National News
Tinubu: Nigeria’ll Defeat Terrorism Despite Borno Attacks: President Bola Tinubu assures the military and paramilitary agencies that Nigeria will prevail over terrorism and banditry despite recent deadly attacks in Borno State.
Islamist Militants Kill 14 Nigerian Soldiers in Borno State: Suspected Islamic State West Africa Province (ISWAP) fighters attacked army bases in northeastern Borno state, killing at least 14 soldiers.
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Why Nigeria is in a Mess – Utomi: Political economist Pat Utomi declares that Nigeria is “in a complete mess” due to failed leadership, deepening corruption, and collapsing public confidence in government institutions.
Nigeria’s New Year Begins with Widespread Bloodshed: The country witnessed unrelenting bloodshed, with attacks and abductions reported in several states.
Ambassadorial Postings: Tinubu has approved postings of 65 ambassadors, including several Igbo individuals, such as Nkechi Linda Ufochukwu to Israel, Senator Ita Enang to South Africa, and Victor Ikpeazu to Spain.
Petrol Price to Hit N1,050: Fuel prices are expected to rise, adding to the economic challenges faced by Nigerians.
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30 Banks Meet Recapitalization Target: Thirty banks have met the recapitalization target set by the Central Bank of Nigeria.
Ex-AGF Malami, Son, Wife Secure N600m Bail: Former Attorney-General Abubakar Malami, his son Abdulaziz, and wife Asabe Bashir were granted bail in the sum of N200 million each by a Federal High Court in Abuja over an alleged N9 billion money laundering charge.
Tinubu Forms Committee to Fix Nigeria’s Power Grid: President Bola Tinubu has set up an 11-member committee to oversee the incorporation of the Grid Asset Management Company Limited (GAMCO) to address the country’s chronic power transmission challenges.
International News
UN Human Rights Chief Warns of Middle East Crisis: The UN human rights chief, Volker Turk, is traveling to Washington amid concerns over the escalating Middle East conflict, urging international actors to de-escalate the situation.
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Cuba Power Crisis Deepens: Millions remain without electricity in Cuba due to a massive blackout caused by a broken boiler at a thermoelectric plant and severe fuel shortages.
US-Israel Attacks on Iran: The US and Israel have launched attacks on Iran, resulting in at least 1,332 deaths, with tensions escalating in the region.
African News
Militants Kill 15 Soldiers in Northern Benin: Militants linked to al Qaeda and Islamic State attacked a military camp in northern Benin, killing 15 soldiers and wounding five.
Ghana Shifts Artisanal Gold Refining: Ghana is exploring alternative refining hubs due to disruptions in Dubai amid the Iran conflict, affecting the country’s gold exports.
Nigeria Records 82 Lassa Fever Cases: Nigeria has reported 82 Lassa fever cases and 20 deaths in one week, highlighting the ongoing health crisis.
Global News
Global Markets Take a Breath: Global stocks steadied despite crude oil jumping to its highest since June, as investors await the outcome of the Middle East conflict.
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Climate Cooperation Urged: The UN emphasizes the need for climate cooperation to mitigate global disorder and address rising living costs.
Iran Accused of Sponsoring Terrorism in Nigeria: Israel’s Ambassador to Nigeria, Michael Freeman, has accused Iran of sponsoring terrorism in Nigeria and across Europe, citing the Islamic Movement of Nigeria (IMN) as an example.
Iran War Fallout: The conflict has sparked concerns over energy prices, global trade, and regional stability.
Stock Exchange News
NGX Halts Rally as Profit-Taking Drags Index 0.08% Lower: The Nigerian Exchange Limited’s All-Share Index (ASI) declined by 0.08% to settle at 196,463.22 points, with market capitalization shedding N101.9 billion to close at N126.1 trillion.
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Oil & Gas Stocks Extend Rally on NGX: The benchmark All-Share Index (ASI) advanced by 0.57% to close at 196,621.96 points, lifting the year-to-date (YTD) return to 26.35%.
Exchange Rate News
Dollar to Naira Exchange Rate Today, March 6, 2026: The Naira opened at 1,385.42 per dollar, with the exchange rate showing minor appreciation, settling at 1,385.20.
Pound to Naira Exchange Rate Today, March 6, 2026: The Naira opened at 1,850.30 per Pound Sterling, with the exchange rate experiencing minor volatility.
Notable Stock Performances
Vitafoam Nigeria PLC: Current price is 114.30 NGN, with a 52-week high of 129.80 NGN.
Scoa Nigeria PLC: Current price is 34.35 NGN, with a 3.80 NGN decrease.
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Entertainment News
Shank Comics Emerges Best Streamer at 2026 SiGMA Africa Awards: Nigerian comedian Shank Comics wins Best Streamer award, showcasing African digital talent.
Tyla Sparks Backlash Over NAACP Look: Tyla’s outfit at the NAACP Image Awards sparks controversy among fans and critics.
Tiwa Savage Launches Music Foundation: Tiwa Savage partners with Berklee College of Music to empower African creatives.
Fashion and Style News
Lagos Fashion Week SS26 Trend Report: Brown, metallics, and exaggerated hips dominate the runways, showcasing Nigerian designers’ creativity.
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Tabitha Brown Glows in Nigerian Label Desirée Iyama: Tabitha Brown stuns in an orange gown by Desirée Iyama at the NAACP Image Awards.
Wizkid Raises the Bar for Male Style: Wizkid rocks head-to-toe leather, while Pharrell Williams shines in a satin bomber.
Sport News
FA Cup Fifth Round Matches: Today, March 7, 2026, the FA Cup Fifth Round features exciting matches, including Mansfield Town vs Arsenal, Wrexham AFC vs Chelsea, and Newcastle United vs Manchester City.
Nigeria Boxing Trials: The Nigeria Boxing Federation concluded its national open trials, determining the boxers who will represent the country at the 2026 Commonwealth Games in Glasgow, Scotland.
World Relays Qualification: Nigeria begins its pursuit of qualification for the 2026 World Relays at the MTN Champs Athletics Classic in Calabar.
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Commonwealth Games: Nigeria will target medals in athletics, boxing, wrestling, and weightlifting at the 2026 Commonwealth Games in Scotland.
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