Sultan Muhammadu Sa’ad Abubakar fled northern traditional rulers and prominent Islamic scholars to Kaduna on Monday for a high‑level peace meeting aimed at tackling insecurity and promoting unity across the region. Participants included members of the Northern Traditional Leaders Council, federal lawmakers, security chiefs and policy makers who discussed spiritual and community‑based strategies to confront banditry, kidnapping and other violent crime affecting northern states. Strengthening grassroots intelligence and moral leadership Speakers at the meeting urged clerics and traditional leaders to deepen collaboration with security agencies and state governments to strengthen grassroots intelligence and early warning systems, while using sermons and…
Author: Abdoulaye Kay
Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, has issued a 72-hour ultimatum to Adeniyi Adeyemi, warning him to withdraw the allegations he described as defamatory against Gbajabiamila or face a N10 billion defamation lawsuit, as well as possible criminal proceedings. The ultimatum was conveyed in a cease-and-desist letter dated July 6, 2026, by the law firm of Pinheiro LP, led by Senior Advocate of Nigeria (SAN) Kemi Pinheiro, acting on behalf of Gbajabiamila. According to the letter, Adeyemi made a series of allegations during a June 25 press conference, accusing the Chief of Staff of corruption, abuse of…
The Nigerian Police have arrested the father and a family friend of Adeniyi Adeyemi, the embattled figure accused of posing as the Director-General of the purported Presidential Foreign Intervention Promotion Council (PFIPC), in Ogbomoso, Oyo State, as investigations into the controversial, alleged fake government agency intensify. The arrests were disclosed by prominent human rights lawyer, Femi Falana (SAN), who alleged that police operatives stormed the family residence of Adeyemi’s parents and took his father into custody along with a family friend who was visiting at the time. Falana criticised the action, describing it as an unlawful case of “substituted arrest.”…
Nigeria’s foreign exchange (FX) market recorded its strongest weekly trading activity in more than three months, with total turnover rising 7.67 per cent to $3.05 billion in the week ended July 3, 2026. The increase, equivalent to $217.57 million from the previous week’s $2.84 billion, was driven by stronger activity in both the spot and derivatives segments of the market, according to the latest weekly review released by FMDQ. The report showed that average daily turnover climbed to approximately $610.6 million, marking the second consecutive week of simultaneous growth in both market segments. Spot transactions continued to account for the…
The naira recorded a slight depreciation against the United States dollar in both the parallel and official foreign exchange market, extending its recent weak performance. In the parallel markets, the local currency traded at N1,400 per dollar, compared to N1,395/$ recorded at the close of trading last weekend, reflecting a N5 loss. Similarly, data from the Central Bank of Nigeria indicated that the naira also weakened in the Nigerian Foreign Exchange Market (NFEM), where the indicative exchange rate edged up to N1,371/$ from N1,370/$ at the previous close. ALSO READ CBN plans record N2trn treasury bill issuance to tighten liquidity…
Nigeria has commenced the implementation of the newly enacted National Identity Management Commission (NIMC) Act 2026, ushering in a major overhaul of the country’s identity management system with a stronger focus on digital identity, enhanced data protection and stricter penalties for identity-related offences. The new legislation, which repeals the 2007 NIMC Act, establishes digital identity as a key component of Nigeria’s Digital Public Infrastructure (DPI), allowing citizens to authenticate their identities through smartphone applications, QR codes, biometric verification, digital wallets and other electronic credentials rather than relying primarily on physical identity cards. Under the law, the National Identity Management Commission…
The Kaduna State Ministry of Health has launched an intensified rainy‑season preparedness programme aimed at preventing and rapidly responding to outbreaks of malaria, cholera and other seasonal illnesses across the state. The Commissioner for Health, Umma Ahmad said on Monday, that the ministry is working with local government health authorities, the Kaduna State Emergency Management Agency (KADSEMA) and development partners — including the NCDC, NMEP, WHO and UNICEF — to strengthen surveillance, pre‑position supplies and deploy rapid‑response teams where needed. Expanded surveillance, rapid response According to Ahmad, the ministry has scaled up Integrated Disease Surveillance and Response (IDSR) activities and…
The Central Bank of Nigeria (CBN) is set to launch its largest monthly Treasury Bills (T-Bills) issuance of 2026, with plans to raise N2 trillion in July as part of an aggressive liquidity management strategy aimed at tightening money supply and supporting macroeconomic stability. The planned issuance is significantly higher than the N647.79 billion worth of Treasury Bills scheduled to mature during the month, resulting in a projected net liquidity withdrawal of about N1.35 trillion from the banking system. The July exercise marks the opening phase of the CBN’s third-quarter Treasury Bills issuance programme, under which the apex bank intends…
Newly surfaced official documents have revealed that the Office of the Secretary to the Government of the Federation (OSGF) approved an international trip by Adeniyi Adeyemi, the embattled promoter of the alleged Presidential Foreign Intervention Promotion Council (PFIPC), months before the organisation became the subject of a major controversy. The documents show that Adeyemi received clearance from the OSGF to participate in a fintech summit in Canada scheduled for August 3 to August 8, further complicating the Federal Government’s position that the PFIPC was a non-existent body. The approval reportedly authorised Adeyemi to attend the event in his capacity as…
The naira maintained relative stability in the foreign exchange market, supported by the Central Bank of Nigeria’s (CBN) tight monetary policy, stronger crude oil production and improved foreign exchange inflows, according to market analysts. Analysts said the CBN’s hawkish monetary stance has continued to attract foreign portfolio investments, helping to strengthen liquidity in the official foreign exchange market and reduce exchange rate volatility. The improved performance of the local currency has also been linked to increased crude oil output and stronger export earnings, which have boosted Nigeria’s foreign exchange reserves and enhanced confidence in the economy. Market data showed that…