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NBC News has confirmed that Egyptian President Hosni Mubarak will address the nation tonight and will will offer an unspecified “good solution.”

Unconfirmed reports have revealed that Mubarak will tell the nation that he is not running for re-election .

Hundreds of thousands of Egyptians remained in central Cairo on Tuesday evening, awaiting Mubarak’s speech in which they expect him to say he would not seek another term in office.

Demonstrators were taking part in the largest demonstration yet, demanding reform and the immediate ousting of President Hosny Mubarak, in street scenes that were rocking the country on the eighth consecutive day of protests.

The president, who has ruled the country for 30 years, had previously said that he would serve until his ‘last breath.’

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