Author: Ogooluwa Aremu

China Warns Against Potential U.S. Ammunition Production in Philippines China on Thursday cautioned the United States (U.S.) and its allies against introducing bloc confrontation and conflict into the Asia-Pacific, following Pentagon plans for a U.S.-led initiative. The U.S.-led initiative to establish a new ammunition production line in the Philippines. “China always believes that military and security cooperation between countries should not target any third party, harm their interests, or undermine regional peace and stability.” The Chinese Foreign Ministry spokesperson, Lin Jian, said this during a routine news briefing. Describing the Asia-Pacific as a critical driver and stabiliser of global development…

BOI’s N825m Clean Energy Financing Boosts Nigerian Industries The Bank of Industry (BOI) says small and large enterprises have benefited from a N825 million clean energy financing window. The initiative is part of a 600,000-dollar GEF-UNIDO IEE and RECP project. Of the total, 550,000 dollars were disbursed to BOI for on-lending to eligible industries. The funding supports investments in energy efficiency, cleaner production technologies, renewable energy solutions, recycling infrastructure, and resource-efficient production systems. Mrs Ifeoma Uz’Okpala, Executive Director, Risk Management and ITD, GEF-UNIDO IEE and RECP, disclosed this during the presentation of the financing results to national stakeholders and financial…

SEC, NOA Collaborate to Combat Illegal Schemes The Securities and Exchange Commission (SEC) and the National Orientation Agency (NOA) have signed a Memorandum of Understanding (MoU) to embark on massive enlightenment against Ponzi schemes. Signing the MoU in Abuja Wednesday, the Director-General of SEC, Dr Emomotimi Agama, warned that fraudulent operations are not legitimate investments. Agama, represented by the Commission’s Executive Commissioner Operations, Mr Bola Ajomale, advised the public to verify company’s registration with SEC before investment. He said the enlightenment would guarantee citizens including those at the rural areas to know where to invest and when to detect a…

2027: APC Forum Endorses Tinubu, Mutfwang for Second Term The All Progressives Congress (APC) Plateau State Forum has endorsed President Bola Tinubu and Gov. Caleb Mutfwang for second term in office, saying they deserve to be re-elected. Chairman of the forum, Hon. Yakubu Sakondong, said this at a news conference conveyed on Tuesday in Abuja to address developments within APC. He expressed the forum’s confidence in the duo’s ability and commitment to continuing doing things right in the party and in Nigeria generally. Sakondong appreciated Tinubu for his visionary leadership and unwavering commitment to strengthening APC and improving the lots…

Cardano (ADA) gained about 5% to $0.272, outperforming Bitcoin’s +2.43% gain, as Monument Bank plans to tokenise GBP250 million on Cardano.

Airtel Africa Rally Paused, Drops New Hints on Share Buyback Airtel Africa Plc’s momentum has paused following an unusual one-day rally that lifted the telecommunication company’s market value to its 52-week high. Due to thin trading activities, the telco stock had been flat at N2270 on the Nigerian Exchange until yesterday, when the company’s price surged by 10%, a rare move that boosted the local bourse’s performance. However, the telecom company’s momentum disappeared after hitting a new 12-month high of N2497 per share. Some equity analysts think Airtel Africa’s trading activities have not been impressive since its massive share buyback…

XRP Price Surges Amidst Rising Cross-Border Payments Ripple (XRP) is gaining momentum in the crypto market again as cross-border payments increased, pushing the token price to $1.44 on Wednesday. The altcoin started making an uptrend after initial selloffs. With a market cap of about $88 billion, XRP trading volume printed at $2.2 billion amid declining overall trading volume. XRP Ledger payments have recently surged, roughly doubling and pushing daily transactions into the multi-million range, even as XRP’s price response remains muted. On-chain studies show that payments now account for over half of XRPL transactions, with daily payments rising from about…

With Brent trading at $96 per barrel, oil prices declined on Wednesday, driven by easing supply concerns following US President Donald Trump’s remarks on negotiations with Iran.

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…

The Labour Party has announced the postponement of its scheduled congresses and national convention, earlier billed to commence on Thursday, March 26, 2026.