By Obinna Uballa A new partnership between the African Export-Import Bank (Afreximbank) and Shelter Afrique Development Bank (ShafDB) is projected to unlock more than US$1 billion in investments that could transform housing and urban development across Africa. The deal, announced at the Intra-African Trade Fair (IATF2025) in Algiers, is expected to provide early-stage project preparation…
By Abiola Olawale President Bola Ahmed Tinubu is scheduled to address global leaders at Day two at the 80th Session of the United Nations General Assembly (UNGA) in New York on September 24, 2025, during the high-level General Debate. According to a revised provisional list from the UN headquarters sighted by The New Diplomat,…
By Abiola Olawale The government of Ghana has announced its decision to accept West African nationals deported from the United States, with the first group of 14 individuals, including Nigerians and a Gambian, arriving in the country. Ghana's President John Dramani Mahama made the announcement, explaining that the decision aligns with the country’s commitment to…
Big Oil’s early-year optimism has faded. With Brent stuck near $60–$70, shale employment is falling. Forecasts have turned bearish, with talk of sub-$60 Brent and a drop in global upstream capex, raising doubts that majors can sustain current spending and dividends if prices stay low. In their first-quarter financial reports this year, Big Oil majors…
By Abiola Olawale Mr Mele Kyari, the immediate past Group Managing Director (GMD) of the Nigerian National Petroleum Company Limited (NNPCL), has left the Economic and Financial Crimes Commission (EFCC) headquarters in Abuja on Wednesday evening after hours of interrogation. The New Diplomat's checks reveal that Kyari was released by EFCC after an initial interrogation…
By Obinna Uballa Britain’s Prime Minister Keir Starmer has sacked Peter Mandelson as the country’s ambassador to the United States after a storm of revelations about his long-standing ties to convicted sex offender Jeffrey Epstein. Mandelson’s sack came after United States lawmakers released Epstein’s 2003 “birthday book,” in which the veteran Labour politician wrote a…
By Obinna Uballa The United States President Donald Trump has reportedly intervened to stop the deportation of South Korean workers detained during a raid at Hyundai-LG’s battery plant in Georgia, insisting they remain in the country to train American workers. The Financial Times reported on Thursday that Trump instructed U.S. officials to “encourage” the workers…
By Abiola Olawale Following the official opening of the 80th Session of the United Nations General Assembly (UNGA80), New York, USA, high-level delegations from over a dozen countries, including global CEOs, top diplomats, ministers, governors, industry leaders will gather in New York to unlock the Gulf of Guinea’s over $800 billion Energy, Oil & Gas,…
By Abiola Olawale The immediate past Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has reportedly been grilled on Wednesday by the Economic and Financial Crimes Commission (EFCC) over allegations of multi-billion-dollar fraud. Reports emerging on Wednesday revealed that Kyari voluntarily appeared before the EFCC to answer questions…
