US, Iran Exchange Fresh Strikes as Gulf Tensions Escalate
By Zainab Bakare Iran has launched fresh attacks on US military bases in several Gulf states, while the United States carried out overnight airstrikes on multiple targets across Iran, raising fears of a wider regional conflict. Tehran said its latest strikes targeted US-linked facilities in Jordan, Kuwait and Bahrain, despite an earlier agreement aimed at […]
US House Backs Bill to Cut All Aid to Nigeria
By Zainab Bakare The United States House of Representatives has approved an amendment that would increase the proposed withholding of US assistance to Nigeria from 50 percent to 100 percent until the Nigerian government takes what lawmakers describe as effective steps to prevent violence, protect citizens and hold perpetrators accountable. The amendment was sponsored by […]
Nigeria, US Deepen Security, Trade Ties
By Zainab Bakare Nigeria and the United States have reaffirmed their commitment to deepening bilateral relations, with both countries pledging closer cooperation in security, trade, investment and regional stability. The commitment was made on Monday in Abuja during a meeting between the Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, and the United States […]
China Restricts Exports to 10 US Firms Over Washington’s Blacklist
By Oluwakemi Kindness China has imposed export restrictions on 10 U.S companies involved in defence and rare earths mining, escalating tensions with Washington over trade and national security issues. The move comes after the United States added 80 Chinese companies and subsidiaries to a blacklist, alleging links to China’s military. The list includes major firms […]
EU Hails US-Iran Deal to End Conflict
By Oluwakemi Kindness European Council President, Antonio Costa has welcomed the reported agreement between the United States and Iran to end the ongoing conflict in the Middle East, describing it as a positive step toward regional stability and lasting peace. In a post on X on Monday, Costa said he looked forward to an end […]
UK to Ban Social Media Access for Under-16s
By Zainab Bakare British Prime Minister, Keir Starmer has announced plans to ban children under the age of 16 from accessing social media platforms, saying the sites are harming young people’s wellbeing and exposing them to dangerous content. Speaking on Monday, Starmer said the government would introduce legislation to prohibit under-16s from using major social […]
Brent Climbs Above $94 as US-Iran Conflict Escalates
By Oluwakemi Kindness Oil prices rose more than three per cent on Monday after the United States and Iran exchanged fresh strikes while negotiations to end the more-than-three-month-old Middle East war continued. Brent crude, the benchmark for two-thirds of the world’s oil, climbed 3.33 per cent to $94.15 a barrel by 12:04pm UAE time. West […]
Trump Hails Trade Deals After Meeting Chinese President Jinping
US President Donald Trump says his meeting with Chinese President Xi Jinping in Beijing has produced major trade agreements and progress on key global issues. Trump made the remarks after holding talks and taking a walk with Xi at Zhongnanhai, the Chinese leadership compound in Beijing. He described the visit as productive and beneficial to […]
Trump Nominates Former Fed Governor Warsh as Next Central Bank Chief
By Sofiat Adenekan-Abdul US President Donald Trump has announced that he will nominate Kevin Warsh, a former Federal Reserve governor, to lead the US central bank. The move follows months of speculation over who would succeed current Federal Reserve Chair Jerome Powell, whose term ends in May. Trump has repeatedly criticised Powell for failing to […]
Cardoso Reaffirms Nigeria’s Commitment to Macroeconomic Stability, Transparent Markets
By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed Nigeria’s commitment to macroeconomic stability, rules-based economic management and transparent markets. Cardoso made this known while engaging senior business leaders and institutional investors at the U.S.–Nigeria Executive Business Round table in Washington, D.C. He underscored Nigeria’s reform agenda and […]