Recent falling oil prices are delaying a deal by Nigeria and Saudi Arabian oil company, Aramco, as both parties struggle to reach an agreement on a record $5 billion oil-backed loan. Banks that were expected to back the deal, four sources told Reuters, are raising concerns over the current situation of the oil market, the…
The World Bank has declared that trade tensions which have been triggered by the United Sates President, Donald Trump, and policy uncertainty were expected to drive global growth down in 2025 to its slowest pace since 2008, outside of outright global recessions. According to the World Bank’s latest Global Economic Prospects report, the turmoil has…
The Abuja Division of the Court of Appeal has struck out two motions filed by the President of the Senate, Godswill Akpabio, in an appeal over the suspension of Kogi Central Senator, Natasha Akpoti-Uduaghan, from the Senate. In striking out the motions, the appellate court, presided over by Justice Hamman Barka, also awarded the sum…
Crypto Bridge Exchange (CBEX), a Ponzi scheme that disappeared with subscribers’ funds earlier in the year, restored depositors’ balance on Tuesday amidst intensified investigation by the Nigerian authorities. The Wyre recalls that the Economic and Financial Crimes Commission (EFCC) launched investigations into the disappearance of deposits by Nigerians with a pledge to recover the losses….
England slumped to their first defeat under Thomas Tuchel as Senegal secured a fully deserved victory in the friendly at the City Ground.Tuchel’s side laboured badly throughout and were second best to an impressive opposition, who became the first African team to beat England. A frustrating night for England had begun well for them as…
Brazil’s former President Jair Bolsonaro has denied his involvement in an alleged plot to overthrow the country’s current president, Luiz Inácio Lula da Silva. Speaking for the first time in court, Bolsonaro, who ruled the country between 2019 and 2022, said a coup was an “abominable thing” and there was “never even a possibility of…
Ten people have been killed in a school shooting in the Austrian city of Graz, in what is the deadliest gun attack in the country’s recent history. Police said the 21-year-old gunman, a former student, took his own life in a school bathroom shortly after. The incident took place at Dreierschützengasse secondary school in the…
A second round of direct peace talks between Russia and Ukraine have ended without a major breakthrough, and only an agreement between the warring sides to swap more prisoners of war.Ukrainian negotiators said Russia had again rejected an “unconditional ceasefire” – a key demand by Kyiv and its allies in Europe and the US. The…
A Ukrainian drone attack has destroyed more than 40 Russian planes deep in Russia’s territory, Ukraine’s Security Service said on Sunday, while Moscow pounded Ukraine with missiles and drones just hours before a new round of direct peace talks in Istanbul. A military official, who spoke with the Associated Press on condition of anonymity to…
A “mass casualty influx” of people, many with gunshot or shrapnel wounds, was received at a Red Cross field hospital in southern Gaza, the organisation said, following disputed reports about an incident near an aid distribution centre in Rafah. The International Committee of the Red Cross (ICRC) said 21 people were “declared dead upon arrival”…
