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Gold consolidates after record rally, focus on U.S.-China talks
Washington, Oct. 2025 – Gold prices inched higher on Monday after a record rally, as expectations of more U.S. rate cuts and safe-haven demand from the ongoing government shutdown supported sentiment, while investors awaited cues from upcoming U.S.-China trade talks. Spot gold was up 0.1% at $4,254.59 per ounce, as of 0801 GMT. U.S. gold futures for December delivery climbed 1.3% to $4,268.40 per ounce. Spot silver rose 0.2% to $51.97, recovering slightly after falling 4.4% on Friday after hitting a record high of $54.47 earlier that day. “We’re …
Oil prices slip on concerns over US-China trade tensions
Tokyo/Beijing, Oct. 20, 2025 – Oil prices dipped on Monday, pressured by worries over a global glut as U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand. Brent crude futures were down 53 cents, or 0.86%, at $60.76 a barrel as of 0610 GMT, while U.S. West Texas Intermediate futures fell 55 cents, or 0.96%, to $56.99, erasing gains from Friday. Both benchmarks declined more than 2% last week, marking their third consecutive weekly decline, partly due to the International Energy Agency’s outlook for …
Trump vows to keep ‘massive’ tariffs on India until Russian oil imports cease
Washington, Oct. 20, 2025 – U.S. President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying “massive” tariffs if it did not do so. “I spoke with Prime Minister Modi of India, and he said he’s not going to be doing the Russian oil thing,” Trump told reporters aboard Air Force One. Asked about India’s assertion that it was not aware od any conversation between Modi and Trump, Trump replied: “But if …
SERAP urges National Assembly to explain allegedly missing N18.6bn
Abuja, Oct. 19, 2025 – The Socio-Economic Rights and Accountability Project (SERAP) has called on the leadership of the National Assembly to account for the ₦18.6 billion allegedly missing from its Commission Office Complex project. It urged Godswill Akpabio, the Senate President and Tajudeen Abbas, the Speaker of the House of Representatives, to explain how the money allegedly paid for the construction of the Assembly’s Service Commission office complex, was spent. SERAP also urged the two to disclose the name of the construction company that reportedly received the funds and …
NDLEA intercepts illicit drugs concealed in frozen snails, electrical bulbs, female clothes at Lagos airport
Abuja, Oct. 19, 2025- The National Drug Law Enforcement Agency (NDLEA) has intercepted consignments of illicit drugs hidden in frozen snails, electrical bulbs and female clothes while being transported to the United States, United Kingdom, and Democratic Republic of Congo at the Lagos airport. The consignments were being transported by a courier company in Lagos. Femi Babafemi, the NDLEA Spokesman, disclosed this in a statement on Sunday. The statement said at least two suspects were arrested in connection with the consignments. It said Boladale Riliwan, a cargo agent, was …
Home based basketball players cry out over decaying local league
Lagos, Oct. 19, 2025 – Some homebased Nigerian professional basketball players have cried out against the decaying administration of the game in the country which has almost rendered the local league comatose. They expressed their views in a statement made available to our correspondent in Lagos on Sunday. They claimed that the incumbent leadership of the Nigerian Basketball Board Federation has spent seven years with a non-progressive local league. “Since these people came, we’ve not even had a quarter of what we used to have. “One fact, which is a …
Polaris Bank reinforces commitment to exceptional customer experience at Global Trade Forum in Ibadan
Lagos, Oct. 18, 2025 – Polaris Bank has reaffirmed its commitment to delivering exceptional customer experience through deeper engagement and partnership with its clients. This was demonstrated last Thursday when the Bank hosted a successful Global Trade Forum in Ibadan, which brought together key stakeholders in the South West region and valued customers to explore growth opportunities and strengthen collaborations. The hugely attended trade forum was graced by the bank’s Executive Director, Retail and Commercial Bank, Chris Ofikulu, who expressed heartfelt appreciation to attendees for their participation and continued …
Standing with the Bello family, justice must never be cheapened
Abuja, Oct. 18, 2025 – The decision to grant Maryam Sanda a Presidential pardon is indeed heartbreaking and deeply troubling. It sends a dangerous message – that justice in Nigeria can be overturned by sympathy or influence, rather than truth and accountability. These are the assertions of Abu Hanan Assalafy, a youth, human rights advocate and Convener, Justice for All Network, a Non- Governmental Organisation. He said that the family of the late Bilyaminu Bello has every right to feel betrayed. He said: “After years of court proceedings – from the …
FAAC shares N2trn among Federal, states, LGs
Abuja, Oct. 18, 2025 – The Federation Account Allocation Committee (FAAC) has shared N2.103 trillion out of the federal revenue in September among the three tiers of government. The amount represents a 16 per cent increase over the N1.813 trillion revenue shared in August. The committee disclosed this in a communiqué issued at the end of its monthly meeting in October. It said the total gross revenue of N3.054 trillion was available in the month, from which the total deduction for cost of collection was N116.149 billion, while total transfers, …
Boeing can hike 737 MAX production to 42 planes per month, FAA says
Washington, Oct. 18, 2025 – Boeing can hike 737 MAX production to 42 planes per month after the Federal Aviation Administration lifted a 38-plane-per-month cap that had been in place since January 2024, the agency and planemaker said on Friday. The FAA imposed the unprecedented production cap shortly after a 2024 mid-air emergency involving a new Alaska Airlines 737 MAX 9 that was missing four key bolts. The announcement is a significant milestone for the U.S. planemaker, which was plunged into a safety crisis following the mid-air incident. The FAA …