Daniel Otera

IMF: Africa’s Domestic Debt Rise Carries New Risks

  African governments are increasingly turning to domestic borrowing to finance public spending as access to international capital markets remains constrained, a shift that offers protection from foreign exchange shocks but introduces fresh financial risks that threaten banking stability and economic growth across the region. The International Monetary Fund disclosed in its latest analysis titled…

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Trump Warns NATO Over Hormuz Crisis

  United States President Donald Trump has issued a stark warning that the North Atlantic Treaty Organization faces a “very bad” future if European allies refuse to contribute military resources toward reopening the Strait of Hormuz, the strategic waterway effectively closed by Iran during the escalating Mideast conflict. Speaking to The Financial Times in a…

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Momodu: Atiku-Obi Ticket Ends Tinubu in 2027

  African Democratic Congress chieftain and former presidential candidate Dele Momodu has predicted that President Bola Tinubu will lose the 2027 general election if former Vice President Atiku Abubakar forms a joint ticket with a prominent southern politician such as Peter Obi or former Rivers State Governor Rotimi Amaechi. Momodu made the declaration on Sunday…

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Japan Begins Release of Strategic Oil Reserves 

  Japan has commenced the release of its strategic petroleum reserves in response to a coordinated global effort by International Energy Agency member states to stabilize oil markets following price surges triggered by escalating conflict in the Middle East. The Japanese government confirmed the drawdown on Monday through an official notice published in the government…

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Inter Title March Stalled

  Inter Milan’s commanding march toward a second consecutive Serie A title hit a significant obstacle on Saturday following a controversial 1-1 draw with Atalanta at the San Siro, a result that handed crosstown rivals AC Milan an unexpected lifeline in the championship race. Atalanta striker Nikola Krstovic scored a disputed 82nd-minute equalizer that wiped…

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US Flag Flies at Venezuelan Embassy After Seven Years

The United States flag flew above the American embassy in Caracas on Saturday for the first time in seven years, marking the restoration of diplomatic relations following the capture of former Venezuelan President Nicolas Maduro and a dramatic shift in bilateral ties between Washington and Caracas. Laura Dogu, the US Charge d’Affaires and the embassy’s…

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Two Indian LPG Ships Break Hormuz Blockade

  Two Indian-flagged vessels carrying liquefied petroleum gas have successfully crossed the Strait of Hormuz, marking a rare instance of commercial shipping movement through the critical waterway that has been effectively closed by Tehran amid escalating conflict in the Middle East. Rajesh Kumar Sinha, special secretary of India’s ministry of ports, shipping and waterways, confirmed…

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