Business
JUST IN: CBN hits Niger Republic junta with sanctions

President Bola Ahmed Tinubu has directed the Central Bank of Nigeria (CBN) to implement a set of new financial sanctions against the Niger Republic’s junta as well as their associates.
Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, said this during a briefing at the Presidential Villa in Abuja.
He said: “Following the expiration of the deadline of the ultimatum and standing on the pre-existing consensus position of financial sanctions meted out on the military junta in Niger Republic by the bloc of ECOWAS Heads of State, President Bola Ahmed Tinubu has ordered an additional slew of financial sanctions, through the CBN, on entities and individuals related to or involved with the military junta in Niger Republic.”
The President’s spokesman maintained that they are being instituted under the authority of the ECOWAS.
Nigeria has already cut off electricity transmission to its northern neighbours to pressurise the military to reinstate ousted President Mohamed Bazoum.
Ngelale added: “Concerning the ultimatum given to the military Junta in the Niger Republic, it is not a Nigerian mandate.
“The Office of President Tinubu, who is the chairman of ECOWAS, seeks to emphasise this point due to certain domestic and international media coverage tending toward personalisation of the ECOWAS sub-regional position to his person and to our nation individually.
“It is because of this that Mr. President has deemed it necessary to state unequivocally that the mandate and ultimatum were issued by ECOWAS.
“President Tinubu wishes to emphasise that the response of ECOWAS to the military coup in Niger has been and will remain devoid of ethnic and religious sentiments and considerations.
“The regional bloc is made up of all sub-regional ethnic groups, religious groups, and all other forms of human diversity.
“The response of ECOWAS, therefore, represents all of these groups, and not any of these groups individually.”
Ngelale stressed that tomorrow’s extraordinary summit of ECOWAS will come up with far-reaching decisions on the developments in the Niger Republic.
Junta rejects visit by ECOWAS, UN, AU, U.S. delegations
The Niger coup leaders vowed to resist external pressure to reinstate ousted President Mohamed Bazoum after ECOWAS imposed sanctions and Western allies suspended aid.
The junta informed ECOWAS that it cannot host a delegation from the West African regional bloc.
“The current context of anger and revolt among the population following the sanctions imposed by ECOWAS makes it impossible to welcome this delegation in the required serenity and security,” Niger’s Foreign Affairs Ministry wrote in a letter addressed to the ECOWAS representation in Niamey.
On Monday, acting U.S. Deputy Secretary of State Victoria Nuland met with the coup leaders and said they refused to allow her to meet with ousted President Bazoum, whom she described as under “virtual house arrest.”
She described the mutinous officers as unreceptive to her appeals to start negotiations and restore constitutional rule.
Police at alert to avert internal security crisis, says IGP
The Acting Inspector-General of Police (IGP) Olukayode Egbetokun yesterday directed Assistants Inspector General (AIGs) of Police and Commissioners of Police (CPs) in charge of the border to be alert to avert internal security crisis following the Niger coup saga.
Egbetokun disclosed this during a meeting with top police officers in Abuja.
He said the deployment of police officers would be done if need be alongside other security operatives.
The police boss said: “I have directed that CP of commands and AIGs, who are in charge of those border states with neighbouring countries, are to work in collaboration with our sister agencies, especially Customs to ensure that there are no internal security issues with respect to what is happening with our neighbours.”
ACF asks FG to lift economic sanctions against Niger
The mouthpiece of Northern Nigeria, the Arewa Consultative Forum (ACF), called on President Tinubu and ECOWAS to lift sanctions against the Niger Republic and adopt more dialogue with the military junta to prevent a further breakdown of talks.
ACF, in a statement by its National Publicity Secretary, Prof. Tukur Muhammad-Baba, said though the group condemns the coup and demands that the personal safety of President Bazoum and members of his government be guaranteed by the coup leaders, it feels dialogue, not military action is the way out.
This, he said, is to avoid a catastrophic occurrence of events between the two nations and the West African sub-region.
Coup plotters name economist as new prime minister
Nearly two weeks after the military took over power in the country, the coup plotters have named former economy minister Ali Mahaman Lamine Zeine as the country’s new prime minister.
A spokesman for the military junta made the announcement on television late on Monday night.
Lamine Zeine was formerly the minister of economy and finance for several years in the cabinet of then-president Mamadou Tandja, who was ousted in 2010, and most recently worked as an economist for the African Development Bank in Chad, according to a Nigerien media report.
Business
Dangote Cement Creates 50 Agric Entrepreneurs
The beneficiaries were selected from the company’s host communities of Gboko Local Government Area of Benue State.

Determined to support the government in its food security efforts, Dangote Cement Plc has launched a Farmers Empowerment Programme in Benue State.
The initiative is aimed at enabling 50 farmers to produce subsistence and cash crops in commercial quantities from Benue State, considered to be the food basket of the nation.
The programme is coming barely two months after the company empowered businesswomen in Gboko host communities of the State with cash grants, thus deepening business activities in the State.
Earlier, the company had increased bursary payments to students of host communities by more than 100 percent.
Speaking Thursday at the launch of the Farmers Empowerment Programme, General Manager Social Performance, Johnson Kor, described the programme as ‘historic and innovative.’
He said that the beneficiaries were selected from the company’s host communities of Gboko Local Government Area of Benue State.
According to him, the beneficiaries were carefully selected from the six catchment areas of the Local Government.

Mr. Kor said the projects have been earmarked for the communities as captured in the extant Community Development Agreement (CDA), adding that the contents of the CDA are progressively being executed. “Today we are witnessing an historic occasion in our journey of mutual development.
Farmers Empowerment Programme is the first programme to be launched since we signed the CDA with the immediate host communities in December 2024,” he said.
In his speech, Plant Director, Dangote Cement, Gboko Plant, Munusamy Murugan, said the company will also support farmers with fertilizers, Agro chemicals, Knapsack Sprayers and various types of seedlings. Mr. Murugan who was represented by Head of Production Department, Engr Soom Kiishi said: “This is the first batch but certainly just the beginning, and certainly not the end.
We plan it to be an annual event, but the choice of the Farmers programme may change, depending on the choice of the benefiting communities.”
He said that other economic empowerment programmes are lined up in the coming weeks.
“The Youth Empowerment Programme will soon be launched, and selected beneficiaries will receive training in Welding & Fabrication, and Solar Electrical Installation from Professional personnels,” he added.
He said the company’s scholarship scheme cuts across students from various disciplines and tertiary institutions.
In his address to the communities, a Consultant from Abbass Corporate Services, Dr. Ahemen Aondoaver Samuel, advised the beneficiaries to make use of what he described as a rare opportunity from the Dangote Cement Plc.
The Consultant said that the company’s effort will help transform beneficiaries into entrepreneurs in the agricultural sector and enable them to support the government’s food security effort.
A member of the community, Kwaghgba Isaac, described the Farmers Empowerment Programme as a historic and huge intervention from the company, noting that the effort will not only boost subsistence farming, but help feed the nation.
He urged members of the communities to sustain the peaceful coexistence currently being enjoyed with the company.
Business
Nigeria’s economy grows 3.7% in H1- Stanbic IBTC report
Muyiwa Oni, Head of Equity Research, West Africa at Stanbic IBTC Bank, said that the estimated 3.7 percent year-on-year GDP growth aligns with expectations for annual growth of 3.5 percent.

• President Bola Tinubu
The Nigerian economy grew by 3.7 percent in the first half of 2025, driven by improved business conditions and increased oil production.
This was revealed in the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) report compiled by S&P Global and released on Tuesday.
Earlier, the World Bank estimated that Nigeria’s economy would grow by 3.6 percent in 2025, higher than the 3.4 percent recorded in 2024, despite shifts in global trade dynamics.
This projection is lower than the Central Bank of Nigeria’s estimate of 4.17 percent and the ambitious 5.5 percent GDP growth forecasted by the Nigerian Economic Summit Group in January.
Muyiwa Oni, Head of Equity Research, West Africa at Stanbic IBTC Bank, said that the estimated 3.7 percent year-on-year GDP growth aligns with expectations for annual growth of 3.5 percent.
He said, “Insights from the monthly PMIs and crude oil production data from the Nigerian Upstream Petroleum Regulatory Commission suggest an economy that grew by an estimated 3.7 per cent y/y in H1 2025, supported by higher crude oil production and improved growth in manufacturing and services, while agriculture continues to lag its long-term average growth rate of 3.6 per cent.”
Business
Lagos Declares Manufacturing, Selling, Distributing single-use Plastics a Crime
Wahab called on the public, particularly business owners, food vendors, and market traders, to cooperate with the government to ensure a cleaner, safer, and more sustainable Lagos.

• Tokunbo Wahab
The Lagos State Government has announced the commencement of full enforcement of the ban on the use and distribution of Single-Use Plastics (SUPs) across the state, effective July 1, 2025.
Mr. Tokunbo Wahab, the Commissioner for the Environment and Water Resources, made the announcement on Tuesday during a media briefing held at Alausa, Ikeja.
He emphasized that offenders will be prosecuted in line with the State’s Environmental Laws.
Wahab stated that the decision to enforce the ban follows an 18-month transition period granted to residents, manufacturers, and vendors to adjust and adopt more sustainable alternatives.
“The decision to ban Single-Use Plastics in Lagos was not arbitrary. It was an existential one, influenced by multiple factors,” he said.
Wahab explained that Lagos, a coastal city situated below sea level with the smallest land mass in the country—just 3,575 square kilometers—houses about 10 percent of Nigeria’s population.
“That alone is a recipe for environmental crisis. We did not just wake up whimsically and choose to ban styrofoam food packs in 2024.
We had always stated that within the next 12 months, all single-use plastics would follow.
Now, nearly 18 months later, we believe ample time has been given for all to transition. Enforcement starts July 1, and heavens will not fall.
Banned Items and Reasons
Styrofoam Packs: Banned due to their non-biodegradable nature and harmful environmental impact.
Plastic Straws: Prohibited to reduce plastic waste and promote eco-friendly alternatives.
Disposable Plastic Cups and Cutleries: Banned to curb single-use plastic pollution.
Lightweight Nylon Bags: Outlawed because they are not reusable or biodegradable, contributing significantly to environmental degradation.
Wahab called on the public, particularly business owners, food vendors, and market traders, to cooperate with the government to ensure a cleaner, safer, and more sustainable Lagos.
-
Business2 days ago
Lagos Declares Manufacturing, Selling, Distributing single-use Plastics a Crime
-
News2 days ago
UniPort’s Prof Charles Nnolim is dead
-
Politics1 day ago
Rauf Aregbesola emerges ADC interim National Secretary
-
News1 day ago
NYCN Rivers Plans Peace and Reconciliation Summit, Extolls Wike and Fubara
-
News2 days ago
GARBA SHEHU: BUHARI IS BROKE
-
Health1 day ago
ESUT inducts 70 graduates into nursing profession
-
News3 days ago
Why Dantata will be buried in Saudi Arabia tomorrow
-
Politics1 day ago
BREAKING: Former Senate President David Mark resigns from PDP