RUSSIAN FORCES TO STAY IN MALI TO FIGHT TERRORISM: KREMLIN. (PHOTO).

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 Russian forces to stay in Mali to fight terrorism: Kremlin The Kremlin said on Thursday that Russian forces would stay in Mali to help the country's government battle terrorists following an offensive over the weekend by Tuareg-led separatists and terrorists. Kremlin spokesman Dmitry Peskov made the statement after being asked by a reporter how Russia responded to a purported statement from the terrorists saying they wanted Russia to leave Mali. "Russia's presence there is, in fact, due to the need identified by the current government. Russia will continue, including in Mali, to combat extremism, terrorism and other harmful phenomena and will continue to provide assistance to the current government," said Peskov, AFP reported. The Russian Defence Ministry had claimed on Tuesday that units of its African Corps prevented an attempted coup on April 25, 2026 in Mali. It said in a statement that the African Corps units "inflicted irreparable losses" on superior ...
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RIBADU ORDERS CLAMP DOWN ON FOREX SPECULATORS AS NAIRA HITS N1, 800 TO A DOLLAR. (PHOTO).

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 Ribadu orders clamp down on forex speculators as naira hits N1,800 to dollar


Nuhu Ribadu, the National Security Adviser, has instructed operatives of the Nigeria Police Force, the Economic and Financial Crimes Commission (EFCC), the Nigeria Customs Service and the Nigeria Financial Intelligence Unit (NFIU), to clamp down on forex market speculators.


Ribadu noted that this is part of effort to safeguard Nigeria’s foreign exchange market and combat the activities of speculators, both domestic and international, operating through various channels.


Ribadu spoke through Zakari Mijinyawa, the head of strategic communications in the Office of the National Security Adviser, in Abuja, on Tuesday.


He maintained that the NSA had to wade in at this time as some individuals and organisations had continued to undermine proactive measures of the CBN to stabilise the foreign exchange market and stimulate economic activities.


“In a concerted effort to safeguard Nigeria’s foreign exchange market and combat speculative activities, the Office of the National Security Adviser (ONSA) and the Central Bank of Nigeria (CBN) are joining forces to address challenges impacting the nation’s economic stability.


“The CBN’s proactive measures to stabilize the foreign exchange market and stimulate economic activities have been commendable.


“However, the effectiveness of these initiatives is being undermined by the activities of speculators, both domestic and international, operating through various channels, thereby exacerbating the depreciation of the Nigerian Naira and contributing to inflation and economic instability.


“Recall that, to address the exchange rate volatility, the CBN initiated a comprehensive strategy to enhance liquidity in the forex market, including unifying FX market segments, clearing outstanding FX obligations, introducing new operational mechanisms for Bureau De Change operators, enforcing the Net Open Position limit for commercial banks, and adjusting the remunerable Standing Deposit Facility cap.

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