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Showing posts with the label politics

Iran ready to discuss compromises to reach nuclear deal, minister tells BBC in Tehran

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Iran is ready to consider compromises to reach a nuclear deal with the US if the Americans are willing to discuss lifting sanctions, an Iranian minister has told the BBC. US officials have repeatedly emphasised that Iran, not the US, is holding up progress in this protracted negotiating process. On Saturday, US Secretary of State Marco Rubio said President Donald Trump preferred a deal but it was "very hard to do" one with Iran. But in an interview with the BBC in Tehran, Majid Takht-Ravanchi, Iran's deputy foreign minister, said the ball was "in America's court to prove that they want to do a deal", adding: "If they are sincere, I'm sure we will be on the road to an agreement Trump has threatened strikes against Iran if a deal to curb its nuclear programme cannot be reached, with the US building up its military presence in the region. This followed Iran's violent repression of nationwide anti-government protests last month, which hu...

Nigeria gets permanent seat on African Central Bank board at AU summit

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The executive council of the African Union (AU) has agreed to grant Nigeria a permanent seat on the board of the African Central Bank (ACB), according to the ministry of foreign affairs. The feat reflects Nigeria’s role in shaping the continent’s financial architecture, Yusuf Tuggar, minister of foreign affairs, said in a statement on Friday. The development is said to be one of the achievements of the West African nation at the just-concluded 39th session of the African Union. Tuggar said Nigeria recorded significant diplomatic and institutional achievements, consolidating its leadership role in advancing Africa’s economic integration, peace, security, and democratic governance. A major highlight of the session was the Council’s agreement to grant Nigeria a permanent seat on the Board of the African Central Bank,” the minister said. “This landmark development underscores Nigeria’s strategic role in shaping Africa’s financial architecture. “This decision also extends Nigeri...

Tinubu hails BOI over N636bn disbursement to businesses

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President Bola Tinubu has commended the Bank of Industry for disbursing N636bn to businesses in 2025, describing the figure as the highest annual financing volume in the institution’s history. The President, in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, said the milestone validated his administration’s economic reform agenda. According to him, the record disbursement demonstrated that ongoing macroeconomic reforms were strengthening development finance institutions and unlocking capital for productive sectors. Tinubu said, “The N636bn disbursed by the Bank of Industry in 2025 translates directly into prod Tinubu hails BOI over N636bn disbursement to businesses  President Bola Tinubu has commended the Bank of Industry (BOI) for disbursing N636bn to businesses in 2025, describing the figure as the highest annual financing volume in the institution’s history. The President, in a statement issued on Thursday by his Speci...

North Korea’s Kim Jong Un sets stage for daughter as his successor: Seoul

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Little is known about Kim’s daughter, Ju Ae, who made her first public appearance in 2022 but appears set to be her father’s successor. south Korea spy agency believes that North Korean leader Kim jung Un is preapering to designate his daughter, Kim Ju Ae, as his successor, increasing the agency’s earlier assessment of the teenager being the “most likely successor”. The National Intelligence Service in Seoul informed legislators of the news during a closed-door briefing on Thursday, according to South Korea’s official Yonhap News Agency. Their intelligence agency’s findings were later shared with the media by South Korean politicians Park Seon-won and Lee Seong-gwon. lighted at events such as the recent Armed Forces Day ceremony and her visit to the Kumsusan Palace of the Sun, and there are even signs that she is expressing opinions on some policies,” Lee told reporters, according to Yonhap. “We believe that she has now entered the succession selection stage,” Lee said. Kum...

Reforms have worked’ - Budget Minister defends Tinubu’s policy

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Minister of Budget and Economic Planning, Abubakar Bagudu, has defended President Bola Tinubu’s economic reforms, insisting that the administration’s policies are already strengthening public finances and improving funding for states and local governments across the country. Speaking on ARISE News on Wednesday, Bagudu dismissed claims that the reforms had failed, arguing that the measures were unavoidable if Nigeria was to halt years of economic decline and weak fiscal management But I disagree with you, because what we said clearly as a nation in the agenda is that we are not where we want to be. We are not shy of admitting it,” he said, adding that Nigeria’s economy remains small “relative to both our potential and our fears”. According to the minister, the government inherited deep structural problems which made tough decisions inevitable. “So, to interrupt it, we have to take choices that are bold, courageous, tough, not necessarily pleasant, in order that we will stop ...

US to send 200 troops to Nigeria to train African nation's military

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[1/3]A U.S. Army soldier (L) trains Nigerian Army soldiers at a military compound in Jaji, Nigeria, February 13, 2018. Capt. James Sheehan/U.S. Army/Handout via REUTERS/File Photo Purchase Licensing Rights WASHINGTON, Feb 10 (Reuters) - The United States is planning to send about 200 troops to Nigeria to train the African nation's military to fight Islamist militants, a U.S. official said on Tuesday, weeks after President Donald Trump ordered airstrikes against what he called Islamic State targets. The U.S. military said last week it sent a small team of troops to Nigeria without specifying a number, marking the first acknowledgment of U.S. forces on the ground since Washington struck by air on Christmas Day. Trump has said there could be more U.S. military action in Nigeria and Reuters has reported that the U.S. had been conducting surveillance flights over the country from Ghana since at least late November. The official said the 200 troops will supplem...