By Obinna Uballa France was thrown into fresh political uncertainty on Monday after lawmakers overwhelmingly voted to topple Prime Minister Francois Bayrou’s government in a dramatic confidence vote. The move now forces President Emmanuel Macron to hunt for a fourth premier in less than a year. Bayrou, 74, lost the high-stakes vote by 364-194, a…
• EchoStar's Shares Surge in pre-market trading By Obinna Uballa Elon Musk’s SpaceX has purchased $17 billion worth of spectrum licenses from United States operator EchoStar, in a strategic move to enhance its Starlink direct-to-cell network, the two companies announced in a joint statement on Monday. The agreement will allow Boost Mobile subscribers under EchoStar…
By Nduka Nwosu ARCO Plc GMD/CEO Engineer Alfred Okoigun recently presented awards to deserving winners in science, technology, and mathematics: (STEM) at the last Nigerian Diaspora National Merit Awards ceremony. This event presented an opportunity to recall ARCO's decades of campaign to elevate science and technology, which came to a peak as the Nigerian Excellence…
Analysts predict oil prices could fall below $60 per barrel by the end of the year and potentially into the mid-$50s next year due to an anticipated market oversupply. OPEC+ has begun rolling back its production cuts, returning 137,000 barrels per day to the market in October, contributing to the expected oversupply. The market consensus…
By Obinna Uballa Nigeria faces a looming fuel crisis as the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have begun indefinite strike in Delta State, while petroleum marketers across the country threaten to withdraw services over a dispute with the Dangote Refinery. The Delta…
The National Drug Law Enforcement Agency (NDLEA) has announced that its officials have been able to dismantle what it described as a sophisticated drug cartel operating across Nigeria, the United Kingdom, Brazil, Australia, and the United Arab Emirates (UAE). The NDLEA said the development came after it organised a two-week "intelligence-led operation" which began at…
By Obinna Uballa Japanese Prime Minister Shigeru Ishiba has announced that he will step down following a string of election losses that have shaken his ruling Liberal Democratic Party (LDP) and plunged the country into political uncertainty. The 68-year-old leader, who took office less than a year ago, while speaking on Sunday, said the party…
By Abiola Olawale The Federal Government of Nigeria has called an urgent peace meeting with the management of Dangote Refinery and the leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to address escalating concerns over a potential nationwide strike that could disrupt fuel supply. The New Diplomat gathered that the Federal…
By Abiola Olawale Nigeria is among countries that would witness a rare celestial spectacle on Sunday, September 7. This is as Nigeria will witness a total lunar eclipse, often called a “blood moon.” This phenomenon, visible across much of Africa, Asia, Europe, and Australia, is expected to captivate many as the moon takes on a…