Oil Price Rises 5% to $95 as Collapse of US-Iran Ceasefire Deal Looms Uncertainty over resumption of talks, Iran sends mixed signals Trump: ceasefire expires Wednesday, extension unlikely UAE discusses with U.S. for possible financial lifeline America seizes Iranian ship trying to pass naval blockade
Emmanuel Addeh in Abuja
Oil prices jumped more than 5 per cent yesterday on fears that a
fragile ceasefire between the United States and Iran could break down after the U.S. seized an Iranian cargo ship and traffic through
the Strait of Hormuz remained largely halted. Brent crude futures, Nigeria's oil benchmark, advanced $4.61, or
over 5.1 per cent, to $95.1 a barrel while U.S. West Texas Intermediate (WTI) was up $4.33, or 5.16 per cent at $88.1 per barrel.
Both prices tumbled by over 9 per cent on Friday for their largest daily declines since April 18 after Iran said that passage for
all commercial vessels through the Strait of Hormuz was open Continued on page 8
Tuesday 21 April, 2026 Vol 31. No 11335. Price: N400
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Boko Haram Faction Threatens to Kill 416 Captives in 72 hours, Demands N5bn Ransom... Page 27
2027: APC Fixes Presidential Primary for May 15, 16, Governorship May 25 Pegs forms at N100m, N50m, respectively
Adedayo Akinwale in Abuja
All Progressives Congress (APC)
has released the official dates for its presidential primary, outlining the full schedule for May 15 and
16, while slating its governor-ship primaries for May 25, ahead of the 2027 general election.
The ruling party also announced that the sale of forms for elective offices would commence
on April 25, with presidential nomination forms pegged at N100 mil-lion and N50 million fixed
for the governorship forms. Continued on page 8
President Tinubu Disconnected from Nigerians’ Hardship, Says Baba-Ahmed Chuks Okocha in Abuja National Chairman of Peoples Redemption Party (PRP), Hakeem Baba-Ahmed, has expressed worry over what he called a widening gap between leadership actions under President Bola Tinubu and citizens’ realities. Speaking on Arise TV’s “The Morning Show”, Baba-Ahmed, a former Special Adviser on Political Matters to Vice President Kashim Shettima, said many politicians were now showing interest in joining PRP ahead of future elections. He condemned remarks by the president suggesting that Nigerians who did not see progress under his administration were either biased or unable to recognise development. Tinubu had, last week, dismissed critics of his administration, saying those who fail to see the “hope” in his policies may need prescription glasses. “If they don’t want to see Continued on page 8
MOU SIGNING...
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso (R), and the Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, after signing a Memorandum of Understanding (MOU) on Data Sharing and Information Management between the CBN and NCC at the CBN Head Office in Abuja … yesterday