State Police: The Senate has promised to complete the amendment of the 1999 Constitution to allow the creation of state police before the end of 2026. President Bola Tinubu has urged lawmakers to expedite the process, citing the need to tackle insecurity challenges.
Electoral Act 2026: The Independent National Electoral Commission (INEC) is reviewing its regulations and guidelines for political parties to align with the Electoral Act 2026. The Act introduces major changes affecting party administration and compliance obligations.
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IMN Protest: Members of the Islamic Movement in Nigeria (IMN) protested in Kano and Niger State over the reported killing of Iran’s Supreme Leader, Ali Khamenei.
State Police Bill: The bill proposes a sweeping reconfiguration of Nigeria’s security architecture, with states creating their own police commands and the federal government maintaining oversight.
Electoral Act Controversy: Opposition parties have vowed to challenge the Act in court, citing concerns over manual transmission of results and restrictions on party primaries.
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Security Challenges: Nigeria faces escalating insecurity, including kidnappings, bandit attacks, and farmer-herder conflicts, prompting calls for decentralised policing.
Iran-US Conflict Affects Nigerian Flights: Thousands of Nigerian air travelers are stranded at international airports due to flight cancellations by major carriers like Qatar Airways, Emirates, and Air France following escalating tensions between the US, Israel, and Iran.
Dangote Cement Reports N4.31trn Revenue: Dangote Cement has reported a 20.3% revenue growth to N4.31 trillion for the year ended December 31, 2025.
Gombe to Power 52 Towns with Solar Energy: Gombe State plans to power 52 towns with solar energy after a 10-year blackout.
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APC: The All Progressives Congress has reopened its e-registration portal for members, following consultations among key stakeholders. The party is gearing up for the 2027 general elections.
PDP: The Peoples Democratic Party has launched nationwide digital membership registration, which will last for three weeks. This is part of efforts to comply with the Electoral Act ahead of the 2027 elections.
Labour Party: The Labour Party has formed an alliance with the Action Democratic Party (ADP) to adopt consensus candidates for future elections. The alliance aims to strengthen opposition politics and improve governance outcomes.
ADC: The African Democratic Congress has also launched free nationwide online membership registration. The party is objecting to certain provisions of the Electoral Act 2026, which it claims give an undue advantage to the ruling party.
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Electoral Act 2026: The Act has been signed into law, but opposition parties are objecting to some provisions, claiming they favor the ruling party.
2027 Elections: The Independent National Electoral Commission (INEC) has announced new dates for the elections: January 16, 2027, for Presidential and National Assembly elections, and February 6, 2027, for governorship and state Houses of Assembly elections.
Africa News
Somalia Hunger Crisis: The number of people facing crisis-level hunger in Somalia has nearly doubled to 6.5 million, according to UN experts.
Sudan Conflict: The UN Security Council has announced new sanctions on four leaders of the Rapid Support Forces (RSF) for their actions in Sudan’s civil war.
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Nigeria’s Grid Capacity: Nigeria’s gas-fired power plants are receiving less than half of the fuel they need, worsening electricity supply across the country.
Ghana’s Economy: Ghana’s foreign minister says 55 Ghanaians have been killed in the Ukraine war after being “lured into battle’’’.
International News
US-Israel Strikes on Iran: The US and Israel have launched strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei and sparking global concern.
Global Oil Prices: Energy prices are expected to jump due to the conflict, potentially sending shockwaves through the global economy.
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Ukraine War: Ukraine’s President Volodymyr Zelenskyy has linked the developments to Russia’s war against his country.
Global News
Climate Change: The impact of climate change on global food security is becoming increasingly concerning.
Tech Developments: The Mobile World Congress is set to kick off in Barcelona, showcasing the latest in tech and AI.
Exchange Rates
- USD to NGN: 1,359.58 (official rate), 1,365 – 1,375 (parallel market)
- GBP to NGN: 1,826.51 (official rate), 1,842 – 1,855 (parallel market)
- EUR to NGN: 1,609.22 (official rate)
Stock Market
- Nigerian Exchange Group (NGX) All-Share Index: 193,567.81 points
- Market Capitalization: N124.24 trillion
- Top Gainers: FTN Cocoa Processors Plc (+10%), RT Briscoe Plc (+10%)
- Top Losers: Jaiz Bank Plc (-9.98%), Ikeja Hotel Plc (-9.98%)
Exchange Rate News
- “Nigeria: Naira suffers fourth consecutive decline against dollar in official market” – The Naira has declined for the fourth consecutive day against the US dollar in the official market, closing at N1,361.5 per dollar.
- “Pound to Naira exchange rate today, March 2, 2026” – The Pound Sterling is currently being exchanged at rates between 1,842 and 1,855 per Pound in the parallel market.
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Stock Exchange Market News
- “NGX Group posts N22.9bn revenue, proposes N3 dividend” – The Nigerian Exchange Group Plc has reported core revenue of N22.9bn for the financial year ended 31 December 2025, a 36% increase from the previous year.
- “Nigeria: Equities market sheds $380mln amid sustained profit-taking” – The Nigerian equities market extended its losing streak to a third consecutive session, with the benchmark All-Share Index declining by 0.41% to settle at 193,567.81 points.
Entertainment and Fashion News
David Brownson wins Inferno Runway Season Two: David Brownson, a fashion designer, has emerged winner of the second season of the reality television competition, Inferno Runway. His participation proved to be a breakthrough, showcasing his signature futuristic Afro-inspired creations.
Tiwa Savage Launches Music Foundation: Global Afrobeats star Tiwa Savage is launching the Tiwa Savage Music Foundation, partnering with Berklee College of Music to expand access to world-class music education in Nigeria. The foundation will offer a fully funded, four-day intensive training session for 100 emerging Nigerian music creators.
AfroVision X 2026 Festival: AfroVision X 2026, a month-long global festival celebrating African and Caribbean creativity, has kicked off in Nigeria. The festival will feature fashion showcases, film screenings, music concerts, and more.
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Lagos Fashion Week Trends: Lagos Fashion Week SS26 showcased bold trends, including brown as the new bold, metallics, and iridescents. Designers like Babayo, Ajabeng, and Adama Paris proved that earthy hues can be anything but boring.
Nigeria’s Fashion Industry: Nigeria’s fashion industry is “surviving not thriving”, despite its huge potential. The industry could generate billions with proper support.
Sports News
FIFA Stalls on Nigeria-DR Congo World Cup Verdict: The Nigeria Football Federation is anxiously awaiting FIFA’s decision on the eligibility of DR Congo players, which could impact Nigeria’s chances of qualifying for the 2026 World Cup.
Arsenal vs Chelsea: Gunners Win Battle of Corners – Arsenal beat Chelsea 2-1 at the Emirates Stadium, extending their lead at the top of the Premier League table. The win puts Arsenal five points clear of Manchester City, with Chelsea sitting fifth.
Man Utd vs Crystal Palace: Bruno Leads Turnaround – Manchester United came from behind to beat Crystal Palace 2-1, extending their unbeaten run under manager Michael Carrick.
Fulham vs Tottenham: Iwobi’s Audacious Strike – Fulham beat Tottenham 2-1, with Alex Iwobi scoring a stunning goal for the Cottagers.
Super Eagles’ World Cup Miss: Super Falcons striker Asisat Oshoala lamented the Super Eagles’ failure to qualify for the 2026 World Cup, saying Nigeria would have made a strong statement at the tournament.
NBA Standings: The Detroit Pistons lead the Eastern Conference with 44 wins and 14 losses, while the Oklahoma City Thunder top the Western Conference with 46 wins and 15 losses.
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