The International Monetary Fund (IMF) has said it will lower its global growth forecasts, citing the economic fallout from the ongoing Middle East war, and warning of lasting “scarring effects” despite a fragile ceasefire. IMF Managing Director Kristalina Georgieva said even under the most optimistic scenario, the global economy will not return quickly to pre-war…
By Ayomide Otitoju Nigeria’s crude oil production has risen sharply from a low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day, with a peak output of 1.84 million barrels per day recorded in 2025, the Nigerian National Petroleum Company Limited has said. Group Chief Executive Officer of…
Six months after a Gaza ceasefire took effect, the agreement has become increasingly overshadowed by a new and fragile truce linked to the Iran conflict, leaving key provisions of the original deal largely unimplemented. The ceasefire, which halted the most intense phase of fighting between Israeli forces and Hamas-led militants in the Gaza Strip, has…
By Ayomide Otitoju The Kebbi State Police Command says 44 people were killed following coordinated attacks on several communities in Shanga Local Government Area. The affected villages include Gebe, Kalkami, Kawara, Kasoshi, Awaye, Tungar Rini, Binuwa, and Dabe. In a statement issued on Friday, Police Public Relations Officer, Bashir Usman, said the command had launched…
By Ayomide Otitoju Tragedy struck Igunshin community in Akure North Local Government Area of Ondo State on Thursday, as gunmen attacked a poultry farm, killing a woman and her daughter. According to local sources, about five armed assailants stormed the farm around 1:00 p.m., scaling the perimeter fence before launching the attack while the victims…
By Ayomide Otitoju Pope Leo XIV is set to embark on an 11-day tour of Africa beginning Monday, marking his first major international trip since ascending to the papacy last year. The visit will take the 70-year-old pontiff across Algeria, Cameroon, Angola, and Equatorial Guinea, covering more than 18,000 kilometres. The trip, scheduled to run…
By Ayomide Otitoju At least eight persons have been killed in a late-night attack by gunmen on Mbwelle village in Bokkos Local Government Area of Plateau State. The assailants reportedly invaded the community around 11 p.m. on Thursday, opening fire on residents in a shooting that lasted nearly an hour. The victims were said to…
By Ayomide Otitoju The African Democratic Congress (ADC), led by David Mark, has approached the Federal High Court in Abuja seeking an order compelling the Independent National Electoral Commission (INEC) to reverse recent changes made to the party’s leadership records on its portal. In a motion on notice filed before Justice Emeka Nwite, the party…
By Ayomide Otitoju African Export-Import Bank (Afreximbank) and its subsidiaries have announced robust financial results for the year ended 31 December 2025, highlighting sustained growth, market confidence, and strategic execution. Total assets and contingencies rose 21% to US$48.5 billion, up from US$40.1 billion in 2024, while net loans and advances increased 16% to US$33.5 billion,…
