US Blacklists Nigerian Businesses Over Terrorist Funding

US Blacklists Nigerian Businesses Over Terrorist Funding

The United States government has placed a high-profile Nigerian citizen and a network of affiliated businesses on its global terrorism blacklist. The US Department of the Treasury announced the sanctions on Tuesday through its Office of Foreign Assets Control. Federal investigators uncovered evidence linking the individual directly to illicit financial networks that funnel money to…

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Regulator Issues Fresh Petrol Permits As Stocks Decline

Regulator Issues Fresh Petrol Permits As Stocks Decline

The federal government has issued fresh refined product import permits to independent marketers for the third quarter of 2026. The Nigerian Midstream and Downstream Petroleum Regulatory Authority approved the licenses to prevent potential domestic fuel shortages between July and September. The tactical intervention follows a noticeable decline in national fuel stock levels over the past…

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Persistent Banditry Transforms Kwara Town Into Ghost Settlement

Persistent Banditry Transforms Kwara Town Into Ghost Settlement

A continuous wave of armed banditry and ransom kidnappings has forced the total abandonment of Owa-Onire town in the Ifelodun Local Government Area of Kwara State. Police tactical units, including the Mobile Police Force and specialized anti-kidnapping squads, discovered the empty settlement during a sweeping forest clearance operation. Heavily armed patrols moved through deserted residential…

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US Iran 14 Point Deal Outlines Hormuz Reopening

  The United States has released the full text of a 14-point memorandum of understanding with Iran aimed at ending hostilities, reopening the Strait of Hormuz and establishing a framework for sanctions relief tied to compliance on nuclear issues. The document, known as the Islamabad Memorandum of Understanding, was made public after calls for transparency…

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Commodity Dependence Exposes Africa to Shocks - Afreximbank

Commodity Dependence Exposes Africa to Shocks – Afreximbank

Africa’s persistent reliance on raw material exports leaves the continent dangerously exposed to global price volatility, geopolitical friction, and supply-chain chaos. The African Export-Import Bank delivered this sobering assessment in its latest Trade and Development Finance Brief. The report details a familiar structural flaw. Most African nations continue to ship out agricultural goods, crude oil,…

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