Abiola

Saudi Aramco Cuts Output at Two Oil Fields as Strait of Hormuz Disruptions Shake Global Supply

The world’s largest oil company, Saudi Aramco, has reportedly begun reducing production at two of its oil fields as tensions in the Middle East continue to disrupt energy flows through the critical Strait of Hormuz. According to sources cited by Reuters, the production cuts come as shipping activity through the narrow waterway slows significantly due…

France Deploys Aircraft Carrier and Warships to Middle East Waters as Regional Tensions Rise

France has begun deploying a significant naval force to strategic waters in the Middle East as tensions in the region continue to escalate. The deployment includes around a dozen naval vessels, among them the aircraft carrier strike group led by the French aircraft carrier Charles de Gaulle, which recently arrived in the eastern Mediterranean. The…

Iran’s New Supreme Leader Mojtaba Khamenei Reportedly Wounded as Middle East Conflict Escalates

Reports from Iranian state media indicate that Mojtaba Khamenei, who was recently appointed as Iran’s Supreme Leader, has been injured amid the rapidly escalating conflict in the Middle East. According to Iranian television, the 56-year-old cleric sustained injuries during the ongoing hostilities in the region. State broadcasters referred to him as a “janbaz,” a Persian…

FCMB Meets ₦500 Billion Capital Requirement to Retain International Banking License

FCMB Group has announced that it has successfully met the revised ₦500 billion minimum capital requirement required to maintain an international banking licence in Nigeria. The milestone comes as the bank concludes its capital-raising programme aimed at strengthening its financial base and complying with regulatory reforms introduced by the Central Bank of Nigeria. In a…

American Oil Companies Suspend Production in Iraqi Kurdistan After Iran-Linked Attacks

Oil production in Iraq’s semi-autonomous Kurdistan region has been disrupted after a recent wave of attacks linked to Iranian-backed groups, forcing several American oil companies to temporarily halt operations. Authorities in the Kurdistan region confirmed on Friday that production at an oil field operated by the US-based company HKN Energy has been suspended following an…

Tinubu Approves Salary Increase and Welfare Boost for Nigerian Military Personnel

President Bola Ahmed Tinubu has approved an immediate increase in salaries for members of the Nigerian Armed Forces, alongside the payment of three months’ salary arrears, in a move aimed at improving the welfare of troops and strengthening the country’s security operations. The development was confirmed by Bello Muhammed Matawalle, who revealed that military personnel…

Russian Technology Found in Iranian Drone That Targeted British RAF Base in Cyprus

Concerns are growing over Russia’s potential involvement in the escalating Middle East conflict after investigators reportedly discovered Russian military technology inside an Iranian drone that struck a British Royal Air Force base in Cyprus. The drone attack targeted RAF Akrotiri, one of Britain’s key military installations in the region. According to investigators, the drone used…

Iran’s Supreme Leader Ayatollah Ali Khamenei Confirmed Dead After U.S.‑Israeli Strikes

In a development that has sent shockwaves across the Middle East and beyond, Iranian state media have officially confirmed the death of Supreme Leader Ayatollah Ali Khamenei following what Tehran described as “attacks” by the United States and Israel. The announcement on Sunday marks one of the most consequential turning points in the region’s recent…