Drone Attack Damages Kuwait’s Key Shuwaikh Port Amid Rising Middle East Tensions

Authorities in Kuwait have confirmed that the country’s main commercial hub, Shuwaikh Port, was hit by a drone strike early Friday morning, in what officials described as a “hostile” attack. According to the Kuwait Ports Authority, multiple unmanned aerial vehicles targeted the port, causing material damage to facilities within the complex. Fortunately, no injuries were…

Iran Signals Openness to Spain on Strait of Hormuz Access Amid Ongoing Tensions

In a notable diplomatic development, Iran has indicated a willingness to cooperate with Spain regarding access through the strategically vital Strait of Hormuz, even as tensions continue to disrupt global energy flows. The statement, issued by the Iranian Embassy in Madrid, suggests that Spain may receive favorable consideration for maritime transit requests due to its…

Power Minister Adebayo Adelabu Apologises to Nigerians, Promises Quick Resolution to Electricity Challenges

Nigeria’s Minister of Power, Adebayo Adelabu, has issued a public apology to citizens over the ongoing electricity challenges affecting homes, businesses, and industries across the country. Speaking at a press conference in Abuja, the minister acknowledged the hardship caused by the disruptions, particularly as the country experiences intense heat during the dry season. He expressed…

CBN Named Global ‘Central Bank of the Year’ 2026 Amid Major Economic Reforms

The Central Bank of Nigeria has been recognised on the global stage after clinching the prestigious “Central Bank of the Year” award at the 2026 Central Banking Awards, marking a significant milestone in the country’s financial recovery journey. The award, announced by the Central Banking Awards Committee, highlights the bank’s sweeping monetary and structural reforms…