Author: Olu Anisere

Crude oil prices fell in the global commodity market on Tuesday as investors awaited fresh indirect talks between the US and Iran, with expectations of diplomatic progress easing concerns about potential supply disruptions in the Middle East.

UK to Issue Electronic Visas for Nigerians from Feb 25 UK Visas & Immigration has announced that all new United Kingdom visit visas issued to Nigerians will become fully digital from 25 February 2026. In a statement released in Abuja on Monday, the agency said Nigerian nationals applying for a UK visit visa will no longer receive the traditional vignette sticker placed inside their passports. Instead, successful applicants will obtain an electronic visa accessible through an online immigration account. The development forms part of the UK Government’s transition to a fully digital border management system, allowing travellers to hold and…

British Pound Halts Swings Ahead of UK Data British Pound or Sterling stabilizes at $1.36 on Monday ahead of key UK economic data, holding below its late-January peak of $1.387. In subdued foreign exchange turnover, the dollar enjoys a firmer bias against most G10 currencies amid a broadly consolidative tone, amidst lingering US policy uncertainties. Sterling recovered from a four-day low early Friday of approximately $1.3590 and reached almost $1.3660 in North American turnover. GBP could not get much above there today, but has not spent much time below $1.3635. Last week’s high was a little below $1.3715, but it…

Nigeria’s Eurobond Yield Dips to 7% as African Issuers Rally Nigeria’s Eurobond yield declined to 7% due to bargain hunting experienced in the African Eurobonds market. Interest in some African issuers, especially oil producing nation, amidst fluctuating oil prices. The market price-in mixed macroeconomic data across the African region, with a growing number of successful economic reforms in key regions, oil price volatility, and potential U.S. attacks on Iran. Nigeria, Angola, Egypt, and Ghana ranked among the top investment destinations amidst sharp Treasury yield fluctuation in the U.S debt capital market. The market kick-starts the week on a positive note…

TCN Restores Shiroro–Mando Transmission Line 1 The Transmission Company of Nigeria (TCN) says it has successfully restored the 330 Kilo Volt (KV) Shiroro–Mando Transmission Line 1, saying it is currently operational. This is contained in a statement on Monday in Abuja by Mrs Ndidi Mbah, TCN’S General Manager, Public Affairs. Mbah said that the line was restored following the completion of repair works undertaken by company’s engineers. She also said that with the restoration of Line 1, bulk power supply to the Kaduna Electricity Distribution Company had significantly improved, and power supply constraints previously experienced in the state alleviated. ”Meanwhile,…

Nigerian Breweries (NB) Plc’s net profit strengthened in 2025 after the company raised capital from its existing shareholders to reduce its foreign currency liabilities.

The United Bank for Africa (UBA) Plc gained more than 9% in the Nigerian stock market as investors stepped up bargain hunting ahead of earnings releases.

Election Spending to Shape Nigeria’s Inflation Rate in 2026 Nigeria’s election spending is projected to shift Nigeria’s annual inflation gear, with investment banking firm Cowry Asset Limited projecting the headline rate to trend between 17.8% and 18.7% range in 2026. The inflation rate projection is anchored on election-related spending pressures and diminishing base effects, even as structural reforms continue to shape the medium disinflation path. Nigeria is one year away from the presidential election, according to the Independent National Electoral Commission calendar. The penultimate year often witnesses a significant flow of money from the political class, which is expected to…

Manchester City Thrashed Leicester 6-0 Manchester City moved closer to securing the Barclays Women’s Super League title by defeating Leicester City 6-0, increasing their lead to 11 points. Khadija Shaw and Yui Hasegawa scored either side of Vivianne Miedema’s brace in the first half before Kerolin and Aoba Fujino wrapped up the victory at Joie Stadium to see City move 11 points clear at the WSL summit. Kerolin made it five soon after the restart from range before substitute Aoba Fujino got in on the act after the hour mark. It was a performance of attacking superlatives from the WSL…

The naira declined against the US dollar as significant demand for foreign payments slowed the local currency momentum at the Nigerian foreign exchange market (NFEM).