By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
NIGERIA NEWS
Presidential Candidates Sign National Peace Accord Ahead of 2027 Polls
Presidential candidates signed the National Peace Accord ahead of the 2027 elections in Abuja. The ceremony was attended by party leaders and civil society groups. However, several opposition figures questioned the accord’s ability to guarantee peaceful and credible polls, citing past breaches and the need for stronger enforcement by security agencies.
FCCPC Flags Possible Cement Price Manipulation Despite Local Production Boom
The Federal Competition and Consumer Protection Commission has uncovered indications of possible price manipulation in Nigeria’s cement market. This comes despite a substantial increase in domestic production and availability of limestone. The Commission says it will begin deeper market surveillance to protect consumers from artificial price hikes.
First Lady Oluremi Tinubu Launches South-West Community Food Bank in Ogun
Nigeria’s First Lady, Senator Oluremi Tinubu, launched the South-West Zonal National Community Food Bank in Ogun State. She described the initiative as a direct intervention to cushion food insecurity and urged governors across the region to replicate the model in their states to support vulnerable households.
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Ben Murray-Bruce Urges Tinubu to Appoint Bold Reformers
Former Bayelsa East Senator Ben Murray-Bruce urged President Bola Ahmed Tinubu to appoint bold, results-driven Nigerians who are willing to challenge entrenched interests. He said such appointments will accelerate reforms and restore public confidence in governance.
BudgIT, Ezekwesili Demand Budget Transparency and Ports Deal Review
Civil society group BudgIT urged the Federal Government to strengthen budget transparency and ensure citizens can track public spending. Former Minister Obiageli Ezekwesili also called for the cancellation of the controversial ports concession deal, describing it as lacking due process and value for money.
Kano Consumer Council Receives Nearly Expired Goods from SUFAYE Investment
The Kano State Consumer Protection Council said it received a large consignment of near-expired goods from SUFAYE Investment, a private enterprise in the state. The Council said the seizure is part of ongoing efforts to rid markets of unsafe products and protect consumers.
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Residents Lament Abandoned Akure-Ado-Ekiti Highway Project
Residents of Ondo and Ekiti states have raised concerns over the abandoned dualization of the Akure-Ado-Ekiti highway. They noted that only one carriageway has been completed, leaving motorists to contend with accidents and traffic gridlock on the single lane.
ELECTIONS & GOVERNANCE
INEC Projects Registered Voters to Cross 100 Million Before 2027 Elections
The Independent National Electoral Commission has projected that the number of registered voters in Nigeria will exceed 100 million ahead of the 2027 general elections. INEC attributed the projection to ongoing Continuous Voter Registration and PVC collection across the country.
AFRICA NEWS
Dangote Eyes Multibillion-Dollar Expansion in Tanzania
Africa’s richest man, Aliko Dangote, met with Tanzanian President Samia Suluhu Hassan in Dar es Salaam. The meeting focused on new investments in energy, manufacturing, transport and logistics. The Dangote Group said the expansion will create jobs and deepen trade ties between Nigeria and Tanzania.
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Nigeria Retains Lead as Africa’s Best-Performing Stock Market
Despite recent profit-taking that wiped value from the market, Nigeria remains Africa’s best-performing stock market. Analysts say investor confidence in ongoing economic reforms and FX stability has kept the Nigerian Exchange attractive compared to other African bourses.
S&P Global to Acquire Majority Stake in Agusto & Co.
Global ratings agency S&P Global announced plans to acquire a majority stake in Nigeria’s Agusto & Co. The deal is expected to close in the second half of the year and will expand S&P’s presence in African credit rating and research services.
INTERNATIONAL / GLOBAL NEWS
US and South Korea Scale Down Joint Military Drills
The joint military drills between the US and South Korea have been cut at Washington’s request, Seoul’s military chiefs confirmed. The reduction comes days after President Donald Trump called for fewer exercises, citing his close relationship with North Korean leader Kim Jong Un.
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Trump Pauses Planned Tariff Hike on Canadian Goods
President Donald Trump’s threat of a broad tariff on Canadian goods will not take effect, he announced hours before the deadline. The decision spares a wide range of imports and averts a potential trade escalation between the two neighbors.
Meta Faces Scrutiny Over Blocking Former Employee Testimony
Meta, which has more than three billion users around the world, was reported to have tried to block ex-Meta employee and expert witness Arturo Bejar from testifying. The move has drawn criticism from digital rights groups calling for greater transparency.
STOCK EXCHANGE & ECONOMY
Nigerian Stock Market Capitalisation Crosses Historic N160 Trillion Mark
The Nigerian stock market crossed the historic N160 trillion mark, boosted by sustained buying interest in Airtel Africa and other large caps. The NGX All-Share Index also appreciated, pushing year-to-date returns higher amid renewed investor confidence.
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NGX Opens August on Bullish Note as Investors Return
The Nigerian equities market began the month on a positive note, recording gains on the first trading days. Market analysts say the rally was driven by bargain hunting in banking, telecoms and consumer goods stocks after two sessions of losses.
S&P Upgrades Nigeria’s Credit Rating, Citing Reforms and FX Stability
S&P Global upgraded Nigeria’s sovereign credit rating, citing President Tinubu’s economic reforms, improved foreign exchange liquidity, and stronger government revenues. The upgrade is expected to attract more foreign investment into the country.
ENTERTAINMENT NEWS
Angelique Kidjo to Receive Star on Hollywood Walk of Fame
Five-time Grammy winner Angelique Kidjo is set to be honored with a star on the Hollywood Walk of Fame. She will become the first African musician and first Black African to be recognized on the famed boulevard, a milestone celebrated across the continent.
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ZZ Top Drummer Frank Beard Dies at 77
Longtime ZZ Top drummer Frank Beard has died. A statement on the blues-rock band’s website said he passed in hospice care with family members at his side. The band described him as a foundational member of their sound for decades.
SPORTS NEWS
Arsenal Begin Title Defense Against Coventry as New Season Kicks Off
For the first time since the 2004-05 season, Arsenal will start a campaign as English champions. The Gunners will host promoted Coventry in the opening game of the season, with fans expecting a strong start to their title defense.
NPFL Secures New Title Sponsorship Ahead of 2026/27 Season
The Nigeria Premier Football League has secured a new title sponsorship deal ahead of the new season. League organizers also announced plans for digital expansion and fan engagement initiatives, including collaborations with entertainers to boost match attendance.
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