News update TWN
TWN News Roundup 8th November - 16th November 2025
TWN News
The Week's Top Stories: Nov 8 - Nov 16, 2025
Welcome back! I'm Omotola Oluwashindara. This week, attention has shifted to the **results of the Anambra governorship election**, with a winner now declared amidst mixed reactions. Economically, the **CBN has held its MPC meeting**, setting new directions for interest rates, while the country grapples with a massive **national grid collapse**. On the international front, the Federal Government is negotiating the safe return of students abducted in a major security breach in the Northwest.
Market & Sentiment Overview
NGX All-Share Index (ASI)
▲ 151,102.35
Year-to-Date: +50.01%
Market capitalization: N97.90 trillion
Sentiment: Cautiously Bullish, as key corporate earnings reports and a stable policy outlook from the CBN boosted investor confidence.
Economy & Energy
-
CBN Hikes Interest Rate to 25.5% After MPC Meeting
The Central Bank of Nigeria's Monetary Policy Committee (MPC) concluded its meeting this week, announcing a **150-basis point hike** in the benchmark interest rate, moving it to **25.5%**. The decision aims to combat persistent inflation and stabilize the Naira, despite concerns about stifling credit growth.
-
National Grid Collapses, Plunging Several States into Darkness
Nigeria's national power grid suffered a complete collapse for the third time this year, leading to widespread power outages across several states. The Transmission Company of Nigeria (TCN) confirmed the failure and assured the public that restoration efforts are underway.
-
Naira Plunges Against Dollar on Parallel Market
Despite the CBN's efforts, the Naira continued its depreciation trend on the parallel market, trading at an all-time low of ₦1,550 to the US Dollar. Analysts attribute the decline to sustained high demand for foreign exchange for imports.
-
NNPC Set to Launch Major Deep-Water Oil Project
The Nigerian National Petroleum Company Limited (NNPCL) announced plans to launch a multi-billion-dollar deep-water oil project in the Niger Delta, projected to add over 150,000 barrels of crude oil per day to the nation's output.
Politics & Governance
-
APGA's Candidate Declared Winner of Anambra Guber Poll
The Independent National Electoral Commission (INEC) declared the candidate of the All Progressives Grand Alliance (APGA) as the winner of the keenly contested Anambra State governorship election held last week. Opposition parties have signaled their intent to challenge the results in court.
-
Senate Summons Petroleum Minister Over Fuel Subsidy Payments
The Senate has summoned the Minister of State for Petroleum Resources to appear before it to explain discrepancies and clarify the actual amount being spent on the *de facto* fuel subsidy, following the recent price adjustments at Dangote Refinery.
-
FG Unveils New Tax Policy to Boost Non-Oil Revenue
In a move to diversify funding, the Federal Government unveiled a comprehensive new National Tax Policy aimed at broadening the tax base and increasing non-oil revenue. The plan includes simplified compliance for small and medium-sized enterprises (SMEs).
-
Governors Push for Greater State Control Over Policing
The Nigeria Governors’ Forum (NGF) met and reiterated its call for a constitutional amendment that would allow states to establish their own police forces, arguing it is necessary to effectively tackle the worsening insecurity across the country.
Security & Society
-
Mass Student Abduction in Kaduna State
A secondary school in Kaduna State was targeted by gunmen, resulting in the abduction of over 100 students. The Federal Government has commenced negotiation with the abductors, promising the distraught parents the students' safe and swift return.
-
Lagos to Demolish 50 Properties Over Building Collapse Risk
Following a structural audit, the Lagos State Government announced it will demolish over 50 properties identified as high-risk and structurally distressed, to prevent potential building collapses in densely populated areas.
-
Customs Seizes Contraband Worth N4 Billion in Lagos Port
The Nigerian Customs Service (NCS) announced a massive seizure of contraband goods, including illegal arms and expired pharmaceuticals, valued at over N4 billion at the Apapa Port in Lagos, marking a significant victory against smuggling.
Education & Sports
-
Super Eagles Draw World Cup Playoff, Qualify for AFCON
The Super Eagles secured a crucial 1-1 draw against their rivals in the second leg of the World Cup playoff, narrowly securing their spot in the next qualification round. Earlier in the week, they also confirmed their qualification for the 2026 African Cup of Nations (AFCON) tournament.
-
ASUU Threatens Fresh Strike Over Earned Academic Allowances
The Academic Staff Union of Universities (ASUU) issued a two-week ultimatum to the Federal Government, threatening a fresh nationwide strike over the non-payment of outstanding Earned Academic Allowances (EAA).
-
Tobi Amusan Breaks Another Hurdling Record in Continental Tour
Nigerian track and field star, Tobi Amusan, continued her blistering form by setting a new personal best and a Continental Tour record in the 100m hurdles event in the US, cementing her status as a global athletics icon.
-
Federal Government Approves Establishment of Six New Universities
The Federal Executive Council (FEC) approved the establishment of six new specialized universities across the country, focusing on technology, medicine, and agriculture, in a bid to improve access to higher education.
Promotions & Adverts
Claim your reward now 🎉
📚 The Gift of Two Tongues
By Larry Allen
A storybook for readers aged 5-12 titled "The Gift of Two Tongues," which tells the tale of Olajubu, a Yoruba girl, and Nnamdi, an Igbo boy, who learn the value of their native languages from the wise Pretty Grandma.
I hope you enjoy reading it!
🛒 Get Your Copy Today!Special Birthday Celebration 🎉
🎂 Happy 25th Birthday to Sarah Faye Adedeji!
We celebrate **Sarah Faye Adedeji**, who turned **25** on Thursday, November 13th! As the **Portrait of England 2025**, Sarah Faye is an incredible young woman whose achievements and dedication inspire us all. We send her all our best wishes for a year filled with continued success and happiness.
May this special day bring you joy, good health, and continued success in all your endeavors! 🎉👑
© 2025 TWN News
Comments
Post a Comment