Nigeria Holds Investors’ Forum for ₦729bn Series 2 Power-Sector Bond to Clear GenCos’ Legacy Debts

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The Federal Government is holding an Investors’ Forum in Abuja today ahead of the issuance of a ₦729 billion Series 2 Power Sector Bond, the latest step in its plan to settle long-standing debts owed to electricity generation companies (GenCos) and restore financial stability to Nigeria’s power sector. (The Nation Newspaper) The bond forms the...
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Philippines Reclassified as Upper-Middle-Income Economy by World Bank

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Manila | July 2026 The Philippines has officially been reclassified as an upper-middle-income economy by the World Bank, marking a major economic milestone after nearly four decades in the lower-middle-income category. The World Bank announced that the Philippines crossed the income threshold on July 1, 2026, after the country’s gross national income (GNI) per capita...
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UK PM Andy Burnham Unveils New Cabinet, Bringing the Starmer Era to a Close

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British Prime Minister Andy Burnham has unveiled his first Cabinet, sweeping aside many of the ministers who served under Sir Keir Starmer and signaling a decisive shift in the Labour government’s direction just days after winning the party leadership. Burnham, who was formally appointed prime minister by King Charles III on Monday following Starmer’s resignation,...
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US–Iran Escalation Deepens as Third US Service Member Is Killed and Washington Launches Ninth Night of Strikes

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The conflict between the United States and Iran intensified on Monday after the Pentagon confirmed the death of a third U.S. service member in recent days, prompting another round of American airstrikes against Iranian military targets. According to U.S. Central Command (CENTCOM), the latest casualty occurred in northern Iraq during a controlled detonation of an...
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Qatar Intercepts Fresh Iranian Missile Attack on Doha

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Qatar’s air defence systems intercepted a fresh wave of Iranian missiles targeting Doha on Friday, as hostilities between Iran and the United States continued to spread across the Gulf. Residents reported hearing loud explosions over the capital, while emergency alerts were sent to mobile phones advising people to remain indoors and follow official safety instructions....
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Kogi Rescues Abducted Principal, NECO Official, Two Students

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The Kogi State Government has announced the rescue of a school principal, a National Examinations Council (NECO) official and two students who were abducted from an examination centre in Dekina Local Government Area. The victims were rescued in a security operation involving relevant agencies, according to the state government. The abduction had disrupted the conduct...
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