MR EAZI SPARKS REACTIONS AFTER PLAYFULLY LABELING BILLIONAIRE FATHER-IN-LAW FEMI OTEDOLA HIS 'CHAUFFEUR'. (PHOTO).

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 Mr Eazi Sparks Reactions After Playfully Labeling Billionaire Father-in-Law Femi Otedola His 'Chauffeur' Nigerian singer and entrepreneur Oluwatosin Oluwole Ajibade, popularly known as Mr Eazi, has once again captured the internet's attention. The music star recently shared a playful moment featuring his father-in-law, the billionaire business magnate Femi Otedola, which has quickly gone viral. Mr Eazi posted a video on his Instagram page showing him enjoying a ride in a sleek white convertible. What grabbed everyone's eye was not just the luxury vehicle, but the person behind the wheel: Otedola himself. Adding humor to the moment, Mr Eazi boldly captioned the video, "My Chauffeur For Today." The cheeky reference to one of Africa's wealthiest men immediately triggered a wave of reactions across social media platforms. A Close and Relaxed Family Bond For many fans, the viral clip offered a refreshing glimpse into the warm, relaxed relationship between the ...
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EGYPT INCURS $10 BILLION IN SUEZ CANAL LOSSES OVER GAZA WAR, PRESIDENT SAYS. (PHOTO).

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 Egypt incurs $10 billion in Suez Canal losses over Gaza war, president says


Egypt has lost about $10 billion in Suez Canal revenues due to attacks on shipping in the Bab al Mandab Strait as a result of the Gaza war, Egyptian President Abdel Fattah al Sisi said.


Speaking during a meeting in Cairo with Mathias Cormann, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), Sisi said continued attacks on ships in the Bab al Mandab Strait, a key maritime chokepoint linking the Red Sea to the Gulf of Aden, had sharply reduced traffic heading to the Suez Canal, the presidency said in a statement, Anadolu Agency reported.


Bab al Mandab is one of the world’s most strategic shipping routes for energy and food supplies, alongside the Suez Canal and the Strait of Hormuz.


Attacks on shipping began in November 2023 when Yemen’s Houthi group launched drone and missile strikes targeting vessels in the Red Sea in a show of support for Palestinians facing Israeli attacks in Gaza, where more than 72,000 people have been killed in deadly Israeli strikes since October 2023.


Decline in number of transit ships


These attacks have led to a sharp decline in the number of ships transiting the canal, one of Egypt’s main sources of foreign currency.


According to Osama Rabie, head of the Suez Canal Authority, canal revenues dropped by 66% in 2024 to $3.9 billion, down from about $10.2 billion in 2023.


On April 12, the Houthis warned they would escalate attacks in the Red Sea if Israeli and US attacks on Iran resumed.


Regional tensions have escalated after the US and Israel launched strikes against Iran on February 28, triggering retaliation from Tehran against Israel, as well as US allies in the Gulf, along with the closure of the Strait of Hormuz.


Ceasefire


A two-week ceasefire was announced on April 8 through Pakistani mediation, followed by direct talks in Islamabad on April 11, but no agreement was reached on a lasting truce.


US President Donald Trump later extended the ceasefire without setting a new deadline, following a request from Pakistan.

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