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Business/News Tips: DM

05/08/2026

Trump Says U.S.-Iran Talks Make Major Progress, Hormuz Could Reopen Soon

President Donald Trump says the United States has made "very good" progress in negotiations with Iran, fueling hopes that the five-month conflict could soon move toward a diplomatic resolution.

The talks have raised expectations that the Strait of Hormuz, a key route for nearly 20% of the world's oil shipments, could reopen soon. Financial markets reacted positively, with global stocks rising and oil prices falling on hopes of reduced tensions.

04/08/2026

Police invite VDM, summon AIG Moshood Jimoh over allegations

04/08/2026

Osun poll: Stop blaming Tinubu for your troubles, APC tells Adeleke

04/08/2026

Iran Seeks Control of Strait of Hormuz Shipping in New Oman Talks

Iran is reportedly seeking greater control over inbound shipping through the Strait of Hormuz as part of ongoing negotiations with Oman to reopen one of the world's most important maritime trade routes.

According to reports, Tehran wants oversight of inbound vessels while allowing outbound traffic under a coordinated system involving Oman. The Strait of Hormuz handles nearly 20% of global oil exports, making any changes to its operation critical for international energy markets and global trade.

04/08/2026

Northern senators hail Tinubu over military pay rise

04/08/2026

President Tinubu approves salary increases for armed forces personnel

President Bola Tinubu has approved salary increases of between 30 and 80 per cent for Nigeria’s armed forces personnel.

About 250,000 personnel are to benefit from the new deal.

Under the new arrangement, which becomes effective from September 1, officers above the rank of colonel will enjoy a 30 per cent salary increase. This applies to Brigadier-Generals, Major-Generals, Lieutenant Generals and Generals.

Personnel from colonel down to warrant officer will have a 50 per cent increase, while Private to Staff Sergeant will have an 80 per cent increase.

The pay package will increase the yearly salary bill for the country's armed forces personnel from N660 billion to N924 billion.

President Tinubu has always praised the courage and sacrifices of members of the armed forces as they confront the scourge of banditry, kidnapping and terrorism in some parts of the country.

“The men and women who help to keep us safe in our homes must be supported and appreciated in the course of their duties to our nation.

“Our administration will continue to prioritise troop welfare and modernise the armed forces by providing the weapons and technological tools needed to discharge their duties.

“Our administration believes that no nation can achieve greatness without security. We therefore remain resolute in mobilising all military and law enforcement assets to eliminate security threats and protect the lives and property of all Nigerians

“ I urge our servicemen to take our gesture as a sign of our deep appreciation of the services they render to our fatherland. Together we shall prevail over the enemies intent on destroying the fabric of our nation”.

Bayo Onanuga
Special Adviser to the President
(Information and Strategy)
August 4, 2026

04/08/2026

U.S. Job Openings Fall, But Labor Market Remains Strong Despite Iran War

The U.S. labor market remains resilient even as global economic uncertainty grows due to the ongoing Iran conflict and disruptions around the Strait of Hormuz.

According to the latest U.S. Labor Department report, job openings declined slightly to 7.36 million in June from 7.54 million in May.

While hiring slowed in manufacturing and wholesale sectors, employment opportunities increased in transportation, warehousing, utilities, and government agencies.

03/08/2026

Tinubu to review state police bill September 3 — Presidency

03/08/2026

Oloolu festival : Female TikToker breaks silence, denies filming masquerade

03/08/2026

Oyedepo to govt: Preaching in bus not an issue, address insecurity

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