By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
Nigeria News
NAHCON concludes 2026 Hajj return airlift as pilgrims arrive from Saudi Arabia
The National Hajj Commission of Nigeria officially concluded the return airlift of Nigerian pilgrims from Saudi Arabia for the 2026 Hajj exercise. The final flight from Zamfara was expected to arrive today. A dozen pilgrims are still receiving treatment in Saudi hospitals, with NAHCON monitoring their condition. The commission says preparations for the 2027 Hajj have already begun.
Tinubu meets Mastercard CEO, urges investors to harness Nigeria’s tech-savvy youth workforce
President Bola Tinubu told Mastercard’s CEO that his administration is laying the foundation for “a new Nigeria that works for all.” He said reforms are tough but necessary, citing roads, bridges, rails, and housing as early results. The Minister of Finance noted that informal businesses have been applying for registration daily due to fiscal reforms, and five of Africa’s fintech unicorns are Nigerian. Mastercard committed to supporting SMEs and connecting the diaspora.
Federal High Court adjourns El-Rufai’s corruption trial over absence of co-defendants
The trial of former Kaduna State Governor Nasir El-Rufai was adjourned to today after two co-defendants failed to appear in court. The ICPC is prosecuting him over allegations of abuse of office and financial impropriety during his tenure. El-Rufai was present in court and has denied all allegations.
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Army seeks stronger inter-agency collaboration on insecurity
The Commander of the 4 Special Forces Command, Doma, Nasarawa State, called for stronger collaboration among security agencies to address insurgency, terrorism, banditry, kidnapping and militancy. He spoke at the opening of a week-long Command Operations Planning Cadre, themed on tactical leadership and multi-agency approach to asymmetric operations.
NGX opens June with market decline despite historic T+1 transition
The Nigerian Exchange opened June with a decline in market capitalization, even as the bourse implemented its historic T+1 settlement cycle. BUA Cement led the losers’ table with the maximum daily decline. Sectoral performance was mixed, with Insurance and Consumer Goods closing positive while Industrial Goods bore the heaviest losses.
African News
Benin’s President Wadagni makes first official visit to Nigeria, prioritizes strategic partnership
President Romuald Wadagni of Benin arrived in Nigeria at the invitation of President Tinubu. The trip marks Wadagni’s first bilateral visit since his inauguration in May, underscoring Benin’s focus on partnership with Nigeria. Key areas include economic integration, energy cooperation, maritime security in the Gulf of Guinea, and ECOWAS cohesion.
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UN warns famine risk rises in ‘hunger hotspots’ including Northeast Nigeria
A joint FAO-WFP report warned that extreme hunger has intensified in thirteen hotspots, with Sudan, South Sudan, Yemen, Somalia, Northeast Nigeria and Gaza at immediate risk of famine without urgent intervention. Funding cuts have worsened the crisis, with support for food assistance falling significantly between recent years.
Canada announces humanitarian assistance for Nigeria and West Africa
Canada’s Secretary of State for International Development concluded a visit to Nigeria, announcing more than thirty million in humanitarian and development projects for Nigeria and West Africa. The initiatives will strengthen health systems, expand opportunities for women entrepreneurs, advance climate resilience, and invest in justice access.
International News
Ukraine defense figure claims fully autonomous drones killed Russian soldiers in battlefield test
A senior figure in Ukraine’s defense industry said AI-controlled “Terminator” quadcopters killed Russian soldiers in a one-off battlefield test about two years ago. If confirmed, it would be the first known case of artificial intelligence taking human lives in combat with no person in the loop. Ukraine’s Defense Ministry did not confirm the account.
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UN warns of worsening crises in Middle East, Ukraine and Africa
Conflicts and humanitarian emergencies continue across the Middle East, Ukraine and Africa, according to UN reporting. A northern-hemisphere heatwave linked to El Niño is adding pressure, and disruptions around the Strait of Hormuz remain a central concern. In Ukraine, May recorded the highest monthly civilian casualty toll in four years.
Iran allows nuclear inspections as US hails progress in talks
Tehran has agreed to let the IAEA recommence inspections of its nuclear programme, U.S. Vice President JD Vance said. The U.S. and Iran settled on a roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
UK in political turmoil as Starmer resigns after less than two years
UK Prime Minister Keir Starmer is out after less than two years, making him the latest leader to quit amid Britain’s highest rate of political turnover in almost two centuries. Like predecessors, he failed to stem anger over living standards and debt. Historians say Britain is in a deep hole after successive leaders failed to inspire confidence.
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Global News
AI set to use as much water as sub-Saharan Africa by end of decade, UN warns
UN scientists warn that by the end of the decade, AI will be using as much water as all people living in sub-Saharan Africa. The power needed for AI is expected to be triple that used by Pakistan, Bangladesh and Nigeria combined. The environmental cost is systematically mismeasured, focusing only on carbon.
El Niño confirmed, set to fuel more extreme weather globally
The UN confirmed the onset of El Niño, warning it will bring above-average temperatures nearly everywhere and fuel extreme weather. Tropical Pacific Ocean temperatures are significantly above average, potentially worsening heatwaves and heavy rainfall.
Stock Exchange & Exchange Rates News
Major Gulf bourses ease as oil drops and Fed rate-hike bets rise
Major Gulf equity markets fell in early trade after the U.S. waived sanctions on Iran, allowing oil sales for sixty days as part of a fledgling peace deal. Brent crude fell more than a percent. Saudi Arabia’s benchmark index eased, hit by a fall in Al Rajhi Bank. Qatar’s index was down slightly.
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Dollar climbs to thirteen-month high as stocks slump, yen nears forty-year low
The dollar index climbed to a thirteen-month high as a plunge in equity markets boosted liquidity demand. The yen weakened past a key level per dollar, its lowest since July last year, wiping out gains made after Tokyo’s intervention. A break above last year’s high would send the yen to its weakest since the mid-eighties.
S&P, Nasdaq and Dow fall as tech slide deepens on AI fears
The selloff in tech shares picked up steam, with the Nasdaq composite off significantly. Intel, Nvidia, Oracle and Tesla fell sharply, following steep losses on Monday. Chip maker Micron slid, helping pull the S&P lower. Falling oil prices haven’t been helping stocks much.
Entertainment News
David Corenswet wins internet respect after protecting Milly Alcock on red carpet
David Corenswet is winning praise online after protecting Milly Alcock on the red carpet. Fans are calling him a “real life Superman” after the interaction went viral.
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Zee Entertainment signs World Cup 2026 broadcast deal with FIFA
India’s Zee Entertainment struck a deal with FIFA to broadcast the World Cup in India, ending a months-long standoff over rights in one of the last major unsold markets. The deal covers dozens of FIFA events through 2034, including the Women’s World Cup in 2027.
Sports News
Super Eagles target 2030 World Cup after Chelle contract renewal
The National Sports Commission chairman said the NFF has concluded talks with Super Eagles coach Eric Chelle over improved terms and fresh targets, after Nigeria failed to qualify for the 2026 World Cup. Attention now shifts to long-term planning, with Nigeria targeting success at the next AFCON and a return to the World Cup in 2030.
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