The US military said it disabled a Gambia-flagged cargo vessel attempting to sail to an Iranian port by launching a missile into its engine room. US Central Command (CENTCOM), which oversees forces in the Middle East region, said the strike occurred on May 29 after the M/V Lian Star failed to respond to more than...
Category: Business
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NNPC April Revenue Jumps 79% to N4.97 Trillion
The Nigerian National Petroleum Company Limited (NNPC) said its revenue rose sharply to 4.97 trillion naira ($3.1 billion) in April 2026 from 2.77 trillion naira in March, marking a 79% month-on-month increase, according to its latest operational and financial report released on Saturday. Profit after tax increased to 481 billion naira in April from 276...
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U.S., Iran Near Ceasefire, Hormuz Shipping Deal Extension
The United States and Iran reached a preliminary agreement on Thursday to extend their ceasefire and ease restrictions on shipping through the Strait of Hormuz, sources familiar with the talks told Reuters, although U.S. President Donald Trump has yet to approve the deal. Iranian state media added that negotiations were still ongoing. Four sources familiar...
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Nvidia Annouces Annual $150 Bn Investment In Taiwan
Nvidia will increase its annual investment in Taiwan to $150 billion, up from $100 billion, as the U.S. chip giant expands its role in the global artificial intelligence supply chain, Chief Executive Jensen Huang said on Wednesday. Speaking in Taipei ahead of next week’s Computex, Huang described Taiwan as the “epicentre of the AI revolution”...
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Nigeria’s Debt Profile: Ignorance in Agbada – Olabode Opeseitan
A fact grounded examination of what Nigeria owes, what it has paid, and who is profiting from the confusion. In Nigeria, the agbada, that magnificent, wide flowing gown, can signal wisdom or conceal mischief depending on the wearer. It can be the costume of authority just as it can be the costume of performance. When...
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LFTZ Customs Posts ₦253 Billion Revenue Growth Record
The Lagos Free Trade Zone (LFTZ) Command of the Nigeria Customs Service generated more than 253 billion naira in revenue between January and April 2026. This marked a 40.9% increase from the same period a year earlier, officials said. Assistant Comptroller-General of Customs Mohammed Babandede made the disclosure during an official visit to the Command,...
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Onne Customs Posts Record Revenue, Seizes Contraband Containers
The Nigeria Customs Service at the Port Harcourt II Area Command in Onne said it generated a record 77.3 billion naira in April, while intensifying anti-smuggling operations that led to seizures worth more than 2 billion naira. Customs Area Controller Aliyu Alkali revealed that the April revenue represented the highest monthly collection since the Command...
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Beckham Becomes Britain’s First Billionaire Sportsman
Former Manchester United star David Beckham has become Britain’s first billionaire sportsman, according to the 2026 Sunday Times Rich List. The wealth of Manchester United co-owner Jim Ratcliffe declined over the past year. The combined wealth of Beckham and his wife, Victoria Beckham, rose to 1.185 billion pounds ($1.6 billion), the list compilers said, placing...
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Trump Says China Committed To Buying 200 Boeing Jets
U.S. President Donald Trump said on Thursday that China had agreed to purchase 200 Boeing aircraft, describing the deal as a commitment reached during talks with Chinese President Xi Jinping. “It was sort of like a statement but I think it was a commitment,” Trump said in an interview with Fox News, according to excerpts...
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Chip Startup Cerebras Hits $80 Bn In Value In Stock Debut
Cerebras Systems shares opened at $350 on Thursday, nearly 89% above their initial public offering price, valuing the artificial intelligence chipmaker at about $100 billion in a blockbuster market debut. The company priced its IPO at $185 per share on Wednesday, selling 30 million Class A shares to raise $5.55 billion. The offering was initially...