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Nigeria Asks AU To Tackle Illicit Funds Fuelling Terrorism In Africa

Nigeria has urged the African Union (AU) to tackle illicit funds that fuel terrorism and violent extremism on the continent.

PFIPC Probe: Reps Panel Faults MDAs Over Absence, Summons Foreign Affairs Minister, NSA

Governor of Nasarawa State , Abdullahi Sule, has dismissed comparisons between President Bola Tinubu,Vice President Kashim Shettima and opposition candidates ahead of the 2027 presidential election, insisting that the All Progressives Congress (APC) ticket stands clearly above its rivals.

US Renews Strikes On Iran As Trump Threatens To Attack Underground Nuclear Site

The US launched strikes on Iran for the 11th consecutive night late on Tuesday, even as Tehran warned the US against targeting its nuclear facilities.

Burkina Faso, Mali And Niger Enter Race to Host AFCON 2032

Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has stated that the naira must remain market-driven and competitive rather than being artificially supported. Flexicore Severe Joint Pain? Do This The Moment You Wake Up Learn more This comes as the Monetary Policy Committee (MPC) of the CBN kept interest rates unchanged and reaffirmed their commitment to bringing inflation into single digits despite mounting geopolitical risks. Cardoso’s remarks came after the International Monetary Fund (IMF) had said last month that the naira remains significantly undervalued despite recent gains against the United States dollar across official and parallel foreign exchange markets. In its assessment of Nigeria’s economy, the Washington-based lender said the naira is trading about 25.6 per cent below its value based on the country’s economic fundamentals, even after recording a notable recovery following sweeping foreign exchange reforms introduced by the Federal Government. Defending the CBN’s exchange-rate reforms, Cardoso, while fielding questions from newsmen after the end of the MPC meeting in Abuja on Tuesday, said the apex bank remained committed to a transparent, liquid foreign exchange market driven by willing buyers and willing sellers. “Our view is one of continuing on the path that we have embarked on, and that is to ensure that we have a market that is transparent, that is liquid, and one that has willing buyer, willing seller. “At the present level, the country does need a competitive currency. The naira’s value has to be determined by economic fundamentals, including stronger oil and non-oil exports, increased foreign direct investment, improved domestic productivity and lower import dependence. “We are very comfortable at the central bank that we have a fully functional market, a market that is open, that is transparent, a market that sometimes you find that on a daily basis, the amount of turnover is in excess of $1 billion and a market that is responding to the positive things that we are doing as a central bank”, Cardoso explained. Briefing newsmen on the outcome of the MPC meeting, Cardoso said that the committee left the Monetary Policy Rate (MPR) at 26.5 per cent, while retaining the asymmetric corridor around the benchmark rate at +50/-450 basis points. He added that the committee also maintained the Cash Reserve Ratio (CRR) at 45 per cent for deposit money banks and 16 per cent for merchant banks, retained the 75 per cent CRR on non-Treasury Single Account public sector deposits and left the liquidity ratio unchanged at 30 per cent. “The decision came as the committee weighed signs of easing domestic inflation against growing uncertainty from renewed hostilities in the Middle East, which it said could fuel higher global energy prices and feed into domestic inflation”, Cardoso said. Citing a modest easing in inflation as one reason for holding policy steady, the CBN Governor said that headline inflation slowed marginally to 15.91 per cent in June from 15.93 per cent in May, ending three consecutive months of increases. He also noted that core inflation also moderated to 15.92 per cent from 16.82 per cent, helped largely by exchange-rate stability, although food inflation accelerated to 17.52 per cent because of supply constraints in key food-producing areas and elevated transportation costs.

Burkina Faso, Mali and Niger have formally declared their intention to jointly host the 2032 Africa Cup of Nations (AFCON.)

Comparing Tinubu-Shettima To Obi-Kwankwaso, Atiku-Amaechi Is Like ‘Day And Night’ — Gov Sule

Governor of Nasarawa State , Abdullahi Sule, has dismissed comparisons between President Bola Tinubu,Vice President Kashim Shettima and opposition candidates ahead of the 2027 presidential election, insisting that the All Progressives Congress (APC) ticket stands clearly above its rivals.

Defence Minister Denies Quitting, Threatens Court Action

Minister of Defence, Christopher Musa has promised to take legal action against those behind reports of his rumoured resignation.

Nnamdi Kanu’s Lawyers Threaten Legal Action Over TV Guest’s ‘Kill Kanu’ Remark

The legal team representing the convicted leader of the Indigenous People of Biafra, IPOB, Nnamdi Kanu, has threatened legal action against a television guest, Chigozie Nnabugwu, and News Central Television over what it described as a call for the IPOB leader’s extrajudicial killing.

2027: I Won’t Persecute Opposition As Nigeria’s President – Peter Obi

The Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, has vowed never to persecute opposition if he emerges as Nigeria’s president in 2027.

Don’t Allow Phone Searches, FCT CP Urges Residents, Youths

The Commissioner of Police in charge of the Federal Capital Territory, CP Ahmed Sanusi, has urged residents, particularly youths, not to allow police officers to search their mobile phones during stop-and-search operations, saying such actions violate the directive of the Inspector-General of Police.

2026 World Cup: FIFA Opens Investigation Into Spain vs Argentina Final

FIFA has opened a disciplinary investigation into the aftermath of the 2026 World Cup final between Argentina and Spain.