Author: Ogochukwu Ndubuisi

Egypt Raises Fuel Prices Amid Global Energy Market Pressures Egypt has increased domestic fuel prices by between 14 per cent and 17 per cent, citing exceptional pressures in global energy markets, the country’s Ministry of Petroleum and Mineral Resources has said. According to the ministry, the price of 95-octane gasoline rose from 21 Egyptian pounds to 24 pounds (about $0.45) per litre. Prices for 92-octane gasoline increased from 19.25 pounds to 22.25 pounds, while 80-octane gasoline climbed from 17.75 pounds to 20.75 pounds. Diesel prices also rose from 17.5 pounds to 20.5 pounds per litre. The government also raised the…

Turkey Says Iran Denies Rockets That Entered Turkish Airspace Iranian President Masoud Pezeshkian has denied that two rockets fired towards Turkey originated from Iran, according to the Turkish government. During a phone call with Turkish President Recep Tayyip Erdoğan, Pezeshkian “stated that the missiles that entered the Turkish airspace were not of Iranian origin, and that the issue will be thoroughly investigated,” the Turkish presidency said in a statement early on Tuesday. NATO member Turkey said on Monday that a ballistic missile launched from neighbouring Iran was neutralised by the alliance’s defence systems while entering Turkish airspace. Some debris fell…

Iran’s IRGC Says “ It will Determine The End of The War” Islamic Revolutionary Guard Corps (IRGC) said early on Tuesday that it would “determine the end of the war,” rejecting remarks by U.S. President Donald Trump suggesting the conflict with Iran may soon end. “We are the ones who will determine the end of the war,” the IRGC said in a statement carried by Iranian news agency Tasnim. “The conditions on the battlefield and the end of the war are in the hands of the Islamic Republic,” the statement added. Earlier, Trump told U.S. broadcaster CBS News that he…

Zedvance Disburses N96bn to Businesses, Targets N250bn Zedvance Finance Ltd. has disbursed more than N96 billion to support commercial businesses across Nigeria as it expands beyond retail lending. The company, in a statement on Monday, said the lending came through its Commercial Solutions business, launched in 2025, which has driven rapid credit expansion within a year. It said the financing supported enterprises in sectors including oil and gas, automotive, logistics, renewable energy, fintech, e-commerce, trade distribution and agribusiness. Zedvance Finance, a subsidiary of Zedcrest Group, was established in 2014 to provide business and retail financing solutions to individuals and enterprises…

The Federal Government (FG) says it is working to strike a balance between ensuring adequate rice availability in the market while protecting local producers and processors to sustain Nigeria’s growing rice value chain.

Conoil, Aradel, Oando Drive NGX Rally, Investors Gain N147bn Shares of oil companies, including Conoil, Aradel Holdings and Oando Plc, drove momentum in the Nigerian stock market, with investors posting a gain of about N147 billion. The Nigerian Exchange (NGX) opened the week on a positive note, with key market performance indicators up 0.12%. The local bourse performance was driven by bargain hunting in mid-cap and blue-chip stocks, such as ARADEL, CONOIL, STANBIC, and others. Equity investors continue to bid for stocks with strong fundamentals ahead of the release of their audited earnings to the investing public. The Nigerian Exchange…

Bittensor (TAO) gained 9.51% over the past 24 hours, trading around $196.14 on Monday, significantly outperforming a mostly flat broader market as AI agents ventured into cryptocurrency.

Fuel Price Changes Driven by Market Forces – NMDPRA The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says fluctuations in fuel pump prices are a direct result of market dynamics under Nigeria’s deregulated downstream petroleum sector. The authority’s spokesperson, George Ene-Ita, said this in an interview with the News men in Abuja while reacting to the recent increase in fuel pump prices linked to the ongoing Middle East crisis. Many motorists in Abuja have expressed concern and dissatisfaction over the recent hike in prices of Premium Motor Spirit (PMS) called fuel, which were previously sold between N875 and N880…

Abia State Turnaround: How Alex Otti Is Changing the Narrative For many years, Abia State was often mentioned in conversations about untapped potential. Rich in entrepreneurial energy and known as the home of Aba’s famous commercial hub, the state had long been seen as a place capable of much more than it delivered. Today, however, a new narrative is emerging, driven by bold governance, infrastructure renewal, and a renewed sense of possibility under Governor Alex Otti. Since assuming office in 2023, Otti has positioned his administration around a clear message: restoring confidence in governance and rebuilding the foundations of economic…

Moniepoint Powers Small Businesses, Transforming Nigeria’s Financial Landscape In markets across Nigeria, from the busy streets of Lagos to small trading clusters in rural towns, millions of everyday transactions now pass through a small but powerful device: the Point-of-Sale terminal. Behind many of those payments is Moniepoint Inc., a company that has grown rapidly to become a central force in Nigeria’s digital finance revolution. Founded in 2015 by Nigerian entrepreneurs Tosin Eniolorunda and Felix Ike, Moniepoint began as a modest financial technology startup. Today it stands as one of Africa’s most influential fintech companies, providing payment services, banking infrastructure, and…