Key Takeaways Citizenship by investment programs allow individuals to acquire a second passport by making significant financial contributions to a country’s economy. Minimum investment amounts and requirements differ significantly by country. Citizenship by investment programs give wealthy individuals the chance to secure a second passport by making significant financial contributions. The requirements vary by country, but…
Saudi Arabia’s grand Vision 2030 ambitions may be colliding with a colder fiscal reality. Fitch Ratings warned Friday that Riyadh faces rising financial risks as oil prices soften and government spending balloons, threatening the kingdom’s plans for fiscal consolidation. The numbers tell the story: Saudi Arabia now expects a budget deficit equal to 5.3% of…
By Farooq A. Kperogi Although former President Goodluck Jonathan hasn’t formally declared his intention to run for president, President Bola Ahmed Tinubu appears to be already worked into a frenzy by the mere prospect of it, at least judging from the sensation of fright that drips from the statements of his spokespeople and close supporters.…
Amid rising global energy demand, oil prices could jump above $100 per barrel if Russia’s oil is pushed out of the market, Russian President Vladimir Putin said on Friday. “It's impossible to imagine that the loss of Russian oil volumes will preserve a normal situation in global energy and the economy,” Russian news agency Interfax quoted Putin…
A second citizenship not only means you have a back-up plan should the situation in your home country no longer suit you, it also opens up a world of opportunities for travel, business, education, and investment outside home borders. There are many routes to multiple citizenships including through ancestry and investment but today let’s look…
Nigeria's Petroleum Minister: Daily output has climbed to between 1.7 and 1.83 million barrels, while active rigs surged from 31 in January to 50 by mid-year. Aliko Dangote’s $20 billion, 650,000-bpd plant in Lagos—is mired in strikes, sabotage claims, and financial headaches. Nigeria’s top oil union launched a nationwide walkout after 800 refinery workers were…
Key Takeaways South Africa is the richest country on the continent, with 41,100 millionaires, 112 centi-millionaires ($100 million+ USD), and eight billionaires. The island nation of Mauritius has seen a 63% growth in its millionaire population over the past decade—the fastest overall. Similarly, Morocco has seen a significant jump of 40% to reach 7,500 millionaires…
By Owei Lakemfa I have, given my experience as a retired labour leader, journalist, patriot and human rights activist, risen in the last few weeks to defend the fundamental rights of workers in the oil industry. I did this because I cannot fold my hands as Dangote Plc dumps huge funds on the mass and…
Key Takeaways Fuel prices in Hong Kong rank as the highest globally, at $3.07 per liter in 2025. Several European cities rank among the world’s most expensive for gasoline, driven by energy supply shocks. Riyadh, Saudi Arabia has seen the fastest price increase since 2020 across 69 cities analyzed, with fuel costs up nearly 49%.…
