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Iran declares all allied ships “legitimate targets” in Hormuz

By
Kehinde Victor
-

KEY POINTS
• Iran’s military command has officially declared all oil cargo and vessels linked to the U.S., Israel, and their partners as “legitimate targets” in the Strait of Hormuz.
• A military spokesman warned that Iran will not allow “even a litre of oil” to pass for the benefit of hostile nations.
• Tehran has issued a stark warning to the West to expect oil prices to hit $200 per barrel if regional security is not restored.
• The threat comes as the U.S. Navy reports destroying 16 Iranian mine-laying vessels in a preemptive strike near the chokepoint.

MAIN STORY
The war between the United States, Israel, and Iran reached a critical flashpoint on Wednesday as Tehran’s unified military command, the Khatam-al Anbiya Central Headquarters, vowed to completely choke off global energy supplies passing through the Strait of Hormuz.

Describing the waterway as a “fire” ignited by the West, Iranian officials warned that they would target any ship or cargo intended for the U.S. or its allies.

The military spokesman directly challenged President Donald Trump’s efforts to keep energy costs stable, asserting that the “artificially low” prices would soon be a thing of the past. “Expect a price of $200 per barrel,” the spokesman said, linking the cost of energy directly to the “insecurity” he blamed on U.S. and Israeli military actions.

This rhetoric has sent shockwaves through global markets, with Brent crude briefly surging past $100 earlier this week before settling near $90 following news of a massive IEA reserve release.

On the ground and at sea, the situation is increasingly kinetic. The U.S. Pentagon confirmed that it destroyed 16 Iranian boats on Tuesday that were allegedly preparing to lay mines in the Strait.

Despite these preemptive strikes, maritime security agencies reported that three more commercial vessels were struck by “unknown projectiles” today, bringing the total number of ships hit since the start of the conflict to 14.

WHAT’S NEXT
• IEA Action: Energy officials from 32 countries are meeting today to finalize the release of 182 million barrels from emergency reserves—the largest in history—to counter Tehran’s price threats.
• Military Escalation: U.S. Defense Secretary Pete Hegseth indicated that today would see the “most intense” strikes on Iranian infrastructure to date, aiming to degrade Tehran’s remaining missile and naval capabilities.
• Global Crunch: Analysts warn that if the Strait remains closed for more than 30 days, the $200 price target could become a reality as global inventories are exhausted.

BOTTOM LINE
The Bottom Line is that Iran is using the world’s most important “oil tap” as a weapon of war. While the U.S. military is working to keep the Strait physically clear of mines, Tehran’s latest “legitimate target” declaration means that no commercial insurer or shipping line is likely to risk the transit, effectively keeping the tap closed and the global economy on edge.

NERC orders registration for all private transmission substations

NERC orders registration for all private transmission substations

By
Kehinde Victor
-

KEY POINTS
• The Nigerian Electricity Regulatory Commission (NERC) has issued a new order (NERC/2026/013) requiring all grid-connected private transmission substations to register.
• Private owners must now obtain an Independent Electricity Transmission Network Operator (IETNO) permit to stay connected to the national grid.
• The directive aims to fix frequent “transmission line trips” and improve the overall safety and reliability of Nigeria’s power supply.
• Existing owners have 45 days to apply for their permits, while new operators must get one before they even plug in.

MAIN STORY
Nigeria’s electricity regulator is tightening its grip on the national grid. In a new order effective March 9, 2026, NERC has mandated that all privately owned transmission substations—often used by major factories or “bulk consumers”—must be officially authorized.

This move comes after the Nigerian Independent System Operator (NISO) reported frequent technical glitches and line trips caused by unmonitored private equipment.
Under the new rules, the days of operating a private substation “under the radar” are over.

NERC is introducing the IETNO permit to ensure that every piece of equipment connected to the grid meets national safety standards.

To make this work, NISO has been given just five days to hand over a full list of all existing private substation owners (PTSOs) to the regulator.

Once notified, these owners have a 45-day window to get their paperwork in order or face regulatory sanctions.

A major part of this cleanup involves new technology. NISO will deploy IoT-based metering systems at every interconnection point within the next 120 days.

This will give the government “real-time visibility” into how much power these private stations are pulling and whether they are causing stability issues.

Operators will also be required to submit monthly reports, with NISO carrying out regular physical inspections to make sure everyone is following the Grid Code.

WHAT’S BEING SAID
• NERC stated the Order is meant to “strengthen oversight of privately owned substations” and improve “grid reliability, safety, and operational visibility.”
• Officials from NISO noted that the move was triggered by “frequent transmission line trips” that have affected the stability of the entire national supply.
• Industry experts believe the IoT-based metering is the most significant step, as it finally provides the regulator with “real-time data” to manage grid load.

WHAT’S NEXT
• Direct Notifications: If you own a large-scale private substation, expect a formal notice from NISO before the end of this week.
• Permit Rush: NERC is expected to open a dedicated portal to handle the surge of IETNO applications over the next month.
• Tech Rollout: Engineering teams from NISO will begin surveying sites for the installation of the new IoT meters to meet the 120-day goal.

BOTTOM LINE
The Bottom Line is that the government is tired of “mystery trips” on the national grid. By forcing private substation owners to get a permit and install smart meters, NERC is trying to ensure that big power users don’t accidentally knock out electricity for everyone else.

Nigerian Socialite Elena Jessica Dies Following Complications from Second Brazilian Butt Lift Surgery

Nigerian Socialite Elena Jessica Dies Following Complications from Second Brazilian Butt Lift Surgery

By
Grace Johnson
-

By Grace Johnson | March 11, 2026

Key Points
  • Nigerian socialite Elena Jessica dies weeks after complications from a second Brazilian Butt Lift (BBL) surgery performed in Lagos
  • Family alleges negligence by Cynosure Aesthetic Plastic Surgery Hospital and calls for investigation into the clinic
  • Case sparks renewed debate about cosmetic surgery safety and regulation in Nigeria
Main Story

Social media is mourning the death of Nigerian socialite Elena Jessica, who reportedly passed away following complications from a second Brazilian Butt Lift (BBL) surgery. The procedure was performed at Cynosure Aesthetic Plastic Surgery Hospital in Lagos, according to her sister, Nelli.

In an emotional post on TikTok, Nelli accused the hospital of negligence, demanding transparency and accountability. “My sister went into Cynosure trusting them with her life. Today, she is gone, and instead of accountability, all we are seeing are statements trying to protect an image,” Nelli wrote. She criticized the hospital for disabling comments on public statements and called for a proper investigation.

Nelli emphasized that her sister’s story would not be buried. “Until the truth comes out, we will keep speaking. No amount of PR statements will silence the voices of people who lost someone they love,” she said.

The issues

According to a viral WhatsApp message from another family member, Jessica underwent liposuction and fat transfer to her hips, buttocks, and calves on 6 February. Within two days, she reportedly experienced severe pain, swelling, and redness. Medical tests revealed high white blood cell counts and low blood levels, requiring five pints of blood.

Despite antibiotics, her condition worsened. Doctors believed excessive fat injection had disrupted blood flow, leading to inflammation. On 13 February, she underwent decompressionsurgery to remove the fat and place drains, but her condition did not improve.

Jessica was scheduled to transfer to Lagos University Teaching Hospital (LUTH) on 19 February, but no ICU bed had been arranged. She spent five hours in an ambulance in severe pain. The accompanying nurse reportedly left her at Emel Hospital in Festac, where her family paid N1.5 million for one day in the ICU, but no plastic surgeon attended to her.

The family later moved her to another hospital on 20 February, where a surgeon was available. They were presented with a N6 million bill for one week in ICU and surgery to remove infected fat. At this point, Jessica had developed sepsis, a life-threatening blood infection, and required seven more pints of blood.

On 22 February, she underwent surgery to remove all infected fat. Despite these interventions, she remained in critical condition in the ICU, receiving daily wound care and treatment for sepsis.

Why it matters

Jessica’s death has sparked widespread outrage online, with many Nigerians questioning the safety of cosmetic surgery procedures. Experts have warned that Brazilian Butt Lifts carry significant risks, including fat embolism, sepsis, and tissue damage, especially if proper medical protocols and postoperative care are not followed.

Nelli and her family have called for an investigation, highlighting alleged negligence, lack of coordination, and poor patient monitoring at the facility. The case has also reignited discussions about the need for stricter regulation of private cosmetic surgery centers in Nigeria.

Lessons for Prospective Patients

Medical professionals advise anyone considering cosmetic procedures to:

  1. Verify Surgeon Credentials – Ensure the surgeon is licensed and board-certified.
  2. Understand Risks – Elective surgeries like BBL can have serious complications.
  3. Check Hospital Facilities – Make sure ICU and emergency care are available.
  4. Avoid Multiple Procedures at Once – Repeated surgeries increase risk.
  5. Monitor After Surgery – Seek immediate help if severe pain, swelling, or redness occurs.

Bottom line

The death of Elena Jessica is a tragic reminder of the risks associated with cosmetic surgery, particularly high-risk procedures like BBL. Her family’s story highlights systemic gaps in patient care, accountability, and transparency in private clinics.

As Nigerians mourn, the case underscores the importance of strict safety standards, proper monitoring, and informed consent in the cosmetic surgery industry. Jessica’s story serves as both a warning and a call to action for safer medical practices, ensuring that no other family has to endure a similar tragedy.

Fatal Nigerian celeb’s BBL surgery: Family allege cover up by hospital, calls for probe

AI breakthrough boosts Breast Cancer detection by Over 10%

By
Grace Johnson
-
Breast Cancer

By Grace Johnson | March 11, 2026

  • An AI tool can improve breast cancer detection by about 10.4%, according to a new study.

  • The research was led by the University of Aberdeen in collaboration with NHS Grampian.

  • The study analyzed breast screening results from over 10,000 women.

  • The AI software, Mia AI breast screening tool, was developed by Kheiron Medical Technologies.

  • The tool helps doctors identify tiny or hard-to-spot abnormalities in mammogram scans.

  • AI assistance can reduce healthcare workers’ workload and speed up patient notifications.

  • A participant, Yvonne Cook, had a small Grade 2 tumor detected early by the AI system.

  • Early detection allowed faster treatment and less invasive medical procedures.

  • The findings of the study were published in the Nature Cancer journal.

  • Researchers say AI could play a major role in the future of cancer screening and healthcare.

Main story

A new study has revealed that artificial intelligence (AI) could significantly improve the early detection of breast cancer, increasing diagnosis rates by more than 10%.

The research, led by the University of Aberdeen, examined how an AI tool could assist healthcare professionals during routine breast screening. The project involved more than 10,000 women as part of a screening programme carried out by NHS Grampian.

The AI software, known as Mia, was developed by medical technology company Kheiron. It is designed to analyze mammogram scans and identify small or hard-to-spot abnormalities that may be missed by the human eye.Results from the study, published in the Nature Cancer journal, showed that the technology increases breast cancer detection rates by 10.4%. Researchers also found that the tool can reduce the workload of medical staff and speed up the process of notifying women about their results.

One of the participants, Yvonne Cook, a woman in her 60s from Aberdeen, credits the AI system with helping detect her cancer early. She had attended what she believed would be a routine mammogram in 2023 and agreed to take part in the optional AI-assisted screening.

later after the test, Yvonne received a letter asking her to return for additional imaging. Doctors later explained that the AI system had detected a tiny abnormality that was difficult for humans to notice.

Further examination confirmed a small Grade 2 tumour, which doctors said is too small to be spotted by the human eye during the initial screening.

What’s being said

“I just feel incredibly lucky,” Yvonne said. “If the AI hadn’t picked it up so early, it might not have been discovered until years later.”

Because the tumour was detected at an early stage, Yvonne was quickly placed on medication to stop its growth before undergoing surgery. Doctors say that without the AI detection, the cancer might have grown larger, potentially requiring more invasive surgery, chemotherapy, and a longer recovery period.

Experts say the findings highlight the powerful role AI could play in healthcare.

Professor Gerald Lip, clinical director for breast screening in north-east Scotland, described the results as highly significant.

Bottom line

 Withhout AI, doctors might not have caught these cancers as early,” he explained. Researchers believe that integrating AI into medical screening programs could help doctors detect diseases earlier, improve treatment outcomes, and reduce pressure on healthcare systems.

As AI technology continues to advance, experts say tools like Mia could soon become a vital part of routine cancer screening worldwide, potentially saving thousands of lives through earlier diagnosis.

Nigeria set to host 2027 Intra-African trade fair in Lagos, targeting $50bn in deals

Fatal Nigerian celeb’s BBL surgery: Family allege cover up by hospital, calls for probe

By
Grace Johnson
-

By Grace Johnson | March 11, 2026

Main story

Following the death of Nigerian socialite Elena Jessica, who reportedly passed away from complications after a second Brazilian Butt Lift (BBL) surgery, a sibling Nelli and other family members have raised alarm over alleged cover up attempts by Cynosure Aesthetic Plastic Surgery Hospital in Lagos and are calling for a thorough investigation into the fatal incident.

In an emotional post on TikTok, Nelli accused the hospital of negligence, demanding transparency and accountability. “My sister went into Cynosure trusting them with her life. Today, she is gone, and instead of accountability, all we are seeing are statements trying to protect an image,” Nelli wrote. She criticized the hospital for disabling comments on public statements and called for a proper investigation.

Nelli emphasized that her sister’s story would not be buried. “Until the truth comes out, we will keep speaking. No amount of PR statements will silence the voices of people who lost someone they love,” she said.

Family member’s account

In a viral WhatsApp message from another family member, Jessica underwent liposuction and fat transfer to her hips, buttocks, and calves on 6 February. Within two days, she reportedly experienced severe pain, swelling, and redness. Medical tests revealed high white blood cell counts and low blood levels, requiring five pints of blood.

Despite antibiotics, her condition worsened. Doctors believed excessive fat injection had disrupted blood flow, leading to inflammation. On 13 February, she underwent decompression surgery to remove the fat and place drains, but her condition did not improve.

Jessica was scheduled for transfer to Lagos University Teaching Hospital (LUTH) on 19 February, but no ICU bed had been arranged. She spent five hours in an ambulance in severe pain. The accompanying nurse reportedly left her at Emel Hospital in Festac, where her family paid N1.5 million for one day in the ICU, but no plastic surgeon attended to her.

The family later moved her to another hospital on 20 February, where a surgeon was available. They were presented with a N6 million bill for one week in ICU and surgery to remove infected fat. At this point, Jessica had developed sepsis, a life-threatening blood infection, and required seven more pints of blood.

On 22 February, she underwent surgery to remove all infected fat. Despite these interventions, she remained in critical condition in the ICU, receiving daily wound care and treatment for sepsis.

Jessica’s death has sparked widespread outrage online, with many Nigerians questioning the safety of cosmetic surgery procedures. Experts have warned that Brazilian Butt Lifts carry significant risks, including fat embolism, sepsis, and tissue damage, especially if proper medical protocols and postoperative care are not followed.

Nelli and her family have called for an investigation, highlighting alleged negligence, lack of coordination, and poor patient monitoring at the facility. The case has also reignited discussions about the need for stricter regulation of private cosmetic surgery centres in Nigeria.

Precautions before surgery

Medical professionals advise anyone considering cosmetic procedures to:

•           Verify Surgeon Credentials – Ensure the surgeon is licensed and board-certified.

•           Understand Risks – Elective surgeries like BBL can have serious complications.

•           Check Hospital Facilities – Make sure ICU and emergency care are available.

•           Avoid Multiple Procedures at Once – Repeated surgeries increase risk.

•           Monitor After Surgery – Seek immediate help if severe pain, swelling, or redness occurs.

Bottom line

The death of Elena Jessica is a  tragic reminder of the risks associated with cosmetic surgery, particularly high-risk procedures like BBL. Her family’s story highlights systemic gaps in patient care, accountability, and transparency in private clinics.

As Nigerians mourn, the case underscores the importance of strict safety standards, proper monitoring, and informed consent in the cosmetic surgery industry. Jessica’s story serves as both a warning and a call to action for safer medical practices, ensuring that no other family has to endure a similar tragedy.

Nigeria set to host 2027 Intra-African trade fair in Lagos, targeting $50bn in deals

Nigeria set to host 2027 Intra-African trade fair in Lagos, targeting $50bn in deals

By
Ibe Wada
-

KEY POINTS

  • Nigeria officially signs agreement to host the fifth Intra-African Trade Fair (IATF) in Lagos from November 5–11, 2027.
  • IATF2027 aims to attract 100,000 visitors, 2,500 exhibitors, and participants from over 100 countries, with a target of $50bn in trade and investment deals.
  • The fair will feature trade exhibitions, AfCFTA-focused forums, Africa Creative Economy showcases, and platforms for youth, research, and regional governments.

MAIN STORY

The Federal Government has formally signed the hosting agreement for the fifth edition of the Intra-African Trade Fair (IATF2027), designating Lagos as the official host city for the continental trade and investment event. The agreement was executed in collaboration with the African Export-Import Bank (Afreximbank), the African Union Commission, and the African Continental Free Trade Area (AfCFTA) Secretariat.

The signing marks Nigeria’s takeover from Algeria, which hosted the fourth edition that recorded $49.94bn in trade and investment deals. Scheduled for November 5–11, 2027, IATF2027 seeks to surpass prior editions by targeting $50bn in deals, welcoming 100,000 visitors, 2,500 exhibitors, and participants from more than 100 countries.

The fair, themed “Global Africa Repositioned – From Market Access to Market,” will feature trade exhibitions, an AfCFTA-focused trade and investment forum, a Global Africa Day to strengthen ties with the diaspora, business-to-business and business-to-government platforms, the Creative Africa Nexus, the Africa Automotive Show, the AU Youth Start-up Pavilion, and the Africa Research and Innovation Hub.

THE ISSUES

Despite Africa’s growing economic potential, intra-African trade remains below its full capacity. IATF2027 seeks to address gaps in connectivity, trade integration, and value chain development, while promoting African industrialisation and global competitiveness. Hosting such an event also places pressure on Nigeria to ensure logistical preparedness, security, and effective coordination among stakeholders.

WHAT’S BEING SAID

Former President and IATF2027 Advisory Council Chair, Chief Olusegun Obasanjo, described the hosting agreement as a milestone for Nigeria and Africa, linking it to Lagos’ historic role in the Lagos Plan of Action for Africa’s industrialisation. Dr George Elombi, President of Afreximbank, commended Nigeria’s leadership in advancing intra-African trade, noting the fair as a platform to create jobs and strengthen value chains.

Dr Jumoke Oduwole, Minister of Industry, Trade and Investment, emphasised that hosting the event offers a strategic opportunity to shape Africa’s trade integration under AfCFTA. AfCFTA Secretariat’s Cynthia E. Gnassingbé-Essonam highlighted that practical platforms like IATF are crucial to the success of continental trade. African Union Commissioner Francisca Belobe added that IATF2027 would reposition Africa in global trade while stimulating investment and industrialisation.

WHAT’S NEXT

Preparations for IATF2027 will focus on finalising logistics, mobilising exhibitors, engaging international and African stakeholders, and ensuring that Nigeria meets its hosting responsibilities. Collaborative efforts will also aim to align industries, policies, and talent to maximise the fair’s impact.

BOTTOM LINE

With its robust economy and strategic location, Nigeria’s hosting of IATF2027 is poised to strengthen intra-African trade, attract global investment, and advance Africa’s economic integration. The event represents a key step in building a unified continental marketplace and realising the ambitions of AfCFTA.

NOA mobilises Jigawa stakeholders to stop diversion of life-saving malnutrition food

Dangote Refinery supplies 92% of Nigeria’s Petrol as imports pause

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya | March 11, 2026

Key Points
  • Dangote Refinery accounted for about 92% of Nigeria’s petrol supply in February
  • Federal Government has not issued any petrol import licences in 2026, according to regulators
  • Petrol pump prices remain above ₦1,200 per litre despite a ₦100 refinery price cut
Main Story

Nigeria’s petrol supply structure is undergoing a dramatic shift as the Dangote Petroleum Refinery now accounts for about 92 percent of the country’s daily fuel supply following a pause in petrol import licences by the Federal Government.

Data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows domestic refineries supplied about 36.5 million litres of Premium Motor Spirit (PMS) per day in February, compared with just three million litres imported daily.

The figures bring Nigeria’s total daily petrol supply to roughly 39.5 million litres for the month, marking one of the lowest levels of fuel importation in years as domestic refining capacity expands.

Industry sources confirmed that the NMDPRA has not issued any licences for petrol imports in 2026, reflecting growing confidence that local refining can meet national demand.

The development marks a significant shift from Nigeria’s historic reliance on imported fuel. For decades, the country remained one of the world’s largest petrol importers due to limited domestic refining capacity.

However, the ramp-up of operations at the 650,000-barrel-per-day Dangote refinery — the largest single-train refinery in the world — is gradually reducing that dependence.

Despite the increase in local supply, petrol prices at retail outlets have remained elevated. Filling stations across Lagos, Ogun, and Abuja continued to sell petrol between ₦1,200 and ₦1,330 per litre even after the refinery reduced its gantry price by ₦100 to ₦1,075 per litre.

The refinery said the price cut reflected falling global crude oil prices, which had recently retreated after surging earlier in the week due to escalating Middle East tensions.

What’s Being Said

“It’s correct that we’ve not issued import licences this year. Local production has met national requirements, so there is no need for importation,” a senior official at the NMDPRA said.

“Dangote is gradually enjoying a monopoly in the downstream sector, and that is not healthy for any market,” an oil industry operator said, warning that competition could decline if imports remain halted.

“The price of fuel will normalise once global crude prices stabilise after the Middle East conflict,” said Chinedu Ukadike, spokesman for the Independent Petroleum Marketers Association of Nigeria (IPMAN).

What’s Next
  • Regulators are expected to monitor domestic fuel supply closely to ensure stable distribution across Nigeria.
  • Oil marketers may push for the reopening of import licences if domestic supply fails to meet demand.
  • Global oil price volatility linked to Middle East tensions could continue influencing local petrol prices in the coming weeks.\
Iran escalates Gulf Attacks as Drones strike Dubai, ships hit near Hormuz

Iran escalates Gulf Attacks as Drones strike Dubai, ships hit near Hormuz

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya | March 11, 2026

Key Points
  • Iranian drones struck near Dubai International Airport, injuring four people as Gulf states intercepted multiple aerial attacks
  • Commercial ships were hit near the Strait of Hormuz, disrupting maritime traffic in a route carrying roughly one-fifth of global oil supply
  • Escalating conflict between Iran and US-aligned forces is intensifying risks to global energy markets
Main Story

Iran widened its military campaign across the Gulf on Wednesday as drones fell near Dubai International Airport and commercial vessels were struck near the Strait of Hormuz, raising fresh concerns about global energy security and shipping routes.

Authorities in the United Arab Emirates confirmed that debris from intercepted drones landed close to Dubai’s main airport, injuring four people. The incident occurred amid a wave of Iranian missile and drone strikes targeting infrastructure across Gulf states in retaliation for ongoing US-Israeli military operations against Tehran.

Regional maritime authorities also reported attacks on commercial shipping lanes. The United Kingdom Maritime Trade Operations (UKMTO) said a container ship and a bulk carrier were struck by projectiles off the UAE coast — one near Dubai and another near Ras Al Khaimah. A third vessel was reportedly hit in the Strait of Hormuz off Oman, sparking a fire that was later extinguished.

The Strait of Hormuz remains one of the world’s most strategically sensitive maritime chokepoints. Nearly 20 percent of global oil and liquefied natural gas shipments pass through the narrow waterway connecting the Persian Gulf to international markets.

The latest incidents come as the Middle East conflict enters its second week, with Iran targeting regional energy infrastructure and shipping routes in an attempt to pressure global markets. Energy analysts say the disruption has already triggered volatility in crude oil prices and shipping insurance premiums.

Recent military developments have further intensified the crisis. The United States has reportedly destroyed Iranian naval vessels suspected of laying mines in the Strait of Hormuz, part of a broader effort to keep the shipping corridor open.

Saudi Arabia also said it intercepted multiple ballistic missiles and drones targeting the Shaybah oil field and the Prince Sultan Air Base in its eastern region, underscoring the widening regional security risks.

Meanwhile, major energy installations in the Gulf have come under repeated attack in recent days, including Saudi Arabia’s Ras Tanura refinery and the UAE’s Ruwais complex — two of the region’s largest refining facilities.

What’s Being Said

“Iran has launched dozens of missiles and drones targeting key sites in the region, but the majority have been successfully intercepted,” the UAE Ministry of Defence said in a statement.

“The Strait of Hormuz is a vital artery for global energy markets, and any disruption poses serious risks to supply stability,” the International Energy Agency said during an emergency meeting of G7 energy ministers in Paris.

“Markets are extremely sensitive to developments in Hormuz. Even temporary disruption could send oil prices sharply higher,” said Helima Croft, global head of commodity strategy at RBC Capital Markets.

What’s Next
  • Gulf states are expected to increase air-defence deployments around major energy infrastructure and airports in the coming days.
  • The International Energy Agency is considering the release of emergency oil reserves if supply disruptions escalate.
  • Global shipping companies are reviewing insurance coverage and rerouting strategies as tensions in the Strait of Hormuz intensify.
Enugu Air secures operating license in record-breaking 6 months

Dollar to Naira exchange rate today, March 11th, 2026

By
Boluwatife Oshadiya
-
Dollar To Naira Exchange Rate Today (Fri. April. 28, 2023)

The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange, the official forex trading portal, showed that the naira closed at 1381 per $1 on Wednesday, March 11th, 2026. The naira traded as high as 1415 to the dollar at the investors and exporters (I&E) window on Tuesday. This is brought to you by Bizwatch Nigeria.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1420 and buy at ₦1400 on Tuesday 10th March, 2026, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Selling Rate₦1420
Buying Rate₦1400

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)CBN Rate Today
Highest Rate₦1415
Lowest Rate₦1381

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Enugu Air secures operating license in record-breaking 6 months

NOA mobilises Jigawa stakeholders to stop diversion of life-saving malnutrition food

By
Ibe Wada
-

KEY POINTS

  • NOA engages community leaders and health officials in Jigawa to prevent illegal sale of Ready-to-Use Therapeutic Food (RUTF).
  • UNICEF and Jigawa Primary Healthcare Development Agency collaborate to ensure RUTF reaches severely malnourished children.
  • Poverty identified as a key driver of RUTF diversion; adults warned against consuming the therapeutic food.

MAIN STORY

The National Orientation Agency (NOA) has called on stakeholders in Jigawa State to strengthen efforts in curbing the illegal diversion and sale of Ready-to-Use Therapeutic Food (RUTF), a critical intervention for children suffering from severe acute malnutrition.

Speaking in Dutse, the State Director of NOA, Mr Ahmad Tijjani, stressed the urgency of ensuring that RUTF reaches the children who need it most. “This forum is conducted in collaboration with UNICEF and the Jigawa Primary Healthcare Development Agency. Our goal is to increase vigilance and guarantee that RUTF is not sold in local markets for profit,” he said.

Mr Tijjani highlighted that each malnourished child requires a carton of RUTF to survive, noting that the diversion of even one carton could result in the loss of a young life.

THE ISSUES

A rapid survey conducted in Kano, Katsina, and Jigawa under the UNICEF Kano Field Office revealed that poverty is a major factor driving some parents to sell RUTF meant for their children. The diversion of this life-saving food undermines national efforts to combat child malnutrition and poses serious health risks for vulnerable children.

WHAT’S BEING SAID

Deputy State Health Educator, Mr Nura Ado, cautioned adults against consuming RUTF, warning that it could lead to obesity and associated conditions such as high blood pressure. Community leaders and health officials at the engagement pledged to raise awareness and monitor the distribution of RUTF more closely.

WHAT’S NEXT

NOA and its partners plan to intensify community sensitisation campaigns, monitor distribution channels, and strengthen local reporting mechanisms to prevent further diversion of RUTF.

BOTTOM LINE

Ensuring that RUTF reaches severely malnourished children is vital to saving lives in Jigawa. Collaborative efforts between government agencies, international partners, and local stakeholders remain critical to tackling both malnutrition and the socio-economic challenges driving the misuse of therapeutic food.

Tinubu orders 100,000 CNG kits to counter rising fuel prices

Enugu Air secures operating license in record-breaking 6 months

By
Kehinde Victor
-

KEY POINTS

  • The Nigerian Civil Aviation Authority (NCAA) has officially issued an Air Operator Certificate (AOC) to Enugu Air, the state’s indigenous airline.
  • The airline completed the rigorous certification process in just 5 months and 3 weeks—shattering the typical industry timeline of 15 to 24 months.
  • Enugu Air is launching with a fleet of 6 aircraft, with plans to expand to 20 aircraft and start regional flights across Africa by the end of 2026.
  • The project is a core part of Governor Peter Mbah’s vision to turn Enugu into a major West African hub for logistics and commerce.

MAIN STORY

In a move described by regulators as “historic,” Enugu Air has officially received its license to operate as a fully certified Nigerian carrier. At a presentation in Abuja on Tuesday, NCAA Director-General Chris Najomo praised the airline for its “speed and discipline,” noting that it navigated the complex five-phase certification process in record time.

While most airlines take up to two years to get an AOC, Enugu Air finished in under six months.

The airline, which is fully owned by the Enugu State Government, distinguished itself by commencing operations with a solid fleet of six aircraft. This is a rare feat in the Nigerian aviation space, where many new carriers struggle to secure more than two or three planes at the start. To achieve this, the state partnered with XEJet Limited, a technical operating partner that helped guide the airline through the regulatory hurdles.

Governor Peter Mbah’s administration views the airline not just as a transport service, but as an “economic enabler.” The State Commissioner for Transportation, Obi Ozor, revealed that the ambition is massive: the state plans to more than triple the fleet to 20 aircraft within the next year. These planes will eventually fly beyond Nigeria’s borders, connecting the Coal City directly to international markets and helping realize the state’s goal of a sevenfold GDP growth.

WHAT’S BEING SAID

  • “This development is a significant step in the realisation of Gov. Mbah’s vision to position Enugu as a regional hub for commerce,” said Uche Anichukwu, SSA to the Governor.
  • Chris Najomo (NCAA DG) noted the airline’s discipline, stating that the speed of certification is “evidence of purposeful governance.”
  • Tolu Ita, CEO of Enugu Air, reaffirmed the commitment to building a “reliable, efficient and globally competitive carrier.”

WHAT’S NEXT

  • Route Expansion: With the AOC in hand, Enugu Air will now transition from its interim partnership flights to its own fully branded scheduled services across Nigeria.
  • Fleet Acquisition: The state government is expected to finalize the purchase of 14 additional aircraft throughout 2026 to hit its target of 20.
  • Regional Launch: Management is already looking at routes in West and Central Africa, with a goal to fly to international destinations before the end of the year.

BOTTOM LINE

The Bottom Line is that Enugu Air just set a new speed record for Nigerian aviation. By launching with six planes and a world-class operating partner, Governor Mbah is proving that he isn’t just building an airline—he’s building a fast-track gateway for the entire South-East to do business with the rest of the world.

Air Force to build special forces training centre in Abia

Air Force to build special forces training centre in Abia

By
Kehinde Victor
-

KEY POINTS

  • The Nigerian Air Force (NAF) is establishing a Special Forces Training Centre in Abia State to strengthen security across the South-East.
  • AVM Gabriel Kehinde requested an increase in land at the proposed Abia Airport site from 50 hectares to 150 hectares for the project.
  • The facility will focus on specialized jungle warfare and large-scale training exercises.
  • Governor Alex Otti has already approved at least 100 hectares and promised the NAF office complex in Umuahia will be ready by late April.

MAIN STORY

The Nigerian Air Force is set to significantly expand its footprint in the South-East with the establishment of a new Special Forces Training Centre in Abia State. During a visit to Governor Alex Otti on Tuesday, Air Vice Marshal (AVM) Gabriel Kehinde explained that the Chief of Air Staff is personally interested in the project.

The centre is designed to be a hub for “jungle warfare” training, taking advantage of the unique terrain near the proposed Abia Airport in Isiala Ngwa.

To accommodate the ambitious scale of the base, AVM Kehinde requested that the state increase its initial land allocation of 50 hectares to 150 hectares. He noted that the base would serve as more than just a landing strip; it will be a major operational and training facility for elite personnel. The Governor responded positively, immediately guaranteeing at least 100 hectares of the 1,000 hectares already acquired by the state for the airport project.

The project is moving fast. Governor Otti confirmed that the state-built NAF office complex and residential quarters in Umuahia are nearly finished and will be handed over by the end of April. Meanwhile, construction at the airport is a joint effort: the State Government is handling the runway and perimeter fencing, while the Federal Government manages the terminal building. Once the runway is operational, the Air Force expects to begin full deployment.

WHAT’S BEING SAID

  • “Abia stands out [in security]… this is clearly due to the proactive efforts of the State Government and the strong support given to security agencies,” said AVM Gabriel Kehinde, AOC Ground Training Command.
  • Governor Alex Otti reiterated his commitment, stating, “Development can only thrive in a safe and secure environment… you can take it for granted that you have at least 100 hectares.”
  • Officials noted that the Chief of Air Staff plans to personally visit the state once the facilities are ready for handover in April.

WHAT’S NEXT

  • April Handover: The State Government will finish furnishing the NAF office complex in Umuahia for an official opening ceremony.
  • Runway Completion: Work on the Abia Airport runway is being fast-tracked to allow for the first military transport flights to land.
  • Training Commencement: Once the Special Forces Centre is kitted out, the first batch of personnel is expected to arrive for specialized South-East security drills.

BOTTOM LINE

The Bottom Line is that Abia is becoming the “security anchor” for the South-East. By handing over 100+ hectares of land and building ready-to-use offices, the state is making it easy for the Air Force to set up a permanent, elite training hub that will likely change the security landscape of the region for years to come.

Tinubu orders 100,000 CNG kits to counter rising fuel prices

Keyamo orders hybrid payment at airport gates to fix traffic jams

By
Kehinde Victor
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minister of aviation and aerospace development, festus keyamo

KEY POINTS

  • The Minister of Aviation, Mr. Festus Keyamo, has directed all airports nationwide to start accepting both cash and cards at access gates.
  • This “hybrid system” takes effect this Friday, replacing the strictly cashless system that caused heavy traffic gridlocks.
  • President Bola Tinubu had previously ordered the suspension of the “cashless only” rule after motorists complained about long delays at airport entrances.
  • While cash is back for now, the Ministry is still working on a fully automated electronic system to eventually phase out cash again.

MAIN STORY

Motorists heading to Nigerian airports can breathe a sigh of relief as the Ministry of Aviation reintroduces cash payments at all access gates. Minister Festus Keyamo gave the directive following a meeting with officials from the Federal Airports Authority of Nigeria (FAAN).

 The move is a direct response to the massive traffic jams caused by the previous “strictly cashless” policy, which President Tinubu ordered to be suspended to ease the burden on road users.

Starting this Friday, airport gates will operate a hybrid system. This means you can pay with physical cash, use your ATM card via POS terminals, or use other digital channels. If you already have a “FAAN Go Cashless Card,” the Minister confirmed you can continue using it. The goal is to keep the traffic moving while the government finds a better way to automate the process without making people sit in hours of traffic.

While cash is making a temporary comeback, the government hasn’t given up on going digital. Mr. Keyamo explained that the Ministry is already talking to technology partners to build a “fully automated” system. This future system will be designed to be fast and seamless, similar to modern toll gates in other parts of the world, eventually eliminating the need for cash altogether. For now, the public is still encouraged to get the FAAN cards to help speed up the process.

WHAT’S BEING SAID

  • “The ministry has resolved to engage concessionaires in order to introduce a fully automated or electronic system… to fully and eventually eliminate cash payments,” said Mr. Tunde Moshood, speaking for the Minister.
  • Officials noted that the hybrid system is a “temporary measure” to fix the traffic problems caused by the earlier policy.
  • Motorists are urged to obtain the FAAN Go Cashless Card as the authority continues to “enhance and fully optimise” the system.

WHAT’S NEXT

  • Friday Rollout: Expect to see cash collectors back at airport toll points starting this Friday morning.
  • Tech Upgrade: The Ministry will begin evaluating new “e-gate” technologies that can read tags on cars without the driver needing to stop and tap a card.
  • Traffic Monitoring: FAAN officials will be monitoring the “gridlock zones” at major airports like Ikeja and Abuja to ensure the hybrid system is actually clearing the queues.

BOTTOM LINE

The Bottom Line is that the government realized “cashless” doesn’t work if it makes everyone late for their flights. By bringing cash back into the mix this Friday, Minister Keyamo is prioritizing smooth traffic flow while the tech experts work on a smarter, faster way to take payments in the future.

First Lady to lead nationwide push for innovation and new jobs

First Lady to lead nationwide push for innovation and new jobs

By
Kehinde Victor
-
oluremi tinubu first lady of nigeria

KEY POINTS

  • First Lady Sen. Oluremi Tinubu will champion a national programme to turn local research and inventions into real products for the market.
  • Dr. Kingsley Udeh, Minister of Innovation, Science and Technology, announced the partnership after a meeting at the State House on Tuesday.
  • The initiative aims to create jobs and boost the economy by connecting inventors with serious investors.
  • The Federal Government will “de-risk” these projects to give investors the confidence to put their money into Nigerian innovations.

MAIN STORY

First Lady Sen. Oluremi Tinubu is set to lead a major national advocacy drive focused on innovation and commercialisation. The goal of the programme is to take brilliant ideas from Nigeria’s research institutions and turn them into profitable businesses that grow the economy.

Minister of Innovation, Science and Technology, Dr. Kingsley Udeh, explained that this move is a key part of President Bola Tinubu’s Renewed Hope Agenda.

During an interview with the News Agency of Nigeria (NAN), the Minister noted that many great inventions in our universities and research centres often get stuck on the shelf. This new programme will act as a bridge, connecting researchers and inventors directly with investors who have the capital to scale these ideas. To make this happen, the Federal Government has promised to “de-risk” the investments—essentially providing a safety net so that investors feel more comfortable putting their money behind new Nigerian technologies.

By leveraging the First Lady’s Renewed Hope Initiative (RHI) platform, the government hopes to reach people at the grassroots level. Dr. Udeh emphasized that having the First Lady as the face of the project is a “major boost” that will ensure the message reaches every corner of the country. The ultimate aim is to strengthen the financial capacity of Nigerians by helping them make money from the things they produce and invent right here at home.

WHAT’S BEING SAID

  • “This will help by connecting researchers, inventors and innovators to investors. The Federal Government will de-risk these investments,” said Dr. Kingsley Udeh, Minister of Innovation.
  • Officials believe that the First Lady’s involvement will ensure the programme is “delivered nationwide” and reaches the people who need it most.
  • The project is described as a way to boost economic growth by helping Nigerians grow their “financial capacity through the things they produce.

WHAT’S NEXT

  • Stakeholder Meetings: The Ministry will begin hosting sessions to identify the most “market-ready” inventions currently sitting in Nigerian research labs.
  • Investor Forums: Special events will be organized under the RHI banner to introduce local inventors to private sector big-spenders.
  • Grant Rollouts: Look out for announcements on how the government plans to “de-risk” specific sectors like renewable energy and agric-tech.

BOTTOM LINE

The Bottom Line is that the government wants to stop Nigerian inventions from gathering dust. By bringing in the First Lady to champion the cause, they are hoping to turn “good ideas” into “big businesses” that create jobs and put money directly into the pockets of innovative Nigerians.

FG weighs policy adjustments as Middle East conflict threatens global markets

Tinubu orders 100,000 CNG kits to counter rising fuel prices

By
Kehinde Victor
-

KEY POINTS

  • President Bola Tinubu has directed the Presidential Initiative on Compressed Natural Gas (PiCNG) to immediately deploy 100,000 vehicle conversion kits.
  • The move is a response to surging petrol prices caused by the escalating conflict in the Middle East and its impact on global oil markets.
  • The kits will allow car and tricycle owners to switch from expensive petrol to cheaper, cleaner CNG, with rollout starting in 2–3 weeks.
  • Government is also fast-tracking 77 new refueling stations and solar-powered charging hubs for electric vehicles (EVs).

MAIN STORY

In a major push to lower transportation costs, President Bola Tinubu has ordered the immediate nationwide distribution of 100,000 CNG conversion kits. During a meeting at the Presidential Villa on Tuesday, the President expressed deep concern over how the ongoing war in the Middle East is driving up fuel costs for Nigerians.

To provide relief, he mandated the PiCNG to scale up the availability of gas as a primary alternative to petrol.

Ismael Ahmed, the Executive Chairman of PiCNG, confirmed that the conversion centers will soon be “bustling with activities” as large-scale engine refitting begins. The initiative isn’t just about kits; it’s about building a whole new energy network. Currently, 77 refueling stations are being developed along major transport routes. In cities like Kano, two specialized Liquefied Compressed Natural Gas (LCNG) stations are already running, with more “daughter stations” on the way to ensure drivers aren’t left stranded.

Beyond gas, the President’s plan includes a jump into electric mobility. The government is teaming up with local and international manufacturers to assemble electric vehicles right here in Nigeria. To make this work even in areas without steady power, the Rural Electrification Agency (REA) is helping to set up solar-powered charging stations. The goal is simple: give Nigerians more ways to move around without being held hostage by the global price of a barrel of oil.

WHAT’S BEING SAID

  • “The President wanted to know what we are doing… to scale up the availability of gas everywhere in the country so people have less cost of transportation,” said Ismael Ahmed, Executive Chairman of PiCNG.
  • Officials noted that the initiative is a response to the “rising global petroleum prices” triggered by the U.S.-Israel-Iran conflict.
  • The President expects “quick results” that will directly reduce the daily transport burden on Nigerian families and small businesses.

WHAT’S NEXT

  • Conversion Kickoff: In the next two weeks, designated centers will begin receiving the 100,000 kits for installation on commercial and private vehicles.
  • Corridor Expansion: Construction will intensify on refueling units along the Northern Corridor to support long-haul transporters.
  • EV Fair: Following the recent fair at Eagle Square, the government is expected to finalize MoUs with international EV manufacturers for local assembly plants.

BOTTOM LINE

The Bottom Line is that the government is trying to “gas up” the economy to slow down inflation. By moving 100,000 vehicles away from petrol and toward CNG, President Tinubu is betting that cheaper, locally-sourced gas can shield Nigerian pockets from the chaos of Middle Eastern oil wars.

Global conflict and Hormuz closure drive calls for new petrol subsidies

Global conflict and Hormuz closure drive calls for new petrol subsidies

By
Kehinde Victor
-

KEY POINTS

  • Dr. Emmanuel Eche, an economics expert, warns the Federal Government may face intense pressure to return to petrol subsidies.
  • The Strait of Hormuz, a vital waterway for 20% of the world’s oil, has been effectively closed due to the U.S.-Israel-Iran conflict.
  • While Nigeria benefits from higher crude prices (currently around $88–$90 per barrel), the cost of importing refined petrol is surging.
  • Local pump prices have already jumped, with some outlets selling for as much as ₦1,300 per litre.

MAIN STORY

Nigeria is caught in a difficult economic tug-of-war as the closure of the Strait of Hormuz sends global oil markets into a spin. Dr. Emmanuel Eche, a Senior Lecturer at the Federal University, Wukari, explained on Tuesday that while Nigeria is earning more from its crude oil exports, the country is also paying much more for the petrol it imports.

 Because the Strait, a narrow path between Iran and Oman—is blocked, one-fifth of the world’s daily oil supply is currently stranded.

The situation in the Middle East has left at least 3,000 ships and 20,000 sailors stuck. For Nigeria, this has meant that the price of Brent crude has stayed high, briefly crossing the $100 mark earlier this week before settling near $88–$90. Dr. Eche warned that this “oil price volatility” makes the Nigerian economy very vulnerable. As the cost of refined fuel rises globally, the pressure on the Naira increases, and inflation threatens to push the price of basic goods even higher.

Currently, NNPC Limited is selling petrol at about ₦1,081 per litre in some areas, but private stations in cities like Ibadan and Abuja have seen prices soar to between ₦1,250 and ₦1,350. Some experts even predict prices could hit ₦2,000 if the conflict doesn’t end soon. To protect citizens, Dr. Eche is urging the government to use its increased oil earnings to “cushion the impact” through subsidies or by tapping into strategic reserves.

WHAT’S BEING SAID

  • “The government is likely to benefit from higher oil prices… however, there are also dangerous implications as Nigeria imports refined products,” said Dr. Emmanuel Eche.
  • The International Maritime Organisation (IMO) confirmed that the closure is a “precautionary measure” due to the threat of strikes in the region.
  • NNPC Limited and the Central Bank are being urged to adjust policies to manage the “inflationary pressures” caused by the crisis.

WHAT’S NEXT

  • IEA Intervention: The International Energy Agency is monitoring the situation and may release emergency oil reserves to help stabilize global prices.
  • Production Boost: Nigeria is looking to ramp up its own oil production, having recently exceeded its OPEC quota, to take advantage of the high prices.
  • Price Watch: Marketers are keeping a close eye on the Dangote Refinery, which recently adjusted its gantry prices to ₦1,175, signaling that pump prices may stay high for the foreseeable future.

BOTTOM LINE

The Bottom Line is that Nigeria is in a “good news, bad news” situation. While the government is making more money from selling crude oil, everyday Nigerians are paying the price at the pump. Unless the government decides to step in with subsidies or the Middle East conflict cools down, the cost of living is likely to keep rising.

FG approves recruitment of 50 Doctors, 100 Nurses for Nigeria’s Correctional Centres

NEPC urges women to drive Nigeria’s non-oil trade

By
Kehinde Victor
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Exporters To Receive NEPC's N5bn Palliative

KEY POINTS

  • The Nigerian Export Promotion Council (NEPC) has called on women entrepreneurs to take their businesses to the global market to boost Nigeria’s non-oil exports.
  • To help with this, the NEPC and the International Trade Centre (ITC) launched new Export Procedures Handbooks for the UK market.
  • The handbooks provide a step-by-step guide on customs, product standards, and sustainability for selling food and cosmetics in Great Britain.
  • The move is part of the “Her Showcase 2.0” series, aimed at helping thousands of women-led small businesses become export-ready.

MAIN STORY

The Nigerian Export Promotion Council (NEPC) is pushing for more women to participate in international trade, stating that their success is key to growing Nigeria’s non-oil exports. Speaking at the “Her Showcase 2.0” event in Abuja on Tuesday, the Executive Director of the NEPC, Mrs. Nonye Ayeni, noted that women are strong drivers of the economy whose products are gaining respect worldwide.

 The event was held to mark International Women’s Day 2026 under the theme “Give to Gain.”

A major highlight of the event was the launch of practical export handbooks designed specifically for the Great Britain market. These guides cover everything a business owner needs to know about exporting agri-food and cosmetic products to the UK. Ayeni explained that having access to the right information on customs and product requirements will help Nigerian women compete fairly on the global stage. She added that initiatives like SheTrades are already helping many small, women-owned businesses get ready for the international market.

Ms. Maathangi Hariharan from the International Trade Centre (ITC) praised the creativity of Nigerian women entrepreneurs. She pledged that the ITC would keep supporting them to understand global market rules. Also speaking at the event, Dr. Sameera Abdullahi of NACCIMA noted that women-led businesses are not just creating jobs at home but are also expanding Nigeria’s presence abroad. She urged women to use these new tools to improve the quality of their products and win big in global trade.

WHAT’S BEING SAID

  • “Active participation of women is crucial to accelerating Nigeria’s non-oil export growth,” said Mrs. Nonye Ayeni, Executive Director of NEPC.
  • Ms. Maathangi Hariharan of the ITC noted that Nigeria has “enormous entrepreneurial talent” and promised continued support for women in trade.
  • Dr. Sameera Abdullahi urged women to leverage this initiative to “improve product quality and compete globally.”

WHAT’S NEXT

  • Training Sessions: The NEPC is expected to hold workshops across the country to teach women how to use the new handbooks effectively.
  • UK Market Entry: More Nigerian-made cosmetics and food items are likely to appear on British shelves as business owners follow the new guidelines.
  • Certification Support: The council will continue its export certification programmes to make sure more women-led SMEs meet international quality grades.

BOTTOM LINE

The Bottom Line is that the NEPC wants to turn “local” success into “global” profit for Nigerian women. By providing clear handbooks and professional support, the government is making it easier for women to bypass the confusion of international trade and sell their products to the rest of the world.

FG weighs policy adjustments as Middle East conflict threatens global markets

FG weighs policy adjustments as Middle East conflict threatens global markets

By
Ibe Wada
-

KEY POINTS

  • Nigeria’s Economic Management Team is reviewing the potential economic impact of escalating tensions involving the United States, Israel and Iran.
  • Government warns that volatility in energy markets, capital flows and global supply chains could affect Nigeria’s economy.
  • Officials say policy adjustments may be introduced to protect economic stability and investor confidence.

MAIN STORY

The Federal Government of Nigeria has indicated its readiness to recalibrate economic policies if necessary as geopolitical tensions in the Middle East continue to escalate, raising concerns over potential economic shocks.

In a statement issued on Tuesday by Uloma Amadi, Assistant Director of Information and Public Relations at the Federal Ministry of Finance, the government said it is closely monitoring the evolving conflict involving the United States, Israel, and Iran.

According to the statement, the Economic Management Team (EMT), chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has begun reviewing the possible economic implications of the crisis.

The EMT also held discussions during a Naira-for-Crude policy coordination meeting, where global energy market developments and their domestic implications were assessed.

THE ISSUES

Rising geopolitical tensions have heightened fears of disruptions to major energy supply routes, particularly the Strait of Hormuz, a critical global oil shipping corridor.

Officials identified three main channels through which the crisis could affect Nigeria’s economy.

The first involves volatility in global crude oil and gas markets, which could push up domestic energy costs, including petrol, diesel, cooking gas and fertiliser.

The second relates to financial markets and capital flows, where heightened geopolitical risks could discourage investment inflows into emerging markets such as Nigeria.

The third concerns global logistics and supply chains, as disruptions to shipping routes could raise freight costs and further drive up domestic prices.

WHAT’S BEING SAID

The government warned that sustained instability in global markets could intensify inflationary pressures and increase the cost of living.

“Volatility in global energy markets is already driving increases in domestic prices, including fuel, diesel, cooking gas and fertiliser,” the statement said.

Officials added that prolonged disruption could push up the cost of goods and services, placing further pressure on inflation and household spending.

Ministers overseeing key economic sectors have also been providing updates on how developments in global markets may affect Nigeria’s fiscal outlook and macroeconomic stability.

WHAT’S NEXT

The Economic Management Team will continue to monitor macroeconomic indicators including global crude oil prices, exchange rate movements, capital flow trends and financial market conditions.

Officials say policy adjustments may be introduced where necessary to mitigate risks and maintain economic stability.

Despite the uncertainty, the government noted that Nigeria enters the current period of global volatility with relatively stronger macroeconomic indicators, including 4.07 per cent real GDP growth in the fourth quarter of 2025.

BOTTOM LINE

As geopolitical tensions threaten global energy and financial markets, Nigeria is preparing to adjust economic policies where necessary to shield the domestic economy, maintain investor confidence and sustain growth.

FG approves recruitment of 50 Doctors, 100 Nurses for Nigeria’s Correctional Centres

FG approves recruitment of 50 Doctors, 100 Nurses for Nigeria’s Correctional Centres

By
Ibe Wada
-

KEY POINTS

  • President Tinubu has approved the recruitment of 50 doctors and 100 nurses for correctional centres nationwide.
  • The move aims to address the shortage of medical personnel in correctional facilities.
  • Government also highlights ongoing reforms including inmate skills development and improved welfare.

MAIN STORY

President Bola Ahmed Tinubu has approved the employment of 50 medical doctors and 100 nurses to strengthen healthcare services across Nigeria’s correctional centres.

The Minister of Interior, Olubunmi Tunji-Ojo, disclosed this during a courtesy visit by the Minister of Information and National Orientation, Mohammed Idris, in Abuja.

Tunji-Ojo said the decision was prompted by the shortage of medical personnel in several correctional facilities across the country.

According to him, some correctional centres currently operate without resident doctors, citing the facility in Rivers State as an example.

He noted that despite the shortage of personnel, several correctional hospitals are equipped with facilities capable of handling complex medical procedures.

THE ISSUES

Nigeria’s correctional system has faced longstanding challenges including inadequate healthcare personnel, limited medical resources and poor welfare conditions for inmates.

Experts say improving healthcare services within correctional facilities is essential for protecting inmates’ rights and preventing the spread of diseases within custodial environments.

WHAT’S BEING SAID

Tunji-Ojo said the president’s approval reflects the government’s commitment to ensuring the welfare of all Nigerians, including those in custody.

“The President understands that he is the President of all Nigerians, including inmates. And as a father to all, he has always shown that he cares,” the minister said.

He added that the government has also implemented skills development initiatives aimed at rehabilitating inmates through training programmes.

According to him, the train-the-trainer initiative identifies inmates with specific skills and equips them to train others within correctional facilities.

Tunji-Ojo further noted that the Federal Government had improved inmate welfare by increasing feeding allowances by 50 per cent.

WHAT’S NEXT

The Ministry of Interior is expected to commence the recruitment and deployment of the approved medical personnel to correctional facilities nationwide.

The minister also called for stronger collaboration with the Ministry of Information and National Orientation to ensure effective communication of the ministry’s reforms and security initiatives.

He highlighted ongoing efforts within the Nigeria Security and Civil Defence Corps (NSCDC), including the creation of specialised mine marshals in partnership with the Federal Ministry of Solid Minerals Development to secure mining sites and protect critical national assets.

BOTTOM LINE

The recruitment of medical personnel for correctional centres represents part of broader efforts by the Federal Government to improve inmate welfare, strengthen institutional reforms and enhance security across Nigeria’s custodial and resource sectors.

Tinubu approves fiscal incentives for $20bn Bonga deepwater project

UN Chief hails women civil society groups as “Foundation Shakers” at Commission on status of women 70th session

By
Ibe Wada
-

KEY POINTS

  • UN Secretary-General António Guterres praised women-led civil society groups for challenging entrenched systems of privilege.
  • He warned of a growing global backlash against women’s rights driven by disinformation and cultural conflicts.
  • Participants at the CSW70 town hall raised concerns over funding gaps and a proposed merger involving UN gender agencies.

MAIN STORY

The Secretary-General of the United Nations, António Guterres, has commended women-led civil society organisations for their role in challenging entrenched systems of privilege and advancing gender equality worldwide.

Guterres made the remarks during a town hall meeting held on the sidelines of the 70th Session of the Commission on the Status of Women (CSW70) at the UN Headquarters in New York.

The global gathering, which opened on March 10 and is scheduled to run until March 19, brings together government representatives, activists and development stakeholders to discuss progress and challenges in advancing women’s rights.

Addressing participants, the UN chief described civil society groups as “foundation shakers” whose efforts are driving justice, dignity and equality for communities across the globe.

THE ISSUES

Despite decades of progress in gender equality, global institutions warn that women’s rights face renewed threats amid political tensions, misinformation campaigns and growing cultural divisions.

Experts say power imbalances remain evident across political systems, economic structures and emerging technological sectors, including artificial intelligence.

These challenges, observers note, have contributed to shrinking civic spaces and mounting pressure on women’s rights advocates in many parts of the world.

WHAT’S BEING SAID

Guterres cautioned that the global environment for gender advocacy is becoming increasingly difficult.

“A bitter wind is blowing around the world. That wind is hardening attitudes and fuelling a backlash against women’s rights,” he said.

He added that such resistance is often driven by disinformation, fear and cultural polarisation, warning that these forces seek to silence women and roll back hard-won gains.

During the session, participants from different countries also raised questions about a proposed merger between UN Women and the United Nations Population Fund (UNFPA).

The proposal, according to Guterres, is intended to strengthen the impact of gender-focused programmes by pooling resources while maintaining the mandates of both institutions.

Nigerian law professor Joy Ngozi Ezeilo also highlighted concerns about shrinking public space for advocacy, funding shortages and government crackdowns on civil society organisations.

She called on governments to reaffirm their commitment to gender equality, stating that women’s rights remain fundamental human rights.

WHAT’S NEXT

As the CSW70 discussions continue, stakeholders are expected to deliberate on strategies for protecting women’s rights, strengthening gender equality institutions and addressing new challenges posed by technological and political changes.

Guterres reiterated the UN’s commitment to advancing gender equality and pledged continued support for activists and organisations advocating women’s rights globally.

BOTTOM LINE

With rising global resistance to gender equality, the UN chief is urging civil society groups to remain steadfast in challenging systemic barriers and pushing for lasting reforms that secure the rights and dignity of women and girls worldwide.

IWD 2026: global focus turns to rights, justice and action
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