By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
National News
Fuel Vessels Arrive in Lagos Amid Supply Fears: Five fuel vessels carrying petrol and diesel have arrived in Lagos, alleviating concerns about fuel shortages in Nigeria. The vessels arrived at the Apapa and Tincan Island ports, with a total cargo of 95,000 metric tonnes of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO).
522 Stranded Nigerians Return from Niger Republic: A batch of 522 stranded Nigerians has arrived in Kano from Niamey, Niger Republic, as part of ongoing voluntary repatriation efforts.
Plateau State Attack: Gunmen attacked a university community in Plateau State, killing at least 13 people. The Plateau State government has imposed a 48-hour curfew in the area.
Ministers Resign to Contest 2027 Elections: Two ministers, Yusuf Tuggar (Foreign Affairs) and Yusuf Sununu (Humanitarian Affairs), have resigned to pursue elective positions in the 2027 general elections. Other appointees, including Nasiru Gawuna and Abdulrazak Namdas, have also resigned to contest.
Kwankwaso Joins ADC: Former Kano State Governor, Rabiu Kwankwaso, has joined the African Democratic Congress (ADC), citing a need for political realignment. His son, Mustapha Rabiu Kwankwaso, has also resigned from the New Nigeria People’s Party (NNPP) to join the ADC.
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Security Funding: The Nigerian government has allocated N2.3tn for security funding, with the military and paramilitary agencies receiving N100bn tranches. The funding aims to address insecurity concerns, particularly in Plateau and Kaduna states, where recent attacks have killed over 40 people.
African News
Gunmen Kill 13 in Nigeria’s Plateau State Attack: Gunmen attacked a university community in Plateau State, killing at least 13 people. The Plateau state government has imposed a 48-hour curfew in the area.
South Africa’s Fuel Price Hike: South Africa is set to experience a painful fuel hike on Wednesday, with petrol prices potentially rising by over R5 per litre.
African Workers Condemn UK Stance on Slavery Reparations: African workers have condemned the UK’s opposition to a UN resolution on slavery reparations, calling it “disappointing” and “inconsistent with the country’s professed commitment to human rights”.
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International News
Iran-Israel Conflict Escalates: Israel has struck facilities belonging to the world’s largest natural gas field in Iran, marking a sharp escalation in tensions.
US-Iran Tensions: The US has warned that it is willing to end the military campaign against Iran, but Iran has vowed that its enemies won’t escape without a “lesson”.
Qatar Expels Iranian Diplomats: Qatar has expelled Iran’s military and security attaches after Iranian missiles caused damage to Ras Laffan.
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Global News
Energy Crisis Deepens: The energy crisis has deepened as the Iran-Israel conflict escalates, with oil prices surging and global markets in turmoil.
G7 Finance Ministers Meet: G7 finance ministers are set to meet virtually to discuss the energy crisis and its impact on global markets.
Economic Uncertainty: The conflict has raised concerns about economic uncertainty and the potential for a global recession.
Stock Exchange News
Nigerian Stock Market Closes Bearish: The Nigerian stock market closed bearish on March 30, with the All Share Index (ASI) down by 0.21% to 200,484.43, representing a 1-week gain of 0.74% and a year-to-date gain of 28.84%.
Top Gainers: Austin Laz & Company (+9.98%), Zichis Agro Allied Industries (+9.93%), Trans-Nationwide Express (+9.65%).
Top Losers: Secure Electronic Technology (-10%), May & Baker Nigeria (-9.42%), Legend Internet (-8.67%).
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Exchange Rate News
Naira Depreciates to N1,415/$: The Naira depreciated to N1,415 per dollar in the parallel market on March 31, from N1,405 per dollar on March 27.
Official Rate: The Naira traded at N1,386.75 per dollar in the Nigerian Foreign Exchange Market (NFEM).
Naira Depreciates to N1,415/$: The Naira has depreciated to N1,415 per dollar in the parallel market.
Banks Recapitalisation: The Nigerian banking sector has achieved over 96% compliance with the Central Bank of Nigeria’s recapitalisation requirements.
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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 influence.
Davido Drops Grammy Chase, Focuses on African Identity: Davido has shifted his focus from winning a Grammy to embracing his African roots and identity in music.
Fashion and Style News
Mai Atafo, Toju Foyeh, Mo’Cheddah Step Out in Style: Fashion designers and influencers gathered for the launch of “The Fashion Roundtable”, a new interview series showcasing Nigeria’s fashion industry.
Lagos Fashion Week Showcases Vibrant Styles: Lagos style stars turned out in force, showcasing vibrant, heritage-inspired fashion with a modern twist.
Nigerian Fashion Industry Surviving, Not Thriving: Despite its potential, Nigeria’s fashion industry faces challenges, including lack of infrastructure and policy support, limiting its GDP contribution.
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Sports news
Rivers United Reclaim Top Spot in NPFL: Rivers United returned to the top of the Nigeria Premier League table after a dramatic 4-2 comeback victory over Kun Khalifat. Iyowuna Douglas restored parity for Rivers United, and Handsome Surveyor completed the turnaround to give the hosts a 3-2 lead at half-time.
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Super Eagles Lose Goalkeeper Maduka Okoye to Injury: Maduka Okoye has left the Super Eagles camp in Turkey after sustaining a thigh injury, ruling him out of the team’s final match in the ongoing invitational tournament against Jordan.
Nigeria Chase World Relays Tickets in Botswana Trials: Nigeria is seeking additional qualification spots for the World Athletics Relays, with the team competing in the Botswana National Trials from April 3 to 5.
Atlanta Braves Beat Oakland Athletics 4-0: The Atlanta Braves defeated the Oakland Athletics 4-0, with Bryce Elder earning the win and Jacob Lopez taking the loss.
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