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Ghana Moves To Cut Fuel Taxes As Global Oil Prices Surge

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The government of Ghana has announced plans to remove several fuel-related taxes and levies in a bid to ease pressure on consumers facing rising petrol prices driven by global oil market disruptions linked to the Middle East conflict involving Iran.

A spokesperson for the government, Felix Kwakye Ofosu, confirmed that the tax cuts will take effect within a week. The decision follows sharp increases in fuel prices that have placed additional strain on households and transport operators across the country.

The government said the specific taxes and levies to be removed are still under review and will be finalized after consultations with industry stakeholders. Officials added that the suspension is expected to last for an initial period of four weeks before being reassessed depending on global market conditions.

Ghana, which imports about 70% of its refined petroleum products, has been heavily affected by the recent spike in global oil prices. The increases have been linked to geopolitical tensions and supply disruptions stemming from the ongoing Iran-related conflict in the Middle East.

According to the National Petroleum Authority, petrol prices rose by around 15% in early April, reaching approximately 13.30 cedis per litre, while diesel prices increased by nearly 19% to about 17.10 cedis per litre. These hikes have significantly impacted transport costs and general inflation in the country.

Authorities in Accra stated that the recent surge in fuel prices is primarily due to external factors rather than domestic policy decisions. Officials specifically pointed to the Iran conflict as the key driver behind the volatility in global crude oil markets.

The government has emphasized that it is working to shield citizens from the worst effects of international energy shocks while maintaining fiscal stability. However, it acknowledged that continued global instability could make sustained relief measures difficult.

In addition to tax cuts, the government has instructed the transport ministry to accelerate the rollout of newly acquired Metro Mass Transit buses along major commuter routes.

The buses are expected to operate at lower fares than private transport operators, providing an affordable alternative for commuters affected by rising fuel costs. Authorities say the measure is aimed at reducing the immediate economic burden on urban and peri-urban residents.

Ghana’s decision to suspend fuel taxes highlights the growing pressure African economies face from global energy shocks. As international conflicts continue to influence oil prices, governments across the continent are increasingly forced to balance fiscal policy with urgent cost-of-living relief measures for citizens.

Musk’s SpaceX Pushes South Africa To Rethink Black Ownership Rules

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Elon Musk’s company SpaceX is intensifying efforts to change South Africa’s Black ownership regulations, as it seeks approval to launch its Starlink satellite internet service in the country. The move has sparked debate over economic transformation policies and foreign investment.

According to Bloomberg’s report, SpaceX has formally urged South African authorities to allow an alternative to existing ownership laws. The company proposed an “equity-equivalent” model, which would let it invest in infrastructure and digital access projects instead of selling shares to local Black investors.

This proposal is central to SpaceX’s plan to introduce Starlink, its satellite-based broadband service designed to expand high-speed internet access, especially in underserved regions.

South Africa’s telecommunications laws, rooted in its Broad-Based Black Economic Empowerment (B-BBEE) framework, require foreign-owned companies to allocate 30% of local equity to historically disadvantaged groups.

The policy was introduced to address economic inequalities created during apartheid, but companies like SpaceX argue it presents a major barrier to entry.

In response to industry pressure, South Africa’s communications ministry has moved to review the rules. A policy directive published in 2025 proposed allowing investment-based alternatives to count toward empowerment goals instead of strict equity transfers.

Officials say the change is not designed specifically for SpaceX but aims to create a more flexible regulatory environment for all foreign telecom operators while still maintaining transformation objectives.

The proposed changes have triggered political resistance. Some lawmakers have called for the withdrawal of the directive, arguing it could weaken transformation policies and disproportionately benefit large foreign firms.

At the same time, the government maintains that reforms could boost investment, improve connectivity, and expand internet access in rural communities.

Musk has been outspoken on the issue, previously criticizing South Africa’s ownership laws and claiming they prevent Starlink from operating in the country. However, officials have rejected this interpretation, stating that compliance with local regulations, not race, is the determining factor for licensing.

The standoff highlights a broader dilemma for South Africa: balancing post-apartheid economic transformation policies with the need to attract global technology investment. As negotiations continue, the outcome could reshape how foreign companies operate in one of Africa’s largest markets and determine whether Starlink finally enters the country.

BVN: Key Things You Should Know About the New Rule

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The Central Bank of Nigeria has introduced a stricter compliance directive on the use of the Bank Verification Number (BVN), reinforcing its earlier regulations on identity verification across Nigeria’s banking system.

The updated rule, which began phased enforcement in 2024 and is being intensified through 2025 into 2026, mandates that all bank accounts must be linked to a valid BVN, with accurate and verifiable customer information, or face transaction restrictions. The directive also empowers financial institutions to freeze, restrict, or flag accounts that fail to meet BVN and Know Your Customer (KYC) requirements, as part of broader efforts to combat fraud, money laundering, and illicit financial flows.

What is BVN and Why It Matters

The Bank Verification Number (BVN) is an 11-digit unique identifier issued by the Central Bank of Nigeria in partnership with the Nigeria Inter-Bank Settlement System.

It links all accounts owned by an individual and helps to:

  • Prevent identity theft and fraud
  • Strengthen banking security
  • Enable monitoring of suspicious transactions

Full Breakdown of the New Rule

The directive introduces a comprehensive set of requirements:

  • Compulsory BVN linkage
    Every bank account must be linked to a valid BVN. Accounts without BVN will be restricted from full operations.
  • Strict data matching across accounts
    Names, dates of birth, and biometric details must be consistent across all accounts linked to a BVN.
  • Enhanced KYC compliance
    Banks must carry out deeper identity verification, including biometric validation where necessary.
  • Account restriction and freezing powers
    Non-compliant accounts may be:
    • Restricted from withdrawals and transfers
    • Temporarily suspended
    • Fully frozen in severe cases
  • Mandatory customer data updates
    Customers are required to correct any discrepancies in their records or risk losing access to banking services.
  • Monitoring and reporting obligations for banks
    Financial institutions must flag suspicious accounts and report them to regulators.

Why the Rule Was Strengthened

The Central Bank of Nigeria says the updated enforcement is designed to:

  • Curb the increasing cases of financial fraud and cybercrime
  • Strengthen anti-money laundering frameworks
  • Improve transparency in financial transactions
  • Align Nigeria with global banking compliance standards

What This Means for Nigerians

For bank customers, the implications are clear:

  • You must have a valid BVN linked to all accounts
  • Your personal details must be accurate and consistent
  • Non-compliance could limit or block access to your funds

What You Should Do Now

To stay compliant:

  • Confirm your BVN is linked to all your accounts
  • Update incorrect personal details immediately
  • Contact your bank or use digital channels for verification

Looking Ahead

With enforcement tightening, the BVN framework is becoming even more central to Nigeria’s financial system. The latest directive signals a firm push by regulators toward a safer, more transparent banking environment, placing greater responsibility on both banks and customers to comply.

Dozens Killed As Heavy Rains Trigger Deadly Floods Across Angola

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Dozens of people have died and tens of thousands have been affected after torrential rains caused severe flooding in Angola, the BBC reports. The disaster, which began over the weekend, has overwhelmed rivers and drainage systems in multiple provinces, submerging homes, cutting off roads and disrupting infrastructure across the country.

According to emergency services and civil protection authorities, at least 29 people have been confirmed dead in the capital province of Luanda and the coastal province of Benguela, where the downpours were most intense. In Luanda alone, six people lost their lives and one was reported missing, while Benguela accounted for the majority of fatalities, with 23 deaths recorded. Local broadcaster Radio Solidária later reported additional fatalities in Cuanza‑Sul province, raising the toll further.

More than 34,000 people are estimated to have been affected by the flooding, with thousands forced from their homes after waters surged through residential areas. Floodwaters damaged roads and key infrastructure, including bridges, and caused trees and utility poles to fall, hampering early rescue and relief operations. In one incident, a bridge pillar over the Hâlo River collapsed, disrupting traffic between Benguela and Huambo provinces.

President João Lourenço has expressed his condolences to affected families, describing the situation as a “race against the clock” to find survivors, evacuate residents, and provide medical care to the injured. State agencies, including the Civil Protection and Fire Service, are coordinating search and rescue missions and distributing emergency aid, including food and clean water, to flood‑hit communities.

Flooding of this scale is common during Angola’s rainy season, which typically runs from October to May. However, authorities and weather experts say that unusually heavy rainfall in recent years, influenced by broader climate trends, has increased the frequency and intensity of such events, placing greater strain on river basins and urban drainage systems.

The disaster echoes past years in which severe storms have led to widespread disruption and loss of life in Angola and other parts of southern Africa, underscoring the region’s vulnerability to extreme weather events during peak rainfall periods.

Nigeria Launches Mass Trial Of 500 Suspected Terrorists

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Nigeria has initiated one of its largest-ever terrorism trials, with over 500 individuals accused of involvement in militant attacks appearing in court. The suspects face charges ranging from aiding and abetting terrorism to providing logistical and financial support for attacks, primarily in the country’s north-east.

The mass trial began on Tuesday at a high court in Abuja, where 227 suspects were arraigned before a panel of 10 judges, according to Attorney General Lateef Fagbemi. This marks a significant effort by the Nigerian government to address longstanding security challenges in the region, particularly those associated with the Boko Haram insurgency, which began 17 years ago.

In recent years, violence linked to militant groups and kidnapping gangs has spread across northern and western Nigeria. AFP reports that at least 20 people were killed on Wednesday in Niger State when gunmen raided villages in the Shiroro district, an area notorious for attacks by Islamist militants and criminal gangs.

Security was heightened during the court proceedings, with suspects transported under tight military, police, and intelligence supervision. International observers, including human rights organizations and the Nigerian Bar Association, were also present. Among the accused, five have already received sentences ranging from seven to 20 years after pleading guilty to supplying food, livestock, and intelligence to militant groups.

Attorney General Fagbemi emphasized that the trial demonstrates the government’s commitment to due process in tackling terrorism. Retired army major and security expert Bashir Galma described the proceedings as a “positive development” and a “significant milestone” in Nigeria’s fight against terrorism. He added that the trial could help restore public confidence, ensuring that suspects are no longer held indefinitely without facing justice.

While the trial is expected to continue in phases, some defendants may be considered for release due to the length of time since their arrest, experts suggest. Nonetheless, the proceedings signal a decisive step by the Nigerian government to hold individuals accountable for acts of terror that have devastated communities for nearly two decades.

Gambia Appoints British Barrister To Prosecute Jammeh-Era Killings

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Gambia has taken a decisive step toward justice for victims of former President Yahya Jammeh’s 22-year regime by appointing British barrister Martin Hackett as the country’s first special prosecutor to handle cases of human rights abuses committed during Jammeh’s rule.

Hackett will lead a newly established office tasked with prosecuting individuals responsible for widespread repression, extrajudicial killings, and enforced disappearances that marked Jammeh’s tenure, which ended when he went into exile in 2017.

Truth Commission Findings Drive Action

The Truth, Reconciliation and Reparations Commission (TRRC), created to document Jammeh-era abuses, submitted its final report to current President Adama Barrow in 2021. The commission identified the most responsible perpetrators and recommended their prosecution, while also calling for reparations to be paid to victims.

While the TRRC has begun phased compensation payments — starting with victims targeted shortly after Jammeh’s 1994 coup — many survivors have emphasized that accountability and justice remain their top priority. Among the most notorious cases highlighted by the commission were the 2004 assassination of journalist Deyda Hydara and the killing of over 50 primarily West African migrants falsely accused of plotting a coup.

International Precedent and Domestic Accountability

Some perpetrators have already faced justice abroad under universal jurisdiction, with former members of Jammeh’s paramilitary unit, known as “the Junglers,” imprisoned in Germany and the United States.

Hackett, who previously served at the UN-backed Special Tribunal for Lebanon and investigated war crimes in Kosovo, brings extensive experience in prosecuting high-profile human rights cases. His appointment, with a four-year mandate, was confirmed by Attorney General Dawda Jallow, who noted Hackett was selected from a wide pool of international candidates.

Jammeh’s Exile and Legacy

Jammeh, now 60, refused to cooperate with the TRRC and only relinquished power after regional leaders intervened with military pressure following his unexpected defeat in the 2016 presidential election. He is currently believed to reside in exile in Equatorial Guinea and has repeatedly denied any wrongdoing.

The appointment of Hackett marks a major step toward domestic accountability, signaling The Gambia’s determination to confront past abuses and ensure that impunity does not endure.

PSG And Atlético Claim Big First‑Leg Victories

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Dominant displays from PSG and Atlético Madrid put them in commanding positions as Barcelona and Liverpool face uphill battles in the return legs.

In a night packed with high stakes and dramatic twists, two of Europe’s elite clubs, Paris Saint‑Germain and Atlético Madrid, delivered compelling performances in the UEFA Champions League quarterfinal first legs on Tuesday, April 8, 2026. Both teams secured 2–0 victories away from home, PSG at the Parc des Princes against Liverpool FC, and Atlético Madrid at Camp Nou against FC Barcelona, leaving their opponents with significant challenges ahead of the second legs.

PSG Outmuscle Liverpool 2–0

At the Parc des Princes, Paris Saint‑Germain dictated the pace from the outset in a one‑sided contest with Liverpool FC. French international Désiré Doué broke the deadlock early in the 11th minute, his deflected strike giving PSG an early foothold in the tie. The home side continued to carve openings while Liverpool struggled to build any offensive momentum, finishing the match without a single shot on target.

In the second half, Khvicha Kvaratskhelia delivered a moment of individual brilliance, driving through Liverpool’s defense before finishing calmly to make it 2–0. Despite a host of additional chances, PSG couldn’t increase their advantage, a piece of inefficiency that could yet be costly. Nevertheless, the two‑goal cushion leaves them firmly in control heading to Anfield.

Tactically, PSG dominated possession and territory, while Liverpool’s defensive setup was largely reactive and offered little threat going forward. The result puts PSG in a strong position, but the tie remains alive for Liverpool when they host the second leg.

Atlético Madrid Shock Barcelona at Camp Nou

In an equally surprising result, Atlético Madrid stunned FC Barcelona with a commanding 2–0 win at the iconic Camp Nou. Barcelona began the match with early control and looked poised to take the lead, only for the momentum to dramatically swing just before halftime.

In the 42nd minute, young Barcelona defender Pau Cubarsí was shown a red card for denying a clear goalscoring opportunity in a counterattack, a dismissal that shifted the tie’s balance instantly. Atlético capitalized before the break when Julián Álvarez curled a superb effort into the net following the free kick awarded from the same sequence.

Despite Barcelona’s attempts to respond in the second half, including a strike from Marcus Rashford that hit the crossbar, Atlético remained resolute. Alexander Sørloth sealed the victory with a composed finish in the 70th minute, ensuring the visitors left Catalonia with a valuable first‑leg advantage.

Barcelona’s early dominance was undone by the sending‑off and an inability to convert possession into goals. Meanwhile, Atlético’s structured defensive organization and clinical execution on the break defined their result.

Looking Ahead: Second Leg Stakes

With both ties currently standing at 2–0 in favour of PSG and Atlético Madrid, the stakes for the second legs are high:
• PSG travel to Anfield holding a comfortable advantage, but Liverpool’s home support and attacking firepower could yet alter the outcome.
• Atlético Madrid head to their home leg with belief after silencing Camp Nou, while Barcelona must reverse a two‑goal deficit with 11 men on the pitch for the return fixture.

Both fixtures are poised to deliver gripping conclusions as the Champions League quarterfinals continue.

Trump Declares Strait Of Hormuz ‘Joint Venture’ with Iran

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U.S. President Donald Trump has suggested a potential “joint venture” between the United States and Iran in managing the Strait of Hormuz, following Tehran’s agreement to a temporary ceasefire.

Speaking after the announcement, Trump indicated that both countries are considering a cooperative arrangement to secure the vital oil route, which handles a significant portion of global crude shipments. The proposal comes as Iran reportedly plans to impose transit fees of up to $1 million per vessel during the two-week ceasefire period.

Sources indicate that ship operators may be required to go through a detailed clearance process involving intermediaries linked to Iran’s Islamic Revolutionary Guard Corps (IRGC). This process includes disclosing cargo details, ownership information, and destinations, with payments potentially made in Chinese yuan or cryptocurrency.

Estimates suggest that Iran could generate substantial revenue from these tolls, with some analysts projecting earnings reaching hundreds of billions of dollars over several years.

Meanwhile, negotiations between both nations continue, with key issues including sanctions relief, regional military presence, and nuclear activity still under discussion. While Iran’s proposal emphasizes its right to uranium enrichment, Trump has maintained that such activities would not be permitted under any final agreement.

Despite uncertainties, early market reactions have been positive, with oil prices declining and U.S. stock futures rising following news of the ceasefire. Trump described the development as a significant step toward global stability, calling it “a big day for world peace.”

Iran Unveils 10-Point Peace Plan to U.S., Seeks Sanctions Relief

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Iranian media outlets have revealed details of a proposed 10-point peace plan submitted to the United States, outlining key conditions for a long-term resolution to ongoing tensions.

According to the Tasnim News Agency, the proposal includes a permanent ceasefire, Iran’s continued control of the Strait of Hormuz, and recognition of its right to enrich uranium. While the full document has not been officially released, Iranian officials reportedly presented it during ongoing discussions tied to a two-week ceasefire.

The plan also calls for the removal of international sanctions, including those imposed by the United Nations Security Council, and the reversal of resolutions by the International Atomic Energy Agency (IAEA). Additionally, Iran is seeking war reparations and the withdrawal of U.S. forces from the region.

The proposal envisions an end to hostilities across multiple fronts, including Lebanon. Reports from the Fars News Agency further indicate that Iran would commit to not developing nuclear weapons, with uranium enrichment levels to be negotiated in future talks.

U.S. President Donald Trump described the proposal as a “workable foundation” for negotiations, with both countries expected to continue discussions throughout the ceasefire period.

Bayern and Arsenal Take First-Leg Advantage In Champions League Quarter-Finals

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Bayern Munich and Arsenal secured important first-leg victories as the UEFA Champions League quarter-finals began on Tuesday, putting both sides in control ahead of their return fixtures.

Bayern Edge Madrid in Bernabéu Thriller

At the Santiago Bernabéu, Bayern claimed a 2–1 win over Real Madrid in a high-tempo encounter. Luis Díaz opened the scoring for the visitors, finishing off a sharp attacking move, before Harry Kane doubled the advantage with a composed finish from open play.

Kylian Mbappé responded for Madrid in the second half, pulling one back to keep the Spanish side firmly in contention. Despite late pressure from the hosts, Bayern held on to secure a valuable away win.

Havertz Strikes Late as Arsenal Beat Sporting

In Lisbon, Arsenal edged Sporting CP 1–0 in a tightly contested match. The breakthrough came late, with Kai Havertz finding the net to give the Premier League side the advantage.

The game had been evenly balanced for long periods, with both teams struggling to convert chances. Arsenal’s discipline at the back and patience in attack ultimately proved decisive.

First-Leg Wins Offer Edge, Not Qualification

With only the first legs completed, neither Bayern nor Arsenal has secured qualification yet. Both ties remain open, and the second legs will ultimately determine who advances to the semi-finals.

All Eyes on Decisive Return Fixtures

Bayern will look to finish the job at home, while Arsenal will aim to capitalize on their narrow lead in front of their fans. Meanwhile, Real Madrid and Sporting CP still have every chance of overturning the deficits in the decisive second legs.