As of June 2024, Nigeria’s external debt has risen to a staggering $42.9 billion, according to the latest report from the Debt Management Office (DMO). This marks a notable increase from the $42.12 billion recorded in March 2024. While the bulk of this debt is attributed to the Federal Government, Nigerian states and the Federal…
The Rising Cost of Petrol in Nigeria: Understanding the Discrepancy Between Landing and Retail Prices Nigeria has recently witnessed a significant shift in the cost of landing Premium Motor Spirit (PMS), commonly known as petrol, at its ports. Over the past three months, the landing cost has decreased by 20.34%, dropping to N971.57 per litre….
In the aftermath of Donald Trump’s recent election win, a surprising hashtag has resurfaced on X (formerly Twitter): #ArrestBillGates. The hashtag has sparked a renewed flurry of conspiracy theories and misinformation about Bill Gates, the Microsoft co-founder turned philanthropist, who has long been a target for baseless accusations. This trend reflects a pattern of misinformation…
Russia’s Growing Influence in Africa: A New Chapter in Geopolitical Alliances In a recent summit in Sochi, Russian President Vladimir Putin reaffirmed Moscow’s “total support” for African nations, particularly in the areas of counterterrorism, economic development, and crisis response. His message, delivered by Foreign Minister Sergei Lavrov to African foreign ministers, emphasized Russia’s commitment to…
Trump and Putin Hold Talks as Biden Prepares to Urge Continued U.S. Support for Ukraine In a recent development, U.S. President-elect Donald Trump reportedly spoke with Russian President Vladimir Putin, advising him to avoid further escalation in the ongoing Ukraine conflict, according to a source familiar with the conversation. This call, revealed by Reuters on…
The Hong Kong stock market felt the heaviest blow, with the Hang Seng index plunging by 2.5% on Monday, initiating a ripple effect across other Asian markets.
As the race for Senate majority leader heats up, Florida Republican Senator Rick Scott, though widely seen as a long-shot candidate, has garnered support from a group of prominent conservative lawmakers and influential figures within the MAGA movement. With the secret-ballot election set for Wednesday, Scott’s bid for leadership has gained momentum in recent days,…
This development marks a significant step forward in European defense capabilities and comes in response to increased regional security concerns, particularly following Russia’s invasion of Ukraine.
Bitcoin has surged past the $80,000 mark for the first time, driven by optimism surrounding the incoming administration of President-elect Donald Trump and the anticipated pro-crypto tilt in Congress. On Sunday, the world’s largest cryptocurrency rose 4.7% to reach an unprecedented $80,092, marking a historic high fueled by policy expectations and market momentum. Trump, a…
On Sunday, Russia’s defense ministry announced the capture of a village in Ukraine’s eastern Donetsk region, marking continued progress in a strategically significant area. According to the ministry, Russian forces seized control of the village of Vovchenko—referred to by Russian officials as “Voltchenka”—located approximately five kilometers (three miles) from the industrial hub of Kurakhove. The…
