International
Nigeria has the resources and the leadership, we have never been more ready for business,” President Tinubu tells global energy industry

- ExxonMobil pledges nearly 40,000bpd in new Nigerian production in the short-term
President Bola Tinubu played host to a delegation consisting of the global leadership of an Oil & Gas transnational giant, ExxonMobil, on Monday in New York, where he made his position known that Nigeria is no longer settling for crumbs and leftovers on the investment agenda of the world’s most prolific energy conglomerates, saying “Nigeria has never been more ready for business than it is now.”

President Tinubu says, following an illustrious private sector career as a professional accountant in the oil & gas industry, he has proven his capacity to take difficult decisions as President and is best prepared to solve problems and crush all bottlenecks standing in the way of new and large-scale capital flowing into Nigeria’s oil & gas industry.
“The knotty issues require direct supervision on my part. Despite many contending obligations, I will sit down and oversee the process of removing these encumbrances to job and wealth creation for the Nigerian people. We know the industry. We grew up in it. We are positioned to solve the problems, and we are pragmatic, and we will solve the problem,” the President firmly assured.
ExxonMobil President of Global Upstream Operations, Liam Mallon, assured President Tinubu that he is aware of the new and personal commitment that the President is bringing to bear on behalf of Nigeria and is well placed to reciprocate the President’s efforts with new investment as he pledged new production of nearly 40,000bpd in its Nigerian operations in phase one of a new investment push in Nigeria.
“What you told us was that your team would collaborate with us, and that has proven true. We have made significant progress since we last met. We are growing our production, and we are working hard on expanding in the deep water production. We appreciate your efforts, and we will respond in kind. The time is right. Thank you for your leadership,” the ExxonMobil President stated.
International
30 injured as train derails in Iran

A train derailed in the southern Iranian province of Kerman on Friday, injuring more than two dozen people though no deaths were reported, according to local media.
“Thirty people were injured when a train derailed on the Kerman-Zarand railway path,” Babak Mahmoudi, head of the Red Crescent Society’s Relief and Rescue Organisation, told the Mehr news agency.
A statement from the public relations office of the national railway body carried by the Tasnim news agency reported that after “the timely arrival of railway technical personnel and rescue forces, all passengers safely exited the train”.
Train derailments are not uncommon in Iran, and while they do not generally result in deaths, there have been fatal disasters in the past.
In June 2022, 21 people were killed and dozens were injured when a train derailed near the central Iranian city of Tabas after hitting an excavator beside the track.
In 2016, two trains collided and caught fire in northern Iran, killing 44 people and injuring scores.
AFP
International
U.K.–India set to boost bilateral trade by over $34 billion a year
The FTA, which slashes duties on goods including textiles, alcohol and automobiles, was signed Thursday in the presence of Indian Prime Minister Narendra Modi and his UK counterpart, Keir Starmer.

•Indian Prime Minister Narendra Modi and his UK counterpart, Keir Starmer.
U.K. and India’s bilateral trade is set to get a more than $34 billion annual boost over the long term following their free trade agreement, with the countries’ leaders calling it a “historic” deal.
CNBC reported that the FTA, which slashes duties on goods including textiles, alcohol and automobiles, was signed on Thursday in the presence of Indian Prime Minister Narendra Modi and his UK counterpart, Keir Starmer.
Both sides had finalized the trade pact in May after three years of intense negotiations — marked by thorny issues such as visas, tariff reduction and tax breaks.
Talks gained momentum and both governments accelerated to seal the deal as U.S. President Donald Trump’s tariff threats sent the world in disarray.
The agreement between the world’s fifth and sixth largest economies is expected to boost their bilateral trade by 25.5 billion pounds per year by 2040.
Trade in goods and services stood at over 40 billion pounds in 2024.
The deal offers “huge benefits to both of our countries,” boosting wages, raising living standards and bringing down prices for consumers, Starmer said.
India’s Modi lauded the agreement as “a blueprint for our shared prosperity,” highlighting how Indian goods including textiles, jewelry, agricultural products and engineering items would benefit from a better access to the U.K. market.
International
Russian missing plane found in Forest – No Survivors
Amur’s regional governor Vasily Orlov said five children were among those on board and declared three days of mourning.

Russian officials say 48 people were killed when an Angara Airlines plane went down in a dense forest in the far-eastern Amur region.
The Antonov An-24 plane, carrying 42 passengers and six crew, had left Blagoveshchensk close to the Chinese border and vanished from radar screens as it approached Tynda airport, officials said.
A Russian civil aviation helicopter then spotted burning fuselage from the plane on a remote hillside about 16km (10 miles) from Tynda.
Amur’s regional governor Vasily Orlov said five children were among those on board and declared three days of mourning.
Orlov said that according to preliminary data, there were 43 passengers, including five children, and six crew members on board the plane operated by a Siberian airline.
-
News2 days ago
NCAA drags Fuji musician Kwam 1 to AGF, IGP after Abuja Airport incident
-
Business2 days ago
Dangote Refinery Debunks shutdown rumour, says PMS’s gantry price remains N850
-
International2 days ago
30 injured as train derails in Iran
-
Politics2 days ago
Senate’s Proposal to Elevate Ooni, Sultan Sparks Nationwide Debate
-
Business2 days ago
Ikeja Electric releases new prepaid meter prices
-
Crime2 days ago
Bandits kill respected community member, several others in Sokoto
-
News2 days ago
IPOB Condemns Supreme Court Ruling Overturning Nnamdi Kanu’s Acquittal on Terrorism Charges
-
News2 days ago
Five injured as tanker, bus collide in Lagos