Author: Olu Anisere

Oil Prices Up as U.S. Plans to Sanction Iran’s Crude Buyers  Oil prices edged higher on Thursday as US warnings of potential secondary sanctions on buyers of Iranian oil heightened supply concerns, while a larger-than-expected drop in US crude inventories supported a high-demand outlook. International benchmark Brent crude futures traded at $94.94 per barrel, up around 0.01% from the previous close of $94.93. US benchmark West Texas Intermediate (WTI) rose about 0.3% to $91.57 per barrel, compared with $91.29 in the previous session. Prices found support from signals that the US could impose “secondary sanctions” on countries purchasing Iranian oil.…

AI, Tech Stocks Power Wall Street to Record Highs Tech stocks are powering stock markets to fresh record highs as easing geopolitical tensions are helping “accelerate the next phase of the AI and tech-led bull market.” This is the bullish analysis from the CEO of global financial advisory giant deVere Group as Wall Street’s S&P 500 and Nasdaq both closed at new all-time highs on Monday, with the tech-heavy index extending its winning streak to 11 consecutive sessions. The move comes as expectations build around a potential de-escalation between the US and Iran, after President Trump said a deal to…

2.2m Candidates Sit for 2026 UTME Nationwide The 2026 Unified Tertiary Matriculation Examination (UTME) commenced nationwide on Thursday, with more than 2.2 million candidates expected to sit for the examination across accredited centres. The examination, organised by the Joint Admissions and Matriculation Board (JAMB), will run from April 16 to April 22 in multiple sessions scheduled daily. The Registrar of JAMB, Prof. Is-haq Oloyede, charged examination officials to demonstrate maximum commitment and professionalism, stressing that the success of the UTME largely depends on their performance and dedication to duty. Oloyede gave the charge during a virtual final briefing for technical…

The Senate, through its Committee on Public Accounts, has given the management of Nigerian National Petroleum Company Limited (NNPCL) tlil April 29 to appear before it to account for the N210 trillion flagged in audit reports from 2017 to 2023.

The naira traded stable at the Nigerian foreign exchange market (NFEM) on Wednesday, closing the session at N1343 per dollar, according to the Central Bank’s daily FX publication.

Dangote Sugar Refinery Plc has received shareholders’ approval for a N500 billion Rights Issue, thus positioning the company to strengthen its financial standing, expand its capital base, and accelerate strategic initiatives.

The International Monetary Fund (IMF) on Tuesday said rising oil prices will provide some relief to Nigeria. The IMF, however, said that the relief would not be enough to shield the country from the broader impact of a global economic shock.

The South African Rand posted fresh gains after a rebound against major currencies, including the US dollar (USD), the Euro (EUR), and the British pound (GBP). 

Stanbic IBTC Hits 52-Week High on Sharp Intraday Rally Stanbic IBTC Holdings Plc hit a 52-week high due to a sharp intraday rally on Monday, according to trading data obtained from the Nigerian Exchange (NGX) platform. The financial services company’s share price reached N147 at noon, up 6.52% from N138 per share on Friday, driven by increased investor demand. Stanbic IBTC’s share price has been relatively stable in the stock market over the last seven days, with positive fluctuations ahead of earnings season – the next major catalyst for repricing. Following positive price movements in large-cap stocks, the banking index…

The prices of crude oil surged sharply on Monday amid heightened concerns about prolonged disruptions to global oil supply following US President Donald Trump’s statements on a blockade of the Strait of Hormuz.