Skip to main content

Breaking News — Friday, July 31, 2026

Image
By
Today’s breaking news in Nigeria (Friday, July 31, 2026) includes the Federal Government announcing plans to end electricity subsidies from 2027, MTN Nigeria posting record profits of ₦1.09 trillion in H1 2026, and the naira holding steady at ₦1,379/$1 officially and ₦1,409–₦1,420/$1 in the parallel market.  





National Policy & Economy


FG to end power subsidy  

  Minister of Power Joseph Tegbe confirmed subsidy removal will begin in 2027, phased gradually to avoid shocks. He assured no immediate tariff hikes, but the move is aimed at reducing fiscal pressure and improving efficiency in the electricity sector.  
Read More: FULL STORY




Fuel subsidy savings explained  

  The government says savings from fuel subsidy removal are being used for debt servicing, salaries, minimum wage implementation, and student loans.  
Read More: FULL STORY





Y

Business & Finance


MTN Nigeria record profit 

  MTN reported ₦1.09 trillion profit before tax in H1 2026, up 75.4% year‑on‑year. Revenue rose to ₦2.99 trillion, and shareholders will receive an interim dividend of ₦26 per share on September 7, 2026.  
Read More: FULL STORY



Dollar to naira exchange rate  

  Official rate: ₦1,379/$1.  
  Parallel market: ₦1,409–₦1,420/$1.  
  Analysts say stability is due to improved liquidity and CBN interventions.  
Read More: FULL STORY





Security & Governance


Arms destruction exercise 

  Nigeria’s arms control agency destroyed thousands of seized weapons to prevent re‑circulation amid rising insecurity.  
Read More: FULL STORY



Benue & Kaduna attacks  

  Armed men killed villagers in Benue (Efeyi, Otukpo area) and Kaduna (Naridon, Kauru LGA). Security forces have been deployed.  
Read More: FULL STORY


Tinubu on opposition  

  President Bola Tinubu declared that opposition parties must “fight to the finish” in 2027 elections, sparking criticism from ADC and Atiku Abubakar, who urged focus on insecurity instead.  
Read More: FULL STORY







International Relations


US halts visa processing  

  The US announced suspension of routine visa processing at its Abuja embassy and 24 other African missions from August 1, 2026.  
Read More: FULL STORY



Nigeria–South Africa tensions 

  Both governments agreed to ease tensions after xenophobic attacks on Nigerians in South Africa.  
Read More: FULL STORY





📌 Quick Takeaway

- Policy shift: Electricity subsidy removal from 2027.  

- Business boom: MTN posts record ₦1.09 trillion profit.
  
- Currency watch: Naira stable at ₦1,379/$1 official. 
 
- Security alerts: Deadly attacks in Benue & Kaduna.  

- Global ties: US halts visa processing in Abuja embassy.  







Link here: Advertise with Us







Support Independent Journalism at GBI&I MEDIA link here

Labels:

Comments

Post a Comment

Popular posts from this blog

The Report – Breaking Stories: Headlines Meets Clarity

By
Good morning Nigeria, this is The Report, and I’m Abigail Iyade. Here are today’s breaking stories shaping Nigeria and the world.  🇳🇬 Nigeria Tinubu Meets Service Chiefs President Bola Tinubu held a high‑level security meeting at Aso Rock with Service Chiefs amid rising insecurity, especially after fresh attacks in the North‑East.   WAEC Deadline Extended  The West African Examinations Council has extended the 2026 WASSCE registration deadline to March 13, urging candidates to finalize applications as no further extension will be granted.   Troops Strike Back Nigerian forces killed over 20 insurgents in Yobe following an ISWAP attack, as military hardware upgrades were approved by Tinubu.   🌆 Lagos Police Eye Care Initiative Lagos State Government partners with Zone 2 Police Command to provide free vision screening and corrective glasses to 1,000 officers, boosting operational efficiency.   Court Restraint A Lagos High Cou...
Post a Comment
Read more

THE REPORT — BREAKING STORIES EDITION Thursday, December 11, 2025

By
By Abigail Iyade Good morning, this is The Report, and I’m Abigail Iyade.   Here are today’s top briefings shaping Nigeria’s national conversation. TINUBU SETS UP HIGH‑LEVEL COMMITTEE OVER ₦4 TRILLION CONTRACTOR DEBT President Bola Ahmed Tinubu has established a special committee to address the Federal Government’s ₦4 trillion debt owed to more than 2,000 contractors.   The President was reportedly displeased after receiving a detailed briefing from the Bureau of Public Procurement.   The committee is expected to verify claims and recommend immediate payment pathways to ease pressure on the construction and infrastructure sectors. TINUBU ORDERS WITHDRAWAL OF POLICE ESCORTS FROM MINISTERS AND TOP OFFICIALS In a major security restructuring, President Tinubu has directed the withdrawal of police escorts from ministers and senior government officials.   The move aims to redeploy officers back to core policing duties across the country, st...
Post a Comment
Read more

THE REPORT — BREAKING STORIES EDITION Wednesday, February 25, 2026

By
THE REPORT — BREAKING STORIES EDITION Wednesday, February 25, 2026   Presented by Abigail Iyade   Headlines Meets Clarity Good morning, this is The Report, and I’m Abigail Iyade. Here are today’s breaking stories shaping Nigeria and the world.   🇳🇬 Nigeria Headlines Tinubu Appoints New IGP  President Bola Tinubu accepts the resignation of Inspector‑General of Police Kayode Egbetokun and appoints Tunji Disu as Acting IGP, praising Egbetokun’s service to the nation.   El‑Rufai Arraignment Former Kaduna State Governor Nasir El‑Rufai faces arraignment today at the Federal High Court in Abuja on charges of alleged cybercrime and breach of national security.   🌆 Lagos Headlines Missing UTME Applicant Family appeals for help in locating 20‑year‑old AbdulBasit Muhammad, who went missing while registering for JAMB in Ajangbadi, Lagos.   Fatal Crash on Badagry Expressway   Dangote Group and LASTMA mourn the death...
Post a Comment
Read more