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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…
The Centre for the Promotion of Private Enterprise has warned that Nigerian businesses face mounting existential threats from the current surge in global energy prices, driven by escalating geopolitical tensions in the Middle East that have pushed crude oil to $100 per barrel and refined fuel above N1,000 per litre. In an advisory note…
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…
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…
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…
The 98th Academy Awards arrive tonight in Los Angeles with a high-stakes duel between two vastly different cinematic giants. Ryan Coogler’s Sinners enters the Dolby Theatre with a record-shattering 16 nominations, the most in Oscar history. It faces a formidable challenge from Paul Thomas Anderson’s One Battle After Another, which holds 13 nods and has…
Manchester United tightened their grip on a Champions League spot with a 3-1 victory over top-four rivals Aston Villa at Old Trafford on Sunday. Michael Carrick’s interim side broke a lethargic first-half deadlock through Casemiro, before late strikes from Matheus Cunha and Benjamin Sesko secured the points. United now sit third in the Premier League,…
Panic has gripped the Kungaboku and Paze communities in the Bwari Area Council of the Federal Capital Territory (FCT) following a written threat from suspected bandits. Residents began fleeing their homes after a letter, allegedly found in a pupil’s school bag, detailed a plan to avenge the killing of a bandit commander. The threat follows…
UEFA has cancelled the “Finalissima” clash between European champions Spain and world champions Argentina, originally scheduled for 27 March 2026. The match, which was to take place in Qatar, became a casualty of the escalating US-Israel-Iran war currently engulfing the Middle East. UEFA confirmed on Sunday that negotiations with the Argentinian Football Association (AFA) collapsed…
The Federal Government and the International Labour Organisation (ILO) have revived high-level coordination meetings to overhaul labour governance and promote “decent work” in Nigeria. Permanent Secretary of the Federal Ministry of Labour and Employment, Salihu Usman, announced the resumed partnership during a strategic session in Abuja on Sunday. The move signals a shift towards more…
