GBI&I Media News Blog

The Central Bank of Nigeria (CBN)  has successfully raised ₦700 billion  through the sale of Treasury Bills in its second auction for August 2026, underscoring its commitment to stabilizing liquidity and curbing inflationary pressures.   According to official figures, the bills were sold across three tenors:   - 91‑day bills attracted strong demand from short‑term investors.   - 182‑day bills  saw moderate uptake, reflecting cautious sentiment.   - 364‑day bills  accounted for the bulk of subscriptions, as institutional investors sought higher yields.   The auction was oversubscribed, with bids exceeding the offered amount, highlighting investor confidence in Nigeria’s debt instruments despite economic challenges.   The sale comes amid rising inflation and currency volatility. Analysts say the CBN is using Treasury Bills as a tool to mop up excess liquidity, stabilize the naira, and manage inflationary tren...

President Bola Tinubu  has issued a sweeping directive to Nigeria’s defence and intelligence chiefs, ordering them to produce a comprehensive national threat assessment and five‑year defence strategy within 90 days .  The move is part of efforts to overhaul Nigeria’s security architecture amid escalating violence across the country.   Speaking at a high‑level security council meeting in Abuja, Tinubu emphasized that Nigeria must transition from a reactive security posture  to a proactive and preventive strategy .  He tasked the military, police, DSS, and other agencies with identifying emerging threats, assessing vulnerabilities, and outlining a roadmap for long‑term stability.   “This administration will not tolerate piecemeal responses to insecurity. We must anticipate, prepare, and neutralize threats before they destabilize our nation,” Tinubu declared.   The ultimatum comes in the wake of renewed violence in Sokoto, Benue, and Platea...

 Today, Thursday, August 27, 2026: Tinubu gives security chiefs a 90‑day ultimatum to produce a five‑year defence strategy, Atiku says he is “ competing with thieves ” in the 2027 race, security forces foil a bandit attack in Sokoto, and the CBN sells ₦700bn in Treasury Bills.  Good morning 🇳🇬 Nigeria Headlines Security & Governance Tinubu’s Ultimatum President Bola Tinubu directed defence and intelligence chiefs to submit a national threat assessment and five‑year defence strategy within 90 days , aiming to shift Nigeria’s security posture from reactive to proactive.  READ MORE: FULL STORY Sokoto Attack Foiled Security forces killed several bandits while thwarting an assault on Sifawa town in Bodinga LGA , home of former Army Chief Lt. Gen. Faruk Yahaya.   Politics Atiku’s Claim Former VP Atiku Abubakar , ADC presidential candidate, declared he is “competing with thieves” who have stolen the election and economy. He reiterated his plan to restore fuel su...

  Former Vice President Atiku Abubakar , presidential candidate of the African Democratic Congress (ADC) , has sparked controversy with his latest remarks, declaring that he is “competing with thieves” in the 2027 election.   Speaking at a campaign rally in Abuja, Atiku accused his rivals of looting Nigeria’s economy and manipulating the electoral process. “I am not just running against politicians. I am competing with thieves who have stolen our future,” he said, drawing loud applause from supporters.   Atiku’s comments were widely interpreted as a direct attack on the ruling All Progressives Congress (APC)  and its candidate, President Bola Tinubu , though he did not mention names explicitly.   Atiku reiterated his pledge to restore a targeted fuel subsidy , arguing that Nigeria is wealthy enough to cushion citizens from economic hardship. He claimed that the removal of subsidies under Tinubu’s administration has worsened poverty and inflation....

Today, Wednesday, August 26, 2026: President Tinubu orders a rescue operation after a mass abduction in Niger State, NNPCL raises petrol prices to ₦1,270 per litre, Peter Obi challenges Tinubu to a public debate, Atiku unveils a targeted subsidy plan, and the U.S. hails Dangote Refinery for boosting Nigeria’s petroleum exports sevenfold. 🇳🇬 Nigeria Headlines Security & Governance Niger Mass Abduction President Bola Tinubu directed the Armed Forces, Police, DSS, and other agencies to launch a coordinated rescue operation after dozens were abducted in Niger State. He condemned the killings and assured families of government support.   Jonathan’s Call Former President Goodluck Jonathan  urged reforms to reduce governors’ influence in off‑cycle elections, warning of risks to democratic integrity.   Politics Peter Obi vs Tinubu Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC ), challenged Tinubu to stop “hiding in Aso Rock” and face N...

Good morning.  Here are today’s top stories:   National Security The controversy surrounding a Northern senator who distributed sticks as “weapons” for self‑defense continues to dominate public discourse. Civil society groups have called for disciplinary action, describing the gesture as “insensitive and dangerous.”   Economic Update The Central Bank of Nigeria has begun auditing the ₦500 billion SME intervention fund amid corruption allegations. Officials say the review will ensure transparency and restore public confidence.   Political Watch The Senate Committee on Works has postponed its hearing on the ₦20 billion Chagoury‑linked contracts to Wednesday, citing new evidence from the Ministry of Finance.   Delta State Focus Organizers of the Effurun–Warri cultural unity festival have unveiled the event’s theme — “One Delta, One Voice.” The festival aims to promote peace and tourism across the twin cities.   Security Ope...