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Analysts surveyed by Reuters expect Brent Crude to average $67.65 per barrel and WTI Crude to average $64.65 per barrel this year, with slight adjustments from previous forecasts. Factors contributing to the subdued oil price outlook include rising supply from OPEC+ and non-OPEC+ producers, slowing demand growth post-summer, and uncertainties from U.S. trade policies. Major…
August 29, 2025
The administration of United States President Donald Trump has announced it is denying and revoking visas for members of the Palestine Liberation Organization (PLO) and the Palestinian Authority (PA) before the United Nations General Assembly (UNGA) in September. The announcement was made in a statement released by the US Department of State on Friday. “The…
August 29, 2025
By Abiola Olawale Nigerians sending parcels to the United States will now face a mandatory $80 prepaid customs duty beginning from August 29, 2025, as announced by the Nigerian Postal Service (NIPOST). This new charge, equivalent to its Naira value, applies to all non-document shipments, including parcels and packages, and will be collected at the…
August 29, 2025
By Obinna Uballa Goodluck Jonathan's cousin, Azibaola Robert, has denied reports suggesting that the former president has withdrawn from the 2027 presidential race, insisting he has not ruled himself out as consultations continue across the country. The rebuttal followed a publication claiming Jonathan had opted out to protect Southern unity. The report, titled “Jonathan Rejects…
August 29, 2025
Canada's economy shrank in the second quarter by a much larger degree than expected as U.S. tariffs squeezed exports, but higher household and government spending cushioned some of the impact, Statistics Canada said on Friday. The GDP for the quarter that ended June 30 slowed by 1.6 per cent on an annualized basis, while first-quarter…
August 29, 2025
Thailand's Constitutional Court strikes again, removing yet another prime minister from office. The country's notoriously interventionist panel of nine appointed judges has ruled that Paetongtarn Shinawatra violated ethical standards in a phone call she had in June with the veteran Cambodian leader Hun Sen, which he then leaked. In it, Paetongtarn could be heard being…
August 29, 2025
Crude oil prices were set for another weekly rise after additional 25% tariffs on Indian exports to the United States kicked in on Wednesday, raising doubts about the supply of Russian crude. At the time of writing, Brent crude was trading at $68.17 per barrel, with West Texas Intermediate at $64.20 per barrel, both slightly down from Thursday’s close…
August 29, 2025
By Obinna Uballa Tesla’s grip on the European electric vehicle market continued to loosen in July, with sales plunging 40% year-on-year even as Chinese challenger BYD posted explosive growth, according to data from the European Automobile Manufacturers Association (ACEA) on Thursday. New car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according…
August 28, 2025
By Abiola Olawale President Bola Ahmed Tinubu returned to Abuja on Thursday, August 28, 2025, following a state visit to Brazil and an earlier visit to Japan. Shortly after his return, Tinubu stated that his international engagements are focused on fostering economic growth, job creation, and long-term prosperity for Nigerians. In a statement shared on…
August 28, 2025
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Analysts surveyed by Reuters expect Brent Crude to average $67.65 per barrel and WTI Crude to average $64.65 per barrel this year, with slight adjustments from previous forecasts. Factors contributing to the subdued oil price outlook include rising supply from OPEC+ and non-OPEC+ producers, slowing demand growth post-summer, and uncertainties from U.S. trade policies. Major…
August 29, 2025
The administration of United States President Donald Trump has announced it is denying and revoking visas for members of the Palestine Liberation Organization (PLO) and the Palestinian Authority (PA) before the United Nations General Assembly (UNGA) in September. The announcement was made in a statement released by the US Department of State on Friday. “The…
August 29, 2025
By Abiola Olawale Nigerians sending parcels to the United States will now face a mandatory $80 prepaid customs duty beginning from August 29, 2025, as announced by the Nigerian Postal Service (NIPOST). This new charge, equivalent to its Naira value, applies to all non-document shipments, including parcels and packages, and will be collected at the…
August 29, 2025
By Obinna Uballa Goodluck Jonathan's cousin, Azibaola Robert, has denied reports suggesting that the former president has withdrawn from the 2027 presidential race, insisting he has not ruled himself out as consultations continue across the country. The rebuttal followed a publication claiming Jonathan had opted out to protect Southern unity. The report, titled “Jonathan Rejects…
August 29, 2025
Canada's economy shrank in the second quarter by a much larger degree than expected as U.S. tariffs squeezed exports, but higher household and government spending cushioned some of the impact, Statistics Canada said on Friday. The GDP for the quarter that ended June 30 slowed by 1.6 per cent on an annualized basis, while first-quarter…
August 29, 2025
Thailand's Constitutional Court strikes again, removing yet another prime minister from office. The country's notoriously interventionist panel of nine appointed judges has ruled that Paetongtarn Shinawatra violated ethical standards in a phone call she had in June with the veteran Cambodian leader Hun Sen, which he then leaked. In it, Paetongtarn could be heard being…
August 29, 2025
Crude oil prices were set for another weekly rise after additional 25% tariffs on Indian exports to the United States kicked in on Wednesday, raising doubts about the supply of Russian crude. At the time of writing, Brent crude was trading at $68.17 per barrel, with West Texas Intermediate at $64.20 per barrel, both slightly down from Thursday’s close…
August 29, 2025
By Obinna Uballa Tesla’s grip on the European electric vehicle market continued to loosen in July, with sales plunging 40% year-on-year even as Chinese challenger BYD posted explosive growth, according to data from the European Automobile Manufacturers Association (ACEA) on Thursday. New car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according…
August 28, 2025
By Abiola Olawale President Bola Ahmed Tinubu returned to Abuja on Thursday, August 28, 2025, following a state visit to Brazil and an earlier visit to Japan. Shortly after his return, Tinubu stated that his international engagements are focused on fostering economic growth, job creation, and long-term prosperity for Nigerians. In a statement shared on…
August 28, 2025
