TWN News Roundup

TWN News Roundup 26th October - 1st November 2025

TWN News

Weekly Briefing
The Week's Top Stories: Oct 26 - Nov 1, 2025

Welcome back! I'm Omotola Oluwashindara, and this week brings controversial policy decisions as President Tinubu approves a 15% fuel import tariff and designates Nigeria on a US watchlist, while the stock market maintains its bullish momentum with continued investor confidence.

Market & Sentiment Overview

NGX All-Share Index (ASI)

▲ 153,677

Year-to-Date: +57.37%

Market capitalization: N97.6 trillion

Economy & Energy

• Tinubu Approves 15% Import Tariff on Petrol and Diesel

  President Tinubu signed off on a controversial 15% ad-valorem import duty on petrol and diesel effective October 21, 2025. The policy, aimed at boosting local refineries like Dangote and protecting domestic refining capacity, is expected to add approximately ₦99.72 per litre to fuel costs. The Presidency defended the move as "a bridge from dependence to independence," though stakeholders warn pump prices could exceed ₦1,000 per litre. The tariff takes full effect after a 30-day transition period ending November 21, 2025.

• Trump Designates Nigeria "Country of Particular Concern"

  US President Donald Trump designated Nigeria a "Country of Particular Concern" on October 31, citing alleged persecution of Christians and claiming thousands have been killed by radical Islamists. The designation, which opens the door for potential sanctions, was contested by the Nigerian government. Trump called on Congress to investigate the matter, though the move bypassed normal procedures typically involving the US Commission on International Religious Freedom.

• Stock Market Sustains Momentum

  Despite global uncertainties, the Nigerian Exchange maintained its impressive year-to-date performance of 57.37%, closing at 153,677 points on October 30. Market capitalization reached N97.6 trillion as investor confidence continues to build on economic reforms and improved corporate earnings.

• CBN to Overhaul Fixed Income Market

  The Central Bank announced it will take full control of both the settlement process and trading platform for fixed income transactions starting November 2025, as part of strategic reforms to deepen transparency and efficiency in the financial ecosystem.

Politics & Governance

• Court Suspends PDP National Convention

  A Federal High Court in Abuja halted the Peoples Democratic Party's planned national convention scheduled for November 15-16 in Ibadan. Three PDP chairmen filed suit alleging constitutional violations in the convention's preparation, with the court restraining both party leadership and INEC from proceeding.

• Over 50 Generals Expected to Retire After Military Shakeup

  Following President Tinubu's appointment of new service chiefs from Nigerian Defence Academy Course 40, military sources indicate over 50 generals who are contemporaries or seniors to the outgoing chiefs are expected to proceed on retirement. The reshuffle includes General Olufemi Oluyede as Chief of Defence Staff, replacing General Christopher Musa.

• Governor Diri's Defection Details Emerge

  Facts emerged on why Bayelsa State Governor Douye Diri delayed his defection to the All Progressives Congress for two weeks after resigning from the PDP, with political observers citing strategic timing and consultations with stakeholders.

• PDP Leadership Crisis Deepens

  The party's National Convention Organising Committee appointed Eyitayo Jegede (SAN) as Chairman of its Screening Committee, even as internal defection campaigns and court challenges continue to rock the opposition party.

Education & Sports

• Nigeria Women's Football League Sets November 26 Kickoff

  The NWFL confirmed the 2025/2026 season will begin on November 26, 2025, and conclude on April 22, 2026. Twenty clubs will participate, with six teams facing relegation at season's end. The league includes a Christmas break after four match weeks, resuming January 7, 2026.

• JS Darinho Sports Academy: Building Future Champions

  JS Darinho Sports Academy continues to nurture young sporting talent in Nigeria, providing world-class training and development programs for aspiring athletes. The academy focuses on building not just skilled players, but well-rounded individuals through sports education. Learn more about their programs and training opportunities.

• JAMB Flags 2,658 Illegal Admissions

  The Joint Admissions and Matriculation Board identified 2,658 illegal admissions conducted during the 2024/2025 academic session, highlighting ongoing challenges with admission irregularities in Nigerian tertiary institutions.

• Federal Government Recovers 90 Mining Sites

  The Ministry of Solid Minerals announced the recovery of over 90 mining sites from illegal operators in 2024, generating N28 billion in revenue and surpassing budgetary targets for the year.

Infrastructure & Development

• Oyo Hands Over 90 Hectares for Moniya Inland Dry Port

  The Oyo State Government officially transferred 90 hectares of land to the Federal Government for construction of the proposed Moniya Inland Dry Port in Ibadan, marking a significant step toward boosting trade and logistics in the Southwest region.

• Consultant Neurosurgeon Kidnapped in Anambra

  Kidnappers abducted Dr. Mbanugo T., a consultant neurosurgeon, in Uruagu Nnewi, Nnewi North Local Government Area of Anambra State, highlighting ongoing security challenges in the Southeast region.

• Guinea-Bissau Foils Military Plot

  The army in Guinea-Bissau announced it had thwarted a plot to destabilize the government, arresting several senior military officers accused of attempting to subvert the country's constitutional order.

Special Birthday Celebration 🎉

🎂 Happy Birthday Mr. Dare Osunsanya!

Today, we celebrate Mr. Dare Osunsanya, the visionary founder of JS Darinho Sports Academy! Your dedication to nurturing young talent and building future champions has transformed countless lives. Thank you for your commitment to developing Nigeria's sporting excellence and creating opportunities for aspiring athletes.

May this special day bring you joy, good health, and continued success in all your endeavors. Here's to many more years of making a difference! 🎉⚽🏆

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