Nigeria’s fragile economy may be dealt a fresh blow if U.S. President Donald Trump follows through on his threat to impose an additional 10% tariff on countries aligned with the BRICS coalition. Trump issued the warning Sunday on his Truth Social platform, stating that “any country aligning themselves with the Anti-American policies of BRICS will…
The death toll from the devastating floods that swept through parts of Texas over the Fourth of July weekend has risen to more than 100, with authorities warning that the number could climb as rescue and recovery efforts continue under challenging conditions. Among the victims were at least 27 girls and counselors who were staying…
By Ayomide Otitoju Jaiz Bank Plc, Nigeria’s leading non-interest financial institution, has announced the appointment of Ahmed Indimi and Nike Kolawole as Non-Executive Director and Independent Non-Executive Director, respectively, as part of efforts to enhance governance and strategic leadership. In a statement issued Sunday, the bank said both appointments reflect its commitment to aligning with…
Global equities advanced on Tuesday after U.S. President Donald Trump extended the deadline for his planned “Liberation Day” tariffs by three weeks, offering a temporary reprieve for several major trading partners as negotiations continue. With the original tariff deadline just days away, Trump announced a new cutoff date of August 1, giving nations additional time…
Samsung Electronics on Tuesday projected a 56% year-on-year decline in its second-quarter operating profit, attributing the sharp drop to U.S. restrictions on the export of advanced AI chips to China. In a regulatory filing, the South Korean tech giant said it expects operating profit for the April–June period to fall to 4.6 trillion won ($3.3…
By Ayomide Otitoju TotalEnergies has announced that its Ubeta gas field project in Nigeria has entered the execution phase, with an expected production capacity of 70,000 barrels per day (bpd) of gas and condensates by 2027 — a major boost to the country’s gas development drive. In a statement released Monday, the French energy company…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd) has donated 35 hybrid Compressed Natural Gas (CNG)-powered buses to the Presidential Initiative on Compressed Natural Gas (Pi-CNG), reaffirming its commitment to Nigeria’s clean energy transition. The donation, announced on Monday during a handover ceremony at the NNPC Towers in Abuja, marks a significant…
By Ayomide Otitoju Former Labour Party presidential candidate Peter Obi has criticized President Bola Tinubu for approving the purchase of a new presidential jet while millions of Nigerians continue to lack access to essential services, including healthcare. Speaking on Sunday Politics, Obi condemned the expenditure, describing it as insensitive and a reflection of leadership disconnected…
By Ayomide Otitoju The Nigerian Senate says it has not been served the Certified True Copy (CTC) of the Federal High Court judgment ordering the reinstatement of Senator Natasha Akpoti-Uduaghan, whose six-month suspension was recently nullified by the court. Justice Binta Nyako had, on Friday, ruled that the suspension of the Kogi Central senator was…