Author: Ogooluwa Aremu

Ogooluwa Aremu is a business journalist at MarketForces Africa covering Nigeria's energy sector, macroeconomic policy, African continental affairs, cryptocurrency markets, and foreign exchange developments.His reporting spans Nigeria's oil and gas regulatory landscape, including coverage of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria International Energy Summit, and the downstream deregulation reforms reshaping Nigeria's petroleum sector. He also reports general market, Nigeria's fiscal reforms, World Bank and IMF engagements with Nigeria, and President Tinubu's economic policy initiatives.Ogooluwa covers Africa-wide developments through MarketForces Africa's Inside Africa desk, reporting on the African Union summits, continental economic policy, and cross-border developments affecting investment and trade across Sub-Saharan Africa.His cryptocurrency and forex market coverage tracks major digital assets, including Bitcoin, Ethereum, and Ripple, alongside. Nigeria's interbank FX market movements. He has covered major stories, including the African Union's 39th Ordinary Session in Addis Ababa, Nigeria's N6 trillion fuel import savings from deregulation, and the World Bank's assessment of Nigeria's economic reform programme. Ogooluwa Aremu is based in Lagos, Nigeria.

U.S. Proposes 15-Point Plan to End Iran War – Reports

Foreign

U.S. Proposes 15-Point Plan to End Iran War – Reports The United States has presented a 15-point plan to end the war with Iran, media reports said on Tuesday, with Pakistan acting as an intermediary to deliver the proposal to Tehran. According to Israeli broadcaster N12, the draft includes commitments from Iran not to pursue nuclear weapons and to hand over its stockpile of enriched uranium to the International Atomic Energy Agency (IAEA). U.S. news outlet Axios, citing a source with knowledge of the matter, reported that U.S. special envoy Steve Witkoff told President Donald Trump that Iran had agreed…

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FG, Fidelity Bank Promote Fair Practices to Boost State Economies

Economy

FG, Fidelity Bank Promote Fair Practices to Boost State Economies The Federal Government on Tuesday reiterated its commitment to strengthening international collaboration, improving investment facilitation and promoting governance transparency to enhance Nigeria’s global standing. The Minister of State for Foreign Affairs, Mrs Bianca Udumegwu-Ojukwu, disclosed this in a goodwill message at a webinar hosted by Fidelity Bank Plc. The theme of the webinar is “Digital Fiscal Transparency: Unlocking Sub-national Opportunities for International Partners”. Udumegwu-Ojukwu, represented by Mr Abdulqadir Olanrewaju, Department of Economic, Trade and Investment of the ministry, said the initiatives align with President Bola Tinubu’s Renewed Hope Agenda, aimed…

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2027: INEC Unveils Draft Guidelines for Political Parties

Politics

2027: INEC Unveils Draft Guidelines for Political Parties Independent National Electoral Commission (INEC) on Tuesday unveiled the draft 2026 Regulations and Guidelines for Political Parties, ahead of the 2027 general elections. The INEC Chairman, Prof. Joash Amupitan, did the unveiling at the consultative meeting with leaders of political parties on the review of INEC Regulations and Guidelines for Political Parties in Abuja. Amupitan said that the review became necessary following the enactment of the Electoral Act 2026. According to him, Nigeria cannot navigate a 2027 horizon using a 2022 map. Amupitan called on political parties to take special note of…

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Iran Reserves “Inalienable, Natural” Right to Defend Territory – President

News

Iran Reserves “Inalienable, Natural” Right to Defend Territory – President Iranian President Masoud Pezeshkian said on Monday that Iran reserves the “inalienable and natural” right to defend its territory. Pezeshkian made the remarks when exchanging views with Pakistani Prime Minister Shehbaz Sharif on the consequences of the “illegal” U.S.-Israeli war against Iran in a phone conversation. According to a statement published on the Iranian president’s office website, the two sides also discussed bilateral ties and the latest regional developments. Pezeshkian said Iran did not start the war, noting the U.S. and Israel launched military aggression against Iran in the middle…

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Sri Lanka Issues Fuel, Energy Conservation Guidelines Amid Mideast Tensions

Uncategorized

Sri Lanka Issues Fuel, Energy Conservation Guidelines Amid Mideast Tensions Sri Lanka has issued guidelines to government institutions on the prudent use of fuel and energy amid possible disruptions to fuel imports caused by escalating tensions in the Middle East. The Office of the Commissioner General of Essential Services issued the guidelines to ministry secretaries, provincial and district secretaries, and heads of government and statutory institutions and called for measures to reduce fuel and electricity consumption across the public sector. Officials have been advised to avoid using individual vehicles to commute to work and instead use public transport or group…

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AXA Mansard Targets N3.617bn Profit in Six Months

Analysis

AXA Mansard Targets N3.617bn Profit in Six Months AXA Mansard Plc has revealed that it is targeting N3.617 billion in profit after tax for the first half of the 2026 financial year, according to a regulatory filing submitted to the Nigerian Exchange. The insurance company’s share price was flat at N15.2 when the earnings forecast was published last week. Market value of Axa Mansard Plc.’s 9 billion outstanding shares closed trading session last week at N136.80 billion, according to data obtained from the Nigerian Exchange. In its earnings forecast for the first half of the year, AXA Mansard Plc estimated…

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