National News
Tinubu Prepares for UK State Visit: President Bola Tinubu is set to embark on a two-day state visit to the United Kingdom, with Nigerians demanding focus on security and climate action.
11 Opposition Reps Defect to APC, ADC: Eleven opposition lawmakers have defected to the All Progressives Congress (APC) and the African Democratic Congress (ADC), citing internal crises within their former parties.
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Tinubu Urges Politicians to Bow to Rule of Law on Electoral Act: President Bola Tinubu has called on Nigerian politicians to respect the rule of law and accept the amended Electoral Act, emphasizing democracy and stability.
Tinubu Meets Security Chiefs over Insecurity: President Tinubu held a closed-door meeting with top security officials, including the Inspector-General of Police and National Security Adviser, to discuss the surge in terror attacks.
Makinde Group Urges Wike Allies to Return to PDP Mainstream: A political support group has urged members of a factional caretaker committee backed by Minister Nyesom Wike to return to the Peoples Democratic Party’s mainstream leadership.
APC Says PDP is Sliding into Irrelevance: The APC has accused the PDP of being plagued by internal crises and lacking ideological direction, saying it’s steadily losing relevance.
Nine Senators Dump PDP, LP, APGA for ADC: Eight PDP senators and one APGA senator defected to the African Democratic Congress, reshaping the Senate’s composition.
Abaribe Faces Possible Seat Loss: Senate President Godswill Akpabio has given Enyinnaya Abaribe one week to justify his defection from APGA to ADC or risk losing his seat.
Tambuwal, Abaribe, Kingibe Lead Exodus to ADC: Former Sokoto State governor Aminu Tambuwal and other senators joined the ADC, strengthening the party’s presence in the Senate.
Senate Drama: Akpabio Threatens to Declare Abaribe’s Seat Vacant: The Senate President warned Abaribe to withdraw his defection letter or face consequences.
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Falana Urges Government to Strengthen Security: Human rights lawyer Femi Falana has called on the Federal Government to urgently reorganize and equip its armed forces and police, warning that reliance on foreign powers won’t guarantee law and order.
Business News
Nigeria’s Economy to Withstand US-Iran War Shocks: CBN Governor Olayemi Cardoso says Nigeria’s macroeconomic reforms will help the country navigate potential shocks from escalating Middle East tensions.
Pound to Naira Exchange Rate: The British Pound maintained its upward momentum against the Nigerian Naira, with the exchange rate hovering around 1,867.42 per Pound.
Dangote Slashes Fuel Price: Dangote has reduced its fuel price by N100, following a slump in global crude oil prices.
Cross River Assembly Calls for Ban on Illegal Logging: The Cross River State House of Assembly urged the government to ban logging around Monolith Heritage sites to protect cultural artifacts.
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Deforestation: Stakeholders Seek Amendment of Forestry Commission Law: Stakeholders accused the government, farmers, and miners of driving deforestation in Cross River State and called for law amendments to strengthen the Forestry Commission.
African News
Nigeria Signs Intra-African Trade Fair 2027 Host Agreement: Nigeria has signed an agreement to host the Intra-African Trade Fair 2027 in Lagos, aiming to boost trade across Africa ¹.
Nigeria’s Economy to Withstand US-Iran War Shocks: CBN Governor Olayemi Cardoso says Nigeria’s macroeconomic reforms will help the country navigate potential shocks from escalating Middle East tensions.
International News
South African Army Chief Visits Nigeria: The Chief of the South African Army, Lt.-Gen. Lawrence Mbatha, has visited Nigeria to boost military ties and benchmark training systems.
Iran Warns of $200 Oil Price: Iran’s Supreme Leader Mojtaba Khamenei has warned that the Strait of Hormuz will be closed, potentially driving oil prices to $200 a barrel.
UN Warns Global Aid at Risk: The UN aid chief has warned that the conflict in the Middle East is straining humanitarian operations worldwide, disrupting supply chains and slowing aid delivery.
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Global News
Oil Prices Surge: Brent crude futures have risen above $100, with investors worried about potential supply disruptions from the Middle East conflict.
Global Markets in Turmoil: The dollar has strengthened as a safe-haven currency, while stock markets have fallen amid concerns over inflation and energy prices.
Climate Change Concerns: The UN has urged Ethiopia to tackle pollution at a gold mine, highlighting the environmental impact of the conflict.
Stock Exchange Market News
NGX Rises 0.12% as Mid-Cap Stocks Lift Market: The Nigerian Exchange (NGX) All-Share Index advanced 0.12% to 197,196.98 points, driven by gains in mid-cap stocks despite banking sector selloffs.
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Profit-Taking Drags NGX Lower by 0.6%: The NGX All-Share Index declined 0.57% to 196,066.09 points due to profit-taking in blue-chip equities.
Exchange Rate News
Naira Depreciates to N1,426 in Parallel Market: The Naira weakened to N1,426 per dollar in the parallel market, while it appreciated to N1,373.5 per dollar in the official market.
Dollar to Naira Exchange Rate: The Naira opened at 1,392.03 per dollar in the official window, with moderate upward pressure touching 1,400.07 before settling at 1,399.57.
Entertainment News
Saheed Osupa Sets Guinness Afrobeats Orchestra Record: Saheed Osupa, Malaika, and 83 other musicians have set a new Guinness World Record for the largest Afrobeats orchestra.
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Mo Abudu Urges Nigerians to Build Local Streaming Platforms: Media mogul Mo Abudu has called on Nigerian and African creatives to build local streaming platforms amid reduced foreign investment.
Fashion News
Lagos Fashion Week SS26 Trend Report: The 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 stylish.
Nigerian Fashion Industry Surviving, Not Thriving: Despite huge potential, Nigeria’s fashion industry is merely surviving, and experts suggest it could generate billions with proper support.
Ciara Embraces Lagos Spirit at Fashion Week: American singer Ciara Wilson donned Adire on a city tour, celebrating Lagos’ growing global influence in tourism, art, and fashion.
Sport News
DR Congo Drops Players Amid Nigeria FIFA Complaint: DR Congo has omitted two players, Michel-Ange Balikwisha and Mario Stroeykens, from their squad for the World Cup intercontinental play-offs after Nigeria lodged a complaint with FIFA over alleged eligibility breaches.
Super Eagles Striker Moffi Proud to Wear Porto Colors: Super Eagles striker Terem Moffi has expressed his joy at playing for FC Porto, calling it a proud moment for him and his family.
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D’Tigress Dominate Colombia 70-37: Nigeria’s D’Tigress won their World Cup qualifying match against Colombia with a score of 70-37.
D’Tigress Begin Training in France for World Cup Qualifiers: The D’Tigress have started training in France as they prepare for their World Cup qualifying matches.
Udodi Onwuzurike Defeats Olympic Champion Noah Lyles: Nigerian sprinter Udodi Onwuzurike won a belt-winning sprint race, beating Olympic champion Noah Lyles.
Eliud Kipchoge to be Flag Bearer at Milano Cortina 2026 Winter Olympics: Legendary Kenyan runner Eliud Kipchoge will be a flag bearer at the Milano Cortina 2026 Winter Olympics.
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