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Fitch Ratings Highlights Nigeria’s Rising Debt Service Obligation Amid Economic Optimism In a recent assessment, Fitch Ratings drew attention to Nigeria's projected rise in debt servicing costs for the year 2025. This insight emerges even as the rating agency expresses growing confidence in Nigeria's evolving economic policies. One might wonder, how does a country bolster investor confidence while simultaneously facing increasing costs of managing its external debt obligations? The…

The decisions surrounding the U.S. presence in Somalia are as complex as the country itself. With the recent escalation of conflict in Somalia, some officials from the U.S. State Department are advocating for the closure of the embassy in Mogadishu. This suggestion stems from the growing strength of Al Shabab militants, but it's a move not without its risks. Reflecting on the turbulent successes and failures in foreign policy, one must ponder—what does withdrawing mean for Somalia’s stability? Echoing the traumatizing…

A 48-year-old man, Michael Tanzi, was executed by lethal injection in Florida for the tragic murder of Janet Acosta, a newspaper employee who was abducted during her lunch break in 2000. The execution took place shortly after 6 PM local time (11 PM Irish time) yesterday at the Florida State Prison in Raiford, according to a statement from prison officials. Tanzi's death marks him as the third inmate to be executed in Florida this year and the eleventh nationwide. In 2003, Tanzi confessed to the brutal murder of Ms. Acosta,…

Devastating wildfires are currently sweeping through South Korea, having doubled in size within a single day. Authorities are now calling this disaster the most severe natural fire incident the nation has ever faced, with at least 27 lives lost and historic temples reduced to ashes. So far, over 33,000 hectares have been scorched, predominantly in Uiseong county, marking it as the largest forest fire in South Korea's history. The previous record stood at 24,000 hectares during a fire in March 2000. Acting President Han…

Hussein Hassan Mahmoud Ma'da, the convicted killer sentenced to death by the Somali Military Court. CREDIT: SUPPLIED Mogadishu: A Story of Choices, Consequences, and Courtrooms In the heart of Mogadishu, a city that ebbs and flows with timeless stories and modern struggles alike, an intense courtroom drama has unfolded. Hussein Hassan Mahmoud Ma’da, not just a name but a vivid emblem of the difficult choices one makes, now stands convicted and sentenced to the ultimate penalty — death by firing squad. This…

Ethiopia's Diplomatic Struggle for Red Sea Access Amid Tensions CAIRO, Egypt — The political landscape surrounding the strategic Red Sea waterways has taken a significant turn. In an evolving saga reflective of both ancient rivalries and modern geopolitical interests, Ethiopia finds itself on uncertain ground. Recently, Egypt and Eritrea have taken a firm stance, emphasizing that the stewardship of Red Sea security should remain the preserve of coastal states.…

MOGADISHU, Somalia - Al-Shabaab, the relentless insurgent group tied to Al-Qaeda and notorious for its long-standing threat in East Africa, has faced substantial setbacks in central Somalia. State media have been buzzing with reports of these recent developments. This comes at a pivotal moment as President Hassan Sheikh Mohamud makes his inspiring visit to the troops stationed on the frontlines of this embattled nation.Visitors to the town of Adan Yabaal in central Somalia might have been surprised to find the country's…

Refinery's Bold Move: Selling Petrol in Dollars In a world where the economic waves are as unpredictable as ocean tides, businesses must navigate carefully. Recently, the Dangote Petroleum Refinery, a powerhouse in the energy sector of West Africa, unveiled a striking decision to sell petrol not in the local currency, the naira, but rather in U.S. dollars. This development has certainly sent ripples through the economic waters. Why such a bold move,…

Imagine traversing the bustling streets of Mogadishu, a city where resilience meets chaos. Just on a usual Tuesday, amidst the hum of daily life, Africa witnessed another unsettling chapter unfold. "Our fighters targeted a convoy of vehicles carrying Hassan Sheikh Mohamud as they were leaving the presidential palace and heading to the airport,"—remarks shared by al Shaabab via their Telegram platform. The attack targeted the Somali President, Hassan Sheikh Mohamud, during…

In the ever-evolving landscape of Nigeria's oil market, a recent revelation has captured the attention of industry insiders and consumers alike. As of now, oil marketers are grappling with a significant challenge: the steep landing cost of fuel stands at N797.66 per liter. This scenario exists despite the concerted efforts by these marketers to curb their losses by reducing fuel purchases. One can't help but wonder: How long can this continue? As the ripple effects of a fierce price war initiated by…