The United States has spent an estimated $25 billion on its military campaign in Iran, a senior Pentagon official disclosed on Wednesday, providing the first official cost assessment of the conflict.According to Reuters, Jules Hurst, who is performing the duties of comptroller, told the House Armed Services Committee that the bulk of the expenditure was…
By Ayomide Otitoju Seplat Energy PLC has reported a profit after tax of $37.9 million for the first quarter of 2026, up from $23.3 million recorded in the same period of 2025, as the company sustained revenue growth and strong cash generation.In its unaudited results for the period ended March 31, 2026, Seplat posted gross…
By Ayomide Otitoju Former Lagos State Governor Akinwunmi Ambode has endorsed Deputy Governor Obafemi Hamzat as the All Progressives Congress (APC) consensus governorship candidate ahead of the 2027 elections. In a statement on Thursday, Ambode congratulated Hamzat on his emergence, describing him as a loyal party man whose consultations reflected commitment to the ideals of…
By Ayomide Otitoju Gunmen who attacked a Christ Apostolic Church parish in Ekiti State have demanded a ransom of ₦1 billion for the release of worshippers abducted during the incident. The attack occurred in Eda Oniyo, Ilejemeje Local Government Area, where armed men reportedly stormed a revival programme at about 7:15 p.m., firing for over…
By Ayomide Otitoju The Federal Government has declared Friday, May 1, 2026, as a public holiday to mark this year’s International Workers’ Day. The announcement was made on Thursday by the Minister of Interior, Olubunmi Tunji-Ojo, on behalf of the Federal Government. In a statement signed by the Permanent Secretary, Magdalene Ajani, the minister congratulated…
By Ayomide Otitoju Dangote Petroleum Refinery has increased the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (diesel) following a sharp surge in global crude oil prices. Brent crude rose from $105 per barrel on Monday to $118 on Wednesday and further climbed to about $125 per barrel at the time of…
By Ayomide Otitoju Dangote Cement Plc has reported a profit before tax of ₦421.1 billion for the first quarter of 2026, representing a 35 per cent increase from ₦311.9 billion recorded in the corresponding period of 2025. According to its unaudited financial statements filed on the Nigerian Exchange, revenue rose to ₦1.19 trillion from ₦994.6…
By Ayomide Otitoju MTN Nigeria reported a profit after tax of ₦355.5 billion in the first quarter of 2026, representing a 165.9 per cent year-on-year increase, driven by strong revenue growth and foreign exchange gains.In its unaudited financial results released on Wednesday, the telecom operator said it expects a potential 1.8 to 2.0 percentage point…
Brussels on Wednesday announced a temporary relaxation of state aid rules, allowing European Union member states to channel public funds into sectors severely affected by rising energy costs.The European Commission said the move will enable governments to support hard-hit industries such as agriculture, fisheries, and transport as energy and input costs continue to rise.EU Competition…
