USMAN EMERGES LABOUR PARTY NATIONAL CHAIRMAN, MAKES HISTORY AS FIRST WOMAN TO LEAD PARTY. (PHOTO).

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 Usman Emerges Labour Party National Chairman, Makes History as First Woman to Lead Party The Labour Party on Tuesday elected Nenadi Usman as its National Chairman at the party’s national convention held in Umuahia, Abia State. With her emergence, Usman becomes the first woman to be elected National Chairman of a political party in Nigeria. Usman had previously been appointed to head the party’s National Caretaker Committee on September 4, 2024, during a National Executive Committee meeting in Umuahia, following a leadership vacuum created by the expiration of the tenure of the former National Working Committee. She led the party through a period of internal disputes, with her leadership later affirmed by both the Federal High Court and the Court of Appeal in rulings delivered in January and April 2026 respectively. Prior to the convention, the Independent National Electoral Commission had recognised her as Chairman of the party’s caretaker committee in line with the court judgemen...
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IRAN TO CHARGE $1 PER BARREL IN CRYPTOCURRENCY FOR SHIPS PASSING THROUGH STRAIT OF HORMUZ DURING U.S CEASEFIRE. (PHOTO).

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 Iran to charge $1 per barrel in cryptocurrency for ships passing through Strait of Hormuz during U.S ceasefire

Iran plans to charge ships $1 per barrel in cryptocurrency to transit the Strait of Hormuz during the U.S. ceasefire, officials say.

Iranian authorities announced that vessels passing through the key oil shipping lane will need to email details of their cargo and pay the equivalent of $1 per barrel in bitcoin. The system is designed to prevent weapons from being transported while allowing commercial traffic to resume under controlled conditions. Officials said the payment window is brief, ensuring the cryptocurrency cannot be traced or seized due to sanctions.

The Strait of Hormuz, a critical chokepoint for global oil shipments, has been largely closed since the conflict began, sending oil prices higher and disrupting markets worldwide. President Trump announced a suspension of U.S. attacks on Iran, prompting a drop in oil prices.

Iran indicated the strait could reopen in a limited, controlled manner later this week ahead of a meeting with U.S. officials. Trump said he is considering creating a “joint venture” with Iran to manage tolls in the waterway, calling it a way to secure passage and prevent interference from other parties.

Previously, Iran allowed only a handful of ships to transit under a tollbooth system, which was insufficient to alleviate supply and price pressures. Earlier in the week, Trump suggested the U.S. might implement its own toll system for vessels passing through the strait.


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