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Russia has vowed to sustain its energy support for Cuba following the arrival of 730,000 barrels of crude in Matanzas. Foreign Ministry spokeswoman Maria Zakharova described the island as Russia’s “closest friend” in the Caribbean, insisting that Moscow has no right to abandon its ally. The shipment, delivered by the tanker Anatoly Kolodkin, ends a…
Global mobile money transactions hit a historic $2tn in 2025, doubling in value in just four years. According to the State of the Industry Report on Mobile Money 2026 by the GSMA, the sector has transitioned from a niche tool for the unbanked into a mainstream financial ecosystem. While it took two decades to reach…
The United Kingdom has committed to a side-by-side partnership with Nigeria to dismantle bureaucratic bottlenecks and stabilise the country’s business environment. Alice Clarke, Head of Macroeconomic Stability at the British High Commission, announced the move during a diplomatic roundtable in Abuja. She noted that businesses do not experience reform in theory but through the speed…
China has cemented its status as the world’s automotive factory, producing a record 34.5 million vehicles in 2025. This marks the 17th consecutive year the country has led global production, with sales following closely at 34.4 million units. Data from the China Association of Automobile Manufacturers (CAAM) shows a 10.4% jump in production and a…
The Central Bank of Nigeria (CBN) has ordered that all international money transfers be paid out exclusively in Naira starting May 1, 2026. In a directive issued on Wednesday, the apex bank stripped beneficiaries of the option to receive foreign currency directly from International Money Transfer Operators (IMTOs). Instead, all incoming funds must be converted…
The Ghanaian government has secured the return of 44 citizens rescued from a sophisticated human trafficking syndicate operating in Nigeria. In a coordinated operation involving Nigeria’s State Security Service (SSS) and Ghanaian intelligence, the victims were extracted from exploitative conditions and flown back to Accra on Friday. This intervention marks a significant success in cross-border…
The Minister of State for Defence, Bello Matawalle, has called for national unity and increased security consciousness as Nigerian Muslims celebrate the completion of the Ramadan fast. In a statement released on Friday, 20 March 2026, the Minister congratulated the Muslim Ummah for their spiritual discipline during the holy month. He framed the religious milestone…
Manchester United tightened their grip on a Champions League spot with a 3-1 victory over top-four rivals Aston Villa at Old Trafford on Sunday. Michael Carrick’s interim side broke a lethargic first-half deadlock through Casemiro, before late strikes from Matheus Cunha and Benjamin Sesko secured the points. United now sit third in the Premier League,…
The Nigerian Export Promotion Council (NEPC) has revealed that non-oil goods account for only 10 per cent of Nigeria’s total exports to the European Union. Despite a substantial total trade volume of $21.87 billion in 2024, the export basket remains heavily dominated by crude oil. Mrs. Nonye Ayeni, the NEPC Executive Director, urged domestic agro-exporters…
The Nigerian Meteorological Agency (NiMET) has disclosed a total lack of federal budgetary support, revealing that its statutory operations are funded entirely through Internally Generated Revenue (IGR). Despite this fiscal drought, the agency reaffirmed its commitment on Wednesday to building a climate-resilient health system. Speaking at the “Wiser-Health” workshop in Lagos, Director of Research and…
