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Yemisi Lanre-Idowu

Business

Oil Prices Falls By 4% As Iran Targets U.S. Bases

Oil prices dropped sharply by over $3 on Monday, falling nearly 4%, after Iran launched missile strikes on a U.S. military base in Qatar...

Yemisi Lanre-Idowu -

Business

Rand Weakens As Oil Prices Rise And U.S–Iran Tensions Escalate

The South African rand weakened in early trade on Monday, dragged down by a spike in global oil prices and increased geopolitical tension following...

Yemisi Lanre-Idowu -

Business

NNPCL Increased Petrol Prices In Abuja And Lagos

Retail stations operated by the Nigerian National Petroleum Company Limited have implemented a price hike for Premium Motor Spirit, commonly referred to as petrol,...

Yemisi Lanre-Idowu -

Business

Federal Government to Revoke Inactive Oil Licences Under New ‘Drill or Drop’ Policy

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced its readiness to enforce the ‘drill or drop’ policy targeting dormant oil licences. Gbenga Komolafe, Chief...

Yemisi Lanre-Idowu -

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Sokoto Boat Accident: 46 Dead, 15 Rescued As Search Continues For 16 Missing Passengers

At least 46 people have reportedly died in a boat accident in Gorau community, Goronyo Local Government Area of Sokoto State. The boat, which was carrying 77 passengers, including farmers, women and children, reportedly capsized shortly after leaving the community on Thursday morning. The Sokoto State Police Command confirmed...

Tinubu Defends Fuel Subsidy Removal, Says Calls For Reversal Show ‘Serious Ignorance’ Of Economy

President Bola Tinubu has again defended his administration’s decision to remove the petrol subsidy, dismissing calls for the policy to be reversed as a “demonstration of serious ignorance on governance and the economy”. Tinubu made the remarks on Thursday while receiving Osun State Governor, Ademola Adeleke, at the...

Kwara Senator Saliu Mustapha Resigns From APC, Cites Leadership Concerns

Senator Saliu Mustapha, who represents Kwara Central in the National Assembly, has resigned from the All Progressives Congress (APC), citing concerns over the direction of the party’s leadership in Kwara State. Mustapha announced his decision in a resignation letter dated August 14, 2026, addressed to the APC Ward...