Author: Ogochukwu Ndubuisi

IRGC Says US Blockade on Iran Could Backfire Economically Iran’s Islamic Revolutionary Guard Corps (IRGC) warned on Sunday that the US economic and maritime blockade against Tehran could ultimately inflict greater costs on Washington than on Iran itself. “If the US wants to inflict one dollar of economic damage on Iran, it may face several dollars in costs and losses itself,” IRGC spokesman Brig. Gen. Hossein Mohibi told Iranian media. Mohibi insisted Iran would not bow to sanctions or outside pressure, arguing that US President Donald Trump had gambled on American military might – its naval fleet and aircraft carriers…

FG Opens N2.5bn Grant Window for 50 Student Innovators The Federal Government has opened applications for the second cohort of its Student Venture Capital Grant, offering up to N50 million each to 50 outstanding student-led ventures nationwide. ‎The National Coordinator, Special Programme Operations and Implementation Unit (SPOI) at the Federal Ministry of Education, Mr Adebayo Onigbanjo, announced this at a news conference on Friday in Abuja. ‎Onibanjo said the initiative, also known as the “Next Moonshot Initiative,” would provide equity-free funding to student entrepreneurs with Science, Technology, Engineering and Mathematics (STEM)-based business ideas. ‎He said the application portal had been…

China, Not OPEC, Calls Shots on Global Energy Markets – Sechin Igor Sechin, chief of Russia’s top oil producer Rosneft and one of President Vladimir Putin’s most influential allies, said on Thursday that China, not OPEC, is now stabilizing global oil markets. Speaking at a Russian-Chinese business forum in the far eastern city of Vladivostok on September 4, Sechin said China has effectively taken the lead from the cartel. “This year, China has effectively taken the lead from OPEC and, without being a member of any cartel, has managed to stabilise the global oil market by cutting its oil imports…

The Nigerian Exchange (NGX) All-share index (ASI) jumped by 15 basis points as Seplat…

With a 10% gain, Seplat and UPDC Real Estate Investment Trust (UPDCREIT) drove the Nigerian Exchange

Asian Nations Rush to Expand Energy Storage After Strait of Hormuz Crisis Asian economies are racing to build oil and gas storage closer to home to cut exposure to Middle East conflict after the US-Israel-Iran war choked shipping through the Strait of Hormuz, where traffic fell to a trickle. Heavily reliant on Gulf energy, the region imposed emergency fuel conservation when prices surged in February, then moved to permanent solutions. Japan, which weathered the crisis better due to large strategic reserves, announced in April a $10bn POWERR Asia initiative to help Southeast Asia procure oil and build stockpiles. At the…

AI-Driven Disinformation Major Threat to 2027 General Elections – Amupitan Chairman of Independent National Electoral Commission (INEC), Prof. Joash Amupitan, has warned that the growing Artificial Intelligence-driven disinformation poses major threat to the credibility of 2027 general election. This is contained in a statement issued by the INEC Director of Voter Education and Publicity, Mrs Victoria Eta-Messi. Eta-Messi quoted Anupitan as giving the warning in a keynote address delivered at the 13th Annual International Conference of the Association of Communication Scholars and Professionals of Nigeria (ACSPN) in Abuja on Wednesday. Amupitan was was represented by a National Commissioner, Sani Adam,…

A one-hour yen spikes just exposed how fragile global markets have become, warns the CEO of global financial advisory deVere Group.

Canada’s Immigration Cut Exposes Economic Cracks Canada’s immigration policy, once seen as a model for economic growth, has become a flashpoint for economic anger as the country confronts a sharp slowdown, a housing affordability crisis and a generational shift in public opinion. For years, Ottawa pushed historically high intake to drive growth. Population surged 2.4 percent in 2022, 3.1 percent in 2023 and 2.21 percent in 2024, driven by permanent and temporary residents – well above the roughly one percent annual growth before the pandemic. Top-line GDP looked strong in 2023 and 2024, but per-capita GDP was falling and unemployment…

Egypt Welcomes President Xi Jinping to Cairo as Ties Deepen Egyptian President Abdel Fattah el-Sisi welcomed Chinese President Xi Jinping to Cairo on Wednesday for a state visit aimed at strengthening the comprehensive strategic partnership between the two countries. Xi arrived at Cairo International Airport on Tuesday, September 1, where he was received by President el-Sisi and First Lady Entissar el-Sisi alongside his wife, Peng Liyuan. According to Egypt Today, the airport reception was marked by warmth, with children and youth carrying Egyptian and Chinese flags participating in the ceremony. On Wednesday, September 2, an official military ceremony was held…