Business

Andy Burnham has been spotted departing Manchester as he makes his way back to Westminster to officially assume his role as a Member of Parliament (MP). The prominent politician, who has been serving as Mayor of Greater Manchester, was seen leaving the city amid growing attention surrounding his return to national politics. His journey marks the next step in the transition from his regional leadership position to his renewed responsibilities in Parliament. Burnham's return to Westminster follows his successful election to the House of Commons, where he is expected to represent his constituents and contribute to national policy discussions. Supporters have welcomed his comeback, citing his extensive experience in both local and national government. Political observers say Burnham's...

Global crude oil prices declined on Monday, June 22, following encouraging developments in negotiations between the United States and Iran, which eased concerns over potential disruptions to energy supplies in the Middle East. The decline came after mediators revealed that both countries had agreed on a roadmap aimed at reaching a comprehensive agreement, calming fears over instability around the Strait of Hormuz—a vital shipping route that handles roughly 20 percent of the world's oil and gas trade. During afternoon trading in Asia, benchmark oil contracts moved lower. Brent crude dropped by more than one percent to $79.19 per barrel, while West Texas Intermediate (WTI) crude slipped 0.6 percent to $75.37 per barrel. The talks, originally scheduled for Friday, were delayed due to...

The Nigerian naira traded within a relatively stable range against the United States dollar on Tuesday, June 2, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as traders continued to monitor forex liquidity and demand conditions.  According to data from the Central Bank of Nigeria (CBN), the latest official NFEM exchange rate stood at ₦1,373.25 per dollar, based on the most recent trading figures. The official market has remained relatively stable in recent sessions, supported by sustained foreign exchange inflows and regulatory interventions aimed at improving liquidity.  Market trackers also showed the naira trading within the ₦1,370 to ₦1,372 range against the dollar in official market transactions on June 2. In the parallel ma...

AA Nigerian woman named Vivian Oluchi Ozor has sparked intense online discussion after sharing a video claiming she saw Jesus standing inside her bedroom.  She reported waking up at exactly 1:35 a.m. to a gentle tap, where she saw an apparition delivering a divine message of reassurance. ‘’I saw him. I saw him. I am so afraid! I saw him!!!'' she said Her video has ignited a range of reactions on social media.  Watch the video below https://www.instagram.com/reel/DZ22OiQoY0K/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA== For eye witness news report, Contact us SNOW TV NEWS via snowmediatv@gmail.com or WhatsApp on +2348143077239 FOR MORE INFO, TRENDING AND BREAKING NEWS UPDATE, FOLLOW OUR SOCIAL MEDIA CHANNEL @OFFICIALSNOWTV ...

Africa's richest man, Aliko Dangote, has opened up about the largest amount of money he has made within a single year. Speaking in an interview with James Dumoulin of The School of Hard Knocks, Dangote revealed that he made an astonishing $10 billion in just the first quarter of a year. \ When asked about the most money he had ever made in a single year, the Nigerian billionaire businessman responded: “First quarter, we did about $10 billion.” During the interview, Dangote was also asked about his wealth and whether he is worth the $38 billion estimated by Forbes. The business mogul appeared to downplay the figure, suggesting that his actual wealth could be significantly higher because some of his businesses are not publicly listed. Asked how he would like to be ...

Nigerian banks and their customers lost a combined N134.48 billion to fraud between 2020 and 2025, according to data contained in the Central Bank of Nigeria’s (CBN) Nigeria Payments System Vision 2028 report. The report revealed that fraudsters attempted to steal a total of N187.79 billion during the six-year period, with N134.48 billion successfully lost across the country’s banking and payment ecosystem. The losses occurred across multiple transaction channels, including over-the-counter banking services, Automated Teller Machines (ATMs), cheques, e-commerce platforms, internet banking, mobile banking applications, Point of Sale (POS) terminals and other electronic payment systems. The figures highlight the growing security challenges facing Nigeria’s expanding digital payments se...

Dangote Refinery backed MRS filling station has reduced the pump price of its premium motor spirit, PMS . A market survey by DAILY POST on Friday showed that the petrol retail outlet has adjusted its pump price to N1,241 down from N1,317 per litre – in Abuja and its environs. This means that the filling station cut its petrol price by N76 per litre, or 5.77 per cent. The development comes three days after Dangote Refinery reduced its petrol gantry price by N75 per litre after crude oil prices fell to below $80 per barrel. Meanwhile, Nigerian National Petroleum Company Limited, Ranoil, AA Rano, Empire Energy and other filling stations in the nation’s capital have failed to cut their petrol pump prices despite the drop in crude oil prices and Dangote Refinery’s gantry f...

Growing tensions sparked by anti-immigrant protests in South Africa have renewed calls for stronger economic integration across Africa, with MTN Group Chief Executive Officer Ralph Mupita urging governments and citizens to embrace unity rather than division. Speaking in an interview with Bloomberg, Mupita addressed concerns surrounding the backlash against South African businesses operating in other African countries amid rising public anger over migration-related issues. He emphasized that many large African corporations have evolved beyond their countries of origin and now operate as truly pan-African enterprises. According to Mupita, MTN derives less than 20 percent of its earnings from South Africa, while more than 80 percent comes from operations in...

The Federal Government has released guidelines to steer Nigeria’s transition to a new tax regime. The guidelines, released on Thursday by the Ministry of Finance, are expected to guide taxpayers, revenue agencies, tax consultants and other stakeholders through the transition period. The government said the framework addresses key issues surrounding the implementation of the new tax laws, particularly on matters involving existing tax obligations, ongoing audits, pending disputes, tax incentives and transactions that may overlap between both regimes. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, while speaking on the development, said the guidelines were designed to ensure a smooth transition without creating uncertainty for taxpayers or...

Oil prices fell further below $80 per barrel on Thursday, June 18, after the United States and Iran signed a peace agreement aimed at ending the conflict between the two countries and reopening the strategically important Strait of Hormuz. Benchmark Brent crude dropped by 2% to $77.90 per barrel, after briefly falling to $77.10 during trading. The decline followed confirmation from Pakistan’s Prime Minister, Shehbaz Sharif, who said leaders of both countries had signed the agreement, paving the way for the immediate reopening of the Strait of Hormuz and the lifting of the US naval blockade. According to Sharif, “Iran will instantly reopen the Strait of Hormuz and the United States of America will immediately lift the naval blockade.” Although a formal signing ceremony is scheduled to...