International
PARIS SUMMIT: Africa Remains Centrepiece of Nigeria’s Economic, Foreign Policy – President Tinubu
Nigerian President, Bola Ahmed Tinubu has on Friday in Paris-France said Nigeria will sustain its spotlight on African countries as the fulcrum of its policies on economy and foreign policy, assuring that trade issues, security and border controls will be mutually implemented.
While receiving the President of Benin Republic, Patrice Talon, after the Summit on New Global Financing Pact, President Tinubu noted that bilateral relations with African countries, particularly at the sub-regional level will be enhanced for shared benefits in areas of security, health, energy, education and diplomacy.
Tinubu said: “We are ready to improve relations. Africa has been the centrepiece of Nigeria’s foreign policy,” he said.
“I believe in Africa. We have the necessity to grow the continent. The world’s economy is wobbling, and Africa has been left behind. On risk factors, Africa is always placed high, with higher interest rates on borrowing. We are always classified as high risk. We must work together for systematic recovery and growth,” he added.



President Tinubu described Nigeria’s relations with Benin as that of siamese twins, joined at the hips, and supported by other friendly countries.
“We must recognise the fact that we need each other. We are in a loop and no one should separate us, ” he stated, assuring that his administration will always be open and accessible to all neighbouring countries.
“I just appointed someone who will work with you as Comptroller General of Customs, Adewale Bashir Adeniyi, and he will be available for our common interest,” the President noted.



The President of Benin said he was inspired with renewed hope for the sub-region and Africa at the inauguration of President Tinubu in Abuja, pledging to provide support on trade and security policy, especially at the borders.
“We are prepared to work with you, Your Excellency, in implementing policies that will protect our economies at land and sea entries. Whatever is forbidden in Nigeria will also be forbidden in Benin,” Talon added.
President Tinubu also had bilateral meetings with Swiss President, Alain Berset, and President of the African Development Bank, Dr Akinwunmi Adesina.
International
US warning Nigerian visa defaulters
” Whether you’re studying, working, or visiting the United States, always honour the terms of your visa. Follow the rules. Stay only for as long as you are authorized. Keep your documents updated,”
The United States Mission in Nigeria has advised Nigerian travellers to comply fully with the terms of their visas, warning that violations could affect their chances of travelling, studying or working in the country in the future.
The mission gave the advice in a message posted on its official X account under the #VisaWiseTravelSmart campaign, urging visa holders to stay only for the period approved by US immigration authorities.
It said adherence to immigration rules remained important for Nigerians seeking to preserve future opportunities in the United States.“Staying compliant with U.S. immigration laws isn’t just the right thing to do; it protects your future and keeps opportunities open for Nigerian travelers,” the mission said.
The embassy urged visitors, students and workers to keep their travel documents valid, comply with visa conditions and avoid actions that could lead to future ineligibility.
“Whether you’re studying, working, or visiting the United States, always honour the terms of your visa. Follow the rules. Stay only for as long as you are authorized. Keep your documents updated,” the post added.
International
Japan hikes visa fees first time since 1978
The visa fee revisions – the first since 1978 – were made to “reflect inflation and exchange rate fluctuations”, said Foreign Minister Toshimitsu Motegi.
Japan has implemented a five-fold increase to visa fees for all foreigners, marking the first price hike in nearly 50 years.
From 1 July, single-entry visa fees will be raised from the current 3,000 yen ($18.69; £14) to 15,000 yen, while multi-entry visas will now cost 30,000 yen, up from 6,000 yen.
The visa fee revisions – the first since 1978 – were made to “reflect inflation and exchange rate fluctuations”, said Foreign Minister Toshimitsu Motegi.
“We do not anticipate that it will have an immediate impact on inbound tourism,” he added.
The Japanese yen has been weakening continually since 2021, and is now hovering near historic 40-year lows.
International
Alan Greenspan, architect of the modern American economy, dies aged 100
For nearly 20 years, Alan Greenspan was charged with safeguarding the US economy and keeping the dollar sound.
Former US Federal Reserve chair Alan Greenspan has died aged 100, his wife has said.
NBC News correspondent Andrea Mitchell said in a statement reported by her employer that her husband had died from complications of Parkinson’s Disease.
Mitchell’s statement said Greenspan was “a giant of a man who helped shape the US economy for decades under presidents of both parties, but was always honest in acknowledging his mistakes”.
For nearly 20 years, Alan Greenspan was charged with safeguarding the US economy and keeping the dollar sound.
As chairman of the Federal Reserve from 1987-2006, a post described as the second most important after the presidency, he presided over the longest sustained period of US economic growth in a generation.
Described as the “God in the machine” of American finance, Greenspan declined all requests for interviews during his time at the Fed.
The media and the money markets hung on his few public statements, and a sign in his office said simply, “the buck starts here”.
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