Lagos, Nigeria — September 21, 2025 Investors in insurance stocks on the Nigerian Exchange Limited (NGX) traded 481.1 million shares worth ₦1.41 billion in 10,655 transactions last week, marking a decline from the previous week’s 523.5 million shares valued at ₦1.45 billion across 12,666 deals. The week-on-week performance reflects a 2.5% decrease in trading value,
Abuja, Nigeria | September 21, 2025 Nigeria’s upstream oil sector recorded a year-on-year output increase in August 2025, with production averaging 1.63 million barrels per day (bopd) of crude oil and condensates, according to official data. Figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that crude oil output stood at about 1.43 million
South African Muslim pilgrims preparing for the annual Hajj pilgrimage will face new procedural changes following a recent directive from the Saudi Ministry of Hajj and Umrah (MOHU). According to the new regulations, all South African nationals intending to perform the holy pilgrimage must now complete their registration exclusively through the Nusuk Hajj platform. This
Iran has firmly rejected demands from the United States and the International Atomic Energy Agency (IAEA) to halt its nuclear activities during discussions at the United Nations General Assembly (UNGA). Tehran maintains its right to pursue its nuclear program despite international pressure, citing the continued existence of unregulated Israeli nuclear weapons as a key justification
Saudi Arabia has reaffirmed its unwavering commitment to the Palestinian cause, emphasizing that it remains a top priority for the Kingdom across all international platforms. Speaking at a recent diplomatic engagement, Saudi officials reiterated that the plight of the Palestinian people and the pursuit of a just and lasting resolution to the conflict are central
Aerospace industry leader Bombardier Inc. has officially commended the Dangote Petroleum Refinery, highlighting it as a top-tier facility with state-of-the-art capabilities. The company applauded the refinery’s substantial output of jet fuel, noting that this development represents a major advancement for Nigeria’s aviation sector and holds promising implications for the broader African market.The endorsement from Bombardier,
Israel has urged the United States to exert diplomatic pressure on Egypt to halt its ongoing military expansion, which is perceived as a direct threat to Tel Aviv’s security. This call comes amid recent developments where Egypt has deployed the advanced Chinese-made HQ-9B surface-to-air missile system in the strategically sensitive Sinai Peninsula. The HQ-9B, a
ABUJA, NIGERIA September 20, 2025 — In a legislative development aimed at strengthening Nigeria’s data governance and fiscal management frameworks, federal lawmakers are making decisive moves to grant full financial autonomy to the National Bureau of Statistics (NBS), while also laying the groundwork for the establishment of a National Tax Trust Fund. The push for
ABUJA, NIGERIA September 20, 2025 — The Nigerian Civil Aviation Authority (NCAA) has officially issued a strong warning to Qatar Airways following multiple reports of passenger mistreatment and unsatisfactory service experiences involving Nigerian travellers. The regulator has made it clear that such conduct will not be tolerated and has vowed to impose strict sanctions if
LAGOS, NIGERIA September 20, 2025 — In a bold move to dominate the state’s transportation technology landscape, Lagride, the Lagos State-backed e-hailing service, has announced plans to capture 70 percent of the city’s ride-hailing market as it begins rolling out a fleet of electric vehicles (EVs) across key routes. The initiative, which aligns with Governor
