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FG Denies Plans To Introduce New Telecom And Fuel Taxes Following IMF Recommendations

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The Federal Government has dismissed reports claiming it plans to introduce new taxes on telecommunications services and petroleum products following the release of the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria.

The clarification came after reports suggested that the IMF recommended extending Value Added Tax (VAT) to fuel products and imposing excise duties on telecommunications services as part of efforts to increase revenue, support development, and fund social spending.

In a statement issued on Wednesday by Efe Ovuakporie, Head of the Information and Public Relations Unit at the Ministry of Finance, the government said the reports misinterpreted the IMF’s recommendations and do not reflect its current policy direction.

According to the statement, “The IMF Article IV Consultation Report contains the Fund’s assessment of Nigeria’s economy as well as recommendations for consideration by the authorities.

“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities”.

The government emphasized that the VAT exemption on petroleum products remains in effect and has not been removed.

It also explained that while current legislation provides for a fuel surcharge, such a charge can only be implemented through a ministerial order and official publication in the government gazette.

“No such process is under consideration.

“The continued suspension of these charges has helped cushion the effect of global energy price fluctuations on households and businesses while keeping domestic fuel prices relatively stable”.

The statement further clarified that the telecommunications excise duty introduced before 2023 has already been repealed under the new tax framework and is no longer in force.

Based on this, the government stressed that reports suggesting fresh taxes are being planned for telecom services or petroleum products “are not factual and should be disregarded”.

The Federal Government reiterated its commitment to policies that encourage economic growth, improve revenue collection, and create a more attractive environment for investment and job creation.

“The emphasis remains on expanding economic activity, plugging leakages and improving efficiency rather than placing additional tax burdens on citizens.

“Any future tax measures will be announced through official channels and implemented in line with the law”, the statement added.

CBN Orders Banks, Fintechs To Reveal Beneficial Owners, Introduces New Payment System Regulations

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The Central Bank of Nigeria (CBN) has introduced new regulatory measures requiring banks, fintech firms, and other licensed payment service providers to disclose their ultimate beneficial owners as part of efforts to strengthen transparency and oversight within the country’s digital financial sector.

The directive was outlined in a circular dated June 15, 2026, signed by the Director of the Payments System Supervision Department, Dr. Rakiya Yusuf, and addressed to deposit money banks, microfinance banks, mobile money operators, payment service providers, and other stakeholders in the fintech industry.

According to the apex bank, the policy is designed to improve transparency in ownership structures as Nigeria’s digital payments landscape continues to grow, with several operators gaining significant influence across different segments of the market.

The CBN noted that while technological innovation has boosted financial inclusion and improved transaction efficiency, it has also created concerns regarding market concentration, systemic risks, and limited visibility into ownership arrangements.

Under the new framework, all regulated institutions must maintain accurate and updated records of their ultimate beneficial owners and provide such information to the regulator whenever requested.

The central bank also introduced a data localisation policy, directing that all payment transaction data generated within Nigeria must be stored and processed locally. Institutions are expected to achieve full compliance with this requirement by January 1, 2027.

Additionally, the CBN unveiled new market-share restrictions aimed at preventing excessive market dominance. Under the rules, any institution controlling more than 25 percent of the consumer issuing market will be restricted from exceeding 15 percent of the merchant acquiring market, and vice versa.

According to the regulator, the measures are intended to encourage healthy competition, reduce systemic vulnerabilities, and prevent any single operator from gaining disproportionate control across multiple areas of the payments ecosystem.

To facilitate compliance, the CBN has instructed all regulated entities to submit monthly market-share reports using approved templates and reporting timelines. Operators have until December 31, 2026, to align their operations with the new requirements.

The apex bank stated that implementation will be closely monitored and that supervisory sanctions may be imposed on institutions that fail to comply, emphasizing that the reforms are aimed at preserving the stability, transparency, and integrity of Nigeria’s fast-growing digital payments industry.

Thousands Of Migrants Fear For Their Safety As South Africa’s June 30 Deadline Nears

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Thousands of undocumented migrants in South Africa say they fear for their lives as a June 30 deadline set by anti-migrant protesters for foreigners to leave the country draws closer.

Many migrants, particularly from Malawi, have fled their homes in Durban after reporting threats, intimidation and violent attacks by groups demanding that undocumented foreigners leave South Africa. Around 7,000 people have gathered in temporary camps while awaiting repatriation assistance from their home countries.

One of the displaced migrants, 36-year-old Malawian national Esnat Joseph, said armed men attacked her family, seriously injuring her husband before forcing them to flee. She is now seeking to return to Malawi with her one-year-old triplets.

The protests, led by anti-migrant groups and supported by some political figures, have intensified ahead of the June 30 deadline. Demonstrators argue that undocumented migrants are placing pressure on jobs, schools and public services, while insisting their campaign is aimed at enforcing immigration laws rather than promoting xenophobia.

South African President Cyril Ramaphosa has condemned the intimidation of migrants, warning that vulnerable people should not be blamed for the country’s economic challenges. He also stressed that no individual has the authority to demand proof of nationality from people in public.

Several African countries, including Malawi, Nigeria, Ghana, Mozambique and Zimbabwe, have begun repatriating citizens who have chosen to leave South Africa amid growing fears of violence. More than 3,500 migrants have reportedly returned home in recent weeks.

Human rights groups have warned that the rising hostility could trigger another wave of xenophobic violence similar to previous deadly attacks recorded in 2008, 2015, 2016 and 2019, as thousands of migrants continue to seek safety before the June 30 deadline.

Somaliland Opens Embassy In Jerusalem Following Israel’s Recognition

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Somaliland has officially opened an embassy in Jerusalem, six months after Israel became the first country to recognise the self-declared republic as an independent state.

The diplomatic mission was inaugurated in West Jerusalem during an official visit by Somaliland President Abdirahman Mohamed Abdullahi, who held talks with Israeli Prime Minister Benjamin Netanyahu.

Speaking during the meeting, Netanyahu described the relationship between Israel and Somaliland as one built on a “deep spiritual bond” and welcomed Somaliland’s decision to establish its embassy in Jerusalem, which Israel considers its capital.

President Abdullahi praised Israel for recognising Somaliland’s independence and said the two sides would strengthen cooperation in areas including trade, technology, security and the development of Somaliland’s natural resources, including oil and rare earth minerals.

Somalia strongly condemned the move, insisting Somaliland remains part of its territory and describing Israel’s engagement with the breakaway region as a violation of Somalia’s sovereignty. The Palestinian Authority also criticised the opening of the embassy in Jerusalem, calling it a breach of international law.

Somaliland has governed itself since declaring independence from Somalia in 1991, following the collapse of Somalia’s central government. Although it has maintained its own institutions and relative stability for decades, Israel remains the only country to have formally recognised its independence.

The latest development is expected to deepen diplomatic ties between Israel and Somaliland while further intensifying regional and international debate over Somaliland’s political status and the disputed status of Jerusalem.

Thomas Partey Denied Entry Into Canada, Ruled Out Of Ghana’s World Cup Opener

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Ghana midfielder Thomas Partey will miss his country’s opening match of the 2026 FIFA World Cup against Panama after Canadian authorities denied him entry over ongoing criminal proceedings in the United Kingdom.

According to court documents, Canadian officials rejected Partey’s visa application after determining that he failed to disclose he had previously been arrested and was facing multiple criminal charges in the UK.

The 33-year-old former Arsenal midfielder has pleaded not guilty to seven counts of rape and one count of sexual assault involving allegations made by four women between 2020 and 2022. His trial is scheduled to begin next year.

The Ghanaian government appealed the decision, seeking temporary permission for Partey to enter Canada solely to participate in the World Cup fixture in Toronto, but a federal court dismissed the request, ruling there was no basis to overturn the visa refusal.

Canada’s immigration authorities said hosting a major sporting event does not exempt visitors from the country’s immigration laws, adding that every application is assessed individually under existing legal requirements.

Despite the legal case, Partey was recently allowed into the United States after being issued a visa, with US authorities stating that admissibility decisions are made on a case-by-case basis and noting that he has not been convicted of any crime.

Ghana head coach Carlos Queiroz had previously defended his decision to include Partey in the squad, saying he would work with the players available while awaiting the outcome of the immigration process.

Partey’s absence is a significant setback for Ghana ahead of its World Cup opener against Panama, with further group-stage matches against England and Croatia to follow.

Messi Equals World Cup Scoring Record With Hat-Trick In Argentina Win Over Algeria

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Lionel Messi became the World Cup’s joint-top all-time scorer with a hat-trick as reigning champions Argentina began their defence with a statement victory over Algeria.

Making his 200th appearance for his country, Messi scored his first treble at a World Cup.

And it created a piece of history, as the eight-time Ballon d’Or winner took his World Cup finals goal tally to 16 – moving him level with Germany’s Miroslav Klose as the all-time leading scorer in the competition’s history.

The three-time world champions were made to work for victory at the Kansas City Stadium as they aim to become only the third nation to successfully defend the World Cup.

It was the first time Argentina had won their opening match at a World Cup as defending champions, having suffered defeats in 1982 and 1990.

That was down to the brilliance of Messi, who curled home a wonderful opener in the 17th minute.

The 38-year-old collected the ball from Inter Miami team-mate Rodrigo De Paul before bending a strike past Luca Zidane – the son of France legend Zinedine Zidane – on his 27th World Cup appearance.

His goal arrived 12 minutes after an earlier effort had been disallowed during a breathless start, with Algeria also having a strike ruled out three minutes later as the game burst into life right from the off.

But on a night when he became the first player to appear in six World Cups, Messi was lucky to escape punishment for reckless challenge on Algeria’s Aissa Mandi midway through the first half.

Argentina’s second came from close range on the hour mark when Messi pounced on a mistake from Zidane, before he sealed a first World Cup treble in the 76th minute when he arrowed home a thunderous strike from the edge of the area after taking the ball from Nicolas Gonzalez.

Having made a winning start in Group J, Argentina next face matches against Austria and Jordan.

Lionel Messi scores as Argentina beat Algeria
Image caption, Lionel Messi has scored his 16th World Cup exactly 20 years after his first against Serbia and Montenegro in 2006

If anyone was questioning why Messi did not hang up his international boots after winning the World Cup in Qatar in 2022, he delivered an emphatic answer here.

A week out from his 39th birthday, he rolled back the years with a sensational display, claiming yet another record from long-time rival Cristiano Ronaldo by becoming the oldest player to score a hat-trick at a World Cup.

Much had been made of Messi’s decision to continue his international career after leading Argentina to the summit of world football four years ago. But this performance proved he is not in the United States to make up the numbers this summer – he is determined to help Argentina to secure a fourth World Cup success. 

After drawing level with Klose as the World Cup’s all-time leading scorer, few would bet against Messi claiming that record outright by the time the final whistle blows in Argentina’s next match against Austria.

Once again, it will be all eyes on the Argentine superstar on Monday.

What’s next for these teams?

Argentina face Austria at the Dallas Stadium on 22 June (18:00 BST), while Algeria meet Jordan in the early hours of Tuesday

Gunmen Attack NIPSS Facility In Plateau, Three Security Personnel Killed

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Suspected gunmen have attacked the National Institute for Policy and Strategic Studies (NIPSS) in Kuru, Jos South Local Government Area of Plateau State, resulting in the deaths of three security personnel during an attempted breach of the facility.

The attack reportedly took place late Monday night when armed assailants stormed the institute and opened fire on security operatives stationed at the entrance of the country’s premier policy and leadership training centre.

Sources familiar with the incident disclosed that security personnel responded swiftly, engaging the attackers in a fierce exchange of gunfire that lasted several minutes.

A staff member of the institute, who spoke on condition of anonymity because he was not authorised to comment publicly, said the security team successfully prevented the attackers from gaining access to the facility despite suffering casualties.

According to the source, those killed included two military personnel and a police officer attached to the institute’s security unit.

Residents of Kuru and surrounding communities said the prolonged gunfire caused panic and uncertainty throughout the area. One resident, Bulus Haruna, described the incident as terrifying, noting that many people stayed indoors throughout the night as the shooting continued.

Although the attackers were eventually repelled and forced to retreat, authorities have not yet established the motive behind the assault.

As of the time of filing this report, neither the Plateau State Police Command nor the management of NIPSS had released an official statement on the incident.

Security agencies are expected to begin investigations into the attack as concerns mount over the protection of key national institutions.

Court Issues Arrest Warrant For Sowore Over Absence At Cybercrime Trial

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The Federal High Court in Abuja has ordered the arrest of activist and African Action Congress (AAC) presidential candidate, Omoyele Sowore, after he failed to appear for proceedings in his ongoing cybercrime case.

Justice Mohammed Umar issued the arrest warrant on Tuesday following an application by the Department of State Services (DSS), which is prosecuting the matter. The court also revoked the bail previously granted to Sowore.

The activist is standing trial on a two-count charge arising from social media posts in which he referred to President Bola Tinubu as a “criminal” while responding to remarks made by the president on corruption during an international engagement.

Sowore, who has been representing himself since the withdrawal of his legal team, was scheduled to begin presenting his defence. However, he did not appear in court and instead sent a letter stating that he had travelled to Lagos in search of new legal representation.

Prior to the latest development, Sowore had questioned the neutrality of the trial judge and requested that the case be reassigned to a different court. He argued that certain actions during earlier proceedings raised concerns about fairness and influenced his lawyers’ decision to withdraw from the case.

The DSS maintains that the social media posts breached provisions of the Cybercrimes (Prohibition, Prevention, Etc.) (Amendment) Act, 2024. Prosecutors argue that the statements were capable of inciting public disorder and harming the reputation of the president.

Sowore pleaded not guilty when he was arraigned in December 2025 and has consistently challenged the allegations against him.

Court Rejects Yahaya Bello’s Request To Dismiss ₦110 Billion Fraud Case

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A High Court of the Federal Capital Territory (FCT) in Abuja has dismissed an application filed by former Kogi State Governor, Yahaya Adoza Bello, seeking to strike out the criminal charge brought against him in Charge No. FCT/CR/778/2024: FRN v. Yahaya Adoza Bello & 2 Ors.

Bello, through his lead counsel, J.B. Daudu, SAN, alongside a team of senior advocates, had asked the court to nullify the 16-count charge, arguing that the court lacked territorial jurisdiction to hear the matter.

He also maintained that the case amounted to an abuse of court process because a related case, Charge No. FHC/ABJ/CR/98/2024, is currently pending before the Federal High Court.

In response, counsel to the Economic and Financial Crimes Commission (EFCC), Kemi Pinheiro, SAN, urged the court to dismiss the application, describing it as misconceived and a deliberate attempt to delay the trial.

Pinheiro argued that the offences listed in the charge were based on provisions of the Penal Code and were therefore properly within the jurisdiction of the FCT High Court.

He further submitted that several of the properties allegedly acquired with proceeds from the offences are located in Abuja, thereby giving the court territorial jurisdiction over the case.

Addressing the allegation of abuse of court process, the EFCC lawyer argued that the charges before the two courts involve different offences.

According to him, the matter before the FCT High Court relates to allegations of criminal breach of trust and conspiracy under the Penal Code, while the case before the Federal High Court concerns alleged money laundering offences under the Money Laundering Act.

He also noted that the parties involved in both cases are not the same, explaining that Bello is the sole defendant in the Federal High Court matter, whereas the FCT High Court case includes two additional co-defendants.

Delivering ruling on June 16, 2026, Justice Annenih agreed with the EFCC’s arguments and held that the court has the legal authority to hear the case and that the proceedings do not amount to an abuse of court process.

The court consequently dismissed Bello’s application.

A similar application filed by the third defendant in the case was also dismissed on the grounds that it lacked merit.

Following the ruling, Justice Annenih directed that the trial should proceed, with the prosecution moving ahead to present its 16th witness (PW16), who was already in court and prepared to testify.

The Strait Of Hormuz: A Geological Marvel

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Before the Strait of Hormuz became one of the most important waterways in the world, it was simply a place where people lived and worked along the water.

 On one quiet morning, as the sun begins to rise over the coastline, a fisherman prepares his boat the way he has done for most of his life.

His name is Ahmed.

For him, this is not a strategic shipping route or a place that appears in global headlines. It is the sea he has always known. It is where he earns his living, where he learned from his father, and where he hopes his children will one day learn the same skills.

Every day, before most of the world wakes up, Ahmed pushes his boat away from the shore and heads into the water.

It is a simple routine, repeated over years, almost without change.

But while life here feels steady and familiar to him, the waters he moves across are part of something far larger than daily life on the coast.

As Ahmed travels further out, fishing boats give way to much larger vessels in the distance. 

Tankers begin to appear on the horizon, moving slowly but steadily through the narrow passage of water that connects the Persian Gulf to the open sea.

These ships carry oil and natural gas, resources that power cities and industries thousands of kilometres away. Nearly a quarter of the world’s seaborne oil passes through this very route.

For the world, this is a place of global importance, where even small disruptions can have wide-reaching consequences.

But beneath both of these realities—the quiet life of fishing communities and the constant movement of global trade—there is a deeper story that most people never see.

It is not a story about modern commerce or politics.

It is a story written by the Earth itself, shaped over millions of years by forces still at work today.

And to understand the Strait of Hormuz properly, we have to look far beyond the present moment and begin with the land beneath it.

Today on space.com we deal with The Strait Of Hormuz: A Geological Marvel. I am your host, gimalo-angel olowogoke.

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More Than A Shipping Lane

The Strait of Hormuz sits between Iran to the north and Oman to the south, forming a narrow connection between the Persian Gulf and the Gulf of Oman, which eventually opens into the Arabian Sea.

At first glance, it appears to be just a small stretch of water on the map. But its importance to the world is anything but small.

Every day, large vessels carrying crude oil and liquefied natural gas pass through this passage, linking major energy-producing regions with global markets.

Because the Strait is so narrow, it becomes a critical point in global trade. Any delay or disruption here does not remain local; it spreads quickly, affecting supply chains and economies far beyond the region.

Yet what makes the Strait of Hormuz truly interesting is not only what passes through it today, but why this narrow gap exists in the first place.

To understand that, we need to move away from ships and maps, and go much deeper—beneath the surface of the Earth itself.

There, hidden from view, is a long and powerful story that began millions of years ago, when the land around this region was shaped by slow but constant movement deep within the planet.

That movement is still happening today, and it is the reason the Strait of Hormuz exists at all.

A Very Different Earth

To understand why the Strait of Hormuz exists, we have to go back to a time when this entire region looked completely different.

There were no modern coastlines, no Persian Gulf as we know it today, and certainly no narrow strait connecting two bodies of water.

Instead, this area was once part of a vast ancient ocean that stretched across a much larger region. Scientists often refer to it as the Tethys Ocean.

For millions of years, this ocean covered the space between large landmasses. It was filled with marine life, and its floor slowly collected layers of sediment, one on top of another, over an incredibly long period of time.

At the surface, everything seemed calm and stable. But deep beneath the ocean floor, the Earth was constantly in motion, even though the movement was so slow it would have been impossible to notice in a human lifetime.

Over time, that slow movement began to change everything.

When Landmasses Collide

One of the largest landmasses in the region, what we now know as the Arabian Peninsula, began to drift slowly northward.

It did not happen quickly. In fact, it moved at a pace of just a few centimetres each year, roughly the same speed that human fingernails grow.

But even though the movement was slow, it never stopped. Year after year, century after century, the land kept moving.

Eventually, it began to collide with the larger Eurasian landmass.

When two massive pieces of the Earth’s crust come together like this, something remarkable happens. The land does not simply stop. Instead, it begins to change shape under pressure.

Rock layers fold and bend. Some areas are pushed upward. Others are forced downward. Over long periods of time, this pressure creates mountain ranges and reshapes entire landscapes.

This is the process that slowly closed the ancient ocean that once existed here. As the landmasses continued to push against each other, the ocean gradually disappeared.

What remains today are fragments of that ancient world, preserved in the rocks and landscapes we can still see around the Strait of Hormuz.

A Piece Of The Ocean On Land

One of the most fascinating things about this region is that it holds physical evidence of that ancient ocean, even though the ocean itself no longer exists.

In several places around the Strait of Hormuz, rocks that were once part of the deep ocean floor have been pushed up onto land.

These rocks were not originally formed on mountains. They were formed at the bottom of the sea, under enormous pressure and over millions of years.

Through tectonic movement, they were gradually lifted upward, exposing them to the surface where they can now be studied directly.

For scientists, this is extremely valuable because it allows them to examine parts of the Earth that are usually hidden far beneath the ocean.

It is almost like being able to walk across an ancient ocean floor that has been frozen in time and lifted into view.

A Land Still Changing

Even though the major collision between landmasses began millions of years ago, the process has not completely stopped.

The Earth in this region is still under pressure, and that pressure is released in different ways over time.

One of those ways is through earthquakes, which are relatively common in surrounding areas.

Most of these are small and go unnoticed, but they are a reminder that the ground beneath the Strait of Hormuz is still active and still evolving.

The mountains continue to rise slowly, and the landscape continues to change, even if the changes are not immediately visible to the human eye.

In geological terms, this region is still under construction.

It has not finished its story.

The Strait Of Hormuz Today

Today, the Strait of Hormuz has taken on a completely different role in the modern world.

It has become one of the most important maritime routes on the planet, connecting energy-producing regions with global markets.

Large oil tankers and cargo ships pass through this narrow passage every day, carrying resources that are essential to economies around the world.

Because the Strait is so narrow, it functions as a critical chokepoint. This means that even small disruptions can have large effects far beyond the region itself.

For this reason, the Strait is often in global focus, not only for its geography but also for its economic and strategic importance.

However, beneath this modern role lies a much older story that continues to shape the region in ways that are still visible today.

A Story Written In The Land

 For many people around the world, the Strait of Hormuz is known mainly as a shipping route, a place where global trade passes through a narrow stretch of water.

But when we look deeper, the story becomes much larger than that.

This is a place where ancient oceans once existed and later disappeared. A place where continents slowly collided, shaping mountains and coastlines over millions of years. A place where fragments of the Earth’s deep past are still visible on the surface today.

The Strait of Hormuz is not just a passage for ships. It is also a passage through time, where the history of the Earth is written directly into the landscape.

And even today, that story is still unfolding.

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Gimalo-Angel Olowogoke, signing out.