National News
US Lawmaker Raises Alarm Over Attacks on Christians in Nigeria: US Representative Riley Moore has expressed concern over attacks on Christians in Nigeria, citing incidents such as the burning of a church in Wukari and insurgent violence in the northeast.
International Women’s Day: FG Celebrates Nigerian Women, Calls for Action on Rights, Justice: The Federal Government has joined the global community in celebrating Nigerian women, emphasizing the need for stronger actions to protect women’s rights and remove barriers to their progress.
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Police Arrest Nigerien National for Kidnapping in Edo: The Edo State Police Command has arrested a Nigerien national, Suleman Harruna, in connection with kidnapping activities in the state.
Tinubu Pledges Awolowo-Style Reforms: President Bola Tinubu has assured Nigerians of his administration’s commitment to comprehensive reforms and long-term national development, citing the visionary leadership style of late nationalist Obafemi Awolowo.
Insecurity Escalates as Moves for State Police Intensify: Boko Haram and ISWAP militants have declared a caliphate in Borno, claiming responsibility for killing soldiers and residents, and abducting hundreds. The Nigerian government is considering establishing state police to address the escalating insecurity.
IWD 2026: Nigeria Can’t Thrive While Women Remain Underrepresented: The National Association of Seadogs (NAS) has called for greater inclusion of women in political leadership and governance, citing low representation in the National Assembly. The theme for this year’s International Women’s Day is “Rights, Justice, Action for All Women and Girls”.
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Borno Attacks: Tinubu Must Act on Security Emergency – Ndume: Former Senate Leader Ali Ndume has urged President Bola Tinubu to declare a state of emergency on security, following recent Boko Haram attacks in Borno State. Ndume emphasized the need for coordinated and sustainable attacks on insurgent targets.
Tinubu Sets Up Committee to Fix Power Grid: President Tinubu has launched a committee to address Nigeria’s chronic power transmission issues and boost power supply.
Vice President Shettima Vows to End Insurgency: Shettima has assured the military of overwhelming force to end insurgency in the North-East, following recent attacks in Borno State.
International News
Iran Names New Supreme Leader: Mojtaba Khamenei, son of Ayatollah Ali Khamenei, has been appointed as Iran’s new supreme leader, sparking tensions with the US and Israel.
Oil Prices Surge: Crude oil prices have exceeded $114 per barrel, the highest since 2022, due to escalating tensions in West Asia and disruptions in production and shipping.
US-Israel Conflict Escalates: The US and Israel have been involved in a series of strikes against Iran, with the US announcing the death of its 7th service member in the conflict.
G7 to Discuss Joint Oil Release: The Group of Seven (G7) finance ministers will discuss a joint release of oil from emergency reserves to stabilize the market.
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African News
Cape Town Fires Displace Hundreds: Over 500 people have been displaced after fires broke out in informal settlements in Cape Town, South Africa.
N6 Bus Crash Kills Five: Five people were killed and 60 injured in a bus crash on the N6 near East London, South Africa.
Lassa Fever Cases Rise: Nigeria has recorded 82 Lassa fever cases and 20 deaths in one week.
Burundi Nominates Former Senegalese President for UN Chief: Burundi has nominated former Senegalese President Macky Sall for the position of UN Secretary-General.
Iran Names New Supreme Leader: Mojtaba Khamenei, son of Ayatollah Ali Khamenei, has been appointed as Iran’s new supreme leader, sparking tensions with the US and Israel.
Oil Prices Surge: Crude oil prices have exceeded $114 per barrel, the highest since 2022, due to escalating tensions in West Asia and disruptions in production and shipping.
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US-Israel Conflict Escalates: The US and Israel have been involved in a series of strikes against Iran, with the US announcing the death of its 7th service member in the conflict.
Bahrain Drone Attack: An Iranian drone attack on Bahrain’s island of Sitra has injured 32 civilians, with four serious cases reported.
G7 Finance Meeting: The Group of Seven (G7) finance ministers will discuss a joint release of oil from emergency reserves to stabilize the market.
Hezbollah-Israel Conflict: Hezbollah has engaged Israeli forces who landed in eastern Lebanon, with multiple waves of strikes reported across the region ¹.
Economic News
Asian Equities Plunge: Asian stock markets have dropped sharply due to surging oil prices and escalating West Asia conflict.
Dollar Jumps: The dollar has surged as investors seek safe-haven assets amid growing concerns over global economic stability.
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Stock Exchange News
The Nigerian Stock Exchange’s All-Share Index (ASI) inched up 161.00 (0.08%) points to close at 196,968.15, representing a 1-week gain of 2.15%, a 4-week gain of 14.7%, and an overall year-to-date gain of 26.58%. The market capitalization is currently NGN 126.45 trillion.
Top Gainers:
– Eterna: 42.35 (+10.00%)
– Premier Paints: 14.60 (+9.77%)
– Union Dicon Salt: 16.40 (+9.70%)
Top Losers:
– RT Briscoe: 12.06 (-10.00%)
– MeCure Industries: 61.50 (-9.96%)
– SCOA Nigeria: 34.35 (-9.96%)
Exchange Rate News
Dollar to Naira Exchange Rate Today: The Nigerian Naira has slightly eased against the US Dollar, with the exchange rate standing at approximately 1,391.58 per dollar.
The Nigerian Naira began the second full trading week of March 2026 with a slight easing against the US Dollar, trading at approximately 1,391.58 per dollar. The parallel market continues to operate in close alignment with the official rate, with the dollar exchanging at rates between 1,400 and 1,410 per dollar ³ ⁴.
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USD/NGN: 1,391.58
GBP/NGN: 1,851.40 (official), 1,865-1,880 (parallel market)
EUR/NGN: Not available
Entertainment News
Mo Abudu Urges Building Local Streaming Platforms: Media entrepreneur Mo Abudu has called on Nigerian creatives to focus on building sustainable local streaming platforms, citing the need for Africans to take responsibility for developing platforms that cater to their own market•
Baba Ijesha Sparks Controversy with New Song: Convicted Nollywood actor Baba Ijesha has released a song challenging the circumstances surrounding his sexual assault case, sparking renewed controversy.
Tems and Burna Boy Break Billboard Record: Nigerian artists Tems and Burna Boy have set a new record for the most Billboard Hot 100 entries by African artists.
Fashion and Style News
Nigeria’s Fashion Industry Surviving Not Thriving: Despite huge potential, Nigeria’s fashion industry is merely surviving, with experts calling for proper support to generate billions.
Lagos Fashion Week SS26 Trends: The Lagos Fashion Week SS26 showcased bold trends, including beads, metallics, and exaggerated hips, with designers celebrating Nigerian culture and heritage.
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AFROVISION X 2026 to Spotlight Nigerian Fashion: The AFROVISION X 2026 festival will celebrate Nigerian fashion, film, and music, with events scheduled for June 2026 in Canada.
Sport News
India Wins T20 World Cup 2026: India defeated New Zealand by 96 runs to defend their T20 World Cup title in Ahmedabad.
Nigeria’s World Cup Hopes: Nigeria’s Super Eagles are in the African playoffs for the 2026 FIFA World Cup, with a win against Gabon needed to secure a spot.
Tunisia Qualifies for 2026 World Cup: Tunisia secured their third successive World Cup appearance with a 1-0 win over Equatorial Guinea.
Lakshya Sen’s Brave Run: Lakshya Sen lost to Lin Chun-Yi in the All England Open 2026 final, despite a valiant performance.
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Russian Athletes at Winter Paralympics: Russian athletes are competing under their national flag at the Milano Cortina 2026 Winter Paralympics, sparking controversy and boycotts from some countries.
Africa Cup of Nations 2026: The tournament is set to take place in Morocco from March 17 to April 3, 2026, with teams like Nigeria, Ghana, and Zambia in strong positions.
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