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By Muhyideen Jimoh Africa’s richest man, Alhaji Aliko Dangote, on Monday warned that escalating Middle-East tensions could trigger global oil shocks with severe consequences for Nigeria and African economies. Speaking in Lagos after a courtesy visit and Eid-el-Fitr homage to President Bola Tinubu, Dangote said, “We are part of a…

Pakistan, along with Turkiye and Egypt, is engaged in “active back-channel diplomacy” to “bridge the gap between” the US and Iran, an official in the administration confirmed to Dawn on Monday. The official said that through “active back-channel diplomacy”, involving US Special Envoy to the Middle East Steve Witkoff and…

The ongoing conflict in the Middle East has begun to show indirect economic effects in India. Disruptions in LPG supply has started to impact the hospitality sector and small-scale food vendors across several regions in Odisha as well. While there has been no direct impact, the ripple effects are being…

What we covered today By Thank you for reading our rolling coverage of the war in the Middle East. This live blog has closed for the day, but we will resume at 6am on Tuesday. Here’s what we covered today: US President Donald Trump has threatened to “obliterate” Iranian power…

Nigeria has retained one of the lowest petrol prices globally despite recent increases triggered by geopolitical tensions in the Middle East. According to GlobalPetrolPrices.com, petrol in Nigeria currently averages $0.88 (N1,191.39) per litre, significantly below the global average of $1.32 (N1,787.08) per litre, based on an exchange rate of N1,353.85 to the…

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The leader of Yemen’s Houthi Movement, Abdul-Malik al-Houthi, has announced the group’s formal alignment with Iran amid intensifying hostilities involving the United States and Israel, a move that heightens concerns about a wider Middle East conflict. In a televised broadcast monitored on Friday, Al-Houthi accused the United States of backing…

Minister of Finance Ahmed Kouchouk has announced a suite of unprecedented tax facilities and incentives designed to alleviate financial pressures on Egyptian citizens. Central to the new measures is the decision to raise the property tax exemption threshold for primary residences to LE 8 million, ensuring that the majority of middle-income…