Oil stocks have taken a significant hit as US President Donald Trump’s new tariffs, combined with increased production from OPEC+, led to a sharp decline in global oil prices, marking some of the lowest levels in years. Analysts have also revised their oil price forecasts for 2025 downward, predicting weak demand due to the ongoing trade war and the additional supply from OPEC+. BusinessDay’s analysis reveals that the Dow Jones…

As part of new travel restrictions ahead of the 2025 Hajj pilgrimage, Saudi Arabia has slammed a temporary suspension of specific visa categories on 14 countries, including Nigeria, India, and Pakistan. Saudi authorities are reportedly suspending the issuance of Umrah ,family visits, and business visas for citizens from the listed countries beginning in April 2025. The report said the ban is expected to remain in effect through June, when the…

In the wake of President Donald Trump’s latest salvo in the ongoing U.S.-China trade war, Chinese manufacturers are scrambling to keep their heads above water. From tableware to flooring, companies across various sectors are warning investors of tumbling profits, while rapidly revising strategies and accelerating offshore expansion to survive the economic storm. Trump’s recent introduction of a staggering 34% tariff on Chinese goods—on top of earlier levies—has brought total tariffs…

The Federal Capital Territory (FCT) minister, Nyesom Wike hosted suspended Rivers House of Assembly members to a dinner in the United Kingdom on Monday. Senior special assistant on public communications and social media to the minister, Lere Olayinka, in a video shared on X, said the lawmakers, “who are in the UK for legislative capacity building” were hosted to a dinner by the minister. He said, “Wike left Nigeria on…

President Bola Tinubu has reaffirmed his administration’s commitment to reforming the Nigeria Police Force into a well-trained, tech-driven institution. He pledged enhanced welfare, modern tools, and greater support for officers and their families. Tinubu spoke through Vice President Kashim Shettima at the maiden edition of the National Police Day celebration in Abuja yesterday. He declared April 7 of every year as National Police Day to honour the sacrifices of police…

Vice President Kashim Shettima has reiterated Nigeria’s commitment to deepening its partnership with Swedish telecommunications giant, Ericsson. He pledged the swift implementation of the Memorandum of Understanding (MoU) signed between both parties in 2024. Shettima made the pledge yesterday during a courtesy visit by a high-level Ericsson delegation to the Presidential Villa, Abuja. The delegation was led by the company’s Senior Vice President and Head of Market Area for Europe,…

The All Progressives Congress (APC) governors held a closed-door meeting with former President Muhammadu Buhari at his residence in Kaduna State on Monday. The governors elected on the platform of the ruling party were led by the Governor Hope Uzodimma of Imo State, who is the Chairman of the All Progressives Governors Forum. Uzodimma, who fielded questions from journalists after the meeting, said they were in Kaduna to look after…

Pascal Dozie, a former chairman of MTN Nigeria and founder of the defunct Diamond Bank Plc, has passed away. He was aged 85 and would have turned 86 on Wednesday. The former banking legend died in the early hours of Tuesday, a statement issued by the family said. His son, Uzoma Dozie, also a banker said in a statement, “With deep sorrow, but with gratitude to God for a life…

By Hannah Furness The couple will celebrate their 20th wedding anniversary at a state banquet The King and Queen are spending their 20th wedding anniversary in Rome, posing for a photograph to mark the milestone. The new photographs of King Charles III and Queen Camilla were taken at Villa Wolkonsky, the British Ambassador’s residence. They were photographed hours after landing on Monday evening, in the Villa’s grounds, next to the…

Lagos, Monday — The Lagos State Police Command has announced the arrest of seven individuals linked to separate murder cases across the state within the past two weeks. Speaking at a press briefing at the Command Headquarters, the spokesperson, Chief Superintendent of Police Benjamin Hundeyin, disclosed a series of tragic incidents that have prompted swift law enforcement responses. Fatal Altercation in Ikotun According to CSP Hundeyin, police officers attached to…

A Channels Television (TV) reporter has accused the Rivers State Police Command of manhandling him during a protest in the state. The protest occurred on Monday in Port Harcourt, the state capital. Charles Opurum, the reporter who was allegedly brutalized, narrated his ordeal with the “overzealous” police officers during the “Take It Back” movement protest. As the protesters converged from Isaac Boro Park and arrived at the CFC flyover, the…

Men of the Lagos State Police Command on Monday intercepted protesters from getting into the Lagos State Assembly complex, where they planned to tender a letter containing their demands and requests. The Take-It-Back Movement (TIBM) and other civil society organisations led the continuing protest to draw government attention to trendy national matters such as the alleged misuse of the Cybercrime Act, and the state of emergency declaration in Rivers State.…