reports

United Bank for Africa Reports Impressive First Quarter Profit Growth The United Bank for Africa (UBA) Plc recently unveiled its financial results for the first quarter of 2025, and the numbers are nothing short of remarkable. With a profit after tax soaring to N189.8 billion, the bank has shown a significant leap from N142.6 billion, reported in the same quarter of the previous year. This substantial growth paints a promising picture, but what does it truly indicate about UBA and the broader financial landscape? A…

As of Tuesday, April 22, 2025, the price of the OPEC basket, which comprises twelve distinct crudes, reached $69.94 a barrel. This figure represents a slight increase from the previous day's price of $69.65, as calculated by the OPEC Secretariat. This subtle shift in pricing might seem trivial at first glance, but it serves as a telling reflection of the intricate dance between supply and demand in the global oil market. Is it possible that such fluctuations are merely the calm before a more turbulent storm? The oil…

The Tensions in Elasha Biyaha: A Closer Look at Recent Developments Nestled roughly 15 kilometers from the bustling heart of Mogadishu, Elasha Biyaha is more than just a geographical marker on the map; it serves as a critical junction between the capital and militant strongholds entrenched in southern Somalia. This seemingly tranquil area has transformed into a focal point of conflict, with recent activities igniting palpable unease among its residents. Last month, unsettling reports surfaced of Al-Shabaab…

Mogadishu (AX) – In a significant development for Somalia's ongoing battle against extremism, Northeastern State security forces have reported the elimination of more than 40 ISIS fighters while reclaiming a pivotal stronghold in the northeastern Bari region. This decisive encounter unfolded during a 24-hour offensive and is seen as a landmark achievement in their campaign against the militant group. The operation, which commenced late Friday night in the rugged Togga Miiraale valley, is part of the third and final phase of…

In a recent announcement, Ukraine's President Volodymyr Zelensky declared that his forces would honor a surprise Easter truce, as communicated by Russian President Vladimir Putin. This truce is set to last until midnight, even as air-raid sirens echoed throughout Kyiv. The proposed 30-hour truce represents a significant pause in the ongoing hostilities that have persisted throughout the three-year conflict. However, shortly after the ceasefire was scheduled to begin, air-raid sirens were activated in the Ukrainian capital.…

In a tragic escalation of conflict, a Russian drone strike on the Ukrainian city of Dnipro late last night has resulted in the deaths of three individuals, including a young girl, as confirmed by local authorities. Dnipropetrovsk regional governor, Sergiy Lysak, expressed the gravity of the situation, stating, "A massive UAV (unmanned aerial vehicle) attack led to tragic consequences. Three people died in Dnipro, including a child." Among the deceased were a young girl and an elderly woman, highlighting the indiscriminate…

Ukrainian President Volodymyr Zelensky recently expressed optimism regarding the negotiations with the United States, stating that negotiators are making "good progress" on a vital minerals deal aimed at securing much-needed US support. In his daily address, he noted, "The basic legal stuff is almost finalised, and then, if everything moves as quickly and constructively, the agreement will bring economic results to both our countries." This potential agreement revolves around the extraction of Ukraine's strategic minerals,…

In a harrowing revelation, Ghanaian authorities have fallen short in safeguarding the human rights of countless individuals, predominantly older women, who have been unjustly accused of witchcraft. The recent report by Amnesty International highlights the grim reality that these women often endure, facing horrifying ritualistic attacks that compel them to abandon their homes, driven by an overwhelming fear for their lives. Entitled "Branded for Life," this poignant report sheds light on the dire circumstances faced by more…

The Iranian Foreign Ministry has announced that indirect negotiations with the United States regarding its nuclear program have come to a close in Oman. The ministry characterized the discussions as "constructive." "The indirect talks between the Islamic Republic of Iran and the United States concerning sanctions relief and nuclear matters have concluded," the ministry shared in a statement, noting that discussions were held in a "constructive and mutually respectful atmosphere." High-level discussions commenced today…

Evolving Dynamics: Somalia and Ethiopia's Diplomatic Chessboard Amidst a tapestry of international dialogues and palpable tension, Turkey confidently stepped into a pivotal diplomatic role. Under the watchful gaze of the world, Turkey masterfully facilitated negotiations between Mogadishu and Addis Ababa, leading to the landmark Ankara Declaration on December 12. This significant pact was not just a declaration of mutual respect for each nation's sovereignty; it was also a gateway to more substantive talks…