MTN Nigeria has temporarily halted its popular airtime and data borrowing service, Xtratime, following new regulatory requirements introduced by the Federal Competition and Consumer Protection Commission (FCCPC). The decision marks a significant shift in how telecom-based credit services will operate in Nigeria’s fast-growing digital economy. In a formal disclosure to the Nigerian Exchange Limited, the…
Fresh developments in the Middle East have raised cautious optimism in global markets after Iran confirmed the reopening of the Strait of Hormuz, one of the world’s most critical energy corridors. Iran’s Foreign Minister, Abbas Araghchi, announced that the strategic waterway is now fully accessible to commercial vessels. The move is seen as a significant…
The United States has extended its sanctions waiver on Russian oil exports for an additional 30 days, a move aimed at stabilizing global energy markets as tensions around the Strait of Hormuz continue to impact supply. The decision, announced by the administration of Donald Trump, allows countries to continue purchasing Russian oil and petroleum products…
Global oil markets experienced a sharp decline after Iran announced it would fully reopen the Strait of Hormuz to commercial shipping for the remainder of the ongoing ceasefire. The announcement triggered an immediate reaction in the energy market, with Brent crude prices falling to $88 per barrel after earlier trading above $98. The Strait of…
Russia has signaled its readiness to supply India with as much oil and liquefied petroleum gas (LPG) as it needs, reinforcing a strategic energy partnership that continues to grow despite mounting global pressures. Speaking on the evolving relationship, Russian Ambassador to India, Denis Alipov, expressed confidence in the strength and continuity of ties between both…
Syria has announced that it has regained full control of all military installations previously occupied by United States forces, marking a significant shift in the country’s security and political landscape. The development follows the departure of the final U.S. convoy from a base in northeastern Syria, bringing an end to a military presence that began…
In a powerful show of compassion and solidarity, Joshua Selman, founder of Eternity Network International, widely known as Koinonia Global, has donated over N200 million in cash and relief materials to victims of the recent attacks in Plateau State. The donation was announced during a courtesy visit to the Government House in Jos, where the…
Japanese oil refiners are increasingly sourcing crude from Nigeria as supply disruptions linked to the ongoing Iran war continue to reshape global energy flows. The shift highlights both Nigeria’s growing relevance in the international oil market and the immediate challenges countries like Japan face in reducing dependence on Middle Eastern crude. According to data from…
Tensions between the White House and the U.S. central bank have escalated, as Donald Trump signaled he could move to remove Jerome Powell if the current Federal Reserve chair does not step aside following the appointment of a successor. Speaking on Wednesday, Trump stated that Powell would have to be dismissed if he remains in…
The United States is reportedly preparing to send thousands of additional troops to the Middle East in the coming days, according to a report by The Washington Post. While the exact number of personnel remains unclear, the move signals a potential escalation in Washington’s strategy toward Iran, even as Donald Trump maintains that the conflict…
