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TWN NEWS
WEEKLY EDITION
Week Ending: Saturday, 7 March 2026
Edition No. 2026-10 | Lagos, Nigeria
Edition No. 2026-10 | Lagos, Nigeria
■ Nigeria's Premier Weekly News Digest
Sunday 8 March 2026 | Lagos Time (WAT)
π°
Top Stories — Week Ending 7 March 2026
News Roundup
π¦ Economy & Banking
01
CBN Confirms 30 Banks Have Met New Minimum Capital Requirements
The Central Bank of Nigeria confirmed this week that 30 Nigerian banks have successfully met the new minimum capital thresholds set under the ongoing banking recapitalisation exercise, ahead of the 31 March 2026 deadline. The milestone underscores renewed confidence in Nigeria's financial sector as lenders complete rights issues and public offerings to shore up capital buffers.
⚖️ Politics & Governance
02
Senate Summons Ex-NNPC Boss Kyari Over ₦210tn Audit Queries
The Nigerian Senate summoned former NNPC Group CEO Mele Kyari to appear before a legislative panel over audit queries linked to as much as ₦210 trillion in questioned transactions. The move is part of intensified oversight efforts by the National Assembly as lawmakers examine accountability in the oil sector.
π Security & Conflict
03
Borno: Hundreds Still Missing After Boko Haram Attack
Hundreds of civilians remain unaccounted for following a devastating Boko Haram assault in Borno State. Theatre Commander General Abubakar paid tribute to fallen soldiers. Security forces have been deployed in full force, while humanitarian organisations have raised alarms about access and shelter for internally displaced persons.
⚡ Energy & Infrastructure
04
Tinubu Inaugurates National Grid Management Committee to Boost Power Supply
President Bola Tinubu inaugurated a high-powered committee tasked with improving the management of Nigeria's national electricity grid this week, part of the administration's broader push to stabilise power supply. Separately, the US-Iran war's disruption of global oil markets prompted debate between petroleum marketers and the Dangote Refinery over domestic petrol pricing.
π³️ Politics & Parties
05
Seriake Dickson Dumps PDP, Forms New Democratic Coalition
Former Bayelsa State Governor Seriake Dickson formally exited the PDP this week, announcing the formation of a new political vehicle — the New Democratic Coalition (NDC). The defection is the latest in a series of high-profile exits reshaping Nigeria's political landscape ahead of the 2027 general elections.
⚖️ Legal & Rights
06
#EndSARS Protester Regains Freedom After Six Years in Detention
A prominent #EndSARS protester was released from detention this week after spending six years behind bars — a case rights groups described as emblematic of Nigeria's challenged justice system. The release sparked renewed calls for the government to address outstanding compensation and accountability measures from the 2020 protest panels.
π Education & Policy
07
FG Approves 100% Gratuity for Retiring Civil Servants; Clamps Down on Certificate Fraud
The Federal Government approved a 100% gratuity package for retiring civil servants this week, a move unions described as a significant step toward improved welfare. Simultaneously, the government announced a tightening of academic record verification to combat the rampant falsification of certificates in public and private sector recruitment.
π International
08
Nigeria Navigates US-Iran Conflict Fallout as Global Markets Reel
Nigeria began feeling the reverberations of the widening US-Israel-Iran conflict, with crude oil markets entering volatility and Umrah travellers stranded abroad. The Iranian envoy formally declared Tehran's right to self-defence. Domestically, netizens praised the Dangote Refinery as a shield against the worst of global energy price shocks.
π Markets & Business
09
NGX All-Share Index Surges 2.1% for the Week, Nears 200,000 Milestone
Nigerian equities closed the week on a bullish note, with the All-Share Index settling at 196,968.15 — a weekly gain of roughly 2.1% — leaving it just shy of the 200,000-point mark. Market cap closed at ₦126.44 trillion and YTD returns stood at 26.58%. Top gainers included Eterna (+10%) while Berger Paints led losers at -9.93%.
π Sports
10
Super Eagles' Victor Osimhen Linked with Barcelona Move; Boxing Week Closes in Lagos
Super Eagles striker Victor Osimhen emerged as a transfer target for FC Barcelona this week, fuelling excitement among Nigerian football fans. Meanwhile, the maiden National Boxing Week concluded at the National Stadium in Lagos, serving as a Commonwealth Games qualifier showcase with strong performances from several foreign-based Nigerian boxers.
TWN
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