Nigerian fuel marketers are increasingly importing refined petroleum products originating from the Dangote Petroleum Refinery through the offshore ship-to-ship trading hub in Lome, Togo, according to an S&P Global Energy official, Matthew Tracey-Cook. Tracey-Cook said the circular trade pattern persists even as the refinery boosts local production and supply, highlighting a possible disparity between local […]

The Directorate of State of the Indigenous People of Biafra (IPOB) has announced the indefinite suspension of the Office of the Leader of IPOB and the position of Director of Radio Biafra, both of which were previously occupied by Nnamdi Kanu. The decision, according to the group, will remain in effect pending further notice. In […]

About N500bn was deducted from the Federation Account Allocation Committee revenue for May 2026 to fund a national security emergency intervention, multiple sources familiar with the development told The PUNCH. The deduction was made before the monthly revenue sharing exercise among the Federal Government, states and local government councils, according to senior officials privy to […]

The United States has released the official text of a 14-point Memorandum of Understanding reached with Iran, outlining a framework for ending hostilities and paving the way for a broader peace agreement. The document, titled the “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran,” was made public […]

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