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Tension Eases as Trump Declares “Complete and Total” Israel-Iran Ceasefire
After nearly two weeks of rising clashes between Israel and Iran, former U.S. President Donald Trump has announced what he called a “complete and total” ceasefire between both countries. He made the declaration on Monday evening, saying the agreement would officially take effect within 24 hours. This announcement follows a chaotic period that saw the U.S. launching heavy airstrikes on Iranian nuclear sites, while Iran fired missiles at Al Udeid Air Base in Qatar, a location used by U.S. forces.
While Trump shows his confidence in the ceasefire deal, things on the ground suggest otherwise. Iranian officials quickly denied agreeing to any formal truce. Their foreign ministry did hint, however, that they might reduce military action; but only if Israel also holds back.
Israel, on the other hand, claimed they picked up fresh missile launches from Iranian territory shortly after the ceasefire was announced. In response, Israel reportedly prepared new airstrikes, though Iran denied any fresh attacks from their side.
International observers say the situation remains very fragile. There’s still no clear written agreement detailing how both sides will back down, especially concerning Iran’s nuclear activities, which was the cause of the dispute.
The news of the ceasefire brought quick reactions from the global economy. Oil prices dropped sharply, sliding more than 3% as traders relaxed over possible disruptions in the Middle East, especially around the vital Strait of Hormuz, a key route for global oil supplies. Stock markets also rallied. U.S. futures climbed nearly 1%, while Gulf country’s financial markets bounced back by up to 3%. European and Asian stocks posted gains as well, as investors bet on lower risks in the region. Meanwhile, gold prices and U.S. treasury yields dropped, and the dollar weakened, signaling that traders are betting central banks
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‘He Was a Giant’ — President Tinubu Mourns Veteran Actor Olu Jacobs
President Bola Ahmed Tinubu has paid tribute to late Nigerian actor Olu Jacobs, recalling his contributions to the creative industry and his impact on Nigeria’s cultural identity.
In his tribute, Tinubu described Jacobs as a giant of the Nigerian creative industry and said “He was a giant of the Nigerian creative industry. His passing is a great loss to Nigeria, the African film industry and the global community of lovers of the performing arts. His remarkable body of work will continue to speak to generations yet unborn.
“The nation recognises the enormous contributions of Nigeria’s creative practitioners to the country’s cultural identity, global image and economic development. Olu Jacobs played a big role in creating this identity.”
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Deji Adeyanju Demands Action From Tinubu Over Counterfeit Products
Human rights lawyer and activist Deji Adeyanju has called on President Bola Ahmed Tinubu to declare a state of emergency over the proliferation of counterfeit and substandard drugs and consumer products in Nigeria.
Adeyanju also called for the removal of the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Professor Mojisola Adeyeye, as well as the heads of other regulatory agencies, including the Standards Organisation of Nigeria (SON).
“Nigerians are being exposed to dangerous products daily, from fake and substandard medicines to unsafe consumer goods, with reports of drugs being sold wholesale in the open under the hot sun. No responsible government should expose its citizens to such risks and expect mortality rates not to rise.”
Adeyanju also called out NAFDAC over what he described as failures in regulating the circulation of counterfeit and substandard products in the country.
It can be noted that various counterfeit products continue to circulate in Nigerian markets, while NAFDAC has also reported seizures and destruction of counterfeit, expired and substandard products.
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‘Two Hours on the Road’ — Lagosians Groan Over Kara Bridge Traffic
Lagosians have lamented heavy traffic caused by ongoing construction work at Kara Bridge along the Lagos-Ibadan Expressway.
The Federal Government announced that repairs on the damaged expansion joints at Kara Bridge would begin on September 8, 2026. The project, initially scheduled to begin in August, was delayed to allow further traffic management planning due to concerns over its impact on motorists.
Since work began, traffic around the Kara area has become heavy, with Lagosians sharing updates on social media about spending two hours or more on the road.
Some commuters say the delays have made their 9-to-5 routines difficult, with several hours spent travelling to and from work.
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