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Nigeria’s global passport ranking has improved by six places since President Bola Tinubu took office in May 2023, yet the actual number of countries that Nigerians can enter without a prior visa has quietly shrunk, presenting a contradictory picture of progress and decline. According to the April 2026 edition of the Henley Passport…
Global oil prices climbed sharply on Monday, with Brent crude rising by 2% to reach $109.33 per barrel. US-traded crude also saw a 2% gain, settling at $96.78. This upward momentum follows the continued closure of the Strait of Hormuz, a critical maritime chokepoint that handles approximately one-fifth of global oil and liquefied natural gas…
The United States has formally reactivated its Export Credit Guarantee Program (GSM-102) to deepen agricultural trade ties with Nigeria. The initiative, managed by the U.S. Department of Agriculture, provides essential credit guarantees to Nigerian banks and importers, reducing the risk associated with purchasing U.S. agricultural inputs. This move marks a strategic shift in U.S. diplomatic…
Kogi State has solidified a strategic cooperation agreement with Hezheng Holdings Group and Hezheng Digital Technology Co., Ltd. to accelerate its Special Agro-Industrial Processing Zone (SAPZ) programme. This move signals a transition from conceptual design to operational implementation, aimed at transforming the state into a premier agricultural and industrial hub. Central to the partnership is…
President Bola Tinubu has promised to strengthen economic links with the United Kingdom while celebrating nine decades of British Airways operations in Nigeria. He met with a delegation led by British High Commissioner Richard Montgomery at the State House to reaffirm these bilateral commitments. The President highlighted the necessity of aligning national priorities with long-standing…
Africa remains a footnote in the global capital market, trapped in a narrow corridor of four to six per cent of global Foreign Direct Investment (FDI). A March 2026 report by the Pan-African Manufacturers Association (PAMA) reveals a continent struggling to move beyond the periphery of global manufacturing. While global FDI rose by 14 per…
South Africa, Ghana, and Kenya have approached the Dangote Petroleum Refinery to secure emergency fuel contracts as the Middle East energy crisis threatens continental supplies. Bloomberg reported on Friday, 20 March 2026, that Pretoria is seeking a 12-month supply deal to insulate its economy from the fallout of the Iran-Israel conflict. The 650,000-barrel-per-day facility in…
Renewed Iranian attacks on energy infrastructure have pushed Brent crude back above $101, neutralising a record release of strategic reserves by the International Energy Agency (IEA). Despite the IEA dumping 400 million barrels into the market, the effective closure of the Strait of Hormuz has kept traders on edge. Roughly one-fifth of the world’s crude…
The United States government has temporarily relaxed its economic sanctions against Russia to allow a consignment of Russian crude oil and petroleum products, currently stranded aboard vessels at sea, to be sold to India, the Treasury Department announced on Thursday. The Treasury Department’s Office of Foreign Assets Control issued a Russia-related general licence titled…
