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   by Samson Akintunde As tensions escalate between the United States and Iran, disruptions in the Strait of Hormuz are sending shockwaves through global oil markets, putting Nigeria’s oil-dependent economy under increasing pressure.   The Strait of Hormuz, a narrow but vital shipping corridor, handles a significant share of the world’s oil supply. Any disruption to this route: whether through military tension, blockade, or heightened insecurity, immediately drives up global oil prices and unsettles energy markets. For Nigeria, whose economy relies heavily on crude oil exports for revenue and foreign exchange, such volatility presents a paradox: while higher prices may boost earnings, they also fuel domestic inflation, increase the cost of imported refined fuel, and deepen economic uncertainty.   Globally, the Strait of Hormuz serves as a critical chokepoint for oil transportation, with millions of barrels passing through it daily. When tensions rise in the r...

The Fusengbuwa Ruling House in Ijebu-Ode has called on the Ogun State Govern or, Prince Dapo Abiodun  to lift the suspension on the selection   of the 60th Awujale, urging a swift conclusion of the process. Photo from left: Deputy Chairman Fusengbuwa Ruling House (FRH), Otunba Dokun Ajidagba; Olori-ebi FRH, Otunba Lateef Owoyemi and Vice Chairman FRH, Prof. Fassy Yusuf, during a News Conference on the selection of the 60th Awujale at Ijebu Ode. The appeal was made on Sunday during a news briefing addressed by the Head of the family, Chief Abdul-Lateef Owoyemi, alongside other principal members of the ruling house. Chief Owoyemi said the prolonged halt in the selection process since January 2026 has generated anxiety among indigenes, noting that the delay followed directives by the state government over allegations of bribery and inducement. He explained that the ruling house had fulfilled its traditional responsibility by submitting a list of nominees to the designated kingmak...

… NLC, TUC appeals for review of the minimum wage from ₦85,000 to ₦250,000 Lagos State Governor, Mr. Babajide Sanwo-Olu, has approved an additional ₦50,000 to State workers’ salaries for the month of May as part of efforts to cushion the prevailing economic hardship, particularly the impact of rising fuel prices.   L-R: Chairman, Nigeria Labour Congress (NLC) Lagos State chapter, Comrade (Mrs) Funmi Sessi; Lagos State Deputy Governor, Dr. Obafemi Hamzat; Head of Service, Mr. Olabode Agoro and Chairman, Trade Union Congress Of Nigeria, Lagos State chapter, Comrade Aladetan Abiodun at the Workers Day Celebration, held at the Mobolaji Johnson Arena, Onikan, Lagos, on Friday. Governor Sanwo-Olu made the announcement at the 2026 Workers Day celebration themed “Insecurity, Poverty: Bane of Decent Work", held on Friday at the Mobolaji Johnson Arena, Onikan, Lagos.  He reiterated that the intervention, which will be reviewed, underscores his administration’s resolve to ensu...