India, UAE Sign Defence Pacts Amid Iran War Tensions
India and the United Arab Emirates signed a series of major defence and energy pacts…
India, UAE Sign Defence Pacts Amid Iran War Tensions
India and the United Arab Emirates signed a series of major defence and energy pacts on Friday to shield their economies from the escalating US-Israeli war on Iran. Prime Minister Narendra Modi met UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi to formalise the agreements during a brief stopover. The diplomatic rush…
CBN Unveils New Forex Manual to Attract Capital
The Central Bank of Nigeria has launched a revised foreign exchange manual to boost dollar inflows and stabilise the volatile currency market. Deputy Governor Muhammad Abdullahi announced the new framework at a World Bank event in Abuja, stating that the guidelines will open all doors for foreign capital. The document updates market rules, cuts regulatory…
Nigeria Needs $100bn Yearly To Bridge $2.3tn Infrastructure Gap
Stakeholders have warned that Nigeria requires approximately $100 billion in annual investment to address its staggering $2.3 trillion infrastructure deficit. This assessment was a focal point of the 2026 Infrastructure Dialogue held in Abuja, organized by Deutsche Partners Holding (DPH). Leaders from both the public and private sectors emphasized that traditional government funding, which currently…
NBS: National Inflation Hits 15.69%
Nigeria’s brief season of cooling prices has come to an abrupt end. The headline inflation rate rose to 15.69% in April, up from 15.38% in March. Data from the National Bureau of Statistics shows that the modest economic gains recorded during the first quarter are rapidly melting away. This unexpected reversal shatters local hopes that…
De Ligt Ruled Out of World Cup After Surgery
Manchester United defender Matthijs de Ligt will miss the Netherlands’ FIFA World Cup campaign after undergoing successful back surgery to correct an injury that has kept him sidelined since November 2025. The Dutch international, who had been one of United’s standout performers at the start of the season, is not expected to return to…
Jonathan’s 2027 Eligibility Suit Hit with N1m Court Sanction
A Federal High Court sitting in Abuja has imposed a N1 million cost on a plaintiff seeking to legally bar former President Goodluck Jonathan from contesting the 2027 presidential election, after months of procedural negligence nearly derailed the case entirely. Justice Peter Lifu delivered the ruling on Friday, expressing clear frustration at the conduct…
Dangote Sues Government Over Fuel Import Licenses
Aliko Dangote has renewed his legal war against the Nigerian government over fuel imports. The billionaire’s 650,000-barrel-per-day refinery filed a fresh lawsuit at the Federal High Court in Lagos to nullify import permits granted to marketers and the state oil company. The legal challenge targets the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The regulator…
Magnitude 6.3 Earthquake Hits Northern Japan
A magnitude 6.3 earthquake struck northern Japan on Friday evening, May 15, 2026. According to the Japan Meteorological Agency (JMA), the tremor occurred at 8:22 pm (1122 GMT) in the Pacific waters off the coast of Miyagi Prefecture. Despite the significant magnitude, authorities did not issue a tsunami warning, and there were no immediate reports…
David Beckham: Britain’s First Billionaire Sportsman
David Beckham has become the first British sportsman to achieve billionaire status. The former Manchester United and England captain amassed a combined fortune of £1.185 billion with his wife, Victoria, according to the 2026 Sunday Times Rich List. This net worth propels the couple to second place on the UK’s wealthiest sports wealth ranking. They…
Food, Transport Push Nigeria’s April Inflation To 15.69%
Nigeria’s headline inflation rate edged higher in April 2026, rising to 15.69 percent from 15.38 percent recorded in March, as persistent pressure from food prices, transport fares, hospitality costs, and healthcare expenditure continued to squeeze household budgets across the country. The National Bureau of Statistics disclosed this in its Consumer Price Index report released…