Funke Akindele’s latest cinema run crosses ₦1.7bn as box-office streak continues

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January 6, 2026

Figures cited by Pulse Nigeria indicate that Funke Akindele’s current theatrical release has pushed past the ₦1.7 billion mark in domestic box-office receipts, reinforcing her status as Nollywood’s most bankable commercial director-star right now.

The update credits momentum from sustained cinema attendance, strong word-of-mouth, and repeat viewings—signals that the title is behaving like a long runner, not a weekend spike.

Industry chatter is already shifting to what the final gross could look like if screens hold through the next programming cycle, especially with competing releases lining up.

Two additional public references echoed the same development:

FilmOne (Instagram): “₦1,767,305,878 and counting.” (link)

Nollywood Times (News outlet): “₦1.77 billion” (link)

This is bigger than one film—it’s a market signal. When a Nollywood title sustains receipts at this level, exhibitors allocate more screens, brands chase tie-ins, and investors take local theatrical more seriously. Watch for distributor updates, screen-count changes, and whether the run triggers copycat big-budget release timing.

Source: Punch — 06 January 2026 — https://punchng.com/funke-akindele-new-movie-crosses-%E2%82%A61bn-sets-box-office-records/

Source: Punch 2026-01-06
Photo Credit: Punch

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Peter Obi’s Move to ADC Sparks Membership Surge and Political Realignment

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B.O.B Echoload

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January 6, 2026

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According to Legit NG, the formal defection of former presidential candidate Peter Obi to the African Democratic Congress (ADC) has triggered a massive wave of new memberships and a reshuffling of political alliances ahead of the 2027 cycle. The ADC National Publicity Secretary, Bolaji Abdullahi, confirmed that the party has seen an influx of lawmakers and grassroots supporters since the announcement.

The ‘Obi factor’ is expected to significantly alter the landscape of the opposition, as the ADC positions itself as a credible alternative to the PDP and APC. Political analysts suggest that this move could lead to a broader coalition of ‘third-force’ parties seeking to challenge the current administration’s grip on power.

The story was also covered by Premium Times and The Punch. Premium Times reported on the ‘ADC ticket battle’ as other prominent figures begin to eye the party’s platform, while The Punch noted that ‘Obi’s formal defection boosted the party’s membership,’ quoting senior party officials on the strategic importance of the move.

Echotitbits take: Peter Obi remains the most disruptive force in Nigerian politics. His move to the ADC suggests he is building a new structure early to avoid the last-minute logistics issues that hampered his 2023 run. The influx of lawmakers indicates that ‘Obidients’ are now focused on building legislative power alongside the presidency.
Source: ThePunch – https://punchng.com/adc-membership-swells-after-obis-defection/ January 6 2026

Photo Credit: ThePunch

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Federal Government Unveils Enhanced Measures to Combat Exam Fraud

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B.O.B Echoload

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January 6, 2026

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In an update published by The Nation, the Federal Government has introduced a suite of new measures designed to curb examination malpractices across the country. These include the rollout of unique identification numbers for all candidates sitting for WAEC and NECO examinations, as well as the integration of advanced biometric verification systems at all testing centers.

The initiative aims to protect the integrity of the Nigerian education system, which has been under scrutiny due to the rise of ‘miracle centers’ and digital cheating methods. Education officials emphasized that these reforms are part of a broader digital transformation strategy intended to modernize the academic assessment process.

The development was also validated by Daily Post and Tribune Online. Daily Post reported that ‘FG to roll out unique ID for WAEC, NECO candidates,’ while Tribune Online noted that ‘JAMB maintains no fee hike for 2026 UTME’ as part of the government’s effort to keep education accessible while tightening security.

Echotitbits take: Curbing exam fraud is essential for the international credibility of Nigerian degrees. The unique ID system is a smart move toward a centralized education database. However, the real test will be whether the government can effectively monitor the rural centers where the most egregious malpractices usually occur.
Source: TheWhistler – https://thewhistler.ng/fg-to-end-cheating-in-waec-neco-exams/ January 6 2026

Photo Credit: TheWhistler

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Security Forces Launch Manhunt After Deadly Market Attack in Niger State

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B.O.B Echoload

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January 6, 2026

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According to ABC News and AP (cited in major Nigerian feeds), gunmen launched a brutal raid on a village in Niger State, killing at least 40 people and abducting scores of others, including children. The attackers targeted a local market and set numerous houses ablaze, leaving the community in ruins. This incident is part of a resurgence of violence that has plagued the North-Central region in the early days of 2026.

Survivors reported that the attackers opened fire indiscriminately, catching traders and shoppers off guard. While the police claim to have deployed security forces to the area to rescue the kidnapped victims, local residents have expressed frustration over the perceived delay in the arrival of reinforcements during the hours-long assault.

The attack was also corroborated by The Punch and Premium Times. The Punch reported that ‘terrorists kill over 40 in Niger market raid,’ while Premium Times noted that ‘death toll rises to 50 in Niger state market attack’ as more bodies were recovered from the surrounding bushes.

Echotitbits take: This attack exposes the fragility of the security gains claimed during the 2025 holidays. Market raids are particularly devastating because they destroy the local economy and food supply chains. The government’s response in the coming days will determine if this remains an isolated incident or the start of a new wave of insurgency in the North-Central.
AfricaNews – https://www.africanews.com/2026/01/05/nigeria-death-toll-rises-to-50-in-niger-state-market-attack/ January 6 2026

Photo Credit: AfricaNews

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Nigerian Billionaires Outpace South African Rivals in Wealth Growth

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B.O.B Echoload

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January 6, 2026

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Figures cited by BusinessDay show that Nigeria’s top billionaires have officially overtaken their South African counterparts in combined net worth, reaching a total of $43 billion. Abdul Samad Rabiu, chairman of BUA Group, led the growth in 2025, significantly narrowing the gap with long-time leader Aliko Dangote while simultaneously moving ahead of South Africa’s wealthiest industrial titans.

The report attributes this shift to the successful expansion of Nigerian conglomerates into the regional African market and the stabilization of the Naira, which has helped maintain the dollar-denominated value of their assets. This ‘wealth war’ between Africa’s two largest economies highlights the growing influence of Nigerian industrialization on the continent.

The milestone was also mentioned by The Guardian and Vanguard. The Guardian noted that ‘Nigerian billionaires overtake South African peers,’ while Vanguard highlighted that ‘Rabiu leads wealth growth in 2025,’ solidifying his position as one of the most influential figures in African business.

Echotitbits take: While these numbers are impressive, they highlight the extreme wealth concentration in Nigeria. The growth of these billionaires is largely tied to infrastructure and commodities—sectors that rely heavily on government policy. For the average Nigerian, the real question is when this industrial growth will lead to a significant reduction in the cost of basic goods like cement and sugar.
Source: BusinessDay – https://businessday.ng/news/article/meet-4-nigerian-billionaires-worth-27-8bn-combined-forbes/ January 6 2026

Photo Credit: BusinessDay

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Tragic Loss as Senator Godiya Akwashiki Passes On at 52

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B.O.B Echoload

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January 6, 2026

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In an update published by The Nation, the Nigerian political community has been thrown into mourning following the death of Senator Godiya Akwashiki, who represented Nasarawa North in the National Assembly. Chieftains of various political parties, including the Social Democratic Party (SDP), received the remains of the 52-year-old lawmaker at the Nnamdi Azikiwe International Airport in Abuja, describing his demise as a ‘devastating loss to the nation.’

Senator Akwashiki was widely respected for his contributions to legislative governance and his commitment to the development of Nasarawa State. Colleagues and family members described him as a bridge-builder who maintained strong relationships across party lines, making his sudden departure a significant blow to the opposition and the Senate at large.

The news was also reported by Daily Post and Leadership. Daily Post noted that the ‘SDP presidential candidate Prince Adewole Adebayo pays tribute’ to the late senator, while Leadership cited the Speaker of the Nasarawa State House of Assembly, who stated that ‘Akwashiki’s demise is an irreparable loss to the state and the nation.’

Echotitbits take: The death of a sitting senator often triggers a high-stakes by-election. Beyond the personal tragedy, Akwashiki’s passing will likely lead to a political scramble in Nasarawa North. Watch for how the SDP and the ruling APC position themselves for the upcoming contest to fill the vacant seat.
Source: Vanguard – https://www.vanguardngr.com/2026/01/senator-godiya-akwashiki-dies-in-indian-hospital-at-52/ January 6 2026

Photo Credit: Vanguard

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Strategic Appointments Target Stability in Nigeria’s Energy Sector

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B.O.B Echoload

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January 6, 2026

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According to The Punch, President Bola Ahmed Tinubu has nominated 21 individuals to the boards of the nation’s primary energy regulators, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Leading the nominations is Senator Magnus Abe, who has been tapped as the NUPRC chairman, a move intended to bring political experience and technical oversight to the oil and gas sector.

The President’s request for Senate confirmation emphasizes the need for a professional and transparent regulatory environment. By appointing seasoned figures like Adegbite Ebiowei Adeniji to lead the NMDPRA, the administration hopes to accelerate the implementation of the Petroleum Industry Act (PIA) and attract significant foreign direct investment to the energy sector.

Validation for these appointments was found in Leadership and ThisDay. Leadership confirmed that ‘Tinubu names Magnus Abe, 20 others to NUPRC, NMDPRA boards,’ while ThisDay highlighted that the President ‘seeks Senate’s swift confirmation’ to ensure there is no vacuum in the oversight of Nigeria’s most critical revenue-generating sector.

Echotitbits take: These appointments are a clear signal that the government wants to move beyond the transition phase of the PIA. Magnus Abe’s appointment is particularly strategic, combining his previous experience on the NNPC board with his political clout. The immediate priority for these boards will be resolving the lingering bottlenecks in local refining and increasing crude output.
Source: Guardian – https://guardian.ng/energy/macroeconomic-stability-will-increase-energy-sector-investment/ January 6 2026

Photo Credit: Guardian

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Fresh Turmoil in Rivers as Wike Challenges APC National Leadership

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B.O.B Echoload

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January 6, 2026

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Reporting by the Nigerian Observer indicates that the Minister of the Federal Capital Territory, Nyesom Wike, has issued a stern warning to the APC National Secretary, Senator Ajibola Basiru, to stay clear of the political affairs of Rivers State. Speaking during a visit to Oyigbo Local Government Area, Wike described Rivers as a ‘no-go area’ for external meddlers, signaling a deepening rift within the political alliances supporting the current administration.

The friction intensified after the APC secretariat cautioned against the ‘disrespect’ of Governor Siminalayi Fubara by some party members. Wike countered this by claiming that those now intervening were absent when the struggle to support the Presidency was ‘hot,’ and accused them of only showing interest now that ‘food is ready’ in the form of state resources.

The political spat was further validated by Premium Times and Channels TV. Premium Times noted the ‘APC national secretary calls for Wike’s resignation as minister,’ while Channels TV reported that ‘Wike accuses Rivers political leaders of misleading Fubara,’ emphasizing that existing political agreements must be honored to maintain order in the state.

Echotitbits take: The Wike-Fubara feud has evolved from a local state crisis into a national party headache. Wike’s public rebuke of his own party’s national secretary shows he is unwilling to cede his role as the ultimate power broker in Rivers. Watch for how the Presidency manages this ‘civil war’ to prevent it from affecting the stability of the ruling coalition.
Source: Guardian – https://guardian.ng/news/apc-draws-battle-line-with-wike-over-rivers-political-control/ January 6 2026

Photo Credit: Guardian

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Nigerian Capital Market Hits Historic ₦100 Trillion Milestone

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B.O.B Echoload

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January 6, 2026

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Figures cited by Vanguard show that the Nigerian Exchange Limited (NGX) has crossed the ₦100 trillion market capitalization threshold for the first time in history. This unprecedented surge occurred during the opening sessions of the first week of 2026, driven by aggressive buying interest in blue-chip stocks. Analysts attribute this ‘January effect’ to renewed investor confidence in the federal government’s long-term economic stability measures.

The rally reflects a significant shift in market sentiment as both domestic and institutional investors pivot toward high-yielding equity assets. Experts noted that the milestone is not merely a symbolic victory but a reflection of the deepening of the Nigerian financial sector, which has seen increased participation from local pension fund administrators and retail investors seeking a hedge against previous inflationary pressures.

The development was also highlighted by The Nation and BusinessDay. The Nation reported that the ‘stock market capitalization hits ₦101 trillion,’ marking a rapid climb in valuation. Similarly, BusinessDay observed that ‘Nigeria crosses ₦100trn market cap on January effect,’ noting that the surge positions the NGX as a dominant force in sub-Saharan African capital markets.

Echotitbits take: Hitting the ₦100 trillion mark is a psychological breakthrough for the Nigerian economy. It suggests that despite the hardships of 2025, the private sector is betting on a 2026 recovery. However, the concentration of wealth in a few blue-chip stocks means the government must work harder to ensure this liquidity trickles down to small and medium enterprises (SMEs).
Guardian – https://guardian.ng/news/apc-draws-battle-line-with-wike-over-rivers-political-control/ January 6 2026

Photo Credit: Guardian

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Federal High Court Denies Bail to Bauchi Finance Commissioner in Terror Probe

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B.O.B Echoload

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January 6, 2026

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According to The Guardian, Justice Emeka Nwite of the Federal High Court in Abuja has refused bail to Yakubu Adamu, the Bauchi State Commissioner for Finance, and three others facing charges of terrorism financing and money laundering. The court’s decision follows an arraignment on a 10-count charge brought by the Economic and Financial Crimes Commission (EFCC). The EFCC has dismissed claims by Governor Bala Mohammed that the trial is a political witch-hunt. Wilson Uwujaren, the commission’s Director of Public Affairs, stated that the agency operates independently and is not acting on political instructions, despite the governor’s allegations that he is being targeted for refusing to defect to the ruling party. The case was also covered by Premium Times and Daily Post. Premium Times detailed that the ‘defendants were arraigned on Wednesday, December 31, 2025,’ while Daily Post reported that the court has ‘adjourned the case till January 6’ for further hearing on the substantive matter.

Echotitbits take: This case is a high-stakes legal battle that tests the independence of the EFCC. If the prosecution proves terrorism financing, it could have massive political ramifications for the Bauchi state government. Watch for the evidence presented in the next hearing to see if the ‘political harassment’ narrative holds weight.

Source: ThePunch – https://punchng.com/terror-financing-court-denies-bauchi-commissioner-bail-cites-national-security/ January 6 2026

Photo Credit: ThePunch

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