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The entry of Yemen’s Houthi rebels into the war on Iran’s side has sparked fears that the oil crisis affecting global trade could get worse. The threat of Iranian mines and missiles has kept much of the vital Strait of Hormuz closed, with oil tankers forced to leave the Gulf and causing the price of a barrel to skyrocket. Saudi …

The federal government has granted ₦50 million each to 45 students selected from 65 finalists from public and private tertiary institutions across the country under the Student Venture Capital Grant (S-VCG). The Minister of Education, Dr. Tunji Alausa, who unveiled the initiative on Sunday at the UNDP Innovation Hub, Ikoyi, said the S-VCG is a bold statement by the FG …

Civil society organizations have raised fresh concerns over the failure to use millions of dollars recovered from former public officials, warning that delays in disbursing the funds could erode public confidence in Nigeria’s fight against corruption. The groups said about $50 million linked to former Petroleum Resources Minister, Diezani Alison-Madueke, and $954,000 recovered from former Bayelsa State governor, Diepreye Alamieyeseigha, …

Three famous paintings worth millions have been stolen from a museum in northern Italy. Works by French artists Pierre-Auguste Renoir, Henri Matisse and Paul Cezanne were taken in an operation that lasted less than three minutes, police said. The thieves targeted the Magnani-Rocca Foundation villa, south of the city Parmaon the evening of March 22. According to sources close to …