The New Diplomat

Oil Drops Below $60 on Gaza Ceasefire

The New Diplomat — Fri, 10 Oct 2025 17:35:37 +0000

WTI crude fell below $60 per barrel as easing Middle East tensions and weak China–U.S. sentiment erased much of oil’s geopolitical risk premium. Friday, October 10, 2025 The relatively successful implementation of the Israel-Gaza ceasefire deal has lowered geopolitical risk premiums in oil futures and sent front-month ICE Brent prices below $64 per barrel. The […]

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María Machado Dedicates Nobel Peace Prize to Trump

The New Diplomat — Fri, 10 Oct 2025 16:53:40 +0000

By Abiola Olawale María Machado, a Venezuelan democracy activist and winner of the 2025 Nobel Peace Prize, has dedicated her award to the President of the United States, Donald Trump. This comes after the Norwegian Nobel committee announced that Machado has clinched the 2025 Nobel Peace Prize, a decision the White House protested as “political”. […]

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“Don’t Rush to Confirm Amupitan’s Nomination as INEC Chairman,” PDP Tells Senate

The New Diplomat — Fri, 10 Oct 2025 16:50:18 +0000

By Abiola Olawale The Peoples Democratic Party (PDP) has called on the Senate to apply a measured approach for the confirmation of Professor Joash Ojo Amupitan as the new Chairman of the Independent National Electoral Commission (INEC). The PDP’s statement, issued Friday by its National Publicity Secretary, Debo Ologunagba, warned against hasty approval of President […]

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Jonathan Set to Meet Tinubu over Possible Release of Nnamdi Kanu

The New Diplomat — Fri, 10 Oct 2025 16:30:01 +0000

By Abiola Olawale Human rights activist and former presidential candidate, Omoyele Sowore has disclosed that former President Goodluck Jonathan is reportedly set to engage President Bola Tinubu on the continued detention of the leader of the Indigenous People of Biafra, Nnamdi Kanu. Sowore made this known following a meeting with Jonathan in Abuja on Friday, […]

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Labour Party, CSOs task new INEC Chairman, Prof. Amupitan, on transparency, integrity

The New Diplomat — Fri, 10 Oct 2025 16:27:44 +0000

By Obinna Uballa The appointment of Professor Joash Ojo Amupitan (SAN) as the new Chairman of the Independent National Electoral Commission (INEC) has continued to elicit strong reactions across Nigeria, with both the Labour Party (LP) and a coalition of civil society organizations (CSOs) calling for transparency, independence, and integrity in the handling of his […]

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UK Unveils Temporary Work Visas for Mid-Skilled Jobs to Tackle Labour Shortages

The New Diplomat — Fri, 10 Oct 2025 16:25:22 +0000

By Obinna Uballa The United Kingdom has announced a new temporary work visa pathway covering 82 mid-skilled occupations, including artists, human resource officers, carpenters, and plumbers, in a bid to fill growing labour shortages across key sectors of the economy. The move follows a new report released on Thursday by the Migration Advisory Committee (MAC), […]

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Trump Blasts Nobel Committee for ‘Choosing Politics Over Peace’ After Prize Snub

The New Diplomat — Fri, 10 Oct 2025 15:30:54 +0000

By Obinna Uballa The United States government has blasted the Norwegian Nobel Committee for what it described as a politically motivated decision after President Donald Trump was overlooked for the 2024 Nobel Peace Prize. In a strongly worded statement posted early Friday on X (formerly Twitter), White House Communications Director Steven Cheung accused the committee […]

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Federalism and Electoral Integrity: Bridging the Gap Between Nigeria and the USA

The New Diplomat — Fri, 10 Oct 2025 15:06:41 +0000

By Sonny Iroche In the tapestry of modern democracies, few threads are as intricate as federalism, the delicate balance of power between central authority and subnational entities. Nigeria, Africa’s most populous nation and a federal republic since its independence in 1960, has long modeled its governance after the United States, the cradle of modern federalism. […]

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Senate Issues Ultimatum to Finance Ministry to Submit 2024 Budget Performance Report

The New Diplomat — Fri, 10 Oct 2025 12:45:58 +0000

By Abiola Olawale The Nigerian Senate has handed the Finance Ministry a two-week deadline to deliver a detailed performance report on the 2024 budget. The New Diplomat reports that the directive emerged from a high-stakes closed-door meeting at the National Assembly between the Senate Committee on Finance and President Bola Tinubu’s economic team. Led by […]

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EFCC Arraigns former NSITF Boss for Alleged N1bn Fraud

The New Diplomat — Fri, 10 Oct 2025 12:38:23 +0000

The Economic and Financial Crimes Commission, EFCC, on Wednesday, arraigned a former board chairman of the Nigeria Social Insurance Trust Fund, NSITF, Ngozi Olejeme before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja. She was arraigned on 8- count charges bordering on converting, transferring, procuring and taking possession of proceeds of unlawful activity […]

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Why Uche Nnaji’s Ministerial Nomination Was Confirmed By Senate — Ndume Reveals

The New Diplomat — Fri, 10 Oct 2025 12:12:22 +0000

Why Uche Nnaji’s Ministerial Nomination Was Confirmed By Senate — Ndume Reveals By Abiola Olawale Senator Ali Ndume, the lawmaker representing Borno South Senatorial District of Borno State at the Senate has clarified the Nigerian Senate’s mandate in vetting presidential nominees. The lawmaker made this clarification after the resignation of Uche Nnaji as the Minister […]

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Ranked: Top 40 Jobs at Risk From AI

The New Diplomat — Fri, 10 Oct 2025 12:01:55 +0000

Key Takeaways Interpreters and translators had the highest job exposure to AI, along with several knowledge occupations. Passenger attendants and sales representatives also ranked in the top five most exposed. AI adoption is growing rapidly worldwide, with machines having a growing capability of performing work tasks that overlap with a number of occupations. It’s still […]

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Israel Withdraws Troops From Gaza as Ceasefire Begins

The New Diplomat — Fri, 10 Oct 2025 11:50:59 +0000

By Abiola Olawale The Israeli government has withdrawn its army forces from Gaza as a ceasefire officially begins on Friday. It was gathered that the Israeli army said that its troops had ceased fire at noon (0900 GMT) “in preparation for the ceasefire agreement and the return of hostages.” Israeli Prime Minister Benjamin Netanyahu’s office […]

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Zamfara Rakes In N358.9bn Revenue in 2024, Delivers 82% Budget Performance

Hamilton Nwosa — Fri, 10 Oct 2025 11:25:39 +0000

By Obinna Uballa The Zamfara State Government has reported a total revenue generation of N358.9 billion for the 2024 fiscal year, achieving 82 percent of its approved N437 billion budget target. The announcement was made on Thursday in Gusau by the State Auditor-General, Abubakar Danmaliki, during the presentation of the state’s 2024 Citizens Accountability Report. […]

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Makinde Throws Shade at Umahi over Coastal Highway

The New Diplomat — Fri, 10 Oct 2025 11:07:02 +0000

By Abiola Olawale Oyo State Governor Seyi Makinde has thrown shade at the Minister of Works, David Umahi, over failure to provide an answer on the average cost spent for the Lagos-Calabar Coastal Highway. Makinde, who spoke at an event in a viral video on Friday, said there was no need for the Minister of […]

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Venezuelan Democracy Activist María Corina Machado Wins Nobel Peace Prize, Trump Snubbed

The New Diplomat — Fri, 10 Oct 2025 10:15:21 +0000

By Obinna Uballa Venezuelan opposition leader and democracy campaigner, María Corina Machado, has been awarded the 2025 Nobel Peace Prize for her “tireless work promoting democratic rights for the people of Venezuela” and her “struggle to achieve a just and peaceful transition from dictatorship to democracy.” Machado, who has been in hiding since August 2024 […]

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UNILAG, UI Top 2026 Times World University Rankings in Nigeria

The New Diplomat — Fri, 10 Oct 2025 09:33:15 +0000

By Obinna Uballa The University of Lagos (UNILAG) has emerged as the highest-ranked university in Nigeria, alongside the University of Ibadan (UI), in the 2026 Times Higher Education (THE) World University Rankings released on Thursday, October 9, 2025. According to the global ranking, UNILAG and UI both placed in the 801-1000 band out of more […]

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Oil Prices Set for Moderate Dip on Gaza Ceasefire

The New Diplomat — Fri, 10 Oct 2025 08:53:54 +0000

Crude oil prices are on course for another weekly decline following the news of a ceasefire between the Israeli government and Hamas, which was ratified today by Tel Aviv. At the time of writing, Brent crude was trading at $64.90 per barrel, with West Texas Intermediate at $61.28, as the Middle East war premium vanished. “This (deal) saw the […]

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Farouk Lawan Thanks Tinubu After Receiving Presidential Pardon

The New Diplomat — Fri, 10 Oct 2025 08:48:04 +0000

By Abiola Olawale Farouk Lawan, a former member of the House of Representatives, has appreciated President Bola Tinubu for granting him a presidential pardon. The New Diplomat reports that on Thursday, Tinubu, during a National Council of State meeting, granted a presidential pardon to Lawan and several others. Among others are one of Nigeria’s founding […]

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Peru’s President Dina Boluarte Ousted After Corruption Scandals, ‘Nose Job’ Controversy Rock Govt

The New Diplomat — Fri, 10 Oct 2025 08:43:55 +0000

By Obinna Uballa Peru’s President Dina Boluarte has been removed from office following a late-night congressional vote that united lawmakers from across the political spectrum, bringing an abrupt end to her embattled presidency. Boluarte, who has faced months of investigations over bribery, abuse of power, and her alleged role in the deadly crackdown on 2022 […]

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Nigeria Gets Renewed Hope of World Cup Qualification Ahead of Lesotho Clash Today

The New Diplomat — Fri, 10 Oct 2025 08:41:15 +0000

By Obinna Uballa Nigeria’s hopes of qualifying for the 2026 FIFA World Cup have been reignited following the Confederation of African Football’s (CAF) decision to adjust the qualification criteria in response to Eritrea’s withdrawal from the ongoing campaign. The Super Eagles face Lesotho in a crucial World Cup qualifier scheduled for 5 p.m. local time […]

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$4.5bn: Court Admits More Evidence Against Emefiele

The New Diplomat — Thu, 09 Oct 2025 18:30:45 +0000

Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on October 9,2025, admitted more evidence against a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in an alleged $4.5bn fraud. Emefiele is standing trial on a 19-count charge bordering on receiving gratification and corrupt demand preferred against him by […]

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NEITI Warns of Deepening Transparency Crisis, Says Nigeria Lost $3.3bn to Oil theft, Sabotage

The New Diplomat — Thu, 09 Oct 2025 18:17:25 +0000

By Obinna Uballa Nigeria lost an estimated 13.5 million barrels of crude oil valued at $3.3 billion to theft and pipeline sabotage between 2023 and 2024, the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed. Executive Secretary of NEITI, Dr. Ogbonnaya Orji, disclosed this on Thursday at the 2025 Association of Energy Correspondents of Nigeria […]

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Oil Eases over 1.5% after Gaza ceasefire

The New Diplomat — Thu, 09 Oct 2025 18:11:03 +0000

Summary Israel and Hamas agree to Gaza ceasefire, return of hostages US oil product supplied highest since December 2022, EIA says Stalled peace talks in Ukraine underpin prices Oil prices edged slightly lower on Thursday after Israel and the Palestinian militant group Hamas signed an agreement to cease fire in Gaza. Brent crude futures were […]

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Details as Tinubu Grants Herbert Macaulay, Others Presidential Pardon

The New Diplomat — Thu, 09 Oct 2025 18:01:28 +0000

By Abiola Olawale President Bola Ahmed Tinubu has exercised his constitutional powers to grant presidential pardons to 175 individuals, including the revered Nigerian nationalist Herbert Macaulay. It was gathered that the development happened during the National Council of State that was held at the Presidential Villa on Thursday. Although the presidency has yet to release […]

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FG promises action as World Bank flags excessive revenue retention by FIRS, NCS, NUPRC, others

The New Diplomat — Thu, 09 Oct 2025 17:52:26 +0000

By Obinna Uballa The federal government has said there’s already a plan to curb the issue of excessive revenue retention by federal agencies. This is as the World Bank raised concerns over what it describes as the disproportionately high share of revenue retained by Nigeria’s major revenue-generating agencies compared to similar institutions across Africa. In […]

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What Will They Eat When They Finish The Money? By Azu Ishiekwene

The New Diplomat — Thu, 09 Oct 2025 16:44:05 +0000

The grave is never satisfied, but other things compete with it for insatiability. I can’t help feeling that some members of Nigeria’s National Assembly will vie for the top place of never enough with the grave, water and fire. Enough is a stranger to them. What happens in these chambers in Abuja, in the name […]

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Minimum Wages in 50 U.S. States & 35 Countries, Adjusted for Living Costs

The New Diplomat — Thu, 09 Oct 2025 16:30:41 +0000

Key Takeaways After adjusting for inflation and price differences, statutory minimum wages in leading high-income economies—including Germany, Australia, and France—are higher than all 50 U.S. states. Under the same metrics D.C., Connecticut, Washington, and Arizona have the highest statutory minimum wages in the U.S. U.S. states following the federal minimum wage (which hasn’t moved since 2008), cluster at […]

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Lagos Issues Two-Week Ultimatum to Trade Fair Developers to Secure Bui

The New Diplomat — Thu, 09 Oct 2025 16:00:28 +0000

By Abiola Olawale The Lagos State Government has handed property developers and structure owners at the Trade Fair Complex in Ojo a two-week deadline to obtain building approvals. The directive was announced by Dr. Oluyinka Olumide, Commissioner for Physical Planning and Urban Development, on Thursday. The Commissioner stated that during the time frame, the developers […]

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Tinubu mourns Christopher Kolade, describes him as “one of Nigeria’s intellectual treasures”

The New Diplomat — Thu, 09 Oct 2025 15:13:51 +0000

By Obinna Uballa President Bola Tinubu has paid glowing tribute to the late Dr Christopher Kolade, describing the respected broadcaster, diplomat, and corporate leader as one of Nigeria’s “intellectual treasures” and a man of “unimpeachable integrity.” Dr Kolade, aged 92, passed away on Wednesday. In a statement issued from the State House on Thursday, Tinubu […]

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