The New Diplomat

Israel-Iran War: How FG ‘ll Benefit As Oil Prices Surge to $78.50 Per Barrel

The New Diplomat — Sat, 14 Jun 2025 12:52:08 +0000

Experts: Inflation Looms By Abiola Olawale Global oil prices have soared to $78.50 per barrel, a development which has surpassed Nigeria’s 2025 budget benchmark of $75 per barrel. This unexpected rise, triggered by heightened geopolitical tensions in the Middle East, will now be financially beneficial to Nigeria and other oil producing countries whose budgets were […]

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Ojudu: It would be unrealistic to expect magnanimity from a sitting President toward individuals openly critical of his policies

The New Diplomat — Sat, 14 Jun 2025 12:17:20 +0000

*Democracy, Conviction and the True Meaning of Honour In recent days, there has been considerable public reaction to the list of honorees announced by President Bola Ahmed Tinubu in commemoration of Democracy Day. Understandably, questions have been raised about the omission of some individuals who paid dearly in the struggle for democratic governance in Nigeria.Investment […]

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Intimate Affairs: This is about laid-back husbands, by Funke Egbemode

The New Diplomat — Sat, 14 Jun 2025 12:11:27 +0000

She married down, below her needs, wants and vision for the future. She was already a nurse in the state hospital when she met Dare. All Dare had was a fine face, great physique and creative hands. She was ambitious. He was not. She believed in setting goals and burning her candles at both ends […]

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Charting the Global Economy: Israeli Airstrikes Boost Oil Prices

The New Diplomat — Sat, 14 Jun 2025 12:03:44 +0000

Crude oil prices surged and investors sought the safety of gold after Israel conducted airstrikes on Iranian atomic facilities involved in nuclear enrichment. Economic data in the US showed underlying inflation in May rose by less than forecast for a fourth straight month, while producer price inflation remained muted. While Federal Reserve will likely keep […]

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Which Country Has The Largest Oil Refinery In The World?

The New Diplomat — Sat, 14 Jun 2025 11:44:51 +0000

Crude oil is a naturally occurring liquid fossil fuel, an unrefined petroleum product composed primarily of hydrocarbons, along with some sulphur, nitrogen, and oxygen. It is found in underground reservoirs. Crude oil is also referred to as ‘petroleum,’ or ‘black gold,’ or simply ‘oil.’ Crude oil is formed from the remains of ancient marine organisms […]

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Presidency Slams National Honours List Featuring Innoson, Tunde Bakare, Aisha Yesufu, 33 Others

The New Diplomat — Sat, 14 Jun 2025 11:35:05 +0000

Says Viral List is Fake By Abiola Olawale The Nigerian Presidency has debunked a viral list circulating online, claiming that prominent figures like Innoson Motors Chief Executive Officer (CEO) Innocent Chukwuma, Pastor Tunde Bakare, activist Aisha Yesufu, and 33 other Nigerians were recipients of the 2025 National Honours. The Presidency labeled the report as “fake […]

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Agony As Lagos Local Govt Boss, Musibau Asafa, Dies at 68 of Prolonged Illness

The New Diplomat — Sat, 14 Jun 2025 11:31:51 +0000

By Abiola Olawale Lagos State is in mourning as Prince Musibau Adekunle Asafa, the Chairman of Oto-Awori Local Council Development Area (LCDA), has passed away at 68 following a prolonged illness. Asafa’s demise was confirmed in a statement issued on Saturday by his Chief Press Secretary, Bodunrin Ayodele. The New Diplomat reports that Asafa’s passing […]

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Okpebholo, Ifeanyi Uba’s Seats: Groups Blast INEC Over Stalled Bye-Elections

The New Diplomat — Sat, 14 Jun 2025 11:26:29 +0000

By Abiola Olawale Concerns have begun to emerge as the Independent National Electoral Commission (INEC) has continued to delay bye-elections for eight vacant National Assembly seats. The delay has left a total of eight constituencies without a voice at the National Assembly. The New Diplomat reports that since the inauguration of both the Senate and […]

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Nigerian Govt Calls for Cessation as Iran-Israel War Escalates

The New Diplomat — Sat, 14 Jun 2025 11:22:57 +0000

By Abiola Olawale The Federal Government of Nigeria has issued an appeal for restraint as the escalating conflict between Iran and Israel teeters on the brink of a full-scale war in the Middle East. This appeal was contained in a press statement issued on Saturday by the spokesperson for the Ministry of Foreign Affairs, Kimiebi […]

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Full-Scale War Erupts: Iran Unleashes Counterstrikes on Israel

The New Diplomat — Fri, 13 Jun 2025 19:58:13 +0000

Oil Price May Hit $90 pb By Abiola Olawale The Middle East stands on the brink of chaos as Iran has launched a ferocious barrage of ballistic missiles targeting Israel, escalating a simmering conflict into a full-scale war. The counterstrikes, described by Iran’s state media as a “crushing response,” come in retaliation for Israel’s massive […]

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EFCC arraigns Sun Trust Bank MD, ED for alleged $12m fraud

The New Diplomat — Fri, 13 Jun 2025 18:39:49 +0000

The Economic and Financial Crimes Commission (EFCC) on Friday, June 13, 2025, arraigned two senior executives of SunTrust Bank—Halima Buba, Managing Director and Chief Executive Officer, and Innocent Mbagwu, Executive Director and Chief Compliance Officer—on charges of money laundering totaling $12 million. The arraignment took place before Justice Emeka Nwite of the Federal High Court […]

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Ngũgĩ wa Thiong’o belonged to an age of prophets – we must honour his teaching

The New Diplomat — Fri, 13 Jun 2025 18:33:05 +0000

Growing up in post-independence Nigeria in the 1970s, at home you always had access to the Bible if you were Christian, or the Qur’an if you were Muslim, along with books in the Heinemann African Writers Series. Things Fall Apart by Chinua Achebe was a staple, and the plays of Wole Soyinka: The Lion and […]

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Sowore Warns: Why I ‘ll Sue Tinubu If He Puts My Name on National Honours List

The New Diplomat — Fri, 13 Jun 2025 18:24:20 +0000

By Abiola Olawale Popular human rights activist and publisher Omoyele Sowore has vowed to drag President Bola Tinubu to court if his name is included in any national honours list. Sowore, the #RevolutionNow convener and former African Action Congress presidential candidate made this explosive statement on Friday, June 13, 2025, via his social media platforms. […]

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Airport Incident: My Story, By Adams Oshiomhole

The New Diplomat — Fri, 13 Jun 2025 16:39:42 +0000

His words: “I booked Air Peace… They delayed the flight for over five hours. In the end, they announced a cancellation. I had to get another ticket. Yesterday, I booked a flight for 6:30 a.m., which is their first flight today. I booked and asked them to check me in online, which I did, along […]

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Israel vs Iran: Trump Talks Tough, Warns Iran to ‘Make a Deal Now!’

The New Diplomat — Fri, 13 Jun 2025 16:21:36 +0000

By Abiola Olawale United States President Donald Trump has issued a stern warning to Iran, declaring that the country must enter a deal with the US. Trump, in a strongly worded statement issued on Friday, said that Israel’s next round of attacks on Iran would be “even more brutal” if the country fails to enter […]

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Nigeria, Ghana, 51 Others Make List As China Announces Zero-Tariff Scheme for African Countries

The New Diplomat — Fri, 13 Jun 2025 16:14:27 +0000

By Abiola Olawale The Chinese Government has announced plans to implement a trade policy that would see 53 African countries enjoy zero-tariff access to its country. It was gathered that the development is part of a move to solidify economic cooperation within the Forum on China-Africa Cooperation (FOCAC) framework. The zero-tariff access is set to […]

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Saraki Warns, Says National Assembly is Regressing

The New Diplomat — Fri, 13 Jun 2025 16:04:25 +0000

By Abiola Olawale A former President of the Senate, Senator Bukola Saraki has raised a piercing alarm, warning that Nigeria’s National Assembly is regressing. Saraki, in a statement issued to commemorate the 26 years of uninterrupted democracy in the country, said the current legislative body is losing its edge and drifting into inefficiency, complacency, and […]

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BREAKING! Oil Prices Rise to $75 Per barrel As Iran-Israel Crisis Worsens

The New Diplomat — Fri, 13 Jun 2025 14:32:26 +0000

By Abiola Olawale Global oil markets are on edge as oil prices have begun to soar following the ongoing conflict between Iran and Israel. According to reports, Brent crude has soared by 7%, reaching close to $75 per barrel, marking the largest single-day jump since March 2022. The development comes amid an escalating crisis, fueled […]

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Oil Forecasters Rush to Revise Outlooks as Israel-Iran Conflict Escalates

The New Diplomat — Fri, 13 Jun 2025 14:13:47 +0000

Analysts warn of oil prices spiking to $80 or more if Iran retaliates harshly or blocks the Strait of Hormuz following Israeli strikes on its military infrastructure. Iran has already responded with drone strikes, escalating fears of broader conflict and impacting oil market forecasts. While tensions are high, many analysts believe a full-scale war is […]

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UN Sec-Gen Guterres, Rubio, China, India Saudi Arabia, Others react to Israel’s Deadly attacks on Iran

The New Diplomat — Fri, 13 Jun 2025 14:04:24 +0000

Iran Says, Israel has Sealed Bitter Destiny By Abiola Olawale Israel’s airstrikes on Iran’s nuclear facilities on June 13, 2025, have ignited a firestorm of reactions from global powerhouses and leaders. United Nations Secretary-General António Guterres and United States Secretary of State Marco Rubio are among the first leaders to react to the airstrikes that […]

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FG Orders Probe into Explosive Air Peace-Oshiomhole Airport Showdown

The New Diplomat — Fri, 13 Jun 2025 13:58:35 +0000

By Abiola Olawale The Minister of Aviation and Aerospace Development, Festus Keyamo, has launched a full-scale investigation into the dramatic confrontation between Air Peace and Senator Adams Oshiomhole, the lawmaker representing Edo North Senatorial District of Edo State at the Senate. Keyamo, in a press statement issued on his official X handle, confirmed his direct […]

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[VIDEO] Air India’s Plane Crash: Lone Survivor Finally Speaks, Narrates How Deadly Details Of Crash

The New Diplomat — Fri, 13 Jun 2025 12:44:10 +0000

By Abiola Olawale The lone survivor of the catastrophic Air India plane crash in Ahmedabad, India, identified as Vishwash Kumar Ramesh has finally broken his silence from the hospital where he is receiving medical care. Ramesh, a 40-year-old passenger seated on 11A, is the only survivor of a disaster that shattered families and stunned the […]

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Netanyahu Vows to Crush Iran Over Nuclear Ambition, Unleashes Deadly Strikes

The New Diplomat — Fri, 13 Jun 2025 11:23:58 +0000

By Abiola Olawale Prime Minister of Israel, Benjamin Netanyahu has vowed to crush Iran over “nuclear ambitions” against his country. Netanyahu made this declaration after Israel launched a series of airstrikes on Iran’s nuclear and military facilities. Netanyahu, in a fiery televised address, said that the operation which is dubbed “Rising Lion”, is a critical […]

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A tribute to Uncle Sam at 90, By Azu Ishiekwene

The New Diplomat — Fri, 13 Jun 2025 04:52:56 +0000

I encountered the relic of his presence long before I met Sam Amuka, known as Uncle Sam. Inside a room in the far corner of the old Kudeti PUNCH building, predominantly constructed of plywood and steel frames, there was a wooden armchair that had been a fixture in Uncle Sam’s office when he served as […]

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NNPCL: Ojulari Announces N5.89trn Revenue, Releases Performance Report

The New Diplomat — Fri, 13 Jun 2025 04:42:09 +0000

By Kolawole Ojebisi The Nigerian National Petroleum Company Ltd(NNPCL) has released a summary of its monthly Performance report for the month of April, 2025. This development is coming barely two months after Bayo Ojulari tool over the leadership position of the NNPCL as the firm’s Group Chief Executive Officer(GCEO). The company, in its report, claimed […]

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Modi, Starmer, Others Mourn as Air India Plane Crash Kills Over 226 Passengers

The New Diplomat — Fri, 13 Jun 2025 04:37:07 +0000

By Abiola Olawale Indian Prime Minister Narendra Modi and United Kingdom (UK) Prime Minister Keir Starmer, among other global leaders, have mourned the death of over 226 individuals after an Air India 787 Dreamliner, Flight AI171, bound for London Gatwick, crashed on Thursday. The catastrophic incident, one of the deadliest in India’s aviation history, has […]

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Rivers Crisis: You’re Enabling Autocracy, military-Style Suppression, Dickson Tells Tinubu

The New Diplomat — Fri, 13 Jun 2025 04:30:04 +0000

By Kolawole Ojebisi The lawmaker representing Bayelsa West, Senator Seriake Dickson, has criticised President Bola Tinubu for his silence over what he described as a “constitutional aberration” unfolding in Rivers State in his Democracy Day speech Dickson accused the Tinubu administration of enabling a creeping “military-style suppression of democracy.” for failing to address the emergency […]

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Air India crash: What may have gone wrong? A commercial pilot’s first analysis

The New Diplomat — Thu, 12 Jun 2025 16:30:08 +0000

There is speculation of right rudder input, which could indicate a left engine failure A plausible scenario is that the landing gear became stuck Early analysis of flight visuals from the ill-fated Air India AI171, which crashed shortly after takeoff from Ahmedabad, has raised serious questions about the aircraft’s configuration and possible technical malfunctions during […]

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National Assembly Designates June 12 as Nigeria’s Annual Presidential Address Day

The New Diplomat — Thu, 12 Jun 2025 16:20:59 +0000

By Abiola Olawale The National Assembly (NASS) has officially adopted June 12 as the annual day for Nigeria’s President to deliver a national address to a joint session of the legislature. The decision was finalized during a special Democracy Day sitting on June 12, 2025, Presiding over the joint session, the President of the Senate, […]

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Oil Prices Dip but Bullish Sentiment Remains

The New Diplomat — Thu, 12 Jun 2025 16:13:30 +0000

Crude oil prices dropped back slightly on Thursday, after jumping by 4% on Wednesday to hit the highest in two months on the news that the U.S. was pulling out its staff from the embassy in Baghdad. The drop was driven by profit-taking, but bullish sentiment remains. At the time of writing, Brent crude was […]

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