News
Tinubu Vows to Crush Terrorism as FEC Reconvenes after Three Months
President Bola Ahmed Tinubu has, for the first time, spoken publicly since U.S. President Donald Trump redesignated Nigeria as a Country of Particular Concern over alleged religious persecution and issued threats of military action against terrorist groups in the region.
Speaking at the Federal Executive Council (FEC) meeting in Abuja on Thursday, President Tinubu avoided direct reference to President Trump but underscored Nigeria’s resilience and growing economic credibility. He cited the overwhelming success of the country’s recent $2.35 billion Eurobond, which was oversubscribed by 453 percent, as clear proof of “strong investor confidence despite political headwinds.”
“Nigeria remains open for business. The confidence of global investors in our economy is unshaken. We will continue to engage our international partners diplomatically while working tirelessly to defeat terrorism and build a peaceful, inclusive, and resilient nation,” Tinubu said.
The Coordinating Minister of the Economy and Minister of Finance, Wale Edun, briefed the council that the Eurobond attracted $13 billion in orders, describing it as a major milestone in Nigeria’s economic reform trajectory.
He added that the next phase of the administration’s reforms would focus on removing barriers to investment, reviewing tariffs and import restrictions, and improving fiscal discipline to ensure that the benefits of the reforms reach ordinary Nigerians.
Thursday’s FEC meeting marked the first in three months, with President Tinubu also swearing in two new ministers — Dr. Kingsley Tochukwu Udeh (SAN) from Enugu State and Bernard Doro from Plateau State — bringing the cabinet back to its full complement of 48 members.
The President reaffirmed his administration’s determination to crush terrorism and violent extremism, stating that no external pressure or political distraction would deter Nigeria from safeguarding its sovereignty and national security.
Justice Emeka Nwite of the Federal High Court in Abuja has hinted that there are attempts by lawyers and litigants to influence the money laundering trial of former Attorney General Abubakar Malami scheduled to begin on 17 February.
The judge stated this after granting Malami, his son Abdulaziz, and wife Bashir Asabe, bail in the sum of N500million each.
In a stern warning shortly after delivering the ruling granting Malami and others bail, Justice Nwite said he would not take lightly any lawyer or litigant intent on ‘approaching’ him to influence the case.
He advised parties, to instead, engage the services of quality lawyers to help with their case. He threatens serious consequences for anyone who flouts his directive.
On the terms of bail for Malami and his co-defendants, the trial judge ordered that they present two sureties each who must be owners of properties, with proof, in either Maitama, Gwarimpa or Asokoro.
The defendants are also ordered to deposit their passports with the court registry, adding that travel out of the country must be by the express permission of the court.
Malami and his co-defendants will, meanwhile, remain in prison until they perfect the terms of bail. The trial is scheduled to begin on 17 February.
International
Trump Announces Venezuela to Turn Over Up to 50 Million Barrels of Oil to United States
U.S. President Donald Trump announced on Tuesday that interim authorities in Venezuela will turn over between 30 and 50 million barrels of high-quality sanctioned oil to the United States, following the recent U.S. military operation that removed Venezuelan leader Nicolás Maduro from power.
In a post on Truth Social, Trump stated: “I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 Million Barrels of High Quality, Sanctioned Oil, to the United States of America.
This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!
“The president added that he has directed Energy Secretary Chris Wright to execute the plan immediately, with the oil to be transported via storage ships directly to U.S. unloading docks.
The announcement comes amid ongoing developments in Venezuela, where the oil—previously held in storage due to U.S. sanctions—is estimated to be worth up to $2.8 billion at current market prices around $56 per barrel.
Analysts note that this volume represents a modest addition to global supply but could divert exports previously destined for China.U.S. crude futures dipped slightly following the news, closing lower by about 1.3%. Major U.S. oil companies, including Chevron, ExxonMobil, and ConocoPhillips, are reportedly monitoring the situation, with meetings planned between industry representatives and the administration to discuss future investments in Venezuela’s vast oil reserves.
The deal marks a significant step in Trump’s stated goal of revitalizing Venezuela’s oil sector, which holds the world’s largest proven reserves but has seen production decline sharply in recent years due to sanctions, underinvestment, and mismanagement.
The Nigerian Meteorological Agency (NiMet) has predicted a mix of hazy and sunny conditions across most parts of the country from Wednesday, January 8, to Friday, January 10, 2026.
In its weather outlook released on Tuesday in Abuja, NiMet stated that the northern region will experience sunny and hazy skies throughout the three-day period. By Friday, morning haze is expected to give way to dust haze in the afternoon and evening hours over parts of the North.
The central region is forecasted to remain predominantly hazy with sunny intervals during the period.
For the southern region, cloudy skies with intervals of sunshine are anticipated, along with chances of isolated thunderstorms. On Wednesday, thunderstorms may occur later in the day over parts of Ondo, Ogun, Imo, Delta, Cross River, Akwa Ibom, Rivers, and Bayelsa states. Similar isolated thunderstorms with light rains are possible over coastal and inland southern states on subsequent days, including Anambra, Imo, Abia, Edo, Bayelsa, Rivers, Akwa Ibom, and Cross River.
NiMet warned that dust particles are currently in suspension, particularly in the northern areas, advising individuals with asthma and other respiratory issues to take necessary precautions.
The agency also urged motorists to drive cautiously during any rainfall and recommended that airline operators obtain updated airport-specific weather reports from NiMet for safe flight planning.
Residents are encouraged to stay informed by visiting NiMet’s official website at www.nimet.gov.ng for regular updates.
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