Britain’s foreign secretary Truss confirms bid to replace PM Johnson
Published
3 years agoon
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Seun OwopeBritain’s Foreign Secretary Liz Truss announced her bid to become the Conservative party’s new leader on Sunday, making her the tenth contender in the race.
The new Tory leader will replace Prime Minister Boris Johnson, who was forced to step down after dozens of members of government resigned in protest after a series of scandals.
Truss, a senior Cabinet minister widely expected to be a front-runner in the already crowded race, promised to “start cutting taxes from day one” to help with the cost of living.
She joins contenders including trade minister Penny Mordaunt, former health secretaries Sajid Javid and Jeremy Hunt, ex-chancellor Rishi Sunak, his successor Nadhim Zahawi, and Transport Secretary Grant Shapps.
Former minister Kemi Badenoch and senior backbencher Tom Tugendhat have also thrown their hats into the ring.
Truss’s pledge to scrap a controversial national insurance rise which came into effect in April, mirrors that of rival Javid.
It marks a departure from her defence of the policy as a minister in Johnson’s Cabinet, prior to his resignation, when she was bound by collective responsibility to support the move publicly.
The levy was introduced to raise funds for the NHS and social care, but has proved controversial at a time when households are feeling the squeeze from soaring food and energy bills.
Truss argued “it isn’t right to be putting up taxes now”, and as leader she would take “immediate action” to assist with living costs.
She said she would “keep corporation tax competitive” – hinting that she wants to look again at Sunak’s plans to hike the rate in April 2023, but did not go so far as to match some of her fellow contenders’ pledges to scrap the rise entirely.
Truss said she would “get the private sector growing faster than the public sector, with a long-term plan to bring down the size of the state and the tax burden”.
Writing in The Telegraph, she said: “Under my leadership, I would start cutting taxes from day one to take immediate action to help people deal with the cost of living.
“I would reverse the national insurance increase that came in during April, make sure we keep corporation tax competitive so we can attract business and investment into Britain, and put the Covid debt on a longer-term footing.”
Truss said her plan would get the country back on track towards becoming a “high-growth and high-productivity powerhouse”.
“It is built on a clear and longstanding Conservative philosophy, including bold supply-side reform,” she added.
She said she had “led the way” in making the most of Britain’s “new-found freedoms” outside the EU, but insisted “we can go further, whether it is doing more to champion innovation or charting our own course on regulation”.
She said she would bring “clear and decisive leadership” to Downing Street, adding: “Colleagues know I mean what I say and only make promises I can keep. I can be trusted to deliver.”
Truss said the Tories can win the next election, but acknowledged it will be “an uphill battle”.
Earlier, announcing her bid for the top job, Mordaunt said the UK’s leadership “needs to become a little less about the leader and a lot more about the ship”.
Candidates populated the Sunday morning broadcast round, with Hunt, Javid, Shapps and Tugendhat all making appearances to promote their campaigns.
As the race for leader heats up, more Tories have declared their allegiances.
Former Cabinet minister Michael Gove – who was dramatically sacked by Johnson earlier this week – pledged his support for Badenoch, while Work and Pensions Secretary Therese Coffey said she would back Truss.
- Andrea Leadsom, who has contended for the Tory leadership in the past, endorsed Mordaunt.

SPORTS
CAF announces free e-visas for fans attending AFCON Morocco 2025
Published
4 hours agoon
November 14, 2025By
Publisher
The Confederation of African Football and the AFCON Morocco 2025 Local Organising Committee on Friday announced that fans travelling to the tournament will be eligible for free electronic visas.
The policy benefits citizens of countries that normally require a visa to enter Morocco.
“Electronic visas to enter Morocco — obtained through the YALLA app — are now free of charge for supporters attending the competition, which runs from 21 December 2025 to 18 January 2026,” CAF said in a statement on its website.
The governing body said the announcement comes amid growing global demand for Africa’s biggest football event, with more fans booking tickets.
It explained that fans need two documents, a fan identification and an e-visa, to stay in Morocco and enter football stadiums throughout the tournament.
“A Fan ID is mandatory for entry to all stadiums and official Fan Areas. Supporters can apply for both the Fan ID and e-visa in one place inside the YALLA app, streamlining travel and stadium access.
“The Fan ID application and e-visa request are completed seamlessly within the YALLA app, ensuring a faster, easier and secure experience for international visitors and local fans alike,” the statement added.
To apply, fans are urged to download the YALLA app on Google Play or the App Store, or visit the official YALLA website, complete the Fan ID form, and, if required, submit the e-visa request.
Once approved, supporters can purchase match tickets on the CAF ticketing platform.
“The new measures are designed to deliver a seamless, secure fan experience for Africa’s showpiece event that will be played across nine stadiums in six cities,” CAF said.
With Morocco hosting for the first time since 1988, the continent’s biggest football festival returns to North Africa amid high expectations, fierce rivalries, and a new generation of African stars ready to make their mark.
A total of 24 teams are expected to participate.
CBN unveils phased overhaul of fixed income market to boost transparency
Published
1 month agoon
October 3, 2025
The Central Bank of Nigeria (CBN) has announced a phased restructuring of the Nigerian Fixed Income Market as part of sweeping reforms to strengthen transparency, improve efficiency, and reinforce regulatory oversight across the country’s financial ecosystem.
In a circular signed by Okey Umeano, Acting Director of the Financial Markets Department, the apex bank disclosed that it will assume full control of both the settlement process and the trading platform for fixed income transactions beginning November 2025.
According to the CBN, this transition will allow the Bank to manage the trading environment directly while handling end-to-end settlement of fixed income instruments within its established financial market settlement system.
“This transition will enable the CBN to assume direct responsibility for the management of the trading platform and handle end-to-end settlement activities under the Bank’s established settlement system for financial market transactions,” the statement read.
To minimize disruption and ensure market stability, the reform will be implemented in carefully sequenced stages, with active involvement of key market stakeholders, particularly the Financial Markets Dealers Association (FMDA). The milestones for the first phase include:
READ ALSO: Fifth straight inflation drop sparks calls for CBN interest rate reduction
User Acceptance Testing (UAT): Scheduled for the second week of October 2025, to test the proposed settlement infrastructure.
Pilot Phase: A transitional phase to run alongside the current system, ensuring operational stability and user adaptation.
Go-Live 1 (Settlement Process): Full migration of fixed income activities to the new CBN settlement system, starting November 3, 2025.
Go-Live 2 (Trading Platform): Launch of the new CBN-sponsored trading environment for Primary Dealers, Market Makers (PDMM), Pension Fund Administrators (PFAs), and other approved market participants on December 1, 2025.
The apex bank emphasized that the reforms are designed to “strengthen market integrity, streamline operations, and establish a unified regulatory framework that ensures end-to-end visibility and supervisory oversight of fixed income transactions.”
Acknowledging the FMDA’s central role in market development, the CBN called for continued collaboration, stressing that stakeholder input would remain critical throughout the transition.
“We look forward to your continued partnership as we work together to deliver a more efficient, transparent, and resilient fixed income market,” the Bank stated.
The CBN assured participants that the transition would be coordinated to avoid disruptions and would ultimately serve the broader interests of market stability and economic growth.
The overhaul of the fixed income market is the latest in a series of regulatory reforms introduced by the CBN to strengthen Nigeria’s financial system. Just last month, the apex bank directed all Domestic Systemically Important Banks (DSIBs) to adopt early succession planning for Managing Directors/Chief Executive Officers (MD/CEOs) and top executives.
Under that directive, signed by Dr. Rita Sike, Director of the Financial Policy and Regulation Department, DSIBs must secure regulatory approval for the appointment of a successor MD/CEO at least six months before the expiration of the incumbent’s tenure. The move, according to the CBN, is aimed at bolstering corporate governance and reducing leadership uncertainties that could undermine financial stability.
By consolidating oversight of the fixed income market, analysts say the CBN is positioning itself to better support monetary policy transmission, strengthen market resilience, and drive long-term economic growth.
NEWS
Jandor joins 2027 Lagos governorship race, pledges loyalty to Tinubu’s leadership
Published
1 month agoon
October 2, 2025
Olajide Adediran, popularly known as Jandor, has formally announced his intention to contest the 2027 governorship election in Lagos State, this time under the platform of the ruling All Progressives Congress (APC).
Jandor, who was the Peoples Democratic Party (PDP) governorship candidate in the 2023 polls, made the declaration on Wednesday, October 1, 2025, during an Independence Day address in Lagos.
The media entrepreneur-turned-politician emphasized that his ambition remains rooted in the drive to serve the people of Lagos, noting that he is determined to bring new energy into the state’s leadership.
“As for Lagos State, I am offering myself once again to serve. I’m indeed running for the Lagos governorship race in 2027,” he said.
Reflecting on his previous campaign, Jandor recalled the momentum he generated during the 2023 elections, which marked his first major political outing.
READ ALSO: JANDOR pays homage to Olubadan-elect, Oba Rasheed Adewolu Ladoja
He expressed optimism that, with the APC platform and the support of President Bola Ahmed Tinubu, he would be better positioned to actualize his vision for Lagos.
“When it was time for me to truly leave, I came all out, and we took Lagos by storm. Very soon, activities will begin to galvanize support from Mr. President and the party to ensure that whoever picks the APC governorship ticket in Lagos will have a strong run. Let me put this to rest: I am running in 2027,” he declared.
Jandor also used the occasion to openly endorse President Tinubu’s leadership, calling on Lagosians and Nigerians at large to rally behind the President for a second term in 2027.
“President Bola Ahmed Tinubu has proven his capacity to lead this country with vision and courage. I call on Lagosians and Nigerians at large to ensure he gets a second term in 2027 so we can all continue to benefit from his progressive leadership,” Jandor said.
His defection to the APC and fresh declaration are expected to reshape the political landscape in Lagos, setting the stage for what could become a highly competitive race ahead of the 2027 elections.
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