GBI&I Media News Blog

 Today, Wednesday, August 19, 2026. Nigeria officially enters the 2027 election campaign season as candidates sign a peace accord, Oby Ezekwesili demands termination of a £746m UK ports deal, FCCPC uncovers cement price manipulation, and FAAC revenue surges to ₦3 trillion. Globally, markets remain steady while security concerns rise in parts of Nigeria. Good morning 🇳🇬 Nigeria Headlines Politics & Governance 2027 Campaigns Begin INEC confirmed that Nigeria’s 2027 general election campaigns officially commenced today. Tinubu, Obi, Sowore, and other candidates signed a peace accord , with INEC pledging neutrality. Tinubu warned opposition parties not to weaponize ethnicity or religion.      Read More:   INEC Declares Start of 2027 Election Campaigns as Candidates Sign Peace Accord Jonathan’s Warning  Former President Goodluck Jonathan criticized the influx of governors and senior politicians into off‑cycle elections, calling for new rules to protec...

Weekly Business & Finance roundup: EFCC recovers ₦115bn in oil levies, Nigeria fails fiscal transparency test, OPEC quota met, ECOWAS faces dirty fuel debate, and global markets react to U.S. immigration and oil prices. Nigeria’s Economy EFCC Oil Sector Recovery The EFCC announced recovery of ₦115 billion in levies owed to the Niger Delta Development Commission (NDDC) by oil companies. However, 24 firms still owe ₦76 billion and $81 million, highlighting persistent fiscal transparency challenges.   Fiscal Transparency Concerns The U.S. State Department’s 2026 Fiscal Transparency Report found Nigeria failed minimum requirements for the second consecutive year. Government officials pushed back, insisting reforms are underway.   CBN Sandbox Programme The Central Bank of Nigeria launched Cohort 2 of its Regulatory Sandbox Programme, inviting fintechs and Virtual Asset Service Providers to test innovative financial solutions.    OPEC Quota Compl...

Here’s your Weekly Business and Finance Report for the week ending July 26, 2026. Combining bothe global and Nigeria-focuses updates.  Welcome and Good evening. Global Market Highlights Bitcoin rebound     Rose 0.8% near $65,000 resistance, buoyed by optimism around Middle East ceasefire talks. Oil prices dipped 10% to $87 Brent crude, easing inflationary pressure.   Walmart performance     Stock fell 4.2% to $109.47, despite e‑commerce growth (+26%) and ad revenue (+37%). Investors await Amazon’s earnings for sector comparison.   Bitcoin ETF slump     NEOS Bitcoin High Income ETF cut monthly distributions from $1.04 to $0.65, yield dropping to 8%. ETF down 23% YTD, underscoring crypto volatility.   Alphabet stock outlook     Analysts maintain strong buy rating. Alphabet dominates 90% web search, 70% Android OS, and 3B Gmail users. Consistent revenue growth since 2012 (except Q2 20...

The Report brings you today’s top developments shaping politics, the economy, global affairs, entertainment, and community life. From new voter registration plans to a literacy campaign lighting up Lagos, today’s headlines reflect progress, resilience, and purpose across the nation.   Good morning, Nigeria. 🟧 Politics INEC Announces New Voter Registration Drive Ahead of 2027 Elections   The Independent National Electoral Commission (INEC), now led by Professor Joash Ojo Amupitan, SAN, has launched a nationwide voter registration campaign beginning May 20. The initiative targets first‑time voters and aims to update existing records to ensure transparency in the 2027 general elections.   Former Chairman Mahmood Yakubu, during a retreat in April 2025, had urged Nigerians to “take ownership of the democratic process.” His call remains relevant as Prof. Amupitan emphasizes transparency, neutrality, and inclusivity under his leadership.   R...

Have you ever noticed the woman on your street selling tomatoes, onions, and peppers? She runs a small business, yet she struggles to attain wealth. In stark contrast, the owners of Walmart have established a thriving business empire, amassing considerable wealth. What sets these two examples apart? 1. The Power of Mindset: The owners of Walmart operate with a mindset geared towards expansion and success. They envision their business thriving in multiple countries simultaneously. On the other hand, the woman selling tomatoes has a more localized mindset, limiting her business to a single street. 2. Strategic Planning: Walmart's success is driven by strategic planning aimed at attracting high-paying customers. They invest in building attractive, well-maintained stores that appeal to their target audience. Meanwhile, the local tomato seller lacks a strategy to draw in affluent customers. Her focus remains on serving local residents and villagers, often in less appealing c...