The Democratic Republic of Congo will prohibit all cash transactions in foreign currencies starting April 9, 2027, in a bold attempt to revive confidence in the Congolese franc and reassert control over the country’s monetary system.

The government’s decision targets the widespread use of the U.S. dollar, which has dominated daily transactions for decades amid repeated episodes of hyperinflation and chronic distrust in the local currency.

Authorities hope the ban will encourage greater use of the franc, strengthen monetary policy, and reduce dollarization that has long undermined the Central Bank of Congo’s influence.

“This measure is essential to restore the sovereignty of our currency and stabilize our economy,” a government spokesperson said. “For too long, the dollar has operated as a parallel currency, limiting our ability to manage inflation and economic policy.”

The DRC’s economy remains overwhelmingly cash-based, with more than 100 million people relying heavily on physical money for everyday transactions. While mobile money platforms like M-Pesa have grown in urban areas, large parts of the vast country especially rural regions and the mineral-rich east, still function almost entirely on cash.Economists warn that success will hinge on rigorous enforcement.

Past attempts to curb dollar use have had limited impact due to weak institutions, porous borders, and the practical difficulties of policing transactions in remote areas. Businesses and individuals may resist the change if they continue to prefer the stability and wider acceptance of the dollar.

The move comes as the government seeks to rebuild trust after years of economic turbulence. High inflation, political instability, and heavy reliance on commodity exports have historically eroded confidence in the franc. By forcing a shift back to the local currency for cash deals, officials aim to gradually reduce dollar dominance in pricing, contracts, and savings.

Implementation details, including penalties for violations and support measures for businesses and citizens, are expected to be announced in the coming months. The Central Bank has indicated it will ramp up production and distribution of higher-quality franc notes to meet anticipated demand.

Whether this ambitious policy can succeed where previous efforts fell short will be one of the most closely watched economic experiments in Africa in 2027. For a nation of over 100 million striving for greater financial independence, the stakes could hardly be higher.

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The Dangote Group has dismissed as false a viral claim alleging that the administration of President Bola Ahmed Tinubu earns revenue from every bag of cement sold in the country.

The claim, circulated in a Facebook post and attributed to Africa’s richest man, Aliko Dangote, stated: “Tinubu’s government takes 52k from every N1 on cement. That is, N6,240 from every bag of cement. And they are still borrowing, what are they doing with the money?”

Reacting on Wednesday, the company shared a screenshot of the post on X and labelled it “Fake,” without further comment.

The rebuttal comes amid growing misinformation on social media and proliferating abuse of AI generated videos and images for political narratives.

Meanwhile, Dangote has been named in the 2026 TIME100 list of the world’s most influential people, released by TIME Magazine on Wednesday.

The annual list features global figures across politics, business, technology and culture, including U.S. President Donald Trump, Chinese President Xi Jinping, Israeli Prime Minister Benjamin Netanyahu, Canadian Prime Minister Mark Carney and Pope Leo XIV.

According to the News Agency of Nigeria (NAN), Dangote is the only Nigerian on the 2026 list and appears in the “Titans” category.

This marks his second appearance on the TIME100 list, having first been recognised in 2014 for his contributions to business and philanthropy.

TIME highlighted Dangote’s role in advancing industrialisation in Africa through investments in cement, agriculture, food processing, infrastructure and energy, as well as his focus on building globally competitive industries using local resources.

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Former Vice-President Atiku Abubakar has said the 2027 general election will be his last attempt at the Presidency.

Atiku disclosed this on Wednesday in an interview on Arise
TV.

“This (2027) will be my last shot. The stakes are higher, because I believe that would be my last chance,” Atiku said.

Atiku had contested the presidential election several times but failed.

He was the presidential candidate of the Peoples Democratic Party, PDP, in the 2023 general elections.

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A federal high court sitting in Ikoyi has discharged Pretty Mike, the nightclub owner, and club supervisor Joachim Hillary, ruling that the National Drug Law Enforcement Agency (NDLEA) failed to prove a prima facie case
against them.

Ambrose Lewis-Alagoa, the judge, upheld the defendants’ no-case submission on Wednesday, effectively terminating the drug-related prosecution at the preliminary stage.

The duo faced charges including conspiracy, unlawful possession of hard drugs, and permitting illicit drug activities at Pretty Mike’s Proxy Lagos nightclub in Victoria Island.

The NDLEA claimed that during an October 26 raid on the club, officers recovered 169 cylinders of nitrous oxide (laughing gas) weighing 384.662 kilograms, plus 200 grams of cannabis sativa.

The agency alleged the substances were destined for an illegal drug party and sought forfeiture of the club as an “instrumentality of crime”.

Chikaosolu Ojukwu (SAN), the lead defence counsel, however, filed a no-case submission, arguing that prosecutors presented no credible or admissible evidence directly linking his clients to the alleged offences.

He contended that the evidence led was weak, inconsistent, and insufficient in law to warrant the defendants being called upon to open their defence.

According to him, mere suspicion or circumstantial assertions without clear evidential linkage could not sustain a criminal charge.

The defence further argued that the prosecution failed to establish ownership, control, or knowledge of the alleged substances by the defendants, thereby falling short of the legal threshold required to prove criminal liability.

In his ruling, Alagoa agreed with the defence, holding that the prosecution’s evidence did not meet the minimum standard required to sustain the charges.

The judge thereafter upheld the no-case submission and discharged both Pretty Mike and Hillary without calling on them to enter their defence.

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Nigeria’s total public debt rose to ₦159.28 trillion as of December 31, 2025, according to the latest figures released by the Debt Management Office (DMO) on Tuesday.

The debt stock increased by ₦5.99 trillion from ₦153.29 trillion recorded at the end of September 2025, representing a quarterly rise of approximately 3.9%.

On a year-on-year basis, the public debt grew by ₦14.61 trillion or 10.1% from ₦144.67 trillion in December 2024.

The increase is attributed to fresh domestic and external borrowings during the period. The DMO noted that the December 2025 figures are provisional, with naira conversions based on the Central Bank of Nigeria’s official exchange rate.

This latest surge brings Nigeria’s total public debt close to the ₦160 trillion mark, highlighting the continued reliance on borrowing to finance government operations and projects.

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Governor of Benue State, Rev. Fr. Hyacinth Alia, has awarded a total of N151.2 million to 30 recently promoted security officers attached to the Government House in Makurdi.

The governor announced that 26 male officers received N5 million each, while four female officers got N5.3 million apiece.

He made the announcement shortly after decorating the officers at the Old Banquet Hall of Government House.

Alia described the cash award as a demonstration of his administration’s commitment to fairness, inclusiveness, and recognition of excellence in the security sector.

“This rare and first-of-its-kind gesture is in recognition of their dedication and exemplary service to the state,” the governor said through his Principal Special Assistant on Print Media, Donald Kumun.

He charged the promoted officers to justify their new ranks by displaying higher levels of discipline, professionalism, and commitment to protecting lives and property.

The breakdown of the promotions includes:

22 Police officers elevated from Inspector to Assistant Superintendent of Police (ASP); one Nigeria Security and Civil Defence Corps officer promoted to Assistant Superintendent of Corps I; two to Corps Assistant I; three State Fire Service officers to Assistant Superintendent of Fire I; one to Assistant Superintendent of Fire II; and one Federal Road Safety Corps officer to Road Marshal Assistant I.

This latest award brings the total amount disbursed by Governor Alia to Government House security personnel to N316.2 million, following an earlier reward of N5 million each to 33 officers.

The governor assured continued collaboration with all security agencies in the state and pledged policies aimed at improving their welfare.

He also appealed to the families of the officers to continue providing moral support.

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President Bola Ahmed Tinubu has stressed that Nigeria’s future will be shaped not by rhetoric, but by deliberate actions, strong institutions, and sustained discipline.

The President made the remarks while commissioning the newly completed NRS building, where he stated the importance of consistency, courage, and collective resolve in national development.

“History will not judge us by what we said but by what we build, the institutions we strengthened and the discipline we sustain,” Tinubu said.

He added that the task of national renewal requires more than just promises, noting that progress must be based on concrete efforts and unity of purpose.

“The work of national renewal demands consistency, courage, and collective resolve. Nigeria’s future will not be determined by chance; it will be determined by the choices we all make together,” he stated

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The Supreme Court has scheduled April 22, 2026, to hear the appeal filed by Senator David Mark, National Chairman of the African Democratic Congress (ADC), in the ongoing leadership crisis rocking the party.

A five-member panel led by Justice Lawal Garba fixed the date after all parties adopted their processes in the appeal marked SC/CV/180/2026.

Mark is seeking an order to stay the execution of the Court of Appeal’s judgment delivered on March 12, 2026, which had dismissed his earlier appeal.

The dispute stems from a ruling by Justice Emeka Nwite of the Federal High Court in Abuja on September 4, 2025, which refused some injunctive reliefs sought by Nafiu Bala Gombe, a former deputy national chairman of the ADC.

In the March 12 judgment, the Court of Appeal upheld objections that Mark’s appeal was incompetent.

The apex court’s decision on April 22 is expected to provide clarity on the leadership of the ADC ahead of future political activities.

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