Home Blog Page 10

Nigeria’s Economy Grows Faster In Q2 2026, Moves Closer To $1 Trillion GDP Goal

0

Nigeria’s economy recorded stronger growth in the second quarter of 2026, with real Gross Domestic Product (GDP) rising by 4.43 per cent year-on-year, compared with 4.23 per cent in Q2 2025 and 3.89 per cent in Q1 2026.

The latest figures indicate that economic growth is gaining momentum, with real GDP growth for the first half of 2026 reaching 4.16 per cent, up from 3.68 per cent during the same period in 2025.

The expansion was also more widespread across the economy. In Q2 2026, a total of 27 economic subsectors recorded real growth of more than 3.0 per cent, compared with 23 subsectors in the corresponding quarter of 2025.

Manufacturing, Agriculture and Services Drive Growth

Nigeria’s key productive sectors recorded notable improvements during the period.

Manufacturing expanded by 3.24 per cent, more than twice the 1.60 per cent growth recorded in Q2 2025, pointing to stronger industrial activity.

Agriculture also performed better, growing by 4.39 per cent compared with 2.82 per cent a year earlier. The improvement reflects stronger production and performance across the agricultural value chain.

Services remained the largest contributor to economic expansion, growing by 4.60 per cent in Q2 2026, compared with 3.94 per cent in Q2 2025.

The relative stability and appreciation of the naira also contributed to the increase in the size of the economy when measured in U.S. dollar terms.

According to the statement, the naira appreciated by more than 12 per cent between the first half of 2025 and the first half of 2026. As a result, Nigeria’s economy expanded by approximately 17 per cent in dollar terms over the same period.

The government said sustained growth, combined with its social programmes, could help strengthen dollar incomes, improve purchasing power and lift millions of Nigerians out of poverty.

With the economy maintaining its growth trajectory, Nigeria is seeking to strengthen its position among Africa’s largest economies and move towards the government’s target of achieving a $1 trillion economy by 2030.

The statement also noted that the International Monetary Fund has ranked Nigeria among the top 10 contributors to global real GDP growth in 2026, projecting that the country will account for about 1.5 per cent of global growth this year.

It added that continued macroeconomic stability, stronger growth across productive sectors and improving investor confidence could accelerate Nigeria’s ambition to become Africa’s largest economy by 2028.

The latest performance highlights the importance of maintaining economic reforms and policy consistency as the government seeks to ensure that stronger headline growth translates into improved living standards.

The government said it remains focused on driving inclusive growth and turning the country’s macroeconomic gains into broader prosperity for Nigerian households.

Court Unfreezes Four Accounts Linked To ₦21bn Glitch, Faults Police Over Non-Disclosure

0

Justice Emeka Nwite of the Federal High Court in Abuja has lifted freezing orders placed on the bank accounts of four defendants allegedly connected to a police investigation into a 2023 ₦21 billion system glitch.

The judge also faulted the police for failing to disclose important information when they obtained the earlier freezing order through an ex parte application.

The case is part of a wider investigation involving banks and financial institutions over billions of naira allegedly withdrawn from a Flutterwave account held at Wema Bank.

According to court documents, the disputed transactions occurred between October 12 and 13, 2023, following a system glitch on the Flutterwave platform.

The four defendants, through their lawyers, asked the court to cancel the restrictions placed on their accounts. They argued that the police had failed to disclose material facts required by law when seeking the freezing order.

They also pointed out that another Federal High Court had previously discharged similar restrictions placed on their accounts.

In his ruling, Justice Nwite held that a court order cannot remain in force where it was obtained on the basis of materially incomplete information.

The judge agreed that the circumstances presented by the defendants justified setting aside the earlier orders because the police had failed to disclose a previous ruling that had already removed the restrictions.

“The Court therefore finds that the failure to disclose the order of 2nd April 2026, which had discharged and lifted the restrictions affecting the Applicants’ accounts, constituted a material non-disclosure in the circumstances of the ex parte application.

“The subsequent procurement of an order imposing substantially similar restrictions without first disclosing and addressing the earlier order cannot be permitted to stand,” Nwite said.

Justice Nwite subsequently ruled that “the ex-parte Order made by the Court on 2nd June 2026, together with all consequential directives issued pursuant thereto, is hereby set aside and vacated.”

As a result, the court ordered the removal of all freezing orders, restrictions, liens, Post-No-Debit instructions and other encumbrances imposed on the accounts and properties of the four defendants under the June 2 order.

The Inspector General of Police had previously said that investigators arrested some suspected Point-of-Sale (PoS) agents allegedly involved in fraudulent transactions linked to the incident.

The police subsequently commenced investigations and legal proceedings against those suspected of involvement.

In a counter-affidavit filed before Justice Nwite, the police maintained that the four defendants “are among those whose accounts receive volumes of money from the incident that happened on the Flutterwave platform.”

However, lawyers representing the defendants argued that an earlier order issued by Justice Liman had already unfrozen their accounts and remained “valid” because it had not been appealed.

The lawyers accused the police of abusing the judicial process and engaging in forum shopping by seeking another order imposing similar restrictions without first disclosing the earlier decision.

The latest ruling therefore removes the restrictions on the four accounts while the broader legal dispute surrounding the alleged ₦21 billion system glitch and the transactions linked to it continues.

Keir Starmer To Leave Parliament Months After Resigning As UK Prime Minister

0

Britain’s former Prime Minister Keir Starmer has announced that he will step down as a Member of Parliament, just months after resigning as UK Prime Minister following a turbulent period in office.

Starmer, who represented the London constituency of Holborn and St Pancras for 11 years, said he would leave Parliament to concentrate on “international affairs”, including defence, security, trade and technology.

In a statement shared on social media, he said it was the “right time” to bring his parliamentary career to an end, triggering a by-election in the constituency.

“It is now time to step aside and focus on other issues: international affairs, including defence, security, trade and technology in a fast-changing world,” Starmer said in his statement.

The Camden New Journal reported that Starmer had informed the Labour Party of his decision to leave Parliament after 11 years. He spent six of those years as the party’s leader.

Starmer became Prime Minister after Labour secured a landslide victory in the 2024 general election, ending years of Conservative Party rule.

A former human rights lawyer, he was credited with rebuilding Labour’s electoral appeal and moving the party towards the political centre.

However, his time as Prime Minister was marked by declining popularity, internal pressure and a series of political difficulties. After about two years in office, mounting pressure from Labour MPs eventually led to his resignation this summer.

Andy Burnham was subsequently brought into the Prime Minister’s role in July, replacing Starmer.

Starmer’s decision to leave Parliament now marks another major step away from frontline British politics as he turns his attention to international issues, particularly defence, security, trade and technology.

His departure from Holborn and St Pancras will also trigger a by-election to determine his successor as the constituency’s MP.

Four Family Members Killed In Kwara Building Collapse

0

Four members of the same family have died after a three-storey building collapsed in Popo Giwa, Ilorin, Kwara State, on Tuesday morning.

The incident occurred at about 5am at No. 41 Popo Giwa Street, beside Gogoro Mosque. Eight members of the family were initially trapped beneath the rubble.

An eyewitness, Abdulganiy Musa, told Channels Television during the rescue operation that the father of the family is a serving soldier, while the mother works as a casual staff member at the Michael Imoudu National Institute for Labour Studies in Ilorin.

Emergency responders immediately began efforts to reach those trapped inside the collapsed structure. One of the victims, a child identified as Firdaus, who was the second-to-last born of the family, was rescued alive.

An excavator was later brought to the scene to help remove the heavy debris and give rescuers better access to the remaining victims.

Several emergency and security agencies participated in the operation, while ambulances were deployed to transport survivors to the hospital for treatment.

The Kwara State Fire Service confirmed that the collapse resulted in fatalities and injuries.

Its Public Relations Officer, Hassan Adekunle, said the agency received a distress call around 5am reporting that a building had collapsed with people trapped underneath.

“We immediately mobilised to the scene and commenced the rescue operation. This kind of situation is not something the fire service can handle alone,” Adekunle said, adding that officials of the Hospitals Management Board, the Nigeria Security and Civil Defence Corps, and other emergency agencies joined the rescue operation.

He explained that officials were also working to establish what caused the collapse and assess the condition of the remaining structure.

“We are only here to ascertain the actual cause of this collapse and rescue the trapped victims. As of when due, we will communicate to the media about our findings,” he said.

Adekunle added that if the assessment showed that the structure needed to be demolished, the appropriate authorities would take action. Occupants would also be advised accordingly if the remaining sections were found to be safe.

The Kwara State Emergency Management Agency (SEMA) confirmed that eight people were trapped when the building collapsed.

According to the agency, those rescued and the bodies recovered from the rubble were taken to the hospital.

“The rescued persons are receiving treatment presently,” the Kwara SEMA Secretary, Magaji Saadudeen, said.

The Kwara State Commissioner of Police, Ojo Adekimi, provided further clarification on the structure, saying it was a specific section of the building that collapsed.

“Our findings showed that it was the boys’ quarters of the building that collapsed,” Adekimi said. “For now, the situation is under control. We will examine the remaining building and see how people can be secured. But for now, we have evacuated everybody from the main building.”

The Kwara State Commissioner for Education and Human Capital Development, Lawal Olohungbebe, described the incident as unfortunate and expressed condolences to the victims’ families.

“The rescue mission began immediately after the collapse, and to the Grace of God, some were rescued, but unfortunately, we have to take it as this,” the commissioner, who represented Governor AbdulRahman AbdulRazaq at the scene, said.

Olohungbebe highlighted the importance of accessible roads in residential areas, noting that the access route to the building helped emergency responders reach the scene quickly.

“One of the things that made it very easy for us to rescue the few people we were able to rescue is the access route,” he said, urging residents and developers to comply with building and town-planning regulations.

He also commended the various agencies involved in the rescue operation, including the Ministries of Health and Environment, the Council for the Regulation of Engineering in Nigeria, the National Emergency Management Agency, the Fire Service, Civil Defence and the Red Cross.

The Chairman of Ilorin West Local Government Area, AbdulRahman Ladan, who monitored the operation, similarly praised residents and emergency responders for their swift intervention. He said between six and seven ambulances were deployed to evacuate victims.

Ladan and security officials urged residents and developers to take structural warning signs seriously and avoid cutting corners during construction.

“Whenever you discover something like this, please escalate it. Get to the point of evacuating yourself and your family members from that building. Life is the priority,” Ladan said.

He also advised developers to use quality building materials and engage qualified professionals to supervise construction in order to reduce the risk of structural failures.

2027: Atiku’s Suit Seeking Tinubu’s Disqualification Over NYSC Certificate Stalled

0

A Federal High Court in Abuja has adjourned a suit filed by former Vice-President and African Democratic Congress (ADC) presidential candidate Atiku Abubakar, challenging President Bola Tinubu’s eligibility to contest the 2027 presidential election.

Atiku is asking the court to disqualify Tinubu over an alleged discrepancy in the name appearing on the NYSC discharge certificate submitted to the Independent National Electoral Commission (INEC).

The case was stalled after Atiku’s counsel, Joseph Onu, told the court that he had been unable to personally serve the President with the originating summons.

During the proceedings, counsel representing Tinubu attempted to receive the court documents, but Onu rejected the move, insisting that the President must be served personally or through substituted service.

Atiku filed the suit on Friday, arguing that the NYSC certificate submitted by Tinubu to INEC contains a name that differs from the President’s official name.

According to the plaintiffs, the certificate bears the name “Tinubu Bola Adekunle”, while the President is officially known as “Bola Ahmed Tinubu”.

They want the Federal High Court to determine whether the alleged discrepancy affects Tinubu’s constitutional qualification to contest the 2027 presidential election.

The suit is part of Atiku’s broader challenge to Tinubu’s eligibility as the 2027 election approaches.

After hearing from the parties, Justice Inyang Ekwo adjourned the matter until September 28 for further mention.

The legal battle comes as both Atiku and Tinubu prepare for another potential presidential contest, having faced each other in the 2023 election, which Tinubu won.

Tinubu is seeking another term under the platform of the All Progressives Congress (APC), while Atiku is expected to contest under the ADC.

Kano Records 32,633 Confirmed Diphtheria Cases, 1,744 Deaths — KNCDC

0

Kano State has recorded more than 32,000 confirmed cases of diphtheria since the outbreak began, with the disease affecting all 44 local government areas of the state.

The Director-General of the Kano State Centre for Disease Control (KNCDC), Muhammad Abbas, disclosed the figures while appearing on Channels Television’s breakfast programme, The Morning Brief, on Tuesday.

According to Abbas, the state has so far recorded 39,536 suspected cases, of which 32,633 have been confirmed.

“we have a total of 39,536 suspected cases, out of which we have confirmed cases of 32,633,” he said, adding that “it is affecting the 44 local government areas of the state.”

The KNCDC boss also revealed that the outbreak has claimed 1,744 lives, while a significant proportion of confirmed cases have required hospital care.

He said “the fatalities we have are 1,744,” while “14.5% of them” among the confirmed cases have been hospitalised.

Abbas identified mass vaccination as a key step towards containing the outbreak and protecting vulnerable communities.

He said “what Kano needs to do is mass vaccination,” while also urging residents to work with health authorities to strengthen disease surveillance and ensure suspected cases are reported early.

He explained that health officials have expanded their surveillance activities into rural communities, including conducting active searches for cases among people who had died.

“When we went deep into the villages and did what we call active case searches among the dead, another child met the definition of diphtheria,” he said.

The development highlights the importance of early detection and prompt reporting as Kano continues efforts to control the spread of diphtheria across the state.

Peter Obi Criticises Tinubu’s Europe Vacation, Calls For Greater Focus On Nigeria

0

The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has criticised President Bola Tinubu’s decision to spend three weeks on vacation in Europe, arguing that the country’s current challenges require greater attention from its leadership.

The Presidency had earlier explained that Tinubu’s trip was “part of his annual leave. His first stop will be London, United Kingdom. President Tinubu is expected to return home after the working vacation to join the hectic campaign for the January 2027 election.”

Obi, however, questioned the timing of the vacation, citing the rising cost of living, insecurity and disruptions to education caused by violence in parts of the country.

“Nigeria is in deep crisis. Nigerians can barely afford food and transportation. Insecurity is ravaging communities, and thousands of children are unable to access education because of insecurity,” he said in a statement posted on his X handle on Monday.

He also criticised what he described as the use of public funds for presidential travel while important sectors continue to face funding challenges.

“This is the calamity befalling our country today. A government that can spend tens of billions on presidential travel while critical sectors remain starved of funds, and Nigerians are asked to endure worsening hardship, must not be allowed to continue.

“Leadership is about priorities. When citizens cannot feed their families, move safely, access healthcare, send their children to school, or sleep peacefully in their homes, the President should be more concerned about fixing the country than repeatedly leaving it.”

The former Anambra State governor also questioned why the President did not choose a Nigerian destination for his vacation.

He said he looks “forward to a Nigeria where our President can vacation in Kano, Katsina, Sokoto, Cross River State, Bauchi, Ebonyi, and many other destinations across our country.”

According to Obi, the President should play a leading role in promoting Nigeria as a tourism destination, just as leaders do in other countries.

“The President of Nigeria should be the chief marketer of Nigeria as a tourism destination, as other comparable countries do.”

He argued that increased domestic travel by political leaders, celebrities, businesses and ordinary citizens could generate significant economic benefits.

“Tourism creates jobs,” he said. “It supports hospitality, transportation, agriculture, entertainment, crafts, and small businesses. It brings investment and foreign exchange and allows communities to benefit directly from their natural and cultural assets. We cannot continue to export our wealth and import our pleasures while our own enormous potential remains neglected.”

Obi concluded that Nigeria needs a “leadership that puts Nigeria first; leadership that cares and plans for a better Nigeria.”

Russian Strikes On Kyiv Kill 12, Including Railway Workers And Two Children

0

At least 12 people have been killed and 20 others injured, including two children, after overnight Russian missile and drone strikes hit Kyiv and surrounding areas, Ukrainian officials say.

The attacks sparked fires across three districts of the Ukrainian capital, while a railway depot operated by state-owned Ukrzaliznytsia was also hit. Six of those killed were railway workers.

Russia said its “massive strike using high-precision weapons” targeted Ukrainian military and energy infrastructure. Moscow also reported that one person was killed in Ukrainian strikes in Russia’s western Belgorod region.

The latest attacks came a day after Indian Prime Minister Narendra Modi urged Russian President Vladimir Putin to bring the war to an end.

“Every day that the war continues, humanity is, in effect, set back a step, whilst every step towards peace gives all of humanity real hope for peace,” Modi was quoted as saying at a security summit in Kyrgyzstan.

Modi, whose country relies heavily on discounted Russian oil, has made several similar appeals to Putin since Russia launched its full-scale invasion of Ukraine in February 2022.

In Kyiv, eight people were killed overnight, with fires reported in three districts. Another four people died in the nearby town of Boryspil after a residential building was struck.

Ukrainian President Volodymyr Zelensky said nearly 350 rescue workers spent the night responding to the attacks across Kyiv and the surrounding region.

In a social media post, Zelensky said Russia had launched a “significant number of jet drones and ballistic missiles”during the assault.

The strikes mark the sixth consecutive day of Russian drone and missile attacks on Kyiv, with Ukrainian authorities warning that the sustained bombardment appears aimed at stretching the country’s air defences and weakening civilian morale.

Russia’s military had warned over the weekend that it was preparing “massive” attacks against Ukrainian energy facilities.

Zelensky said eight other Ukrainian regions were also targeted and confirmed that an Indian national was among those killed.

Ukraine’s Interior Minister Ivan Vyhivsky later identified the victim as a 26-year-old Indian man who was killed in Boryspil.

The latest strikes followed another deadly Russian attack on Friday, when 38 people were killed after a weapons depot in the Kyiv region was hit. The resulting explosions caused shells, mines and drones stored at the facility to detonate.

Meanwhile, Ukraine carried out another drone attack against Russia, hitting the major Baltic Sea port of Ust-Luga and triggering a fire, according to Leningrad regional Governor Aleksandr Drozdenko.

Ust-Luga handles millions of tonnes of petroleum products each year. Ukrainian authorities have previously argued that facilities such as the port are legitimate military targets because they generate revenue that helps fund Russia’s war effort.

The continuing exchanges highlight the renewed escalation in the conflict, even as diplomatic calls for an end to the war persist.

US Army Secretary Dan Driscoll Resigns After Months Of Tension At Pentagon

0

US Army Secretary Dan Driscoll has resigned after serving in the role for about 18 months, amid reported tensions with US Defence Secretary Pete Hegseth.

Driscoll’s departure was confirmed by CBS, the BBC’s US media partner, which reported that his resignation followed months of friction between the two senior officials. The BBC said it has contacted the White House, Pentagon and Army for comment.

At 41, Driscoll was the youngest person to serve as Army secretary and became known as President Donald Trump’s “drone guy” because of his strong support for emerging technologies on the battlefield.

The White House praised his performance, describing Driscoll as “highly effective” in advancing Trump’s agenda “to Make America Strong Again” and for providing “outstanding leadership” during military operations.

Driscoll’s resignation comes amid a wider series of high-profile departures within the US military leadership.

Navy Secretary John Phelan abruptly resigned in April, while other senior figures who have recently left their positions include Army Chief of Staff Randy George, Army Gen David Hodne and Maj Gen William Green.

Since taking charge at the Pentagon, Hegseth has removed more than a dozen senior military officers, including the chief of naval operations and the Air Force’s vice-chief of staff.

The exact details of the reported disagreement between Driscoll and Hegseth remain unclear. However, CBS reported that Driscoll was a close friend of Randy George, who was reportedly asked by Hegseth to resign.

The Army secretary serves as the highest-ranking civilian official in the US Army and oversees active-duty forces, as well as National Guard and reserve personnel.

Before becoming Army secretary, Driscoll served in the US Army as an officer beginning in 2007. He later commanded a cavalry platoon and was deployed to Iraq for several months in 2009.

His interest in military technology earned him the nickname Trump’s “drone guy”, reflecting his efforts to promote the use of emerging battlefield technologies.

Driscoll also became involved in diplomatic efforts surrounding the Russia-Ukraine war last year. He travelled internationally and held discussions with Ukrainian President Volodymyr Zelensky as part of efforts to explore an end to the conflict.Driscoll’s Role In Trump Administration

Beyond his Army responsibilities, Driscoll was regarded as a close ally and friend of Vice-President JD Vance, whom he met while both were at Yale Law School.

During his tenure, he also played a prominent role in the Trump administration’s decision to deploy National Guard troops to several US cities.

Driscoll additionally served as acting director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, adding another significant responsibility to his time in government.

His resignation now adds to the growing list of senior military and defence officials who have departed since the Trump administration took office, further drawing attention to changes in leadership across the Pentagon.

Tinubu Commends Rescue Of 21 Abducted Corps Members And Others, Vows Perpetrators Will Face Justice

0

President Bola Tinubu has welcomed the successful rescue of 21 people, including 15 National Youth Service Corps (NYSC) members, who were abducted by gunmen in Ofu Local Government Area of Kogi State.

The victims were rescued on Monday following a coordinated Search and Rescue (SAR) operation involving personnel from the military, Nigeria Police Force, Department of State Services (DSS) and local vigilantes.

According to the President, the rescued group comprised eight males and 13 females. They were located and freed from the kidnappers’ hideout in the forests of Ofu.

Tinubu said the rescued victims were receiving medical attention before being reunited with their families.

“While the abductees have been safely rescued, our gallant security forces are still on the trail of the routed kidnappers, in line with my directive to sustain the pressure on all criminal elements,” Tinubu said in a post on his official X handle on Monday.

He also warned that those behind the abduction would be held accountable.

“Those responsible will face the full weight of the law, and our security agencies will pursue everyone who aided this crime. My administration remains committed to ensuring that every Nigerian can travel across our country without fear.”

The President praised the security personnel involved in the operation for their courage and dedication. He also expressed appreciation to the families and loved ones of the abductees for their patience and understanding throughout the ordeal.

Tinubu further assured the families of the rescued corps members that his administration would continue working to protect their lives and property, as well as the safety of Nigerians across the country.

The victims were reportedly kidnapped at about 4:40 p.m. on August 26 around Ogene Zaria, near the Ogene Zaria–Onicha-Igo Junction in Ofu Local Government Area.

Police authorities said armed men emerged from the surrounding bush and blocked two buses travelling in opposite directions.

The attackers reportedly abducted some passengers, while others managed to escape into the surrounding bush.

The latest rescue operation brings relief to the families of the victims, while security agencies continue efforts to track down the suspected kidnappers and bring those responsible to justice.