Latest Articles
U.S revokes Wole Soynka’s visa to the country
Lagos, Oct 28, 2025 – The United States has banned Prof Wole Soyinka from entering the country as his visa has been revoked. The Nobel laureate announced the development at a media conference in Lagos on Tuesday. He said he had no idea of what could have prompted the U.S. decision, stressing that he had never had any bad records to have warranted it. Soyinka said the US Consulate just informed him of the revocation through a letter dated October. 23, 2025.
Gold slips below $4,000 per ounce as US-China trade progress cools safe-haven demand
Washington, Oct. 28, 2025 – Gold prices fell below $4,000 per ounce on Monday as signs of a thaw in U.S.-China trade tensions reduced some of the bullion’s safe-haven appeal, while market participants awaited the U.S. Federal Reserve’s interest rate decision this week. Spot gold was down 2.7% at $4,002.29 per ounce at 1:45 p.m. ET (1745 GMT). Prices fell to $3,970.81 per ounce earlier in the session, their lowest since October 10. U.S. gold futures for December delivery fell 2.9% to settle at $4,019.70. “A potential U.S.-China trade …
Oil edges down as OPEC output plans offset US-China trade optimism
Bengaluru, Oct 28, 2025 – Oil prices edged lower Tuesday as OPEC’s plan to raise output offset optimism about a potential U.S.–China trade deal, while investors also weighed how effective sanctions on Russia would be. Brent crude futures fell 3 cents to $65.59 a barrel at 0359 GMT. U.S. West Texas Intermediate crude futures were down 5 cents at $61.26. “Traders weighed up progress in U.S.-China trade talks and the broader outlook for supply,” ANZ said in a morning note. Acting as a headwind for prices, OPEC+, which groups …
OTL: NNPC Ltd recommits to robust downstream infrastructural development
Abuja, Oct. 28, 2025 – The NNPC Ltd has reiterated its commitment to the development and revamping of downstream across the country to enhance collaboration and drive efficiency in the sector. Bayo Ojulari, its Group Chief Executive, made the promise at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos on Monday. Speaking on the conference’s theme “Energy Sustainability: Beyond Boundaries & Competition”, Ojulari said competition alone was no longer enough to drive efficiency, adding that operators must embrace collaboration, sustainability, and resilience as the …
Naira appreciates further at official market Monday, closing N1, 452 to dollar
Lagos, Oct. 28, 2025 – The Nigerian currency, the Naira, appreciated further at the official foreign exchange market on Monday, closing at N1,452.5 to the dollar. The currency had closed at N1,455.5 to the dollar at the market on Friday and appreciated slightly on Monday by N3.00. Bids rates quoted by dealers at the market on Monday ranged from N 1,450.0000 to N1,457.0000 to the dollar. The steady appreciation of the naira at the segment has been attributed to the stable macroeconomic environment in the country, monetary policies of …
NGX Group fuels women’s investment drive, engages 9,000 at FinTribe Finance Fair 2025
Lagos, Oct. 27, 2025 – Nigerian Exchange Group (NGX Group), through its regulatory subsidiary, Nigerian Exchange Regulation Limited (NGX RegCo), has reaffirmed its commitment to expanding financial inclusion and deepening retail investor participation following the successful FinTribe Finance Fair 2025. The fair convened over 9,000 women focused on wealth creation and capital market opportunities. The event, organized by FinTribe, one of Nigeria’s fastest-growing women’s finance communities, has become a leading platform for promoting financial literacy and building investment confidence among women. NGX RegCo’s participation, through its flagship EquipHER initiative, featured …
Fed poised to cut rates this week, with more easing likely on tap
Washington, Oct. 27, 2025 – Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the second time this year as they look to prevent further slowing in the labor market. Odds are it won’t be the last of the series. Climbing unemployment insurance claims suggest that labor market demand continues to cool, even as the government shutdown delays publication of most official economic statistics, including the unemployment rate, last estimated at 4.3% in August. Milder-than-expected inflation …
Trump gets royal welcome in Japan, China trade truce hopes rise
Tokyo, Oct 27, 2025 – U.S. President Donald Trump received a royal welcome on Monday in Japan, the latest leg of a five-day Asia trip which he hopes to cap with an agreement on a trade war truce with Chinese President Xi Jinping. Trump, making his longest journey abroad since taking office in January, announced a flurry of deals on trade and critical minerals with four Southeast Asian nations during the first stop in Malaysia and is set to meet Xi in South Korea on Thursday. Negotiators from the world’s top two economies …
CIG Group, owners of GAC Motors, join forces to bring Afrobeats home with The Five Alive City Tour
Lagos, Oct. 27, 2025 – Davido, one of Africa’s biggest Afrobeats artists, is bringing the sound home with the Five Alive Tour, a groundbreaking nationwide campaign across Akwa Ibom, Adamawa, Enugu, Ibadan and Lagos. The show marks one of the first times that a member of Afrobeats’ “Big Three” is touring Nigeria at full scale, not as a stop between international shows, but as a deliberate celebration of local fans, cities and culture. Partnering with GAC Motor Nigeria, powered by CIG Motors Co. Ltd, Davido’s journey fuses rhythm and …
Polaris Bank restates support for SMEs growth in Nigeria with launch of ‘EveryDay Supermarket’ in Yenagoa
Yenagoa, Oct. 27, 2026 – Polaris Bank has reaffirmed its commitment to supporting small and medium-scale enterprises (SMEs) and driving economic growth in Nigeria’s South-South region with the inauguration of the new ‘Everyday Supermarket’ Yenagoa Store. The grand opening, which took place at Bay Bridge Junction on the Kpansia-Epie Expressway, Bayelsa State, marks the retail chain’s entry into the Bayelsa market and a significant milestone in the region’s business expansion efforts. Speaking at the event, Raphael Abaziem, the Directorate Head, Polaris Bank, South-South, described the launch as a testament …