TWN NEWS 13th Sept 2026
Lagos, Nigeria
News Roundup
Happy Birthday to
Tomorrow, September 14th, is a very special day — our own Larry Allen celebrates his birthday! The man behind TWN News, a published author of 23 books, a visionary content creator, and the driving force behind one of Nigeria's most engaging weekly news platforms.
Larry, you bring knowledge, warmth, wit, and purpose to everything you do. You have built something truly remarkable with TWN News — week after week, story after story, you keep Nigeria informed, entertained, and inspired. You are a gentleman, a scholar, and a joy to know.
May this birthday mark the beginning of your greatest year yet — filled with abundant health, joy, breakthrough, and all the blessings your heart desires. Birthday Loading... and it's going to be EPIC! 🚀🎂
Jeremiah 29:11 — "For I know the plans I have for you, declares the Lord — plans to prosper you and not to harm you, plans to give you hope and a future." 🙏 Happy Birthday Larry! 🎉
NGX Sheds ₦1.96 Trillion as Investors Liquidate Positions for Dangote Refinery IPO — Opens Tomorrow, September 14
The Nigerian equities market closed the week on a negative note, with the benchmark NGX All-Share Index declining 1.60% week-on-week to close at 243,052.74 points, while market capitalisation decreased by approximately ₦1.96 trillion to ₦157.59 trillion. Market breadth remained firmly negative during the week, with only nine gainers against 80 losers. However, the market had opened the week brilliantly on Monday, with the ASI advancing 0.29% to 247,699.78, reclaiming the ₦160 trillion market cap threshold for the first time since August 10. The correction was almost entirely driven by a deliberate investor rotation: capital market specialists linked the significant drop to substantial sell-offs aimed at raising cash in preparation for the Dangote Refinery IPO. Institutional investors reduced their exposure to existing equities to create liquidity. Dangote Refinery's H1 2026 results are extraordinary — revenue of ₦19.13 trillion — the largest in Nigerian corporate history — with net profit of $1.82 billion and EBITDA of $2.60 billion. Gross profit jumped from ₦225 billion in H1 2025 to ₦3.43 trillion — a 15-fold increase. The IPO opens tomorrow, September 14.
Historic Milestone: Non-Crude Exports Overtake Crude for First Time in 6 Years — Nigeria's Trade Surplus Hits N12.6 Trillion
Nigeria's non-crude oil exports overtook crude oil exports for the first time in at least six years in the second quarter of 2026, based on National Bureau of Statistics trade data, roughly doubling the country's overall trade surplus year-on-year. Nigeria recorded a trade surplus of N12.596 trillion — a landmark economic milestone reflecting the transformative impact of the Dangote Petroleum Refinery and other downstream industrial investments. Vice President Shettima highlighted that Flutterwave, Moniepoint, and Andela are leveraging Tinubu's reforms for global expansion — a sign that Nigeria's tech sector is increasingly being shaped by the macroeconomic environment of recent years. However, Atiku Abubakar criticised what he called the federal government's unprecedented appetite for domestic borrowing, saying it is starving businesses of credit.
Explosive: Nigeria Secretly Maintained Ceasefire With Boko Haram for 3 Months — 360 Freed, $3.7m Ransom Alleged
Nigeria's government quietly maintained a ceasefire with Boko Haram since June — three months old as of this week — confirmed to The New Humanitarian by officials who described negotiations led by the Office of the National Security Adviser and the Department of State Services. The arrangement secured the release of 360 civilians seized from Ngoshe, a village in the Mandara mountains near the Cameroon border, abducted in March during an insurgent attack on a nearby army base. Officials alleged five billion naira — about $3.7 million — changed hands to secure the release, a figure the Presidency denies while referring every question to a Defence Ministry that has not responded. Conflict researcher Malik Samuel called the pause a tactical convenience rather than a step toward peace, warning it "doesn't really affect the trajectory of the war." The story has ignited fierce debate about Nigeria's stated position of never negotiating with terrorists.
2027: Osun APC Files Tribunal Petition; Police, INEC, Judiciary Pledge Fair Play; Peter Obi Extends Olive Branch
The APC and PDP filed parallel petitions challenging Governor Adeleke's Osun election victory — with both parties alleging irregularities in the August 15 poll. Police, INEC, and the Judiciary all pledged fair play as 2027 electioneering formally began, with all three institutions vowing to uphold democratic principles and resist political pressure. In a significant moment of political maturity, Peter Obi said opposition parties will work with whoever Nigerians elect president in 2027, provided the process is free and credible — a statement welcomed as constructive by civic observers. Police stepped up efforts to rescue abducted FUTO students, as families continue to wait anxiously for news of their children.
FG Hands King's College Lagos to Old Boys; Oyo Police Rescue 17 Trafficked Children; Dangote IPO Officially Launched
The Federal Government handed over King's College Lagos management to the school's Old Boys' Association — a landmark move that returns one of Nigeria's most prestigious secondary schools to alumni stewardship, ending decades of federal mismanagement. Oyo State Police uncovered a child trafficking network and rescued 17 children — a major law enforcement breakthrough that highlights the ongoing menace of human trafficking in Nigeria. Dangote Refinery officially launched its ₦2.15 trillion IPO — Nigeria's first fully digital retail offer, with a minimum subscription of N5,250 for 10 shares, targeting 10 million subscribers via a BVN-integrated platform, and offering a loyalty bonus of one free share after 12 months.
Nigeria Researcher Champions AI-Driven Agriculture; Diphtheria Continues to Spread; Medical Tourism Risks Highlighted Again
Nigerian researcher Oluwadamilola Esan is advocating for greater attention to the role emerging technologies can play in strengthening Nigeria's agricultural infrastructure — arguing that AI-driven tools could dramatically reduce post-harvest losses that currently cost Nigeria billions of naira annually, and help address the persistent food insecurity affecting millions of households. The diphtheria outbreak continues to spread across northern states, with Plateau having shut schools last week. Health authorities urge parents to present children for vaccination immediately. The National Health Technology and Data Analytics Office (NHTDAO) under Dr. Obi Adigwe continues building the digital health infrastructure that Nigeria urgently needs to track and respond to outbreaks like the current diphtheria crisis with real-time data.
NFF Elective Congress in 14 Days — Makinde Says Nigeria's Oil Must Deliver Measurable Benefits; UCL Season Begins
Oyo State Governor Seyi Makinde stated that Nigeria's oil must give measurable benefits to ordinary Nigerians — a direct comment on the Dangote IPO and the broader question of whether Nigeria's energy transformation will translate into real improvements in living standards. The NFF Elective Congress is now 14 days away (September 27, Lafia), and the stakes for Nigerian football have never been higher. The new NFF president will inherit a sport in crisis — two consecutive World Cup absences for the Super Eagles, a Super Falcons side that missed the Women's World Cup, and ongoing governance failures. The UEFA Champions League 2026/27 season begins this week, with 10 players to watch — including Nigerian stars Victor Osimhen and Ademola Lookman, who will be hoping their club performances keep them in the Super Eagles' reckoning for the 2030 World Cup qualifying campaign.
⚽ JS Darinho Sports Academy — The Future of Nigerian Football Starts Here
With the NFF Elective Congress 14 days away, JS Darinho Sports Academy — founded by Dare Osunsanya — continues doing what Nigerian football's administrators have often failed to do: building genuine talent at the grassroots with discipline, structure, and accountability. Through the Ijebu Premier League and daily training programmes, JSDSA is investing in Nigeria's footballing future. Learn more about JSDSA →
BBNaija S11: Nomy Disqualified; Building Collapses in Abuja Hours After Sealing; YangaBeauty Founder Celebrates a Decade
Nomy was disqualified from BBNaija Season 11 in a dramatic turn that shocked viewers and sparked fierce debate online. 13 housemates were also put up for possible eviction in week seven — making this one of the most intense weeks in the current season. In a deeply worrying infrastructure story, a building collapsed in Abuja hours after being sealed by the FCTA — raising serious questions about the enforcement of building safety standards in the capital. Jennifer Lisa Uloko, Founder and CEO of YangaBeauty — a Nigerian beauty brand founded with women of African heritage in mind — celebrated over a decade of business leadership and creative excellence, inspiring a new generation of Nigerian entrepreneurs. The tech sector also celebrated as Flutterwave, Moniepoint, and Andela continued their global expansion stories.
From health and wellness to philosophy, fiction, children's stories, and the art of human connection — Larry Allen's remarkable catalogue celebrates his birthday tomorrow with 23 published titles and counting. Happy Birthday, Larry! 🎂📚
23 Titles — Available Worldwide on Amazon 🎂
📚 Visit Larry Allen's Amazon Author Page → Birthday Edition!🇳🇬 Nigerian Children's Books — Now on Selar
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