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Moniepoint acquires controlling stake in Kenyan microfinance bank
Ziggy Ojiegbe Nigerian digital payments firm Moniepoint has acquired a 78% stake in Sumac, a Kenyan microfinance bank, as part of its rapid expansion across Africa’s financial services sector. Over the past five years, Moniepoint has evolved from a technology…
South Africa reverses claim of U.S. pressure over G7 snub
Ziggy Ojiegbe South Africa has walked back earlier claims that the United States pressured France to rescind its invitation to the June G7 summit, easing tensions after days of diplomatic friction. On Thursday, it emerged that Paris had invited Kenya…
Fatona, Uche recognised for shaping Nigeria’s mining, energy future
Sopuruchi Onwuka The Nigerian Mining and Geosciences Society (NMGS) has awarded its highest honour, the NMGS/Shell Award, to the Chairman of Renaissance Africa Energy Company Limited, Dr. Layi Fatona, in recognition of his contributions to the country’s mining and energy…
Allies eye post-war mission to protect Strait of Hormuz
Ziggy Ojiegbe G7 nations have reaffirmed a unified commitment to safeguard maritime security in the Strait of Hormuz, pushing back against Iran’s emerging plan to impose tolls and tighten control over the critical global shipping route. Meeting in France, foreign…
Israel bombs out Iran navy chief to cap a wave of elite killings
Sopuruchi Onwuka Israel has killed the head of Iran’s Revolutionary Guards navy, Alireza Tangsiri, in a strike that underscores a broader campaign targeting the core of Tehran’s military and political leadership. In a video statement, Israeli Defence Minister Israel Katz…
Humanitarian mission turns mystery as Mexican flotilla to Cuba disappears without trace
Two boats carrying humanitarian aid from Mexico to Cuba have disappeared in the Caribbean Sea, leaving nine crew members missing and prompting an urgent search effort. The vessels, Friendship and Tiger Moss, departed from a southeastern Mexican port on March…
FG in rush for more barrels as oil prices soar
Sopuruchi Onwuka Beyond prevailing pressure on operating companies to rapidly pump more barrels into the market to meet up with revenue aspirations projected in the 2026 fiscal plans, the upstream petroleum industry regulators are in sync to accelerate approval process…
US deployment of mines signals shift toward ground war preparations
U.S. forces have deployed anti-tank land mines near the southern Iranian city of Shiraz as part of ongoing military operations targeting Tehran’s ballistic missile capabilities, according to U.S. and Iranian media reports. The mines were identified as BLU-91/B anti-tank munitions,…
Diplomacy shields Iran foreign minister from Israeli strike
Ziggy Ojiegbe Israel has held off eliminating Iran’s foreign minister, Abbas Araqchi, as part of a broader effort to avoid closing off fragile diplomatic channels that could still help contain the conflict. Araqchi, a central figure in Iran’s foreign policy…
FG authorizes SeaSeis for 3D seismic and gravity data acquisition
Sopuruchi Onwuka Nigeria’s petroleum rights administrator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has authorized SeaSeis Geophysical Limited to launch off seismic and gravity data acquisition offshore Niger Delta. The seismic campaign hosted in a Petroleum Exploration License (PEL) No….
