Naira Maintains Stability Against Dollar Amid Tightened Monetary Policy

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February 25, 2026

Figures cited by Vanguard show that the Nigerian Naira has maintained a steady performance against the US Dollar in the official window, opening at N1,351.13 this Wednesday. This stability is being attributed to the Central Bank of Nigeria’s (CBN) consistent market interventions and the current high-interest-rate environment, which has discouraged speculative hoarding. The spread between the official and parallel markets has narrowed to less than 1.5%, a historic low for the currency.

In the parallel market, the dollar is trading between N1,355 and N1,365, reflecting a calm sentiment among currency traders in major hubs like Lagos and Kano. Financial analysts point out that the absence of “unpredictable swings” is a result of improved dollar liquidity in the Nigerian Foreign Exchange Market (NFEM). The CBN’s transparent price discovery mechanism has helped restore some level of confidence among international investors and local manufacturers.

Despite the stability, the high Monetary Policy Rate (MPR) of 26.50% continues to place a strain on borrowing for local businesses. While the strong Naira helps keep imported inflation in check, the cost of capital remains a significant hurdle for expansion. The federal government has expressed optimism that the Naira will appreciate further to the N1,000 mark as oil exports increase and diaspora remittances continue their upward trajectory.

The currency’s performance was also tracked by The Guardian and ThisDay. The Guardian noted that “The convergence of the rates is a significant milestone for the Tinubu administration’s exchange rate unification policy.” ThisDay quoted a lead economist saying, “The Naira’s current stability is fragile but sustainable if oil production targets are met.”

Echotitbits take:

The “Naira-Dollar War” seems to have entered a period of truce. The convergence of rates is great for transparency, but the high interest rates required to sustain this are killing small business growth. Watch the NNPCL’s oil production figures—if they dip, this stability could vanish overnight.

Source: The Punch – https://punchng.com/inflation-plunges-as-reforms-anchor-naira-stability/, February 25, 2026

Photo credit: The Punch

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Zamfara State Allocates N125 Billion for Massive 28-Road Infrastructure Project

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Bob Echols’s

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February 25, 2026

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In an update published by Vanguard, the Zamfara State government has announced a N125.4 billion investment for the construction and rehabilitation of 28 roads across its 14 local government areas. Governor Dauda Lawal’s administration intends for these projects to bridge the infrastructure gap between urban and rural communities, facilitating better movement of agricultural produce and enhancing internal security through improved accessibility.

The road projects are part of the state’s N871.3 billion 2026 budget, which prioritizes capital expenditure at a staggering 83%. This aggressive infrastructure drive is aimed at transforming the state’s economic landscape, which has been hampered by years of neglect and insecurity. The government has assured residents that the selection of the 28 roads was done based on economic impact and the need for regional connectivity.

Contractors have reportedly been mobilized to various sites, with a mandate to ensure high-quality delivery within the stipulated timelines. The state government has also set up a monitoring and evaluation team to prevent the issue of “abandoned projects” that has plagued previous administrations. For the people of Zamfara, this represents one of the largest infrastructure interventions in the state’s history.

The infrastructure push was also reported by Tribune and Daily Trust. Tribune commented that “The N125 billion road project is the cornerstone of Governor Lawal’s ‘Rescue Mission’ for Zamfara.” Daily Trust added, “Villagers in rural Zamfara expressed hope that the new roads would finally allow them to get their crops to market without the fear of being bogged down by mud or bandits.”

Echotitbits take:

Governor Lawal is betting big on the “build it and they will come” philosophy. By focusing on rural roads, he is directly addressing the logistics bottleneck that keeps Zamfara’s farmers poor. However, the success of these roads will depend entirely on the security situation; if the roads aren’t safe to travel, their economic value will be severely diminished.

Source: The Punch – https://punchng.com/how-n140-billion-ongoing-capital-projects-are-shaping-zamfara-official/, February 25, 2026

Photo credit: The Punch

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Nigerian Equities Market Records N1.14 Trillion Loss Following MPC Decision

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Bob Echols’s

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February 25, 2026

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Figures cited by Premium Times show that the Nigerian Exchange (NGX) experienced a significant downturn on Tuesday, with investors losing approximately N1.14 trillion. This sharp decline in market capitalization followed the Central Bank of Nigeria’s Monetary Policy Committee (MPC) decision to maintain high interest rates to combat inflation. Large-cap stocks in the consumer goods and insurance sectors were the hardest hit as investors reacted to the tightening liquidity environment.

The sell-off affected major players such as BUA Foods and several insurance firms, dragging the overall market performance into the red. Despite the general gloom, Jaiz Bank emerged as a lone bright spot, leading the gainers’ chart with a 10% increase. Market analysts suggest that the high-interest-rate environment is driving institutional investors away from equities and toward fixed-income instruments, which currently offer more attractive and safer yields.

Financial experts believe this “correction” was expected given the hawkish stance of the apex bank. The CBN’s priority remains price stability and curbing the headline inflation rate, even if it means temporary pain for the stock market. Brokers on the floor of the Exchange have advised retail investors to maintain a long-term perspective and look for value in fundamentally sound stocks that have been oversold.

Further analysis from BusinessDay and The Punch confirms the market jitters. BusinessDay noted that “The MPC’s decision acted as a catalyst for profit-taking among institutional players.”

The Punch quoted a market analyst who stated, “The volatility is a natural reaction to the CBN’s signal that cheap money is not returning anytime soon.”

Echotitbits take:

The N1.14 trillion wipeout is a stark reminder of how sensitive the NGX is to monetary policy. While the loss is staggering on paper, it offers a “buy the dip” opportunity for savvy investors looking at the banking sector, which typically benefits from high interest rates. Expect the market to remain sideways until the next inflation data release.

Source: Vanguard – https://www.vanguardngr.com/2026/02/investors-lose-n1-14trn-as-ngx-reacts-to-mpc-decision/ , February 25, 2026

Photo credit: Vanguard

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President Tinubu Taps Tunji Disu as Acting Inspector-General of Police

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Bob Echols’s

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February 25, 2026

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In an update published by Daily Post, President Bola Ahmed Tinubu has approved the appointment of Assistant Inspector-General of Police (AIG) Tunji Disu as the Acting Inspector-General of Police (IGP). The appointment follows the sudden resignation of the former IGP, Kayode Egbetokun, who reportedly stepped down on Tuesday citing “pressing family considerations.” The transition takes effect immediately to ensure there is no vacuum in the nation’s security leadership.

Tunji Disu, a seasoned officer known for his previous roles as the Commander of the Intelligence Response Team (IRT) and the Commissioner of Police in various states, is widely regarded as a “tech-savvy” and reform-minded officer. His appointment comes at a critical time when the country is grappling with varied security challenges, ranging from banditry in the North to secessionist tensions in the Southeast.
The change in leadership has sparked significant conversation within the security community, particularly regarding the timing of Egbetokun’s exit.

Analysts suggest that Disu’s immediate priority will be the full implementation of the new police welfare package and the acceleration of the Nigeria Police Force’s modernization project. His track record in intelligence-led policing is expected to play a major role in his strategy.

This leadership change was also covered by The Guardian and ThisDay. The Guardian observed that “Disu’s rise to the top office is seen as a victory for the ‘new school’ of policing in Nigeria.” ThisDay reported that “The Presidency has urged the new Acting IGP to hit the ground running, with a focus on restoring public trust in the force.”

Echotitbits take:

Tunji Disu is a popular choice among the rank and file due to his approachable yet firm leadership style. His biggest challenge will be navigating the political waters of Abuja while maintaining operational independence. Watch for a renewed focus on “intelligence-led policing” and perhaps a cleanup of the police’s specialized units in the coming months.

Source: Arise – https://www.arise.tv/tinubu-removes-egbetokun-appoints-tunji-disu-as-new-inspector-general-of-police/, February 25, 2026

Photo credit: Arise

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United Kingdom Shifts to Fully Digital eVisas for Nigerian Travelers

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Bob Echols’s

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February 25, 2026

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According to Channels TV, the United Kingdom has officially transitioned to a fully digital visa system for all Nigerian nationals starting today, February 25, 2026. This policy change means that successful applicants will no longer receive physical vignette stickers in their passports. Instead, immigration status will be managed through a secure digital UK Visas and Immigration (UKVI) account, accessible to travelers at any time.

The British High Commission in Abuja clarified that while the issuance format has changed, the underlying application requirements remain the same. Applicants are still required to visit Visa Application Centres to provide biometric data and meet all standard eligibility criteria. The move is part of the UK’s broader strategy to modernize its borders and reduce the risks of document loss, theft, or forgery associated with physical stickers.

Benefits of this digital shift include faster processing times for the return of passports, as there is no longer a need to wait for a physical sticker to be printed and attached. Travelers will now be able to share their immigration status with third parties, such as employers or landlords, through a secure “view and prove” service online. The UK government believes this will streamline the travel experience for the thousands of Nigerians who visit the UK annually for business, tourism, and study.

The transition has been further reported by The Nation and Vanguard News. The Nation noted that “The digital visa initiative is a landmark in UK-Nigeria diplomatic relations, simplifying travel for frequent fliers.” Vanguard added that “Stakeholders in the travel industry have praised the move, with one travel agent stating, ‘This eliminates the anxiety of passport transit and physical document damage.'”

Echotitbits take:

The shift to eVisas is a double-edged sword; while it eliminates the logistical nightmare of physical stickers, it places a higher premium on digital literacy for travelers. Expect some initial confusion at boarding gates as airline staff adjust to verifying digital records. Travelers should ensure their UKVI accounts are updated and accessible before heading to the airport.

Source: NigeriaInfo – https://www.nigeriainfo.fm/abuja/news/homepageabuja/uk-to-roll-out-e-visa-for-nigerian-travellers-from-february-25/, February 25, 2026

Photo credit: NigeriaInfo

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Nigeria’s Banking Sector Hits N4 Trillion Capital Milestone Ahead of Reform Deadline

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Bob Echols’s

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February 25, 2026

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Reporting by The Punch indicates that Nigerian commercial banks have successfully raised approximately N4.05 trillion in fresh capital. This massive liquidity injection comes as the industry races toward the March 31, 2026, deadline set by the Central Bank of Nigeria (CBN) for its comprehensive recapitalization exercise. CBN Governor Olayemi Cardoso confirmed that the verified funds represent a nearly 100% increase from the N2.4 trillion recorded in the first half of the previous year.

The surge in capital is expected to provide the necessary buffer for Nigerian financial institutions to support the federal government’s ambition of achieving a $1 trillion economy. By strengthening their balance sheets, banks are now better positioned to handle large-ticket transactions, particularly in the infrastructure and manufacturing sectors. The CBN chief noted that this stability is also reflected in the nation’s gross external reserves, which reached a 13-year high of $50.4 billion this February.

Beyond domestic stability, the capital boost is designed to enhance the global competitiveness of Nigerian banks. With larger capital bases, these institutions are increasingly looking to expand their footprints across the African continent, taking advantage of the African Continental Free Trade Area (AfCFTA) framework. The apex bank remains optimistic that the remaining weeks will see the final few banks cross the regulatory threshold.

This development has been corroborated by Premium Times and Leadership, which both highlighted the resilience of the financial sector. According to Premium Times, “The successful verification of N4.05 trillion by the apex bank signals a new era of financial depth for Nigeria.” Meanwhile, Leadership reported that “Market analysts view this capital milestone as a vote of confidence from both local and international investors in the Nigerian banking system.”

Echotitbits take:

This capital milestone is a massive win for the Cardoso-led CBN, proving that the aggressive reform agenda is yielding tangible results. For the average Nigerian, this means a more stable banking environment and a likely increase in credit availability for small and medium enterprises (SMEs). Watch for a flurry of new product launches and increased lending activity in the second quarter of 2026 as banks look to deploy their new capital.

Source: Legit.ng – https://www.legit.ng/business-economy/economy/1698537-cbn-unveils-number-banks-met-recapitalisation-requirement-4-weeks-deadline/, February 25, 2026

Photo credit: Legit.ng

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Salt-N-Pepa and DJ Spinderella Set for Hall of Fame Induction at NAACP Awards

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Bob Echols’s

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February 24, 2026

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In an official statement by BET, legendary hip-hop pioneers Salt-N-Pepa and DJ Spinderella are confirmed to be inducted into the Hall of Fame during the upcoming 57th NAACP Image Awards. The iconic trio, who were the first all-female rap group to go platinum, are being honored for their “unapologetic femininity” and groundbreaking contributions to music.

The awards ceremony, which revealed its star-studded lineup of presenters including Halle Bailey, Regina Hall, and Ryan Coogler, aims to celebrate the group’s “fearless lyrics” that paved the way for modern female rap stars. This induction is particularly significant as it reunites the names of the three women who defined the “Golden Era” of female hip-hop.

Salt-N-Pepa’s influence extends beyond music into fashion and cultural activism, making them a cornerstone of US pop culture. Their induction follows a recent trend of legendary Black artists receiving their “flowers” while they can still celebrate their impact on the global stage.

The event is expected to be a major highlight for US hip-hop and soul culture, featuring a blend of nostalgic tributes and modern performances. The NAACP Image Awards continue to be a primary vehicle for honoring Black excellence across film, TV, and music.

* NAACP Official Press Release: “The 57th NAACP Image Awards will honor Salt-N-Pepa and DJ Spinderella for their trailblazing career in hip-hop.”

* Chase Infiniti (Presenter/Actor) via Social Media: “Honored to be presenting at the NAACP awards as we celebrate icons like Salt-N-Pepa.”

Echotitbits take:

This is a long-overdue reconciliation of legacy. For years, internal disputes often saw DJ Spinderella left out of major Salt-N-Pepa tributes. The fact that all three names are listed for this induction suggests a united front that will likely lead to a lucrative reunion tour or a documentary deal. In the age of Megan Thee Stallion and Cardi B, the “Mothers of Modern Rap” are reclaiming their throne.

Source: BET — https://www.bet.com/article/gl1cug/salt-n-pepa-dj-spinderella-to-enter-hall-of-fame-as-star-power-fills-57th-naacp-image-awards-lineup February 24, 2026

Photo Credit: BillBoard

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Orlando Magic’s Desmond Bane Set to Face Lakers in High-Stakes NBA Clash

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Bob Echols’s

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February 24, 2026

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A report by Covers.com highlights Orlando Magic shooting guard Desmond Bane as the player to watch in tonight’s (February 24) matchup against the Los Angeles Lakers. Bane has been on a “hot streak” that has revitalized the Magic’s season, making him a central figure in NBA player prop discussions for the 11-game slate.

The Orlando Magic are looking to capitalize on Bane’s scoring efficiency as they face a Lakers defense that has struggled with perimeter shooters recently. Analysts suggest that Bane’s performance will be the “spell” that determines if Orlando can secure a win in Los Angeles, a feat that would solidify their standing in the Eastern Conference.

In other NBA news, the Chicago Bulls are currently fighting to end an eight-game losing streak—the longest in the Eastern Conference—as they prepare to face the New York Knicks. The “back-to-back” schedule for several teams tonight is expected to test the depth and fitness of key rosters across the league.

As the NBA season progresses toward the playoffs, individual performances from stars like Bane are drawing significant attention from both fans and sports bettors. The Magic’s reliance on Bane’s “hot hand” underscores his transition from a role player to a franchise cornerstone.

* Bleacher Nation: “Desmond Bane’s hot streak has fueled a good run of Orlando Magic basketball… heading into tonight’s matchup.”

* Reuters Connect: Featured images show Bane (3) in training, with reporters noting his “increased usage rate” in the Magic’s offensive schemes.

Echotitbits take:

Desmond Bane has quietly become one of the most efficient “underrated” stars in the league. For the Nigerian NBA audience, which often leans toward the Lakers (due to the LeBron factor), Bane represents the “spoiler” who could derail the Lakers’ playoff seeding hopes. If he puts up 30+ tonight, expect his All-NBA conversation to heat up significantly.

Source: Reuters — https://www.reuters.com/sports/basketball/magic-desmond-bane-carry-hot-streak-into-meeting-with-lakers–flm-2026-02-24/ February 24, 2026

Photo Credit: NBA

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Manchester United Reclaim Top Four Spot After Monday Night Win

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Bob Echols’s

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February 24, 2026

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According to The Mirror, Manchester United moved back into fourth place in the Premier League table following a gritty 1-0 victory over Everton on Monday Night Football. The win places them three points ahead of Chelsea, who currently sit in fifth after a disappointing draw with Burnley.

The race for Champions League qualification has intensified, with Liverpool also remaining in the hunt despite being in sixth place. Statistical projections from Opta Analyst now give Arsenal a 100% chance of qualifying for the Champions League, while Manchester United’s recent form has significantly boosted their probability of finishing in the top four.

The “Red Devils” have been cited as the most in-form team among the Champions League hopefuls, capitalizing on slip-ups by rivals like Aston Villa. With only ten games remaining in the season, every point has become critical for the clubs battling for the lucrative European spots.

Meanwhile, Liverpool’s dramatic win over Nottingham Forest has kept them within touching distance, though they remain outside the top five. The coming weeks will see several “six-pointer” matches that could ultimately decide the final standings of the 2025/2026 season.

* Liverpool Echo: “Manchester United moved back up to fourth spot… while Chelsea sit three points adrift in fifth.”

* Sky Sports Football: “A narrow 1-0 win for Ten Hag’s men puts the pressure back on Chelsea and Liverpool in the top four race.”

Echotitbits take:

United’s season has been a rollercoaster, but their ability to “grind out” 1-0 wins is a classic hallmark of a successful top-four charge. For Nigerian fans—who are heavily split between Man Utd and Chelsea—this weekend’s results have shifted the bragging rights back to the red half of Manchester. Watch for the upcoming United vs. Chelsea fixture; it will likely be the “decider” for the final UCL slot.

Source: The Mirror — https://www.mirror.co.uk/sport/football/news/man-utd-champions-league-liverpool-36774116 February 24, 2026

Photo Credit: The Mirror

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Asake Ranks as Spotify Nigeria’s Most Streamed Artist in 5-Year Report

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Bob Echols’s

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February 24, 2026

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According to Spotify Nigeria, Asake has officially emerged as the most-streamed artist in the country as the platform celebrates its fifth anniversary in the Nigerian market. The report, released on February 24, 2026, showcases a massive 163.5% growth in streaming since the platform’s launch in February 2021.

The data reveals that Afrobeats has seen a staggering 5,022% increase in local streams over the last five years. Following Asake in the top five most-streamed list are global heavyweights Burna Boy, Wizkid, Seyi Vibez, and Davido. Asake’s dominance is further cemented by his tracks “Remember” and “Lonely At The Top” being among the most replayed songs.

The report also highlights a “quiet revolution” where a new wave of younger, independent artists is growing rapidly without traditional record label backing. Interestingly, indigenous language listening has also surged, with local dialect-based tracks seeing a 554% increase in 2024 alone.

This milestone underscores Nigeria’s position as the powerhouse of African music, with Spotify recording over 1.4 million play hours in the country during 2025. The data proves that while the “Big Three” remain influential, the appetite for street-pop and neo-fuji (led by Asake and Seyi Vibez) is currently unparalleled.

* BellaNaija: “Spotify’s five year Nigeria report confirms Asake at number one… with 1.4 billion listening hours in 2025.”

* TVC News: “Spotify Nigeria: Asake Emerges Most-Streamed Artiste… highlighting the country’s rapid rise in global streaming.”

Echotitbits take:

The “Asake Era” isn’t just a purple patch; it’s a data-backed takeover. His ability to blend Fuji elements with Amapiano and Afrobeats has created a “sticky” sound that outperforms even the legendary “Big Three” locally. This report is a wake-up call for advertisers and promoters: if you want the Nigerian youth’s attention, the road leads through the “Neo-Fuji” movement.

Source: Arise — https://www.arise.tv/asake-emerges-most-streamed-artist-as-spotify-nigeria-hits-5-years/ February 24, 2026

Photo Credit: Arise

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