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US – Iran truce: What we know

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The United States and Iran agreed to a two-week ceasefire on Tuesday in an 11th-hour bid to avert all-out destruction threatened by US President Donald Trump.

Here’s what we know about the truce between two countries, which are set to begin negotiations but remain poles apart in their positions on ending the war:

– What has the US said about the truce? –

Trump told AFP the ceasefire deal was a “total and complete victory” for Washington.

The US will suspend attacks on Iran for two weeks, and Tehran will in turn temporarily reopen the Strait of Hormuz, a vital global oil thoroughfare, according to Washington.

Tehran agreed to the “COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz,” Trump said in a Truth Social post.

The US president said the agreement was reached after he spoke to leaders in Pakistan, which has played a key role in mediating the war launched by the US and Israel on February 28.

Trump also told AFP that Iran’s enriched uranium would be “perfectly taken care of” under the two-week truce.

He has justified the war by accusing Tehran of enriching uranium with the aim of building an atomic weapon, an assertion not backed by the UN nuclear watchdog and which Iran has denied.

The US in a previous plan to end hostilities — which Tehran did not agree to — demanded Iran stop further enrichment, agree to limits on its missile program and cease support for militant groups in the region.

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Those requirements have not been detailed in the latest truce.

Trump has been inconsistent in his conditions for ending fighting, regularly backtracking from hardline demands.

Last month, the US leader said Iran’s “unconditional surrender” would be the only acceptable outcome to end the war.

– What is Iran saying? –

Iranian Foreign Minister Abbas Araghchi confirmed that Tehran would allow safe passage for two weeks through the Strait of Hormuz, through which one-fifth of the world’s oil passes.

Iran has proposed a 10-point plan for securing an end to the war, which Trump said was “workable”.

While the plan could form the basis of potential negotiations later this week, it includes several sticking points which Washington has previously said were unfeasible.

The plan would require “continued Iranian control over the Strait of Hormuz, acceptance of enrichment, lifting of all primary and secondary sanctions,” according to a statement released by the Islamic republic.

While the uranium enrichment demand was not included in Tehran’s English-language statement shared by the UN, it was part of the Farsi release circulated by Iranian state media.

Other demands include: US military withdrawal from the Middle East, an end to attacks on Iran and its allies, the release of frozen Iranian assets and a UN Security Council resolution making the deal binding.

– What has Israel agreed to? –

Israel said it supported Trump’s decision to suspend his bombing of Iran, but maintained the ceasefire “does not include Lebanon.”

Israel has been battling Iran-backed Hezbollah since the group launched rocket fire at Israel in March.

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Israel’s subsequent retaliation has led to more than 1,500 deaths, according to Lebanese authorities.

The comments contradicted an earlier statement from Pakistan’s Prime Minister Shehbaz Sharif that said the deal covered “everywhere including Lebanon.”

– What next? –

Sharif said the ceasefire would start immediately, and the capital Islamabad would host delegates from both countries for talks due to begin on Friday.

The talks would be aimed at reaching a “conclusive agreement,” he said.

Iran said it would allocate two weeks for the negotiations.

The White House was considering talks in Pakistan but plans were not finalized, Press Secretary Karoline Leavitt said.

Oil plunged on Wednesday after the announcement that the Strait of Hormuz would reopen under the truce, with global oil and gas supplies squeezed since Iran effectively closed the passage.

Unblocking the strait could provide temporary relief to countries that rely on oil imports.

AFP

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Reps quiz DMO, TCN over N54.57tn borrowing, N446.7bn debt

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The House of Representatives Public Accounts Committee will question senior officials of the Debt Management Office and the Transmission Company of Nigeria on Monday and Tuesday over queries raised in the 2024 Auditor-General for the Federation’s report.

The invitations form part of the committee’s ongoing efforts to enforce financial accountability among Ministries, Departments and Agencies of the Federal Government and ensure that public institutions comply with established financial regulations.

The committee, chaired by Bamidele Salam, who represents Ede North/Ede South/Ejigbo/Egbedore Federal Constituency of Osun State, is expected to examine alleged irregularities involving government borrowing and the recovery of outstanding debts owed to the Federal Government.

A notice of invitation dated September 29, 2026, cited by The PUNCH, directed the two agencies to submit “all requested documents to the committee’s secretariat in Hearing Room 4, White House, House of Representatives, at least 72 hours before their scheduled appearances.”

The notice also required “the accounting officers and relevant subject matter experts of both agencies to attend the hearings at 1 pm in Hearing Room 446.”

The DMO is expected to explain its alleged failure to comply with borrowing estimates contained in five Appropriation Acts covering the 2020 to 2024 fiscal years.

According to the Auditor-General for the Federation’s Annual Report on Non-compliance and Internal Control Weaknesses in MDAs for the year ended December 31, 2024, the agency allegedly exceeded approved borrowing limits by N54.57tn during the five years.

The report stated that the DMO contracted fresh domestic and foreign loans totalling N88.67tn, against N34.89tn provided for debt financing in the Federal Government’s approved budgets over the same period.

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The difference between the reported borrowing figure and the budgeted amount raises questions about compliance with legislative approvals and the procedures governing government borrowing.

The committee is expected to seek explanations from the agency on the circumstances surrounding the reported discrepancy and the measures taken to ensure that borrowing activities comply with approved fiscal plans.

The DMO is responsible for managing Nigeria’s public debt, including domestic and external borrowing, debt servicing and the implementation of government debt-management policies. Its activities are central to the Federal Government’s financing arrangements and the management of the country’s debt obligations.

The Transmission Company of Nigeria, on its part, is expected to account for its alleged failure to recover N446.70bn out of N882.75bn owed to the Federal Government by various public agencies and institutions.

The amount in question represents outstanding obligations reportedly owed by public entities, with the committee expected to seek clarification on the recovery efforts made by TCN and the reasons for the unpaid balance.

The hearing comes amid continuing concerns over the management of public resources, compliance with financial regulations and the recovery of government funds tied up in outstanding debts.

Salam, an Accord chieftain, has repeatedly cautioned public institutions against treating legislative summons with levity, warning that the National Assembly has constitutional powers to investigate matters relating to public expenditure and the management of government funds.

Sections 88 and 89 of the 1999 Constitution, as amended, empower the National Assembly and its committees to conduct investigations within their constitutional mandate and summon persons to provide evidence or produce relevant documents.

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The Public Accounts Committee examines reports submitted by the Auditor-General for the Federation, scrutinising public accounts and investigating cases of alleged financial irregularities, non-compliance with regulations and weaknesses in internal controls.

Its work is intended to strengthen oversight of public spending, ensure that government agencies account for the use of public funds and recommend appropriate action where breaches are established.

The committee has also recorded financial recoveries for the Federal Government from oil companies, MDAs and government-owned enterprises over the past two years.

However, its oversight activities have occasionally been complicated by the failure of some institutions to honour invitations.

Last week, the Nigerian National Petroleum Company Limited and the Independent National Electoral Commission reportedly failed to honour the committee’s summons, prompting speculation about possible legislative measures to compel their appearance at a later date.

The scheduled hearings involving the DMO and TCN will provide the committee an opportunity to obtain explanations from the agencies and determine what further action may be necessary in response to the audit findings.

Source: punchng.com

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Xenophobia: 111 more Nigerians return from South Africa

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The Federal Government has evacuated another batch of 111 distressed Nigerians from South Africa amid concerns over xenophobic and Afrophobic attacks in the country.

The returnees, comprising 44 men, 23 women and 44 children, arrived in Lagos aboard South African Airways Flight SA060 on Thursday, October 8, 2026.

The Ministry of Foreign Affairs disclosed this in a statement signed by its spokesperson, Oluwafemi Adeniyi, on Sunday.

The ministry said the returnees were received by officials of the ministry, the Nigerians in Diaspora Commission, the National Agency for the Prohibition of Trafficking in Persons, the National Emergency Management Agency and other relevant Federal Government agencies.

According to the statement, the evacuation was fully funded by the $265,854 donation made by the Redeemed Christian Church of God to support the evacuation of 500 distressed Nigerians from South Africa.

“The arrival of the returnees brings the total number of consular evacuations conducted from South Africa to 15 since the commencement of the ongoing evacuation exercise on 10th June, 2026,” the statement said.

It added that the latest evacuation brought the cumulative number of Nigerians evacuated from South Africa to 2,037, including 1,388 whose repatriation costs were fully covered by the Federal Government.

The ministry disclosed that 318 Nigerians had so far benefited from the RCCG-funded evacuation, leaving 182 more to be repatriated under the church’s commitment.

It said, “With the successful evacuation of this RCCG-funded batch, a total of 318 Nigerian nationals have had their one-way tickets funded by the church. Therefore, 182 more nationals are expected to be repatriated under RCCG’s commitment to fund 500 one-way tickets.”

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The Federal Government expressed appreciation to the RCCG, under the leadership of its General Overseer, Pastor Enoch Adeboye, for its financial support towards the evacuation of distressed Nigerians.

It also reaffirmed its commitment to engaging the South African authorities and other stakeholders to address xenophobia and Afrophobia in the country.

“The Federal Government remains committed to engaging relevant stakeholders, including authorities of South Africa, to address Xenophobia and Afrophobia in the country, and promote the welfare, safety and dignity of Nigerians residing there,” the statement added.

The ministry advised Nigerians living in South Africa to comply with local laws, remain vigilant and prioritise their safety.

It urged them to maintain contact with the Nigerian High Commission in Pretoria and the Consulate General in Johannesburg for consular assistance whenever necessary.

 

 

“The Federal Government remains steadfast in its commitment to providing timely consular support to Nigerians in the diaspora and safeguarding their welfare and well-being,” the statement said.

Source: punchng.com

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Edo: Midnight Fire Destroys 7 Shops, Goods Lost

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A midnight fire has destroyed seven shops and an undisclosed quantity of goods along Amen Owie Street, opposite Delano Hotels, off Second Ugbor Road, Abuja Quarters, in Benin City, Edo State.

The fire reportedly broke out at about 3am on Sunday, leaving shop owners with significant losses. No lives were lost.

Some of the affected traders, who confirmed the incident in interviews, said they were alerted by neighbours who called them after the fire started.

The traders suspected that the fire might have been caused by an electrical appliance allegedly left on in one of the shops after the owner closed late for the day.

They also said the incident occurred after the Benin Electricity Distribution Company (BEDC) restored electricity to the area.

However, the cause of the fire has yet to be officially established.

Residents reportedly rushed to the scene and forced open the doors of some shops to evacuate valuables in an effort to minimise losses.

Their intervention also helped prevent the fire from spreading to other parts of the neighbourhood, although seven shops were affected.

The shop owners said attempts to get the Edo State Fire Service to the scene proved difficult because of the time the incident occurred.

The quantity and value of the goods destroyed have yet to be determined.

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