Economy
President Trump To Impose 10% Extra Tariff On Eight EU Countries Over Greenland Rift
President Trump To Impose 10% Extra Tariff On Eight EU Countries Over Greenland Rift
President Trump to impose 10% extra tariff on eight EU countries over Greenland rift. Donald Trump, United States president, has announced plans to impose an additional 10 percent tariff on goods exported to the US from eight European countries, citing the unresolved Greenland saga.
The affected countries are Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Great Britain, nations already dealing with tariffs imposed by Trump in 2025.
Trump said the new tariff would apply to “all or any goods” from the affected countries beginning from February 1.
In a post on Truth Social, the US president said the tariffs will increase to 25 percent in June 1 and the measures would remain until “such time as a Deal is reached for the Complete and Total purchase of Greenland”.
According to the BBC, the announcement is the latest instance of Trump deploying tariffs as a foreign policy tool — a strategy his critics have often described as “weaponising” trade.
Recently, Trump announced a 25 percent tariff on countries trading with Iran as part of a broader effort to pressure the Iranian regime amid ongoing protests.
He has also previously credited tariffs with helping to end conflicts abroad. In November, Trump said he had threatened India and Pakistan with 350 percent tariffs, prompting both countries to return to negotiations.
Other examples cited include additional tariffs on Brazil following the prosecution of former President Jair Bolsonaro, and measures imposed on Canada after Ontario’s premier aired anti-tariff advertisements on television.
Reacting to the announcement, Ed Davey, leader of the UK Liberal Democrats, criticised Keir Starmer, the UK prime minister, over his “US policy” in a post on X on Saturday.
“Starmer’s US policy lies in tatters, Trump is now punishing the UK and Nato allies just for doing the right thing,” he wrote.
“Time for the PM to stand firm against the bully in the White House, and work with European and Commonwealth allies to make him back down from this reckless plan.”
In an earlier post, Davey also condemned Trump’s stance on Greenland, describing it as reckless and warning that the UK’s response mattered.
“Trump has said he wants Greenland, ‘whether they like it or not’. It is totally unhinged behaviour but how we respond matters a lot. I’m glad that Keir Starmer has signed a letter of support for Greenland but to Donald Trump, it’s just a piece of paper,” he said.

President Trump
WHY TRUMP WANTS GREENLAND
Trump has repeatedly insisted that the US needs to acquire Greenland for “national security reasons” and has not ruled out the use of military force.
The BBC reported that while a possible purchase has been floated, Trump said he intends to take control of the island “the easy way” or “the hard way”.
His demands have been rejected by Greenland’s leaders and by Denmark, a Nato member state of which Greenland is a semi-autonomous territory.
Greenland’s strategic position between North America and the Arctic makes it significant for early warning systems against missile attacks and for monitoring maritime activity in the region.
Trump has also warned of threats from rival powers, arguing that “if we don’t take Greenland, Russia or China will take Greenland”.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.
The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.
Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.
He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.
“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly
“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”
Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.
Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.
He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.
Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.
Crime
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.
Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.
Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.
Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.
She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

Access Bank Gets New Board Chair Ifeyinwa Osime
Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.
“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”
Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.
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