Crude oil prices climbed sharply on Thursday, reaching nearly $84 per barrel—the highest level this year. This figure surpasses Nigeria’s 2026 budget benchmark of $64.85 per barrel. According to Bloomberg, Brent crude, the global oil benchmark, rose by 12% in the first three days of the week. Meanwhile, West Texas Intermediate (WTI) hovered near $78…
The Central Bank of Nigeria (CBN) has announced that its gold reserves have grown to $3.5 billion. This increase follows the acquisition of newly refined gold that meets the London Bullion Market Association (LBMA) Good Delivery standards. However, In a statement on Wednesday, March 4. The CBN revealed that the gold was sourced locally through…
Popular Nigerian singer Asake, whose real name Ahmed Ololade. Has melted hearts online by surprising his mother with a brand-new Mercedes-Benz G-Wagon to celebrate the Ramadan season. In a video making rounds on social media, the “Lonely At The Top” hitmaker. Seen gifting the white luxury car to his mother in what seemed like an…
Seplat Energy Plc has successfully restored 49 previously idle wells acquired from ExxonMobil to active production. As part of an aggressive turnaround strategy following its landmark $1.28 billion acquisition of the company’s onshore and shallow-water assets. The Lagos- and London-listed energy producer disclosed that the idle well restoration programme became a major growth driver for…
Popular Nigerian content creator Carter Efe has publicly apologized to music superstar Wizkid and his loyal fanbase, known as Wizkid FC. The apology follows a series of online controversies caused by comments Carter Efe made about the singer, which led to backlash from fans. In a viral video, Carter is seen kneeling and sincerely asking…
The Federal Airports Authority of Nigeria (FAAN) has distributed over 70,000 Go Cashless cards. To ease traffic congestion and restore smooth operations at airports. The update was provided by Henry Agbebire, Director of Public Affairs and Consumer Protection at FAAN. During an interview on ARISE News on Tuesday. He acknowledged that the transition created inconvenience…
Annabel Schofield, a celebrated supermodel of the 1980s who later became a TV star, has died at the age of 62 following a cancer diagnosis. Schofield rose to fame as the face of major beauty brands like Yves Saint Laurent, Rimmel, and Revlon. Her career skyrocketed internationally after her iconic campaign with Bugle Boy Jeans….
Mrs. Jumoke Ajayi has appointed Chief Executive Officer of the West African Exploration. And Production Company (WAEP), marking a significant moment in Nigeria’s petroleum industry. Ajayi, who also serves as President of the National Association of Petroleum Explorationists (NAPEN). Has long regarded as a respected leader and trailblazer in the energy sector. Her elevation to…
President Bola Ahmed Tinubu has directed the immediate release of approved funds for the maintenance of Nigeria’s space assets. Signaling renewed commitment to advancing the country’s long-term space ambitions. The directive issued during the first meeting of the National Space Council at the Presidential Villa in Abuja. Where the President was represented by Vice President…
The Federal Government has introduced new Presumptive Tax Rules aimed at simplifying tax compliance. f or micro, small, and medium enterprises (MSMEs) across Nigeria. The announcement made by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. As part of ongoing fiscal reforms designed to strengthen revenue generation without placing additional burden…
