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Nigeria Advocates Enhanced Diaspora Economic Contribution

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By Gloria Ikibah
 
The Minister of Foreign Affairs, Ambassador Yusuf Tuggar has reiterated Nigeria’s commitment to leveraging its overseas community, in othe to reshape the country’s international image and bolster the economic impact of its diaspora.
 
The Minister stated during a courtesy visit by the President’s Advisory Council on African Diaspora Engagement (PAC-ADE) on Tuesday in Abuja.
 
Tuggar emphasized the need to improve the Gross Domestic Product (GDP) contributions of Nigerians abroad, drawing comparisons with other countries that have smaller diaspora populations but higher economic contributions.
 
 “We are moving closely towards changing those negative narratives about Nigeria and to improve on the contribution to GDP of diasporans”, he stated.
 
One of the PAC-ADE delegation, an Executive Director, Deniece Laurent-Mantey, 
while fielding questions from journalist noted that Nigeria was part of their first official trip to Africa. 
 
She explained that the council, inaugurated by President Biden in 2023, aims to strengthen the African diaspora’s role in economic and social development.
 
 “We chose Nigeria because Nigerian diasporans represent a vibrant part of the African diaspora community,” she said. 
 
Laurent-Mantey extolled the engaging and interactive discussions with Minister Tuggar and expressed optimism about future collaborations.
 
She added, “We talked about how we can partner with the Nigerians in diaspora, across different sectors. Our partnership should go both ways: how can the US support Nigeria, and how can Nigeria support America as well?”
 
Naijablitznews.com reports that the PAC-ADE was established by President Biden via Executive Order 14089 during the 2022 U.S.-Africa Leaders Summit and was formally inaugurated in October 2023 by Vice President Harris. The council includes 12 members distinguished in various fields such as government, sports, creative industries, business, academia, social work, and faith-based activities. 
 
The council advised the President on strengthening relationships between U.S. officials and the African diaspora in the United States.
 
In March, the council adopted its first set of recommendations for the President. These included programs focused on student exchanges between Historically Black Colleges and Universities (HBCUs) and African educational institutions, advocating for more U.S. Government policy support for the African Growth and Opportunity Act (AGOA), funds for climate-focused initiatives in Africa, improving visa processes for Africans traveling to the United States, and enhancing investments and collaborations in African creative industries.
 
The council’s visit to Nigeria underscores the significance of bilateral relations and the impact of the Nigerian diaspora. This follows the historic Framework of Cooperation signed between the U.S. and Kenya in May 2024 at Spelman College in Atlanta. This agreement included funds to support the Edtech Africa Initiative, a public-private partnership recommended by PAC-ADE to promote STEM education partnerships between HBCUs, the Open University of Kenya, Mastercard, and Microsoft.
 
The ongoing efforts of PAC-ADE highlight the importance of these initiatives and the potential for further collaboration between the U.S. and African nations.
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APC sets May 25 deadline for 2027 primary elections results submission

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The All Progressives Congress has ordered all Primary Election Committees to submit reports and result sheets from its 2027 primaries by Monday, May 25, 2026.

The directive was announced in a statement issued May 24 by APC National Publicity Secretary Felix Morka. It covers governorship, senatorial, House of Representatives, and state assembly primaries.

The party said submissions for legislative bye-election reports will open on May 30, 2026.

National Organising Secretary Sulaiman Muhammad Argungu signed the notice and urged committees to ensure documents are submitted promptly and accurately.

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APC said sticking to the deadlines is critical for transparency and credibility in its internal electoral process ahead of the 2027 general elections.

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2027: Ogbeide-Ihama hails Tinubu’s reemergence as APC presidential flag bearer

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Edo South Senatorial District All Progressives Congress APC Senate flag bearer, Hon Omoregie Ogbeide-Ihama has hailed the reemergence of Bola Tinubu as APC presidential candidate in the 2027 general elections.

Ogbeide-Ihama in a congratulatory message he personally signed hailed President TInubu describing him as the iroko tree that provides shades for all.

Recall that Tinubu was declared winner of the keenly contested APC Presidential Primary, held at the Eagle Square in Abuja, said is truly the arrowhead of politics in Nigeria, adding that as one of the movers and shakers of APC from day one his victory did not come as a surprise.

He stressed that the emergence of Senator Tinubu was a result of dint of hard work, and that the votes that gave him victory was a clear manifestation of his general acceptance.

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Ogbeide-Ihama noted that Tinubu is truly a political caterpillar that pilots his affairs without rancour with his massive shoulders warehousing all and sundry to the admiration of his political adversaries.

” I hail you my Excellency as you have proven it again that definitely you can take Nigeria to the next level.

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Just in: Oil Falls With Brent Below $100 Per Barrel On Hopes Of US-Iran Hormuz Deal

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The price of North Sea Brent crude and West Texas Intermediate slipped close to five percent to $99.41 and $92.49 a barrel, respectively.

The United States and Iran appear closer than ever to a deal that would end the war that has ravaged the Middle East since late February, sending energy prices soaring and stoking global inflation.

But sticking points in their negotiations have tempered hopes of a swift resolution to restore the transit of oil and gas through the Strait of Hormuz.

US President Donald Trump said on Sunday he had informed US negotiators “not to rush into a deal”.

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“The negotiations are proceeding in an orderly and constructive manner, and I have informed my representatives not to rush into a deal in that time is on our side,” a post to Trump’s official Truth Social account said.

Iran’s Tasnim news agency said that, based on their information, key clauses of a possible agreement remained unresolved.

One of the main sticking points has been whether Tehran is willing to hand over its stockpile of highly enriched uranium.

The release of Iran’s frozen assets held under longstanding US sanctions and whether Lebanon, repeatedly targeted by Israeli strikes, will be included in any peace deal are also key issues.

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Markets across Asia climbed in early trade on hopes that Washington and Tehran will be able to overcome these hurdles.

Tokyo soared more than three percent in early trade on Monday, while Hong Kong and Seoul were closed for public holidays.

Shanghai inched upwards, with Taipei, Manila, Bangkok, Jakarta, Singapore, Sydney, and Wellington also climbing.

Kuala Lumpur was down 0.1 percent.

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“The weekend news flow has once again focused on the prospects for a negotiated deal between the US and Iran,” said Chris Weston, head of research at Pepperstone.

“According to reports from Donald Trump, a memorandum of understanding has been ‘largely negotiated’, with details to be announced at some stage soon, although there appears to be limited urgency,” Weston said.

Investors will also be keeping an eye on how the US Federal Reserve and its new chief, Kevin Warsh, react to Personal Consumption Expenditures (PCE) data this week, as well as European inflation metrics.

“The inflation story remains central to the entire setup,” said SPI Asset Management analyst Stephen Innes.

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“Investors will receive another critical read on Thursday with the release of the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge.

“After several hotter-than-expected consumer and producer inflation reports earlier this month, markets are increasingly concerned that elevated oil prices and supply disruptions tied to the Middle East conflict are beginning to seep into the broader inflation pipeline.”

The conflict erupted after the United States and Israel attacked Iran on February 28, and the Islamic Republic responded with missile and drone attacks across the region.

The United States and Iran have observed a ceasefire since April 8 while mediators push for a negotiated settlement, although Tehran has imposed controls on Gulf shipping and Washington has blockaded Iran’s ports.

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Currency dealers monitor exchange rates as an electronic screen shows the prices of WTI (L), Brent crude (C), and Dubai crude (R) in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on March 13, 2026. (Photo by Jung Yeon-je / AFP)

Key Figures At Around 0215 GMT

Brent North Sea Crude: DOWN 3.99 per cent at $99.41 a barrel

West Texas Intermediate: DOWN 4.25 per cent at $92.49 a barrel

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Tokyo – Nikkei 225: UP 3.2 per cent at 65,358.97

Shanghai – Composite: UP 0.3 per cent at 4123.89

Hong Kong – Hang Seng Index: UP 0.9 percent at 25,606.03 (close)

Euro/dollar: UP at 1.1640 from 1.1608 on Friday

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Pound/dollar: UP at $1.3480 from $1.3441

Dollar/yen: DOWN at 158.86 from 159.13 yen

Euro/pound: DOWN at 86.35 from 86.36 pence

New York – DOW: UP 0.6 per cent at 50,579,70 (close)

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New York – S&P 500: UP 0.4 per cent at 7,473.47 (close)

New York – Nasdaq: UP 0.2 per cent at 26,343.97 (close)

London – FTSE 100: UP 0.2 per cent at 10,466.26 (close)

Paris – CAC 40: UP 0.4 per cent at 8,115.75 (close)

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Frankfurt – DAX 30: UP 1.2 per cent at 24,888.56 (close)

AFP

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