Oil Prices Plunge, Stocks Rally After Iran Signals Strait of Hormuz Reopening
Global oil prices fell sharply Friday and U.S. stock markets surged to record highs after Iran signaled that the Strait of Hormuz would be reopened to commercial shipping. U.S. crude dropped 11.4% to $83.85 per barrel, its lowest level since March 10, while Brent crude declined 9% to $90.38. The declines marked one of the […]
Trump Administration Extends Waiver on Russian Oil Amid Energy Pressures
The administration of U.S. President Donald Trump on Friday reversed an earlier position and extended a sanctions waiver allowing continued purchases of Russian oil and petroleum products. The U.S. Treasury Department issued a new license permitting such transactions through May 16, replacing a previous 30-day waiver that had expired. The move is seen as part […]
Israel Seeks Clarification After Trump Says Strikes in Lebanon ‘Prohibited’
Israel has requested clarification from the White House after U.S. President Donald Trump said the country was “prohibited” from carrying out airstrikes in Lebanon—remarks that appeared to contradict the terms of a recently announced ceasefire. According to sources familiar with the matter, Prime Minister Benjamin Netanyahu and his advisers were taken aback by Trump’s statement, […]
Tinubu Signs ₦68.32tn 2026 Budget, Extends 2025 Spending Timeline
President Bola Ahmed Tinubu has signed the 2026 Appropriation Bill into law, authorising a total federal expenditure of ₦68.32 trillion for the fiscal year. The President also assented to an amendment extending the implementation period of the 2025 budget from March 31 to June 30, 2026, to allow the completion of ongoing capital projects. This […]
2027: ADC Warns Tinubu Faces “Millions of Angry Nigerians”
The African Democratic Congress (ADC) has warned that President Bola Ahmed Tinubu risks a major defeat in the 2027 general elections, saying he will be contesting against “millions of Nigerians” facing severe hardship under his administration. In a statement issued by its National Publicity Secretary, Bolaji Abdullahi, the party was reacting to comments by the […]
FCCPC Denies Ban on Airtime Borrowing, Data Advance Services
The Federal Competition and Consumer Protection Commission (FCCPC) has clarified that it has not banned or shut down airtime borrowing or data advance services in Nigeria. In a statement signed by its Director of Corporate Affairs, Ondaje Ijagwu, the Commission described reports suggesting a suspension of such services as false and misleading. It explained that […]
Amaechi Declares 2027 Bid, Demands Fair ADC Primary
Former Minister of Transportation, Rotimi Amaechi, has declared his intention to contest the 2027 presidential election, stating that his experience in governance and infrastructure development equips him to address Nigeria’s pressing challenges. Speaking on Channels Television, Amaechi said his decision to run is driven by a deep understanding of the country’s problems and confidence in […]
2027 Build-Up: Uzodimma Names RHA Directorate Heads
Governor of Imo State and Director-General/National Coordinator of the Renewed Hope Ambassadors (RHA), Hope Uzodimma, on Friday announced the appointment of directors to oversee the organisation’s key directorates. The RHA was designated in November 2025 by President Bola Ahmed Tinubu as a platform to promote and disseminate the achievements of the Renewed Hope Agenda nationwide, […]
Israel-Lebanon Ceasefire Takes Hold Amid Ongoing Tensions and Diplomatic Push
A 10-day ceasefire between Israel and Lebanon took effect at 5 p.m. Thursday, offering a temporary pause in hostilities after weeks of fighting between Israeli forces and the Iran-backed Hezbollah militant group threatened to derail broader efforts to end the regional conflict. An Israeli official said the country would limit its actions to responding only […]
House Passes Short-Term FISA Extension Amid GOP Divisions
In a late-night session, the House approved a short-term extension of a key surveillance authority, voting by unanimous consent at 2:09 a.m. to extend Section 702 of the Foreign Intelligence Surveillance Act through April 30. The temporary measure follows the collapse of earlier procedural votes, as internal Republican disagreements stalled efforts to advance a longer-term […]
