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Tehran, June 12, 2026 – Iranian foreign ministry spokesman Esmaeil Baqaei said Tehran “had not reached a final conclusion on the agreement” to end the war and accused the U.S. of making new demands. President Trump told reporters on Thursday an agreement had been reached and a deal would be signed, likely in Europe, saying “they want it every bit as much as everybody else wants it.” Earlier on Thursday, Mr. Trump said he had called off new military strikes on Iran after saying the U.S. would launch “very hard” new strikes and …

Washington, June 12, 2026 – The International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, warned policymakers not to underestimate growing public concerns about artificial intelligence’s impact on jobs. Speaking on Bloomberg’s Leaders with Francine Lacqua podcast earlier this week, Georgieva said world leaders must pay closer attention to who benefits from AI and who does not, rather than focusing solely on productivity gains and economic growth. She compared the rapid rise of AI to globalization, which boosted overall economic output but left many communities struggling after jobs disappeared. Georgieva said policymakers should ensure the benefits …

Washington, June 12, 2026 – Oil extended declines after President Donald Trump said a peace deal with Iran could be signed as soon as the weekend following US military strikes that cast doubt over progress to end the war. Brent crude fell 2% to trade below $89 a barrel after closing at a two-month low on Thursday, while West Texas Intermediate was near $86. Trump threatened to attack Iran again and seize its oil infrastructure, before announcing strikes were off and a deal was close. Iran said no final conclusion …

…Joint taskforce visits pipeline theft site in FCT Abuja, June 12, 2026 – The Nigerian National Petroleum Company Limited (NNPC Ltd.) in collaboration with some security agencies on Tuesday conducted a joint inspection of a vandalized section of the NPSC crude oil pipeline at Pai Community in Kwali Area Council of the FCT,.Abuja. The security agencies came through the Industry Wide Security Architecture (IWSA) and Nigerian Pipelines &  Storage Company (NPSC) in collaboration with the Office of the National Security Adviser (ONSA) Special Prosecution Team (SPT), the Federal Capital Territory …

Ilorin, June 11, 2026 – Ola Olukoyede,  the Chairman of the Economic and Financial Crimes Commission (EFCC)  has alleged that some governorship aspirants spent between N20 billion and N30 billion to win in the last primary elections. He made the allegation on Wednesday while speaking at a public lecture organised by the Centre for Peace and Strategic Studies (CPSS) at the University of Ilorin, Kwara State. The theme of the lecture was “De-risking and Mobilising Critical Stakeholders for Peaceful and Credible 2027 Elections in Nigeria”. Olukayode said that huge financial …

Abuja, June 11, 2026 – The House of Representatives on Thursday passed the state police bill. The bill was passed after members adopted the report of the House committee on Constitutional Review on the bill  The bill had a smooth passage in spite of a point of order raised by Bashir Zubairu, a member from Kaduna, on the late arrival of the document from the House committee on Thursday. Zubairu had argued that the document was only made available to lawmakers late on Thursday and members had very limited time …

Lagos[MTA1] . June 11, 2026 – First City Monument Bank Limited (FCMB) has appointed Bismarck Rewane, the Chief Executive of Financial Derivatives Company Limited, as Non-Executive Director and Chairman of its Board of Directors. A statement from the bank on Thursday, said the appointment was approved by the Central Bank of Nigeria, adding that the appointment will bring one of Nigeria’s leading economists to its board. Rewane is a fellow of the Nigerian Economic Society with more than 40 years of experience spanning macroeconomic research, investment banking and strategic management. He …

Washington, June 11, 2026 – Donald Trump said “I love the inflation” after new data showed that inflation jumped to an annual rate of 4.2% in May, the third consecutive monthly increase since the start of the Iran war and a three-year high. Speaking from the White House on Wednesday, the US president said that he was not concerned about inflation because of recent developments in the conflict. “No, I love it. The numbers were great,” he said, before adding that the US has been taking out “millions of barrels of …

Lagos, June 11, 2026 Fidelity Bank Plc, a leading financial institution, has reaffirmed its commitment to advancing the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSMEs), positioning itself as a trusted partner beyond traditional banking and financing. This commitment was reiterated by the bank’s management in a keynote address delivered by the Executive Director (South), Mrs. Pamela Shodipo, at the recently held SME Quarterly Business Forum in Port Harcourt, Rivers State. The Forum, themed “Scaling Trade and Distribution of Businesses for Sustainable Growth,” brought together entrepreneurs, business owners, …

Abuja, June 11, 2026 -The Senate has ordered the arrest of Mele Kyari, the immediate past Chief Executive of the Nigerian National Petroleum Company Limited (NNPC), over his failure to appear before its committee to explain N210 trillion unaccounted funds in the company between 2017 and 2023. Its Committee on Public Accounts gave the order on Wednesday following repeated failures of Kyari to appear before it. The arrest warrant was issued after lawmakers ruled against further delay in the investigation. The committee had turned down the pleas by some members …