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PSC promotes 93 senior police officers, names 13 new AIGs

By
Ibe Wada
-

Key points

  • The Police Service Commission (PSC) has approved the promotion of 93 senior police officers.
  • The promotions include 13 Commissioners of Police elevated to the rank of Assistant Inspectors General of Police (AIGs).
  • The commission also promoted 17 Deputy Commissioners of Police to Commissioners of Police, 28 Assistant Commissioners of Police to Deputy Commissioners, and 33 Chief Superintendents of Police to Assistant Commissioners.
  • The PSC confirmed the appointments of 162 Assistant Superintendents of Police II to the substantive rank of Assistant Superintendent of Police I.
  • PSC Chairman, retired DIG Hashimu Salihu Argungu, urged the officers to uphold professionalism, integrity and accountability.

Main Story

 The Police Service Commission (PSC) has approved the promotion of 93 senior police officers to higher ranks following their successful participation in written examinations and oral interviews conducted at the commission’s headquarters in Abuja.

The promotions were among the key decisions reached during the commission’s plenary meeting held on Wednesday at its Corporate Headquarters in Abuja.

According to a statement issued by the PSC’s spokesperson, Torty Kalu, the exercise saw 13 Commissioners of Police (CPs) elevated to the rank of Assistant Inspectors General of Police (AIGs), 17 Deputy Commissioners of Police (DCPs) promoted to Commissioners of Police (CPs), 28 Assistant Commissioners of Police (ACPs) elevated to Deputy Commissioners of Police (DCPs), and 33 Chief Superintendents of Police (CSPs) promoted to the rank of Assistant Commissioners of Police (ACPs).

The newly promoted Assistant Inspectors General of Police are Itam Nnaghe Obono, Bassey Samuel Ewah, Osagie John Agans-Irabor, Monday Agbonika, Iyamah Daniel Adebor, Isa Danladi Nda, Akaninyene Ezima, Livingstein Ikioye Orutugu, Afegbua B. Rashid, Edozie Hycenth Azuka, Haruna Alaba Yahaya, Emenari Ifeanyi Innocent and Betty Enekpen Otimenyin.

The commission also approved the promotion of 17 Deputy Commissioners of Police to the substantive rank of Commissioners of Police. Those promoted include Nelson Nwamanna, Bolanle A. Murtala, Danbaba Mohammed Labbo, Ajayi Oluyemi, Oki Rita Oyintare, Ibrahim Umar Zungura, Iya Umar Mohammed, Darma Nuhu Na’aliyu, Nuruddeen A. Sabo, Tijjani Murtala, Yakubu Mohammed, Ibrahim Lukunche Usman, Akingbade C. Adeyinka, Mohammed Hassan Ahmed, Samuel Erale Ahmed, Adedeji Taiwo and Zainab A. Pembi.

In addition to the promotions, the PSC approved the confirmation of the appointments of 162 Assistant Superintendents of Police II (ASP II) to the substantive rank of Assistant Superintendent of Police I (ASP I).

Speaking after the promotion exercise, the Chairman of the PSC, retired Deputy Inspector General of Police Hashimu Salihu Argungu, congratulated the officers and urged them to justify the confidence reposed in them through dedicated and exemplary service.

He charged the newly promoted officers to remain truthful, transparent and accountable in the discharge of their responsibilities while maintaining the highest standards of professionalism.

Argungu also cautioned them against involvement in civil disputes, particularly land-related matters, and urged them to safeguard their integrity throughout their careers.

The Issues

Regular promotions within the Nigeria Police Force are considered essential for maintaining morale, recognising merit and strengthening institutional capacity.

However, stakeholders continue to emphasise that career advancement should be matched by improved professionalism, accountability, respect for human rights and effective policing to enhance public confidence in law enforcement.

The PSC’s emphasis on integrity and avoidance of civil disputes reflects ongoing efforts to improve the ethical standards and public image of the police.

What’s Being Said

PSC Chairman, retired DIG Hashimu Salihu Argungu, congratulated the promoted officers and urged them to justify their elevation through exemplary service.

He advised them to remain truthful, transparent and accountable, maintain professionalism, avoid involvement in civil disputes—particularly land matters—and protect their integrity throughout their careers.

“Guide your reputation and integrity. Let your actions speak for you and not against you.”

What’s Next

The newly promoted officers are expected to assume their new responsibilities across various commands and formations while the Nigeria Police Force continues implementing leadership and operational reforms.

The PSC is also expected to continue conducting promotion exercises and personnel management initiatives aimed at strengthening the effectiveness and professionalism of the police service.

Bottom Line

The promotion of 93 senior officers and the appointment of 13 new Assistant Inspectors General represent a significant leadership reshuffle within the Nigeria Police Force, with the PSC stressing that higher ranks must be accompanied by greater professionalism, accountability and ethical conduct.

India asks Meta to delay WhatsApp username rollout over fraud concerns

India asks Meta to delay WhatsApp username rollout over fraud concerns

By
Ibe Wada
-

Key points

  • India has asked Meta to suspend the rollout of WhatsApp’s new username feature pending further consultations.
  • Authorities fear the feature could increase impersonation, phishing and other cyber fraud.
  • Meta says the feature has not yet been launched in India and includes safeguards against abuse.
  • India is WhatsApp’s largest market, with more than 500 million users.
  • Government data shows cyber fraud losses in India reached nearly $3 billion in 2025.

Main Story

The Indian government has asked Meta to postpone the rollout of WhatsApp’s upcoming username feature over concerns that it could increase online fraud and impersonation attacks.

The request comes as authorities intensify efforts to combat a sharp rise in cybercrime, with fraudsters increasingly exploiting low levels of digital literacy among internet users.

WhatsApp, owned by Meta, announced earlier this week that users worldwide would soon be able to connect using unique usernames instead of sharing their phone numbers, a feature the company said is designed to enhance user privacy.

However, the Ministry of Electronics and Information Technology has expressed concern that the feature could make it easier for criminals to impersonate legitimate users and target unsuspecting victims through phishing schemes, digital arrest scams and other forms of online fraud.

According to media reports, the ministry has written to Meta requesting that the feature not be introduced in India until consultations with the government are concluded.

A senior government official, quoted by the Indian Express, said malicious actors could register misleading usernames and use them to deceive users who may not be technologically equipped to distinguish genuine accounts from fraudulent ones.

Responding to the concerns, Meta said the username feature has not yet been launched in India and emphasised that it has introduced multiple safeguards to prevent impersonation.

The company said it has reserved usernames associated with public figures and verified accounts to ensure they can only be claimed by their legitimate owners.

Meta also noted that users will still be required to register with a valid phone number and that the platform includes multiple security measures designed to detect and prevent scams involving usernames.

India remains WhatsApp’s largest market, with more than 500 million users, making any changes to the platform particularly significant for regulators.

The username feature is already available on WeChat, the messaging platform owned by Chinese technology company Tencent.

The Issues

India has witnessed a significant increase in cybercrime as rapid digital adoption has outpaced public awareness of online safety practices.

Regulators are increasingly scrutinising digital platforms to ensure new features do not inadvertently create opportunities for fraudsters, particularly in countries with large populations of first-time internet users.

The challenge for technology companies is balancing enhanced privacy features with robust identity verification and anti-fraud protections.

What’s Being Said

The Indian Ministry of Electronics and Information Technology expressed concern that the proposed username feature could facilitate impersonation, phishing and other online scams if implemented without adequate safeguards.

Meta said the feature is not yet available in India and has been designed with multiple layers of protection, including reserving usernames for public figures and verified accounts while maintaining phone-number verification for all users.

What’s Next

The Indian government and Meta are expected to continue consultations before any decision is taken on launching the username feature in the country.

Meta may introduce additional safeguards or modifications to address regulatory concerns before the feature becomes available to Indian users.

Bottom Line

India’s request to delay WhatsApp’s username feature highlights the growing tension between digital innovation and cybersecurity, underscoring the need for strong safeguards as messaging platforms introduce new privacy-focused features.

Google expands Africa AI push with new cloud, startup and digital skills investments

BREAKING: Atiku appoints Kenneth Okonkwo as spokesperson ahead of 2027 elections

By
Ibe Wada
-

… Former Vice President names lawyer and politician Kenneth Okonkwo to lead media engagement as political activities ahead of the 2027 polls intensify.

Key points

  • Former Vice President Atiku Abubakar has appointed Kenneth Okonkwo as his official spokesperson.
  • The appointment comes as political consultations ahead of the 2027 general elections gather momentum.
  • Okonkwo is expected to coordinate Atiku’s media engagements and communicate his positions on national issues.
  • The move is seen as part of efforts to strengthen Atiku’s public communication strategy.

Main Story

Former Vice President Atiku Abubakar has appointed lawyer, actor and politician Kenneth Okonkwo as his official spokesperson.

The appointment marks a significant development within Atiku’s political camp as preparations for the 2027 general elections begin to gather pace.

According to the announcement, Okonkwo will coordinate the former vice president’s media engagements and serve as the principal communicator of his positions on national issues as well as matters relating to the forthcoming presidential election.

The appointment comes amid increasing political realignments and consultations ahead of the 2027 electoral cycle, with major political figures expected to intensify engagements in the coming months.

Further details regarding the appointment are yet to be released.

The Issues

As political activities ahead of the 2027 general elections intensify, strategic communication is expected to play a central role in shaping public perception and engaging voters.

The appointment of a spokesperson signals an effort to strengthen message coordination, manage media relations and communicate policy positions effectively in an increasingly competitive political environment.

What’s Being Said

The announcement stated that Kenneth Okonkwo will serve as the official spokesperson to former Vice President Atiku Abubakar, coordinating media engagements and communicating his positions on national issues and the 2027 presidential race.

What’s Next

More details are expected regarding the scope of Okonkwo’s responsibilities, Atiku’s political plans and the communication strategy that will shape the former vice president’s engagements ahead of the 2027 general elections.

Bottom Line

The appointment of Kenneth Okonkwo as spokesperson signals Atiku Abubakar’s early efforts to strengthen his media and public engagement strategy as political activities ahead of the 2027 elections continue to build.

Google expands Africa AI push with new cloud, startup and digital skills investments

By
Kehinde Victor
-

Key points

  • Google Cloud says its Johannesburg Cloud Region could add $90.6 billion to Africa’s economy and support nearly 315,000 jobs by 2030.
  • The company unveiled five AI initiatives covering cloud infrastructure, connectivity, startup funding, research and digital skills.
  • Google will launch Africa’s first Applied AI Lab in Ghana and open applications for its South African AI startup accelerator on July 21.
  • New investments include a digital innovation centre in Soweto and expanded subsea connectivity linking Africa to Australia and India.

Main story

Google Cloud has unveiled a new wave of artificial intelligence (AI) investments across Africa, announcing infrastructure, startup, research and digital skills initiatives that it says will accelerate the continent’s digital transformation and strengthen its role in the global technology economy.

Speaking at Google’s inaugural Africa Cloud Summit in Johannesburg on Wednesday, Google Cloud Vice President for the UK, Ireland and Sub-Saharan Africa, Maureen Costello, said the company’s Johannesburg Cloud Region could generate an additional $90.6 billion in economic output and support nearly 315,000 jobs by 2030.

The summit brought together about 3,000 business leaders, developers, government officials and technology partners.

Costello said the new initiatives build on Google’s existing $1 billion investment commitment to Africa and its recent investments in AI research, digital skills and innovation.

Among the announcements was a new Digital Exchange Port to be established in South Africa’s Eastern Cape. The facility, the first of four planned connectivity hubs across Africa, will strengthen internet resilience by linking the continent directly to Australia through the Umoja subsea cable and to India via a new undersea connection.

Google also announced the launch of Africa’s first Applied AI Lab in Accra, Ghana, where African startup founders will work alongside Google researchers while gaining early access to the company’s latest AI models.

According to Costello, the lab will focus on supporting entrepreneurs developing AI solutions for African challenges across sectors including business, education, software development and the creative economy.

The company further announced that applications for the 2026 South African Google for Startups Accelerator will open on July 21. The programme will admit 15 AI-focused startups, providing mentorship, specialised training and equity-free funding as part of Google’s broader goal of supporting 50 African startups by 2028.

To strengthen digital skills development, Google said it would partner with WeThinkCode to establish a three million rand digital innovation centre at South West Gauteng TVET College in Soweto.

Through its philanthropic arm, Google.org, the company also committed more than $1 million to support The Akuna Group’s AI education programme for underrepresented African creators.

Costello said African businesses had moved beyond experimenting with AI and were increasingly deploying the technology to solve practical business challenges.

South African President Cyril Ramaphosa, who was quoted in the statement, said Africa was emerging as a strategic growth region for global cloud computing through continued investment in AI and digital infrastructure.

Google Senior Vice President for Research, Labs, Technology and Society, James Manyika, said the investments demonstrated the company’s commitment to advancing African-led AI innovation by expanding infrastructure, strengthening partnerships and equipping local innovators with the tools needed to build solutions for African markets.

The issues

The announcements reflect intensifying competition among global technology companies to expand AI infrastructure and cloud computing services across Africa.

While improved digital infrastructure and AI investment could stimulate economic growth, startup development and job creation, success will depend on whether African businesses, governments and educational institutions can build the skills, regulatory frameworks and local innovation ecosystems needed to fully leverage the technology.

What’s being said

“African enterprises have moved beyond AI experimentation to deploying practical business solutions.” — Maureen Costello, Google Cloud

“The investments reflect our commitment to advancing African-led AI innovation.” — James Manyika, Google

What’s next

Google will begin accepting applications for its South African AI startup accelerator on July 21, while work progresses on the Applied AI Lab in Ghana, the Digital Exchange Port in South Africa and other infrastructure projects planned across the continent.

Bottom line

Google is deepening its long-term investment in Africa by combining cloud infrastructure, AI research, startup support and digital skills development in a strategy aimed at positioning the continent as a significant player in the global AI economy.

Dangote Cement, Aradel Selloffs Wipe ₦2.4tn Off NGX Market Value

UN warns AI is advancing faster than global rules can keep pace

By
Kehinde Victor
-
artificial intelligence

Key points

  • A new UN scientific report says artificial intelligence is advancing faster than governments can regulate it.
  • The report highlights AI’s growing contributions to healthcare, agriculture, education and scientific research.
  • It warns that without stronger safeguards, AI could deepen inequality, spread misinformation, threaten human rights and increase cybercrime.
  • The UN says access to advanced AI remains concentrated in the United States and China, leaving many developing countries at risk of being left behind.

Main story

The United Nations has warned that artificial intelligence (AI) is evolving at a pace that governments and existing regulatory systems are struggling to match, raising concerns that one of the world’s most transformative technologies could outgrow the safeguards designed to govern it.

The warning is contained in a preliminary report released on Wednesday by the UN Independent International Scientific Panel on Artificial Intelligence ahead of the inaugural UN Global Dialogue on AI Governance scheduled for July 6–7 in Geneva.

The report describes AI as a technology capable of accelerating progress across multiple sectors, noting that it has already predicted the structures of more than 200 million proteins while significantly speeding up drug discovery, vaccine development and research into antibiotic resistance.

Beyond healthcare, the report says AI-powered early warning systems are helping detect food insecurity before it escalates into humanitarian crises, while doctors are using AI to identify diseases such as breast cancer earlier. Health workers in developing countries are also deploying AI tools in local languages to improve patient care.

The panel said AI is supporting scientific research, improving accessibility for people with disabilities, expanding personalised education and providing new mental health support tools.

Despite these advances, the report warns that the same technology could become a source of significant global risk if governance fails to keep pace.

According to the panel, AI could deepen existing inequalities, fuel misinformation, threaten human rights, disrupt labour markets and concentrate enormous power in the hands of a small number of governments and technology companies.

The report notes that AI capabilities have advanced rapidly due to improvements in computing power, training data and machine learning techniques. Modern AI systems can now write software, solve complex scientific problems, create realistic images, audio and video, and increasingly act as autonomous “AI agents” capable of planning tasks and using digital tools with minimal human supervision.

Researchers cited in the report estimate that the complexity of tasks AI systems can perform has been doubling every few months.

The panel also highlighted growing concerns over AI’s misuse, warning that it could accelerate the spread of online abuse, sexually explicit deepfakes and child sexual abuse material, while making misinformation increasingly difficult to distinguish from factual information.

It said criminals are already exploiting AI for cyberattacks, fraud and sophisticated social engineering scams, while some AI systems have been linked to harmful behavioural reinforcement that could contribute to mental health crises.

Environmental concerns also featured prominently, with the report noting that the large data centres powering advanced AI consume enormous amounts of electricity and contribute to greenhouse gas emissions.

The report further found that access to advanced AI remains highly unequal. The United States controls roughly three-quarters of the computing capacity supporting the world’s leading AI supercomputers, while China accounts for about 15 per cent, giving both countries control of roughly 90 per cent of global high-end AI computing power.

Many developing countries, it said, lack the computing infrastructure, technical expertise, investment, data and local-language resources needed to fully develop or govern AI independently, forcing them to depend on technologies they cannot adequately inspect or adapt to local needs.

The issues

The report argues that AI governance has become one of the defining policy challenges of the decade.

While AI has enormous potential to accelerate progress towards the Sustainable Development Goals through better healthcare, education, agriculture and scientific innovation, weak regulation could allow the technology to amplify existing inequalities, undermine democracy and create new security risks.

The panel says today’s governance systems were not designed for technology advancing this rapidly and calls for stronger international cooperation, independent evaluation, common standards and greater investment in digital infrastructure and technical capacity, particularly in developing countries.

What’s being said

“The window to establish effective global governance remains open but may not stay that way for long.” — UN Independent International Scientific Panel on Artificial Intelligence

What’s next

The preliminary findings will be presented to governments during the inaugural UN Global Dialogue on AI Governance in Geneva, while a more comprehensive global scientific assessment is expected to be released in 2027.

Countries are also expected to discuss frameworks for improving AI safety, transparency, accountability and equitable access during the dialogue.

Bottom line

The UN says artificial intelligence has the potential to transform healthcare, education and economic development, but unless global governance catches up with technological progress, the benefits could be overshadowed by growing risks to society, democracy and global equality.

US, Iran make progress in indirect talks, agree to continue negotiations

Toddler rescued alive six days after Venezuela quake

By
Kehinde Victor
-

Key points

  • Rescue workers pulled a three-year-old child alive from earthquake rubble in La Guaira six days after Venezuela’s devastating twin earthquakes.
  • Nearly 2,000 people have been confirmed dead, while more than 6,400 have been rescued.
  • Around 1,000 buildings, including hospitals, and more than 400 schools have been damaged or destroyed.
  • The UN says hundreds of thousands of children need urgent assistance as relief agencies scale up humanitarian operations.

Main story

Rescue workers have pulled a three-year-old child alive from beneath the rubble in Venezuela’s hardest-hit La Guaira region, six days after twin earthquakes devastated parts of the country, offering a rare moment of hope as humanitarian needs continue to grow.

The child was rescued after the 7.2 and 7.5 magnitude earthquakes struck less than a minute apart on June 24, flattening buildings and leaving tens of thousands of people without adequate shelter.

The UN refugee agency (UNHCR) said humanitarian needs were rising rapidly as the confirmed death toll approached 2,000, while authorities reported that more than 6,400 people had been rescued.

National and international search-and-rescue teams remain deployed across La Guaira, with the UN Office for the Coordination of Humanitarian Affairs (OCHA) stressing that every life remains a priority as operations continue.

UN Disaster Assessment and Coordination (UNDAC) teams are also working alongside local authorities to identify the communities most in need of emergency assistance and coordinate relief efforts.

The earthquakes have caused widespread destruction, damaging or destroying about 1,000 buildings, including hospitals, as well as more than 400 schools and critical water infrastructure.

To support the emergency response, the UN Children’s Fund (UNICEF) has begun delivering humanitarian supplies into Venezuela. An initial 47-tonne shipment arrived on Tuesday, complementing an earlier consignment sent from Panama on June 28.

According to UNICEF, the combined shipments will provide assistance to more than 100,000 children and their families over the next three months.

The supplies include emergency medical kits, maternal and newborn care equipment, medicines, water purification materials, storage containers, wheelchairs, tents for child-friendly spaces, and educational and recreational materials designed to help children regain a sense of normalcy after the disaster.

UNICEF officials warned, however, that the assistance delivered so far remains far below what is required.

The agency estimates that about 680,000 children across the six affected states require humanitarian assistance following what it described as Venezuela’s most significant seismic disaster in more than a century.

Communities also remain vulnerable to continuing aftershocks, with more than 600 recorded since the initial earthquakes.

The issues

While dramatic rescues continue to offer hope, emergency agencies say the crisis is shifting from search-and-rescue to long-term humanitarian recovery.

With hospitals, schools and water systems heavily damaged, displaced families face growing risks from disease outbreaks, inadequate shelter and disrupted healthcare, particularly for children and pregnant women.

UNICEF estimates it requires $52 million for its earthquake response, part of its broader $137.6 million humanitarian appeal for Venezuela, which was only 35 per cent funded before the disaster struck.

What’s being said

“As the death toll rises, needs are skyrocketing.” — UN Refugee Agency (UNHCR)

“Families across the affected states are in urgent need of safe water, as well as access to health care.” — Roberto Benes, UNICEF Regional Director for Latin America and the Caribbean

What’s next

Search-and-rescue operations will continue as emergency teams look for additional survivors while humanitarian agencies expand relief operations across the affected states.

International aid organisations are also appealing for additional funding to meet growing needs as Venezuela begins the longer process of recovery and reconstruction.

Bottom line

The rescue of a toddler six days after Venezuela’s devastating earthquakes has provided a rare moment of hope, but with thousands dead, widespread infrastructure damage and hundreds of thousands of children requiring assistance, the country’s humanitarian crisis is only beginning.

Naira Strengthens as Lower FX Demand Lifts Official Exchange Rate

US, Iran make progress in indirect talks, agree to continue negotiations

By
Kehinde Victor
-

Key points

  • The United States and Iran have recorded progress in indirect negotiations mediated by Qatar and Pakistan.
  • Qatar said discussions advanced work on implementing the framework agreement reached two weeks ago to end the Iran war.
  • Both sides agreed to continue negotiations after the funeral ceremonies for former Iranian Supreme Leader Ayatollah Ali Khamenei.
  • The next round of talks will be scheduled after the ceremonies conclude on July 9.

Main story

The United States and Iran have made fresh progress in their indirect negotiations, with mediators saying both sides have agreed to continue talks aimed at implementing the framework agreement reached to end the recent conflict.

Qatari Foreign Ministry spokesman, Majed al-Ansari, announced on Wednesday that the latest round of negotiations in Doha produced “positive progress” on issues relating to the peace framework agreed two weeks ago.

The discussions were conducted indirectly, with Qatari and Pakistani mediators holding separate meetings with delegations from Washington and Tehran rather than bringing both sides together.

According to al-Ansari, the parties agreed to continue the negotiations in the coming weeks, with the next meeting expected to take place after the funeral ceremonies for former Iranian Supreme Leader, Ayatollah Ali Khamenei.

Khamenei was killed in an Israeli airstrike in late February, according to Iranian authorities. Iran has scheduled a series of funeral processions beginning on July 4 in Tehran and the holy city of Qom, with his burial planned for July 9 in his hometown of Mashhad in northeastern Iran.

The issues

The renewed diplomatic engagement comes after months of heightened tensions that culminated in armed conflict between Iran and Israel, drawing international concern over the risk of a wider regional war.

Qatar has played a central mediating role in efforts to de-escalate the crisis, while Pakistan has also supported diplomatic efforts to sustain dialogue between Washington and Tehran.

Although negotiators have reported progress, major issues surrounding regional security, sanctions, and the implementation of any long-term peace arrangement remain unresolved.

What’s being said

“Positive progress” had been made on issues related to the framework agreement reached two weeks ago to end the conflict. — Majed al-Ansari, Qatari Foreign Ministry spokesman

What’s next

Negotiations are expected to resume after Iran concludes funeral ceremonies for Ayatollah Ali Khamenei.

Diplomatic efforts will focus on translating the existing framework agreement into concrete commitments capable of sustaining the ceasefire and preventing renewed hostilities.

Bottom line

The latest round of indirect US-Iran talks signals continued diplomatic momentum, but negotiators still face the difficult task of converting preliminary agreements into a durable peace framework.

INEC to pilot downloadable voter cards, plans fully online voter registration

Naira Strengthens as Lower FX Demand Lifts Official Exchange Rate

By
Boluwatife Oshadiya
-

By Boluwatife OshadiyA | July 2, 2026

Key Points

  • The naira appreciated to ₦1,372/$ at the official market as interbank FX turnover fell by 67%
  • Total interbank foreign exchange transactions dropped to $90.30 million, while deal count declined from 166 to 91
  • Nigeria’s external reserves ended the first half of 2026 at $51.46 billion, providing continued support for FX market stability

Main Story

The naira strengthened against the United States dollar at the official foreign exchange market on Wednesday after a sharp decline in interbank foreign exchange transactions and deal volume signalled easing demand for dollars.

According to the Central Bank of Nigeria (CBN) daily foreign exchange report, the local currency appreciated to ₦1,372 per US dollar at the Nigerian Foreign Exchange Market (NFEM), supported by lower demand for foreign currency payments and improved market balance.

The official spot exchange rate traded within an intraday range of ₦1,368 to ₦1,378.50 per dollar, while interbank FX turnover plunged 67% to $90.30 million, down from $269.90 million recorded in the previous trading session. The number of completed interbank transactions also declined significantly to 91 deals, compared with 166 deals a day earlier.

Market analysts said the lower transaction volume suggests that demand for foreign exchange from businesses and bank customers eased during the session, allowing available liquidity to adequately meet market needs and support the naira’s appreciation.

The development comes as Nigeria’s gross external reserves closed the first half of 2026 at $51.46 billion, reflecting sustained foreign exchange inflows from oil receipts and other external sources that have helped strengthen the country’s reserve position.

Meanwhile, global oil prices remained under pressure as investors monitored diplomatic talks between Iran and the United States, alongside expectations for fresh US crude inventory data. Brent crude fell 0.9% to $72.33 per barrel, while West Texas Intermediate (WTI) declined 0.6% to $69.12 per barrel, as easing geopolitical tensions reduced concerns over potential supply disruptions.

“The lower turnover and reduced number of FX deals indicate that demand pressures eased during the trading session, allowing available liquidity to support the naira at the official market,” market analysts said.

What’s Being Said

Analysts say Wednesday’s appreciation reflects improving market conditions rather than a significant increase in dollar supply, noting that softer demand played a key role in strengthening the official exchange rate.

Currency market observers also point to Nigeria’s stronger external reserves as an important buffer supporting the CBN’s broader foreign exchange management strategy, even as global oil prices remain volatile.

What’s Next

  • Investors will monitor movements in Nigeria’s external reserves and official FX market liquidity for signs of sustained currency stability.
  • Market participants are awaiting fresh US crude oil inventory data and developments in Iran-US negotiations, which could influence global oil prices and Nigeria’s export earnings.
  • Analysts will continue tracking demand patterns at the NFEM to assess whether the naira can sustain its recent gains in the coming trading sessions.

Bottom Line

The Bottom Line: The naira’s latest appreciation suggests that easing demand for foreign currency is helping stabilise the official market, even as global oil prices remain under pressure. Sustaining this momentum, however, will depend on consistent FX inflows, healthy external reserves, and the Central Bank’s ability to maintain liquidity in Nigeria’s foreign exchange market.

NPA inaugurates multi-agency task force to tackle recurring Lagos port access gridlock

NGX delivers 47% return as investors gain ₦48tn in first half of 2026

By
Boluwatife Oshadiya
-
Stock Exchange Closes Trading Week With N30bn Gain

By Boluwatife Oshadiya | July 2, 2026

Key Points

  • Nigerian stocks have returned 47.43% year-to-date, adding approximately ₦47.84 trillion to investors’ wealth
  • The NGX closed June on a positive note, with market capitalisation rising to ₦147.22 trillion after renewed bargain hunting
  • Analysts attribute the rally to stronger investor confidence, improved corporate earnings, dividend declarations, and increased market participation

Main Story

The Nigerian Exchange (NGX) delivered one of its strongest first-half performances on record, generating a 47.43% year-to-date return and adding about ₦47.84 trillion to investors’ wealth as sustained buying interest continued to lift equities despite a slowdown in trading momentum.

Data compiled by investment firm Atlass Portfolio Limited showed that the market maintained its bullish trajectory through the first six months of 2026, driven by improved investor confidence, robust corporate earnings, attractive dividend declarations, and renewed participation from both domestic and foreign investors.

The market ended June on a positive note after bargain hunters returned to selected mid-cap and blue-chip stocks that had experienced price moderation in recent weeks. As a result, the NGX All-Share Index (ASI) gained 1,017.26 basis points, or 0.45%, to close at 229,419.18 points, while total market capitalisation increased by ₦652.78 billion to ₦147.22 trillion.

The remarkable first-half rally follows an exceptionally strong first quarter, during which sustained demand for fundamentally sound stocks pushed the Nigerian bourse to record highs across major market indicators. Although trading activity moderated in June due to post-dividend profit-taking, prevailing macroeconomic pressures, and growing pre-election positioning by investors, the market continued to outperform many of its global peers.

According to Atlass Portfolio Limited, the first-half performance reflects growing confidence in Nigeria’s capital market, supported by stronger corporate fundamentals and improved liquidity conditions.

“The market’s year-to-date performance reflects the strong momentum created by early-year buying activities, impressive corporate earnings releases, dividend declarations, and improved investor participation,” Atlass Portfolio Limited said in its market update.

The Nigerian Exchange has remained one of Africa’s top-performing equity markets in 2026, with banking, consumer goods, industrial, and select oil and gas stocks attracting significant institutional and retail investor interest throughout the first half of the year.

What’s Being Said

Market analysts at Atlass Portfolio Limited believe the first-half rally was primarily driven by improved market sentiment, stronger-than-expected corporate earnings, dividend payouts, and increased participation by both local and foreign investors.

Independent market watchers also note that bargain hunting in fundamentally strong companies continues to support valuations, although investors have become more selective following the sharp gains recorded earlier in the year.

What’s Next

  • Investors will closely monitor second-quarter and half-year corporate earnings, expected to begin arriving later this month.
  • Market participants are expected to watch monetary policy developments and macroeconomic indicators, including inflation and interest rates, for fresh trading signals.
  • Analysts expect the market to remain driven by company fundamentals as investors rotate into stocks with attractive earnings prospects and dividend potential.

Bottom Line

The Bottom Line: The NGX’s nearly 50% return in just six months underscores renewed confidence in Nigeria’s equity market despite ongoing economic headwinds. While the pace of gains has moderated since the first quarter, sustained institutional interest and improving corporate performance suggest the market remains positioned for further opportunities, provided macroeconomic stability continues to improve.

FG to launch digital platforms for transparency, performance monitoring across MDAs

England Edge DR Congo to Reach World Cup Last 16 as Kane Strikes Twice

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya | July 2, 2026

Key Points

  • Harry Kane scored twice as England came from behind to defeat DR Congo 2-1 in the FIFA World Cup Round of 32.
  • Brian Cipenga gave DR Congo an early lead before England captain Kane inspired the turnaround.
  • England advance to the Round of 16, where they will face Mexico, while DR Congo exit after a historic tournament.

Main Story

England survived a major FIFA World Cup scare after captain Harry Kane scored twice to inspire a 2-1 comeback victory over DR Congo, sending the Three Lions into the Round of 16 after a tense knockout encounter.

Pre-match expectations had heavily favoured England, but DR Congo stunned Thomas Tuchel’s side inside the opening 10 minutes. Chancel Mbemba’s pinpoint cross-field delivery found Brian Cipenga unmarked on the left flank, and the winger cut inside before firing a powerful effort beyond goalkeeper Jordan Pickford to hand the African side a deserved early advantage.

England struggled to respond during the opening stages, creating little despite enjoying greater possession. Their best opportunity before the cooling break came when Declan Rice’s dangerous delivery deflected off Ezri Konsa and drifted narrowly wide of goal.

The hydration interval proved pivotal as Tuchel’s side emerged with renewed urgency. Marcus Rashford was denied a quick equaliser after former England defender Aaron Wan-Bissaka produced a superb goal-line clearance, while Yoane Wissa came within inches of doubling DR Congo’s lead when his close-range strike struck the outside of the post.

England continued to press before half-time but were frustrated by goalkeeper Lionel Mpasi, who denied Kane on multiple occasions. The England captain also appealed unsuccessfully for a penalty after colliding with the advancing goalkeeper, with both the referee and the Video Assistant Referee dismissing the claims.

The pressure eventually paid off with 15 minutes remaining. Anthony Gordon delivered an inviting cross that Kane expertly guided into the far corner to restore parity and swing momentum in England’s favour.

With extra time looming, England’s record World Cup goalscorer produced another decisive moment. After Jude Bellingham’s initial effort was blocked, Kane collected the loose ball on the edge of the area before unleashing a powerful strike into the roof of the net in the 86th minute to complete England’s dramatic turnaround and secure passage to the last 16.

What’s Being Said

“The players showed resilience when the game became difficult. We stayed patient, trusted our quality and found a way to win when it mattered most,” England manager Thomas Tuchel said after the victory.

DR Congo coach Sébastien Desabre praised his team’s performance despite the defeat, saying his players had shown they could compete with one of the tournament favourites after reaching the knockout stage for the first time in the nation’s history.

What’s Next

  • England will face Mexico in the FIFA World Cup Round of 16, with a place in the quarter-finals at stake.
  • Thomas Tuchel is expected to assess his squad ahead of the knockout clash as England seek an improved performance.
  • DR Congo conclude a memorable World Cup campaign after reaching the knockout rounds for the first time in their history.

Bottom Line:

England’s victory highlighted both their vulnerability and their ability to deliver under pressure. While Harry Kane once again proved decisive on football’s biggest stage, the Three Lions will need a far more convincing display against Mexico if they are to sustain their ambitions of lifting the 2026 FIFA World Cup trophy.

Belgium Stage Stunning Comeback to Eliminate Senegal in World Cup Thriller

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya | July 2, 2026

Key Points

  • Belgium came from two goals down to defeat Senegal 3-2 after extra time in the FIFA World Cup Round of 32.
  • Youri Tielemans converted a 125th-minute penalty to complete a dramatic comeback and send Belgium into the Round of 16.
  • Senegal’s hopes of matching their historic 2002 World Cup run ended despite holding a commanding second-half advantage.

Main Story

Belgium produced one of the most dramatic comebacks of the 2026 FIFA World Cup, overturning a two-goal deficit to defeat Senegal 3-2 after extra time and book a place in the Round of 16.

Senegal looked in complete control for much of the contest after delivering an impressive attacking display that exposed Belgium’s defensive frailties. The African side opened the scoring midway through the first half when Habib Diarra reacted quickest to convert the rebound after Ismaïla Sarr’s header struck the post from Sadio Mané’s inviting cross.

Pape Thiaw’s men continued to dominate proceedings, with Mané and Sarr repeatedly troubling Belgium’s defence. Their superiority was rewarded again six minutes into the second half when Sarr latched onto Moussa Niakhaté’s long pass before calmly finishing beyond Thibaut Courtois to double Senegal’s advantage. The goal was Sarr’s fourth of the tournament, equalling the record for the most goals scored by an African player at a single FIFA World Cup.

Facing elimination, Belgium manager Rudi Garcia turned to his bench in search of inspiration. The substitutions transformed the contest.

Romelu Lukaku ignited Belgium’s comeback with a clinical near-post finish from Thomas Meunier’s cross before fellow substitute Dodi Lukébakio injected fresh urgency into the attack. Belgium’s relentless pressure finally paid off late in normal time when Youri Tielemans arrived to steer Leandro Trossard’s cross beyond goalkeeper Mory Diaw, completing a remarkable recovery and forcing extra time.

Both sides created opportunities during the additional 30 minutes, with Senegal coming closest through Ibrahim Mbaye, whose first-time effort drifted narrowly wide.

Just as the match appeared destined for a penalty shootout, drama unfolded deep into stoppage time. Following a Video Assistant Referee review, referee Saíd Martínez awarded Belgium a penalty after Lamine Camara was adjudged to have fouled Tielemans inside the area.

Tielemans remained composed under immense pressure, sending Diaw the wrong way from the spot in the 125th minute to seal one of the tournament’s most memorable victories and extend Belgium’s unbeaten run to 17 matches.

What’s Being Said

“The character the players showed after going two goals behind was exceptional. We never stopped believing and earned our place in the next round,” Belgium manager Rudi Garcia said after the match.

Senegal coach Pape Thiaw praised his team’s performance but admitted his players would be disappointed after letting a two-goal advantage slip in a match they had largely controlled.

What’s Next

  • Belgium advance to the FIFA World Cup Round of 16, where they will face the winner of the United States versus Bosnia and Herzegovina fixture.
  • Rudi Garcia’s side will look to build on their fighting spirit but will need to improve defensively against stronger opposition.
  • Senegal exit the tournament after an encouraging campaign, despite falling short of repeating their historic quarter-final appearance at the 2002 FIFA World Cup.

Bottom Line

Belgium demonstrated the resilience and experience that have defined their golden generation, recovering from the brink of elimination to keep their World Cup hopes alive. For Senegal, the defeat will be particularly painful after producing one of their finest performances of the tournament, only to see victory slip away in the closing moments of extra time.

World Bank Approves $1.25 Billion Nigeria Loan Despite Public Backlash

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya| July 2, 2026

Key Points

  • The World Bank has approved a $1.25 billion Development Policy Financing loan to support Nigeria’s economic reforms and private sector growth
  • The financing comes despite growing public criticism over Nigeria’s rising external debt and concerns about accountability for previous loans
  • The lender also unveiled a new 2026–2032 Country Partnership Framework focused on job creation, infrastructure and private sector-led economic growth

Main Story

The World Bank has approved a $1.25 billion Development Policy Financing (DPF) facility for Nigeria, moving ahead with the funding despite mounting public criticism over the country’s growing debt burden and concerns about transparency in the use of previous loans.

The approval forms part of the World Bank’s newly endorsed Country Partnership Framework (CPF) for 2026–2032, a six-year strategy designed to accelerate private sector-led growth, expand employment opportunities and strengthen Nigeria’s economic resilience through targeted reforms and strategic investments.

According to the World Bank, the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) Development Policy Financing programme will support reforms aimed at improving the business environment, deepening capital markets, modernising digital economy regulations, advancing power sector reforms, reducing trade barriers, improving access to quality agricultural inputs and strengthening domestic revenue mobilisation.

The lender said the operation complements broader investments in energy, digital infrastructure, agriculture, social protection and private sector development, with the goal of stimulating economic growth while reducing poverty.

“The NAIJA DPF operation, which amounts to $1.25 billion, supports a set of Government reforms to strengthen the foundations for growth and competitiveness,” the World Bank said in a statement announcing the approval.

The decision comes only days after many Nigerians questioned the proposed facility on social media, expressing concerns over the country’s increasing dependence on external borrowing and calling for greater accountability in the implementation of previous World Bank-funded programmes.

The new partnership framework also outlines ambitious development targets, including expanding electricity access to 32 million Nigerians, providing broadband connectivity to 58 million people, improving health and nutrition services for 40 million citizens, and supporting 9.5 million farmers through increased agricultural productivity and improved access to quality farm inputs.

What’s Being Said

The World Bank said the new partnership seeks to translate recent macroeconomic reforms into sustainable economic growth driven by private sector investment.

“Our new Country Partnership Framework provides the strategy for how the World Bank Group will support Nigeria over the coming years, with a strong focus on helping to create more and better jobs, particularly by enabling private sector-led growth,” said Mathew Verghis, World Bank Country Director for Nigeria.

Verghis added that while recent macroeconomic reforms have helped stabilise Nigeria’s economy, deeper structural reforms remain necessary.

“The recent macroeconomic gains have been critical to help stabilize the economy. Translating improved macroeconomic conditions into better living standards will require addressing the structural constraints to spur private sector investment and job creation,” he said.

Meanwhile, Dahlia Khalifa, Divisional Director of the International Finance Corporation (IFC) for Nigeria, said attracting greater private investment would be critical to unlocking the country’s long-term growth potential, while Ed Mountfield, Vice President and Chief Financial Officer of the Multilateral Investment Guarantee Agency (MIGA), said the agency would expand guarantees and political risk insurance to encourage investment in key sectors, including infrastructure and financial services.

What’s Next

  • The Federal Government is expected to begin implementing the policy reforms tied to the loan as part of the agreed Development Policy Financing programme.
  • The World Bank, IFC and MIGA will work alongside Nigerian authorities to mobilise private capital and accelerate investments in energy, agriculture, digital infrastructure and financial services.
  • Investors and development partners will closely monitor the implementation of the reforms and assess whether the programme delivers measurable improvements in job creation, investment inflows and economic competitiveness.

Bottom Line:

The World Bank’s latest approval underscores continued international support for Nigeria’s reform agenda, but it also places greater pressure on the Federal Government to demonstrate that new borrowing translates into tangible economic gains. As public scrutiny over Nigeria’s debt profile intensifies, the success of the programme will ultimately be judged by its ability to create jobs, attract private investment and improve living standards rather than simply expand access to external financing.

Banks Set for 20% Loan Growth as Fresh Capital Strengthens Lending Capacity – Fitch

By
Boluwatife Oshadiya
-
Nigerian Banks Limit Dollar Deposit To $5,000 Monthly

By Boluwatife Oshadiya | July 2, 2026

Key Points

  • Nigerian banks are projected to expand lending by about 20% in 2026 as they deploy fresh capital raised through recapitalisation
  • Fitch says the sector’s impaired loan ratio rose to 8% after the withdrawal of regulatory forbearance but expects it to ease to around 5% by year-end
  • Improved capital buffers and stronger foreign currency liquidity are expected to support profitability and credit expansion

Main Story

Nigerian deposit money banks are expected to significantly increase lending activity in 2026, with total loan growth projected to reach about 20% as financial institutions begin deploying fresh capital raised under the industry’s recently concluded recapitalisation programme, according to global credit ratings agency Fitch Ratings.

In a new commentary, Fitch said the additional paid-in capital has strengthened banks’ balance sheets despite mounting pressure from rising impaired loans following the withdrawal of long-standing regulatory forbearance at the end of the first half of 2025.

The agency noted that the banking sector’s impaired loan ratio climbed sharply to 8% as of January 2026, compared with 4.5% in 2024, largely because several loans—particularly exposures to the oil and gas sector—were reclassified as impaired after regulatory relief measures expired.

However, Fitch believes the deterioration in asset quality will prove temporary. The agency expects the impaired loan ratio to decline to about 5% by the end of 2026, supported by higher oil production, firmer crude oil prices and continued loan write-offs.

The report also said the fresh capital raised by banks has enabled many institutions to absorb additional loan-loss provisions and regulatory capital deductions arising from higher impaired loans and single-obligor limit breaches, while remaining above the minimum capital adequacy requirements set by the Central Bank of Nigeria (CBN).

Fitch further projected that industry profitability, which weakened in 2025 due to higher impairment charges and the absence of foreign exchange revaluation gains recorded during the naira devaluations of 2023 and 2024, will improve modestly this year.

“Capital raisings to meet the new requirements have enabled many banks to absorb additional provisions… while generally remaining compliant with their respective minimum total capital adequacy ratio requirements,” Fitch Ratings said in the commentary.

The ratings agency added that net interest margins are expected to remain broadly stable as the CBN maintains a cautious monetary policy stance amid renewed inflationary pressures, creating conditions for stronger earnings recovery across the banking sector.

What’s Being Said

Fitch Ratings said the recapitalisation exercise has positioned Nigerian banks to support stronger credit creation despite the temporary deterioration in asset quality.

“The banking sector’s impaired loans ratio increased to 8% at the end of January 2026 from 4.5% in 2024, but Fitch expects it to decline to about 5% at the end of 2026 on higher oil production and prices, and write-offs,” the ratings agency stated.

The agency also noted that improved foreign exchange market liquidity, supported by previous naira depreciation and stronger oil receipts, has enhanced banks’ ability to meet foreign currency obligations, particularly as several lenders approach Eurobond maturities.

What’s Next

  • Nigerian banks are expected to begin deploying newly raised capital more aggressively across corporate, commercial and retail lending during the second half of 2026.
  • Investors and analysts will closely monitor banks’ half-year and full-year financial results for evidence of improving asset quality and profitability.
  • The banking sector’s performance will also depend on the CBN’s monetary policy direction, inflation trends and developments in global crude oil prices, which remain key drivers of Nigeria’s economic outlook.

Bottom Line:

Nigeria’s banking recapitalisation is beginning to translate into stronger lending capacity, even as asset quality remains under pressure. If Fitch’s projections materialise, 2026 could mark a turning point for the sector, with healthier balance sheets enabling banks to expand credit, improve profitability and play a larger role in supporting economic growth.

INEC to pilot downloadable voter cards, plans fully online voter registration

By
Kehinde Victor
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Key points

  • INEC will introduce downloadable Permanent Voter Cards (PVCs) for voters who have lost or damaged previously issued cards.
  • The initiative will be piloted during the Osun governorship election ahead of the 2027 general elections.
  • The commission is also developing a system that will allow eligible Nigerians to complete voter registration entirely online.
  • INEC says the reforms are aimed at reducing voter disenfranchisement and making registration more accessible.

Main story

The Independent National Electoral Commission (INEC) is set to introduce downloadable Permanent Voter Cards (PVCs) for eligible voters who have lost or damaged their previously issued voter cards, marking another step in the commission’s efforts to digitise Nigeria’s electoral system ahead of the 2027 general elections.

INEC Chairman, Prof. Joash Amupitan, announced the initiative on Wednesday while receiving the Director-General of the National Orientation Agency (NOA), Mallam Lanre Issa-Onilu, during a courtesy visit to the commission’s headquarters in Abuja.

According to Amupitan, the downloadable PVC option is designed to make it easier for eligible voters to recover access to their voter credentials without going through lengthy replacement processes. However, he stressed that the facility will only be available to voters who have previously collected a physical PVC and later lost it or whose card has become defaced or unreadable.

“It is not every PVC that is downloadable. You must have gotten your PVC before and it must be that the PVC is lost, defaced or if you cannot read your numbers there,” he said.

He added that affected voters would still be required to formally notify the commission at least 90 days before an election to enable INEC process the request.

Beyond downloadable PVCs, Amupitan disclosed that the commission was nearing completion of another digital reform that would allow eligible Nigerians to register as voters entirely online without visiting INEC offices for physical biometric capture.

According to him, the technology is currently undergoing final preparations and will be tested once it receives formal approval from the commission.

“We have also been working on the technology that is going to make it possible for the registration of voters online without even having to visit INEC local government or registration areas. Hopefully in the next few days, we will be testing it as soon as the commission approves it,” he said.

The INEC chairman said both initiatives are part of broader efforts to modernise Nigeria’s electoral process and remove barriers that prevent eligible citizens from participating in elections.

The issues

Access to voter registration and replacement PVCs has long been a major challenge during Nigerian elections, with many voters unable to participate after losing their cards or facing difficulties completing registration before election deadlines.

If successfully implemented, downloadable PVCs and fully online voter registration could significantly reduce administrative bottlenecks, improve voter convenience and expand participation, particularly among young and digitally connected Nigerians.

However, the planned reforms will also place greater emphasis on cybersecurity, identity verification and data protection to ensure that the integrity of the voter register and electoral process is maintained.

What’s being said

“It is not every PVC that is downloadable. You must have gotten your PVC before and it must be that the PVC is lost, defaced or if you cannot read your numbers there.” — Prof. Joash Amupitan, INEC Chairman

“We have also been working on the technology that is going to make it possible for the registration of voters online without even having to visit INEC local government or registration areas.” — Prof. Joash Amupitan

What’s next

INEC plans to pilot the downloadable PVC system during the upcoming Osun governorship election before considering wider deployment ahead of the 2027 general elections.

The commission is also expected to begin testing its online voter registration platform in the coming weeks, subject to formal approval.

Bottom line

INEC is accelerating the digital transformation of Nigeria’s electoral process, with downloadable voter cards and fully online registration expected to make voting more accessible while reducing the risk of voter disenfranchisement.

US Supreme Court upholds birthright citizenship, rejects Trump’s order

EU cuts steel import quotas by 47% to shield industry from global oversupply

By
Kehinde Victor
-

Key points

  • The European Commission has reduced duty-free steel import quotas by 47 per cent to protect the EU steel industry.
  • Imports exceeding the quotas will attract a 50 per cent tariff across 26 steel product categories.
  • The measures aim to raise EU steel production capacity utilisation to 80 per cent and counter global overcapacity and dumping.
  • European steelmakers welcomed the move but said additional protections for downstream industries are still needed.

Main story

The European Commission has unveiled tougher safeguards for steel imports, cutting duty-free import quotas by almost half in a bid to protect European manufacturers from global oversupply and unfair trade practices.

The new measures, which came into effect on Wednesday, reduce annual tariff-free steel import quotas by 47 per cent to 18.3 million metric tonnes. Imports exceeding the allocated quotas will now attract a 50 per cent tariff across 26 categories of steel products.

According to the commission, the measures are intended to increase steel production capacity utilisation across the European Union to 80 per cent by reducing the volume of low-cost imports entering the market.

The commission said the decision was driven by persistent global overcapacity, which continues to distort international steel markets and expose European producers to unfair competition through dumping practices.

To balance trade protection with existing commercial relationships, the commission reserved half of the available quotas for countries that have free trade agreements with the European Union. The remaining quotas will be accessible to all trading partners, including those covered by free trade agreements.

It added that most free trade partners would receive country-specific quotas based on their historical export volumes and noted that many affected countries had provisionally accepted the proposed allocations.

The issues

The European steel industry has struggled for years with weak demand, rising production costs and an influx of cheaper imported steel, particularly from regions with excess manufacturing capacity.

European policymakers have increasingly argued that without stronger trade safeguards, local producers could continue losing market share despite strategic efforts to strengthen Europe’s industrial base and reduce dependence on external suppliers.

The latest measures also reflect a broader global trend of governments introducing protective trade policies to support domestic manufacturing sectors amid slowing economic growth and persistent industrial overcapacity.

What’s being said

“Persistent global overcapacity continues to distort international steel markets.” — European Commission

“European steelmakers could recover about 15 million metric tonnes of production under the new system.” — Axel Eggert, Director-General, European Steel Association (Eurofer)

What’s next

The European Commission will monitor the impact of the revised quota system on production, imports and market conditions across the bloc.

Meanwhile, Eurofer has urged the commission to extend similar trade protection measures to downstream steel industries, arguing that broader safeguards would strengthen the competitiveness of the entire European steel value chain.

Bottom line

The EU is tightening its steel trade defences to revive domestic production and protect manufacturers from global oversupply, but industry leaders say broader measures may still be needed to restore the sector’s long-term competitiveness.

Lagos intensifies campaign against sexual violence, bullying in schools

Experts warn weak accountability could undermine Africa’s just energy transition

By
Kehinde Victor
-

Key points

  • Legal experts say Africa’s clean energy transition risks repeating extractive patterns unless accountability becomes central to policy and investment decisions.
  • They warned that investor-protection treaties and donor-driven energy initiatives often prioritise financiers over African governments and local communities.
  • Export-oriented renewable energy projects, particularly green hydrogen, could deepen energy poverty if domestic access is not guaranteed.
  • Participants called for reforms to investment treaties, stronger community protections and greater legislative oversight of energy transition agreements.

Main story

Africa’s transition to clean energy could reproduce the same inequalities associated with the fossil fuel economy unless governments strengthen accountability and place citizens at the centre of energy policy, legal experts and policy analysts have warned.

Speaking at a high-level policy session on regional energy governance in Gaborone, Botswana, participants argued that discussions around the just energy transition have focused heavily on financing and technology while paying insufficient attention to who is ultimately accountable for delivering equitable outcomes.

They said governments, multinational corporations, development finance institutions and international investors continue to make ambitious commitments on decarbonisation and energy access without establishing clear mechanisms to determine who is responsible for meeting those commitments, who they are accountable to and what consequences exist when promises are not fulfilled.

A major concern raised during the dialogue was the role of international investment law, particularly Investor-State Dispute Settlement (ISDS) provisions embedded in more than 2,500 bilateral investment treaties.

Presenting a paper titled Promises Made, Promises Kept? The Case for Rigorous Just Transition Accountability in Regional Energy Initiatives, Director of the Africa Coalition for Sustainable Energy Access and the Just Transition Platform, Eugene Nforngwa, argued that the current system overwhelmingly protects investors while offering little protection to communities affected by energy projects.

He noted that fossil fuel companies have secured tens of billions of dollars through international arbitration while governments increasingly face costly legal disputes over climate policies, including coal phase-outs and energy subsidy reforms.

Building on that argument, Principal of Lex Navitas and the Just Transition Platform, Dr Tedd Moya, warned that similar legal protections are now extending into renewable energy, green hydrogen, critical minerals and carbon markets, raising concerns that Africa’s clean energy transition could become locked into another extractive development model.

The discussions also examined the rapid expansion of large-scale renewable energy projects across Africa, particularly green hydrogen developments and renewable energy export corridors.

Experts warned that many of the projects are designed primarily to serve industrialised markets in Europe rather than improve electricity access within Africa itself. According to presentations at the meeting, almost two-thirds of the continent’s proposed large-scale renewable energy capacity is linked to green hydrogen production, much of it intended for export.

Participants expressed concern that current legal frameworks do not require meaningful community consultation, domestic electricity guarantees or binding benefit-sharing arrangements before land and water resources are allocated to such projects.

They cautioned that renewable energy projects could fully comply with international investment standards while leaving neighbouring communities without reliable electricity.

The meeting also reviewed major regional and international initiatives, including Just Energy Transition Partnerships (JETPs), Power Africa, Mission 300 and the Global Energy Alliance for People and Planet (GEAPP).

While acknowledging that the programmes have mobilised billions of dollars in financing and aim to expand electricity access across the continent, participants argued that their accountability systems remain largely focused on donor reporting rather than public oversight.

Mission 300, which seeks to connect 300 million Africans to electricity by 2030, also came under scrutiny because many of its implementation frameworks rely on executive-led energy compacts designed in collaboration with multilateral development banks and philanthropic organisations.

Participants warned that governments could commit to far-reaching reforms involving electricity pricing, utility restructuring and private sector participation without sufficient parliamentary scrutiny or public consultation.

National Coordinator of the Nigeria Labour Congress Programme on Climate Change, Green Jobs and Just Transition, Echezona Asuzu, also questioned the transparency surrounding the selection of participating countries and the process used to determine reform priorities.

The issues

Africa possesses some of the world’s largest renewable energy resources but continues to have the largest electricity access deficit globally. As international demand grows for green hydrogen and other low-carbon fuels, experts fear the continent could once again become a supplier of energy exports while millions of Africans remain without affordable and reliable electricity.

They argued that the challenge is no longer simply attracting investment but ensuring that the legal, financial and governance systems surrounding the energy transition prioritise domestic development, community welfare and long-term accountability.

What’s being said

“The system has created a one-sided enforcement regime that strongly protects investors while offering limited or no remedy to affected communities.” — Eugene Nforngwa

“The legal frameworks are now being extended into renewable energy and emerging sectors such as green hydrogen, critical minerals and carbon markets.” — Dr Tedd Moya

What’s next

Participants called for a comprehensive overhaul of the legal framework governing Africa’s energy transition, including renegotiating investment treaties, introducing stronger climate and public-interest protections, requiring community consent and local benefit-sharing, and strengthening regional legal institutions to enforce accountability.

They also urged African governments to explore counterclaims against fossil fuel companies in international arbitration proceedings as part of efforts to rebalance existing legal arrangements.

Bottom line

Experts say Africa’s energy transition will only be “just” if it delivers affordable energy, protects communities and gives African governments and citizens greater control over how clean energy projects are designed, financed and governed.

Okpebholo hails return of Benin Bronzes, reaffirms Oba’s custodianship of artefacts

Okpebholo hails return of Benin Bronzes, reaffirms Oba’s custodianship of artefacts

By
Kehinde Victor
-

Key points

  • Edo Governor Monday Okpebholo described the return of the Benin Bronzes as a historic milestone for the Benin Kingdom.
  • He said the artefacts belong in the custody of the Oba of Benin because of their cultural and spiritual significance.
  • The NCMM said all artefacts returned by Switzerland have arrived in Nigeria and more restitution efforts are ongoing.
  • Switzerland described the restitution as a milestone in its relationship with Nigeria.

Main story

Edo State Governor, Monday Okpebholo, has described the return of the Benin Bronzes as a historic milestone, reaffirming that the artefacts belong under the custody of the Oba of Benin while commending Switzerland for its role in their restitution.

Okpebholo spoke on Wednesday in Benin while receiving a delegation led by the Director-General of the National Commission for Museums and Monuments (NCMM), Olugbile Holloway. The delegation included the Consul General of Switzerland in Lagos, Conny Camenzind, the Director of the Ethnographic Museum of the University of Zurich, Prof. Alice Hertzog, and the museum’s curator, Dr Alex Malefaother.

The governor described the return of the artefacts as a defining moment for the Benin Kingdom and said they should remain in the custody of the traditional institution.

“There is no point playing politics with what belongs to the palace. Those bronzes are not just bronze; they are symbolic and spiritual to our kingdom. They all belong to the Oba’s Palace. We have only one Oba Palace in Edo,” he said.

Okpebholo explained that the Benin Bronzes represent the cultural heritage of the Benin people and reflected on their removal during the British expedition to Benin, which he said was motivated by the global recognition of the greatness of the Benin Empire.

He thanked the Swiss Government for facilitating their return, describing the gesture as one that would strengthen goodwill while preserving the kingdom’s cultural identity.

Earlier, Holloway said the visit was aimed at strengthening collaboration with the Edo State Government and marking another milestone in the international campaign to recover Benin artefacts.

He said the commission was working with the Palace of the Oba of Benin, Oba Ewuare II, to secure the return of more artefacts taken abroad.

According to him, the delegation would proceed to the palace to symbolically present some of the returned artefacts for ceremonial blessings, adding that all the artefacts returned by Switzerland had already arrived in Nigeria and were currently in Lagos.

Speaking on behalf of the Swiss Government, Camenzind described the restitution as a major milestone in relations between Switzerland and Nigeria.

She said the successful collaboration with the NCMM and participating museums marked the beginning of a long-term partnership between both countries.

The issues

The return of the Benin Bronzes forms part of a broader international movement to repatriate cultural artefacts removed during the colonial era. Nigeria has intensified diplomatic efforts in recent years to recover artefacts held in museums and private collections across Europe and North America.

What’s being said

“Those bronzes are not just bronze; they are symbolic and spiritual to our kingdom.” — Monday Okpebholo

“Benin is ground zero when it comes to restitution, and NCMM is at the forefront of the battle for restitution.” — Olugbile Holloway

What’s next

The returned artefacts will be presented symbolically to the Oba of Benin before discussions continue with foreign museums and governments over the return of additional Benin artefacts.

Bottom line

The return of more Benin Bronzes from Switzerland marks another step in Nigeria’s campaign to recover looted cultural treasures, with Edo authorities reaffirming that the artefacts belong under the custodianship of the Oba of Benin.

Rising cooking gas prices force Delta households to cut usage

Lagos intensifies campaign against sexual violence, bullying in schools

By
Kehinde Victor
-

Key points

  • Lagos State has stepped up efforts to tackle sexual violence, bullying, cultism and drug abuse in public schools through a statewide sensitisation programme.
  • The campaign targets students, teachers, parents and other stakeholders across the state’s six educational districts.
  • Authorities urged teachers to promptly report abuse and encouraged students to speak out against violence and intimidation.
  • The government says the initiative is aimed at creating safer learning environments and strengthening child protection.

Main story

The Lagos State Government has intensified efforts to protect children from sexual and gender-based violence, bullying, cultism and drug abuse through a sensitisation programme targeting students, teachers and other education stakeholders.

The programme, organised by the Ministry of Basic and Secondary Education in collaboration with the Lagos State Domestic and Social Violence Agency (DSVA) and the Ministry of Youth and Social Development, was held on Wednesday in Ikeja.

Speaking at the event, the Commissioner for Basic and Secondary Education, Mr Jamiu Alli-Balogun, said the initiative reflects the state’s commitment to creating safe, inclusive and disciplined schools that support learning, character development and responsible citizenship.

He warned that sexual and gender-based violence, bullying, cult activities and substance abuse continue to threaten children’s physical, emotional and educational development.

Alli-Balogun urged teachers to go beyond classroom instruction by serving as mentors and protectors who can identify early warning signs of abuse, encourage open communication and ensure reported cases receive prompt attention.

He also called on parents, religious organisations and community leaders to work alongside schools in protecting children, stressing that safeguarding learners requires collective responsibility.

According to him, education should not be measured solely by academic achievement but by the ability to nurture confident, disciplined and morally upright citizens.

“Collaboration is key in this mission. Through partnerships such as this, we continue to strengthen child protection and promote positive values across our public secondary schools,” he said.

The commissioner added that teachers should never ignore reports of abuse or bullying, while urging students to reject cultism, drug abuse and violence, and to report cases of intimidation or harassment involving themselves or their classmates.

Earlier, the Permanent Secretary in the ministry, Mrs Abisola Dokunmu-Adegbite, said the programme demonstrates the government’s commitment to promoting zero tolerance for sexual and gender-based violence, bullying, cultism and drug abuse in schools.

She called on students, teachers, parents and communities to work together in creating safer learning environments, describing discipline, vigilance and mutual respect as essential to quality education.

“Protecting our children requires collective action, and every student and teacher must stand firmly against sexual violence, bullying, cultism and drug abuse in our schools,” she said.

Also speaking, the Executive Secretary of the Lagos State Domestic and Social Violence Agency, Mrs Titilola Vivour-Adeniyi, encouraged students to report abuse promptly, avoid isolated locations and reject inappropriate advances from both peers and adults.

She advised students to report incidents through the agency’s dedicated helpline and reminded participants that child protection is a shared responsibility.

The programme attracted students, teachers and other stakeholders from the six educational districts across Lagos State.

The issues

Schools are increasingly being recognised as critical spaces for preventing violence against children. Beyond academic instruction, education authorities are placing greater emphasis on child protection, mental wellbeing and early intervention to address issues such as bullying, sexual abuse, cult recruitment and substance abuse before they escalate.

What’s being said

“Teachers must never ignore reports of abuse or bullying because every child deserves protection, dignity, fairness and opportunities to reach their highest aspirations.” — Jamiu Alli-Balogun

“Our students must remember that their voice matters. Speak up when you witness or experience any form of abuse or intimidation.” — Abisola Dokunmu-Adegbite

What’s next

The state government is expected to continue the sensitisation campaign across public secondary schools, working with education authorities, DSVA and community stakeholders to strengthen child protection and encourage reporting of abuse.

Bottom line

Lagos is broadening its child protection efforts by mobilising schools, families and communities to combat sexual violence, bullying, cultism and drug abuse, with a focus on creating safer learning environments for students.

US Supreme Court upholds birthright citizenship, rejects Trump’s order

US Supreme Court upholds birthright citizenship, rejects Trump’s order

By
Kehinde Victor
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Key points

  • The US Supreme Court has ruled that children born in the United States remain entitled to automatic citizenship, rejecting President Donald Trump’s executive order.
  • The court held that the 14th Amendment guarantees citizenship to children born on US soil, including those whose parents are in the country illegally or on temporary visas.
  • Trump had argued that unrestricted birthright citizenship encourages illegal immigration and “birth tourism.”
  • The ruling marks another major legal setback for the Trump administration’s immigration agenda.

Main story

The United States Supreme Court has upheld the constitutional right to birthright citizenship, ruling that children born on American soil remain US citizens regardless of whether their parents are in the country illegally or on temporary visas.

In a 6-3 decision delivered on the final day of its term, the court rejected President Donald Trump’s executive order seeking to end automatic citizenship for children born to undocumented immigrants and temporary visa holders.

Trump signed the order on his first day back in office, arguing that such children were not entitled to citizenship under the 14th Amendment because their parents were not fully “subject to the jurisdiction” of the United States.

Lower courts had blocked the order, finding that it conflicted with the Citizenship Clause of the 14th Amendment, which has long been interpreted to grant citizenship to nearly everyone born in the United States.

Writing for the majority, Chief Justice John Roberts reaffirmed that constitutional interpretation.

“Children born in the United States to parents unlawfully or temporarily present are ‘subject to the jurisdiction’ of the United States and are citizens at birth under the Fourteenth Amendment’s Citizenship Clause,” Roberts wrote.

The case represented one of the most closely watched constitutional disputes of the court’s term and formed a central part of Trump’s broader effort to tighten immigration rules and reduce illegal migration.

In an unusual move, Trump personally attended the Supreme Court hearing in April, remaining in court for the presentation by Solicitor General John Sauer before leaving ahead of arguments presented by the American Civil Liberties Union (ACLU), which defended birthright citizenship.

During the proceedings, the administration argued that automatic citizenship encouraged illegal immigration and so-called “birth tourism,” where foreign nationals travel to the United States specifically to give birth so their children can obtain US citizenship.

Government lawyers further contended that the 14th Amendment, adopted after the Civil War to secure citizenship rights for formerly enslaved people, was never intended to apply to children of undocumented immigrants or temporary visitors.

The Supreme Court rejected that interpretation, relying on more than a century of constitutional precedent.

The justices reaffirmed the principles established in the landmark 1898 case involving Wong Kim Ark, who was born in San Francisco to Chinese parents and was later denied re-entry into the United States after travelling abroad. The court ruled then that his birth on US soil made him an American citizen despite his parents’ immigration status.

The latest decision represents another significant judicial setback for the Trump administration. It follows earlier Supreme Court rulings striking down much of the administration’s global tariff programme in February and blocking its attempt to remove Federal Reserve Governor Lisa Cook.

The issues

Birthright citizenship has been one of the most contentious issues in US immigration policy. Supporters argue it reflects the Constitution’s guarantee of equal citizenship and prevents the creation of stateless populations, while opponents contend it incentivises illegal immigration and should be restricted through constitutional reinterpretation or amendment.

What’s being said

“Children born in the United States to parents unlawfully or temporarily present are ‘subject to the jurisdiction’ of the United States and are citizens at birth under the Fourteenth Amendment’s Citizenship Clause.” — Chief Justice John Roberts

What’s next

The ruling effectively blocks the Trump administration from enforcing its executive order. Any future effort to end birthright citizenship would likely require a constitutional amendment rather than executive action.

Bottom line

The Supreme Court has reaffirmed one of the longest-standing principles of US constitutional law, preserving automatic citizenship for nearly everyone born on American soil despite the Trump administration’s efforts to narrow its scope.

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