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Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
Nigeria has submitted a formal bid to host a Formula 1 Grand Prix, in what officials are calling a landmark effort to place the country on the global motorsport map.
The announcement was made by Mallam Shehu Dikko, head of the National Sports Commission, who described the move as “a historic step to strengthen Nigeria’s position in international sport.”
He said the bid represents more than just the ambition to host a race — it reflects a broader vision to leverage Formula 1 as a catalyst for development.
“This is not only about bringing Formula 1 to Nigeria,” Dikko told reporters. “It’s about tourism, infrastructure, jobs, youth involvement, and economic growth. It’s a national project that touches every sector.”
The Abuja race would be Nigeria’s first ever F1 Grand Prix and only the third time the continent has featured on the official calendar, following earlier races in South Africa and Morocco. If approved, it would also signal Formula 1’s largest footprint in Africa in more than a decade.
Dikko said Opus Racing Promotions has been appointed as Nigeria’s official partner in the bid. Preparations are already underway, with discussions focused on circuit design, logistics, and partnerships with international stakeholders.
“This will boost national pride and send a strong signal that Nigeria is ready to host major global events,” he said.
“We expect it to create thousands of jobs and attract investment across the hospitality, transport, and infrastructure sectors.”
No date has been set, but organisers hope the Abuja Grand Prix could be included in the official F1 calendar within the next few seasons.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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