By Ayomide Otitoju The British Deputy High Commissioner to Nigeria, Jonny Baxter, recently visited the head office of Fidelity Bank Plc in Lagos as part of efforts to strengthen economic and trade relations between the United Kingdom and Nigeria. The visit formed part of a broader four-day trip to Nigeria by the UK Trade Envoy,…
By Ayomide Otitoju Four Nigerian business leaders — Aliko Dangote, Mike Adenuga, Femi Otedola, and Abdulsamad Rabiu — have been listed among Africa’s wealthiest individuals in the 2026 Africa Billionaires ranking released by Forbes. Dangote retained his position as Africa’s richest man, with an estimated net worth of $28.5 billion. According to the ranking, the…
By Ayomide Otitoju Dangote Petroleum Refinery has increased its ex-depot prices for refined petroleum products, raising the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,175 per litre, while Automotive Gas Oil (AGO), or diesel, has climbed to ₦1,620 per litre. The latest adjustment marks the fourth price revision in less…
The United States and Israel carried out overnight airstrikes on five oil facilities in and around Tehran, killing four people, Iranian officials reported Sunday. Keramat Veyskarami, CEO of the National Iranian Oil Products Distribution Company, told state television that “four oil depots and a petroleum products transport centre in Tehran and the Alborz were attacked…
Iran moved to name a successor to its slain supreme leader on Sunday, as the US-backed Israeli strikes that killed Ayatollah Ali Khamenei nine days ago continued to devastate Tehran and spread across the Middle East. Fuel depots in Tehran were hit in overnight airstrikes, igniting fires that blanketed the city in thick smoke. Officials…
US President Donald Trump on Saturday attended the return of the first six American soldiers killed during the escalating conflict with Iran. The remains were received at Dover Air Force Base the United States and Israel launched a broad military campaign against Iran. Meanwhile, tensions in the region intensified. Iran’s military on Saturday called on…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has described the resolution of the long-standing dispute over Oil Prospecting Licence (OPL) 245 as a “major milestone” that will unlock the development of the Zabazaba–Etan deepwater project. In a statement on Saturday, Group Chief Executive Officer Bayo Ojulari said advancing the project could increase…
By Ayomide Otitoju Pope Leo XIV on Sunday appealed for an end to the “roar of bombs” in the Middle East, as the conflict sparked by US-Israeli air strikes on Iran entered its ninth day. Speaking at the conclusion of the Angelus prayer, the US-born pontiff expressed deep concern over the escalating violence. “Added to…
Israeli Prime Minister Benjamin Netanyahu pledged Saturday to continue military operations against Iran, declaring that Israel has a “systematic plan to eradicate the Iranian regime.” His comments came as Tehran insisted it would not surrender, even amid mounting attacks across the region. In a televised address, Netanyahu said Israel would pursue the conflict “with all…
