Headline
Guinness Announces Plan To Leave Nigeria After 75 Years

Guinness has announced it will exit the Nigerian market and sell off its controlling shares to Singaporean conglomerate Tolaram Group on Tuesday, June 11.
Guinness has joined a long list of multinationals, like GlaxoSmithKline and Microsoft, that have left Nigeria, citing the harsh economic climate in the country.
The brewery company recorded a staggering N61.9 billion loss after tax between July 2023 and March 2024, just a few months after Mr Tinubu floated the naira in an effort to unify the currency’s value on the official and parallel foreign exchange markets.
Guinness Nigeria’s N61.7 billion loss after tax in Q3 was a 1,000 percent decrease from the N5.9 billion profit generated in the same period last year leading Diageo, Guinness’ parent company, to sell its 58.02 per cent majority stake to the Singaporean group.
READ ALSO: Huggies Maker Exits Nigeria, Cites Harsh Economy
“Under the terms of an agreement signed today, 11 June 2024, Tolaram will acquire Diageo’s 58.02% shareholding in Guinness Nigeria royalty agreements for the continued production of the Guinness brand and its locally manufactured Diageo ready-to-drink and mainstream spirits brands,” the company said in a statement Tuesday.
“The transaction is expected to be completed during fiscal 2025, subject to obtaining the requisite regulatory approvals in Nigeria,” said the statement signed by Abidemi Ademola, Guinness’s legal director.
Diageo “will retain ownership of the Guinness brand, which will be licensed to Guinness Nigeria for the long term.”
Headline
Sweden To Charge 18-year-old Over IS Terror Plot

The Swedish Prosecution Authority said Tuesday it intended to charge an 18-year-old man for planning a terrorist act in Stockholm on behalf of the Islamic State group.
According to prosecutors, the planning took place between August 2024 and February 2025.
“We believe the purpose of the preparations was to induce serious fear in the population, in the name of the Islamic State. The criminal act could have seriously harmed Sweden,” Deputy Chief Prosecutor Henrik Olin said in a statement.
READ ALSO:Tragedy As Erosion Sweeps Away Motorcyclist In Edo
Prosecutors did not provide details of the plan but said the man was also suspected of “preparation for serious crimes under the act on flammable and explosive goods and training for terrorism”.
Prosecutors said they planned to file the charges on Thursday and that a press conference would be held the same day.
The young man will also be charged alongside a 17-year-old boy with attempted murder in Germany in August 2024.
READ ALSO:China Backs Nigeria, Warns Against Foreign Interference
Both of them are also suspected of “participation in a terrorist organisation,” according to the statement.
The man was arrested in Stockholm on February 11 and has been in custody since then.
AFP
Headline
US Shutdown Hits 35 Days, Tying Longest In History

The US government shutdown entered its 35th day on Tuesday, matching a record set during President Donald Trump’s first term, as lawmakers voiced hope over progress behind the scenes to end the dispute.
The federal closure appears almost certain to become the longest in history, with no breakthroughs expected before it goes into its sixth week at midnight — although there were fragile signs in Congress that an off-ramp is closer than ever.
Senate Majority Leader John Thune set the buoyant mood music on Monday when he told reporters he felt “optimistic” that newly energised talks between warring Republicans and Democrats could end in a deal before next week.
The government has been grinding to a halt since Congress failed to pass a bill to keep federal departments and agencies funded past the end of the last financial year on September 30.
READ ALSO:I’ll Support Trump To Fight Terrorism In Nigeria If… – Wike
“I’ll be honest with you, I don’t think any of us expected that it would drag on this long. We didn’t believe, we couldn’t have imagined,” House Speaker Mike Johnson told a news conference arranged to mark the six-week milestone.
“It’s now tied for the longest shutdown in US history. And we didn’t think we’d have to come in here every single day — day after day after day — and repeat the obvious facts to the American people and to put on display every day what is happening here.”
Some 1.4 million federal workers — from air traffic controllers to park wardens — have been placed on enforced leave without pay or made to work for nothing, while vital welfare programs and even paychecks for active-duty troops are under threat.
Both sides remain dug in over the main sticking point — health care spending.
READ ALSO:UK Jails Nigerian Student For Raping Stranded Teenage Bus Passenger
Democrats say they will only provide votes to end the funding lapse after a deal has been struck to extend expiring insurance subsidies that make health care affordable for millions of Americans.
But Republicans insist they will only address health care once Democrats have voted to switch the lights back on in Washington.
While both sides’ leadership have shown little appetite for compromise, there have been signs of life on the back benches, with a handful of moderate Democrats working to find an escape hatch.
A separate bipartisan group of four centrist House members unveiled a compromise framework Monday for lowering health insurance costs.
READ ALSO:Trump To Receive Full Menu Of Options To Stop Nigeria Genocide – US Rep, Moore
Democrats believe that millions of Americans seeing skyrocketing premiums as they enroll onto health insurance programs for next year will pressure Republicans into seeking compromise.
But Trump has held firm on refusing to negotiate, telling CBS News in an interview broadcast Sunday that he would “not be extorted.”
The president has sought to apply his own pressure to force Democrats to cave, by threatening mass layoffs of federal workers and using the shutdown to target progressive priorities.
Last week his administration threatened to cut off a vital aid programme that helps 42 million Americans pay for groceries for the first time in its more than 60-year history, before the move was blocked in court.
READ ALSO:Christian Genocide: Regha Reveals Why Trump Called Nigeria ‘Disgraced Country’
And the president has returned to a familiar playbook of demanding the elimination of the Senate filibuster — the 60-vote threshold for passing most legislation — so Republicans can pass government funding themselves.
“Terminate the filibuster now, end the ridiculous shutdown immediately, and then, most importantly, pass every wonderful Republican policy that we have dreamt of for years, but never gotten,” Trump fulminated in an all-caps social media post.
Preserving the filibuster — which senators say protects the voice of the minority — is one of the few issues on which Republicans are willing to defy Trump and radical reform seems highly unlikely.
“The votes aren’t there,” Thune told reporters on Monday.
AFP
Headline
China Backs Nigeria, Warns Against Foreign Interference

China has urged the international community to respect Nigeria’s sovereignty following a US threat of military action.
The Chinese government reiterated its support for President Bola Tinubu’s administration, commending the government for guiding the country along a development path tailored to its national conditions.
According to a report sourced from the Ministry of Foreign Affairs, People’s Republic of China’s website, the Spokesperson for China’s Foreign Ministry, Mao Ning, stated this at a press briefing on Tuesday in Beijing.
READ ALSO:PHOTOS: Xi, Putin, Kim At Beijing Parade As China Flaunts Military Might
She said, “As Nigeria’s strategic partner, China opposes any attempt by foreign powers to use religion or human rights as a pretext to meddle in another country’s internal affairs or impose sanctions and military threats.”
Recently, the US threatened Nigeria with possible military action due to the alleged persecution of Christians in the country.
The United States President, Donald Trump, had threatened to deploy military forces in Nigeria if the alleged genocide against Christians is not stopped in the country.
Headline4 days agoChristian Genocide’: Trump Designates Nigeria As Country Of Particular Concern
Politics4 days agoFLASHBACK: How Tinubu Blamed Jonathan For Killing Of Christians In 2014
Headline4 days agoTrump Breaks Silence On ‘Christian Genocide’ In Nigeria
Politics4 days agoPDP Reacts To Court Ruling On Planned Convention
Politics3 days agoJUST IN: PDP Factions Emerge, Anyanwu Group Suspends Damagum, Others
News4 days agoBank MD Jailed Five Years For N32m Fraud
Metro4 days agoAnother Accident On Otedola Bridge Causes Fresh Traffic Disruption In Lagos
Politics4 days ago2027: Why Jonathan Can’t Run For President – Appeal Court Ex-President
News4 days agoNAF Redeploys 25 Senior Officers
News1 day agoJUST IN: Police Declare Sowore Wanted














