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Elizabeth Williams

President Buhari Reverses Authorization Of Seplat’s Exxonmobil Asset Purchase

Nigeria’s President Muhammadu Buhari has reversed authorisation of Seplat Energy's takeover of ExxonMobil's shallow water business in Nigeria, intervening instead behind the regulator's $1.3...

Gas Prices Dip Just Below $4 For First Time In Five Months

Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who...

Pressure Grows On German Chancellor Over Tax Evasion Scam Ties

Germany’s main opposition party has called on Chancellor Olaf Scholz to explain his role in a large-scale tax while he was mayor of Hamburg. Scholz...

China Blocks Taiwan Imports, Includes Sand For Semiconductor Manufacturing

China blocked imports of citrus and fish from Taiwan in retaliation for a visit by Nancy Pelosi, a top American lawmaker, to the self-ruled...

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US And Saudi Arabia Sign Landmark Civilian Nuclear Agreement

The United States and Saudi Arabia have announced a landmark agreement to establish a civilian nuclear programme in the kingdom, a move expected to strengthen bilateral ties while drawing scrutiny over its potential impact on regional security. The agreement, unveiled on Wednesday, is expected to create billions of...

Nigeria’s External Reserves Hit $52.5bn As Import Cover Improves

Nigeria’s gross external reserves have climbed to $52.52 billion, enough to cover approximately 11 months of imports, according to the Central Bank of Nigeria (CBN). CBN Governor Olayemi Cardoso disclosed this on Tuesday after the 306th Monetary Policy Committee (MPC) meeting in Abuja. The announcement came as the committee...

DSS To Appeal Life Sentences For Oriire Abduction Convicts

The Department of State Services (DSS) has announced plans to challenge the life imprisonment sentences handed to three men convicted over their involvement in the abduction of school pupils and teachers in Oriire Local Government Area of Oyo State. The DSS said it is dissatisfied with the judgment,...