Foreign investors have sold off Nigerian stocks worth N576 billion in the first six months of 2025, signaling a significant decline in confidence in the Nigerian capital market. This massive sell-off is attributed to economic uncertainties, currency fluctuations, and policy inconsistencies. Market analysts warn that this trend could further weaken the Nigerian Stock Exchange if urgent measures are not taken to restore investor confidence through stable economic policies and improved security.
The ongoing conflict in Sudan has deepened the humanitarian crisis, with over 10 million people displaced as of August 6, 2025, according to the United Nations. Fierce fighting between rival factions has led to widespread destruction of infrastructure, with 70% of hospitals in conflict zones non-operational. The UN has appealed for $2.7 billion in aid to address food insecurity affecting 25 million Sudanese. International mediators are pushing for a ceasefire, but progress remains slow. The crisis has regional implications, with refugee flows impacting neighboring countries and drawing attention from global powers.
A local advocacy center has called for community-driven initiatives to address the rising cases of gender-based violence (GBV) in Nigeria. The center emphasized the importance of collective action involving traditional leaders, religious figures, and local organizations to create awareness and provide support for victims. Statistics shared by the center indicate that GBV, including domestic abuse and sexual violence, remains a pervasive issue across the country, often underreported due to stigma and lack of access to justice. The initiative aims to foster safe spaces for dialogue and intervention, with a focus on educating communities about the rights of women and children. Partnerships with government agencies are also being sought to strengthen legal frameworks.
The Federal Government of Nigeria is pursuing a 'Nigeria First' policy aimed at promoting large-scale commercialization of local products and services to boost economic growth. The policy focuses on prioritizing Nigerian-made goods in public procurement and encouraging private sector investment in local industries. Government officials stated that this initiative could create millions of jobs and reduce dependency on imports. However, critics argue that effective implementation and tackling corruption will be key to its success. Details on specific sectors targeted for commercialization are expected in upcoming announcements.
The Federal Government of Nigeria has issued a nationwide alert warning of potential flooding across 19 states over the next five days. The alert, aimed at preventing loss of life and property, urges residents in affected areas to take precautionary measures, including relocating to higher ground if necessary. The government is coordinating with emergency response teams to mitigate the impact. Specific states mentioned in the warning were not detailed in the initial post, but further updates are expected. This comes amid seasonal heavy rainfall patterns that have historically caused significant flooding in parts of Nigeria.
The maintenance and operation of presidential jets have cost the Nigerian government a staggering N26.38 billion over the past 18 months under President Bola Ahmed Tinubu's administration. This significant expenditure has raised concerns among citizens and financial analysts regarding the government's fiscal responsibility amid economic challenges. The funds cover fuel, maintenance, and other operational costs for the presidential fleet. Public reactions on social media highlight growing frustration over perceived lavish spending while many Nigerians face economic hardship. The report calls for transparency in how these funds are allocated and spent.
Global stock markets experienced significant declines on Monday, driven by fears of a potential recession in major economies. In the US, the Dow Jones Industrial Average fell by 2.6%, while European and Asian indices also recorded sharp losses. Analysts point to weak economic data, including a slowdown in manufacturing and rising unemployment, as key triggers. Economist Sarah Lin commented, 'Investors are increasingly risk-averse as indicators suggest a global slowdown.' Central banks, including the US Federal Reserve, are under pressure to intervene with rate cuts.
As the People’s Democratic Party (PDP) prepares for its national convention ahead of the 2027 elections, the race for the party’s chairmanship has intensified. Prominent contenders include Professor Jerry Gana, Alhaji Abubakar Baraje, and Senator Ahmed Makarfi. Party insiders reveal that each candidate is mobilizing support across the six geopolitical zones. A PDP stalwart in Abuja noted, 'Gana brings experience, Baraje offers grassroots appeal, while Makarfi has a track record of stability during crises.' The outcome of this race is expected to significantly influence the PDP’s strategy and cohesion as it seeks to reclaim power in 2027.
US Vice President Kamala Harris has selected Minnesota Governor Tim Walz as her running mate for the upcoming presidential election, according to sources familiar with the decision. Walz, known for his progressive policies and strong appeal in the Midwest, is expected to bolster Harris’s campaign against Republican contenders. Harris stated during a rally, 'Tim brings a wealth of experience and a shared vision for a better America.' The announcement has shifted dynamics in battleground states, with analysts predicting a tight race ahead of the November vote.
A brewing conflict between state governments and electricity distribution companies (Discos) over tariff increments has led to power cuts in several states. States like Ekiti and Ondo have resisted the new tariff structure proposed by Discos, arguing that it places an undue burden on residents. In response, some Discos have reduced power supply to these states as a form of protest. A resident of Ado-Ekiti lamented, 'We now have less than 5 hours of electricity daily because of this disagreement.' The Nigerian Electricity Regulatory Commission (NERC) has called for dialogue to resolve the impasse, warning that prolonged disruptions could worsen the nation’s energy crisis.