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Lagos, June 25, 2026 – The federal government is committed to decentralising renewable energy solutions to improve livelihoods, create jobs, and support economic development. Joseph Tegbe, the Minister of Power, made the commitment on Wednesday, while unveiling ua 505-kilowatt interconnected solar mini-grid in Epe, Lagos State. He also flagged off the development of an additional five-megawatt mini-grid project as part of efforts to expand electricity access and stimulate economic activities in the area. The projects are located within Majoda communities in Eredo, Epe Local Government Area of Lagos State. The …

Lagos, June 25, 2026 – A United States District Court has sentenced Franklin Ikechukwu Nwadialo, a 42-year-old Nigerian, to five years in prison over a multi-million-dollar online fraud. Nwadialo, who was elected the Chairman of the Ogbaru Local Government Area of Anambra State in September 2024, was arrested by the Federal Bureau of Investigation (FBI) in Texas airport on his arrival in the United States. He was sentenced following a December 2023 indictment charging him with 14 counts of wire fraud related to an online romance scam that defrauded eight …

Washington, June 25, 2026 – Elon Musk was no longer a trillionaire by the time markets closed on Wednesday. Plunging shares in Tesla and SpaceX dragged the tech magnate down to billionaire status. As of 4pm ET, Forbes listed Musk’s net worth as $970.2bn. Musk reached trillionaire status on 12 June after SpaceX’s historic initial public offering. The rocket, satellite and AI company’s debut on the stock market made Musk the first person with a net worth of more than $1tn. His fortune continued to hover around that gigantic figure …

Lagos, June 25, 2026 – The Nigerian currency, Naira, depreciated further to N1,380.0775 to the dollar at the official foreign exchange market on Wednesday. The naira exchange rate was N1,370.6373 to the dollar at the market on Tuesday. The currency has been depreciating steadily in the market in the last five trading days in spite of the stance of the International Monetary Fund (IMF) that the naira is undervalued. Bid rates quoted by dealers in the market ranged from N1,368 to N1,392 to the dollar. Meanwhile, the naira is being …

Beijing/Singapore, June 25, 2026 – Oil ​prices extended their decline on Thursday to near levels last seen before the start of the ‌Iran war, as rising supply expectations from the Middle East outweighed demand concerns. Prompt-month Brent crude futures for August delivery fell $1.22, or 1.65%, to $72.52 a barrel as of 0337 GMT, while U.S. West Texas Intermediate lost $1.02, or 1.45%, to $69.32 a barrel. Both contracts hit their lowest since ​February 27. August Brent was trading lower than September, which was priced at $73.59, signalling ample short-term supply.  …

Houston, June 25, 2026 – Prices of Brent crude oil for second-month delivery traded higher on Wednesday than prices for prompt delivery ​for the first time since the Iran war started in ‌late February, signaling increased near-term supply. Brent, the global benchmark, traded 12 cents higher for contracts delivering in September versus those with August delivery, implying the market is ​pricing in ample prompt supply but fewer barrels in ​the coming months. “We have the prospect of a big rush ⁠in physical supply out of the Arab Gulf. So, we ​are …

Lagos, June 24, 2026 – Airline operators in the country are seeking an audience with President Bola Tinubu over the current charges and taxes in the aviation industry. Allen Onyema, the Chief Executive of Air Peace, who disclosed this while speaking on Arise Television, said there was the need for the president to understand the challenges threatening the survival of airlines in the country. “The time has come and I believe this government will listen, we are seeking an appointment with the president and we think the president should see …

Tehran, June 24, 2025 – Iran called the deal it struck to end the Middle East war “a declaration of America’s defeat” on Wednesday, as the top US diplomat kicked off a tour of Gulf countries hit hardest by Tehran. The war that began with a massive US-Israeli campaign of strikes against Iran on February 28 ended with the Islamic republic striking an agreement its leaders have sought to portray as a victory. The conflict sowed chaos in the region, with Tehran retaliating against its foes by blockading a key …

New York, June 24,2026 – SpaceX’s stock extended its wild ride on Tuesday, briefly falling below its first-day opening price ​before rebounding on an otherwise weak day for the tech sector – sharpening Wall Street’s focus on the shifting balance between buyers and sellers of the volatile ‌shares. Shares of Elon Musk’s rockets-and-AI firm have surged as much as 67% since they started trading on June 12 and fallen 35% from there. But those swings don’t represent a fundamental shift in investors’ views on SpaceX’s prospects and valuation, analysts said, given …

Lagos, June 24, 2026 – The United States has sanctioned a Nigerian and three Bureau de Change companies based in Nigeria for allegedly financing the Islamic State West Africa Province (ISWAP). With the sanctions, all property and interests belonging to the designated persons and entities under U.S. jurisdiction have been blocked, while American citizens and companies are prohibited from conducting transactions with them. Tommy Pigot, the Spokesman for the US State Department, announced this in a statement. The statement said the Nigeria-based individual was among three individuals and six entities …