By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
NIGERIA NEWS
CBN Monetary Policy Committee Concludes Meeting Amid Inflation Concerns
The Central Bank of Nigeria wrapped up its two-day MPC meeting today. Governor Olayemi Cardoso signaled caution on rate cuts despite months of disinflation, citing geopolitical shocks including Iran conflict as complicating factors. The committee had last held rates at twenty-six point six percent.
Federal Government Dismisses Claims of Huge Borrowing Under Tinubu
The FG on Monday dismissed reports that President Bola Tinubu borrowed about eighty trillion naira in three years, calling the claims false.
ICPC Grills Chief of Staff Gbajabiamila Over PFIPC Scandal
Femi Gbajabiamila appeared before the ICPC on Monday over allegations tied to the disputed Presidential Foreign Investment Promotion Council. The Presidency insists PFIPC is fictitious and has filed charges against the alleged DG for forgery.
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Nigerian Court Dismisses Lawsuit Seeking to Halt Shell Divestment
A Nigerian court dismissed a suit seeking to stop Shell’s divestment from onshore assets, clearing a path for the oil major’s exit plans.
Nigeria to Lead Humanitarian Response as UN Support Evolves
Minister Bernard Doro said Nigeria will take a bigger role in coordinating humanitarian aid, with technical backing from the UN. The shift comes as donor funding drops and nearly thirty-five million Nigerians face hunger risk.
Many Feared Dead in Another Nigeria Boat Disaster
Reports emerged of another boat mishap in Nigeria with many feared dead, adding to safety concerns on inland waterways.
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Wike’s Ally Rejects Tinubu Directive as BCDA Crisis Escalates
The leadership crisis at the Border Communities Development Agency deepened as embattled Executive Secretary Dr Dakorinama Alabo George insisted Tinubu’s directive does not stand.
AFRICA NEWS
Senegal President Bassirou Diomaye Faye Elected New ECOWAS Chairman
Senegal’s President was elected to lead ECOWAS, with regional leaders also approving the Nigeria-Morocco gas pipeline project.
Eight Worshippers Die in Crush at Burundi Preacher’s Gathering
A stampede at a religious gathering in Burundi left eight worshippers dead.
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Vote Counting Underway in Sao Tome and Principe Presidential Election
Authorities are counting votes following the presidential election in Sao Tome and Principe.
Gabon President Oligui Ngema Arrives France for State Visit
President Brice Oligui Nguema arrived in France for official talks aimed at strengthening bilateral ties.
Nigeria Hosts African ICT Ministers for Digital Agenda Talks
Ministers from across Africa will converge in Abuja from July twenty-third to twenty-fourth for the African Telecommunications Union conference to shape the continent’s digital future.
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INTERNATIONAL & GLOBAL NEWS
Protests Erupt in Italy After Migrant Dies in Police Custody
Hundreds protested in Bologna after Fakir, a migrant, died following pepper spray and restraint by police. Family demand justice and an autopsy was ordered.
Archbishop Gallagher Visits Nigeria to Mark Diplomatic Milestone
Vatican’s Secretary for Relations with States, Archbishop Paul Gallagher, visited Nigeria from July second to seventh to mark fifty years of Holy See-Nigeria diplomatic ties. He met President Tinubu and celebrated Mass in Abuja.
Nigeria Joins Global Convergence Initiative on Food and Climate
Nigeria joined twenty-one countries in a UN-backed initiative to align food systems with climate action. Minister Doris Uzoka-Anite said it supports the National Development Plan and food security goals.
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STOCK EXCHANGE & EXCHANGE RATES NEWS
Nigeria Inflation Eases Slightly Ahead of CBN Decision
Headline inflation slipped to fifteen point nine one percent in June, the first decline since February. Food inflation however rose to seventeen point five two percent driven by prices of tomatoes, pepper, yam and others.
Customs Faces Huge Revenue Target for Second Half of Year
The Nigeria Customs Service must generate seven trillion naira between July and December to meet its eleven trillion target for the year, after raising four trillion in the first half.
FTSE Russell Delays Nigeria’s Market Reclassification
FTSE Russell put Nigeria’s planned return to Frontier Market status under review over concerns about T+1 settlement and prefunding requirements, delaying expected foreign inflows.
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ENTERTAINMENT NEWS
Social Media Buzz Over Supernatural Story in Ikorodu
A viral story about a mysterious woman appearing in Ikorodu ahead of the Oro Festival sparked discussions online, with increased interest in urban legends.
Digital Broadcasting Transition Sparks Industry Debate
Nigeria successfully joined the digital broadcasting landscape in June. Stakeholders are now discussing infrastructure, cybersecurity and public reaction to the transition.
SPORTS NEWS
Public Sentiment Driven by Football and Local Trends
BusinessDay’s social listening report notes sports events, especially football, remain a major driver of public attention alongside politics and scandals.
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