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Washington, June 8, 2026 – The Trump administration on Monday announced it is seeking to revoke the citizenship of 17 U.S. citizens accused of immigration fraud, expanding its unprecedented denaturalization campaign. CBS News exclusively reported about the plans before they were unveiled by the Justice Department. Officials said the move represents the largest-ever effort by the U.S. government to use its denaturalization powers, which were rarely invoked before President Trump returned to the White House last year with promises to launch a historic deportation blitz. Between 1990 and 2017, the Justice …

Washington, June 8, 2026 – President Donald Trump said the Federal Reserve would be wrong to raise interest rates as his nominee Kevin Warsh prepares to chair his first Fed policy meeting. Trump, in an interview with NBC’s Meet the Press, sought to push back against market sentiment after a blowout US jobs report for May spurred bets that the Fed’s next move will be a rate hike to keep inflation in check. “Nowadays when you have good reports, the market goes down because they think they’re going to raise …

Lagos, June 8, 2026 – The Centre for the Promotion of Private Enterprise [CPPE] has appealed to the House of Representatives to reject the sugar beverage bill currently before it. The private think tank made the appeal in a statement signed by its Chie Executive, Muda Yusuf on Sunday. The CPPE said it was shocked and deeply concerned that the Senate had proceeded with the passage of the bill  in spite of overwhelming objections from private sector stakeholders, led by the Manufacturers Association of Nigeria. The CPPE said the consideration …

Perth/Beijing, June 8, 2026 – Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day ‌earlier. Brent crude futures rose $4.42 or 4.47% to $97.15 a barrel as of 0609 GMT, while U.S. crude futures were ‌up $4.07 or 4.50% at $94.61 per barrel. Israel said on Monday it hit a petrochemical plant in Iran’s southwest, along with strikes elsewhere on military targets. That’s despite ​U.S. President Donald Trump reportedly telling Israeli Prime Minister …

Abuja, June 8, 2026 – NNPC Foundation, the Corporate Social Responsibility (CSR) arm of NNPC Ltd., has inaugurated and handed over a fully installed a state-of-the-art, 1.5 Tesla Magnetic Resonance Imaging (MRI) System to the National Orthopaedic Hospital (NOH), Dala, Kano State.  The NNPC said in a statement that the intervention, is in furtherance of NNPC Ltd’s commitment to improving healthcare access and strengthening medical infrastructure across Nigeria. It is also expected to enhance the diagnosis and treatment of orthopaedic, neurological, trauma and musculoskeletal and gynaecological conditions.  Before the intervention, …

Lagos, June 8, 2026 -The Nigerian Exchange Group (NGX Group) says the anticipated Initial Public Offering (IPO) of Dangote Refinery and Petrochemicals is being positioned as an African investment opportunity. Umaru Kwairanga, its disclosed this at the London Africa Summit on Friday, which focused on strengthening business and investment ties. Kwairanga, in a statement on Saturday, said NGX had engaged stock exchanges across Africa to broaden participation in the planned offer and deepen regional capital market integration. “We want to consider the Dangote Refinery offer as an African offer and …

Washington, June 8, 2026 – Goldman Sachs expects the U.S. Federal Reserve to keep rates unchanged through 2026 and delay rate cuts until 2027, it ​said on Friday, citing stronger economic activity and job growth ‌after a robust payrolls report. The brokerage now expects rate cuts in June and December 2027, instead of the 25-basis-point reductions it had forecast for December ​2026 and March 2027. The change followed a stronger-than-expected U.S. job report,  ​which pointed to renewed labor market strength and gave ⁠the Federal Reserve more room to keep rates …

London, June 8, 2026 – OPEC+ agreed on Sunday a fourth increase in its oil output targets in as many months, ‌even though the U.S. war with Iran is still preventing several of the group’s members from pumping more. The war has cut oil flows via the Strait of Hormuz, creating the world’s biggest-ever supply crisis as key OPEC+ members including Saudi Arabia have been unable to supply customers in full since the end of February. The crisis ​for OPEC+ deepened when the United Arab Emirates left the Organization of the …

Lagos, June, 7, 2026 -The Federal High Court sitting in Lagos has declared unlawful the National Assembly’s controversial N110 billion vehicle and allowance schemes. It ruled that spending N40 billion on 465 vehicles for lawmakers and N70 billion in support allowances for newly elected members breached procurement laws, constitutional obligations and the public trust. The court also ordered the Senate President, Mr Godswill Akpabio and Speaker of House of Representatives, Mr Tajudeen Abbas “to ensure that all future procurements or expenditure of public funds by the National Assembly comply strictly with due …

Abuja, June 7, 2026 – The National Drug Law Enforcement Agency (NDLEA) has intercepted a large consignment of opioids concealed in a truck conveying building materials from Onitsha to Jalingo. Femi Babafemi, the NDLEA Director of Media and Advocacy, disclosed this in a statement on Sunday. The statement said NDLEA operatives in Taraba intercepted the drugs following credible intelligence operation on Saturday at Nukkai Timber Shade in Jalingo. It said a thorough search of the truck led to the recovery of large quantities of drugs which included 320,840 capsules of …