JUST IN: President Tinubu Re-Elected As ECOWAS Chairman

Published

2 years ago

July 7, 2024

thecloudngr

JUST IN: President Tinubu Re-Elected As ECOWAS Chairman—-Thecloudngr reports that President Bola Tinubu has been re-elected as the chairman of the Economic Community of West African States (ECOWAS), about one year after he took over the regional bloc’s leadership.

Thecloudngr gathered that on Sunday, Tinubu hosted the ECOWAS heads for the 65th Ordinary Session of the ECOWAS Authority of Heads of State and Government at the Presidential Villa in Abuja.

According to Channels TV, during the meeting, the Nigerian leader who rose to power in May 2023 was re-elected as the ECOWAS chairman.

During his opening remark at the summit, President Tinubu urged ECOWAS member states to make financial commitments to help in the battle against terrorism in the region.

“As we move to operationalise the ECOWAS Standby Force (ESF) in combating terrorism, I must emphasise that the success of this plan requires not only strong political will but also substantial financial resources,” he told the gathering.

“We must therefore ensure that we meet the expectations and recommendations set forth by our ministers of defence and finance in order to counter the insecurity and stabilise our region. Member states must make extra commitments to providing resources for stabilising the region.”

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JUST IN: Donald Trump Threatens NATO Exit After Rift Over Iran War

Published

2 weeks ago

April 1, 2026

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JUST IN: Donald Trump Threatens NATO Exit After Rift Over Iran War—-US president Donald Trump brands alliance a “paper tiger” and lashes out at Britain as Keir Starmer defends NATO.

Donald Trump says he is strongly considering pulling the United States out of North Atlantic Treaty Organization after allies refused to support US military action against Iran.

In an interview with Britain’s Daily Telegraph, Trump described NATO as a “paper tiger” and said removing the US from the alliance was now “beyond reconsideration.” He accused European allies of failing to back Washington during the conflict with Iran and criticised their refusal to send warships to help reopen the Strait of Hormuz.

Trump also took aim at Britain, mocking the state of its navy and criticising Prime Minister Keir Starmer’s focus on renewable energy.

“You don’t even have a navy,” Trump said. “All Starmer wants is costly windmills.”

Starmer responded by insisting Britain remains fully committed to North Atlantic Treaty Organization, calling it “the single most effective military alliance the world has ever seen.” He said his government would continue to act in Britain’s national interest despite mounting pressure from Washington.

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BREAKING: Dangote Refinery Hikes Petrol And Diesel Prices Amid Economic Strain

Published

1 month ago

March 9, 2026

thecloudngr

BREAKING: Dangote Refinery Hikes Petrol And Diesel Prices Amid Economic Strain—-Dangote Petroleum Refinery has revised its ex-depot prices, increasing the gantry price of Premium Motor Spirit (PMS), or petrol, to ₦1,175 per litre, while Automotive Gas Oil (AGO), commonly known as diesel, has been raised to ₦1,620 per litre.

The latest revision marks the fourth consecutive price review in less than two weeks amid global market volatility, according to a report by Petroleumprice.ng.

Quoting industry sources, the report noted that the new pricing template has been communicated to marketers, following earlier adjustments this month.

Under the revised structure, the ₦1,175 per litre petrol price reflects a significant jump from the previous ₦995 per litre, while diesel has surged sharply from its prior ₦1,430 per litre level, underlining the continued upward trend in domestic fuel pricing.

The development is likely to have a ripple effect across Nigeria’s downstream petroleum market, as depot operators and fuel marketers adjust supply costs in response to the revised prices announced by the country’s largest refining facility.

The refinery had yet to issue an official statement on the development as of the time of filing this report.

Oil prices soared 30 per cent today on fears about supplies from the Middle East, as the US-Israeli war against Iran continued into a second week with no sign of letting up.

Fears grew that the Middle East conflict could last for some time after US President Donald Trump said only the “unconditional surrender” of Iran would end the war.

He added at the weekend that the spike in prices was a “small price to pay” to eliminate Iran’s nuclear threat, reiterating the White House’s insistence that the rise is temporary.

Since the beginning of the war, WTI is up more than 75 per cent and Brent more than 60 per cent.

Attacks on oilfields were reported in southern Iraq and in the northern autonomous Kurdistan region, which forced a US-run oilfield to cease production, while the United Arab Emirates and Kuwait have started reducing output.

That came with maritime traffic in the Strait of Hormuz — through which a fifth of global crude and gas passes — halted since the war began on February 28.

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