Ad
By Obinna Uballa Fresh outrage has trailed the order by Minister of the Federal Capital Territory (FCT), Nyesom Wike, directing the Department of Urban Control to pull down ongoing construction works at River Park Estate, Abuja. During an inspection visit to the estate at the weekend, Wike accused developers of violating existing agreements and attempting…
September 22, 2025
By Obinna Uballa Nigeria’s push for energy self-sufficiency has received a boost as the Federal Government disclosed that 67,657,559 barrels of crude oil were delivered to domestic refineries between January and August 2025. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which confirmed the figure, said the supplies were made under the Petroleum Industry Act 2021…
September 22, 2025
By Obinna Uballa China kept its benchmark lending rates unchanged on Monday, defying last week’s interest rate cut by the United States Federal Reserve, as Beijing opts for caution despite signs of economic weakness. The People’s Bank of China (PBOC) left the one-year loan prime rate (LPR) at 3.0% and the five-year LPR at 3.5%,…
September 22, 2025
By Obinna Uballa The planned commencement of trial in the cybercrime case against suspended Kogi Central senator, Natasha Akpoti-Uduaghan, at the Federal High Court, Abuja, was on Monday stalled following a preliminary objection by her counsel, Ehiogie West-Idahosa (SAN). Akpoti-Uduaghan faces a six-count charge under the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act, 2024, in suit…
September 22, 2025
By Obinna Uballa Billionaire businessman, Femi Otedola, has alleged that more than N2 trillion was siphoned through questionable petrol subsidy claims during the administration of former President Goodluck Jonathan, with depot licence holders emerging as the chief beneficiaries. Otedola made the claim in a statement on Monday while defending the Dangote Petroleum Refinery (DPR) in…
September 22, 2025
By Abiola Olawale The immediate past Governor of Kaduna State, Nasir El-Rufai, and the presidency are currently locked in a war of words over the former's criticism of President Bola Tinubu. This comes after El-Rufai accused Tinubu of allegedly scheming to become a "president for life" akin to Cameroon's long-ruling Paul Biya. El-Rufai, also a…
September 22, 2025
Managed money speculators hit record bearish positions on WTI even as the IEA forecasts massive ongoing investment needs to prevent steep supply declines. The IEA projects global production would fall by more than 5 million barrels a day annually without new drilling, driven by faster depletion in shale fields. With tech now outspending oil on…
September 21, 2025
By Abiola Olawale Israeli Prime Minister Benjamin Netanyahu has criticised United Kingdom Prime Minister Keir Starmer, Canadian Prime Minister Mark Carney, and Australian Prime Minister Anthony Albanese on Sunday, declaring that a Palestinian state "will not happen". This comes after Starmer, Carney, and Albanese announced their decision to recognise Palestine as a sovereign entity. Netanyahu's…
September 21, 2025
By Abiola Olawale Nigeria's Vice President Kashim Shettima departed Abuja on Sunday for New York, United States, as leader of the nation's delegation at the 80th session of the United Nations General Assembly (UNGA). This comes after The New Diplomat had reported that Tinubu had delegated Shettima to represent him at the UNGA for the…
September 21, 2025
Advert
Ad
By Obinna Uballa Fresh outrage has trailed the order by Minister of the Federal Capital Territory (FCT), Nyesom Wike, directing the Department of Urban Control to pull down ongoing construction works at River Park Estate, Abuja. During an inspection visit to the estate at the weekend, Wike accused developers of violating existing agreements and attempting…
September 22, 2025
By Obinna Uballa Nigeria’s push for energy self-sufficiency has received a boost as the Federal Government disclosed that 67,657,559 barrels of crude oil were delivered to domestic refineries between January and August 2025. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which confirmed the figure, said the supplies were made under the Petroleum Industry Act 2021…
September 22, 2025
By Obinna Uballa China kept its benchmark lending rates unchanged on Monday, defying last week’s interest rate cut by the United States Federal Reserve, as Beijing opts for caution despite signs of economic weakness. The People’s Bank of China (PBOC) left the one-year loan prime rate (LPR) at 3.0% and the five-year LPR at 3.5%,…
September 22, 2025
By Obinna Uballa The planned commencement of trial in the cybercrime case against suspended Kogi Central senator, Natasha Akpoti-Uduaghan, at the Federal High Court, Abuja, was on Monday stalled following a preliminary objection by her counsel, Ehiogie West-Idahosa (SAN). Akpoti-Uduaghan faces a six-count charge under the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act, 2024, in suit…
September 22, 2025
By Obinna Uballa Billionaire businessman, Femi Otedola, has alleged that more than N2 trillion was siphoned through questionable petrol subsidy claims during the administration of former President Goodluck Jonathan, with depot licence holders emerging as the chief beneficiaries. Otedola made the claim in a statement on Monday while defending the Dangote Petroleum Refinery (DPR) in…
September 22, 2025
By Abiola Olawale The immediate past Governor of Kaduna State, Nasir El-Rufai, and the presidency are currently locked in a war of words over the former's criticism of President Bola Tinubu. This comes after El-Rufai accused Tinubu of allegedly scheming to become a "president for life" akin to Cameroon's long-ruling Paul Biya. El-Rufai, also a…
September 22, 2025
Managed money speculators hit record bearish positions on WTI even as the IEA forecasts massive ongoing investment needs to prevent steep supply declines. The IEA projects global production would fall by more than 5 million barrels a day annually without new drilling, driven by faster depletion in shale fields. With tech now outspending oil on…
September 21, 2025
By Abiola Olawale Israeli Prime Minister Benjamin Netanyahu has criticised United Kingdom Prime Minister Keir Starmer, Canadian Prime Minister Mark Carney, and Australian Prime Minister Anthony Albanese on Sunday, declaring that a Palestinian state "will not happen". This comes after Starmer, Carney, and Albanese announced their decision to recognise Palestine as a sovereign entity. Netanyahu's…
September 21, 2025
By Abiola Olawale Nigeria's Vice President Kashim Shettima departed Abuja on Sunday for New York, United States, as leader of the nation's delegation at the 80th session of the United Nations General Assembly (UNGA). This comes after The New Diplomat had reported that Tinubu had delegated Shettima to represent him at the UNGA for the…
September 21, 2025
