Federal Government Sets Ambitious 2.5 Million BPD Oil Target for 2027

By

-

February 5, 2026

In an update published by Vanguard, the Federal Government has called on International Oil Companies (IOCs) to take decisive action to ramp up crude oil production. Speaking at the 2026 Nigerian International Energy Summit (NIES) in Abuja, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, emphasized that the country aims to reach a production capacity of 2.5 million barrels per day (bpd) by 2027. This follows a 2025 average of 1.6 million bpd, which fell short of the 2.06 million bpd budget benchmark.

The Minister stressed that the success of the entire petroleum value chain—from refining to distribution—is fundamentally dependent on the upstream sector’s performance. He reassured investors that the Petroleum Industry Act (PIA) provides a level playing field for both indigenous and foreign operators. The government’s renewed focus comes as the economy seeks to bolster foreign exchange earnings through increased energy exports.

The Nation and BusinessDay are also tracking these developments from the NIES summit. The Nation noted that “the government is looking to eliminate technical hitches and oil theft that have historically hindered production.” BusinessDay highlighted the private sector’s response, quoting an industry executive who said, “the roadmap is clear, but the infrastructure for evacuation must match the production targets.”

Echotitbits take:

Achieving 2.5 million bpd is a tall order considering the aging infrastructure of many onshore assets. However, if the recent divestments by IOCs to local firms lead to more aggressive drilling in marginal fields, we might see a significant uptick. The government must ensure that the “enabling environment” mentioned includes physical security for pipelines to prevent the return of large-scale crude theft.

Source: Arise – https://www.arise.tv/tinubu-reaffirms-nigerias-3-million-bpd-oil-output-target-by-2030/, February 5, 2026

Photo credit: Arise

Inline1

President Tinubu Deploys Army Battalion to Kwara Following Deadly Terror Attack

By

Bob Echols’s

-

February 5, 2026

0

Reporting by Premium Times indicates that President Bola Tinubu has ordered the immediate deployment of an army battalion to Woro village in the Kaiama Local Government Area of Kwara State. The directive follows a devastating overnight attack by Boko Haram terrorists, reportedly under the command of Mallam Sadiku, which resulted in scores of fatalities. The Presidency confirmed that the new military command will spearhead “Operation Savannah Shield” to secure the border communities and prevent further incursions from the nearby Kainji forest reserve.

The state government initially placed the death toll at 75, while the Red Cross reported as many as 162 confirmed deaths by Wednesday evening. Residents revealed that the terrorists invaded the community around 5:00 p.m. on Tuesday, continuing their assault into the early hours of Wednesday. The victims were allegedly targeted for refusing to subscribe to extremist ideologies or be conscripted into the group’s ranks.

The Daily Trust and Channels TV have also provided extensive coverage of the massacre. Daily Trust quoted a local survivor who stated, “the attackers came in large numbers and showed no mercy to those who stood their ground.” Channels TV reported that “security forces have begun a massive manhunt in the Kainji forest reserve,” with a military source confirming that “no stone will be left unturned in neutralizing the Sadiku-led faction.”

Echotitbits take:

The relocation of Boko Haram elements to the North-Central axis (Kwara/Niger borders) represents a dangerous geographical shift in the insurgency. While the deployment of a full battalion is a necessary reactive measure, the long-term security of the Savannah belt will depend on intelligence-led operations within the Kainji National Park. This development may force a redirection of security spending in the 2026 supplementary budget.

Source: DailySabah – https://www.dailysabah.com/world/africa/nigeria-deploys-military-after-latest-massacre-kills-at-least-162, February 5, 2026

Photo credit: DailySabah

Inline1

Naira Strengthens Against Dollar as Market Liquidity Stabilizes

By

Bob Echols’s

-

February 5, 2026

0

According to reporting by Vanguard, the Nigerian Naira sustained its positive momentum against the United States dollar during the early trading hours of Thursday, February 5, 2026. The local currency opened at approximately 1,368.56 per dollar at the Nigerian Foreign Exchange Market (NFEM), reflecting a steady appreciation from the 1,388 levels recorded only 24 hours prior. This recovery is largely attributed to the Central Bank of Nigeria’s (CBN) aggressive market-matching strategies and a robust increase in external reserves.

The Electronic Foreign Exchange Matching System (EFEMS) has been cited as a primary driver for narrowing bid-ask spreads, fostering greater transparency within the official window. In the parallel market, the dollar exchanged between 1,450 and 1,465 across major hubs like Lagos and Abuja. Bureau De Change operators noted that while a premium remains, the gap between official and informal rates has contracted to one of its lowest margins in several months due to steady supply from diaspora remittances.

The Punch and ThisDay have corroborated this downward trend in exchange volatility. Business analysts at The Punch remarked that “the Naira’s resilience this week suggests a shift from speculative behavior to demand-driven market fundamentals.” Similarly, ThisDay reported that “investor confidence is returning as the CBN stabilizes the liquidity pool,” with one analyst noting that “we are seeing the most stable foreign exchange window since the unification reforms of 2024.”

Echotitbits take:

The narrowing gap between the official and parallel market rates is a significant victory for the CBN’s monetary policy. If the current liquidity levels are maintained through Q1 2026, we expect a further reduction in imported inflation, which could lead to a potential softening of interest rates by mid-year. Watch for the next Monetary Policy Committee (MPC) meeting to see if these gains trigger a shift from the current 27% MPR.

Source: BusinessDay – https://businessday.ng/news/article/naira-maintains-steady-rise-hits-n1358-28-as-reserves-grow/, February 5, 2026

Photo credit: BusinessDay

Inline1

Chioma Adeleke Faces “Cheap Dress” Backlash Following Grammy Appearance

By

Bob Echols’s

-

February 5, 2026

0

According to Naija News, Chioma Adeleke, the wife of Afrobeats superstar Davido, has become the center of a heated fashion debate following her red carpet appearance at the 2026 Grammys. While her husband faced professional disappointment, Chioma faced personal scrutiny from fashion critics and social media trolls who labeled her outfit as “cheap” and “underwhelming” for such a high-profile event.

The backlash has divided fans, with many rushing to her defense, citing her grace and the difficulty of navigating the intense global spotlight. This controversy comes amidst a larger conversation about the pressure on the spouses of Nigerian megastars to maintain a “luxury” aesthetic that satisfies both local and international expectations.

BellaNaija took a more positive stance, showcasing her look in a feature titled “See Chioma’s Stunning Igbo-Inspired Outfit,” highlighting the cultural significance of the attire. However, Legit.ng reported on the harsher side of the internet, noting, “She looks cheap in the dress—Davido’s wife Chioma faces backlash.”

Echotitbits take:

The “Chef Chi” brand is usually bulletproof, but the Grammy stage is a different beast entirely. This backlash highlights the toxic “perfection culture” prevalent in Nigerian celebrity circles. Whether the dress was a hit or a miss, the real story here is the relentless scrutiny women in the industry face compared to their male counterparts.

Source: Naija News — https://www.naijanews.com/2026/02/02/she-looks-cheap-in-the-dress-davidos-wife-chioma-faces-backlash-over-grammy-red-carpet-outfit/ February 4, 2026

Photo Credit: Naija News

Inline1

Nollywood Star Amanda Oruh Speaks on “Bittersweet” Sundance Success Amid Visa Hurdles

By

Bob Echols’s

-

February 5, 2026

0

A YouTube video by Amanda Oruh has gone viral after the actress shared her emotional journey of missing the premiere of her film LADY at the 2026 Sundance Film Festival. Despite the film being a major success at the prestigious US festival, Oruh revealed that visa restrictions prevented her from being physically present to celebrate her career’s biggest milestone.

The actress described the “pride and pain” of watching her success from thousands of miles away in Lagos. Her story has sparked a wider conversation about the systemic barriers Nigerian creatives face when trying to access the international stages they have legitimately earned through their work.

In a corroborating post on BellaNaija, the platform noted, “Amanda Oruh’s film LADY premiered… but visa restrictions kept her from being there.” Furthermore, The Punch echoed the sentiment of the industry, quoting her: “Success doesn’t always look the way we imagine; sometimes you achieve something incredible and still feel the sting of what you lost.”

Echotitbits take:

Oruh’s story is a sobering reminder that talent alone isn’t always enough to overcome geopolitical hurdles. While LADY is now heading to the Berlinale, the “visa ban” issue remains a major bottleneck for the global expansion of Nollywood. Expect this to fuel more calls for streamlined cultural exchange visas for top-tier African artists.

Source: Amanda Oruh (YouTube) — https://www.youtube.com/watch?v=q6me-KKrEXo February 1, 2026

Photo Credit: Facebook

Inline1

Jaren Jackson Jr. Departs Memphis in Massive Eight-Player Jazz Overhaul

By

Bob Echols’s

-

February 4, 2026

0

In a report by NBC Sports, the Memphis Grizzlies have officially signaled the end of an era by trading former Defensive Player of the Year Jaren Jackson Jr. to the Utah Jazz. The complex eight-player deal sees Memphis receiving a haul of players including Kyle Anderson and Taylor Hendricks, along with three coveted first-round picks, as the franchise begins a total “teardown” and rebuild.

The trade has sent shockwaves through the league, as Jackson was long considered the defensive anchor of the Grizzlies’ “Grit and Grind” 2.0 era. For the Utah Jazz, the move represents a bold step away from their patient rebuilding phase, locking in “JJJ” for at least three seasons at a staggering average of over $50 million per year.

Kurt Helin of NBC Sports analyzed the move, writing, “The Memphis Grizzlies realized that the Ja Morant, Jaren Jackson Jr. era had run its course.” Supporting this, The Source noted the seismic shift in team dynamics, stating, “Memphis receives a dozen first-round picks in total… signaling a total rebuild.”

Echotitbits take:

Memphis is pulling the plug on a project that many thought was one piece away from a title. By trading Jackson, they are essentially betting their entire future on those dozen draft picks. For the Jazz, this is a “win-now” statement that puts immense pressure on Jackson to stay healthy and maintain his elite defensive production.

Source: NBC Sports — https://www.nbcsports.com/nba/news/winners-losers-from-jaren-jackson-jr-trade-to-utah February 3, 2026

Photo Credit: Bleacher Report

Inline1

James Harden Shakes NBA With “Business Decision” Trade to Cleveland Cavaliers

By

Bob Echols’s

-

February 4, 2026

0

According to Fox Sports, the NBA landscape has been rocked by a blockbuster trade sending 10-time All-Star James Harden to the Cleveland Cavaliers. In a deal finalized just 48 hours before the deadline, the Los Angeles Clippers exchanged Harden for Darius Garland and a second-round pick, marking the sixth team change for “The Beard” in his storied career.

Unlike his previous exits, which were often marred by public drama, this move is being characterized by league insiders as a purely strategic “business decision.” At 36, Harden is still performing at an elite level, averaging over 25 points per game, and the move to Cleveland is seen as his best remaining chance to secure an elusive NBA championship ring.

ESPN insider Shams Charania broke the details, stating, “The two clubs worked through the finer details… elevating Cleveland once more as a genuine title contender.” Furthermore, Ramona Shelburne posted on X, “This is a business decision for all involved. Garland is 10 years younger and gives the Clippers more of a future.”

Echotitbits take:

This trade is a massive gamble for Cleveland but a necessary one if they want to win now. Harden brings veteran scoring that the Cavs desperately need, but the loss of a young talent like Garland could haunt the Clippers’ future. Watch for how Harden’s ball-dominant style meshes with the existing Cleveland core; it will either be a masterstroke or a chemistry disaster.

Source: Fox Sports — https://www.foxsports.com.au/basketball/nba-2026-james-harden-trade-reaction-analysis-cleveland-cavaliers-los-angeles-clippers-darius-garland-latest-trade-deadline-news/news-story/cce2808de9a303ad4b20d4e393b42547 February 4, 2026

Photo Credit: BBC

Inline1

James Brown Seeks Spiritual Deliverance Amid “Famous But Haunted” Claims

By

Bob Echols’s

-

February 4, 2026

0

A TikTok video by @jamesbrown_idn shows the popular and controversial Nigerian crossdresser, James Brown, attending a church service for spiritual deliverance. During the session, the “Princess of Africa” claimed that his battles are not physical but spiritual, suggesting that his fame has brought about supernatural challenges that require divine intervention.

The video, which has since gone viral, shows James Brown in a surprisingly somber state, speaking to a congregation about the weight of his public persona. This move has sparked a massive debate online, with some praising his vulnerability while others, including certain religious groups, have condemned his choice of attire for the sacred setting.

Legit.ng reported on the backlash, stating, “Celestial pastors and members strongly condemn video of James Brown in female outfit in church.” Conversely, Naija Gist noted the emotional weight of the moment, quoting James: “Being famous is not physical; I am fighting spiritual battles.”

Echotitbits take:

This is a classic James Brown move—blurring the lines between viral performance art and genuine personal struggle. Whether this is a sincere spiritual awakening or a clever “clout-chasing” tactic remains to be seen. However, it highlights the ongoing tension between Nigeria’s ultra-conservative religious institutions and the rising visibility of non-conforming public figures.

Source: Gistreel — https://www.gistreel.com/james-brown-goes-for-deliverance-in-church-as-he-decides-to-repent-from-past-life/ February 4, 2026

Photo Credit: Gistreel

Inline1

Davido Faces Backlash Over “Grammy Exit” Following Disappointing Night in LA

By

Bob Echols’s

-

February 4, 2026

0

According to Legit.ng, Nigerian Afrobeats titan Davido has reportedly initiated a major move to distance himself from the Grammy Awards after failing to secure a win at the 2026 ceremony. Despite multiple nominations for his hit “With You,” the singer’s camp is allegedly “done” with the Recording Academy, signaling a potential shift in how the DMW boss will approach international accolades moving forward.

The move comes as fans and critics alike digest the results from the Crypto.com Arena, where South African star Tyla once again edged out Nigerian heavyweights in the Best African Music Performance category. While some fans are rallying behind Davido’s perceived snub, others are calling for a more diplomatic approach to international award cycles.

Naija News reported on the singer’s mood, stating, “Davido breaks silence after Grammy loss, sparking mixed reactions among the 30BG fan base.” Meanwhile, The Nation highlighted the frustration of the audience, noting that “He was robbed; fans react to Davido’s Grammy loss” as the conversation continues to dominate Twitter (X) and Instagram.

Echotitbits take:

This development marks a significant “temper tantrum” or a strategic “pivot” depending on who you ask. If Davido truly halts his pursuit of the Grammys, it could encourage other Afrobeats stars to prioritize home-grown awards over Western validation. However, at this level of stardom, completely ignoring the Academy is easier said than done, so watch for a quiet return to the submission list by next year.

Source: The Nation — https://thenationonlineng.net/he-was-robbed-fans-react-to-davidos-grammy-loss/ February 4, 2026

Photo Credit: The Nation

Inline1

Grammys 2026: Tyla Secures Victory as Tinubu Honours Fela Kuti

By

Bob Echols’s

-

February 4, 2026

0

Reporting by Channels TV indicates that South African star Tyla has once again triumphed over Nigerian heavyweights Davido, Burna Boy, and Ayra Starr to win the “Best African Music Performance” category at the 2026 Grammy Awards. Despite the disappointment for Nigerian fans, the night was historic as the legendary Fela Anikulapo Kuti was posthumously honored with a Lifetime Achievement Award.

President Bola Tinubu hailed the late Afrobeat pioneer as the “fearless voice of the people,” noting that the award is a testament to the enduring global impact of Nigerian culture. The President’s message emphasized that Fela’s music continues to inspire generations toward social justice and cultural pride, cementing Nigeria’s place as a global entertainment powerhouse.

Validation of the awards and the President’s reaction came from The Nation and Daily Post. The Nation reports that “the 2026 Grammys saw a massive turnout of the Nigerian contingent,” quoting a music critic who said, “Fela’s recognition is long overdue and validates the roots of the current Afrobeats explosion.” Daily Post adds that the APC National Chairman echoed the President’s sentiments, stating, “Our artists are our greatest ambassadors on the world stage.”

Echotitbits take: While Nigerian artists missed out on the top African performance prize, the Lifetime Achievement Award for Fela Kuti is arguably a bigger win for the nation’s cultural heritage. It shifts the conversation from modern commercial success to the foundational influence of Afrobeat. Expect a surge in Fela-themed events and documentaries throughout the year as this global recognition sinks in.

Source: The Punch – https://punchng.com/fearless-voice-of-the-people-tinubu-salutes-felas-posthumous-grammy-recognition/, February 4, 2026

Photo credit: The Punch

Inline1