By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
Nigeria News
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- IMF warns rising cost of essentials will deepen poverty in Nigeria
The IMF said higher prices for food and essentials will worsen poverty and food insecurity despite improved macroeconomic stability. It maintained Nigeria’s growth forecast for this year and next. - Tinubu holds closed-door security meeting with service chiefs
President Bola Tinubu met with military and intelligence chiefs in Abuja to review security across the country. - Fourth evacuation flight of Nigerians from South Africa arrives Lagos
Returnees landed at Murtala Muhammed Airport aboard an Air Peace flight as part of the government’s repatriation over xenophobic attacks. - Court to deliver judgment on EFCC bid to seize properties linked to Malami
A Federal High Court in Abuja scheduled judgment today on the final forfeiture of properties allegedly linked to the former AGF. - Emir of Ilorin turbans Sheikh Dasuki as 13th Chief Imam
The turbaning ceremony held today at the Emir’s Palace in Ilorin. - House of Reps clash over bid to invite Tinubu on budget implementation
A rowdy session followed a motion to invite the President over delayed releases to MDAs. The Speaker stopped it. - Senate approves Police Trust Fund budget
The Senate endorsed the Fund’s budget aimed at improving police welfare and operations. - Defence Minister says bandits threatened to kill abducted Oyo pupils
Minister Christopher Musa revealed threats by terrorists behind the abduction of students and teachers in Oriire.
African News
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- IMF Africa director meets Malawi officials over new loan program
Discussions in Gambia focused on restoring macroeconomic stability and protecting social spending amid high inflation. - Convoy carrying Russian fighters attacked in northern Mali
A Tuareg-led group claimed responsibility for the attack on Malian soldiers and Africa Corps fighters near Anefis. - Ebola death toll rises in DR Congo as health workers strike
Health authorities reported more confirmed cases while some workers downed tools over unpaid wages. - South Africa freezes funding for Johannesburg and other municipalities
The national government cited financial management concerns in withholding funds.
International / Global News
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- Iran says it hit US military targets in Gulf, buries slain leader Khamenei
Iranian forces launched attacks on US infrastructure in Kuwait, Bahrain and Qatar the same day Khamenei was buried in Mashhad. - Putin likely to escalate Ukraine war despite Trump peace push
Sources close to the Kremlin said Putin is rejecting negotiations after Ukrainian strikes on Russian oil facilities. - Trump swings from threats to praise at NATO summit in Ankara
After criticizing allies over Iran and defence spending, Trump later praised NATO unity and higher spending commitments. - Wildfires kill people in southern Spain
A devastating fire in Almeria left fatalities as emergency crews battled the blaze. - Sudan army demands full RSF withdrawal before accepting US peace plan
The army rejected a partial withdrawal proposal and insisted on full evacuation of occupied cities.
Stock Exchange & Exchange Rates
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- US stocks recover as chip shares rally
The Nasdaq, S&P and Dow closed higher while oil prices pulled back amid Middle East tensions. - Indian Sensex jumps after TCS profit
Strong earnings and global cues pushed Indian markets higher in morning trading. - Naira trades around to dollar in official market
CBN data showed the naira at approximately per dollar at the Nigerian Foreign Exchange Market. - Dollar strengthens on Fed “higher-for-longer” expectations
Resilient US data pushed expectations for rates to stay up, supporting the dollar.
Entertainment News
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- Bonnie Tyler, singer of ‘Total Eclipse of the Heart’, dies at
The Welsh singer passed away. Her hits featured in films, TV shows and ads. - FuboTV names Disney’s Alisa Bowen as new CEO
The streaming firm appointed the former Disney+ president effective today, replacing co-founder David Gandler. - Rolling Stones announce new album ‘Foreign Tongues’ and tour plans
Mick Jagger said the band will tour the album, which features guest artists.
Sports News
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- World Cup quarter-finals: Argentina advance after beating Egypt
Argentina came from behind to defeat Egypt and book a place in the last four. - Wimbledon: Marta Kostyuk reaches first Grand Slam semi-final
The 12th seed defeated former finalist Jasmine Paolini in straight sets.
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