Governors Back Tinubu’s Oil Revenue Reform: The 36 state governors have endorsed President Bola Tinubu’s reforms requiring oil and gas revenue entitlements to be remitted directly into the Federation Account. This move is expected to strengthen fiscal transparency and predictability.
Wike Defends PDP: Minister of the Federal Capital Territory, Nyesom Wike, has reaffirmed his loyalty to the Peoples Democratic Party (PDP) and insisted the party will recover from its current challenges. Wike also dismissed claims that a candidate must control a large number of governors to win a presidential election.
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2027 Elections: The Independent National Electoral Commission (INEC) has released a revised timetable for the 2027 general elections, with the presidential election scheduled for January 16, 2027. However, opposition parties have expressed concerns over the new schedule and legal requirements.
State Police: The Senate has pledged to fast-track the constitutional amendment for the creation of state police, aiming for completion before the end of the year.
Tinubu’s State Visit to UK: Nigerians in the UK are mobilizing support for President Tinubu’s upcoming state visit, scheduled for March 18-19, 2026.
Security Concerns: The Nigerian Army has foiled coordinated ISWAP attacks in Borno, killing 10 terrorists, while an Army Major lost his life in the operation. The Joint Task Force (North East) Operation HADIN KAI has demonstrated resilience and battlefield dominance.
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Suicide Crisis: Nigeria records one suicide every 33 seconds, with an estimated 15,000 to 16,000 Nigerians dying by suicide annually. Anti-suicide advocacy group, Suicide Is No Solution, is raising awareness and calling for responsible content creation.
Economic Update: Nigeria’s Net External Reserves rose 50.5% to $34.8 billion, highlighting the country’s enhanced capacity to meet external obligations and support exchange rate stability.
Fuel Price Hike: Dangote Refinery has increased its Premium Motor Spirit (PMS) gantry price by N100, from N774 to N874 per litre, sparking concerns over fuel price hikes nationwide.
Election Preparations: INEC Chairman Prof Joash Amupitan warns that the 2027 polls may not be 100% perfect, citing operational and logistical challenges.
US Security Alert: The US government has issued a security alert to its citizens in Nigeria following escalating hostilities between the US and Iran.
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International News
Middle East Conflict Escalates: The conflict between the US, Israel, and Iran has intensified, with Iran vowing to attack ships trying to pass through the Strait of Hormuz. The US has warned Americans to leave the region immediately, citing serious safety risks. Oil prices have surged, and global markets are feeling the impact.
Drones Attack Congo Airport: Suspected rebel drones attacked Kisangani airport in the Democratic Republic of Congo, blamed on the AFC/M23 rebel group and neighbouring Rwanda.
Guinea Signs Health Agreement with US: Guinea has signed a $143 million health cooperation agreement with the US, aiming to strengthen malaria fight, polio elimination, and healthcare systems.
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African News
Congo-Zambia Copper Corridor Reopens: The main copper export corridor between Congo and Zambia has reopened after road damage halted flows.
Senegal Politics: Prime Minister Ousmane Sonko says his party may quit the government if President Bassirou Diomaye Faye diverges from their vision.
US Health Deals in Africa: At least 17 African countries have signed health deals with the US, sparking concerns over data sharing and sovereignty.
Iran Crisis: The UN nuclear watchdog has urged restraint amid escalating strikes in the Middle East, warning of increased risk to regional nuclear safety. The conflict has led to attacks on shipping in the Strait of Hormuz, with one seafarer killed and several injured.
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US-Kuwait Incident: The US has clarified that three F-15E fighter jets crashed in Kuwait due to “friendly fire” during a military operation.
India-Canada Uranium Deal: India and Canada have signed a landmark uranium deal, setting a $50 billion trade target.
Forest Finance: The Tropical Forests Forever Facility aims to secure $10 billion by 2026 to support forest conservation and restoration, with Norway and Germany contributing $3 billion and €1 billion, respectively.
Stock Market:
– S&P 500: 6820.20 (-0.81%)
– Nasdaq: 24724.60 (-0.94%)
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Forest Exchange: The Forest Finance Roadmap has been launched to provide a framework for public and private finance to achieve forest conservation goals.
Tropical Forests Forever Facility: Aims to mobilize $10 billion for forest conservation and restoration.
Forest Future Alliance: Launched at the World Economic Forum to support responsible forest investment and conservation.
European Union Deforestation Regulation: Prohibits sale of products linked to deforestation, driving demand for deforestation-free commodities.
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Fashion and Style
Spring 2026 Trends: Peplum jeans, micro trends, and bold colors are making waves this season. Celebrities like Daisy Edgar-Jones and Zoë Kravitz are embracing short haircuts and statement accessories.
Red Carpet Fashion: At Milan Fashion Week, Demi Moore debuted a sleek bob and leather look. Rosalía turned heads at the Brit Awards in a custom Chanel ensemble.
Music Influences Fashion: Artists like BTS, Harry Styles, and Bad Bunny are driving fashion trends with their bold styles. K-pop’s influence on global fashion continues to grow, with collaborations between luxury brands and artists.
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Entertainment News
- Director 4K has hit a milestone in Nigeria’s music video industry, reflecting the growing influence of Abuja-based creatives.
- DJ Pretty Play has spoken about the gender bias she faces in the music industry, stating that male DJs think she gets gigs because of her looks.
- Nollywood actress Angela Okorie has been remanded in Suleja prison over cybercrime allegations.
Actor Awards 2026: The 32nd Annual Actor Awards took place, celebrating outstanding performances in film and television. Michael B. Jordan won Outstanding Actor in a Leading Role for “Sinners”, while the cast of “Sinners” took home Outstanding Performance by a Cast in a Motion Picture.
Red Carpet Highlights: Teyana Taylor stunned in a custom Thom Browne gown, while Wunmi Mosaku shone in a crimson Louis Vuitton dress. Kristen Bell hosted the event in a grey gleaning gown.
Sports News
- Real Madrid was defeated 1-0 by Getafe at home in La Liga, marking their second consecutive loss. Martín Satriano scored the winning goal with a superb volley.
- The Super Falcons are regrouping after a 1-0 defeat to Cameroon and will face them again in a friendly match.
- Nigerian female footballer Ihotu John Rebecca was kidnapped and her abductors are demanding a ₦20 million ransom.
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