu Pitching Nigeria’s Business Case to Africa – Presidency President Bola Tinubu remains committed to fast-tracking Nigeria’s development through reforms and positioning the country as a leading destination for continental and global investment. Mr Sunday Dare, Special Adviser on Media and Public Communications to the President, made this known on Wednesday in a statement ahead of Tinubu’s participation at the Africa CEO Forum 2026 in Kigali, Rwanda. The statement, titled “In Rwanda, Tinubu Pitches the Nigerian Business Case to the Rest of Africa,” described Kigali as the stage for one of the administration’s most significant investor engagements since assuming office.…

UN Warns Against Global Sand Shortage, Pushes for Alternatives The UN says humanity is extracting sand and gravel faster than nature can replenish it, warning that sand is not an endless resource. This is contained in a new UN Environment Programme (UNEP) report, “Sand and Sustainability: An Essential Resource for Nature and Development”. UNEP said surging global demand for sand, driven by population, economic, urbanisation and infrastructure growth, is outpacing sustainable sand supply, threatening the ecosystems and livelihoods on which we depend. The UN agency decried the sand dilemma, saying “we depend on ‘dead’ sand for infrastructure and ‘alive’ sand…

Nairobi Securities Exchange (NSE) All-share index (ASI) climbed on Tuesday, supported by investors’ appetite for Shri Krishana, Kenya RE, Co-op Bank, Sanlam and Eaagads stocks in the local bourse.

The equities segment of the Nigerian Exchange (NGX) maintained its winning streak, posting N1.36 trillion in capital appreciation. 

The naira fell against the US dollar at the Nigerian Foreign Exchange Market (NFEM) window for the third consecutive trading session amid growing FX payments from eligible market participants.

Nigerian Exchange (NGX) expanded further on Tuesday, with investors gaining N1.36 trillion as pension funds continued to flood the local bourse.