Nigeria on US Performance Plan After Trump's Warning
Nigeria faces a US-imposed 'Performance Improvement Plan' after being labeled a 'disgraced country'. Can Tinubu's urgent security reforms save the nation from foreign intervention? Read more.
Category : Search result: economic sanctions Nigeria
Russian court fines Austrian bank Raiffeisen $400m
A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.
FIFA Sanctions Malaysia Over Ineligible Players
FIFA penalises Malaysia, awarding three 3-0 defeats for fielding ineligible players. FAM faces fines and backlash as case heads to CAS. Get the full story.
Venezuela Faces Deep Crisis as US Tightens Oil Blockade
A new US blockade on Venezuelan oil shipments could slash production and halve exports, pushing the economy deeper into crisis. Experts warn of severe impacts.
FIFA fines Malaysia $452k for forged player documents
FIFA slaps Malaysia with heavy fines and match forfeits for using ineligible players. This crackdown unfolds as Nigeria challenges DR Congo's player eligibility in World Cup playoffs. Read the full details.
Trump Announces Naval Blockade Against Venezuela
US President Donald Trump announces a maritime blockade on Venezuela, demanding the return of oil and land he claims were stolen. Get the full details on this escalating crisis.
Trump Orders Naval Blockade of Venezuela Oil Tankers
US President Donald Trump announces a total blockade of sanctioned Venezuelan oil vessels, escalating tensions. Learn the details and potential impact on the global oil market.
Nigeria's Crisis: Insecurity, Inflation & Governance Failures
An in-depth analysis of Nigeria's overlapping crises in 2025: escalating insecurity killing thousands, soaring food inflation, and governance failures. Discover the root causes and a 7-step framework for national recovery.
PDP Moves to Sack Rivers Lawmakers Over Defection
The Peoples Democratic Party (PDP) vows to use constitutional means to remove 17 Rivers State lawmakers, including Speaker Martin Amaewhule, who defected to the APC. Read the full details and political implications.
Lagos to Deepen Evidence-Based Planning for 2026 Budget
Lagos State government reaffirms commitment to data-driven budgeting and economic planning to unlock emerging sectors for a resilient and prosperous economy. Learn about the key strategies.
Serbia's Oil Refinery Shutdown Could Cost for Years
Experts warn Serbia faces years of economic fallout, job losses, and budget risks after the shutdown of its only oil refinery due to US sanctions on Russian owners. Read the full analysis.
OECD Raises 2025 Growth Forecasts for US, Eurozone
The OECD says the world economy has been 'surprisingly resilient,' raising its 2025 growth estimates for the US and eurozone. Discover the key drivers and potential risks, including AI valuation concerns.
ECOWAS Opens High-Level Talks Over Guinea-Bissau Coup
ECOWAS Parliament strongly condemns the military coup in Guinea-Bissau, labeling it an assault on democracy. High-level talks begin December 3rd. Read the full story.
Pacific Island Office Aids Sanctions-Busting Oil Smuggling
A beachside office in the Cook Islands is being used by dozens of tankers to smuggle Russian and Iranian oil, undermining Western sanctions. New Zealand expresses alarm. Read the full investigation.
Manufacturing Tops Nigeria's VAT Revenue in H1 2025
Nigeria's manufacturing sector contributed N584.63bn to VAT revenue in the first half of 2025, leading all sectors despite economic challenges. Read the full NBS report analysis.
Belgian PM opposes EU plan on Russian assets for Ukraine
Belgium's Prime Minister Bart De Wever strongly opposes the EU proposal to use frozen Russian assets for Ukraine funding, citing legal and financial risks for his country.
Experts Support CBN's MPR Decision, See Lower Rates
Nigerian economists endorse CBN's monetary policy stance maintaining MPR at 27%. Experts predict reduced lending costs to boost real sector growth. Read analysis.
AfDB approves $500m loan for Nigeria's budget
African Development Bank approves $500 million budget support for Nigeria to boost non-oil revenues and energy sector reforms. Learn how this impacts Nigeria's economic growth.
CRSFA fines three teams N500k each for Cup withdrawal
Cross River FA imposes N500,000 fines on Obubra United, ABIWAVES FC, and Akpabuyo United for abandoning Governor's Cup matches. Teams must pay within 30 days or face suspension from future events.
Wike Threatens Action Over False School Shutdown Order
FCT Minister Nyesom Wike has suspended education officials and promised severe sanctions over an unauthorized memo ordering school closures in Abuja. Read details.
Hungary increases oil shipments to Serbia amid sanctions
Hungary pledges increased oil exports to Serbia as US sanctions threaten refinery shutdown. Learn how this energy crisis impacts Balkan stability and payment systems.
Trump brands Muslim Brotherhood terrorist organizations
US President Donald Trump designates Muslim Brotherhood chapters as foreign terrorist organizations, imposing sanctions and travel bans. Read full analysis of implications.
NAICOM: Link NIN, CAC to Insurance by April 30, 2026
NAICOM mandates all insurers to link NIN and CAC details to policies by April 30, 2026. This move aims to boost transparency and curb fraud. Act now to ensure compliance!
Why I Married Five Wives - Kano Yam Seller
Ibrahim Yahaya, a Kano man selling fried yam in Warri, reveals why he married five wives and how Tinubu's economic policies affect his business. Read his survival story.
Nigeria: Not a Third World Country, Data Reveals
Discover why Nigeria defies the outdated 'third world' classification. Explore economic data, development indicators, and Nigeria's true global standing in this comprehensive analysis.
Belarus pardons 31 Ukrainians in diplomatic pact
Belarus has pardoned 31 Ukrainian citizens as part of diplomatic agreement between Lukashenko and Trump. Read details of this significant political development.
FIFA Bans 3 Countries from World Cup for Politics
FIFA has banned Russia, South Africa, and Yugoslavia from World Cup participation due to political conflicts and international sanctions. Learn about the historic precedents.
US Weighs Sanctions Against Nigeria Over Violence
The United States considers sanctions against Nigeria alleging inadequate protection of Christian communities. Read about the diplomatic tensions and potential consequences.
US sanctions hit Lukoil's Bulgaria refinery operations
Bulgaria takes control of Lukoil's Neftochim refinery to avoid US sanctions. Learn how this affects fuel supply in Southeast Europe and the search for new buyers.
Japan PM Takaichi defends $135bn stimulus package
Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.
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