Japan still has significant financial firepower to intervene in currency markets if the yen comes under renewed pressure, with Goldman Sachs estimating that the country holds close to $1 trillion in foreign exchange reserves. The assessment comes as the yen has weakened again after recovering sharply from last month’s intervention. The Japanese currency moved back…
At least 168 solar-powered streetlights installed along the Longbridge section of the Lagos-Ibadan Expressway have reportedly been stolen by suspected vandals, leaving parts of the busy highway in darkness and raising fresh concerns about the safety of motorists. The streetlights were installed in 2025 along the approximately five-kilometre stretch of the bridge to improve visibility…
The global diamond industry is facing one of its most significant disruptions in decades, with natural diamond prices falling to their lowest level this century as lab-grown alternatives continue to gain ground. The Diamond Standard Index, tracked on the Bloomberg Terminal, reached an all-time low in the first half of August. The decline represents a…
Nigeria’s Federal Government has approved tax waivers for nearly 4,000 electric vehicles (EVs) imported into the country during the first half of 2026, in a move aimed at accelerating the adoption of cleaner transportation. The approvals are the first to be processed under a new government programme designed to promote electric mobility through tax incentives…
Nigeria’s millionaire population has recorded its first annual increase in years, with the number of people holding more than $1 million in liquid wealth rising from 7,200 in 2025 to 8,100 in 2026. Data from global wealth intelligence firm New World Wealth showed that Nigeria recorded a 12.5 per cent increase in its dollar millionaire…
U.S. President Donald Trump has claimed that Iran has privately agreed to the terms being sought by Washington, but is unwilling to publicly acknowledge the understanding. Trump said Tehran had accepted what the United States was asking for but was reluctant to confirm it openly, suggesting that Iranian leaders were concerned about how such an…
Mark Zuckerberg’s $300 million superyacht, Launchpad, has come under public scrutiny following claims that its crew failed to respond to a stranded boat in Alaska. The incident reportedly began when a small skiff ran out of fuel while in Alaskan waters. According to the captain of a nearby cruise ship, attempts were made to contact…
South Africa’s unemployment crisis has deepened, with the country’s official unemployment rate rising to 33.6% in the second quarter of 2026, according to the latest figures released by Statistics South Africa. The rate increased from 32.7% recorded in the first quarter, marking the highest level in four years and highlighting the continued challenges facing the…
Football superstar Cristiano Ronaldo and his longtime partner, Georgina Rodríguez, have reportedly taken the next step in their relationship, with the couple now officially married. Ronaldo, 41, shared the news on Instagram on Tuesday, posting a photograph of two hands wearing gold wedding rings. The simple image quickly sparked excitement among fans, with reports indicating…
The Nigeria Police Force has barred the Western Nigeria Security Network, popularly known as Amotekun, vigilante groups and other non-state security outfits from participating in security operations for the Osun State governorship election scheduled for Saturday, August 15, 2026. The directive was issued as the police stepped up preparations to ensure a peaceful and credible…
