francis adeniyi

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[francis adeniyi @iam_klassick]

@cbinewstv Interesting times lies ahead the polity

[CBI News @cbinewstv]

Human rights activist Omoyele Sowore has announced plans to lead a mass protest against the Minister of the Federal Capital Territory, Nyesom Wike, over the controversial allocation of Jabi Lake land in Abuja.

Sowore said the planned demonstration will also draw attention to broader concerns around governance, public asset management, and accountability within the Federal Capital Territory administration.

The protest is part of a wider civic push to challenge what he described as misuse of public resources and lack of transparency in key government decisions.

#CBINewsTV #OmoyeleSowore #NyesomWike #Nigeria #Politics #JabiLake #News #Protest

[CBI News @cbinewstv]

Lawmaker James Faleke has picked up APC nomination forms for President Bola Ahmed Tinubu. Party officials confirmed the ₦100 million payment for the forms in Abuja ahead of the 2027 presidential election.

He also collected governorship forms for Lagos Deputy Governor Kadri Hamzat. The move signals early mobilisation within the APC ahead of the 2027 polls.

#CBINewsTV #Tinubu #APC #Lagos #Politics

[CBI News @cbinewstv]

Nigerians Weigh In on Middle East Crisis: Risks and Opportunities

On the street with CBI News Reporter Femi Fabunmi, people reacted to the rising tensions in the Middle East, sharing mixed views on how the conflict could impact Nigeria. Some, like civil servant Chukwudi Arthur and tech expert Samuel Olaosebikan, see opportunities in rising oil prices and potential trade benefits, while others, including Bright BBlack and Adesewa Rachael, warn of rising fuel costs and social divisions that could affect the nation’s stability.

Many agree that Nigeria must tread carefully—avoiding direct involvement in the conflict and using any economic gains to strengthen the country. Across the board, voices call for unity at home and prudent management of resources to weather potential global spillovers.

#CBINewsTV #NigeriaEconomy #MiddleEastCrisis #OilPrices #SocialUnity

[francis adeniyi @iam_klassick]

@cbinewstv Very apt💯

[CBI News @cbinewstv]

How the Middle East Crisis Impacts Nigeria's Shipping Industry

The ongoing Middle East crisis is significantly impacting Nigeria's shipping industry, with far-reaching consequences for the country's economy.

The conflict has led to the suspension of shipping services through the Strait of Hormuz and the Red Sea, forcing vessels to take longer routes around Africa, which increases fuel costs and operational expenses.

Major shipping lines like Mediterranean Shipping Company (MSC), Maersk, and CMA CGM have suspended bookings for cargo transiting the Strait of Hormuz or destined for Persian Gulf ports. This disruption has resulted in higher shipping costs, with some estimates suggesting a 40% surge in global freight rates and a 400% increase in marine war-risk insurance for high-risk corridors.

The impact on Nigeria is substantial, with increased costs for imports and exports, potentially leading to product shortages and higher inflation. The country's oil exports, which account for over 85% of export earnings, may also be affected by the conflict, as global oil prices fluctuate.

Key Effects on Nigeria's Shipping Industry:

- Increased Shipping Costs: Higher fuel costs, operational expenses, and war-risk insurance premiums

- Delays and Disruptions: Longer shipping routes and potential cargo holdups

- Inflationary Pressures: Rising costs of imports and exports contributing to inflation

- Oil Export Impacts: Fluctuating global oil prices affecting Nigeria's revenue

#CBINewsTV #IranWar #OilCrisis #MiddleEast #Nigeria #News #Geopolitics

[francis adeniyi @iam_klassick]

@cbinewstv Interesting times ahead

[CBI News @cbinewstv]

Global Shock as US–Israel Strikes on Iran Trigger Fears of Regional War

Countries across the Middle East and beyond have expressed deep concern after coordinated strikes by the United States and Israel hit targets in Iran on Saturday, raising alarms over the possibility of a full-scale regional conflict. Reactions poured in from global powers and regional states, each warning of the dangerous implications of further escalation.

Russia accused Washington of using diplomatic talks as a “cover,” with former president Dmitry Medvedev urging citizens to leave Iran. Qatar confirmed intercepting an Iranian missile, while the European Union and Commission chief Ursula von der Leyen warned the situation was “perilous.” The United Kingdom advised its citizens in the Gulf to seek shelter, stressing it does not want a wider conflict. Jordan said it intercepted ballistic missiles, and Ukraine blamed Tehran’s actions for the crisis. France prioritised the safety of its citizens, while the African Union warned the strikes could worsen global instability.

#CBINewsTV #MiddleEastCrisis #IranStrikes #GlobalReactions #BreakingNews

[francis adeniyi @iam_klassick]

@cbinewstv Great

[CBI News @cbinewstv]

Funke Akindele Says She’s Focused on Telling Nigerian Stories — Not Competing

Award-winning filmmaker and actress Funke Akindele says her mission is simple: to tell authentic Nigerian and African stories, not to compete with anyone in the industry. Speaking at an event hosted by the National Film and Video Censors Board, she explained that her work is driven by a desire to showcase real experiences, culture and emotions from the African perspective. While avoiding details about upcoming projects, she assured fans that exciting new films are on the way — and that she feels no pressure as she continues to grow her craft.

Akindele, whose films have earned over N7.6 billion at the box office — including her record-breaking hit Behind The Scenes — credited her success to constructive criticism, continuous learning and storytelling innovation. She revealed that her shift away from producing a sequel to A Tribe Called Judah was inspired by a strong conviction to try something new. According to her, evolving creatively is essential, and Nigerian audiences can expect even more powerful stories in the coming year.

#CBINewsTV #FunkeAkindele #Nollywood #AfricanStories #FilmInnovation

[CBI News @cbinewstv]

Outgoing NSCDC CG: We Arrested 4,677 Suspects, Generated ₦4.5bn

Outgoing NSCDC Commandant General Ahmed Audi says the Nigeria Security and Civil Defence Corps recorded major gains under his leadership, including 4,677 arrests, 638 convictions and over ₦4.4bn remitted to the government between March 2021 and 2026. Speaking at his pull-out ceremony in Abuja, he highlighted the destruction of 283 illegal refineries, prosecution of 2,039 cases, registration and regulation of thousands of Private Guard Companies, and the training of over 15,000 security guards nationwide.

Audi also celebrated the establishment of the female special squad trained by the Nigerian Army, noting that the unit has foiled more than 48 attempted school kidnappings. He added that the Corps strengthened its Agro-Rangers to protect farmers and farmlands across the country. Appointed in 2021 by former President Muhammadu Buhari, Audi bows out at age 60, with his successor yet to be announced.

#CBINewsTV #NigeriaNews #SecurityUpdates #NSCDC #PublicSafety

[CBI News @cbinewstv]

APC Backs Wike’s Freedom to Support Any Candidate

The All Progressives Congress has defended FCT Minister Nyesom Wike, saying he has every constitutional right to campaign for candidates across party lines. APC spokesman Felix Morka made the remarks while addressing concerns over Wike’s visible support for APC candidates in the February 21 FCT elections—support that helped the party secure five of six area councils.

Tensions rose after two Peoples Democratic Party chairmanship candidates stepped down to back the APC, sparking backlash from the PDP leadership. Despite the controversy, President Bola Tinubu praised Wike’s influence, fueling fresh debate on party loyalty and political freedom in Nigeria’s democracy.

#CBINewsTV #NigeriaPolitics #Wike #APC #FCTElections

[francis adeniyi @iam_klassick]

@cbinewstv ✌️

[CBI News @cbinewstv]

Tinubu Hosts Governors for Annual Ramadan Iftar at Aso Rock

President Bola Ahmed Tinubu on Monday hosted state governors for his annual Ramadan Iftar at the Aso Rock Villa, marking the third year of the tradition. Governors including Hope Uzodinma, Dapo Abiodun, Babagana Zulum, Abba Kabir Yusuf, and others were spotted arriving from about 6:15pm. Vice President Kashim Shettima, Chief of Staff Femi Gbajabiamila, and cabinet members also attended the gathering.

The President’s Ramadan engagements traditionally bring together political leaders, senior officials, traditional rulers, and diplomats to promote unity and cooperation. More Iftar sessions are expected in the coming days as Ramadan continues.

#CBINewsTV #Ramadan2026 #AsoRock #Tinubu #NigeriaNews

[francis adeniyi @iam_klassick]

@cbinewstv Great news

[CBI News @cbinewstv]

The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate to 26.5%, the second rate cut under the current leadership of Governor Olayemi Cardoso.

The decision was announced at the end of the 304th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. Cardoso said the committee “decided to reduce the monetary policy rate by 50 basis points to 26.5%.”

This follows a previous 50-basis-point cut in September 2025 and a hold in November 2025. The move comes as Nigeria’s headline inflation eased to 15.10% in January 2026, providing room for the MPC to ease monetary policy.

#CBINewsTV #Economy #CBN #InterestRate #NigeriaFinance

[CBI News @cbinewstv]

Lagos Approves 13% Increase in BRT & BRI Fares

The Lagos Metropolitan Area Transport Authority has announced a 13% increase in fares for Lagos’ BRT and BRI buses, set to begin on Monday, March 2, 2026. The agency says the adjustment is necessary to keep public transport running amid rising operational costs and inflation.

Commuters across Lagos are advised to plan accordingly as the new fare structure takes effect. The state government says the review will help maintain safer and more reliable transportation services.

#CBINewsTV #Lagos #BRT #Transportation #NigeriaNews

[CBI News @cbinewstv]

Nigerians to Soon Own Shares in Dangote Refinery

Aliko Dangote, President of the Dangote Group, has revealed that Nigerians will be able to invest directly in the Dangote Refinery within the next four to five months, as part of efforts to broaden public ownership of the project.

Currently, the NNPC holds a 7.25% stake on behalf of Nigerians, but the upcoming plan will allow individual investors to purchase shares and even choose to receive dividends in naira or dollars. Dangote also highlighted ongoing collaboration with NNPC to strengthen operations and explore upstream partnerships.

Beyond refining, the complex is set to become a major industrial hub, with new projects including the production of linear alkylbenzene for detergents, aimed at supplying the entire African continent. Dangote described the refinery’s expansion as a platform to create value, deepen collaboration, and make Nigerians proud.

#CBINewsTV #DangoteRefinery #NNPC #InvestNigeria #IndustrialGrowth

[CBI News @cbinewstv]

Anambra Govt Shuts Nnewi Spare Parts Market Over Sit-at-Home Violation

The Anambra State Government has sealed the New Motorcycle Spare Parts Market in Nnewi for one week after officials discovered traders failed to comply with Governor Charles Soludo’s directive to end the Monday sit-at-home. The market will remain closed until March 2, 2026, with authorities warning of tougher sanctions if traders do not comply when operations resume.

Chief Evarist Uba, the Governor’s Special Adviser on Trade and Markets, led the enforcement team and emphasized that the Soludo administration is committed to restoring full economic activity across the state. Residents and traders have been urged to stay away from the market until next Monday as monitoring continues.

#CBINewsTV #Anambra #SitAtHome #Nnewi #Soludo

[CBI News @cbinewstv]

Zenith Bank Drives Nigeria’s Record Non-Oil Exports in 2025

Nigeria’s non-oil export sector hit a historic $6.1 billion in 2025, up 11.5% from 2024, reaching 120 countries and expanding global market presence. At the heart of this growth is Zenith Bank Plc, officially the leading bank supporting non-oil export transactions, accounting for 32.31% of all Nigeria Export Proceeds (NXP) forms processed across the country. The bank’s consistency, operational strength, and exporter-focused approach have made it the top choice for businesses navigating local and international trade.

This milestone reinforces Nigeria’s diversification drive under President Bola Ahmed Tinubu’s Renewed Hope Agenda and highlights the importance of strong financial backing in scaling exports. With better compliance, quality assurance, and global market positioning, Zenith Bank continues to anchor Nigeria’s non-oil trade, setting the stage for further growth in 2026 and beyond.

#CBINewsTV #ZenithBank #NigeriaExports #TradeGrowth #RenewedHopeAgenda