Headline
How Tinubu’s 15 Days In Office Leave Investors Excited

President Bola Tinubu’s policies in his first 15 day in office have signaled some sense of hope to foreign investors, pulling the right levers for markets.
Recall that, during his inaugural speech as president, Tinubu announced that the fuel subsidy was ‘gone.’
The president also suspended the governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, having promised to unify a web of varying exchange rates.
With this development, foreign investors have embraced the decisions of Tinubu’s government, sending Nigeria’s dollar debt surging on Monday.
A portfolio manager at Ninety One in London, Thys Louw, who shared insight on the policies of the new government, said, “Overall, President Tinubu has shown that he’s willing to take on two of the most important factors investors are focusing on, which is fuel subsidies and FX reform, in a very short space of time.”
READ ALSO: Yoruba Leader Prof Adeniran Returns From Exile, Writes Tinubu
“Reform momentum in Nigeria has picked up considerably, although from a low level and sustaining this will be important given poor economic conditions Tinubu inherited,” he added.
Following Emefiele’s suspension on Friday, a senior adviser said it would be a matter of months before he unified its exchange rates, a key demand of investors and multilateral institutions like the World Bank.
The suspended CBN governor was considered the chief architect of a set of unorthodox policies — including propping up the naira, allowing a complex regime of multiple exchange rates, and lending tens of billions to the government of Tinubu’s predecessor — that have been blamed for the condition of Africa’s largest economy.
Against this background, Nigeria’s State Security Service detained Emefiele on Saturday for “investigative reasons,” while a Deputy governor of Operations in the CBN was appointed in an acting capacity.
READ ALSO: SERAP Sues Tinubu Over ‘Failure To Probe Missing $2.1bn, N3.1trn of Subsidy Payments’
Lately, Nigeria’s international bonds, due in 2029, jumped the most among emerging-market peers on Monday, a public holiday in Nigeria.
According to data compiled by Bloomberg, those notes jumped as much as 3 cents before closing around 88 cents on the dollar, the highest since January.
The extra yield investors demand to hold the nation’s debt over US Treasuries fell 38 basis points to 7.19 percentage points, according to a JPMorgan index.
Head of Africa sovereign and corporate credit research at BancTrust & Co. in London, Ayodeji Dawodu noted that the changes at the central bank “could spell the end of unorthodox and often conflicting and confusing monetary policies that held back economic growth and destroyed local and foreign investor confidence.”
The CBN offered the US dollar through several windows at tightly controlled rates, with little liquidity, to businesses and individuals.
This forced many to the black market, where the dollar traded more freely but at about a 60% premium to the official rate.
READ ALSO: SERAP Sues Tinubu Over ‘Failure To Probe Missing $2.1bn, N3.1trn of Subsidy Payments’
An influential member of Tinubu’s advisory board, Wale Edun noted that the unification of exchange rates was “imminent.”
“I would say it would have to be done within a quarter as rather than within a year,” he said. “I think you’re talking, think quarters rather than years, that’s where I would put it,” he said.
The Emefiele-led CBN was perceived to be in close adherence to the administration of Tinubu’s predecessor, Muhammadu Buhari.
The chief economist for Nigeria at KPMG LLP and the nation’s former statistician general, Yemi Kale believes that the previous government was perceived to be more statist and socialist in its approach, said
“The markets will respond positively to an administration it believes to be more market-oriented,” he added.
VANGUARD
Headline
White House Slams Trump’s Nobel Prize Snub

The White House lashed out at the Norwegian Nobel Committee on Friday after it awarded the peace prize to Venezuelan opposition leader Maria Corina Machado and overlooked US President Donald Trump.
“The Nobel Committee proved they place politics over peace,” White House Director of Communications Steven Cheung said on X.
“President Trump will continue making peace deals, ending wars, and saving lives. He has the heart of a humanitarian, and there will never be anyone like him who can move mountains with the sheer force of his will.”
READ ALSO:White House Threatens Mass Firings Amid Stalled Shutdown Talks
Since returning to the White House for his second term in January, Trump had repeatedly insisted that he deserved the Nobel for his role in resolving numerous conflicts — a claim observers say is broadly exaggerated.
Trump restated his claim on the eve of the peace prize announcement, saying that his brokering of the first phase of a ceasefire in Gaza this week was the eighth war he had ended.
But he added on Thursday: “Whatever they do is fine. I know this: I didn’t do it for that, I did it because I’ve saved a lot of lives.”
Nobel Prize experts in Oslo had insisted in the run-up to Friday’s announcement that Trump had no chance, noting that his “America First” policies run counter to the ideals of the Peace Prize as laid out in Alfred Nobel’s 1895 will creating the award.
AFP
Headline
Transgender Woman Jailed For Deceiving Man About Gender In UK

A British court has sentenced a transgender woman, Ciara Watkin, to 21 months in prison for deceiving a man into sexual activity by falsely claiming to be a biological female.
According to a BBC report on Friday, the victim told Durham Crown Court he would not have consented to the sexual encounter had he known Watkin was biologically male.
The court heard that Watkin, 21, from Thornaby in Stockton-on-Tees, was found guilty of sexual assault after jurors rejected her claim that the man “would have realised” her gender identity.
Recorder Peter Makepeace KC said he was “certain” the victim “fully believed from start to finish” that Watkin was a woman due to her “lies and deception.”
READ ALSO:NERC Transfers Regulation Of Electricity Market To Bayelsa
Watkin, who was born male and had used the name Ciara since childhood, had not undergone any medical transition or surgery, the BBC reported.
Both Watkin and the victim were 18 when they met on Snapchat, where she used a female cartoon character as her profile picture. They later met in person, leading to sexual contact. Prosecutor Paul Reid told the court that Watkin even claimed to be menstruating to stop the man from touching her below the waist.
When Watkin later confessed to being biologically male, the man said he was “physically sick” and immediately reported the matter to the police.
“He said he was shocked and upset about being deceived, adding that he felt ashamed, embarrassed, and had been ridiculed online due to Watkin’s actions and deception,” the report stated.
READ ALSO:Transgender Inmates Panic As Trump Orders Transfer To Men’s Prisons
The victim, who described himself as heterosexual, told the court he felt “part of his masculinity was taken away.”
Defence counsel Victoria Lamballe argued that Watkin’s actions were not “predatory or sadistic” but stemmed from “shame and a deep sense of discomfort” with her own body.
She said Watkin, who has been diagnosed with gender dysphoria, identified as female from primary school and had endured years of bullying.
“It is hardly surprising that Watkin built up a façade and presented almost as a caricature of herself to mask the inner turmoil she feels at having been born into the wrong body,” Lamballe said, adding that Watkin “simply wanted to be loved.”
READ ALSO:Transgender Inmates Panic As Trump Orders Transfer To Men’s Prisons
However, Recorder Makepeace ruled that the victim was “totally deceived,” saying Watkin had lied to “get away” with her deception and was aware the man would not have consented if he knew her biological sex.
The judge also criticised Watkin’s attitude during the trial, describing her as “flippant, disinterested, and bored,” showing “not a shred of remorse.”
He said, “At the heart of this case was your frustration at wanting sexual experiences with heterosexual males, which, by definition, you needed to deceive to achieve.”
Watkin will serve her sentence in a male prison, where authorities said protective measures would be taken to ensure her safety. She will also remain on the sex offenders register for 10 years and has been issued a lifetime restraining order preventing contact with the victim.
Detective Constable Martin Scotson of Cleveland Police said Watkin “purposely concealed her sex in order for the sexual activity to take place,” adding that he hoped the conviction would allow the victim to “move forward with his life.”
Headline
Burkina Rejects US Deportees, Calls Trump’s Proposal Indecent

Captain-Ibrahim-Traore
Burkina Faso, ruled by a junta hostile to the West, has refused to take in people kicked out of the United States, in a snub to one of President Donald Trump’s signature migration policies.
Since Trump’s return to the White House, his administration has made deporting people to third countries — often to nations they have no connection to — part of a sweeping immigration crackdown.
In Africa, Eswatini, Ghana, Rwanda and South Sudan have all accepted people expelled from the United States in recent months. But late on Thursday, Burkina Faso’s foreign affairs minister said the west African country had refused Washington’s overtures.
READ ALSO:Junta-led Mali, Burkina Faso, Niger To Launch Common Passport
“Naturally, this proposal, which we considered indecent at the time, runs completely contrary to the principle of dignity,” Karamoko Jean-Marie Traore said on national television.
Hours earlier, the US embassy in the capital Ouagadougou announced the suspension of regular services for most visas for people living in Burkina Faso.
Instead, Burkinabe citizens will now have their services handled in Lome, the capital of neighbouring Togo.
“Is this a way to put pressure on us? Is this blackmail? Whatever it is… Burkina Faso is a place of dignity, a destination, not a place of expulsion,” Karamoko Jean-Marie Traore said.
READ ALSO:US Deportations ‘Profoundly Disturbing” — UN Official
Burkina Faso’s leader, Captain Ibrahim Traore, styles himself as an anti-imperialist Pan-African strongman.
Since seizing power in a coup in September 2022, he has shunned former colonial master France and the wider West, forging closer ties with Russia instead.
- Politics4 days ago
Jonathan Dragged To Court Over Bid To Participate In 2027 Election
- News2 days ago
JUST IN: Court Orders IGP To Arrest Mahmood Yakubu, Ex-INEC Chairman
- News4 days ago
Group Defends VC Selection At FUGUS, Alleges Sabotage By Petitioners
- Entertainment5 days ago
JUST IN: Season 10 BBNaija Winner Emerges
- Politics5 days ago
Twist In Edo PDP Crisis As Faction Elects State Executives
- Politics1 day ago
JUST IN: Council Of State Meets As Tinubu Presents Nominees For INEC Chair
- News5 days ago
Ogoni Women Protest Resumption Of Oil Production, Demand Accountability In $1Bn Cleanup Funds
- News3 days ago
Group Throws Weight Behind Benin Monarch’s Decision On Iyaloja
- News5 days ago
Don Pushes For More University Funding
- News3 days ago
Recruitment: Customs Announces Exam Date For Shortlisted Applicants