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nimet warns of flash flood

NiMet Warns of Flash Floods Across 22 States: The Bigger Problem Is What Happens After the Rain

The Nigerian Meteorological Agency (NiMet) has warned residents in several parts of the country to prepare for flash flooding as torrential rainfall increases the risk of sudden flooding. The warning comes amid Nigeria’s peak rainy season, when saturated soil, overwhelmed drainage systems and intense downpours can turn ordinary rainfall into a serious hazard. Recent NiMet…

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tinubu says refineries will bounce back

Tinubu Says Nigeria’s Refineries Will Bounce Back, But Nigerians Have Heard This Before

President Bola Tinubu has again promised that Nigeria’s state-owned refineries will return to operation, saying the government is carrying out a “structural and economic reset” to ensure the facilities must become productive and profitable. That distinction is important because Nigeria has already celebrated refinery “revivals” that did not last. Port Harcourt restarted in November 2024,…

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julian alvarez atletico madrid

Real Madrid’s €150m Álvarez Bid Was Rejected, But Could the Transfer Still Happen?

Real Madrid’s attempt to sign Julián Álvarez from Atlético Madrid has already produced one of the most dramatic transfer stories of the summer. Madrid submitted a €150 million offer for the Argentina striker, but Atlético rejected it outright. The forward’s contract runs until 2030 and contains a reported €500 million release clause, giving Atlético an…

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cbn eases fx rules

CBN Eases FX and Government Securities Rules, But Will Nigerians Actually Feel It?

The Central Bank of Nigeria (CBN) has removed restrictions that previously prevented banks using its Standing Lending Facility, or discount window, from simultaneously participating in the Nigerian Foreign Exchange Market and primary auctions of government securities. The move took immediate effect following a review of conditions in the FX, money and fixed-income markets. On paper,…

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Houthis Push Towards Yemen’s Red Sea Coast And Mokha Could Become the Next Major Flashpoint

The reported Houthi ground offensive around Mokha and north towards Al-Khawkhah is significant for a reason that goes beyond Yemen’s civil war: control of this coastline could give the Houthis greater leverage over one of the world’s most important maritime corridors. Recent reporting confirms that Houthi attacks on Mokha have intensified, including repeated missile and…

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