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REA, Lotus Bank to launch dedicated renewable energy financing facility
Sopuruchi Onwuka The Rural Electrification Agency (REA) and Lotus Bank have agreed to deepen their collaboration on renewable energy financing in Nigeria, marking a shift from project-based support to a structured, large-scale funding framework. The decision followed a high-level meeting…
Davos: Power politics pushing the world out of its comfort zone, Germany’s Merz warns
German Chancellor Friedrich Merz warned on Thursday that the global order is unraveling at unprecedented speed, as great power rivalry replaces what he described as a more predictable international system. Speaking at the World Economic Forum in Davos, Merz said…
Looming food aid cuts put one million Nigerians at risk, WFP warns
Sopuruchi Onwuka More than one million people in northeast Nigeria could lose emergency food and nutrition assistance within weeks unless urgent funding is secured, the World Food Programme (WFP) warned on Thursday. The UN agency said it urgently needs $129…
UN urges defunding of high-polluting industries as finance gap on nature widens
Frank Okon The United Nations is calling for sweeping financial reform to curb global warming, warning that current investment patterns overwhelmingly favour environmentally destructive industries while starving nature-based solutions of funding. The appeal follows the release of the State of…
UN warns internet shutdowns are becoming a global tool of repression
Frank Okon The United Nations is raising renewed alarm over the growing use of government-imposed internet shutdowns during civil unrest and elections, warning that digital blackouts are becoming a routine tool to restrict information, suppress dissent and undermine basic rights….
Oil market outlook: supply surplus keeps prices in check despite geopolitical risks
Ziggy Ojiegbe Global oil markets are entering 2026 with a sizeable supply overhang that continues to weigh on prices, even as geopolitical tensions periodically jolt sentiment. According to the latest report by the International Energy Agency (IEA), robust supply growth…
Chevron declares double discovery with Awodi-07 well
Sopuruchi Onwuka Chevron Nigeria Limited has declared that its Awodi well busted two separate lodes offshore Western Niger Delta, discovering new hydrocarbon reservoir and extending existing one. A press statement made available to Oracle Intelligence did not specify the oil…
Global public health and the politics of U.S. exit from the WHO
Sopuruchi Onwuka The United States has officially severed ties with the World Health Organization in a move the Trump administration says corrects past failures, particularly the WHO’s handling of Covid-19. But beyond the politics, the decision raises a more basic…
Human trafficking thrives fully on corruption, UN report finds
Ziggy Ojiegbe Human trafficking on a large scale would not be possible without corruption by border guards, public officials, and other actors who look the other way in exchange for money or sexual favors, or who are themselves coerced, according…
Davos: UN warns of looming collapse of global order
Ziggy Ojiegbe The United Nations General Assembly has warned that rising impunity by powerful states and growing disregard for international law are pushing the global system toward instability and potential collapse. Speaking at the World Economic Forum in Davos, President…
