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By Obinna Uballa The Fund for Export Development in Africa (FEDA), the development equity investment arm of African Export-Import Bank (Afreximbank), has announced a $75 million strategic investment in Spiro, Africa’s leading electric two-wheel assembler and operator of the continent’s fastest-growing battery swapping network, according to a statement made available to The New Diplomat by…
November 10, 2025
By Abiola Olawale The Economic and Financial Crimes Commission (EFCC) has declared Chief Timipre Sylva, a former Minister of State for Petroleum Resources and former Governor of Bayelsa State, wanted over an alleged connection with a case of conspiracy and dishonest conversion involving over $14.8 million in public funds. This declaration was made public via…
November 10, 2025
By Obinna Uballa Former French President Nicolas Sarkozy has been released from prison pending the outcome of his appeal against a conviction for allegedly receiving illegal campaign funding from Libya. A court in Paris ordered his release on Monday after prosecutors supported his application, ending a 20-day jail stint he described as a “nightmare.” Sarkozy,…
November 10, 2025
By Abiola Olawale In a dramatic turn of events, Nigerian billionaire and Senator Ned Nwoko has alleged that his unnamed "enemies" are exploiting his marital crisis with popular actress Regina Daniels as a tool for blackmail. The development comes amid allegations and counter-allegations between Nwoko, the lawmaker representing the Delta North senatorial district of Delta…
November 10, 2025
By Abiola Olawale The Federal Government of Nigeria (FG) has overshot its initial 2025 borrowing projections, exceeding the target by 55.6%. This sudden surge in national debt has triggered widespread alarm among economic experts, lawmakers, and civil society, raising questions about fiscal sustainability and the nation's burgeoning debt-servicing burden. The New Diplomat reports that original…
November 10, 2025
By Abiola Olawale The British Broadcasting Corporation (BBC), one of the world's most prominent public broadcasting stations, has been rocked by an editorial scandal leading to the resignations of its Director-General, Tim Davie, and its CEO of News, Deborah Turness. The New Diplomat reports that their resignation follows intense pressure over a leaked internal memo…
November 10, 2025
In early Asian trade on Monday, crude oil prices were climbing after the United States Senate passed a funding agreement that could end the federal government shutdown. At the time of writing, WTI had climbed to $60.20 while Brent was trading at $64.05, both up by roughly 0.7%. Senate negotiators had struck a deal ahead of a Sunday…
November 10, 2025
By Abiola Olawale Governor Charles Chukwuma Soludo of Anambra has delivered his acceptance speech after being officially declared the winner of the Anambra governorship election. Soludo, who contested the just-concluded election under the platform of the All Progressives Grand Alliance (APGA), said his victory is a testament to the popular support for his administration's "Solution…
November 9, 2025
By Abiola Olawale The Independent National Electoral Commission (INEC) has declared the candidate of the All Progressives Grand Alliance, Prof. Chukwuma Soludo, as the winner of the Saturday, November 8, 2025, Anambra State governorship election. The Returning Officer of the Independent National Electoral Commission, Prof. Edoba Omoregie, made this declaration after Soludo won all the…
November 9, 2025
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By Obinna Uballa The Fund for Export Development in Africa (FEDA), the development equity investment arm of African Export-Import Bank (Afreximbank), has announced a $75 million strategic investment in Spiro, Africa’s leading electric two-wheel assembler and operator of the continent’s fastest-growing battery swapping network, according to a statement made available to The New Diplomat by…
November 10, 2025
By Abiola Olawale The Economic and Financial Crimes Commission (EFCC) has declared Chief Timipre Sylva, a former Minister of State for Petroleum Resources and former Governor of Bayelsa State, wanted over an alleged connection with a case of conspiracy and dishonest conversion involving over $14.8 million in public funds. This declaration was made public via…
November 10, 2025
By Obinna Uballa Former French President Nicolas Sarkozy has been released from prison pending the outcome of his appeal against a conviction for allegedly receiving illegal campaign funding from Libya. A court in Paris ordered his release on Monday after prosecutors supported his application, ending a 20-day jail stint he described as a “nightmare.” Sarkozy,…
November 10, 2025
By Abiola Olawale In a dramatic turn of events, Nigerian billionaire and Senator Ned Nwoko has alleged that his unnamed "enemies" are exploiting his marital crisis with popular actress Regina Daniels as a tool for blackmail. The development comes amid allegations and counter-allegations between Nwoko, the lawmaker representing the Delta North senatorial district of Delta…
November 10, 2025
By Abiola Olawale The Federal Government of Nigeria (FG) has overshot its initial 2025 borrowing projections, exceeding the target by 55.6%. This sudden surge in national debt has triggered widespread alarm among economic experts, lawmakers, and civil society, raising questions about fiscal sustainability and the nation's burgeoning debt-servicing burden. The New Diplomat reports that original…
November 10, 2025
By Abiola Olawale The British Broadcasting Corporation (BBC), one of the world's most prominent public broadcasting stations, has been rocked by an editorial scandal leading to the resignations of its Director-General, Tim Davie, and its CEO of News, Deborah Turness. The New Diplomat reports that their resignation follows intense pressure over a leaked internal memo…
November 10, 2025
In early Asian trade on Monday, crude oil prices were climbing after the United States Senate passed a funding agreement that could end the federal government shutdown. At the time of writing, WTI had climbed to $60.20 while Brent was trading at $64.05, both up by roughly 0.7%. Senate negotiators had struck a deal ahead of a Sunday…
November 10, 2025
By Abiola Olawale Governor Charles Chukwuma Soludo of Anambra has delivered his acceptance speech after being officially declared the winner of the Anambra governorship election. Soludo, who contested the just-concluded election under the platform of the All Progressives Grand Alliance (APGA), said his victory is a testament to the popular support for his administration's "Solution…
November 9, 2025
By Abiola Olawale The Independent National Electoral Commission (INEC) has declared the candidate of the All Progressives Grand Alliance, Prof. Chukwuma Soludo, as the winner of the Saturday, November 8, 2025, Anambra State governorship election. The Returning Officer of the Independent National Electoral Commission, Prof. Edoba Omoregie, made this declaration after Soludo won all the…
November 9, 2025
