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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…
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…
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…
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…
A Brazilian Supreme Court justice has reversed his own decision authorizing a senior advisor to United States President Donald Trump to visit imprisoned former president Jair Bolsonaro, following warnings from the Brazilian government that the meeting could constitute undue foreign interference in the country’s internal affairs during an election year. Justice Alexandre de Moraes…
The Bank of England has announced plans to remove Winston Churchill from the £5 banknote, replacing the wartime leader with images of British wildlife including badgers, otters, and barn owls in a sweeping redesign that has triggered fierce criticism from senior parliamentarians. The decision, revealed on Thursday, forms part of a broader move to…
The Federal Government has moved to extract Nigerians from Iran as the Middle East crisis deepens, escorting willing citizens across the Armenian border in what officials have described as the safest available route out of the country. The land corridor through Armenia has become the primary channel for evacuation after airspace over the region…
Mobile internet disruptions spreading across Russian cities are not going away any time soon. The Kremlin made that plain on Wednesday, telling the public that network outages will continue for as long as the authorities deem them necessary, a formulation that offered no timeline and no ceiling on how far the restrictions could go. Kremlin…
A Norwegian court has sentenced Daniel Daga, a Nigerian professional footballer and former Flying Eagles midfielder, to six months in prison after finding him guilty of committing a sexual act without consent. The verdict, delivered on Tuesday, marks one of the more high-profile criminal cases to touch Nigerian football at the junior international level…
Global crude oil markets recorded their first significant decline since the escalation of Middle East hostilities, with benchmark Brent crude falling 8.45 percent to 90 per barrel and United States West Texas Intermediate (WTI) dropping 8.58 percent to 86.77 per barrel on Tuesday. The correction follows Monday’s dramatic surge that pushed prices past 100…
