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Global crude prices tumbled as traders weighed erratic diplomatic signals regarding a potential peace deal to end the US-Israel war on Iran. Brent crude fell 5 percent on Sunday to stand at $98.47 a barrel for July futures. This represents a 9 percent drop over the past month. Despite the decline, global prices remain more…
Arsenal officially lifted the Premier League trophy on Sunday after concluding their victorious domestic campaign with a 2-1 win at Crystal Palace. Gabriel Jesus and Noni Madueke scored at Selhurst Park to secure the club’s twenty-sixth victory of the season. Mikel Arteta’s squad had already clinched the title on Tuesday night when nearest rivals Manchester…
Nigeria maintained its position as the third-largest global borrower from the World Bank’s International Development Association despite a marginal reduction in its debt stock. The nation’s outstanding exposure to the concessional lending arm stood at $18.5 billion as of March 31, 2026. This figure marks a slight 1.7 percent drop from the $18.7 billion recorded…
The African Export-Import Bank posted a 25 percent increase in net income for the first quarter of 2026 as expanded trade lending outpaced falling global interest rates. Profit for the three months ending March 31 rose to $268.9 million, up from $215.4 million during the same period last year. The Cairo-based multilateral lender attributed the…
A combined security team rescued twelve abducted passengers on Saturday after armed men intercepted two commercial buses in Ondo State. The victims were travelling from Benue State to Ibadan when gunmen struck at approximately 01:30 am. The attack occurred at Isua Akoko, the administrative headquarters of Akoko South-East Local Government Area. State police command spokesperson…
Three years after a court order and months into contempt proceedings, the Socio-Economic Rights and Accountability Project (SERAP) has issued a fresh 48-hour ultimatum to the Federal Ministry of Finance, demanding full disclosure of all Nigerian contractors, subcontractors, consultants, and vendors who received payments under the controversial $460 million Abuja CCTV project. In a…
The Democratic Republic of the Congo (DRC) is facing the prospect of being shut out of the 2026 FIFA World Cup if its national team fails to comply with a strict 21 day isolation directive issued by United States health and tournament authorities ahead of the squad’s scheduled June 11 arrival in Houston, Texas. The…
The Human Rights Writers Association of Nigeria (HURIWA) has called on Nigerian security agencies to arrest and investigate prominent Islamic cleric, Sheikh Ahmad Gumi, over recent televised comments the group described as sympathetic to terrorists and capable of undermining the country’s ongoing counter terrorism campaign. In a statement issued on Saturday by its National…
Concerns over renewed xenophobic sentiment have flared in South Africa after authorities in Durban relocated several Nigerians and other African nationals to a screening centre for immigration verification, igniting heated reactions across migrant communities and social media platforms. According to reports monitored by Observers Times, the operation was reportedly ordered by Durban Mayor Cyril…
Nigeria is contending with extraordinary levels of insecurity, with approximately 2.2 million kidnapping incidents recorded within a single year and ransom payments estimated at N2.2 trillion, a security expert, Prof. Oyesoji Aremu, has said. Aremu, a security scholar at the University of Ibadan and Acting Vice Chancellor of Achievers University, Owo, Ondo State, made…
