DDNews Newspaper Headlines For Today, Thursday, 12th of March, 2026.

National News
State Police: Tinubu’s Decision Sparks Debate: President Bola Tinubu’s plan to introduce state police has sparked controversy, with some arguing it could lead to abuse of power.

Senate Upholds ICPC’s Mandate, Rejects Motion to Suspend Project Tracking: The Senate has affirmed the statutory mandate of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to track national projects.

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Reps Amend Electoral Act, Propose N10m Fine for Dual Party Membership: The House of Representatives has amended the Electoral Act to criminalise dual membership of political parties, prescribing a fine of N10 million or a maximum of two years imprisonment for offenders.

NDDC Gets N1.7trn Budget Approval: The Senate has approved the 2025 statutory budget of the Niger Delta Development Commission (NDDC) totalling N1,750,923,400,137.15.

Nigeria’s Democracy Under Threat, Opposition Parties Struggle – The opposition parties in Nigeria are facing challenges, with some arguing that the ruling party is dominating the political landscape.

Senate Confirms Taiwo Oyedele as Minister: The Nigerian Senate has confirmed Taiwo Oyedele as a minister-designate.

PDP Loses Four More Senators to APC: The Peoples Democratic Party has lost four more National Assembly members to the All Progressives Congress.

Dangote Refinery Reduces Petrol Price: The Dangote Refinery has reduced the price of petrol to ₦1,075 per litre, aiming to ease the burden on consumers.

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Fuel Price Hike Sparks Concern: The price of petrol has hit ₦1,500 in some states, sparking concerns over the impact on transportation and the economy.

Nigeria Prioritizes Local Gasoline Supply: The government has suspended petrol import licenses to prioritize local production.

Troops Repel Terrorist Attack on Yobe Military Base: The Nigerian Army has repelled a terrorist attack on a military base in Yobe State.

Gunmen Kill 46 in Northern Nigeria: Armed attackers have killed 46 people in northern Nigeria.

UNILAG ASUU Declares Indefinite Strike: The Academic Staff Union of Universities at the University of Lagos has declared an indefinite strike.

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FG Begins Public Consultation on Social Media Age Limits: The Federal Government is seeking public input on possible age restrictions for social media use.

Fuel Price Hike: Nigerians Urged to Be Thankful for Local Refining Capacity: Finance Minister Wale Edun says Nigerians should appreciate the country’s local refining capacity amidst rising fuel prices.

Middle East Crisis: Nigeria’s Economy at Risk: The ongoing Middle East crisis is affecting Nigeria’s economy, with potential disruptions to oil prices and logistics costs.

Panic in Kwara as Terrorists Attack Communities: Terrorists have attacked communities in Kwara, causing residents to flee.

International News
Iran Widens War on Shipping: Iran has launched attacks on ships in the Gulf waters, warning the world of oil prices at $200 a barrel. The US has released 172 million barrels of oil from its Strategic Petroleum Reserve to stabilize energy markets.

Drones Hit East Congo’s Biggest City: Drone strikes have hit Goma, killing at least three people, including a French aid worker. The attack is linked to the conflict between the Congolese army and AFC/M23 rebels.

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UN Condemns Iran’s Attacks: The UN Security Council has adopted a resolution condemning Iran’s attacks on Gulf Cooperation Council states and Jordan, emphasizing the need for international peace and security.

African News
South Africa’s Standard Bank Reports 11% Rise in Annual Earnings: Standard Bank has reported an 11% rise in annual headline earnings, supported by strong growth in fee and trading income.

Niger Pulls Plug on Mining Companies: Niger has revoked gold mining concessions for three firms, citing national interest.

Africa Urged to Deepen Intra-Continental Trade: The Group Managing Director of Access Bank Plc has called for African policymakers, financiers, and businesses to deepen collaboration to accelerate intra-African trade.

Global News
US-Iran Conflict Escalates: The US and Iran have been engaged in a conflict, with the US warning of severe consequences if Iran mines the Strait of Hormuz. The conflict has disrupted global oil supplies and shipping.

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Global Aid at Risk: The UN has warned that the conflict in the Middle East is straining humanitarian operations worldwide, disrupting supply chains and slowing the delivery of life-saving assistance.

Climate Change and Green Jobs: Experts are rallying support for green jobs to tackle Africa’s labour market crisis, highlighting the potential for 60 million jobs in the green economy by 2030.

Stock Exchange News
NGX Dips Marginally by 0.2%: The Nigerian Exchange (NGX) closed slightly lower, with the All-Share Index (ASI) declining by 0.09% to 195,898.53 points. Market capitalization shed N107.57 billion, settling at N125.75 trillion.

Wema Bank Leads Trading Volume: Wema Bank emerged as the most actively traded stock, accounting for 106.36 million shares worth N2.75 billion.

Top Gainers: NGX Group Plc (+10%), Premier Paints Plc (+9.9%), and Omatek Ventures Plc (+8.95%).

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Top Losers: Presco Plc (-10%), UAC of Nigeria Plc (-9.97%), and Morison Industries Plc (-9.94%).

Exchange Rate
Naira Opens at 1,392.03 per Dollar: The Naira opened at 1,392.03 per dollar in the official NFEM window, touching a high of 1,400.07 before settling at 1,399.57.

Parallel Market Rate: The dollar is being exchanged at rates ranging between 1,408 and 1,418 per dollar in the informal sector.

Pound to Naira Rate: The British Pound maintained its upward momentum, exchanging at 1,870.94 Naira in the official window.

Naira’s Trajectory: The Naira’s trajectory is underpinned by high foreign reserves, energy sector stability, and a tight spread between official and parallel market rates.

Entertainment News
2Baba Celebrates 25 Years in Music: 2Baba is marking a quarter-century in the music industry with a concert titled “The Experience” on March 29, 2026, at Eko Hotel, Lagos. The event will feature powerful performances and special guest appearances, highlighting the growth of Afrobeats and Nigerian music globally.

Wunmi Mosaku’s BAFTA Win: Wunmi Mosaku made history with her BAFTA win, solidifying her position as a leading actress. She also rocked her baby bump on the red carpet, showcasing maternity glamour.

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Fashion and Style News
Lagos Fashion Week SS26 Trends: The Lagos Fashion Week SS26 showcased bold trends, including metallics, iridescents, and exaggerated hips. Designers like Hertunba, Sevon Dejana, and Onalaja impressed with their avant-garde and culturally rich collections.

Nigerian Designers Shine at Met Gala: Nigerian designers are making waves at the Met Gala, with their unique interpretation of the “Costume Art” theme. Brands like Oríré, PETTRE TAYLOR, and Ajanéé showcased stunning collections.

Swarovski Nigeria’s Summer Sale: Swarovski Nigeria is offering up to 40% off on crystal jewelry and accessories until July 27, 2025.

Sport News
Nigeria’s Osimhen Shines in Champions League: Victor Osimhen’s impressive performance has broken an all-time Nigerian record, solidifying his position as a top player.

Super Eagles Face World Cup Failure Backlash: Former Super Eagles captain calls for NFF chiefs to resign following World Cup failure, sparking controversy in Nigerian football.

Jordan’s Coach Names Squad for Super Eagles Friendly: Jordan’s Moroccan coach Jamal Sellami has included experienced Al-Waab striker Baha’ Faisal in his squad for the upcoming friendly match against Nigeria.

Iran’s World Cup Withdrawal Threat Looms: Iran’s potential withdrawal from the World Cup has FIFA exploring options, amidst Middle East tensions and travel restrictions affecting Iraq’s preparations.

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Laureus Awards Nominees Announced: Luke Littler, Lando Norris, and the England Women’s Football Team are among the nominees for the 2026 Laureus World Sports Awards.

Canada Advances in World Baseball Classic: Canada secured a key victory over Cuba, moving forward in the tournament.

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