crude oil The Strait of Hormuz is a critical maritime route for the movement of vessels, with about 20 percent of the world's oil and gas supplies passing through it daily. Brent crude, the international benchmark, jumped 9 percent from $78.38 on Monday, July 13, to settle at $85.45 per barrel on Wednesday, July 15, …
A Village Called Pan Nhiam Imagine a proud village that welcomes four strangers who arrive claiming grand titles: a professor of medicine, a professor of law, a professor of accounting, and a surgeon. The villagers, trusting and eager for progress, take them at their word. No one asks for proof. No one checks a certificate …
Nigeria's state governments are receiving more money than at any other time in recent years, but beneath the surge in revenues lies a growing fiscal concern. While internally generated revenue (IGR) has continued to rise in absolute terms, it is losing ground to the rapid increase in allocations from the Federation Account Allocation Committee (FAAC), …
The federal government has established a high-level Ministerial Advisory Committee (MAC) to provide strategic guidance on Nigeria's fiscal and macroeconomic reforms. This comes as the government seeks to accelerate implementation and ensure that the benefits of ongoing policies reach businesses and households. The committee was inaugurated on Tuesday in Abuja by the Minister of Finance …
A six-month extension sparks debate over governance, succession and the President's strategy ahead of 2027 President Bola Ahmed Tinubu's decision to extend the tenure of the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, by six months has ignited fresh debate over governance, institutional succession, and the exercise of presidential discretion as …
South African anti-migrant group, March and March, has confirmed the death of its Gauteng regional leader, Andile Somgxada, who was shot in what the organization described as an assassination. According to reports, Somgxada was attacked while leaving his home earlier this month and died from his injuries last Thursday. His death was publicly confirmed on …
US President Donald Trump has reversed his plan to impose a 20 percent charge on cargo passing through the Strait of Hormuz, saying the proposed fee will instead be replaced by trade and investment agreements with Gulf countries. Trump announced the decision on Tuesday in a post on Truth Social, a day after saying the …
European champions one win away from world title Spain have booked their place in the final of the 2026 FIFA World Cup after defeating France 2-0 in Tuesday night's semi-final. The reigning European champions produced a composed and dominant display, controlling proceedings from start to finish to move within one victory of lifting the …
The Republic of Benin's National Assembly has temporarily dissolved the country's Autonomous National Electoral Commission (CENA), the body responsible for organising elections. The government said the decision was taken as a cost-saving measure following recent constitutional reforms that extended the tenure of the president, members of parliament and municipal councillors to seven years, reducing the …
The House of Representatives has withdrawn its proposed constitutional amendment bill on state police and will instead consider a similar proposal submitted by President Bola Tinubu. The decision was announced during Tuesday's plenary after lawmakers gave the Executive-sponsored Constitution of the Federal Republic of Nigeria (Alteration) (State Police) Bill, 2026 its first and second readings. …
