Stakeholders from the Development Agenda for Western Nigeria (DAWN) Commission and the BRACED Commission, which represents Bayelsa, Rivers, Akwa Ibom, Cross River, and Edo States, have resolved to jointly examine investment prospects connected to the proposed 750-kilometre Lagos–Calabar Coastal Highway project. The strategic session took place at the DAWN Commission corporate headquarters located inside Cocoa House, Dugbe, Ibadan, where delegates from South-West state governments, South-South representatives, and several institutional partners gathered to discuss long-term economic planning tied to the coastal corridor. During deliberations, participants explained that careful and coordinated development along the coastal road could transform the economic outlook of Nigeria. According to projections presented at the meeting, proper utilisation of the opportunities along the corridor may raise the country’s Gross Domestic Product from the present level of about $400 billion to a range between $1.4 trillion and $14 trillion within the next five decades. Need for structured development along the coastal corridor In his opening remarks, the Director-General of the DAWN Commission, Seye Oyeleye, stated that the organisation brought together stakeholders from both South-West and South-South regions to design a clear framework for maximising the economic value of the coastal highway. He described the Lagos–Calabar Coastal Road as the most extensive infrastructure initiative undertaken in Nigeria in more than six decades, stressing that such a project must be guided by organised planning to prevent the mistakes experienced in previous large-scale developments. Oyeleye explained that the commission invited Lagos, Ogun, and Ondo States alongside the BRACED member states because the highway corridor runs across these regions. According to him, only a coordinated strategy involving all affected states can guarantee that the economic potential of the road will be fully realised. He emphasised that collaboration should focus on the creation of industrial clusters, environmental conservation zones, tourism centres, and commercial hubs along the route so that the project will produce long-term economic benefits rather than unplanned expansion. The Director-General warned that past infrastructure projects in Nigeria suffered from poor coordination because states often worked independently without a shared development plan. He noted that global examples show that properly managed coastal highways usually become powerful drivers of industrial growth, tourism, and regional trade. Oyeleye added that planning must begin immediately instead of waiting until construction is completed. According to him, discussions are already ongoing on how Lagos, Ogun, and Ondo States can jointly design development zones that will operate as integrated economic corridors. He also disclosed that one of the expected outcomes of the meeting is the establishment of a joint supervisory body that will manage physical development, land use, and investment activities along the coastal route. Economic projection shows massive growth potential Delivering a lecture titled “Unlocking Economic Potentials of the Lagos–Calabar Coastal Highway: Land Governance and Regional Alignment for the South-West Corridor,” the Managing Director and Chief Executive Officer of Makaya Consult, Eko Atlantic City, Olawale Opayinka, said the coastal highway presents one of the biggest economic opportunities in Nigeria’s history. He explained that the highway stretches for more than 700 kilometres and provides a development corridor covering hundreds of square kilometres of land that can be used for housing, industry, tourism, agriculture, and logistics. Opayinka noted that Nigeria’s population is expected to grow significantly in the next fifty years, and if development along the corridor is properly coordinated, the enterprise value created along the route could range from $1.4 trillion at the minimum to about $14 trillion at the highest level. He stressed that these projections depend largely on cooperation among all the states connected to the road, including Lagos, Ogun, Ondo, Edo, Delta, Bayelsa, Rivers, Akwa Ibom, and Cross River. According to him, failure by any of the states to follow a unified plan could weaken the entire project. He further explained that the coastal highway has the potential to change Nigeria’s economic position globally by expanding industrial capacity, encouraging foreign investment, and improving transportation efficiency. According to Opayinka, the opportunity created by the project could move Nigeria’s economy from its current level of under $400 billion to a multi-trillion-dollar economy within the next five decades if the development is properly managed. Call for proper planning and political commitment Also speaking at the meeting, the Director-General of the BRACED Commission, Joe Keshi, highlighted the importance of early planning, stating that the project should not follow the pattern of uncoordinated growth seen in many existing highways across the country. He explained that the meeting marked the beginning of a long-term discussion aimed at ensuring that development along the coastal road follows a structured plan similar to successful coastal infrastructure projects in other parts of the world. Keshi said it would be disappointing if such a major national infrastructure eventually suffers from the same lack of planning that affected previous projects. He therefore urged state governments to show strong political will in supporting a common development framework. According to him, the road itself is only the starting point, while the real economic benefit will come from the industries, tourism centres, housing estates, and commercial activities that will grow along the corridor. Stakeholders emphasise zoning, security and regional cooperation Other participants at the programme included Commissioners for Physical Planning and Urban Development from Ogun, Ondo, and Lagos States — Tunji Odunlami, Sunday Olajide, and Olayinka Abiodun — as well as the Ogun State Commissioner for Culture and Tourism, Oluwasesan Fagbayi. They all stressed the need for strong cooperation among states to ensure that the project leads to organised economic expansion. Additional contributors such as Muyiwa Ige, the South-West Zonal Head of the Nigerian Investment Promotion Commission Ololade Okeowo, Executive Director of Odu’a Investment Company Limited Yemi Ajao, retired Director of Federal Highways Folorunso Esan, and the Permanent Secretary of the Lagos State Ministry of Environment Tajudeen Gaji also highlighted the importance of land management, security planning, and proper governance structures. They concluded that close collaboration between state governments, the Federal Government, and relevant agencies will be essential for unlocking the full economic value of the Lagos–Calabar Coastal Highway project.
Minister of Power, Adebayo Adelabu, has formally expressed regret to citizens regarding the persistent and widespread electricity interruptions experienced across the country in recent weeks, admitting that the situation has placed significant pressure on families, businesses, and critical sectors of the national economy. While addressing journalists during a press conference held in Abuja on Tuesday, the minister acknowledged that the continuous blackout has made daily living more difficult, especially as the country faces extreme dry-season temperatures. The minister stated that he was offering an official apology on behalf of the Federal Government, noting that the temporary disruption has resulted in hardship for many Nigerians, particularly during the period of intense heat being felt nationwide. He explained that the outages have affected several areas of national life, including commercial activities, educational institutions, and industrial operations. According to him, the government did not intentionally allow the situation to occur, but certain circumstances beyond its direct control contributed to the current power shortage. Despite the ongoing difficulties, the minister assured the public that steps have already been taken to correct the problem and that improvement in electricity supply is expected soon. He revealed that a special committee has been created to address the challenges affecting generation and gas supply, adding that commitments have been received from gas suppliers to support restoration efforts. He further explained that repairs on damaged gas pipelines are currently in progress, and projections indicate that noticeable improvement in power availability should begin within about two weeks once the work is completed. The minister also mentioned that authorities already have a clear schedule for the completion of important repair works, including those involving facilities operated by Seplat Energy, which are expected to help restore adequate gas supply to power-generating stations. According to him, the government has set up a monitoring committee to ensure that gas-producing companies meet their domestic supply obligations, since failure to supply sufficient gas has been one of the major reasons electricity generation has remained below expected levels. He added that better payment arrangements are also being introduced to encourage gas suppliers to deliver more fuel to generating companies, which will in turn improve overall electricity output. Nigeria’s power sector depends largely on gas-fired plants, and the minister noted that interruptions in gas supply, maintenance of pipelines, and financial difficulties within the sector have all contributed to the present challenges being experienced nationwide. He admitted that these structural problems have affected stability in the electricity grid, but assured that government agencies and operators are working continuously to restore normal supply and strengthen the system. The minister stressed that efforts are ongoing around the clock to return the sector to the level of performance recorded in 2025, when the government received commendation from citizens for improved electricity delivery. He also restated the Federal Government’s objective of increasing national electricity generation to about 6,000 megawatts before the end of 2026, describing the current situation as only a temporary setback in the wider reform programme being implemented in the power sector. According to him, improvements are expected across generation, transmission, and distribution, and the government remains confident that the planned output target will be achieved, leading to better service for Nigerians. The minister concluded by saying that the administration is not only determined to restore previous performance but also to exceed earlier achievements, adding that if the country was able to deliver better electricity supply in the past year, then even greater results should be possible in the current year.
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The ongoing confrontation surrounding the Strait of Hormuz has intensified after Iran effectively restricted movement through the strategic waterway, leading to sharp warnings from the United States and several Gulf nations. Both sides are now issuing threats targeting oil and energy infrastructure across the Middle East, raising fears of wider regional conflict. The President of the United States, Donald Trump, warned that Iran could face severe destruction of its energy facilities if the passage is not reopened within a period of 48 hours. According to the statement, Washington is prepared to take decisive action should Tehran fail to comply with the demand to restore full navigation through the channel. Iran responded immediately, declaring that any attack on its power stations would result in direct retaliation against energy-related installations connected to the United States throughout the Middle East. Officials in Tehran said the response would be permanent and irreversible if such actions were taken. The deadline issued by Washington is set to expire today, increasing tension across global markets and military circles. The warning from the U.S. president came shortly after Iranian missile strikes hit towns in southern Israel, including Arad and Dimona. Reports confirmed that more than 160 people were injured, making it one of the most damaging incidents since the conflict began. Following the attack, Israel’s Prime Minister, Benjamin Netanyahu, stated that the country would respond on every possible front. Iran had earlier restricted access to the Strait of Hormuz, a water route responsible for transporting nearly one-fifth of the world’s crude oil during normal conditions. Analysts say the move represents one of Iran’s strongest bargaining tools in the ongoing confrontation. The crisis has already pushed global oil prices higher, with Brent crude rising above 105 dollars per barrel. Experts warn that continued disruption in the region could have long-term consequences for the world economy, especially for countries dependent on imported fuel. The ultimatum from Washington also came at a time when earlier statements suggested the United States might reduce military operations after weeks of conflict. Instead, the latest developments show increased military deployment, with additional American forces being sent to the Middle East. Iran’s Foreign Minister, Abbas Araghchi, said that restrictions in the Strait were only applied to ships belonging to countries involved in attacks against Iran. He added that vessels from neutral countries would receive assistance and safe passage. In a message posted online, President Trump stated that the United States would strike several Iranian power facilities, starting with the largest, if the Strait was not fully reopened within the specified time. Supporting the president’s position, U.S. Treasury Secretary Scott Bessent said that escalation might be necessary in order to bring the war to an end. He explained that increasing pressure could sometimes be required before a reduction in hostilities becomes possible, adding that strong action is the only language Tehran understands. Iran Warns of Attacks on U.S.-Linked Energy Facilities Iranian military officials announced that energy and desalination plants connected to the United States and its regional partners could become targets if Iran’s infrastructure is damaged. According to reports from Iranian media, the country is prepared to respond quickly if its power plants are attacked. The Speaker of Iran’s parliament, Mohammad-Bagher Ghalibaf, stated that important oil and energy installations across the region would be considered legitimate targets if Iran suffers damage to its own facilities. He warned that such actions could keep oil prices high for a long time and create lasting economic consequences. The intelligence division of Iran’s Revolutionary Guard also issued a statement suggesting that potential responses may not be limited to the Middle East alone. Officials said they have prepared a list of technological and political targets that could be struck within a short period if threats continue. The same statement claimed that Iran has strengthened its control over the Strait of Hormuz and gained influence over global energy supply routes during the conflict. Iran’s military command further warned that the Strait could be completely closed if the United States attacks Iranian power stations. According to the announcement, the waterway would remain shut until any destroyed facilities inside Iran are rebuilt. Officials also threatened possible strikes on Israeli power stations, communication networks, and energy facilities, along with infrastructure located in countries that host U.S. bases or companies connected to American investors. The military described these actions as necessary steps to protect the country and defend national interests. Iran Imposes Heavy Fees on Ships Crossing Strait of Hormuz An Iranian member of parliament, Alaeddin Boroujerdi, said that some ships passing through the Strait of Hormuz are being required to pay a fee of about two million dollars. He explained that the new rule reflects the cost of war and shows Iran’s authority over the strategic route. According to his statement, the new policy demonstrates the power the Islamic Republic holds over the waterway, especially during times of conflict. Meanwhile, Iran launched missile attacks on Israeli towns after strikes were carried out against the Natanz nuclear facility. The attacks on Arad and Dimona caused injuries to more than 160 people and resulted in serious damage to residential buildings and surrounding areas. Emergency responders reported dozens of casualties, including several people in critical condition. Images from the scene showed large craters and destroyed structures caused by the impact of the missiles. Dimona is known for hosting a sensitive facility widely believed to be connected to Israel’s nuclear capability, although the country has never officially confirmed possessing nuclear weapons. Iran said the strike was carried out in response to damage caused to its Natanz nuclear site, where underground centrifuges are used for uranium enrichment. The facility had already been affected during previous fighting. The United Nations nuclear agency urged all sides to avoid further escalation, warning that attacks on nuclear sites increase the risk of serious accidents. Israel denied responsibility for the Natanz strike but confirmed that it had targeted a research location in Tehran that it claimed was linked to missile and weapons development. WHO Warns
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Israel carried out another series of airstrikes on Tehran on Monday, while Iran warned it could respond by targeting critical facilities across the Middle East. The ongoing confrontation has pushed the global economy toward one of the most serious energy supply crises seen in decades. Loud explosions were reported across Tehran, according to Iranian state media, as regional tensions intensified. At the same time, Saudi Arabia and the United Arab Emirates confirmed that their defense systems were intercepting incoming drones and missiles aimed at strategic locations. According to International Energy Agency Director Fatih Birol, at least forty energy-related installations throughout the oil-producing region have suffered heavy or extremely heavy damage since the conflict escalated. The war, which began following joint Israeli-US strikes on Iranian targets, has now entered its fourth week, increasing pressure on global fuel supplies. Iran has responded to the attacks by launching missiles and unmanned aerial vehicles toward Israel and several Gulf locations over recent weeks. Some of the strikes reportedly hit energy facilities and diplomatic compounds linked to the United States. In addition, shipping activity in the Strait of Hormuz has been restricted, raising concern because the passage carries roughly one-fifth of the world’s crude oil shipments. Oil prices have remained above one hundred dollars per barrel amid fears of shortages. US President Donald Trump warned that Iranian power stations could be destroyed if Tehran failed to reopen the strait within forty-eight hours. The deadline, calculated from the time of his social media statement, would fall late Monday night GMT, early Tuesday morning in Iran. Iranian officials rejected the warning. Parliament Speaker Mohammad Bagher Ghalibaf stated that if such action occurred, key infrastructure throughout the region would be treated as legitimate military targets and could be permanently destroyed. Speaking about the scale of the situation, Birol explained that around eleven million barrels of oil per day are currently being lost due to the conflict. This figure exceeds the daily supply disruption recorded during the two major oil crises of the 1970s. He stressed that no nation would escape the consequences if the situation continued to worsen and called for coordinated global action while speaking to reporters in Canberra. Iran considers new restrictions in Hormuz Asian stock markets weakened while oil prices climbed again early Monday, with US crude briefly touching the one-hundred-dollar mark. Iran has recently allowed limited passage through the Strait of Hormuz for vessels from countries it considers friendly, while warning that ships from nations involved in the conflict could be blocked. Lawmakers in Tehran are also discussing the possibility of imposing fees on ships using the route, with Ghalibaf saying maritime movement will not return to its previous level while the war continues. Trump has given mixed signals about the duration of the military campaign, stating on Friday that he was thinking about reducing operations, before later threatening strikes on power facilities, a move that would significantly increase the level of escalation. Extended fighting in Lebanon Israeli Prime Minister Benjamin Netanyahu has indicated that the campaign against Iran and its allies could last for a long period. Iran has long been accused by Israel of supporting Hamas, which carried out the October 7, 2023 attack that triggered the war in Gaza. Israel has also expanded ground operations against Hezbollah in Lebanon, warning that the fighting there may continue for weeks. Military spokesman Brigadier General Effie Defrin told citizens that further clashes with Iran and Hezbollah should be expected. Israeli forces said they had been ordered to destroy bridges used by Hezbollah fighters to cross the Litani River, located about thirty kilometres north of the Israeli border. Lebanon’s health ministry reports that more than one thousand people have been killed since Israeli strikes began, while over one million residents have been displaced. Lebanese President Joseph Aoun described the attacks on bridges as a dangerous escalation and a violation of national sovereignty, warning they could signal preparation for a ground invasion. Prime Minister Nawaf Salam also blamed Hezbollah for contributing to the conflict, noting that the group began firing rockets after the reported killing of Iran’s Supreme Leader Ali Khamenei at the beginning of the war. Missile strikes reach southern Israel Israel has long relied on advanced air-defense systems, and both Trump and Netanyahu have claimed that several Iranian military sites were destroyed earlier in the campaign. However, Iranian missiles managed to bypass defenses and struck two southern Israeli towns, including Dimona, which lies near the country’s desert nuclear research facility, injuring dozens of people on Saturday. Residents said they believed the area was secure until the strike occurred. Netanyahu later stated that senior members of Iran’s Revolutionary Guards would be personally pursued as he visited damaged areas in the town of Arad. Rescue teams reported that one missile landed only a few kilometres from a location widely believed to hold the Middle East’s only nuclear arsenal, although Israel has never officially confirmed possessing nuclear weapons, maintaining that the site is used for research purposes. Iran said the strike near Dimona was retaliation for an earlier attack on its nuclear complex in Natanz. When asked about the incident, Israeli military officials said they were not aware of a strike on the facility. In Iran, reports from the US-based Human Rights Activists News Agency indicate that at least 3,230 people have been killed during the conflict, including more than 1,400 civilians. Independent verification remains difficult because journalists have limited access to the affected areas.
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Nigeria’s electricity supply challenges continue to worsen as Electricity Distribution Companies (DisCos) posted a combined financial loss of N2.349 trillion within two years, largely caused by billing leakages and weak revenue collection systems. The development has further aggravated the liquidity crisis affecting the Nigerian Electricity Supply Industry (NESI), leading to declining power generation and prolonged outages across the country. The power sector, already weighed down by an estimated N6 trillion debt as of December 2025, is moving closer to a structural breakdown. Several thermal power plants are currently struggling to secure enough gas supply required to maintain steady electricity generation, a situation that threatens the stability of the national grid. Persistent financial inefficiencies at the distribution level continue to erode the limited progress recorded in generation and transmission, making it difficult for the industry to maintain consistent power delivery to homes, offices, and businesses. Commercial performance statistics released by the Nigerian Electricity Regulatory Commission (NERC) show that DisCos recorded losses of N1.015 trillion in 2024, while the figure increased by 31.4 percent in 2025, reaching N1.334 trillion. This brings the total loss for the two-year period to N2.349 trillion. Further analysis of the 2025 data reveals that billing inefficiencies accounted for N649.87 billion, while poor revenue collection resulted in N684.28 billion loss. Quarter-by-quarter figures also show irregular changes in the loss pattern during the year. DisCos recorded N378.11 billion loss in the first quarter of 2025, followed by N344.7 billion in the second quarter. The figure dropped by about 18 percent to N282.8 billion in the third quarter, before rising again by 16 percent to N328.54 billion in the fourth quarter. Liquidity Crisis Worsens, Triggering Nationwide Blackouts The growing financial pressure in the electricity sector is now clearly visible in the form of declining power supply nationwide, with many consumers experiencing longer and more frequent outages. Average electricity generation on the national grid has dropped from about 4,600 megawatts in 2025 to below 3,500MW within the first two months of 2026, worsening the power shortage. Industry figures indicate that Generation Companies (GenCos) are owed more than N6 trillion, forcing several plants to operate below installed capacity or shut down some units intermittently. Gas suppliers have also reduced deliveries due to unpaid invoices, further affecting electricity production. As a result, rolling blackouts have returned in many parts of the country, with DisCos adopting load-shedding to manage the limited electricity available. In several states, daily supply has fallen below 12 hours, while some communities receive only four to six hours of power. Residents in parts of Abuja, including Karu and Lokogoma, now receive only a few hours of electricity daily, forcing households and businesses to rely heavily on generators and alternative energy sources. Other states under the Abuja Electricity Distribution Company (AEDC), such as Nasarawa, Niger, and Kogi, have also experienced extended outages. In Delta State, within the Benin Electricity Distribution Company (BEDC) network, electricity supply remains unstable, with many communities receiving less than three hours of power daily. Residents in Ughelli, Warri, Sapele, Oleh, and nearby towns report persistent blackouts despite high estimated bills, with some communities staying in darkness for days without official explanation from the distribution company. Public frustration continues to grow as many consumers describe the current situation as unbearable. Presidential Villa Moves Off National Grid In a move that highlights the seriousness of Nigeria’s electricity problems, the Presidential Villa in Abuja has begun steps to disconnect from the national grid after completing a solar mini-grid project. The project, valued at about N17 billion, involves installing a dedicated solar hybrid power system designed to provide uninterrupted electricity to the seat of government. Officials explained that the decision was taken to guarantee energy security and reduce dependence on the unstable national grid. However, the Acting Managing Director of AEDC, Engr. Chijoke Okwuokenye, disagreed with the decision, saying it was not because the company could not supply electricity. According to him, the Villa had long relied on generators to avoid the risk of power interruption, and the arrangement continued over the years. He stated that with additional investment in storage and network upgrades, uninterrupted electricity could have been achieved without leaving the grid. He added that modern technology makes it possible to provide reliable power at a cost lower than diesel generation, and that DisCos are capable of delivering premium hybrid solutions that guarantee constant supply. He also noted that the continued use of generators by government agencies suggests that other interests may be influencing such decisions. Consumers Accuse DisCos of Exploitation Chairman of the Electricity Consumers Association of Nigeria, Chijoke James, accused distribution companies of exploiting customers through estimated billing. He said estimated billing remains one of the most unfair practices in the Nigerian power sector, as consumers are often charged for electricity they never received. According to him, excessive bills are one of the main reasons many customers refuse to pay. He also alleged that some staff members take advantage of the situation by demanding unofficial payments from consumers under the threat of disconnection without remitting the money to the company. He added that the sight of officials carrying ladders now creates suspicion among residents, who often believe the visit is meant for extortion rather than service delivery. Experts Blame Metering Gaps as Government Responds Power sector consultant and legal practitioner Bode Fadipe linked many of the sector’s inefficiencies to the lack of proper metering and poor transparency. He explained that without accurate meters, electricity consumption cannot be correctly measured, which leads to estimated billing. According to him, any billing method based on assumptions will always create disputes between consumers and distribution companies. He stressed that electricity can be measured at every stage of the value chain, from generation to transmission and distribution, and that proper metering is the only reliable solution. He also expressed concern that the Federal Government has not shown enough political commitment to fully resolve the financial crisis in the sector. He noted that some operators believe the government will always step in
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The President of the United States, Donald Trump, on Saturday issued a strict 48-hour warning to Iran, demanding that the country immediately reopen the vital shipping route known as the Strait of Hormuz or risk having its energy infrastructure destroyed. The warning came at the same time that Tehran carried out one of its most damaging military attacks against Israel since the conflict began. The strong ultimatum was delivered only a day after the US leader suggested that he might consider reducing military activity following nearly three weeks of intense fighting in the region. However, tensions rose again as the crucial oil transit corridor remained practically shut, while additional American Marines were reportedly being deployed toward the Middle East to strengthen US presence. Posting on the social media platform Truth Social, Trump declared that the United States would strike Iranian power facilities if the strait was not fully reopened within the stated deadline. He warned that the operation would begin with the largest energy installation first, emphasizing that the action would be swift and overwhelming if Iran failed to comply before the deadline, which he indicated would expire late Monday according to the timestamp of his message. Iran’s Foreign Minister, Abbas Araghchi, responded by stating that restrictions in the waterway were only applied to ships belonging to countries involved in military actions against Iran. He added that vessels from nations that remained neutral in the conflict would continue to receive assistance and safe passage. Following the American warning, Iran’s military released a statement through the Fars news agency saying that any attack on Iranian infrastructure would result in retaliation against energy facilities and desalination plants connected to the United States and its allies in the region. The warning from Washington came shortly after two Iranian missiles struck southern parts of Israel, leaving more than one hundred people injured in what officials described as the most destructive assault since the war started. Israel’s Prime Minister, Benjamin Netanyahu, immediately promised a response on every front, signaling that further escalation was likely. Reports indicated that the missiles managed to bypass Israel’s defense systems, causing severe damage to residential structures and leaving large craters in the affected areas. Emergency services confirmed that dozens of civilians were injured in the town of Arad, with several in serious condition. Earlier in the day, additional casualties were reported in Dimona, where footage showed extensive destruction, including debris, damaged buildings, and twisted metal scattered across the impact site. Dimona is widely believed to host Israel’s only nuclear-related facility, although the country has never officially confirmed possessing nuclear weapons. Military officials later confirmed that one of the missiles directly struck a building in the area, causing injuries at several locations, including a young boy who suffered serious wounds from shrapnel. Rescue workers continued searching through the ruins of damaged buildings as the situation remained tense. Netanyahu described the evening as extremely difficult and later confirmed that Israeli forces had launched new airstrikes targeting locations in Tehran. Iran claimed that the strike near Dimona was retaliation for earlier attacks on its nuclear facility in Natanz. The country’s Islamic Revolutionary Guard Corps, also known as the Islamic Revolutionary Guard Corps, said its forces also targeted additional towns in southern Israel and military-related locations in Kuwait and the United Arab Emirates. After the incident involving Natanz, the head of the International Atomic Energy Agency, Rafael Grossi, repeated calls for restraint, warning that continued military action could increase the risk of a nuclear accident. The Natanz facility contains underground centrifuges used for uranium enrichment as part of Iran’s disputed nuclear program, and it had already suffered damage earlier in the conflict. Israel denied responsibility for the Natanz explosion but confirmed that it had carried out strikes on a research facility in Tehran that it claimed was linked to the development of components for ballistic missiles. Rising tension around Hormuz The destruction seen in Israel followed weeks of heavy bombardment carried out by US and Israeli forces, which appeared to have had limited success in stopping Iran’s ability to launch missile and drone attacks throughout the region. Iran also attempted a long-range missile strike against the joint US-UK base on Diego Garcia, located thousands of kilometers away in the Indian Ocean. According to officials, the attack did not succeed, but it would have been the longest-range strike ever attempted by Iran if it had reached its target. The United Arab Emirates reported that it faced aerial threats after Iran warned regional countries not to allow attacks to be launched from their territory near the Strait of Hormuz. Iran’s control of the waterway has significantly disrupted global oil transport, as the strait normally carries a large portion of the world’s crude oil supply. The situation caused oil prices to surge, with Brent crude rising above one hundred dollars per barrel, raising serious concerns about the global economy. Several world leaders released a joint statement condemning what they described as the effective closure of the strait. The statement, signed by multiple countries including the United Kingdom, France, Germany, Italy, Australia, South Korea, Bahrain, and the UAE, expressed readiness to support efforts that would ensure safe navigation through the region. Trump also criticized some NATO allies, accusing them of not doing enough to secure the shipping route and urging them to take stronger action. Analysts note Iran’s endurance Security experts say Iran has shown unexpected resilience despite losing several senior leaders during the conflict. Analysts noted that the country’s ability to continue launching attacks suggests that its military capacity remains stronger than initially predicted. Researchers at the policy institute Chatham House said the situation demonstrated that Iran’s response capability had not been fully weakened and that the conflict could continue longer than expected. Meanwhile, people in Tehran marked the end of Ramadan while the war entered another week. Traditionally, the country’s supreme leader leads Eid prayers, but the current leader, Mojtaba Khamenei, has not appeared in public since taking power after the death of his father,
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The United States Department of Defense is reportedly preparing a request for an additional $200 billion budget increase to support the ongoing military confrontation with Iran. The proposal is expected to generate strong debate in the United States Congress, where lawmakers must approve any new federal spending before it becomes effective. According to a senior official within the administration, the funding proposal has already been forwarded to the White House for review, although final figures are still being discussed internally. During a recent press briefing, U.S. Defence Secretary Pete Hegseth declined to confirm the exact amount being requested, explaining that the numbers may still change as negotiations continue among government officials. Hegseth stated that military operations require substantial financial resources, emphasizing that funding is necessary to maintain operational strength, supply equipment, and support deployed troops. He also noted that the administration intends to cooperate with members of Congress to ensure that the armed forces receive the resources required to continue their mission. This new request comes in addition to the large defence budget that was approved last year as part of former President Donald Trump’s tax and spending legislation. With the United States national debt already exceeding $39 trillion, the proposal is expected to face resistance from fiscal conservatives who are concerned about government spending, as well as from Democratic lawmakers who are calling for greater accountability and transparency regarding the objectives of the conflict. Another issue raising concern among legislators is that Congress has not officially authorised the war, which has led to growing tension on Capitol Hill about the legal basis, strategy, and long-term goals of the military campaign. The funding request was first reported by The Washington Post, which cited officials familiar with the proposal. Members of Congress have already expressed different opinions about the request. Representative Ken Calvert, who supervises defence appropriations in the House of Representatives, indicated that additional funding may be necessary to restore military stockpiles and maintain readiness. In contrast, Representative Betty McCollum criticized the proposal, stating that Congress should not approve unlimited spending without receiving clear explanations about how the money will be used. House Speaker Mike Johnson also commented on the situation, describing the global security environment as increasingly dangerous, but he explained that he has not yet reviewed the complete funding proposal and would wait for detailed information before making a decision. The proposed funding increase is expected to lead to complicated bipartisan negotiations in Congress, with disagreements likely to focus on balancing military priorities with domestic spending needs, as lawmakers debate how best to manage national security while controlling the federal budget.
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President Bola Tinubu concluded his two-day diplomatic visit to the United Kingdom without holding a scheduled discussion with the leader of the Conservative Party, Kemi Badenoch. During the visit, Tinubu and the First Lady, Oluremi Tinubu, held an audience with King Charles III and Queen Camilla, where conversations focused on cooperation with interfaith organisations. The Nigerian delegation also attended an official banquet at Windsor Castle on Wednesday. On Thursday, the Nigerian President proceeded to 10 Downing Street, where he met with the British Prime Minister, Keir Starmer, as part of engagements aimed at strengthening diplomatic and economic ties between both nations. According to reports gathered by PUNCH Diaspora Tales, it has traditionally been expected that visiting heads of state formally interact with both the sitting government and the opposition leadership during official trips. However, the Conservative Party leader, Badenoch, was not formally introduced to Tinubu during the gathering held at St George’s Hall. Badenoch, who has Nigerian ancestry, has previously made several critical remarks about Nigeria, including a past allegation that she was robbed by police officers during her younger years. Her repeated comments about the country have generated widespread reactions among Nigerians, especially after she stated last year that most of her life has been spent in the United Kingdom. She had said that although she knows Nigeria well and still has family there, she does not feel strongly connected to the country anymore, noting that her sense of home is now in the UK. She explained that her Nigerian background comes from ancestry and birth through her parents, but she does not personally identify with the country. Nigeria’s Vice President, Kashim Shettima, responded to her statements by warning against remarks that could be seen as disrespectful to Nigeria. His reaction sparked mixed opinions, with some Nigerians supporting his position while others defended Badenoch’s right to express her personal identity. At the royal event attended by several invited guests, including Afrobeats singer Tiwa Savage, Badenoch was present but was not officially acknowledged by Tinubu or members of the Nigerian delegation. Also in attendance was British-Nigerian rugby player Maro Itoje. The Nigerian President travelled with a 17-member delegation that included Senate President Godswill Akpabio, Attorney-General Lateef Fagbemi, and several cabinet ministers such as Dele Alake, Mohammed Idris, Wale Edun, Jumoke Oduwole, Hannatu Musawa, Bosun Tijani, and Bianca Ojukwu. Security officials present at the visit included Chief of Defence Staff Christopher Musa, National Security Adviser Nuhu Ribadu, and Director-General of the National Intelligence Agency Mohammed Mohammed. The main objective of the President’s trip was to reposition the long-standing relationship between Nigeria and the United Kingdom into a modern economic partnership focused on trade, investment, and strategic cooperation.
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South Korea originally designed the Cheongung-II missile defence platform to counter threats from North Korea. However, recent conflict situations in the Middle East have shown the system performing against Iranian missile attacks, placing Seoul among the fastest-growing defence technology suppliers in the global market. The Cheongung-II, also called KM-SAM Block II, is a medium-range surface-to-air interceptor created to destroy incoming ballistic missiles and aerial threats. Reports indicate that the system achieved an interception success rate close to 96 percent during operations involving missiles launched toward the United Arab Emirates. Military analysts noted that the performance of the Korean interceptor rivalled, and in certain scenarios exceeded, the effectiveness of the American Patriot missile defence platform. One major factor attracting international attention is the cost difference, as the South Korean system is estimated to be available at roughly one-third of the price of comparable US equipment. This balance between reliability in real combat situations and significantly lower pricing has increased global demand. Earlier this month, a United Arab Emirates Air Force C-17 transport aircraft arrived in Daegu to collect additional interceptor missiles, highlighting the urgent need for the technology in the Gulf region. The Cheongung-II system proved its operational capability under real battlefield conditions, prompting Abu Dhabi to request more units sooner than originally planned. Security experts say that rising concerns over missile and drone attacks across the Middle East have limited the number of countries capable of delivering modern air defence systems quickly, leaving South Korea in a strong position as a supplier. The interceptor battery is designed for efficiency and fast deployment. A standard unit includes multiple launcher vehicles, each fitted with several missile tubes, supported by advanced radar equipment and a central engagement control station. The system has a range of roughly forty kilometres and can intercept targets flying below fifteen kilometres in altitude. This range fits the typical flight profile of many ballistic missiles and unmanned aerial vehicles used in recent conflicts. Often described as a missile designed to destroy other missiles, the Cheongung-II was created to operate inside a layered air defence structure. It can integrate with American and NATO-compatible platforms, allowing countries to deploy it without major modification to existing defence networks. The United Arab Emirates had already received part of its order before tensions in the region increased. Saudi Arabia and Iraq have also signed agreements to purchase the system, while the UAE alone placed orders for multiple batteries under earlier contracts. After the recent interception results became known, the UAE requested faster delivery of the remaining systems and additional interceptor missiles. Reports indicated that a batch of missiles was urgently transported from South Korea to strengthen Gulf air defence capability. South Korean officials explained that accelerating production is difficult due to earlier commitments and limited manufacturing capacity. Some of the missiles sent abroad were originally planned for domestic defence use, which may temporarily affect readiness against potential threats from North Korea. During diplomatic discussions following these deliveries, the United Arab Emirates reportedly promised priority crude oil supply to South Korea, a move widely seen as a reciprocal gesture for the rapid missile support provided. Government representatives confirmed that the agreement includes millions of barrels of oil, enough to cover several days of national demand, strengthening economic cooperation alongside defence ties. Industry analysts believe that the exchange shows how defence technology agreements can influence energy partnerships and broader strategic relationships. For Hanwha Aerospace, one of the main companies involved in the Cheongung-II programme, the successful combat performance has generated strong interest from additional countries in the Middle East and other regions. The attention is not limited to a single interceptor. South Korea is presenting itself as a provider of a complete air defence structure, including systems designed for different altitude levels and threat types. At shorter ranges, the K30 Biho platform uses rapid-fire guns to stop drones and low-flying aircraft. At higher altitudes, the L-SAM interceptor, currently under development, is intended to destroy ballistic threats at extreme heights and is often compared to advanced US missile defence systems. Some Gulf countries have reportedly shown interest in the L-SAM even before it enters full production, demonstrating growing confidence in Korean defence technology. Experts also note increasing demand for future-focused solutions such as directed-energy weapons and laser defence systems, which can counter large numbers of inexpensive drones used in modern warfare. The development of Cheongung-II began more than a decade ago under South Korea’s defence research programme, with major aerospace and electronics companies working together to create an independent interceptor capability. The goal was to replace older imported missile systems and build technology suited specifically to regional threats. After several years of testing, the platform entered service and later moved into full-scale production, placing South Korea among the few nations capable of manufacturing advanced surface-to-air missile systems without foreign assistance. Over the past few years, South Korea has recorded tens of billions of dollars in defence exports, supported not only by the Cheongung-II but also by tanks, artillery systems, and combat aircraft sold to countries in Europe, Asia, and the Middle East. One reason for the success is that delivery schedules are often faster than those offered by traditional suppliers. Contracts usually include flexible maintenance terms, technology-transfer options, and competitive pricing compared with American and European manufacturers. Another advantage is compatibility with existing NATO and US military equipment, allowing buyers to integrate Korean systems without expensive redesign of their defence networks. Analysts say the Cheongung-II programme represents an important step in South Korea’s plan to become one of the world’s leading exporters of defence equipment by the end of the decade. With continued investment in artificial intelligence, unmanned systems, and next-generation weapons, the country aims to strengthen its position in the global security industry. Recent emergency deliveries from Daegu to the Middle East suggest that this goal is becoming increasingly realistic as demand for reliable and affordable missile defence technology continues to grow.
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Iran reportedly fired two ballistic missiles in the direction of the joint United States–United Kingdom military facility located on Diego Garcia Island in the Indian Ocean, according to a report published by the The Wall Street Journal on Friday, which cited statements from American defense officials. According to the report, neither of the missiles successfully struck the intended location. The base is situated roughly 2,500 miles (about 4,000 kilometres) away from Iranian territory. However, the missile launch indicates that Tehran may possess longer-range missile capability than previously estimated by Western intelligence analysts. Officials familiar with the matter suggested that the test could demonstrate improvements in Iran’s ballistic technology and operational reach. The United States Department of Defense declined to provide any official response regarding the incident when contacted, maintaining its usual policy of not discussing sensitive military intelligence matters. Sources cited in the report explained that one of the missiles malfunctioned during flight before reaching its destination, while the second projectile was reportedly engaged by a defensive interceptor launched from a United States naval vessel stationed in the region. It remains uncertain whether the interceptor successfully destroyed the incoming missile, as no confirmed impact report has been released. Diego Garcia, located within the Chagos Archipelago in the Indian Ocean, is regarded as one of the most strategically important overseas military installations used jointly by the United States and the United Kingdom. The facility plays a key role in long-range military logistics, surveillance operations, and regional defense coordination across Asia and the Middle East. The island is one of the bases Britain currently permits the United States to operate for defensive and strategic missions connected to tensions involving Iran. Over the years, American forces have deployed long-range bombers, surveillance aircraft, and other military assets to the installation, making it a central hub for operations across Asia, including previous US air campaigns in Afghanistan and Iraq. Britain has also reached an agreement to return sovereignty of the Chagos Islands to Mauritius after maintaining control of the territory since the 1960s. Despite the planned transfer, the United Kingdom will continue leasing the Diego Garcia base for military purposes, allowing the joint facility to remain operational for future security activities. The island is the largest in the archipelago and remains the most significant military site in the region. The recent missile launch highlights growing security concerns in the Indian Ocean region and raises fresh questions about the range and capability of Iran’s missile program. Defense analysts believe the development could influence future military planning by Western allies and may lead to increased monitoring of long-range weapon tests in the region.
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Morocco’s financial stability is facing increasing pressure as global fuel market tensions continue to highlight serious weaknesses linked to the country’s strong dependence on imported energy, according to a recent assessment published by Allianz Research. The study ranks Morocco among the nations most vulnerable to prolonged disruption around the Strait of Hormuz, stressing that the country relies heavily on refined petroleum brought in from abroad. Because of this dependence, the national economy reacts quickly whenever international oil prices fluctuate. A major concern highlighted by analysts is the presence of what they describe as a triple-deficit condition, which combines a widening government budget shortfall, a current account imbalance, and a high energy import burden. When these three factors occur at the same time, the Moroccan dirham becomes more exposed to volatility, and the government may face higher borrowing costs whenever global markets experience instability. Figures referenced in the report indicate that Morocco’s energy trade deficit currently represents close to five percent of its gross domestic product. This exists alongside a fiscal gap estimated at about 4.5 percent, while the current account deficit remains near 1.5 percent. Such a combination places the country in what economists classify as a high-sensitivity zone, meaning the economy can react sharply whenever oil and gas prices increase. Official statistics also show that spending on energy imports exceeded ten billion dollars last year, making fuel purchases one of the largest external costs for the country. Another point of concern is the limited level of strategic reserves. Morocco is estimated to maintain oil stocks sufficient for roughly thirty days of consumption, which is significantly lower than the reserves held by countries such as Poland and China. With such a small buffer, the country has less flexibility if global supply routes are interrupted. At present, the most immediate threat comes from rising prices, which could lift inflation by nearly one percentage point. However, the larger danger would appear if shipments through the Strait of Hormuz were blocked for a long period. A disruption lasting more than three months could make it difficult for Morocco to obtain enough fuel, increasing pressure on public spending and slowing economic activity. Despite these risks, the situation has not yet reached a crisis level. Foreign-exchange reserves currently cover about six months of imports, giving policymakers some room to soften the impact on consumers and businesses if external conditions worsen. The central bank, Bank Al-Maghrib, is therefore expected to keep interest rates unchanged in the near term while prioritizing price stability and protection of the national currency. Unlike oil-exporting economies such as Nigeria or Brazil, which can benefit from higher prices through export revenue, Morocco remains structurally more exposed because it depends on buying energy from abroad. Similar vulnerabilities are also present in other fuel-importing nations including Egypt, Tunisia, and Jordan.
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During his recent visit to the United Kingdom, President Bola Tinubu addressed a gathering of Nigerians and international dignitaries at the Nigeria Modernism Exhibition in London. His speech highlighted his administration’s dedication to restoring optimism, driving economic growth, and shaping a prosperous future for all Nigerians. Speaking to the diaspora community, President Tinubu emphasized the importance of hope in nation-building. He stated, “We were elected to reignite hope. Our mission is to restore confidence and optimism, and this hope resonates with countless Nigerians both at home and abroad.” Nigeria Emerging from a Period of Economic Uncertainty President Tinubu reflected on Nigeria’s journey through challenging economic times. “We have successfully navigated our way out of a dark tunnel, marked by financial instability and the despair that previously clouded our nation,” he said. “Today, our sights are set on a bright and promising future, one we are committed to extending to every Nigerian citizen.” The president also acknowledged the significant role of Nigerians living and working overseas, particularly in the UK. He remarked, “As the Deputy Prime Minister rightly noted, millions of Nigerians abroad contribute meaningfully not only to the UK economy but also to Nigeria’s economic development.” Reframing African Economic Narratives Addressing international perceptions of African economies, President Tinubu challenged prevailing narratives that paint Africa in a negative light. He asserted, “I respectfully disagree with certain credit ratings that attempt to define the African economy. The challenge is not with the people assigning these ratings, but with creating our own standards and benchmarks. We must determine our own identity and chart our own course.” Tinubu’s comments reflect a broader vision for Africa and Nigeria’s place in the global economy, emphasizing self-reliance, innovation, and determination. A Call for Optimism and National Pride Concluding his address, President Tinubu urged Nigerians to embrace positive change and collective progress. “It is incumbent upon all of us to focus on the good that Africa, particularly Nigeria, has to offer. As your leader, I commit to remaining a source of inspiration and hope,” he stated. “Our administration is dedicated to renewing hope and building a future filled with promise and opportunity for every Nigerian.” This visit underscores the administration’s commitment to economic reform, diaspora engagement, and national renewal, highlighting the pivotal role Nigerians abroad play in shaping the country’s development.
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The Federal Fire Service (FFS), Federal Capital Territory (FCT) Command, has announced a strict “no holiday” directive for all personnel during the Eid-il-Fitr celebrations. This decision aims to guarantee the protection of lives and property throughout the festive period. In a statement released on Thursday, the Command’s Public Relations Officer, SF Anyam Barnabas, highlighted that the FCT Controller, Mohammed Suleiman Anas, emphasized the Service’s continuous operational readiness. The directive ensures that all firefighting and emergency units remain fully functional and prepared to respond to any emergencies without delay. During a pre-Eid briefing with station commanders, Anas instructed that maximum personnel be deployed across all units. Fire trucks, rescue vehicles, and emergency equipment are to be thoroughly checked, maintained, and ready for rapid deployment in case of incidents. “The Federal Fire Service is a critical emergency response agency and does not observe public holidays. Our personnel are on duty round-the-clock to manage any fire or emergency situation in the FCT,” Anas stated, reassuring residents that swift intervention is guaranteed during the festive season. Anas extended his congratulations to the Muslim community on the successful completion of Ramadan, while also issuing a safety advisory. He warned that festive periods are often linked to heightened fire risks due to increased cooking, electrical usage, and recreational activities such as fireworks. Residents were urged to adhere to essential fire safety measures, including: The FCT Command has made emergency reporting straightforward, with incidents promptly attended to via the hotline 08032003557. By enforcing this no holiday directive, the FFS demonstrates its unwavering commitment to public safety, ensuring that the Federal Capital Territory remains secure during Eid celebrations.
