BREAKING: Tinubu Steps Aside as ECOWAS Chairman
President Bala Tinubu has concluded his tenure as the chairman of the ECOWAS Authority of Heads of State and Government. His term ended during the 65th Ordinary Session held at the Presidential Villa in Abuja. Tinubu, who took office in July 2024, faced challenges including military coups in member states but advocated for peaceful resolutions, lifting sanctions imposed on Niger Republic, Burkina Faso, Mali, and Guinea. He played a pivotal role in ensuring the success of the 2024 Senegalese election, emphasizing his commitment to democracy in West Africa.
Nigeria’s FX Reserves Hit $34.7bn
Nigeria's foreign exchange reserves have risen to $34.7 billion, marking a $110 million increase from the previous day and a $316 million gain since July 1. This growth is attributed to higher oil prices, increased diaspora remittances, and efforts by the Central Bank to stabilize the currency. Analysts view this as positive for Nigeria's economy, offering protection against external shocks and supporting financial commitments.
Nigeria Busts Cocaine Cartel In Lagos Raid, Arrests Couple, Seizes N2.1Billion Worth Of Cocaine
The National Drug Law Enforcement Agency (NDLEA) has apprehended a Nigerian couple, Agbakoba John Mmadu and Agbakoba Ijeoma Chinwe, accused of leading a high-profile cocaine syndicate based in Lagos. They were arrested along with their associate, Okoye Ifeoma Maryjane, during a raid where authorities seized cocaine valued at over N2.1 billion. The operation, conducted after months of intelligence gathering, targeted a syndicate involved in packaging, distributing, and trafficking cocaine locally and internationally.
APC Chieftain Urges Tinubu To Tackle Widespread Hunger In Nigeria, Implement Price Controls To Curb Exploitation By Traders
Hon. Olatunbosun Oyintiloye, an APC chieftain, has called on President Bola Tinubu to urgently address widespread hunger in Nigeria by implementing price controls to curb exploitation by traders. Oyintiloye highlighted that many Nigerians are suffering from hunger and living below the poverty line due to escalating food prices and economic hardships. He urged swift government action, including reopening borders for food imports and supporting farmers with essential inputs and security, to alleviate the food crisis and improve living conditions for citizens.