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
Trump threatens Iran bridges, power plant in latest Hormuz attacks
Trump told reporters that he was “not finished” with a war that has already cost Washington $37.5 billion.
US President Donald Trump threatened on Wednesday to bomb Iranian bridge or power plant each time Theran attack ship in the Strait of Hormuz.
The latest round of escalation began on July 18.
Trump told reporters that he was “not finished” with a war that has already cost Washington $37.5 billion.
Fighting over the strait led to the collapse of a preliminary deal between the United States and Iran, and Tehran has reimposed its blockade on the strategic conduit for oil and gas shipments, firing on vessels that seek to transit.
The blockade has rattled markets and sent oil prices climbing, adding to the pressure on Trump to find an off-ramp to a conflict that has hit Americans’ pocketbooks heading into closely-fought midterm elections.
International
Zelensky sacks Ukraine’s top army commander after days of protests
Syrskyi was replaced by Mykhailo Drapatyi, 43, who is a popular, battle-hardened general.
•Zelensky
Ukrainian President Volodymyr Zelensky has dismissed the country’s army commander-in-chief, Oleksandr Syrskyi.
It comes just days after the removal of popular Defence Minister Mykhailo Fedorov – a move that triggered street protests across the country.Initial rumours that the end of Fedorov’s tenure was related to a conflict between him and Syrskyi were soon confirmed.
Fedorov, 35, has been widely praised for energising the ministry and transforming the armed forces, as well as leading a drive against corruption.
Syrskyi, 60, is seen by many in Ukraine as a Soviet-school commander reluctant to implement radical changes in the army.
Syrskyi defended his record in a farewell address, writing on Telegram: “An army that was fighting a difficult defensive campaign two years ago is now on the offensive.””I am handing over to my successor an army that is not only holding the line but is advancing… I sincerely hope this offensive will continue.”
Syrskyi was replaced by Mykhailo Drapatyi, 43, who is a popular, battle-hardened general.
” I will work responsibly, with full focus, and with respect for the people who are defending our country today,” Drapatyi said on Facebook
BBC
International
Burnham becomes PM, vows 10-year plan to stabilise UK
The 56-year-old is the sixth prime minister to enter Downing Street in the last 10 years.
•Incoming Prime Minister Andy Burnham poses with Britain’s King Charles III on July 20, 2026 (Photo by Aaron Chown / POOL / AFP).
Andy Burnham became British prime minister Monday after meeting King Charles III at Buckingham Palace and was set to set out his vision for the country after taking over from Keir Starmer.
In his first speech, Burnham vowed to put forward a 10-year plan for Britain, saying the country needed to make politics work.
“Britain needs to show the world that we can regain our stability once again,” Burnham said just after being appointed by King Charles III to take over from Keir Starmer.
He pledged to “issue my first instruction to end rough sleeping in our country” once he starts work.
Starmer departed Downing Street on Monday morning, insisting in a farewell speech his two years in office had made Britain a better place.
The monarch met Starmer to accept his resignation and Burnham arrived next for the formal procedure in which the king asked him to form the next government and he accepted.
The 56-year-old is the sixth prime minister to enter Downing Street in the last 10 years.
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