Abdullah Ahmed

The Local Currency Bond Shift: Can the Capital Market Rescue Real-Sector Debt?

CBN Bars Major Loan Defaulters from Banking Services

The Central Bank of Nigeria (CBN) has banned large-scale loan defaulters from accessing new credit and essential banking services. In a directive issued on 12 March 2026, the regulator ordered all financial institutions to immediately freeze the accounts of “large-ticket obligors” with non-performing loans. The move aims to instill credit discipline and protect the banking…

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Regulator Issues Fresh Petrol Permits As Stocks Decline

Daily Petrol Use Drops to 56.9m Litres as Supply Tightens

Nigeria’s daily petrol consumption fell to 56.9 million litres in February, down from 60.2 million litres in January. New data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reveals a cooling of demand alongside a sharp contraction in supply. Total domestic petrol supply plummeted to 39.6 million litres per day, a significant drop…

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Nigerian Air Force Strike Kills 56 at Border Market

Nigerian Troops Repel Coordinated ISWAP Offensive in Northeast

Nigerian troops have defeated a series of simultaneous terrorist assaults across Borno and Yobe states. The Islamic State West Africa Province (ISWAP) launched the coordinated strikes overnight between 8 and 9 March 2026. Targets included military positions in Delwa, Goniri, Kukawa, Mainok, and a forward base deep within the Sambisa Forest. While the army maintained…

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US Embassy Abuja Retains Diplomatic Visa Processing

US Embassy Warns of Terrorist Threats to Schools and Facilities

The United States Embassy in Nigeria has issued a high-level security alert regarding potential terrorist attacks on its diplomatic missions and affiliated schools. This warning follows the dramatic escalation of the Israel-Iran War, which entered its eleventh day on March 10, 2026. American officials have advised their citizens in Abuja and Lagos to adopt extreme…

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