Category Nigeria News

A 41-member high-powered committee will be established to oversee the creation of new emirates, chiefdoms, and districts within the state, according to the governor of Bauchi State, Bala Mohammed.

This development came in response to a previous request by the state government to request memoranda calling for the establishment of such formal and administrative entities.

The committee will evaluate all submissions in accordance with defined criteria, including fairness, equity, and financial viability for the emirates, chiefdoms, and districts, according to a press release signed by the governor, Mukhtar Gidado, the special adviser on media and publicity.

Also read: Governor Mohammed gives 300 Saudi Riyals to each Bauchi pilgrim.

The statement read in part as a “broad move to deepen grassroots governance, preserve cultural heritage, and promote inclusivity across state traditional institutions.”

A diverse and knowledgeable group of traditional rulers, judicial officers, academics, civil servants, representatives of religious organizations, civil society organizations, and journalists make up the committee’s diverse and experienced group.

Justice Habibu Shall has been appointed Deputy Chairman, while Justice Hamza Akuyam, a former state leader, has been appointed as Chairman.

The committee includes representatives from security agencies, as well as the Attorney General and Commissioner for Justice, the Commissioner for Local Government and Chieftaincy Affairs, and the Commissioner for Culture.

Alhaji Aminu Dantata, a late ruler of Saudi Arabia, will be laid to rest on Tuesday in Madinah.

This was made known on Monday by Mohammed Idris, the minister of information and national orientation, in a statement released by Rabiu Ibrahim, Special Assistant (Media).

Prior to the burial, President Bola Ahmed Tinubu’s message of condolence to the late elder statesman was delivered to the family of the late elder statesman by the minister of defense, Alhaji Muhammad Badaru Abubakar.

The statement continued, “President Tinubu is deeply moved by Baba Aminu’s passing. He prays that Allah will grant him the ability to bear the loss that is irreparable.

Prince Lateef Fagbemi, SAN, Idris, the minister of state for housing and urban development, Yusuf Ata, the minister of justice and the president of the nation, and Abubakar, the head of a delegation of top government officials, joined him.

Alhaji Mustapha Junaid and other Dantata family members, including the deceased’s wives, children, and grandchildren, thanked the Federal Government for their condolence visit. The team left Nigeria late on Sunday and arrived in Madinah early on Monday.

READ MORE: Aminu Dantata, a business icon, passes away at 94.

Alhaji Aminu Dantata, 94, passed away on Saturday in Abu Dhabi, United Arab Emirates.

On Tuesday, he will be interred in the holy city of Madinah in accordance with his wishes.

In addition to the delegation, prominent Islamic clerics, including Khalifa Abdullahi Muhammad, Imam of the Dantata Mosque in Abuja, Sheikh Aminu Ibrahim Daurawa, and Bashir Ali Aliyu Umar, offered condolences for the late patriarch’s passing.

According to Congolese President Felix Tshisekedi, a peace agreement between Rwanda and the Democratic Republic of Congo will help to end decades of conflict in eastern DRC. The vast DRC’s east has been ravaged by deadly violence that has plagued the area for three decades because it is rich in natural resources, especially lucrative minerals.

The Rwanda-backed M23 armed group seized control of Goma and Bukavu, two important cities, in late January, and heightened fighting in the first few weeks of the year.

According to the DRC government and the UN, the lightning offensive in the east of Rwanda’s border killed thousands of people and worsened the humanitarian crisis for hundreds of thousands of displaced people.

Congolese and Rwandan foreign ministers signed a peace deal on Friday in Washington following a string of repeatedly broken truces and ceasefires in recent years and the failure of several attempts to reach a bargaining table between Kinshasa and Kigali.

The DRC government and the M23 are currently negotiating in a similar way with Doha.

The signing of the agreement, which the African Union and the UN described as a significant step toward peace, was attended by a Qatari representative on Friday.

In a speech aired on Monday to mark the 65th anniversary of the DRC’s independence from Belgium, Tshisekedi said, “opens the way to a new era of stability, cooperation, and prosperity for our nation.”

Won’t “sell off” their shares

In the upcoming weeks in Washington, Tshisekedi will meet with Paul Kagame, his Rwandan counterpart.

The agreement specifies restrictions on “respect for territorial integrity and halting hosilities” in eastern DRC, but they are still in effect.

It calls for Rwanda to “learn defensive measures” or for Rwandan soldiers to leave the DRC.

Read more about Rwanda and the Democratic Republic of Congo signing a peace agreement in the US following a rebel sweep.

Rwanda has vowed to end the country’s opposition to the M23, but it has also called for the end of another ethnic Hutus-linked armed organization that it claims is threatening: the Democratic Forces for the Liberation of Rwanda (FDLR), which it claims is affiliated with the 1994 Rwanda genocide.

According to the agreement, Kinshasa is proposing to “neutralize” the FDLR.

It provides few details, but it also includes economic measures.

The Congolese president had a meeting with Massad Boulos, a Lebanese-American businessman and Tiffany’s father-in-law, who had been chosen by the president as a senior advisor on Africa, in April.

A “regional economic integration framework” to improve transparency in the supply chains of crucial minerals is also anticipated as part of the agreement.

On Saturday, at a conference held in Osaka, Japan, the Congolese government spokesman Patrick Muyaya said Kinshasa will not “sell off any of the DRC’s interests.”

The DRC produces the most cobalt in the world, and it also has valuable deposits of gold and other valuable minerals, such as coltan, a metallic ore essential for the manufacture of laptops and phones.

According to Tshisekedi, “This agreement is not just a document; it is a promise of peace for the people” affected by the eastern DRC conflict.

The M23 anti-government group’s territorial gains are not explicitly addressed in the text, which has been negotiated through Qatar since before Trump took office.

The M23 has never officially acknowledged previous ceasefires, just like the Kinshasa-supporting militias it opposes.

Since February, the front has stabilized in the eastern DRC.

However, there is still conflict between M23 fighters and numerous local militias that use guerrilla tactics.

The political-military Congo River Alliance, to which the M23 belongs, was criticized by Corneille Nangaa, who on Monday called the Washington agreement “limited” and accused Kinshasa of “systematically” undermining the Doha mediation process.

As a result of optimism that the US would reach trade agreements ahead of a self-imposed deadline the following week and extend tax cuts, Wall Street stocks surged to new records on Monday.

After canceling a tax that had affected US tech companies, which had caused US President Donald Trump to halt discussions, Canada announced on Sunday that it would resume trade negotiations with the United States.

As the July 9 deadline for tariff reprieve approaches, there was more reason to believe that other governments would strike deals with Trump to avoid his steep levies.

Investors are confident that trade agreements will be reached, geopolitical tensions will be easing, and a significant economic slump will be avoided, according to investment analyst Dan Coatsworth of AJ&nbsp, Bell.

The big question is whether investors are correct or just being overly complacent, he continued.

Officials from Japan and India have stayed in Washington to continue their discussions, boosting hopes for agreements with two of the world’s largest economies.

On Monday, the S&amp, P 500, and Nasdaq Composite all increased to record levels on Wall Street.

Read more about the oil prices as investors wait for Iran’s response to US strikes.

Most Asian stocks were also boosted by the optimism of trade, but the main indices in Europe fell.

According to Patrick O’Hare, an analyst for Briefing.com, Wall Street’s “positive disposition follows the weekend update that the Senate passed a procedural vote that will set up its version of the “One Big, Beautiful Bill” for a full Senate vote tonight.”

Trump’s signature tax-cutting bill, which costs $4.5 trillion, strengthens border security, and extends tax cuts from his first term.

By pressing for the package to be passed by July 4th, the Republican president has called out swinging lawmakers.

Concerns about the impact on the economy are present, though the non-partisan Congressional Budget Office projects that over the course of ten years, the measure would add nearly $3.3 trillion to US deficits.

Data showing a further decrease in Chinese factory activity in June following a China-US trade truce on Monday did not cause much major change.

Investors will be monitoring data this week, and a crucial US employment report will be looked over for signs of interest-rate growth.

According to FOREX.com analyst Fawad Razaqzada, this could be the “make-or-break moment” for the July rate cut expectations.

According to the CME’s FedWatch tool, only one in five investors can currently tell when the Federal Reserve will cut interest rates at its July meeting.

But they anticipate that it will be cut twice or three later this year.

Investors are also starting to increase their bets on rate cuts as a result of Trump’s suggestion that he could choose Jerome Powell as his successor in a few months.

At around 1530 GMT, important figures were revealed.

New York – Dow: UP 0.4&nbsp, percent at 44, 001.45 points

New York – S&amp, P 500: UP 0.2&nbsp, percent at 6, 184.09

New York – Nasdaq Composite: UP 0.1&nbsp, percent at 20, 296.92

London – FTSE 100: DOWN 0.4 percent at 8, 760.96&nbsp, (close)

Paris – CAC 40: DOWN 0.3 percent at 7, 665.91 (close)

Frankfurt – DAX: DOWN 0.5 percent at 23, 909.61 (close)

Tokyo – Nikkei 225: UP 0.8 percent at 40, 487.39&nbsp, (close)

Hong Kong – Hang Seng Index: DOWN 0.9 percent at 24, 072.28 (close)

Shanghai – Composite: UP 0.6 percent at 3, 444.43 (close)

Euro/dollar: UP at $1.1747 from $1.1718 on Friday

Pound/dollar: DOWN at $1.3702 from $1.3715

Dollar/yen: DOWN at 144.28 yen from 144.68 yen

Euro/pound: UP at 85.74 pence from 85.43 pence

West Texas Intermediate: DOWN 1.1 percent at $ 64.78 per barrel.

Brent North Sea Crude: DOWN 0.6%, $ 64.40 per barrel, versus $ 66.40 per barrel.