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How Nigeria can unleash its economic potential  – IMF

By – Axel Schimmelpfennig and Christian Ebeke  Washington, July 7, 2025 – Over the past two years, Nigeria—Africa’s most populous country—has implemented difficult reforms to tackle long-standing obstacles weighing on the economy.  While the reforms are starting to show results, poverty and food insecurity remain high, and the uncertain global environment presents additional challenges.   As discussed in our latest annual economic health check of the West African nation, the right policies can help Nigeria realize its potential as an African and global economic powerhouse.    A difficult starting point   …

NDLEA arrests 78-year-old man with 14.49kg skunk, tramadol in Cross River

Abuja, July 6, 2025 – The National Drug Law Enforcement Agency (NDLEA) has arrested a 78-year-old man, Mike Abeng, with 14.49kg of skunk and tramadol in Ofudua, Obubra LGA in Cross River State. Femi Babafemi, the NDLEA Spokesman, disclosed this in a statement on Sunday. He said three others that were also arrested during the same operation included Oyom Akam, Sylvester Odem, and Moses Ayo, all apprehended in Ovonum, Obubra LGA. The NDLEA has also intercepted consignments of cocaine concealed in lipsticks and property title documents. It said 420 grams …

Addis Ababa to host 3rd African job forum, propel continent’s job growth agenda

Addis Ababa, July 6, 2025 – The 3rd African Job Creation Forum would be held in Addis Ababa from July 7-9, 2025, marking a resounding success in galvanizing efforts to address the continent’s employment challenges through agricultural innovation and agro-industrialization, Minister of Labor and Skills, Muferiat Kamil remarked. Briefing the media about the event, Muferiat underscored the vital role of the forum in driving a dynamic and inclusive future for Africa’s agricultural economy. She stressed the event served as a catalyst for change, highlighting the urgent need for sustainable employment …

TMSG endorses new flood insurance policy, wants speedy enforcement 

Abuja, July 4, 2025 – The Tinubu Media Support Group (TMSG) has welcomed the newly introduced flood insurance policy, describing it as a progressive measure to mitigate loss from flood disasters in the country. In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, TMSG said the National Flood Insurance Policy is a proactive step capable of bringing quick relief to victims of natural disaster across the country. The statement reads in part: “For us, this initiative could not have come at a better time than now …

Over 14m vulnerable people could die by 2030 due to US foreign aid cut

Washington, July 1, 2025 – More than 14 million of the world’s most vulnerable people, a third of them small children, could die by 2030 because of the Trump administration’s dismantling of US foreign aid, research projected on Tuesday. The study in the prestigious Lancet journal was published as world and business leaders gather for a United Nations conference in Spain this week hoping to bolster the reeling aid sector. The US Agency for International Development (USAID) had provided over 40 percent of global humanitarian funding until Donald Trump returned …

Sanwo-Olu seeks West, Central African collaboration on ferry safety

Lagos, June 25, 2025 – Gov. Babajide Sanwo-Olu of Lagos State Governor has advised West and Central African countries to forge common safety frameworks and share intelligence data essential to revolutionise ferry operations in the region. He made the appeal in Lagos on Wednesday at the Regional Ferry Safety Conference. The conference was organised by the Lagos State Waterways Authority in conjunction with Maritime Organisation of West and Central Africa and Interferry. It had the theme, ‘Charting Safer Waters: Advancing Ferry Safety through Innovation, Collaboration and Integrated Transport Solutions’. The …

FG commences needs assessment of Yelewata bandit victims – Minister

Abuja, June 25, 2025 – The federal government has commenced a needs assessment of the victims of the bandit attacks in Yelewata in Benue State. Prof. Nentawe Yilwatda, the Minister of Humanitarian Affairs and Poverty Reduction, disclosed this in Makurdi on Wednesday after a closed-door meeting with stakeholders and security heads. He said the federal government needed comprehensive needs assessment of the victims and their community for effective interventions. The minister said the assessment would include the humanitarian and development components for the victims, especially the people of Yelewata. He …

West Africa: ECOWAS fights for survival under new leadership

By – Sertan Sanderson Lagos, June 25, 2025 -Under previous chairman, Bola Tinubu, the West African economic bloc faced the greatest challenges of its 50-year history. Its new leader faces an uphill battle to prevent further fragmentation. It is not exactly the end of a proverbial era: Nigerian President Bola Tinubu led the Economic Community of West African States (ECOWAS) for just under two years as its rotating chairman. But in that short period, the main political and economic body in the region witnessed some of the biggest challenges in its …

AfCFTA to revolutionise Africa’s economic landscape – UN expert

 Addis Ababa, June 25, 2025 (ENA)— The African Continental Free Trade Area (AfCFTA) is set to revolutionize Africa’s economic landscape by creating a unified market that supports large-scale investment and industrialization, Melaku Desta, the Africa Trade Policy Centre Coordinator at the UN Economic Commission for Africa, made this observation. . The AfCFTA aims to foster intra-African trade, allowing countries to become markets for each other’s products. The coordinator noted that the AfCFTA addresses the historical limitations of over 50 small and fragmented economies. “First, we have over 50 small and fragmented …

Trump announces Israel-Iran ceasefire

Dubai, June 24, 2025 – U.S. President Donald Trump announced that Israel and Iran had agreed to a “complete and total ceasefire” soon after Iran launched a limited missile attack Monday on a U.S. military base in Qatar, retaliating for the American bombing of its nuclear sites. But the status of a possible ceasefire remained tentative after an Iranian missile barrage struck Israel after a first deadline for the proposal. The Iranian barrages sent Israelis hurrying into bomb shelters as the sun rose, killing at least four people and injuring eight …