Niger Financial News

Mutinous soldiers in the African nation of Niger claim to have overthrown the democratically elected president, announcing on state television that they have put an end to the government over the country’s deteriorating security

Niger government on Wednesday following an apparent coup in the fragile state. Disgruntled members of the elite Presidential Guard sealed off access to President Mohamed Bazoum's residence and offices in the capital Niamey, and after talks broke down «refused to release» him, a presidential source said.

Niger's President Mohamed Bazoum inside the presidential palace in the capital, Niamey. The situation has caused alarm as military vehicles have blocked off access to the palace since Wednesday morning. The detention comes in the wake of an «anti-Republican demonstration» by disgruntled members of the Presidential Guard. Talks between the authorities and the disgruntled guard members broke down, leading to their refusal to release President Bazoum. As a response, the army issued an «ultimatum» to the guard, further escalating tensions within the nation. President Bazoum's official Twitter account confirmed the situation, stating that he and his family were safe. The post also mentioned that the army and national guard were prepared to take action if the situation did not de-escalate.

President Mohamed Bazoum is being held inside the Presidential palace by Niger's presidential guards in the capital. The Presidential palace and the ministries closer to it have been blocked off by the soldiers.

Germany is ready to become a leader on European security and must become the "best equipped armed force" in Europe, Chancellor Olaf Scholz said on Friday.

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