By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
National News
Dangote Announces Petrol Price Hike to N1,245/Litre: The price increase is attributed to the ongoing war in the Middle East, which has caused a surge in global oil prices.
Chinese Envoy Assures Broader Market Access as China-Nigeria Trade Volume Exceeds $28bn: The bilateral trade relations between China and Nigeria have seen a 28% year-on-year growth, underscoring the deepening economic ties between both nations.
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Maiduguri Blasts: Zulum Vows to Pay Victims’ Medical Bills, Cuts Short Saudi Trip: Borno State Governor, Babagana Umar Zulum, has pledged that the state government will shoulder the medical expenses of victims injured in the recent triple suicide attacks in Maiduguri.
Nigeria Drops to 106 in 2026 World Happiness Ranking: The report, which measures happiness based on factors like GDP per capita, social support, and life expectancy, shows Nigeria’s steady decline in ranking.
Tinubu Concludes Historic UK Visit, Returns After Sealing Key Economic Deals: President Bola Tinubu has concluded a two-day state visit to the United Kingdom, securing significant economic agreements, including a deal to fast-track deportations of visa overstayers and failed asylum seekers.
Tinubu Pushes for Stronger UK-Nigeria Ties: President Bola Tinubu is pushing for a stronger economic and security alliance between Nigeria and the UK, highlighting Africa’s security challenges, including Sahel terrorism and climate-fueled conflicts. He emphasized the need for joint efforts to tackle instability and boost livelihoods.
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Ogun Guber: Councillors Warn Against Imposing Candidate: Thirty-five councillors from Ogun West Senatorial District have warned against imposing a candidate on them for the 2027 Ogun State governorship race. They emphasized the need for a credible and transparent process, with a candidate who has verifiable roots in the district.
Tinubu’s Leadership Boosts Nigeria’s Global Standing: APC Chieftain, Hon. Chief Obidike Chukwuebuka, has commended President Bola Tinubu’s leadership, stating that it has significantly boosted Nigeria’s global profile and economic prospects. He noted that Nigeria is increasingly seen as an attractive destination for investment.
APC Sets March 2026 for National Convention: The APC has announced its national convention for March 2026, with zonal congresses scheduled to hold nationwide on March 21, 2026. The convention aims to elect party officials and take critical decisions on the party’s future direction.
African News
Senzo Meyiwa Murder Trial: The trial continues at the High Court in Pretoria, with Ntanzi accusing the prosecutor of misleading the court.
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African Nations to Borrow $155 Billion: S&P Global Ratings projects African nations will borrow $155 billion in long-term commercial debt in 2026, a 10% increase from the previous year, to refinance maturing debt and navigate growing fiscal obligations.
Senegal Refuses to Return AFCON Trophy: Senegal’s government has refused to return the Africa Cup of Nations trophy after the Confederation of African Football (CAF) stripped them of the title, sparking a dispute.
International News
Middle East Conflict Escalates: Iran’s Revolutionary Guards confirmed their spokesperson was killed in US-Israel airstrikes, marking a major escalation in the conflict.
Iraq Declares Force Majeure on Oilfields: Iraq has declared force majeure on foreign-operated oilfields due to disruptions in the Strait of Hormuz.
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Global News
Global Economic Outlook Weakens: The World Trade Organization (WTO) reports a slowdown in global merchandise trade growth to 1.9% in 2026, citing geopolitical conflicts and weakening demand.
Energy Market Disruptions: The conflict in the Middle East has disrupted global energy markets, with oil prices rising and inflation risks increasing.
Climate Change Concerns: Himalayan glaciers are melting twice as fast as in 2000, threatening water security for billions of people.
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Stock Exchange News
NGX Sees Mixed Performance: The Nigerian Stock Exchange (NGX) saw a mixed performance, with the All-Share Index (ASI) dropping 1,402.55 points to 201,156.86, representing a 1-week gain of 2.68% and a year-to-date gain of 29.27%.
SEC, NGX to Review Free Float Thresholds: The Securities and Exchange Commission (SEC) and NGX are reviewing free float thresholds to enhance market liquidity and attract investors.
Exchange Rate News
Naira Appreciates to N1,405 in Parallel Market: The Naira appreciated to N1,405 per dollar in the parallel market from N1,410 per dollar on Thursday, driven by market forces of demand and supply.
Dollar to Naira Exchange Rate: The dollar traded at an average of N1,352.89 per dollar in the official market, with the parallel market quoting N1,410 for buying and N1,415 for selling.
Pound to Naira Exchange Rate: The Pound Sterling was quoted at an average of N1,813.10, with the parallel market quoting N1,875 for buying and N1,885 for selling.
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Entertainment News
Burna Boy Makes History as First African Artist to Gross $3.1m on Oceania Tour: Burna Boy has become the first African artist to gross over $3 million on an Oceania tour, solidifying his global presence.
Pheelz and Khaid Robbed in Los Angeles: Nigerian singers Pheelz and Khaid were allegedly robbed during a car break-in in Los Angeles.
Fashion and Style News
Loice Nkundlande Talks African Luxury in Fashion: Fashion designer Loice Nkundlande discusses African luxury in fashion, emphasizing the importance of internal beauty and cultural sustainability.
Adekunle Gold Spotted with Mia Khalifa and 2 Chainz at Paris Fashion Week: Adekunle Gold, Mia Khalifa, and 2 Chainz stole the spotlight at Paris Fashion Week 2025.
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Sport News
Super Eagles Squad Announcement: Super Eagles head coach Eric Chelle has unveiled a 23-man squad for Nigeria’s upcoming international friendly matches against Iran and Jordan, with notable absentees Victor Osimhen, Stanley Nwabali, and Ola Aina.
Nigerian Footballer Stabbed: A Nigerian footballer has been hospitalized after being stabbed ahead of a match fixture in Lithuania.
Osimhen’s Galatasaray Exit: Victor Osimhen’s Galatasaray has been knocked out of the Champions League, with Lookman advancing with Atletico Madrid.
MLB Spring Training: The Chicago Cubs face the Seattle Mariners today at 1:10 AM WAT, while the Minnesota Twins take on the Toronto Blue Jays.
League Two Matches: Today’s fixtures include Harrogate Town vs Oldham Athletic, Bristol Rovers vs Gillingham FC, Chesterfield FC vs Accrington Stanley, and Salford City vs Cambridge United, all kicking off at 16:00 WAT or 13:30 WAT.
Premier League: Burnley FC faces Fulham FC at Craven Cottage, London, while Chelsea FC takes on Everton FC at Hill Dickinson Stadium, Liverpool.
Recent Results: In League Two, Notts County beat Grimsby Town 1-0, and Oldham beat Crawley 2-0. In the Premier League, AFC Bournemouth drew 2-2 with Manchester United.
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