GBI&I Media News Blog

Today’s headlines spotlight Nigeria’s political developments, economic challenges from rising commodity prices, global security concerns, cultural milestones in entertainment and sports, and urgent community issues affecting Lagos residents.   Good morning  🟧 Politics National Assembly Moves to Amend Revenue Sharing Formula   Nigeria’s National Assembly has initiated debate on amending the revenue allocation formula between federal, state, and local governments. Lawmakers argue that the current framework is outdated and fails to meet developmental needs.   Read More → Revenue Sharing Debate    🟩 Economy Naira Weakens Further Against Dollar   The naira has fallen to ₦1,650 per dollar in parallel markets, intensifying inflationary pressures and raising concerns about Nigeria’s foreign exchange reserves. Analysts warn that continued depreciation could worsen living costs and erode investor confidence.   Read More → Naira De...

Today’s headlines span politics, economy, global affairs, entertainment, and community updates. From Nigeria’s shifting alliances to international rulings and cultural milestones, here’s what you need to know.   Good morning 🟧 Politics Senate Debates Electoral Reform Bill Nigeria’s Senate has opened debate on a new Electoral Reform Bill aimed at strengthening transparency in the 2027 elections. Key provisions include biometric voter verification and stricter campaign finance rules. Supporters say it will curb malpractice, while critics warn of implementation challenges.   Read More: Electoral Reform Bill   🟩 Economy CBN Raises Interest Rate to 20% The Central Bank of Nigeria (CBN) has raised its benchmark interest rate to 20%, citing inflationary pressures and currency volatility. Analysts expect borrowing costs to rise, but the move could stabilize the naira in the short term.   Read More: CBN Interest Rate    ⚪ Global UN Court Rules ...

Good morning Nigeria. I am Abigail Iyade. Here are today’s breaking stories shaping Nigeria and the world today.  🇳🇬 Nigeria Atiku’s Final Run Former Vice President Atiku Abubakar announced that the 2027 election will be his last attempt at contesting the presidency, calling it a high‑stakes contest for Nigeria’s future.   ADC Crisis   Leadership wrangles continue in the African Democratic Congress (ADC), with INEC removing David Mark from its records amid deepening internal disputes.   Military Burials Tributes poured in as the Nigerian military buried General Braimah and six soldiers killed in a Borno terrorist ambush.   🌆 Lagos Hospital Scandal   The Lagos State Police Command is investigating the alleged disappearance of a newborn at a private hospital in Ikotun, after a mother accused staff of withholding one of her twins.   Political Moves Deputy Governor Obafemi Hamzat is intensifying consultations with APC blo...