National News
Tinubu Urges Media to Hold States, LGs Accountable: President Bola Tinubu has called on media executives to scrutinize state and local governments as rigorously as they monitor his administration, highlighting greater financial autonomy for states and local governments under his administration.
APGA May Back Tinubu in 2027: The All Progressives Grand Alliance (APGA) has signalled possible backing for President Tinubu’s re-election, while the PDP’s national leadership has ruled out endorsement.
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Court Bars Aiyedatiwa from Contesting 2028 Gov Election: A Federal High Court has ruled that Ondo Governor Lucky Aiyedatiwa is ineligible to contest the 2028 governorship election.
Afenifere Slams Electoral Act: The pan-Yoruba socio-political organisation, Afenifere, has criticised the National Assembly for removing the presentation of forged certificates as a ground for challenging election results in the newly enacted Electoral Act 2026.
Iran Conflict Could Strengthen Naira, Reduce Borrowing: Senator Jimoh Ibrahim believes the ongoing Middle East conflict presents an economic opportunity for Nigeria through higher oil revenues.
Lagos Warns Residents of Possible Flooding: The Lagos State government has alerted residents of possible flooding and strong winds as the rainy season begins.
Nigeria Seeks Collaboration to Tackle IED Threats: The National Counter Terrorism Centre has urged West African and Sahel countries to strengthen collaboration against evolving IED threats.
Troops Clear 11 IEDs, Reopen Imo Road: The Nigerian Army has cleared 11 Improvised Explive Devices (IEDs) and reopened a long-abandoned road in Imo State.
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Economy News
Oil Price Hits $100: Anxiety mounts as oil price hits $100 per barrel, potentially affecting fuel prices in Nigeria.
Oil and Gas Communities Back Tinubu: A coalition representing Nigeria’s oil- and gas-producing communities has endorsed President Bola Tinubu for a second term, citing his Renewed Hope Agenda.
Dangote Refinery Hikes Petrol Price to ₦1,175/litre: The Dangote Petroleum Refinery has increased the price of petrol to ₦1,175 per litre amid crude oil surge to $100/barrel.
Middle East Crisis Could Deliver N30trn Oil Windfall to Nigeria: The Nigerian Economic Summit Group (NESG) projects Nigeria could earn as much as N30 trillion in additional oil revenue if global crude prices remain elevated due to the escalating geopolitical tensions in the Middle East.
Oil Price Hits $100: Anxiety mounts as oil price hits $100 per barrel, potentially affecting fuel prices in Nigeria.
Inflation Rate: Nigeria inflation rate was 15.10% in January 2026, with a significant drop in food prices.
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Naira Strengthening: Senator Jimoh Ibrahim believes the ongoing Middle East conflict presents an economic opportunity for Nigeria through higher oil revenues that could stabilise the naira, reduce borrowing, and strengthen the country’s macroeconomic position.
Stock Exchange News
NGX Dips Marginally by 0.2%: The Nigerian Exchange (NGX) closed slightly lower on Wednesday as profit-taking in selected equities continued to weigh on the market, dragging key performance indicators into negative territory.
Investors Gain N880bn as NGXASI Grows Further by 0.78%: The Nigerian equity market on Wednesday grew further as the All Share Index appreciated by 0.78%.
Equities Market Rebounds by 0.52%: The Nigerian equities market rebounded on Thursday, reversing the mild losses recorded previously as renewed buying interest in select large- and mid-cap stocks lifted the benchmark index.
Exchange Rates
Dollar to Naira Exchange Rate: The Naira maintained its resilience against the US Dollar, with the exchange rate hovering around 1,398.63 per dollar.
USD to NGN: The Naira opened at 1,392.03 per dollar during the early hours, touching a high of 1,400.07 before settling at a mid-morning quote of approximately 1,399.57 per dollar.
GBP to NGN: The British Pound maintained its upward momentum against the Nigerian Naira, with the Naira opening at approximately 1,867.42 per Pound and settling at 1,870.94 per Pound.
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The Nigerian Exchange (NGX) has seen mixed performance, with the All Share Index (ASI) currently at 198,407.30, representing a 1-week gain of 0.73% and a year-to-date gain of 27.5%. The market capitalization is approximately N127.37 trillion.
International News
Iran Widens War on Shipping: Iran’s attacks on ships in the Gulf have sent oil prices soaring, with Brent crude hitting $100 a barrel. The US and Israel are involved in a conflict with Iran, disrupting global oil supplies.
Global Equity Funds See Outflows: Global equity funds recorded $7.05 billion in outflows due to oil shock fears and concerns about inflation and economic growth.
UN Warns Global Aid at Risk: The UN aid chief warns that the Middle East conflict is straining humanitarian operations worldwide, affecting aid supplies to sub-Saharan Africa.
African News
South African Rand Weakens: The South African rand has weakened due to rising energy prices fueled by the Middle East conflict, heightening inflation concerns.
African Health Financing Crisis: African health financing faces a governance crisis, not just a funding gap, according to a report.
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Nigeria Receives HIV Prevention Injection: Nigeria has received a twice-yearly HIV prevention injection, marking a significant step in the country’s fight against HIV/AIDS.
Entertainment News
Skit maker Broda Shaggi hospitalised after alleged shooting: Broda Shaggi, the Nigerian comedian and content creator, was allegedly shot while filming a skit in Sango-Ota, Ogun State. He sustained a gunshot injury and was rushed to the hospital for treatment. The incident occurred under the Sango-Ota bridge, and the circumstances surrounding the shooting are still unclear.
AfroVision X 2026 Kicks Off Nigeria Drive: A global festival celebrating African creativity, connecting artists with investors for economic growth.
Influencer Asherkine Refutes Scripted Video Claims: Asherkine responds to accusations that his viral ‘canteen worker’ video was scripted.
Fashion and Style News
AFROVISION X 2026 Spotlights Nigerian Fashion: A global festival in Canada celebrates Nigerian, African, and Caribbean creativity in fashion, film, music, and more.
Nigeria’s Fashion Industry Struggling: Despite huge potential, Nigeria’s fashion industry is underperforming, with experts calling for improvement to generate billions.
Shaffy Bello Reinvents Herself at 55: Veteran actress Shaffy Bello showcases bold fashion choices, timeless elegance, and a new podcast.
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Ajjaya Clothing Unveils 2026 Collection: Handcrafted, earth-friendly fashion pieces made with natural materials and artisan craftsmanship.
Taylor Swift’s ‘Opalite’ Breaks Spotify Record: Taylor Swift’s single “Opalite” has become the most-streamed music video in a single day on Spotify.
Amazon Music Unveils ‘Artists to Watch’ 2026: Amazon Music has announced its list of emerging artists for 2026, featuring 49 talented musicians.
Festival d’Été de Québec 2026 Lineup: The festival will feature Jelly Roll, Kesha, Muse, Limp Bizkit, and more.
Most-Anticipated Movies of 2026: Some of the most awaited films include “Dhurandhar 2”, “Mirzapur: The Movie”, “Avengers: Doomsday”, and “Drishyam 3”.
Christopher Nolan’s ‘The Odyssey’: The film is set to release on July 31, 2026, starring Matt Damon, Zendaya, and Tom Holland.
‘Moana’ Live-Action Remake: Dwayne Johnson will reprise his role as Maui in the live-action remake, directed by Thomas Kail.
Oscars 2026: The ceremony will air live on ABC and stream on Hulu on March 15, 2026.
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GAI EVOLUTION 2026 World Tour: Chinese rapper GAI’s tour will kick off in Singapore on March 7, 2026, with stops in Malaysia, Las Vegas, and Sydney.
Sports News
Nigeria Premier Football League: Matches are scheduled for the weekend, with teams like Plateau United, Enyimba, and Rangers International in action.
NIFL Premiership: Ballymena vs Carrick, Coleraine vs Cliftonville, and Crusaders vs Glenavon are among the fixtures for Saturday, March 14, 2026.
Premier League: Brighton & Hove Albion vs Sunderland AFC, Everton FC vs Arsenal FC, and Newcastle United vs Chelsea FC are the matches to watch.
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