Tinubu promises tariff relief, support for Nigerian media
President Bola Ahmed Tinubu has pledged to review tariffs on newsprint, broadcast equipment and other materials used by media organisations in a move aimed at easing financial pressures facing the Nigerian media industry. The President also assured media leaders of government support in addressing what they described as the growing dominance of global technology companies and their alleged anti-competitive practices...
Oil prices rise as Iran war halts supply
Oil prices rose more than 2% on Tuesday, March 17, 2026, on worries about supply with the Strait of Hormuz mostly shut and United States allies rebuffing calls to send warships to help tankers move through the vital waterway. Brent futures jumped $2.74, or 2.7%, to $102.95 a barrel by 0357 GMT, while U.S. West Texas Intermediate crude gained $2.45,...
Stock market capitalisation hits record N129trn as investors gain N1.97trn
The Nigerian stock market recorded a major milestone on Monday, March 16, 2026, as market capitalisation rose to N129.329 trillion from N127.360 trillion, representing a gain of about N1.97 trillion for investors. The NGX All-Share Index also crossed the 201,000-point mark for the first time. The benchmark index rose by 1.55 per cent to close at 201,474.89 points, up from 198,407.30...
Naira trades N1,357/$ at official market
The naira appreciated against the United States dollar on Monday, March 16, 2026, trading at N1,357.76 at the official foreign exchange market. Data released by the Central Bank of Nigeria (CBN) showed that the naira gained N8.46 during Monday’s trading session. Nigeria’s inflation dropped to 15.06% in February 2026 – NBS The development reflects a 0.6 per cent increase when compared with...
Probe begins after Kaduna–Abuja train incident injures passengers
Authorities have launched an investigation after a passenger train operating on the Kaduna–Abuja rail corridor was involved in an accident on Monday, leaving several passengers injured. The incident occurred near the Asham section of the rail line in Kaduna State while the train was travelling from Rigasa Railway Station to Idu Railway Station. The Nigerian Railway Corporation confirmed that the accident...
Petrol, diesel vessels arrive Nigeria amid rising fuel prices
Several vessels carrying about 129,000 metric tonnes of petrol and diesel are expected to arrive at Lagos ports between March 14 and 17, 2026, as Nigerians grapple with rising fuel prices across the country. Data from the shipping position of the Nigerian Ports Authority showed that a vessel, Mosunmola, carrying 20,000 metric tonnes of Premium Motor Spirit (PMS), arrived at...
FG moves to evacuate Nigerians as Middle East crisis escalates
The Federal Government has begun arrangements to evacuate Nigerians affected by the escalating crisis in parts of the Middle East, as tensions triggered by missile and drone attacks linked to Iran continue to heighten across the region. The move follows coordinated military strikes carried out by the United States and Israel against Iran on February 28, which have intensified hostilities...
23 killed, 108 injured in triple IED blasts in Maiduguri
No fewer than 23 people have been confirmed dead and 108 others injured following three suspected suicide Improvised Explosive Device (IED) explosions in Maiduguri, Borno State. The incident occurred at about 7:24 p.m. on Monday at three different locations in the city — the Maiduguri Monday Market, the gate of the University of Maiduguri Teaching Hospital, and the Post Office...
Many feared dead as bomb explosions rock Maiduguri
Several people are feared dead and others injured following multiple bomb explosions that struck Maiduguri, the capital of Borno State, on Monday evening. The blasts occurred around the popular Monday Market and near a security post at the University of Maiduguri Teaching Hospital. It was gathered that the explosions occurred at about 7:02 p.m., shortly after the breaking of fast, causing...
Tinubu to begin state visit to UK Tuesday
President Bola Ahmed Tinubu will depart Abuja on Tuesday for a state visit to the United Kingdom at the invitation of King Charles III and Queen Camilla. The development was disclosed on Monday in a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. According to him, the President will travel with the First Lady, Oluremi Tinubu,...
