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...

 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...

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...

 Here are the breaking headlines that makes the rounds today. INEC 2027 Elections, Kebbi Governor Running Mate Change, Oby Ezekwesili Ports Deal, FCCPC Cement Probe, FAAC ₦3trn Allocation, Sokoto Benue Plateau Killings, NDLEA Cocaine Cartel Lagos, Boko Haram Adamawa Attack, Global Oil Prices, Bitcoin Ethereum Trends Good morning 🇳🇬 Nigeria Headlines Politics & Governance Campaign Trail Heats Up Presidential candidates Tinubu, Obi, and Sowore continue nationwide rallies after signing the Abuja peace accord. INEC confirmed preparations for over 100 million registered voters  and deployment of 1.4 million ad hoc staff  for the 2027 polls.   Kebbi Shake‑Up Governor Nasir Idris  dropped his deputy Umar Abubakar Tafida Arugungu as running mate for 2027, replacing him with Ibrahim Muhammad Augie, citing legal advice on eligibility.   Jonathan’s Warning Former President Goodluck Jonathan urged reforms to curb governors’ influence in off‑cycle electi...

The Federal Competition and Consumer Protection Commission (FCCPC)  has uncovered indications of possible price manipulation in Nigeria’s cement market , raising concerns about anti‑competitive practices in one of the country’s most strategic industries.   According to a 40‑page field report released after a three‑month cross‑border investigation, Nigeria has an installed cement production capacity of 60–65 million metric tons annually , while domestic consumption is estimated at just 25–30 million tons. Despite this surplus, cement prices have continued to rise sharply.   Market intelligence reviewed by the FCCPC showed that the price of a 50kg bag of cement, which sold for ₦9,300–₦9,700 in January 2026 , rose to ₦10,500–₦13,000 by mid‑year . By July, prices had climbed further to ₦13,000–₦15,000 per bag  in some parts of the country.    The Commission compared Nigeria’s cement prices with other African markets. In  Kenya  $5.40 per bag...

  Former Education Minister and public accountability advocate Oby Ezekwesili  has demanded the immediate termination of Nigeria’s £746 million ports financing agreement with the United Kingdom , describing the deal as “dodgy” and lacking transparency.   The agreement, signed earlier this year, involves financing for the redevelopment of the Apapa and Tin Can Island ports  in Lagos. The UK government pledged £746 million in support, with Nigerian authorities touting the project as a major step toward modernizing port infrastructure and boosting trade.   However, Ezekwesili raised concerns about the opaque nature of the contract, questioning whether due process was followed and whether the terms serve Nigeria’s long‑term interests. “This deal reeks of secrecy and potential exploitation. Nigerians deserve clarity on how such massive commitments are negotiated,” she said.   Civic technology group Budgit  echoed Ezekwesili’s concerns, callin...

 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...

Breaking news for Monday, August 17, 2026: INEC declares Ademola Adeleke winner of the Osun governorship election, Atiku challenges Tinubu over ₦4 trillion refinery spending, Kebbi Governor Idris drops his deputy as running mate, while NDLEA intercepts ₦23m cocaine shipment at Lagos Airport. 🇳🇬 Nigeria Headlines Politics & Governance Osun Governorship Election INEC declared Governor Ademola Adeleke  of the Accord Party winner of the Osun State governorship election, securing 511,067 votes against APC’s Bola Oyebamiji with 444,815. Adeleke won 19 LGAs, while Oyebamiji took 11. ADC’s Najeem Salaam came third.    Reactions Peter Obi hailed Adeleke’s victory as proof that “when people stand, democracy wins.” PDP described the win as a direct message to Tinubu and APC ahead of 2027. Tinubu himself congratulated Adeleke, calling the result “a fitting assurance democracy will flourish.”      Read More: Full Story Kebbi Politics Governor Nasir Idris dropped h...

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 are today’s breaking news headlines for Friday, August 14, 2026: Nigeria’s Osun election tensions intensify, Tinubu assures voters of security, Makinde calls for opposition coalition ahead of 2027, Babangida revisits coup and June 12 annulment, while globally fiscal transparency concerns and energy debates dominate. Good morning  🇳🇬 Nigeria Headlines Politics & Governance State Police Bill Deadline Extended Speaker Femi Gbajabiamila announced August 21 as the new deadline for stakeholders to submit memoranda on the proposed State Police Bill.   Read More: Full Story

The Economic and Financial Crimes Commission (EFCC) has announced a major breakthrough in Nigeria’s oil sector, recovering ₦115 billion  in levies owed to the Niger Delta Development Commission (NDDC) by oil companies.  The recovery, hailed as a significant step toward fiscal accountability, underscores the EFCC’s renewed focus on tackling corruption and enforcing compliance in Nigeria’s most lucrative industry.   According to EFCC Chairman Ola Olukoyede, the funds were retrieved after months of investigation into oil companies that had failed to remit statutory levies meant to support development projects in the Niger Delta region.  “This recovery is not just about numbers; it is about justice for communities that have long suffered neglect despite the wealth generated from their land,” Olukoyede said during a press briefing in Abuja.   Despite the recovery, the EFCC revealed that 24 oil firms still owe ₦76 billion and $81 million  in unpaid levi...

Here’s today’s full news digest. Nigeria’s Osun election tensions rise, Atiku vows to contest in 2027, EFCC recovers ₦115bn in oil levies, while globally the U.S. deports 3 million foreigners in 15 months and ECOWAS faces pressure over dirty fuel.   🇳🇬 Nigeria Headlines   Politics  Osun Election Tension The African Democratic Congress (ADC) has alleged a plot to arrest its National Secretary, Rauf Aregbesola, ahead of Saturday’s governorship election. The party warns this could disrupt campaign activities and intimidate opposition voices. Security deployment in Osun is already raising concerns among voters and observers.  Read More: Full Story

 Today’s bulletin highlights Nigeria’s ongoing security vigilance, economic reforms, and renewed efforts toward transparency and regional unity. The Effurun–Warri reconciliation initiative continues to gain traction as a model for cultural cooperation.   Good morning,   Here are today’s top stories:   National Security Update The Defence Headquarters has confirmed the arrest of two additional suspects linked to the alleged coup plot against President Bola Ahmed Tinubu. Intelligence reports suggest the suspects were coordinating logistics from Kaduna and Abuja.   Read More: Full Story

Today’s bulletin highlights Nigeria’s ongoing security vigilance, economic stabilization efforts, and renewed calls for transparency in governance. The Effurun‑Warri reconciliation talks signal a positive step toward cultural unity and regional branding.   Good morning,  Here are today’s top stories:   Presidential Security Alert The Nigerian Defence Headquarters has confirmed heightened security measures following reports of renewed threats linked to the alleged coup plot uncovered earlier this week. Military intelligence sources say investigations are expanding to include civilian collaborators.   Economic Watch The Central Bank of Nigeria has announced plans to inject $1.2 billion into the foreign exchange market to stabilize the naira, which traded at ₦1,480 to the dollar yesterday. Analysts predict short‑term relief but warn of inflationary pressure if fiscal reforms stall.   Political Reactions Former Vice President Atiku Abubakar has d...

 Today’s breaking news in Nigeria, Thursday, August 6, 2026: EFCC freezes Osun State Government accounts over alleged N11bn fund mismanagement, 176 kidnap victims regain freedom in Kwara, and Dangote Refinery slashes petrol price to ₦1,165 per litre.    National Politics & Governance EFCC freezes Osun accounts Ten days to the Osun governorship election, EFCC froze state government accounts linked to First Bank, citing investigations into alleged mismanagement of ₦11bn ecology and intervention funds. The Osun government has threatened legal action, calling the move unlawful.   Read More: Full Story   Makinde & Obi criticize leadership Oyo Governor Seyi Makinde and NDC presidential candidate Peter Obi flayed Nigeria’s governance crisis, urging pragmatic reforms.   Read More: Full Story  Tinubu reforms credited The Presidency says Tinubu’s reforms are responsible for strong corporate performance despite grassroots hardship.   R...

Breaking News Bulletin for Nigeria — Wednesday, August 5, 2026: Tinubu approves up to 80% salary increase for armed forces, nationwide protests kick off under Take‑It‑Back Movement, and INTERPOL flags AI‑driven cybercrime as a growing threat.   Good morning  National Politics & Governance Tinubu raises military pay President Bola Tinubu approved salary increases of 30–80% for Nigeria’s armed forces personnel effective September 1, 2026. About 250,000 officers will benefit, raising the annual wage bill from ₦660bn to ₦924bn.   Read More: Full Story   Electoral Act ruling A Federal High Court in Abuja dismissed the NDC’s suit challenging provisions of the Electoral Act 2026, ruling they complement the Constitution.   Read More: Full Story  Police invite VeryDarkMan Social media activist Martins Vincent Otse, aka VeryDarkMan, was invited to substantiate allegations against AIG Moshood Jimoh.   Read More: Full Story 

President Bola Tinubu has approved a significant salary increase for Nigeria’s armed forces personnel, effective September 1, 2026.  The move is part of his administration’s broader effort to improve welfare, morale, and operational efficiency within the military.   Pay will rise between 30% and 80%, depending on rank and cadre.   About 250,000 officers and men across the Army, Navy, and Air Force will benefit.   The annual wage bill climbs from ₦660bn to ₦924bn, reflecting the new pay structure.   Tinubu emphasized that improved welfare is essential for operational readiness and national security.   Higher pay is expected to reduce attrition and attract skilled recruits.   The decision comes amid ongoing challenges with insurgency, banditry, and cyber threats.   Military personnel welcomed the move, calling it overdue recognition of their sacrifices.   Economists warn the increase could str...

Today’s breaking news in Nigeria, and around the world, Tuesday, August 4, 2026: the Federal Government sets September 3 for submission of the State Police Bill, NNPC cuts petrol price to ₦1,299 per litre, and INTERPOL warns AI now drives 55% of cybercrime in Africa.    Good morning World National Politics & Governance - State Police Bill     Chief of Staff Femi Gbajabiamila confirmed the draft bill will be presented to President Tinubu on September 3, 2026, after a seven‑week review. Public consultations will follow before implementation.    Read More: FULL STORY  - Osun political tension    Governor Ademola Adeleke urged Tinubu to halt violence, accusing opponents of fueling unrest ahead of elections.    Read More: FULL STORY - Certificate saga   ADC chieftains Kenneth Okonkwo and Kalu Kalu challenged Tinubu’s qualifications, alleging forgery in submitted certificates.   

  Nigeria has announced a major policy shift: electricity subsidies will be phased out starting in 2027, but officials insist there will be no immediate tariff hikes.  The move is designed to clear legacy debts, stabilize the power sector, and attract new investment.    Nigeria has long relied on electricity subsidies to keep tariffs low, but this created massive fiscal liabilities.   Subsidy costs reached ₦3 trillion by early 2024, with debts to power generation companies (GenCos) estimated at ₦6.5 trillion.    The Federal Government says the current system is unsustainable and undermines investment in generation, transmission, and distribution.   The policy announcement by the Minister of Power Joseph Tegbe confirmed that subsidy removal will begin in 2027, implemented gradually rather than abruptly.    Tegbe emphasized that there are no immediate tariff hikes. Consumers will not face sudden increases.   The governm...