Nigeria News (Standard)
Delta Governor Oborevwori Hails Favour Ashe’s 9.93s Triumph at Lagos Commonwealth Trials
Governor credits Delta State sports investment as Ashe becomes fastest Nigerian man on home soil, praises Team Delta athletes
Governor credits Delta State sports investment as Ashe becomes fastest Nigerian man on home soil, praises Team Delta athletes
Delta State Governor Sheriff Oborevwori has applauded Favour Ashe after the sprinter clocked a personal best of 9.93 seconds to win the men’s 100 metres final at the Commonwealth Games National Trials in Lagos on Monday. The event, which concluded yesterday, saw Ashe emerge as Nigeria’s fastest man, setting a new milestone for athletics in the country.
Ashe, who hails from Delta State and is among the foreign-based athletes sponsored by the state government, delivered a stellar performance at the trials. He first posted a time of 9.98 seconds in the semifinals before lowering it to 9.93 seconds to clinch the gold in the final round. The achievement marks a significant feat for Nigerian athletics and reinforces Delta State’s status as a powerhouse in local sports development.
The governor’s commendation was conveyed in a statement signed by his Chief Press Secretary, Sir Festus Ekpen Ahon. According to Oborevwori, Ashe’s success is proof of what can be achieved when government invests consistently in sports and provides robust support for young athletes. “Favour Ashe has brought pride not just to Delta State but to Nigeria as a whole,” Oborevwori said, describing the win as evidence that sustained investment produces results.
Oborevwori also congratulated other members of Team Delta for their impressive showing at the national trials, which served as selection for this year’s Commonwealth Games contingent. He urged all athletes representing Nigeria to uphold discipline and aim for podium finishes at international competitions.
With Ashe’s record-setting run putting him among Africa’s elite sprinters, expectations are high for his performance at upcoming global events. Stakeholders say continued investment from state governments like Delta will be crucial if Nigeria is to reclaim its dominance in track and field on the world stage.
Source: https://guardian.ng/sport/oborewvori-commends-favour-ashe-for-emerging-nigerias-fastest-man/
Nigeria News (Standard)
Elon Musk Loses Trillionaire Status as Net Worth Falls Globally
Tesla and SpaceX CEO’s wealth drops below ₦1.7 trillion after recent stock market fluctuations and tech sector slowdown
Tesla and SpaceX CEO’s wealth drops below ₦1.7 trillion after recent stock market fluctuations and tech sector slowdown
Elon Musk, Chief Executive Officer of Tesla and SpaceX, has lost his status as the world’s first trillionaire following a significant drop in his net worth this week. The development, which has attracted attention among global investors and Nigerian tech enthusiasts alike, comes after a sharp decline in the value of shares held across his companies.
Musk’s wealth dipped following a selloff in the technology sector on major stock exchanges, with Tesla experiencing notable losses that erased billions from its market capitalisation. The billionaire entrepreneur, who previously reached the trillion-dollar mark due to surging Tesla valuations, now finds his fortune reduced below that threshold, according to global financial tracking platforms.
The change marks a reversal from late 2025 when Musk’s net worth soared amid strong demand for electric vehicles and advances in space technology. For many Nigerians following international markets, Musk’s trajectory is closely watched as it reflects broader trends impacting tech investments and innovation funding worldwide.
Financial analysts attribute the recent downturn to shifting investor sentiment and concerns over rising interest rates globally. “High-profile figures like Elon Musk are not immune to the volatility we’re seeing,” said one Lagos-based analyst on Wednesday. “This could affect foreign investment patterns in Africa’s own emerging tech sector.” There was no immediate official comment from Musk or representatives of Tesla at press time.
Market watchers say further fluctuations are likely as global economic pressures continue to weigh on technology shares. For Nigerian entrepreneurs and investors, experts suggest keeping a close eye on international trends that could shape access to capital and valuation prospects for local startups.
Nigeria News (Standard)
Senate Passes State Police Bill, Empowers Governors to Appoint Commissioners Nationwide
Legislation allows state governors to appoint police commissioners and issue directives, marking major shift in Nigeria’s security architecture
Legislation allows state governors to appoint police commissioners and issue directives, marking major shift in Nigeria’s security architecture
The Nigerian Senate on Wednesday, 24 June 2026, passed a landmark bill enabling the creation of state police across the country and granting governors the authority to appoint police commissioners. The vote, which took place at the National Assembly complex in Abuja, marks a significant move towards decentralising policing powers in Nigeria.
The bill’s passage followed several weeks of intense debate among lawmakers from both the All Progressives Congress (APC) and opposition parties. Supporters argued that allowing states to manage their own police forces would improve security response times and address localised threats more effectively. Under the new framework, each state governor will have the legal right to appoint a commissioner of police for their state and issue operational directives within the boundaries of federal law.
This development is considered one of the most consequential changes to Nigeria’s security structure since independence. Calls for state police have grown in recent years amid rising insecurity, with many stakeholders citing the limitations of a centralised police system in responding to banditry, kidnapping, and communal violence in different regions. With this bill, proponents believe states will be better equipped to tailor law enforcement strategies to their unique needs.
The Senate’s decision has drawn mixed reactions from political leaders and security experts. While several governors welcomed the move as overdue, some critics expressed concern about potential misuse of power by state executives. The Inspector General of Police is yet to issue an official statement on how federal and state agencies will coordinate under the new arrangement. There was no immediate comment from major opposition parties as at press time.
The bill will now proceed to the House of Representatives for concurrence before being transmitted to President Bola Tinubu for assent. If signed into law, implementation guidelines are expected within months, potentially ushering in a new era for policing and public safety across Nigeria.
Nigeria News (Standard)
US Sanctions Abuja-Based Bureau de Change Firms, Names Nigerian in ISIS Financing Crackdown
Treasury Department blacklists Mukhtar Adamu Muhammad and three local currency exchange companies; assets frozen under new measures
Treasury Department blacklists Mukhtar Adamu Muhammad and three local currency exchange companies; assets frozen under new measures
The United States government has imposed fresh sanctions targeting individuals and companies accused of funding ISIS activities, including one Nigerian national and three Abuja-based bureau de change firms. The announcement was made on Monday by the US Department of State, with enforcement effective immediately across the affected jurisdictions.
The sanctions list, released as part of a global counter-terrorism initiative, identified Mukhtar Adamu Muhammad—a Nigerian national—as well as Generation Currency Bureau de Change Limited, Manhattan Bureau de Change Limited, and Nine to Nine Exchange Bureau de Change Limited among six entities and three individuals operating across Nigeria, France, Syria, and Türkiye. Authorities allege these networks were instrumental in moving funds for ISIS operatives via formal currency exchanges and cryptocurrency platforms.
According to Thomas Pigott, spokesperson for the US Department of State, the targeted network represents a major pipeline for channelling resources to ISIS cells globally. “These actions are designed to disrupt financial support structures that enable terrorist groups to operate across borders,” Pigott said in a written statement. The US Treasury noted that all sanctioned individuals and entities will face restrictions on accessing the American financial system, with any assets under US jurisdiction now frozen.
The move follows mounting international pressure for governments to clamp down on illicit financial flows fuelling insecurity in West Africa. Security analysts say Nigeria’s complex network of informal currency traders remains vulnerable to exploitation by criminal syndicates. While Abuja has yet to issue an official response to the designations, government officials have previously pledged to strengthen anti-money laundering regulations and cooperate with foreign partners on counter-terrorism efforts.
The latest sanctions come as part of ongoing efforts by US authorities to dismantle global terrorist financing channels operating through both traditional bureau de change outlets and emerging digital asset systems. The full list also includes exchange-related companies based in Türkiye and Syria as well as facilitators operating out of France. The opposition could not be immediately reached for comment on the development.
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