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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…
Nigerian telecommunications companies have committed 2.5 trillion naira to infrastructure upgrades to fix a worsening service crisis. This massive capital injection follows years of consumer complaints about dropped calls and vanishing data. The Nigerian Communications Commission (NCC) is driving this push to modernise a network that feels increasingly brittle under rising demand. Most of this…
The Kremlin has restated its price for ending the war in Ukraine. Vladimir Putin insists that Kyiv must cede four of its eastern regions and drop its bid to join NATO before any ceasefire can begin. These demands effectively ask Ukraine to accept defeat before negotiations even start. It is a bold stance from a…
Nigeria’s state governments have abruptly tightened their purse strings. Capital expenditure across 26 states fell by 58% in the first quarter of 2026, dropping to N1.59tn from N3.79tn in the previous quarter. This N2.2tn contraction signals a sharp pivot away from infrastructure as the 2027 general elections approach. While roads and hospitals wait, political alignments…
Donald Trump has dismissed Iran’s latest peace proposal as “totally unacceptable,” pushing the Middle East back toward open warfare. Writing on his Truth Social platform, the US president gave no specifics about the counteroffer but made his disdain clear. This rejection follows weeks of Pakistani-mediated talks aimed at ending the war that began on 28…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued new petrol import licences to six firms, authorising the importation of 720,000 metric tonnes. This move, confirmed on May 6, 2026, signals a pivot in the federal government’s downstream strategy, which had recently prioritised domestic refining. The licensed companies Matrix, AA Rano, AYM Shafa,…
The Nigeria Customs Service has launched disciplinary action against an officer caught on film demanding a N200,000 bribe. A motorist used AI-Meta glasses to secretly record the encounter on the Lagos-Benin Expressway. This high-tech sting has forced the hand of a service often accused of systemic graft. The footage shows the officer haggling over vehicle…
Cristiano Ronaldo scored his 100th Saudi Pro League goal on Thursday to put Al Nassr within touching distance of the championship. The 41-year-old converted a Sadio Mané cross to help secure a 4-2 victory over Al Shabab. This win moves his side five points clear of their rivals, Al Hilal, at the top of the…
Nigeria is talking and browsing more than ever despite the country’s bruising economic headwinds. Active voice subscriptions reached 179.6 million in the final quarter of 2025, an 8.9% jump from the previous year. Internet users followed a similar path, climbing to 148.2 million as digital life became a necessity rather than a choice. These figures…
A tiny club of 25 companies now controls nearly the entire Nigerian stock market. These blue-chip giants account for 89.96% of the N155.99 trillion total market value on the Nigerian Exchange. Data from the first four months of 2026 shows a market that is top-heavy and increasingly concentrated. Investors are piling into a few liquid…
