Benin Republic Shifts Trade Strategy Toward Nigeria Amid Sahel Instability

By

-

February 3, 2026

In a report published by Premium Times, the CEO of the Benin Republic Investment and Export Promotion Agency (APIEx) has indicated a strategic pivot toward the Nigerian market. With traditional trade routes in the Sahel region disrupted by coups and regional upheaval, Benin is increasingly looking to its eastern neighbor as its primary economic anchor. The move signifies a deepening of bilateral ties and a recognition of Nigeria’s dominance in the West African trade corridor.

The shift is expected to increase the volume of transit goods through the Cotonou-Lagos axis, potentially boosting customs revenue for both nations. Analysts suggest that this forced realignment could lead to a more formalized trade relationship, reducing the reliance on smuggling that has historically characterized the border. Benin’s authorities are reportedly seeking joint infrastructure projects to facilitate smoother cross-border logistics.

The trade shift was also covered by The Punch and ThisDay. The Punch noted that “Benin’s refocus on Nigeria is a survival strategy,” while ThisDay cited a West African trade expert who remarked, “The Sahel crisis is reshaping ECOWAS trade maps in favor of the Lagos-Abidjan corridor.”

Echotitbits take: This is a golden opportunity for Nigeria to exert more economic influence over Benin and finally resolve the perennial border disputes. If Nigeria can improve the efficiency of the Seme border, it could become the undisputed transit hub for the entire sub-region.

Source: The Guardian – https://guardian.ng/politics/foiled-benin-coup-how-nigerias-intervention-secured-key-trade-route-regional-supply-chain/, February 3, 2026

Photo credit: The Guardian

Inline1

Presidency Targets 10 Million Citizens for Nationwide Financial Literacy Drive

By

Bob Echols’s

-

February 3, 2026

0

Reporting by the State House Press Office indicates that Vice President Kashim Shettima has officially launched a massive initiative to train 10 million Nigerians in financial inclusion and digital skills. The program, executed through the Presidential Committee on Economic and Financial Inclusion (PreCEFI), involves a partnership with six major professional bodies, including ICAN and CIBN. The goal is to equip women and youth with the tools needed to navigate the modern digital economy.

The Vice President emphasized that Nigeria can only reap its “demographic dividend” if the population is financially literate and ethically grounded. By signing a Memorandum of Understanding with these professional institutions, the government intends to create certification pathways and mentorship platforms that will bridge the gap between rural populations and formal banking services.

The initiative was further validated by Leadership Newspaper and Tribune Online. Leadership noted that the program is a response to “visible improvements in the economy,” while Tribune Online quoted the CEO of technical partner WAWU Africa, who stated, “We are ready to provide the digital platform to ensure no Nigerian is left behind in this wealth creation journey.”

Echotitbits take: Financial literacy is a pre-requisite for the success of the government’s student loan and MSME credit schemes. If successful, this could significantly reduce the 40% unbanked rate in Nigeria. The challenge, as always, will be reaching the “last mile” in rural areas with poor internet connectivity.

Source: Arise – https://www.arise.tv/fg-signs-mou-with-ican-cibn-others-to-train-10m-nigerians-on-financial-literacy/, February 3, 2026

Photo credit: Arise

Inline1

Federal Authorities Arraign Nine Suspects Over Deadly Benue State Massacre

By

Bob Echols’s

-

February 3, 2026

0

Figures cited by Daily Post reveal that nine individuals allegedly involved in a horrific attack that claimed over 150 lives in Benue State have finally faced a federal court in Abuja. The defendants were slammed with 57 counts of terrorism-related charges following the June 2025 massacre in the Yelewata community. The suspects pleaded not guilty to the charges, which carry potential sentences of life imprisonment or the death penalty.

The trial comes amid heightened pressure on the Federal Government to curb the persistent farmer-herder clashes and banditry that have plagued north-central Nigeria. Legal representatives for the state argued that the prosecution has gathered substantial evidence to link the suspects to the planning and execution of the coordinated assault. The presiding judge has ordered the defendants to be remanded in a maximum-security facility pending the commencement of the trial.

Additional coverage from Channels TV and The Guardian confirms the start of the judicial proceedings. Channels TV reported that “the arraignment signals a renewed commitment to justice for victims of rural violence,” while The Guardian quoted a community leader from Yelewata who said, “We are watching this trial closely to see if the government truly values our lives.”

Echotitbits take: High-profile arraignments in Nigeria often suffer from “trial fatigue” and endless adjournments. To restore faith in the security apparatus, the government needs a swift and transparent conviction. This case is a litmus test for the effectiveness of the new counter-terrorism legal framework.

Source: LMTonline – https://www.lmtonline.com/news/world/article/nine-arraigned-for-deadly-attack-in-nigeria-that-21329076.php, February 3, 2026

Photo credit: LMTonline

Inline1

First Bank Parent Company Slashes Bad Loans to Secure Long-Term Stability

By

Bob Echols’s

-

February 3, 2026

0

In an update published by BusinessDay, FBN Holdings Plc, the parent entity of First Bank of Nigeria, witnessed its shares undergo the sharpest single-day decline in three months following a strategic decision to “clean” its books. The financial giant reported a significant impairment loss of N748 billion for the 2025 financial year, a move designed to write off legacy non-performing loans and align with stricter regulatory demands from the Central Bank of Nigeria.

Despite the immediate hit to profitability, the bank’s leadership maintains that the gesture is a necessary “one-time pain” for long-term health. The chairman of the group noted that the underlying business remains robust, generating trillions in interest income, but admitted that the transparency regarding old bad debts was overdue. The market reaction has created a rare entry point for investors looking to buy into the country’s oldest commercial lender at a discount.

The development was also extensively tracked by The ICIR and Premium Times. The ICIR highlighted the scale of the write-off, quoting an industry analyst who remarked, “You do not impair N748 billion in one year unless you are closing a messy chapter of the past.” Premium Times added that the move follows intense pressure from the apex bank, reporting that “the CBN is pushing banks to stop kicking problems down the road.”

Echotitbits take: This “big bath” accounting strategy is a bold move by Femi Otedola’s leadership to de-risk the bank once and for all. While it hurts the current share price, it makes First Bank a much leaner and more transparent institution for future foreign investment. Expect other Tier-1 banks to follow suit if they have lingering legacy debts.

Source: Vanguard – https://www.vanguardngr.com/2026/01/why-firstbank-wrote-off-n748bn-bad-loan-otedola/#google_vignette, February 3, 2026

Photo credit: Vanguard

Inline1

Nigeria Projected to Reach 5.5% GDP Growth as Economic Reforms Gain Traction

By

Bob Echols’s

-

February 3, 2026

0

According to reporting by The Nation Newspaper, the Nigerian Economic Summit Group (NESG) has released a bullish forecast for the 2026 fiscal year, predicting a 5.5% expansion in the nation’s Gross Domestic Product. The group attributes this optimistic outlook to the maturation of bold policy shifts, including the stabilization of the foreign exchange market and a steady decline in headline inflation. This projection suggests that the “crisis conditions” which characterized the previous two years are finally giving way to a more sustainable growth trajectory.

The NESG’s assessment emphasizes that while the macroeconomic indicators are turning green, the government must prioritize the institutionalization of these reforms to ensure they translate into tangible improvements in the welfare of citizens. The report highlights that the private sector is regaining confidence, which is expected to drive investment in critical sectors like manufacturing and agriculture throughout the year.

Validation of this positive trend is found in reports from Vanguard News and S&P Global. Vanguard notes that PwC experts also see a brightening outlook for 2026, though they caution that “the gains remain fragile and highly exposed to oil market volatility.” Meanwhile, S&P Global’s latest analysis supports the growth narrative, stating, “We forecast Nigeria’s real GDP growth will average 3.7% to 5.5% over 2025-2026, supported by both the non-oil and oil sectors.”

Echotitbits take: The 5.5% growth target is ambitious but achievable if the current exchange rate stability holds. However, the disconnect between GDP growth and the cost of living remains a significant political risk for the administration. Watch for the Q1 2026 productivity data to see if the manufacturing sector actually picks up the slack as predicted.

Source: The Punch – https://punchng.com/impi-projects-nigerias-gdp-to-hit-5-5/ , February 3, 2026

Photo credit: The Punch

Inline1

Kano Court Orders Viral TikTok Couple to Marry Following Controversial Video

By

Bob Echols’s

-

February 2, 2026

0

According to Philstar Life, a Sharia magistrate court in Kano State, Nigeria, has issued a unique ruling ordering two TikTok celebrities to marry. The decision follows the viral spread of a video showing the pair, Idris Mai Wushirya and Basira Yar Guda, engaging in “passionate kissing” and cuddling, which officials deemed a violation of local moral codes.

Kano operates under Sharia law alongside common law, and the video had drawn significant criticism from conservative residents who viewed the public display of affection as inappropriate. Rather than a standard punitive measure, the court opted for a mandatory union to “rectify” the situation in accordance with cultural and religious expectations.

The couple, known for their humorous skits and lifestyle content on TikTok, have a large following among Northern Nigerian youth. The ruling has sparked a massive debate on social media regarding the intersection of digital expression, celebrity culture, and traditional legal systems in Nigeria.

While some fans find the ruling humorous, civil rights advocates have raised concerns about the forced nature of the marriage. The couple has yet to release an official statement regarding their plans to comply with the court’s directive or if they intend to appeal the decision.

* AFP (via Official Statement): “A court in Kano… has ordered two TikTok celebrities to get married after they posted videos of themselves passionately kissing.”

* Kano State Officials (via Local Media): “The videos circulated on TikTok showing them cuddling and kissing, drawing criticism among some Kano residents.”

Echotitbits take:

This is a classic example of the “culture clash” between the borderless world of TikTok and the localized realities of Sharia law. It’s a high-stakes viral moment that could either turn into a bizarre “reality TV” style wedding or a serious legal battle over individual rights. Credibility of the order is high given the strict enforcement history in Kano, so keep an eye on their handles for a “Save the Date” post.

Source: Philstar Life — https://philstarlife.com/news-and-views/547472-nigerian-court-orders-tiktokers-to-marry-after-viral-smooches# February 2, 2026

Photo Credit: Philstar Life

Inline1

Anthony Edwards Set to Dominate Injury-Ravaged Grizzlies in NBA Monday Action

By

Bob Echols’s

-

February 2, 2026

0

In a post shared by Covers.com, NBA superstar Anthony Edwards is predicted to have a massive night as the Minnesota Timberwolves take on a depleted Memphis Grizzlies squad. “Ant-Man” has been on a tear, shooting nearly 45% from three-point range over the last month, and analysts expect him to exploit a Grizzlies defense that has struggled significantly due to a “horror show” injury report.

The Grizzlies have lost 13 of their last 16 games and currently allow the fifth-most three-pointers in the league. Despite a subpar shooting night in their previous encounter where he went 1-for-6 from deep, Edwards still managed to drop 33 points. Tonight’s rematch is seen as a prime opportunity for him to hit his stride from downtown, with betting markets heavily favoring his “Over 3.5 threes” prop.

In other NBA news, the Cleveland Cavaliers have completed a three-team trade involving the Kings and Bulls to acquire former Alabama guard Keon Ellis and veteran Dennis Schroder. This move aims to shore up Cleveland’s backcourt depth as they push for playoff positioning. The Bulls received Dario Saric and draft picks in the exchange.

The NBA landscape is currently buzzing with trade rumors and player prop excitement as the mid-season grind intensifies. Edwards’ performance tonight will be a key storyline for fans and bettors alike, as he continues to make his case for All-NBA First Team honors.

* Andrew Caley (Covers Senior Analyst): “Anthony Edwards is going to light up the injury-ravaged Grizzlies from downtown, where he’s been shooting nearly 45% for the last month.”

* Tide 100.9 (via News Release): “Cleveland acquired former Alabama guard Keon Ellis through a three-team, four-player trade between the Cavaliers, Kings, and Bulls on Sunday.”

Echotitbits take:

Anthony Edwards is quickly becoming the “face of the league” for the younger generation. His ability to dominate even on “off” shooting nights is a scary prospect for a Grizzlies team missing key defensive anchors. Watch for a viral highlight-reel dunk or a 40-point explosion tonight; “Ant” thrives in these “get-right” games.

Source: Covers.com — https://www.covers.com/nba/player-prop-bets-monday-february-2-2026 February 2, 2026

Photo Credit: Covers.com

Inline1

Ademola Lookman Set for Blockbuster Move to Atletico Madrid on Deadline Day

By

Bob Echols’s

-

February 2, 2026

0

A TikTok video by Sky Sports News (shared via Yahoo Sports) has sent shockwaves through the Nigerian sports community as Super Eagles star Ademola Lookman is reportedly finalizing a move to Atletico Madrid. On this winter transfer deadline day, the Atalanta forward is the subject of intense negotiations, with the Spanish giants closing in on a deal to bolster their attacking options.

The move marks a significant step up for Lookman, whose stock has risen dramatically following his historic hat-trick in the Europa League final and consistent performances in Serie A. Atletico Madrid, having recently sold Conor Gallagher to Tottenham, are looking to Lookman’s explosive pace and clinical finishing to drive their La Liga and European campaigns.

As the 1900 GMT deadline approaches for Europe’s top leagues, Lookman is the most high-profile African player on the move. Reports indicate that Atalanta has already begun looking for replacements, potentially acquiring Giacomo Raspadori to fill the void. The deal is expected to be one of the most expensive involving a Nigerian player in recent years.

Meanwhile, other Premier League clubs are scrambling to finalize deals. Manchester City has already spent big on Marc Guehi and Antoine Semenyo, while Crystal Palace is dealing with a collapsed medical for Jean-Philippe Mateta, which could impact their late-window strategy.

* Steve Douglas (Associated Press): “Atletico Madrid is close to signing Nigeria forward Ademola Lookman from Atalanta.”

* The Guardian (Live Update): “Transfer window shuts in England, France, Germany and Italy at 1900 GMT… Atletico Madrid is close to signing Nigeria forward Ademola Lookman.”

Echotitbits take:

Lookman joining Diego Simeone’s Atletico is a match made in tactical heaven. Simeone loves hard-working, versatile forwards, and Lookman’s recent form suggests he can thrive under the intense pressure of the Metropolitano. This move solidifies him as Nigeria’s most “in-demand” player globally, potentially rivaling Victor Osimhen’s market influence.

Source: Yahoo Sports — https://ca.sports.yahoo.com/news/transfer-deadline-premier-league-clubs-085554738.html February 2, 2026

Photo Credit: Yahoo Sports

Inline1

Kendrick Lamar Dethrones Jay-Z as the Most-Awarded Rapper in Grammy History

By

Bob Echols’s

-

February 2, 2026

0

According to BET News, Kendrick Lamar has officially etched his name into the annals of music history at the 2026 Grammy Awards. By securing four additional trophies during the ceremony, the Compton-born lyricist has surpassed Jay-Z’s long-standing record to become the most-awarded rapper of all time. Lamar now boasts a career total of 27 Grammys, edging past Jay-Z’s 25.

Lamar’s dominant night included wins for Best Rap Album (GNX), Best Rap Song (“TV Off”), and Best Melodic Rap Performance (“Luther”). His acceptance speeches remained characteristically humble, focusing on the endurance of hip-hop culture. “It is hip-hop as usual, man,” Lamar remarked while accepting the Best Rap Album award, emphasizing that the culture will “always be right here.”

The night was also notable for a humorous mishap involving music icon Cher, who mistakenly announced the Record of the Year winner as “Luther Vandross” instead of Kendrick Lamar and SZA for their hit “Luther.” The producers took it in stride, using the moment to pay tribute to the late R&B legend before Lamar took to the stage to claim his record-breaking win.

This achievement marks a significant shift in the hip-hop hierarchy, as Lamar’s “GNX” era continues to dominate both critical charts and commercial airwaves. With his Super Bowl halftime show looming and his new status as the Grammy king, Kendrick Lamar’s influence on the genre has reached an all-time peak.

* PBS News (via AP): “The victory means Lamar broke Jay-Z’s record to become the rapper with the most career Grammys. Jay-Z has 25; Lamar’s total is 27.”

* Sounwave (Producer via Acceptance Speech): “Let’s give a shoutout to the late and great Luther Vandross.”

Echotitbits take:

Kendrick Lamar’s ascension to the top of the Grammy list is the definitive end of the “Old Guard” era in hip-hop. While Jay-Z remains a business titan, Lamar has become the Academy’s gold standard for artistic excellence. This record will likely stand for a long time, as Lamar shows no signs of slowing down his creative output.

Source: BET — https://www.bet.com/article/b3elkh/kendrick-lamar-makes-grammys-history-as-most-awarded-rapper February 2, 2026

Photo Credit: BET

Inline1

Funke Akindele’s ‘Behind The Scenes’ Makes History with N2 Billion Box Office Record

By

Bob Echols’s

-

February 2, 2026

0

In a post shared by TheCable Lifestyle, Nollywood powerhouse Funke Akindele has once again redefined cinematic success as her latest film, Behind The Scenes, officially became the first Nigerian movie to cross the ₦2 billion mark at the box office. The film reached this unprecedented milestone in record time, further cementing Akindele’s status as the undisputed “Queen of the Box Office.”

The movie had already signaled its dominance early on, hitting the ₦500 million mark in just 12 days. Its continued momentum into February 2026 showcases the growing purchasing power of the Nigerian cinema-going audience and the immense appeal of Akindele’s storytelling. The actress and producer expressed her profound gratitude to her fans, whom she affectionately calls “family,” for their unwavering support.

Behind The Scenes has outpaced her previous record-breaking hits like A Tribe Called Judah, suggesting that Nollywood’s commercial ceiling is continuing to rise. The film’s success is being viewed as a “movement” rather than just a theatrical run, with FilmOne distribution confirming that the numbers have “shattered all previous records” in Africa.

This milestone comes at a time when Nollywood is seeking more international showcase opportunities, with two other unnamed Nigerian films recently selected for Hollywood showcases. Akindele’s success provides a blueprint for commercial viability that combines local relatability with high production standards.

* FilmOne Entertainment (via Instagram): “Behind the Scenes has officially BROKEN and SHATTERED records hitting over 2 BILLION at the box office.”

* Funke Akindele (via Instagram): “This is now a movement and we love to see it! I am grateful to God and my fans.”

Echotitbits take:

Funke Akindele isn’t just making movies; she’s building an empire that rival Hollywood’s mid-budget successes. Crossing ₦2 billion is a massive psychological and financial win for Nollywood, likely leading to increased venture capital interest in the industry. Watch for Akindele to potentially announce a global streaming deal or an international franchise expansion next.

Source: TheCable Lifestyle — https://lifestyle.thecable.ng/behind-the-scenes-is-first-nollywood-film-to-cross-n2b-mark/ February 2, 2026

Photo Credit: TheCable Lifestyle

Inline1