News
European stocks extend losses on fear of virus pandemic

European stock markets fell further on Tuesday but declines in midday trading were far less than during a major sell-off a day earlier.
Fashola urges top ministry officials to work as team
World equities suffered dizzying declines Monday, sparked by fears that the COVID-19 outbreak could derail the global economy.
More deaths and a surge in new coronavirus cases in Iran, Italy, Japan and South Korea has fanned fears of a pandemic.
Tokyo’s main stocks index closed Tuesday with a hefty 3.3-percent loss as traders caught up with global markets after a Japanese public holiday Monday.
Other Asian equity markets recovered a bit meanwhile, with increases in Hong Kong and Seoul.
After rebounding early on Tuesday, major European markets then headed lower once again, although with much less momentum compared with their losses of between 3.0 and 4.0 percent the day before.
– ‘Positive mood not short-lived’ –
“Equity markets in Europe enjoyed a rebound in early trading in the wake of yesterday’s bloodbath of a session, but the positive move was short-lived,” said CMC Markets UK analyst David Madden.
“The brutal losses endured yesterday coaxed a few buyers out of the woodwork, but given that equity benchmarks are back in the red suggests that sentiment is still sour.
“The coronavirus crisis in Italy remains at the forefront of traders’ minds,” Madden added.
Italy has seen a serious jump in cases — from six to 229 since Friday — and now has the biggest number of confirmed infections in Europe.
News at the weekend that COVID-19 was now spreading and claiming lives far beyond China sparked Monday’s market rout, with Wall Street’s Dow index suffering its worst day in two years.
The rapid spread abroad came as the World Health Organization said the epidemic had peaked at its epicentre in China, where it has killed more than 2,600 people and infected more than 77,000 others.
But the situation has worsened elsewhere with nearly 2,700 other cases and more than 40 deaths globally, prompting restrictions on travellers from infected nations, the cancellation of football matches and national efforts to isolate suspected carriers.
“What was largely a Chinese issue to resolve has soon become an international problem, with European eyes transfixed on Italian efforts to curb the spread of the virus,” IG analyst Joshua Mahony said.
“Fears over a potential coronavirus contagion throughout Europe is likely to provide substantial risk-off sentiment for days and weeks to come, with significant pressure on the Italians to stop this outbreak from spreading throughout the continent.”
Italian Prime Minister Giuseppe Conte blamed the management of a hospital in northern Italy for an outbreak there.
Elsewhere Tuesday, haven investment gold slid after hitting a seven-year high on Monday.
Oil prices, which tanked by around 3.8 percent on Monday, remained in negative territory owing to concerns that the global economy would require less crude in the days and weeks to come.
– Key figures around 1215 GMT –
London – FTSE 100: DOWN 0.7 percent at 7,103.80 points
Frankfurt – DAX 30: DOWN 0.5 percent at 12,974.07
Paris – CAC 40: DOWN 0.6 percent at 5,756.01
Milan – FTSE Mib: DOWN 0.6 percent at 23,293.34
Madrid – IBEX 35: DOWN 1.1 percent at 9,379.00
EURO STOXX 50: DOWN 0.7 percent at 3,621.61
Tokyo – Nikkei 225: DOWN 3.3 percent at 22,605.41 (close)
Hong Kong – Hang Seng: UP 0.3 percent at 26,893.23 (close)
Shanghai – Composite: DOWN 0.6 percent at 3013.05 (close)
New York – Dow: DOWN 3.6 percent at 27,960.80 (close)
Euro/dollar: DOWN at $1.0834 from $1.0854
Pound/dollar: UP at $1.2965 from $1.2924
Euro/pound: DOWN at 83.54 pence from 83.98 pence
Dollar/yen: DOWN at 110.53 from 110.72
Gold: DOWN at $1,655.59 per ounce from $1,659.38 late on Monday
Brent Crude: DOWN 0.3 percent at $55.60 per barrel
West Texas Intermediate: DOWN 0.1 percent at $51.33
Defence/Security
Banditry: Rep member condemns attack on Kwara community

Stephen Olufemi Oni, Ilorin
The Member representing Ekiti/Isin/Irepodun/Oke-Ero Federal Constituency in the National Assembly, Hon. Raheem Tunji Olawuyi Ajuloopin, has strongly condemned the recent attack in Idofin Odo-Ashe, Oke-Ero Local Government Area of Kwara State, describing it as a cowardly act that seeks to disrupt the peace and stability of the community.
Hon. Ajuloopin, in a statement personally signed by him, expressed deep concern over the unfortunate incident and sympathised with the victims, their families, and the entire community affected by the dastardly attack, emphasising that acts of violence have no place in a civilised society, and therefore urged security agencies to intensify efforts in bringing the perpetrators to justice.
While commending the swift response of both the federal and Kwara State governments, as well as the security agencies and local vigilante groups, the lawmaker reiterated that the fight against insecurity requires collective responsibility, calling on traditional rulers, community leaders, and residents to remain vigilant and cooperate fully with security operatives by providing timely and credible information.
“Security is everyone’s business. We cannot afford to leave the safety of our communities solely to government agencies. Every citizen must be actively involved in safeguarding our environment and ensuring that peace prevails,” Hon. Ajuloopin admonished.
He reaffirmed his commitment to continued collaboration with relevant authorities to ensure that lasting peace in all parts of Kwara South and beyond.
Hon. Ajuloopin also appealed for calm, assuring that both the federal and state governments are working tirelessly to address the root causes of insecurity and prevent future occurrences.
End
News
Governor Namadi Attends High profile Ministerial Meeting On Self-Sufficiency In Cairo

From Hassan Taiye
Governor Umar Namadi is currently in Cairo,Arab Republic of Egypt, attending the Third High-Level Ministerial Meeting on Rice Self-Sufficiency, holding from October 7th to 9th, 2025, in Cairo and Sakha.
The meeting, themed “Towards Rice-Based Agri-Food Systems Transformation and Delivering on Rice Self-Sufficiency through Peer-to-Peer Learning: The Case of the Arab Republic of Egypt,” is jointly organized by the Egyptian Ministry of Agriculture and Land Reclamation, AfricaRice, the Arab Organization for Agricultural Development (AOAD), and other key continental partners.
This high-level gathering brings together African Ministers of Agriculture, State Governors, and agricultural leaders to share practical experiences on achieving rice self-sufficiency and agricultural transformation.
The event will showcase Egypt’s remarkable progress in achieving rice self-sufficiency despite its limited water and land resources, offering valuable lessons adaptable to other African contexts.
Namadi is participating alongside top policymakers, agricultural experts, and private sector players from across Africa to discuss innovations, policy reforms, and strategic investments aimed at strengthening food security and transforming the agricultural sector on the continent.
Over the three-day programme, delegates will engage in high-level ministerial sessions, technical discussions, and a field visit to Egypt’s renowned Rice Research and Training Centre (RRTC) in Sakha.
During the visit, participants will interact directly with Egyptian scientists and farmers to learn about the country’s advancements in high-yield rice varieties, efficient irrigation systems, and modern post-harvest technologies.
Jigawa State’s participation in this important forum underscores the state’s commitment to agricultural transformation, food self-sufficiency, and consolidating Jigawa’s position as one of Nigeria’s leading hubs for rice production and agribusiness development.
The meeting is expected to conclude with a Ministerial Declaration setting a continental roadmap for achieving rice self-sufficiency through collaborative research, policy coordination, and targeted investment across the rice value chain.
Governor Namadi is accompanied by senior officials from the Jigawa State Ministry of Agriculture and related agencies.
News
There’s Political Genocide Against Christians in Northern Nigeria – Aisha Yesufu

By: Fabian Apechihin
Sociopolitical activist Aisha Yesufu has accused Nigerian political leaders of perpetuating what she described as a “political genocide” against Christians in Northern Nigeria.
Yesufu made the remark on Tuesday in response to American comedian and TV host Bill Maher, who recently alleged that Nigerian Christians are facing coordinated attacks.
Maher, speaking on his HBO show, said, “I’m not a Christian, but they are systematically killing Christians in Nigeria. They’ve killed over 100,000 since 2009 and burned 18,000 churches. These are the Islamists, Boko Haram.”
Reacting via her X handle, Yesufu criticized what she called hypocrisy among Nigerian politicians who express concern over Christian persecution yet supported the Muslim-Muslim presidential ticket during the 2023 elections.
“You are shouting that Northern Christians are being persecuted, but you championed a Muslim-Muslim ticket! Their Christianity was not Christian enough for you during the 2023 election,” she wrote.
She concluded by calling for greater attention to what she termed the “political genocide” against Northern Christians, urging consistency in both words and actions when addressing religious and political marginalization in Nigeria.
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