By Ayomide Otitoju The Chief Executive of Shell plc, Wael Sawan, has said the blockade of the Strait of Hormuz has triggered global energy disruptions “never seen before,” with more than 10 per cent of global oil production already removed from the market. Sawan made the remarks on Wednesday at a business summit organised by…
By Ayomide Otitoju Fidelity Bank Plc has reaffirmed its commitment to supporting the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSMEs), positioning itself as a strategic partner beyond traditional banking services. The commitment was restated by the bank’s management during a keynote address delivered by the Executive Director, South, Pamela Shodipo, at the…
FIFA President Gianni Infantino is set to face journalists on Wednesday on the eve of the World Cup, as off-field controversies continue to dominate preparations for the expanded tournament. Infantino is expected to confront questions over soaring ticket prices and immigration-related issues that have already affected participation, including cases of officials and fans being barred…
By Ayomide Otitoju The Nigerian naira traded relatively stable against the United States dollar on Wednesday, June 10, 2026, across both the official and parallel foreign exchange markets. Data from the Central Bank of Nigeria exchange rate portal showed that the official rate at the Nigerian Foreign Exchange Market (NFEM) stood at approximately ₦1,360.55 per…
By Ayomide Otitoju President Bola Ahmed Tinubu has approved the establishment of a Presidential Task Force on Ebola Virus Disease Preparedness and Emerging Public Health Threats and authorised the immediate release of ₦10 billion to strengthen Nigeria’s emergency response capacity. The development was announced on Tuesday by the President’s Special Adviser on Information and Strategy,…
By Ayomide Otitoju Shell Nigeria Gas has identified the expansion of natural gas infrastructure and stronger support for gas distribution networks as critical measures for increasing natural gas utilisation across Nigeria. The company made the submission at the 2nd Business Forum of the Association of Local Distributors of Gas held in Abuja, where industry stakeholders…
By Ayomide Otitoju Africa’s largest financial institution, Standard Bank Group, has reaffirmed its commitment to supporting the growth of Dangote Industries Limited, pledging support for the planned listing of the Dangote Petroleum Refinery and future expansion projects across Africa. The commitment was made during a strategic visit by Standard Bank Group Chief Executive, Sim Tshabalala,…
By Moyinoluwa Ojegbade A school principal reportedly being held captive alongside other teachers and pupils abducted in Oriire Local Government Area of Oyo State has appealed to the government to intensify efforts toward securing their release, dismissing claims that their captors were demanding the imposition of Sharia law. In a video message circulated online, the…
By Ayomide Otitoju Nigeria’s Minister of Power, Joseph Olasunkanmi Tegbe, has pledged to drive reforms in the electricity sector with diligence, transparency and accountability, assuring Nigerians that efforts are already yielding positive results across the industry. Speaking after his swearing-in, Tegbe expressed gratitude to President Bola Ahmed Tinubu for the confidence reposed in him and…
