By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
NIGERIA & POLITICS
Gunmen attack Sokoto village, kill 12 and abduct residents
Armed men attacked Lajinge village in Sokoto state overnight Saturday to Sunday. At least 12 killed, 4 injured. Women and children were abducted and livestock rustled. Police say investigation is ongoing
Finance Minister says subsidy savings absorbed by debt and spending
Savings from fuel subsidy removal have largely gone into higher debt-servicing costs and increased government spending. Borrowing rates have risen to as high as 24% from around 8% before reforms
FG spends more on education loans for over 1.5 million students
As part of post-subsidy spending, the government increased funding for an education loan programme providing tuition support and stipends to more than 1.5 million students
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Nigeria destroys 2,819 seized illicit arms in security crackdown
The National Centre for the Control of Small Arms and Light Weapons destroyed 2,819 illicit and obsolete weapons to prevent them from re-entering circulation amid banditry and insurgency
Sowore’s defamation trial adjourned to today August 3
A Federal High Court in Abuja adjourned the alleged criminal defamation trial of AAC presidential candidate Omoyele Sowore to today for continuation of defence
AGF challenges subpoena of DSS DG in Sowore case
The Attorney-General of the Federation appeared in court and urged the judge to set aside a subpoena issued to the DSS DG, arguing the document had already been admitted in evidence
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AFRICA NEWS
Ceuta migrant death toll rises to 72
Spanish authorities confirmed at least 72 people died during a mass crossing from Morocco into Ceuta. Over 50,000 people crossed last week
Guinea opts out of planned ECOWAS single currency
Guinea announced it will not join the proposed ECOWAS single currency project
Tigray authorities accuse Addis Ababa of ‘launching open war’
Authorities in Ethiopia’s Tigray region accused the federal government of renewed hostilities
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SIGNIS World Congress begins in Kigali
The SIGNIS World Congress for Catholic communicators opened today in Kigali, Rwanda and will run through August 8
UN warns strong El Niño to intensify from August
The World Meteorological Organization said El Niño will strengthen during August–October 2026, raising risks of drought, floods and wildfires
INTERNATIONAL & GLOBAL NEWS
Trump says Iran talks to take place today
US President Donald Trump announced talks with Iran will happen on Monday and called off imminent attacks to pursue a deal on the Strait of Hormuz
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Oil slumps on hopes of Iran deal
Brent crude dropped more than 4% to $83.88 on Monday as markets reacted to possible US-Iran de-escalation
Yen firms after US-Japan joint intervention
The Japanese yen jumped after the US and Japan confirmed coordinated intervention to support the currency
Russian-linked tanker reroutes around Africa
A Panama-flagged tanker carrying Russian naphtha turned away from Bab-el-Mandeb strait last week and is now signaling Cape Town as destination
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STOCK EXCHANGE & EXCHANGE RATES
Gulf stocks rise on Iran de-escalation hopes
Gulf markets closed higher Sunday. Saudi Arabia’s index gained 1.1% led by Al Rajhi Bank and Aramco. Qatar’s index also climbed
US and Asian futures mixed
S&P 500 and Nasdaq futures rose Monday morning, while Japan’s Nikkei dipped nearly 2% and South Korea’s KOSPI fell over 4%
Naira trades around 1,363 to the dollar
Official rate data from last week shows the naira at around 1,363.70 to one US dollar amid ongoing FX reforms
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ENTERTAINMENT
Moroccan rapper Mehdi Black Wind released on bail
Moroccan rapper Mehdi Black Wind was released on bail but still faces charges according to Africa news roundup for Aug 3
FASHION & STYLE
African designers spotlighted ahead of Kigali SIGNIS Congress
With the SIGNIS World Congress opening in Kigali today, local Rwandan and pan-African designers are showcasing Ankara, Kitenge and sustainable fabrics to delegates and media attending the week-long event
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