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Houthi Attacks Hit Saudi Energy Sites as 73 Are Injured and Oil Prices Surge Toward $100
Iran-backed Houthi forces have launched attacks on several southern Saudi Arabian cities, injuring at least 73 people and triggering fires at energy facilities. The escalation has sent Brent crude above $99 a barrel as markets fear further disruption to global oil supplies.
Business
Dangote Refinery Launches ₦2.15tn IPO as Firm Targets 10 Million Investors
Dangote Petroleum Refinery and Petrochemicals is preparing to open what is expected to be Africa’s largest initial public offering, with the company targeting up to 10 million retail investors. The offer will sell 4.1 billion shares at ₦525 each, allowing eligible investors to participate with a minimum of ₦5,250.
Nigeria
Oyo Police Rescue 17 Children as Six Others Are Confirmed Dead in Suspected Trafficking Network
The Oyo State Police Command says it has rescued 17 children and arrested seven suspects following an investigation into an alleged interstate child-stealing and human-trafficking network. Police also say six children died while allegedly in the custody of members of the suspected network.
Nigeria
Senator Shehu Buba Faces Fresh Banditry Allegations as He Denies Any Link to Criminal Groups
Senator Shehu Buba Umar, representing Bauchi South, is facing renewed allegations linking him to banditry and suspected criminal networks in northern Nigeria. The allegations have circulated through social media and interviews, while the senator has strongly denied them and described the claims as fabricated. The Department of State Services has also indicated that an investigation into the allegations is ongoing.
World
Oil Prices Near $98 as US-Iran Tensions Raise Fresh Fears Over Global Fuel Costs
Brent crude briefly climbed to nearly $98 a barrel on Monday as escalating attacks between the United States and Iran raised fresh concerns about oil supplies through the Strait of Hormuz. The surge could have consequences for fuel prices, inflation and economies such as Nigeria that rely heavily on crude oil exports.
Business
Nigeria’s Foreign Reserves Hit $54bn as Naira Starts September on Stronger Footing
Nigeria’s foreign exchange reserves have climbed above $54 billion for the first time since 2008, while the naira has strengthened significantly against the US dollar. The reserve buildup is giving the Central Bank of Nigeria a larger foreign-exchange buffer as authorities continue efforts to stabilise the currency.
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