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The African Development Bank has warned that the continent’s trade finance deficit could reach an unprecedented $86.6 billion next year. Bank executives released the sobering projections during an international financial forum, highlighting a widening chasm that threatens regional economic integration. The expanding shortfall stems from global banking institutions aggressively scaling back their operations across emerging…
The Federal Government of Nigeria missed its third-quarter 2025 oil revenue target by a staggering N7.88 trillion, highlighting the state’s chronic fiscal vulnerabilities. Data from the National Bureau of Statistics and the Budget Office reveal that gross oil receipts reached only N3.22 trillion against a quarterly projection of N11.10 trillion. While the figure represents a…
Lawyer and sociopolitical commentator Deji Adeyanju has described the 2027 presidential candidate of the African Democratic Congress (ADC), Alhaji Atiku Abubakar, as “arrogant”, stating that this trait has been the former Vice President’s political albatross. Adeyanju made the remarks in a Facebook post on Friday. He also enjoined Atiku, who would be 80 years…
The California Attorney General has filed a major lawsuit against the successor company of 23andMe, alleging gross negligence during a massive 2023 data breach. The state’s top prosecutor claims the genetic testing firm failed to protect the sensitive biological and personal information of millions of customers. The cyberattack exposed the ancestry profiles, health data, and…
Lionel Scaloni has named Lionel Messi as captain of Argentina’s 26-man World Cup squad, quelling intense speculation over the forward’s physical fitness. The definitive roster announcement ends months of public silence from the 38-year-old talisman regarding his historic sixth tournament appearance. Panic had rippled through Buenos Aires earlier this week when Messi suffered a sudden…
The legal counsel to Nigerian singer Simi has disclosed that her team reviewed more than 5,000 tweets connected to an alleged harassment campaign targeting the music star and her husband, Adekunle Gold. The disclosure was made by Nigerian lawyer and entertainment business executive Oyinkansola Fawehinmi, popularly known as Foza, during an appearance on the…
President Bola Tinubu has declared that the sweeping economic reforms of his administration have shielded Nigeria from fiscal breakdown, stating that decisions taken since May 2023 blocked a daily haemorrhage of N18.4bn previously lost to fuel subsidies and over N8tn drained through foreign exchange arbitrage. The President made the disclosure on Thursday in a…
NATO has sharply condemned Moscow’s mounting geographic recklessness after a Russian drone crashed into a residential high-rise building in eastern Romania. The overnight strike occurred in the border city of Galați as the Kremlin launched fresh aerial bombardments against nearby Ukrainian infrastructure. Romanian defense officials confirmed that the drone’s full explosive payload detonated on the…
Jeff Bezos’s space venture, Blue Origin, suffered a catastrophic setback when its heavy-lift New Glenn rocket exploded during a routine engine test in Florida. The blast occurred during a scheduled hot-fire procedure at Cape Canaveral Space Force Station, lighting up the night sky and shaking nearby homes. While company officials confirmed that all ground personnel…
Artificial intelligence firm Anthropic has secured $65 billion in private capital, pushing its post-money valuation to an unprecedented $965 billion. The massive Series H funding round vaults the maker of the Claude chatbot ahead of its chief rival, OpenAI, which investors last valued at $852 billion. Elite venture capital firms Altimeter Capital, Dragoneer Investment Group,…
