Author: Ogochukwu Ndubuisi

PenCom Extends Online Pension Verification Exercise to December The National Pension Commission (PenCom) has extended the deadline for the ongoing mandatory One-Time Online Verification and Enrolment Exercise for employees of treasury-funded Ministries, Departments and Agencies (MDAs) to Dec. 31. PenCom announced the extension in a statement issued on Tuesday, saying the exercise, which commenced in February, was initially scheduled to end on July 31. It said that the extension followed several requests by MDAs for additional time to enable eligible employees to participate in the online enrolment process. The commission urged eligible employees who were yet to enrol, as well…

Nigerian Exchange (NGX) market capitalisation increased by more than N575 billion

NDLEA Dismantles Another Industrial Meth Lab, Arrests Fleeing Mexican Kingpin The National Drug Law Enforcement Agency (NDLEA) has dismantled yet another industrial-scale methamphetamine laboratory and arrested a Mexican drug kingpin who was attempting to flee the country through the Lagos airport. The NDLEA chairman, retired Brig.-Gen. Buba Marwa said this while briefing the media on the latest development on Tuesday in Lagos. This is contained in a statement by the Director, Media and Advocacy, NDLEA, Mr Femi Babafemi on Tuesday. Marwa said that the operation was a fresh one that further exposed the desperation by transnational cartels to infiltrate Nigeria’s…

7 Things to Know About the Dangote Refinery IPO Dangote Petroleum Refinery has opened its initial public offering to investors. Here are the key details. 1. The company is seeking about ₦2.15 trillion The offer comprises 4.1 billion ordinary shares priced at ₦525 each. If fully subscribed, it will raise approximately ₦2.15 trillion. 2. The offer runs for one month The IPO opened on Sept. 14, 2026, and is scheduled to close on Oct. 13, 2026. 3. Investors can start with ₦5,250 The minimum subscription is 10 shares. At ₦525 per share, eligible investors can participate with ₦5,250. 4. The…

Global equities markets were significantly bearish due to negative sentiment in AI

Oil prices rose on Tuesday as fading hopes for US-Iran talks and growing concerns over Saudi oil supplies raised fears of disruptions to global supply.

The naira traded sideways at the Nigerian foreign exchange market (NFEM) on Monday, with data

Trump: Falling Nation of Iran Wants Deal Quickly and Badly US President Donald Trump says Iran is pushing for a deal with Washington as pressure mounts over the Strait of Hormuz blockade. In a post on Truth Social on Monday, Trump described Iran as a “failing nation” and said Tehran wants an agreement “quickly and badly.” “The failing Nation of Iran wants to make a deal, quickly and badly. I will determine whether or not the U.S.A. will choose to engage – The concept of which we are open to,” Trump wrote. The comments come as a planned meeting in…

Oil prices rose Monday as a drone attack on Saudi Arabia’s East-West Oil Pipeline

Oman Postpones Crucial Gulf-Iran Meeting On Hormuz Agreement A planned meeting in Oman between Gulf countries and Iran to discuss possible agreements on the Strait of Hormuz has been postponed. The meeting had been scheduled for Monday. Omani Foreign Minister Badr Albusaidi announced the postponement on X on Sunday, according to Reuters. The talks were expected to cover shipping routes and future management of the strategic waterway following recent consultations between Iran and Oman. #Oman Postpones Crucial Gulf-Iran Meeting On Hormuz Agreement# Iran to Announce Restricted Zone Outside Strait of Hormuz