By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
National News
U.S. Embassy in Nigeria Closes for Eid-El-Fitr Holiday: The U.S. Embassy in Nigeria has announced a temporary closure of its offices in Abuja and Lagos in observance of the Eid-El-Fitr holiday.
Nigerian Troops Repel Base Assault, Kill 80 Insurgents: Nigerian soldiers backed by air support repelled an attack by suspected Islamic militants on a military base in northeastern Nigeria, killing at least 80 fighters.
Nigeria’s Power Sector Faces 2026 Liquidity Inflection: The recent issuance of a N501.02 billion bond by the Nigerian Bulk Electricity Trading Plc is a step towards addressing the country’s power sector challenges.
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Maiduguri Explosions: Survivors Recount Ordeals: Survivors of the recent bomb blasts in Maiduguri, Borno State, have recounted their experiences, describing the attacks as reminiscent of a war situation.
President Tinubu’s UK Visit: President Bola Tinubu’s ongoing state visit to the UK has been described as a “diplomatic excursion” by Human rights lawyer Omoyele Sowore.
Tinubu’s UK Visit Sparks Controversy: President Bola Tinubu’s state visit to the UK has been criticized by opposition figures, including Kenneth Okonkwo, who accused the president of “dancing on the graves of fallen Nigerians” amid recent terrorist bombings in Maiduguri.
Government Directs Political Appointees to Resign: President Tinubu has directed political appointees seeking elective offices to resign before March 31, 2026.
Maiduguri Bombings: At least 23 people were killed and over 100 injured in bombings in Maiduguri, Borno State, with Boko Haram suspected to be behind the attacks.
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Senate Assures on State Police: The Senate has assured Nigerians that concerns about state police will be addressed as part of ongoing constitutional reforms.
Troops Repel Base Assault: Nigerian troops repelled an attack on a military base in Borno State, killing at least 80 insurgents.
International News
Iran Hits Gulf Energy Sites After Attack on Gas Field: Iran retaliated against attacks on its gas facilities by striking oil facilities in the Persian Gulf, escalating tensions with the US and Israel.
US Offers $2,600 Exit Bonus to Illegal Immigrants: The US Department of Homeland Security announced a scheme offering financial incentives and free travel to undocumented migrants who choose to leave the country voluntarily.
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Kim Jong-Un Re-Elected with 99.93% of Votes: North Korean leader Kim Jong-Un secured a landslide victory in the country’s elections, with only 0.07% voting against him.
African News
Dozens Killed in Multiple Explosions in Maiduguri: At least 23 people were killed in bombings in Maiduguri, Nigeria, suspected to be carried out by Boko Haram.
South Africa’s Eskom Electricity Tariffs to Increase 8.76%: Eskom, South Africa’s power utility, announced an 8.76% increase in electricity tariffs from April.
Morocco to Host UNECA Conference: Morocco will host the 58th United Nations Economic Commission for Africa (UNECA) conference, focusing on African finance and economic development.
Global News
Oil Prices Surge Amid Iran Conflict: Oil prices pushed above $100 per barrel as Iran’s retaliatory strikes on oil facilities disrupted global supply chains.
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Fed Meeting to Dominate Markets: The US Federal Reserve’s policy meeting is expected to be a key focus, with investors watching for hints on inflation and interest rates amid the Iran conflict.
Global Economy Under Threat: The ongoing Iran conflict has raised concerns about global economic instability, with potential impacts on trade, energy prices, and growth.
Stock Exchange News
The Nigerian Stock Exchange’s All: Share Index (ASI) dropped 1,402.55 points (-0.69%) to close at 201,156.86, with a year-to-date gain of 29.27%.
- Market capitalization stood at NGN 129.15 trillion.
- Top gainers include Secure Electronic Technology (+10%), Guinness Nigeria (+9.92%), and John Holt (+9.72%).
- Top losers include Red Star Express (-9.98%), Aradel Holdings (-9.68%), and Presco (-9.3%) ¹ ².
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Exchange Rate News
- The Nigerian Naira appreciated to N1,344.4158 per US Dollar in the official market.
- In the parallel market, the Naira is trading at N1,410 (buying) and N1,420 (selling) per US Dollar.
- The Central Bank of Nigeria’s interventions have supported the Naira’s value.
Entertainment News
Tiwa Savage Unveils Music Foundation: Afrobeats star Tiwa Savage has launched the Tiwa Savage Music Foundation to train 100 young talents in Nigeria, offering education, mentorship, and exposure.
Saheed Osupa Sets Guinness Afrobeats Record: Saheed Osupa, Malaika, and 83 other musicians have set a new Guinness World Record for the largest Afrobeats orchestra.
Influencer Asherkine Refutes Scripted Video Claims: Influencer Asherkine has denied accusations that his viral “canteen worker” video was scripted.
Fashion and Style News
Lagos Fashion Week SS26 Trends: Lagos Fashion Week showcased stunning collections from over 60 African designers, featuring bold trends like metallics, iridescents, and statement orange hues.
Nigerian Collections Wow at Met Gala: Nigerian designers like Veekee James and Hertunba are making waves with their creative and culturally-inspired pieces, perfect for the 2026 Met Gala theme “Costume Art”.
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Sustainable Fashion Takes Center Stage: Designers are incorporating recycled materials into their collections, promoting eco-friendly fashion.
Sport News
FIFA Fines Nigeria and DR Congo: FIFA has fined Nigeria and DR Congo over safety breaches and laser pointers during their 2026 World Cup African qualifying match.
Super Eagles Face Jordan in Friendly: Nigeria will face Jordan in an international friendly in March 2026 as part of their preparations for future competitions.
NFF Appeals FIFA Ruling: The Nigeria Football Federation has appealed FIFA’s decision rejecting their petition on DR Congo players’ eligibility in the 2026 World Cup playoff.
Chukwuebuka Enekwechi Wins Shot Put: Nigerian shot put star Chukwuebuka Enekwechi won the men’s shot put event at the World Athletics Indoor Tour Silver label meet with a season’s best throw of 20.82 meters.
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Nigeria at the 2026 Winter Olympics: Nigeria will compete at the 2026 Winter Olympics in Milan and Cortina d’Ampezzo, Italy, with athletes participating in cross-country skiing and bobsleigh/skeleton.
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