Nigeria — Local & Political Focus
Tinubu Urges Local Investment
President Bola Tinubu calls on Nigerians to deepen participation in the capital market after the Nigerian Exchange Group (NGX) crossed ₦100 trillion in market capitalization, framing it as a sign of economic confidence.
INEC Funding Record
Tinubu’s 2026 budget includes a ₦1.01 trillion allocation to INEC, marking a historic high as preparations intensify for the 2027 general elections.
Rivers State Political Update
The Coalition of United Political Parties (CUPP) reports that Tinubu has gained political leverage amid the ongoing Fubara–Wike crisis, a flashpoint with implications for the 2027 elections.
Shettima Reassures Nigerians
Vice President Kashim Shettima reaffirms that the government is committed to peace, security, and prosperity, highlighting ongoing governance and security initiatives.
Security Update
Federal authorities convened an emergency meeting after renewed attacks in Zamfara, Katsina, and Niger States, with military patrols intensified to curb banditry and kidnappings.
Fuel & Transport
Oil marketers warn of a possible petrol price review, while transport unions caution commuters about potential fare increases if subsidy pressures persist.
Naira Watch
The naira opens weaker across parallel markets, reflecting tight FX liquidity and rising inflation concerns.
Power Sector
National grid instability prompts DisCos to announce load shedding across Lagos, Abuja, and Port Harcourt.
Education
States begin talks to implement the FG’s uniform academic calendar, with private schools raising concerns about readiness.
Aviation & Weather
Flight delays reported at Lagos and Abuja airports due to operational and weather issues; heavy rain in the South and persistent Harmattan in the North are expected to affect commuters.
Global
Iran Protests
Authorities confirm new arrests amid nationwide protests in Iran, with reports of potential death penalties for key participants. Internet access remains heavily restricted, raising international concern.
United States–Nigeria Relations
The White House has clarified President Donald Trump’s comments on Nigeria, stating that no immediate military action is planned but options remain under review.
Russia–Ukraine Conflict
Heavy fighting continues along eastern frontlines, with winter conditions complicating humanitarian access.
Africa Watch
ECOWAS leaders hold emergency consultations on coups, elections, and regional security threats across West Africa.
Global Economy & Markets
Asian markets opened mixed, with investors cautious ahead of US inflation data due later today.
Migration & Borders
Several European countries tighten border controls amid rising migration pressures during winter.
What to Watch Today
Security developments in Northern Nigeria
Petrol pricing announcements and transport fares
Naira and FX market movements
Rivers State political developments
Implementation of the uniform academic calendar
Global market reactions to inflation and geopolitical events
US–Nigeria relations updates
Iran protest developments
