Party Infighting Disrupts Election Planning: The Independent National Electoral Commission (INEC) has expressed concern over internal leadership crises and litigations within political parties, which are hindering election planning. INEC Chairman, Prof. Joash Amupitan, warned that these issues are undermining democratic consolidation.
Opposition Reps Pledge Loyalty Amid APC Defection Surge: Despite defections to the ruling All Progressives Congress (APC), some opposition lawmakers are pledging loyalty to their parties. The APC now controls 241 seats in the House of Representatives and 80 seats in the Senate.
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FG Approves N9.99bn for HIV and Cancer Treatment: The Federal Executive Council has approved N9.99 billion for the procurement of antiretroviral medicines and the upgrade of cancer treatment facilities across the country.
Nigeria Signs Global Pact to Protect AI Privacy: Nigeria has joined 60 other countries in endorsing a global agreement aimed at protecting individuals’ privacy from the misuse of artificial intelligence tools.
FEC Approves New Company for Power Transmission: The Federal Executive Council has approved the establishment of a Grid Asset Management Company to address Nigeria’s persistent power transmission challenges.
Economy and Business
CBN FX Reforms Boost Reserves and Stabilise Naira: Nigeria’s gross external reserves rose to $50.45bn as of 16 February 2026, marking the highest level in 13 years, thanks to the Central Bank of Nigeria’s foreign exchange reforms.
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VAT Hits Record N1tn: Nigeria’s Value Added Tax collection has crossed a historic N1 trillion mark under a new sharing formula.
Security and Protests
US Embassy Cancels Visa Appointments Over Protests: The US Embassy in Abuja cancelled all visa appointments scheduled for March 4, 2026, citing a high potential for protests in Abuja amid escalating hostilities between the United States and Iran.
Police Monitoring Middle East Tensions: The Nigeria Police Force is closely monitoring developments in the Middle East amid concerns that tensions in the region could have repercussions in Nigeria.
Some Nigerians Seek Evacuation Amid Middle East Crisis: The Federal Government has clarified that few stranded Nigerians have called to enquire about preparation for possible evacuation from the Middle East.
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Ondo Couple Jailed 14 Years for Running Baby Factory: A Federal High Court in Akure has sentenced an Ondo couple to 14 years imprisonment for operating a baby factory.
International News
Russia-Ukraine War: Africans Urge Neutrality – Fewer than 4 in 10 Africans see Russia’s economic and political influence as positive, with many urging their governments to remain neutral in the Russia-Ukraine conflict.
Middle East Conflict Escalates: Global Markets Affected – The conflict in the Middle East has led to a surge in energy prices, affecting global markets and prompting concerns about inflation.
Global News
Iran-Israel Conflict: Global Response: The African Union has urged restraint and diplomacy in response to the conflict, while the US and Israel have been criticized for their actions.
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Economic Uncertainty: Global Markets React – The dollar has paused its rally, and currencies are taking a beat as investors await further developments in the Middle East conflict.
African News
South Africa Business Confidence Climbs: Business confidence in South Africa has risen, but concerns about the Middle East conflict and its impact on energy prices remain.
Ethiopia-Kenya Joint Military Operations: Ethiopia and Kenya have agreed to launch joint military operations to secure their border corridor and boost regional security.
Exchange Rate News
Naira Appreciates: The naira has appreciated to N1,382.65 per dollar in the Nigerian Foreign Exchange Market, showing a N7.35 gain.
Parallel Market Rate: In the parallel market, the naira is trading at N1,380 per dollar, down from N1,376 per dollar on Tuesday.
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CBN Reforms Boost Reserves: Nigeria’s gross external reserves rose to $50.45 billion as of February 16, 2026, marking the highest level in 13 years, thanks to CBN’s foreign exchange reforms.
Stock Market News
NGXASI Grows: The Nigerian stock market’s All Share Index (ASI) grew by 0.78% on Wednesday, lifting the year-to-date return to 26.35%.
Market Capitalization: Market capitalization rose by 0.57% to N126.2 trillion, adding N710.98 billion.
Oil and Gas Sector Leads: The Oil and Gas index led the rally with a 4.52% gain, followed by the Commodity index, which climbed 2.33%.
Entertainment News
Davido’s Baby Mama Drama: Davido’s baby mama, Sophia Momodu, reacts to his subtle move in their custody battle.
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Simi’s Old Tweets Resurface: Simi breaks silence over 2012 rape-related tweets that sparked controversy.
Obi Cubana’s Kiss Sparks Debate: Obi Cubana trends online amid claims of being into homosexuality after a video showed him kissing a man on the head.
Fashion and Style News
Nigerian Fashion at Met Gala: Nigerian designers showcase their mastery of the “Costume Art” theme at the Met Gala.
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Lagos Fashion Week Trends: Brown, shine, and fringe take center stage at Lagos Fashion Week SS26.
Afro-Minimalism on the Rise: Nigerian designers embracing clean lines, natural fabrics, and subtle cultural cues.
Nigerian Sports News
NPFL: Rivers United Eye Title – Finidi George’s Rivers United are eyeing the NPFL title despite a recent setback, with a 1-0 defeat to Bayelsa United.
Boxing Trials: 128 Boxers Compete for Commonwealth Games Slots: 128 boxers, including four diaspora athletes, are competing for 10 spots on Team Nigeria’s boxing squad for the 2026 Commonwealth Games.
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Super Eagles: Victor Boniface Ruled Out for Season: Victor Boniface has been ruled out for the rest of the season due to an injury, despite returning to light training.
Premiership News
Arsenal vs Brighton: Arsenal won 1-0 against Brighton, with Bukayo Saka scoring the only goal in the 9th minute. Gabriel Magalhaes had a stellar performance, making crucial saves and clearances to secure the win.
Manchester City vs Nottingham Forest: Manchester City drew 2-2 with Nottingham Forest, with Antoine Semenyo scoring for City and Morgan Gibbs-White equalizing for Forest. Rodri scored City’s second goal, but Elliott Anderson’s late strike denied City a win.
Aston Villa vs Chelsea: Chelsea Wins 4-1: Chelsea FC defeated Aston Villa 4-1 in a Premier League match.
Newcastle United vs Manchester United: Newcastle Wins 2-1: Newcastle United defeated Manchester United 2-1.
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Premier League Table: Arsenal is currently top of the table with 67 points from 30 games, followed by Manchester City with 60 points from 29 games.
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