Author: Ogochukwu Ndubuisi

Denmark Votes as Prime Minister Frederiksen Seeks 3rd Term After Greenland Crisis Denmark votes as Prime Minister Frederiksen seeks 3rd term after Greenland crisis Denmark votes in a parliamentary election on Tuesday, with Social Democratic Prime Minister Mette Frederiksen seeking a third term after a row with Washington over the future of Greenland thrust her into the international spotlight. Her main challenger is centre-right Defence Minister Troels Lund Poulsen, of the Venstre party, who has emerged as a key rival in the campaign. The vote comes amid months of heightened tensions over U.S. President Donald Trump’s push to take control…

Russia is Sending Iran Intelligence to Prolong War – Zelensky Ukrainian President Volodymyr Zelensky said on Monday that Russia is passing intelligence to Iran in an effort to prolong the war in the Middle East. Citing the Ukrainian HUR military intelligence service, Zelensky said in his evening video address that there was further evidence that Russia was continuing to support the Iranian leadership with intelligence. He did not provide any details. Zelensky also said he had been briefed by the SBU intelligence service. Russia’s war against Ukraine must not be allowed to benefit from the geopolitical situation and the crisis…

Dangote Warns of Global Oil Shocks A foremost industrialist, Alhaji Aliko Dangote, has warned that Middle-East tensions driving global oil volatility could have far-reaching consequences for Nigeria and African economies. Dangote spoke on Monday in Lagos after a courtesy visit and Eid-el-Fitr homage to President Bola Tinubu. He said the visit was to extend Sallah greetings, reconnect with the president after some time, and reaffirm respect and continued support for the administration’s policies. Dangote noted Nigeria had no direct role in the crisis but would still feel the impact because of deep global economic interdependence. “We are part of a…

A significant surge in US dollar demand at the Nigerian foreign exchange market (NFEM) led to a sharp decline in the naira’s value on Monday, according to daily FX data published by the Central Bank.

Money market rates diverged amidst strong liquidity in the financial system, driven by deposits from Nigerian lenders’ activities at the Apex Bank window.

Moniepoint Acquires Orda to Boost Africa’s Food Service Economy Moniepoint Inc. has acquired Orda Africa to strengthen its presence in Africa’s fast-growing food service sector valued at about 50 billion dollars. Orda Africa (“Orda”) is a leading cloud-based restaurant management platform operating in Nigeria. The acquisition will integrate Orda into Moniepoint’s Moniebook platform, an all-in-one point-of-sale and business management solution launched in 2025. The platform provides African businesses with integrated financial and operational tools that combine payments and bookkeeping in a single system. Moniepoint, in a statement on Monday in Lagos, said the move would enable restaurant operators to scale…

Sunderland Stun Newcastle With Late Winner in Dramatic Tyne-Wear Derby Sunderland striker Brian Brobbey scored a 90th-minute winner against Newcastle United to secure a 2-1 win in a hotly-contested Tyne-Wear derby on Sunday. The results lifts them above their bitter rivals in the English Premier League standings. The visitors bounced back from a flat first-half performance to take the game to their rivals in the second, and they were rewarded when Brobbey scored late to snatch the three points. Sunderland got off to a dreadful start as defender Luke O’Nien fluffed his attempt at a long ball from inside his…

NLC Rejects N6trn Bailout, Demands Energy Sector Reform The Nigeria Labour Congress (NLC) has rejected the proposed N6 trillion bailout for power generation companies, saying repeated financial interventions have not improved electricity supply nationwide. The NLC President, Mr Joe Ajaero, who said this in a statement on Sunday in Abuja, called for urgent structural reforms in the energy sector. “The proposed N6 trillion bailout is a mere symptom of deeper structural failures in the power sector, and repeated financial interventions have not translated into improved electricity supply for Nigerians. “We cannot continue to deploy public funds to sustain a fundamentally…

TEF Commits $16m to Empowering Additional 3,200 Young African Entrepreneurs The Tony Elumelu Foundation (TEF) on Sunday unveiled 3,200 new beneficiaries with 5,000 dollars empowerment grant for young African entrepreneurs in its 2026 cohort. The Foundation said that the entrepreneurs would be funded via Heirs Holdings Group Companies, the European Commission, Seme City Development Agency, DEG, the German Development Agency, and the IKEA Foundation. It listed other partners to include UNICEF, the Dutch Government, UNDP and the Rwandan Ministry of Youth and Arts. The Founder of TEF, Mr Tony Elumelu, said that the foundation’s work was vital in providing access…

Premier League Probes Alleged Racist Abuse in Newcastle-Sunderland Derby The English Premier League is investigating alleged discriminatory abuse during Sunderland’s 2-1 derby win away to Newcastle United. The probe follows a report of racial abuse directed at a Sunderland player during the second half. The incident occurred after Newcastle’s Sven Botman received treatment for a head injury, prompting referee Anthony Taylor to halt play briefly A Premier League statement read: “Today’s match was temporarily paused in the second half. “This followed a report of discriminatory abuse from the crowd, directed at Sunderland’s Lutsharel Geertruida. “This is in line with the…