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Multinationals’ Exit Worsening Nigeria’s Economic Crisis – APC chieftain

Economic analysts had said that continuous exit of multinationals from Nigeria is not a good omen to the economy as this will reduce foreign investment inflows and affect the federal government’s plan to reach a $1 trillion GDP.

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A Chieftain of the All Progress Congress (APC), Olatunbosun Oyintiloye, has expressed concern over the mass exit of multinational companies from Nigeria in recent times, stressing that the ugly trend is worsening the economic crisis of the country as hundreds, if not thousands of Nigerians, have lost their jobs as a result.

Economic analysts had said that continuous exit of multinationals from Nigeria is not a good omen to the economy as this will reduce foreign investment inflows and affect the federal government’s plan to reach a $1 trillion GDP.

According to the APC Chieftain, “there is no doubt that if these foreign companies continue to exit Nigeria, it will have adverse effects on our economy.

“The exit of multinationals will worsen the economic challenges facing Nigerians. The trend will lead to a higher unemployment rate because Nigerians working in these companies may be retrenched after a change in ownership, decline in foreign investments, increased inflationary pressures, instability in foreign exchange, and reduction in government revenue will also set in.

“Take, for instance, Procter & Gamble alone accounted for approximately 5,000 jobs. The exit of GlaxoSmithKline, with a market capital of N22bn and over 400 highly technical workers will further exacerbate the already terrible unemployment rate.

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“Also, with the exit of Unilever with a net worth of N50bn and 755 employees, the concern keeps growing.

“Within the value chain, numerous enterprises serve as suppliers to these major corporations, and the sustainability of these companies is significantly threatened when the primary source of their business is facing a threat.

“The chances for survival of these secondary businesses are at stake, and their employees are also at risk of losing their jobs. There is an urgent need for us to pay more attention to the crisis within the value chain system than the situation is currently receiving.

Recall that Reuters had made a publication of the economic realities of the country rising from President Tinubu’s reforms, insecurity and other factors: “…millions in Africa’s largest economy, grappling with the worst cost of living crisis in decades, that has deepened since President Bola Tinubu introduced bold but unpopular economic reforms after he assumed office.

“Foreign companies like Procter & Gamble will stop manufacturing in Nigeria, while drug makers GSK Plc and Bayer AG will contract third parties to distribute their products, in part due to tough operating conditions and the naira slump.

“Africa’s biggest telecoms operator MTN Group (MTNJ.J), opens new tab posted a big fall in full-year profit citing naira devaluation, which also prompted soap maker PZ Cussons Plc (PZC.L), opens new tab to issue a profit warning.

“Widespread insecurity in food growing areas – including abduction for ransom by armed gangs, a long-running Islamist insurgency and farmer-herder clashes – is adding to the woes by keeping many farmers away from their fields.

Additionally, Surest Foam Limited, Mufex, Framan Industries, MZM Continental, Nipol Industries, Moak Industries, Stone Industries and GlaxoSmithKline Consumer Nigeria, are among companies and major employers of labour that have shut down recently in the country.

Unilever stopped the production of its legendary OMO, Sunlight and Lux home and skin care brands in a bid to cut costs, leading to loss of jobs.

Global Affairs

Iran–Israel War Escalates: Today’s Attacks, Trump’s Warning & Biblical Insights

The Iran–Israel conflict has surged into a full-fledged air war with growing humanitarian tolls. Trump’s evacuation call adds urgency and affects global stability.

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Iran–Israel War Escalates in today’s Attacks

Latest Developments

  • Israel’s Operation Rising Lion launched coordinated airstrikes targeting Iran’s nuclear sites (Natanz, Isfahan, Fordow), key IRGC commanders, and missile infrastructure—including in Tehran—claiming “total air superiority” (theguardian.com).
  • Iran retaliated with over 300 missiles and drones, landing in Tel Aviv, Haifa, and other regions (apnews.com).

Current Casualties & Damage

  • Iran: Health Ministry reports 224 killed, ~1,277 injured; independent sources suggest up to 400+ deaths, many civilians, with extensive damage to city infrastructures—water, power, hospitals (theguardian.com).
  • Israel: Official sources confirm 24 civilian deaths, ~60–500 injured from Iranian strikes (apnews.com).

Official Statements

President Donald Trump

  • Urged all Tehran residents to vacate right away; left G7 early to address crisis (reuters.com).
  • Pushed for a “real deal” nuclear agreement with Iran, denying ceasefire claims (reuters.com).

Israeli Government (PM & IDF)

  • PM Netanyahu stated the operation will persist “as many days as needed to neutralize the threat”—emphasizing hits on nuclear/scientific and missile facilities (understandingwar.org).
  • The military claims destruction of 120 missile launchers (~1/3 of Iran’s stockpile) and “total air superiority” over Tehran (theguardian.com).

Iranian Response


Humanitarian Impact & Civilian Exodus

  • Over 100,000 Tehran residents have fled northwards to Mazandaran, Gilan, and Alborz provinces (en.wikipedia.org).
  • Reports of fuel shortages, hospital strain, internet blackouts, and psychological distress are emerging (en.wikipedia.org).

🔮 What’s Next?

  1. Further military escalation — Iran may strike U.S. or allies if intervention continues (understandingwar.org).
  2. Nuclear diplomacy in limbo — Iran paused talks pending Israeli ceasefire; Trump supports negotiation .
  3. Broader regional ripple effects — Proxy groups, including Hezbollah, Houthis, and Iraqi militias, could escalate (en.wikipedia.org).
  4. Global economic disruptions — Oil prices spiked after Tehran warnings; airlines diverted flights (en.wikipedia.org).

Biblical Perspective

  • Operation Rising Lion invokes Isaiah 31:4 (“As a lion… roars!”), reinforcing Israel’s belief in its God-given resolve (newarab.com).
  • Some Christian prophecy scholars see this as part of eschatological build-up (Ezekiel 38, Isaiah 17)—though cautioned by others to avoid hasty conclusions (forums.crosswalk.com).
  • Biblical themes abound: calls for justice, divine defense, and the lament over cities under siege echo Psalms and prophets (e.g., Lamentations 2:1; Joel 3:2). Prayer for peace and wisdom is urged.

Key Takeaways

  • The Iran–Israel conflict has surged into a full-fledged air war with growing humanitarian tolls.
  • Trump’s evacuation call adds urgency and affects global stability.
  • Expect continued conflict, potential negotiations, and regional escalation.
  • Many believers are interpreting the events through biblical lenses—prayers for peace are critical.

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Global Affairs

Israel-Iran Conflict: History, Latest Impact & Solutions–Trackingtimes

This opposition has led to covert operations and battlefield skirmishes across Syria, Lebanon, Iraq, and Yemen.

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Trackingtimes News & Politics

Historical Background

Since Iran’s 1979 Islamic Revolution, tensions with Israel have grown over Iran’s nuclear ambitions and support for proxy militias like Hezbollah. Israel has consistently opposed any perceived existential threat. This opposition has led to covert operations and battlefield skirmishes across Syria, Lebanon, Iraq, and Yemen. These conflicts are mostly orchestrated from the shadows. This rivalry has rarely escalated into full-scale war.


Most Recent Updates & Casualties

🛑 Israeli “Operation Rising Lion” (Started June 13)

  • Targets hit: Over 100 Iranian sites—including Natanz and Isfahan nuclear facilities, IRGC bases, missile production plants, Tehran’s Ministry of Defense HQ, and oil/fuel depots near Tehran (english.mathrubhumi.com, theguardian.com, en.wikipedia.org, wsj.com).
  • Casualties in Iran: At least 78–224 killed (including 20+ senior commanders such as Maj Gen Mohammad Bagheri, Gen Hossein Salami, Gen Gholam Ali Rashid, Gen Amir Ali Hajizadeh); 6–14 nuclear scientists killed; hundreds wounded; many civilians among victims (theguardian.com).
  • Notable death: Brigadier Gen Mehdi Rabbani and his family were killed in one strike (en.wikipedia.org).

🇮🇷 Iranian Retaliation

  • Missile & drone attacks: Waves launched at Tel Aviv and Haifa; 65 ballistic missiles and scores of drones fired (theguardian.com).
  • Casualties in Israel: At least 14–24 killed and ~390 injured; critical infrastructure—including a power plant and U.S. Embassy wing—was damaged (theguardian.com).

Official Statements

Iran – Supreme Leader Ayatollah Khamenei

“Israel opened its wicked and blood‑stained hand… will receive a bitter and painful fate… severe punishment awaits.” (thedailyguardian.com)

Israel – Prime Minister Benjamin Netanyahu

“We acted pre‑emptively to prevent Iran’s nuclear bomb… we’ll do what we need to do. Regime change is possible.” (ft.com)

USA – President Donald Trump

“We were aware of the impending Israeli operation… working behind the scenes on a deal… vetoed Israeli plan to kill Iran’s Supreme Leader… unprecedented retaliation if Iran targets the U.S.” (theguardian.com)


🌍 Regional & Global Impacts

Middle East

  • New proxy wars erupt across Syria, Lebanon, Iraq, and Yemen.
  • Oil markets surged, then stabilized—global energy remains vulnerable .
  • Gulf and NATO countries deploy military to deter escalation amid high tensions (theguardian.com).

USA

  • Supports Israel’s missile defenses and may deploy naval vessels.
  • Oil price fluctuations could worsen inflation.
  • Diplomatic pressure mounts with vetoes and summit-level interventions .

Africa

  • Rising oil prices strain developing economies.
  • Cargo and shipping risks impact African trade.
  • Diaspora populations in Africa may intensify local debates or protests via spiritual and cultural channels.

📖 Historical & Biblical Lens

  • Biblical parallels: Books like Ezekiel (chapters 38–39) discuss invasions from the North targeting Israel. Some interpret modern Iranian threats through this prophetic narrative.
  • Spiritual implications: Maxwell Nnawuihe’s teachings on justice, fearlessness, and faith echo strongly amid this crisis.
  • Economic ties: Faith & Fortune Finance’s messages on biblical stewardship and fiscal resilience are directly relevant as nations and individuals face uncertainty.

🕊️ Pathways to Peace

  1. U.N.-mediated ceasefire with verified arms monitoring to halt further strikes.
  2. Inclusive regional security framework involving Gulf states, Iraq, and Syria to reduce proxy aggression.
  3. Faith-driven diplomacy: Interfaith councils (Christian-Muslim-Jewish) promoting reconciliation, trust-building, and shared economic ventures.
  4. Economic resilience programs: Channel resources into reconstruction and economic stability—aligning with themes from Faith & Fortune Finance’s “Kingdom Wealth” strategy.

  • Faith & Fortune Finance’s content tied to economic resilience:
  • “Biblical Wealth Under Crisis”
  • “Kingdom Finances When Markets Shake”

Maxwell Nnawuihe’s video on prophetic motivation and fearless leadership:

“Courageous Voices Precede Peace”

Conclusion

This Israel–Iran conflict marks a historic escalation, with devastating strikes, high-profile casualties, and global political impact. Blending historical, biblical, and economic insight provides deeper understanding—and grounds your YouTube channels in relevance.

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Biafra

Tinubu Refused To Honour Our Agreement To Release Nnamdi Kanu After Election– Kanu’s Brother

Disclosing that the meeting had the blessing of the president, Emmanuel, however, lamented that Tinubu has refused to honour the pact by releasing his elder brother and the IPOB leader, Mazi Nnamdi Kanu from the DSS dungeon in Abuja, Nigeria.

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Emmanuel Kanu, younger brother of the leader of the Indigenous People of Biafra, IPOB, Nnamdi Kanu, has said they had an agreement with President Bola Tinubu for the release of his elder brother, Mazi Nnamdi Kanu.

Emmanuel disclosed that he had the pact with Tinubu’s son, Seyi, in Abuja before the 2023 presidential election.

Disclosing that the meeting had the blessing of the president, Emmanuel, however, lamented that Tinubu has refused to honour the pact by releasing his elder brother and the IPOB leader, Mazi Nnamdi Kanu from the DSS dungeon in Abuja, Nigeria.

According to him, it was agreed that IPOB would not bycott the polls on the condition that Tinubu would release Kanu if elected President.

Prince Emmanuel expressed disappointment that nearly two years after the emergence of Tinubu as President, his brother (Kanu), has continued to languish in detention despite the fact that the presiding Judge, Justice Binta Nyako, had since recused herself from the matter.

He said it was disappointing that those who claimed to be honourable, failed to keep their words.

The statement read:”Before the last election, I received a message from an ex-governor that Seyi the son of President Tinubu wanted to see me. I agreed to meet with him on the condition that the overriding priority and hence the fulcrum of our discussion will be the release of my brother. The meeting was held in Abuja in the presence of another individual whom I asked along to witness the deliberations and if need be provide independent verification should the need arise.

“Seyi confirmed to me that his father sanctioned the meeting and that I should consider any agreement we reach as binding on the then candidate Senator Bola Ahmed Tinubu.

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“In good faith we agreed that I shall relay the outcome to my brother to reinforce the long held tradition of IPOB not interfering with the conduct of elections, either through boycott or any other form of civil disobedience. This understanding was duly communicated to my brother and he reaffirmed his commitment not to stop the elections or order any boycott.

“When President Tinubu as a candidate visited Owerri during his campaign, he too reiterated his commitment to facilitate the release of my brother if elected. We took his public statement as a tacit reaffirmation of the understanding I reached with his son Seyi.

“At the end, IPOB did not call for election boycott despite having the capacity to do so. IPOB also made sure that discordant voices urging election boycott were overcome because election boycotts would not reflect well on the reputation of a global movement that prides itself on adherence to democratic tenets.

“It therefore, defies logic that nearly two years after President Tinubu assumed the mantle of leadership in Nigeria, my brother is still in detention despite not having any charge against him. It’s been over three months now that Justice Binta Nyako recused herself from the case yet no new judge has been assigned the case.

“This is on top of the fact that Appeal Court had earlier discharged him of the sham charges and ordered his release which the previous regime of Buhari declined to obey.

“Supreme Court determination that his bail ought not to have been revoked has been ignored by the courts and the government. The latest insult is that Abuja courts of all persuasion are no longer willing to determine the case of Mazi Nnamdi Kanu on merit but are rather relying on ludicrous and inapplicable technicalities to stall the timely determination of his cases.

“The truth is that Nigerian courts cannot, will not and do not have both the substantive and procedural jurisdiction to try him. His detention is without the backing of any known law in Nigeria or elsewhere in the world.”

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