Abacha loot: Nigerian govt. should consult National Assembly on utilisation of funds

The global economy has so far shrugged off the Iranian strike on Israel. Important markets like oil had already priced in a possible attack, while gold and stock markets only moved slightly.

The global defense budget saw its largest yearly increase in 14 years in 2023, according to the think tank SIPRI. Russia's war in Ukraine, the China-Taiwan crisis and other global conflicts played a significant role.

Fuel shortages in Nigeria have raised the price of gasoline and caused huge queues in cities like the capital Abuja, in a country already grappling with high inflation and a cost of living crisis.