exchange

Understanding Nigeria's Crude Oil Dilemma It seems Nigeria may soon witness another increase in petrol prices, and the reason might surprise you. Recently, the Nigerian National Petroleum Company (NNPC) Limited has reportedly halted a significant arrangement: the naira-for-crude deal with local refineries. It's a complex issue that might ripple through various sectors of everyday life. Inside sources suggest that NNPC has ceased this crucial deal, which now forces local refineries,…

Russia has swiftly dismissed the notion of exchanging occupied territories with Kyiv as a potential element in any forthcoming peace negotiations. This rejection came merely hours after a devastating barrage of drones and missiles rained down upon Kyiv, tragically resulting in the death of one individual. Ukrainian President Volodymyr Zelensky had proposed the idea of trading Ukrainian-held portions of Russia’s Kursk region for territories currently under Russian control in eastern and southern Ukraine. However, the…

In a recent interview, Ukrainian President Volodymyr Zelensky made a striking announcement regarding future peace negotiations with Russia. He revealed that Ukraine is prepared to exchange territory, hinting at a pragmatic approach to resolving the ongoing conflict. However, he emphasized that Europe lacks the capacity to independently support Ukraine's war effort. This Friday, Zelensky is set to meet with U.S. Vice President JD Vance during the Munich Security Conference. The urgency of the situation is palpable, as…

Following the successful conclusion of the latest hostage-prisoner exchange under a fragile ceasefire, Israeli Prime Minister Benjamin Netanyahu has dispatched negotiators back to Qatar for discussions. This ongoing dialogue aims to stabilize this delicate truce with Hamas. In a recent statement, Netanyahu reiterated his unwavering commitment to dismantling Hamas and securing the freedom of the remaining hostages. He labeled the militant organization as "monsters" after the transfer of three Israeli captives, who appeared…

A lab technician carefully cradles a cluster of indigenous seeds at the Genetic Resources Research Institute seed bank in Kiambu, Kenya, Nov. 14, 2024. KIKUYU, Kenya — Nestled amidst the verdant landscapes of Kikuyu town, the National Seed Bank stands as an unsung hero in the quest to preserve Kenya's agricultural heritage and future. But why is this unassuming institution so critical? Behind the walls of this governmental edifice lie two chilled chambers that house over 50,000 varieties of seeds—a veritable treasure trove…

In a significant development amidst ongoing hostilities, Hamas has released three Israeli hostages as part of a broader truce designed to bring an end to the protracted 15-month conflict in Gaza. In exchange, dozens of Palestinians found themselves freed from Israeli prisons, marking another pivotal moment in this fraught situation. Among the released was Ofer Kalderon, a dual French-Israeli national, along with Yarden Bibas. They were handed over to Red Cross officials in the southern city of Khan Younis, shortly before…

In a striking turn of events, Ukrainian President Volodymyr Zelensky has extended a surprising offer to North Korea’s leader, Kim Jong-un: if he can facilitate the exchange of prisoners, Ukraine is willing to return captured North Korean soldiers. It’s an unprecedented move that fuels speculation about just how convoluted diplomacy can get in the context of international conflict. “We’ve already captured a couple of North Korean soldiers, and believe me, it won’t stop there,” Zelensky declared with a touch of determination…

North Western State of Somalia Mulls Over Ethiopia Sea Deal Amid Quest for Acknowledgement HARGEISA, Somalia - The self-declared state of North Western State of Somalia, nestled in northern Somalia, is reconsidering a deal with Ethiopia struck last year. This accord, initially forged to trade sea access for formal recognition, is undergoing scrutiny as regional leaders call for a fresh examination. Abdirahman Dahir Adan, the newly minted Foreign Affairs minister of North Western State of Somalia, revealed that Abdirahman…

The acting chief of Hamas in Gaza, Khalil al-Hayya, recently expressed that any potential hostage-for-prisoners exchange deal with Israel hinges on the cessation of hostilities in the region. “A prisoner swap is off the table if the war continues,” Mr. Hayya articulated during a discussion on Al-Aqsa television. He reinforced the group's stance regarding the conditions necessary for the conflict's resolution. “If the aggression persists, why would Hamas, or any rational actor, relinquish a valuable bargaining chip while…

Kenya's foreign exchange reserves have hit an all-time peak of $7.85 billion as of Thursday, notching up gains for the third week in a row, according to the Central Bank of Kenya (CBK) in its latest financial market update unveiled on Friday evening.Folks gather at the International Floriculture Trade Expo in Nairobi, Kenya, on June 5, 2024. (Photo by John Okoyo/Xinhua)Kenya's foreign exchange reserves have hit an all-time peak of $7.85 billion as of Thursday, notching up gains for the third week in a row, according to the…