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Economic wars: U.S. envoy meets Tinubu in Paris

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The United States has opened discussions with President Bola Tinubu on expanding economic cooperation across Africa as part of efforts to deepen trade, investment, and development ties on the continent.

This was disclosed following a meeting on Thursday between President Tinubu and U.S. State Department Senior Advisor for Africa, Massad Boulos, in Paris, where the Nigerian leader is currently on a short working visit.

According to a statement posted Friday on the official X (formerly Twitter) handle of the U.S. Mission in Nigeria, and shared by President Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, the talks also touched on key security concerns in the region.

“State Department Senior Advisor for Africa Massad Boulos met with President Tinubu on Thursday to discuss regional security, including working together with partners to build a durable peace in eastern DRC,” the U.S. Mission stated.

“They also discussed expanding opportunities for economic cooperation throughout Africa,” it added.

The meeting comes at a time when Nigeria is working to reposition itself as a hub for investment and economic growth on the continent.

President Tinubu has consistently called for stronger global partnerships to drive industrialization, job creation, and infrastructure development in Africa.

Though specific details of the economic discussions were not disclosed, analysts say the meeting reflects growing American interest in engaging with African leaders on development-focused diplomacy, with Nigeria seen as a critical anchor in West Africa.

President Tinubu has been in Paris since Wednesday, April 2, undertaking a short working visit aimed at reviewing his administration’s midterm performance and setting strategic priorities for the next phase of his tenure.

While abroad, the President has remained actively engaged in state matters, and Thursday’s high-level engagement with the U.S. State Department underscores Nigeria’s central role in regional affairs and global economic conversations.

Tinubu is expected to return to the country shortly, with public attention focused on the outcome of his consultations and the anticipated direction of new policies in the coming months.

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UN Rights Chief Calls for Independent Probes into Deadly Airstrikes in Nigeria and Chad

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The United Nations High Commissioner for Human Rights, Volker Türk, has urged Nigerian and Chadian authorities to launch prompt, thorough, independent, and impartial investigations into two recent airstrikes that killed dozens of civilians.

In a statement issued Wednesday, Türk expressed concern over reports that Nigerian airstrikes on a market killed at least 100 civilians, while separate Chadian airstrikes in the Lake Chad region left dozens of Nigerian fishermen dead or missing.

“It is crucial that both Nigerian and Chadian authorities conduct prompt, thorough, independent and impartial investigations into these disturbing incidents and ensure that those responsible for any violations are held to account, in accordance with international standards,” Türk said.

The incidents highlight the ongoing risks to civilians in the Lake Chad Basin amid intensified military operations against Islamist militants, including factions linked to Boko Haram and ISWAP.

In one case, Nigerian military jets reportedly struck a market in Jilli village, Yobe State, an area allegedly used by insurgents. Local reports and rights groups indicated heavy civilian casualties, prompting Nigeria to order its own investigation while defending the operation as targeting militant strongholds.

Separately, Chadian forces carried out retaliatory airstrikes on Boko Haram positions in the Lake Chad region. Fishermen’s leaders reported that more than 40 Nigerian fishermen were feared dead — some killed directly in the strikes and others drowning while fleeing in overloaded boats. No official casualty figures have been confirmed by authorities in either country.

The UN rights chief’s call underscores growing international pressure for accountability in counter-terrorism operations that have increasingly impacted civilian populations in the volatile region.

Both Nigeria and Chad face persistent security challenges from militant groups operating across borders, with operations often conducted in remote areas where distinguishing between combatants and civilians remains difficult.

Further details on the investigations and any accountability measures are expected in the coming weeks.

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Americans lament soaring inflation driven by U.S.-Israeli war with Iran

“Prices are going up everywhere you look and families everywhere are struggling to keep up,” said Janelle Jones, a visiting senior fellow at the Century Foundation.

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May 12 (Reuters) – U.S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years, heightening political risks for President Donald Trump and his Republican party ahead of November’s midterm elections.

The back-to-back rises in the Consumer Price Index reported by the Labor Department on Tuesday, reflected strong gains in the costs of energy products amid the U.S.-Israeli war with Iran. ‌

Food prices surged last month and inflation also spilled over to the services sector, with higher rental costs and airfares.

Trump won re-election in 2024 in large part because of his promise to reduce inflation, but Americans have soured on his handling of the economy and many blame him for the pain at the pump.

Rising inflation outpaced wage gains for the first time in three years, and underscored the financial strain on households.

With no end in sight to the conflict, economists warned prices would continue to push higher and broaden in the months ahead.

Trump on Monday proposed reducing the 18.4-cent federal gasoline tax to lower prices at the pump.

“Prices are going up everywhere you look and families everywhere are struggling to keep up,” said Janelle Jones, a visiting senior fellow at the Century Foundation.

“Measures like suspending the gas tax will provide short-term relief, but it’s robbing Peter to pay Paul. What families really need is an ⁠end to this war and leaders that are committed to ending the affordability crisis.”

The CPI increased 0.6% last month after surging 0.9% in March, the Labor Department’s Bureau of Labor Statistics said.

Economists polled by Reuters had forecast the CPI rising 0.6%. Estimates ranged from a 0.4% gain to a 0.9% increase.

The moderation after posting the largest increase since June 2022 was mechanical. Oil prices shot above $100 a barrel in March following strikes against Iran, before pulling back to still-high levels after a ceasefire in early April.

While the conflict’s impact was immediately reflected in more expensive gasoline, diesel and jet fuel, economists said the second-round effects were around the corner, including for goods trucked by road. Shipping disruptions in the Strait of Hormuz are straining supply chains.

A 3.8% increase in energy prices accounted for more than 40% of the rise in the CPI last month.

That followed a 10.9% jump in March. Gasoline prices rose 5.4% after a record 21.2% surge in March. Other motor fuels, which include diesel, increased 17.0%.

Consumers also paid higher prices for electricity amid strong demand from data centers to power artificial intelligence.

Food prices accelerated 0.5% after being unchanged in March.

Grocery store inflation shot up 0.7%, the largest increase since August 2022.

Beef prices increased 2.7%, the most since November 2024. Coffee prices rose 2.0%.

Fruits and vegetable prices climbed 1.8% while nonalcoholic beverages cost 1.1% more. There were also strong increases in the prices of dairy and eggs.

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International

Uganda’s President Museveni sworn in for seventh term

Museveni, born 1944 in Mbarra district area of Uganda has served as president since 1986.

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Yoweri Museveni has been sworn in for his seventh term as President of Uganda on May 12, 2026, at the Kololo Independence Grounds in Kampala, following his victory in the January 2026 elections.

Museveni won with 71.65 percent of the vote, defeating his main challenger, 43-year-old Bobi Wine, who received 24.72 percent of the vote, according to the official results.

The 81-year-old leader took his oath for another five-year term, continuing his tenure as one of Africa’s longest-serving leaders.

Museveni, born 1944 in Mbarra district area of Uganda has served as president since 1986.

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