The Secretary-General of the North Atlantic Treaty Organization, NATO, Mark Rutte, has urged European Union leaders to engage with Turkish President Recep Tayyip Erdogan to enhance cooperation on security matters.

This comes following the EU’s efforts to bolster its defense posture in response to the US President Donald Trump’s criticism of European security spending.

Trump’s call for NATO member states to increase their defense contributions to 5 percent of GDP has prompted discussions about strengthening ties with non-EU countries, including Turkey.

Trump, in January, criticised the EU for its low investments in NATO’s defense capabilities, while US Secretary of Defense Pete Hegseth affirmed that Washington had no plans to reduce its military presence in Europe.

Recall that during the Munich Security Conference, US Vice President JD Vance met with Rutte, stressing the need for EU countries to raise their defense spending and for NATO to ensure a more balanced distribution of defense contributions among its members.

[DailyPost]

 
 
 
 

The Supreme Court has dismissed the appeal by the Peoples Democratic Party (PDP) and its candidate in the last governorship election in Ondo State, Agboola Ajayi challenging the competence of the joint ticket of Lucky Aitedatiwa and his running mate in the election, Olayide Adelami.

In a judgment on Tuesday, a five-member panel, presided over by Justice Mohammed Garba, was unanimous in holding that the appeal was without merit and that the appellants lacked the locus standi to query Adelami’s nomination.

The court awarded a cost of N8million against the PDP and Ajayi, at N2m each for the four respondents – Adelami, Aitedatiwa, the All Progressives Congress (APC) and the Independent National Electoral Commission (INEC).

 

The PDP and Ajayi had claimed that Adelami presented forged West African Examination Council (WAEC) certificate to INEC and that he equally possessed multiple identities.

They had prayed the court hold that Adelami was not qualified to contest the election by virtue of the alleged forged certificate and proceed to void the joint ticket on which Aitedatiwa and Adelami contested the election on the platform of the APC. 

Details shortly…

[TheNation]

 

Bitcoin and other major cryptocurrencies tumbled on Tuesday as concerns over the US economy and trade tensions grew.

Bitcoin dropped 3.2% to $79,937 after hitting a low of $76,624. Ethereum fell sharply by 7.5% to $1,911. The global crypto market cap declined 4.3% to $2.6 trillion, The Economist reports.

Solana, XRP, Cardano and Dogecoin also suffered losses, with Dogecoin plunging 8.5%.

Investor confidence weakened after former US President Donald Trump, in a Fox News interview, mentioned a “period of transition” but did not clarify if his tariff policies might lead to a recession. 

His remarks caused declines across cryptocurrencies, stocks, and the US dollar while Treasury yields also dropped.

“The crypto market is seeing its major downturn with Bitcoin falling under $80,000 and Ethereum recording a 16-month low of around $1,800,” said Avinash Shekhar, Co-Founder & CEO of Pi42.

“Fears of a coming recession and the overall market sell-offs are spurring this pullback.”

 

Macroeconomic factors like inflation and interest rates continue to drive volatility.

“The upcoming Job Openings and Labor Turnover data would be crucial for bulls to take control.

“A positive outcome data could help BTC reclaim the $84,000 mark,” said Edul Patel, CEO of Mudrex.

Bitcoin’s market cap fell to $1.585 trillion, with a dominance of 61.04%.

Trading volume surged 53.14% to $58.13 billion.

“Bitcoin’s ability to reclaim and hold $80,000 remains critical for overall market stability,” noted Vikram Subburaj, CEO of Giottus.

[Punch]

 
 

Kola Ologbodiyan, the immediate past National Publicity Secretary of the Peoples Democratic Party (PDP), believes the All Progressives Congress (APC) will implode after Malam Nasir El-Rufai’s resignation from the ruling party.

On Monday, March 10, 2025, El-Rufai dumped the APC for the Social Democratic Party (SDP) following his criticisms of the party and President Bola Tinubu’s administration. 

In a statement announcing his resignation from the APC, the former Governor of Kaduna said the party has castrated its organs and treated its membership with contempt.

He says, “There is no desire on the part of those who currently control and run the APC to acknowledge, much less address, the unhealthy situation of the party.”

Reacting to El-Rufai’s defection, Ologbodiyan, while appearing on Arise Television’s ‘The Morning Show,’ maintained that the ex-governor’s defection would trigger a crisis in the party.

“There will be an implosion in President Asiwaju Bola Tinubu’s party, the APC, and anybody in doubt of that should look at what has happened with El-Rufai’s resignation. El-Rufai is a founding machine in the All Progressives Congress, and if a founding machine can leave the party, you can imagine what’s going to follow,” he said.

However, as the PDP struggles to resolve its lingering crisis, Ologbodiyan urged the media to embolden opposition parties, adding that the culture of silence should not be encouraged.

“Let us find a way to embolden the opposition because, without opposition, there is no democracy,” he said.

On the proposed coalition, Ologbodiyan said the PDP has not decided on the matter. However, he added that the party would align with other parties to strengthen the opposition.

He added that one of Abubakar Atiku’s faction of the party or Nyesom Wike’s group will join the proposed coalition. 

Vanguard News

 

Atiku Bagudu, minister of budget and economic planning, says the Central Bank of Nigeria (CBN) will not exceed the 5 percent limit on ways and means financing to the federal government.

Bagudu spoke on the 2025 budget in collaboration with KPMG on Arise Television on Monday.

Ways and means is a loan facility through which the CBN finances the federal government’s budget shortfalls.

Minister said the CBN’s guidelines already limit the amount available to the government under its ways and means facilities to 5 percent in the 2024-2025 fiscal year.

 

This, Bagudu said, will boost investor confidence in Nigeria’s ability to manage its debt.

The minister stressed that the government will not rely on the CBN to finance its N14 trillion deficit but will explore innovative financing approaches.

“Under no circumstance will the Central Bank be going above the legal limit of 5 per cent, I think that should comport the economy that we are not going to have recourse to,” he said.

 

“Because we are also going to market in different ways, innovative financing or approaches, the local bonds have been issued, where governments have raised money.

“This represents a statement of intention, just to ensure that those whom we have borrowed from will be confident that we will have enough to meet our debt service obligation.

“If as we anticipate, economic conditions will continue to improve, maybe we may not need to spend after that in debt service.”

On his part, Wale Edun, minister of finance and coordinating minister of the economy, said the federal government prioritises macroeconomic stability, leveraging exchange rate stability, trade surplus, and increased oil production to strengthen Nigeria’s global position.

 

He added that the country’s foreign reserves have now surpassed $40 billion, reflecting confidence in its economic policies, as the government aims for 7 percent annual growth.

In September 2024, Edun, said the federal government had “exited” servicing its debts through ways and means, a factor analysts often partly blame for high inflation.

In his Independence Day speech last year, President Bola Tinubu said the federal government has cleared over N30 trillion in ways and means advances.

[TheCable]

The high-profile trial of Naomi Silekunola, former queen of the Ooni of Ife; Oriyomi Hamzat, owner of Ibadan-based Adigbo FM; and Abdullahi Fasasi, principal of Islamic High School, Bashorun has taken an interesting turn, as the court adjourned proceedings for two weeks, placing the fate of the accused in limbo.

The trio stands accused in an 18-count charge brought by the Oyo State Government over the devastating stampede that claimed at least 35 children’s lives during an end-of-year party hosted by Silekunola on December 18, 2024.

On Monday, March 10 2025, at the Oyo State High Court, Ring Road, Ibadan, Chief Justice Ladiran Akintola halted proceedings, ruling that the accused must first address the emotional and financial toll on the victims’ families before the case can proceed.

The unexpected adjournment followed a request from the defendants, who sought time to facilitate compensation for the bereaved families and those injured.

 

Oyo State Government spokesperson, Abiodun Aikomo, confirmed that while the trial was set to begin, the defense requested a delay to settle with victims’ families.

Representing Silekunola, senior lawyer Musibau Adetunmbi (SAN) argued that postponement was necessary for an amicable resolution, revealed that negotiations were already in motion and expressed confidence that compensation would be completed within the given timeframe.

The case traces back to December 2024, when a children’s funfair took a tragic turn, ending in a deadly stampede at the venue’s parking lot.

 

Naomi,Oriyiomi and Fasasi seen in court on February 18, 2025, now face the weight of the law as they battle murder, manslaughter, conspiracy to commit criminal negligence, and multiple related charges under the Criminal Code, CAP 38, Vol II, Laws of Oyo State, 2000.

With the trial now stalled for two weeks, all eyes remain on the court’s next move.

The National Chairman of the Social Democratic Party (SDP), Shehu Musa Gabam, has revealed that more prominent politicians are on the verge of joining the party, following the recent defection of former Kaduna State Governor, Nasir El-Rufai, from the ruling All Progressives Congress (APC).

Gabam, speaking in an interview with Trust TV on Monday, said El-Rufai’s move had triggered a wave of interest from top politicians across party lines, particularly in Kaduna State.

 

While Gabam declined to reveal specific names, party insiders have hinted that former Ekiti State Governor, Kayode Fayemi, and ex-Osun State Governor, Rauf Aregbesola, are among those reportedly considering a move to the SDP.

El-Rufai had recently held closed-door meetings with Aregbesola and Pastor Tunde Bakare in Lagos, further fuelling speculation.

He had also visited former President Muhammadu Buhari and ex-Vice President Atiku Abubakar, raising questions about broader political realignments ahead of the 2027 general elections.

However, Fayemi has denied any plans to dump the APC.

In a statement on Tuesday, he said, “My attention has been drawn to a story circulating on several online platforms regarding my defection from the All Progressives Congress (APC). As I have had cause to state in the past, I am a card-carrying foundation member of the APC, and this position has not changed.”

He, however, criticized the APC’s internal democracy, stating, “While I have been at the vanguard of the demand for greater internal democracy and inclusion in the ruling party, I believe it is still not late for our party to change course and move towards greater inclusion and internal democracy.”

SDP Will Not Merge With Other Parties – Gabam

Meanwhile, Gabam reiterated that the ongoing wave of defections to the SDP is part of a broader push to redefine Nigeria’s democracy and ensure better governance for the people.

He dismissed suggestions that the SDP was planning a merger with other opposition parties, saying:

Gabam said, “The SDP is not in alignment with the proponents of a merger of political parties. It is a recipe for chaos. What we are doing is strengthening our structure at the grassroots level.”

He also clarified that El-Rufai’s defection is not necessarily tied to a presidential ambition, stating that all aspirants within the SDP must go through a transparent grassroots process before securing party endorsements.

“The party’s philosophy is entrenched in grassroots democratic participation. Every potential aspirant must go through the process from the grassroots level to prevent imposition,” he said.

The Peoples Democratic Party (PDP) National Deputy Youth Leader, Timothy Osadolor, has described Nasir El-Rufai’s defection to the Social Democratic Party (SDP) as a political miscalculation.

Former governor of Kaduna State, on Monday announced his defection from the All Progressives Congress (APC) to the Social Democratic Party (SDP).

 

Speaking in an interview with Punch, Osadolor argued that a politician of El-Rufai’s stature and influence should have joined the PDP, which he described as the strongest opposition party in Nigeria.

El-Rufai’s Exit Confirms APC’s Internal Crisis – PDP

Osadolor pointed out that El-Rufai’s departure from the APC highlights deep-seated issues within the ruling party.

He said, “El-Rufai’s defection from the APC further confirms the issues within the ruling party. He is a critical stakeholder in Northwest politics.”

He acknowledged that the former Kaduna governor is a strong political strategist and a valuable asset.

The PDP official further stated, “He is a great strategist and a valuable asset that any strong political party would want to have.”

However, Osadolor maintained that El-Rufai made the wrong choice by joining the SDP, arguing that the PDP remains the most credible platform to challenge the APC.

He concluded, “The PDP platform remains the most credible and viable opposition party in Nigeria, with all the necessary reach to challenge the APC.”

 
 

The Pat Utomi-led National Consultative Front (NCFront) has welcomed Nasir El-Rufai back to the opposition, describing him as a strong and influential figure in the ongoing efforts to form a mega coalition ahead of the 2027 general elections.

In its reaction, NCFront’s Director-General, Olawale Okunniyi, hailed El-Rufai’s political experience and coalition-building skills, particularly his role in the formation of the APC, as a valuable asset to the opposition’s strategy.

 

Former governor of Kaduna State, yesterday announced his defection from the All Progressives Congress (APC) to the Social Democratic Party (SDP).

Speaking to Punch, Okunniyi highlighted El-Rufai’s negotiation abilities, northern political influence, and governance experience as critical factors in shaping the opposition’s game plan.

He said, “El-Rufai, coming from the North and being a former governor who previously collaborated with General Muhammadu Buhari, is a significant force. He cannot be underestimated.

“He has successfully built coalitions before, facilitated high-level discussions, and played a vital role in promoting an alternative political platform. His experience makes him a formidable and influential force.”

Opposition Plans To Finalize Coalition By July

Okunniyi revealed that ongoing discussions to select the coalition’s preferred political platform would be finalized by July.

He noted, “The SDP is one of the platforms under consideration, but discussions are still ongoing to determine the most viable option.”

He further stated that El-Rufai’s defection aligns with broader efforts to create a credible alternative to the ruling APC.

According to Okunniyi, “It appears that El-Rufai and others within the APC are working to establish their opposition platform, enabling them to actively engage in the ongoing consultations and discussions aimed at creating a mega coalition party to challenge the ruling party.”

National Political Summit Scheduled For July

Okunniyi disclosed that a national political summit for opposition stakeholders is scheduled for July, where a final decision on the coalition’s platform and structure will be made.

He said, “The decision will be made through a bottom-up approach, ensuring that the chosen party reflects the interests of all involved stakeholders.”

Okunniyi emphasized that the opposition coalition is expected to take shape in the coming months through extensive consultations and consensus-building.

“One certainty is that whichever platform is ultimately chosen must undergo rebranding and restructuring to accommodate the diverse interests involved in these negotiations,” he stated.

While forming a new political party remains an option, Okunniyi noted that the coalition could also adopt an existing opposition party, including Labour Party (LP), Social Democratic Party (SDP), Peoples Democratic Party (PDP), African Democratic Congress (ADC) and New Nigeria People’s Party (NNPP).

He added that the success of this coalition depends on aligning with a credible opposition platform that reflects the interests of all stakeholders.

President Bola Ahmed Tinubu has called on political leaders across the country to channel more resources and policies toward the poor and vulnerable, emphasizing the need for selfless service.

Speaking at an Iftar gathering on Monday night in Abuja, Tinubu hosted governors, members of the Federal Executive Council (FEC), Service Chiefs, and selected Heads of Ministries, Departments, and Agencies (MDAs) at the State House.

 

Addressing his guests, Tinubu urged leaders to work in the interest of the people, stressing that leadership is a responsibility, not a privilege.

I thank you all for responding to this invitation. You honoured it out of respect, not because you don’t have enough to eat or share,” he said, as quoted in a statement by his spokesperson, Bayo Onanuga.

Tinubu highlighted that government efforts are crucial in meeting citizens’ expectations, noting that economic and human development indicators have shown positive improvements.

The President credited economic reforms to the collective efforts of the Federal Executive Council (FEC) and leaders at the subnational level.

I recall in our first FEC meeting, I said we were going to work hard to fetch water from a dry well. We are still working hard to ensure that there is water to drink and that we spend money, not the people.

“You, the leaders at the subnational levels, are also doing all you can to spend money, not the people,” Tinubu stated.

He urged leaders to govern with posterity in mind, ensuring that history remembers them positively.

Look at yourselves as navigators that will bring the country to the promised land. Standing here as President is a great honour, and you can’t trade it.

“Continue doing what you are doing. And do more for the people,” he added.

The Chairman of the Nigeria Governors Forum (NGF) and Governor of Kwara State,Abdulrahman Abdulrazaq, commended Tinubu for his bold and decisive economic reforms.

Similarly, Benue State Governor Hyacinth Alia, who led the Christian prayers, noted the significance of Muslims and Christians fasting simultaneously, calling it a sign of unity.

Minister of Justice and Attorney General of the Federation, Lateef Fagbemi, acknowledged that the prices of goods and foodstuffs have been gradually decreasing, attributing it to Tinubu’s economic policies.

Fagbemi also noted that the reforms had positively impacted livelihoods, praising the President’s courage in implementing tough but necessary decisions.

Dignitaries present at the Iftar dinner include Vice President Kashim Shettima, the Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila and Minister and cabinet members.

Among the state governors in attendance are Dr. Alex Otti of Abia State, Pastor Umo Eno of Akwa Ibom, Bala Mohammed of Bauchi, Hyacinth Alia of Benue , Babagana Zulum of Borno, Sheriff Oborevwori of Delta, Monday Okpebholo of Edo, Muhammad Yahaya of Gombe, Umar Namadi of Jigawa and Uba Sani of Kaduna,

Others are Abba Kabir Yusuf of Kano, Nasir Idris of Kebbi, AbdulRahman AbdulRazaq of Kwara, Abdullahi Sule of Nasarawa, Mohammed Bago of Niger, Dapo Abiodun of Ogun, Lucky Aiyedatiwa of Ondo, Duoye Diri of Bayelsa and Francis Nwifuru of Ebonyi State.

Also in attendance were heads of key government agencies: the Chairman of the National Hajj Commission of Nigeria, Professor Abdullahi Mukhtar Muhammad, the Acting Controller General of the Nigerian Correctional Service, Sylvester Ndidi Nwakuche, the Comptroller General of the Federal Fire Service, Jaji Abdulganiyu, and the Comptroller General of the Nigeria Customs Service, Bashir Adeniyi.

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Abba Kyari and the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed.