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Blackout Worsens In Nigeria As GenCos Shutdown Gas Plants Over Debt

Nigeria’s power crisis has deepened as generation companies (GenCos) halt operations due to an escalating debt burden estimated at about ₦6.8 trillion.

According to a report by Bloomberg, 16 of Nigeria’s 33 power plants were not supplying electricity as of Tuesday, citing data from the Nigeria Independent System Operator, NISO.

The affected plants are impacted by their inability to maintain equipment, secure gas supplies, and meet basic operational expenses.

The liquidity generation sub-sector further mirrors the challenges in the sector across the Nigerian Electricity Supply Industry, according to Joy Ogaji, Chief Executive Officer of the Association of Power Generation Companies, APGC.

She stressed that adequate financial generation sub-value for the country will no longer be able to provide services to Nigerians.

“We cannot maintain the machines,” Ogaji said, adding that without adequate funding, equipment cannot be serviced, underscoring the severity of the cash flow crisis confronting the sector.

“Money for hand, light for house, gas for pipe. This is more than an industry issue. It is an economic imperative.

“Reliable power is the backbone of industrialization, job creation, and national development. The time to act is now,” she said.

It was earlier reported that GenCos and gas suppliers had threatened to halt supply over debt amounting to N3.3 trillion.

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EFCC Arrests Three Suspected Illegal Gold Miners In Maiduguri

Operatives from the Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have arrested three individuals suspected of engaging in illegal gold mining activities in Borno State.

They were arrested in Mallam Jakwa Town, Hawul Local Government Area of Borno State, following actionable intelligence on their illegal activities.

The suspects are: Umar Muhammad, Modu Bamai Umar and Sani Samaila.

Their suspected illegal mining  activities are worsening  insecurity and environmental degradation in the state.

Items found in their possession upon their arrest include a small gold measuring machine and mined gold.

They will be charged to court as soon as investigations are concluded.

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Eid-il-Fitr: FG Declares Thursday, Friday Public Holidays

The Federal Government has declared Thursday, March 19, and Friday, March 20, 2026, as public holidays to mark Eid al-Fitr, celebrating the end of the Islamic holy month of Ramadan.

Minister of Interior, Dr Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, extended warm greetings and heartfelt congratulations to the Muslim faithful on the successful completion of the holy month of Ramadan.

The minister, in a statement by the Permanent Secretary in the ministry, Dr Magdalene Ajani, urged Muslims to sustain the virtues of love, generosity, peace, tolerance, and sacrifice, which were emphasised during the holy month.

He also called on all Nigerians to use the festive period to pray for the continued peace, unity, and prosperity of the nation.

While wishing the Muslim faithful a joyful Eid-ul-Fitr celebration, the minister encourages citizens to celebrate responsibly and extend acts of kindness to the less privileged in society.

“The federal government remains committed to fostering national unity and peaceful coexistence among all Nigerians,” the statement added.

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Naira Strengthens To N1,355 Per Dollar

The naira continued its upward trend on Monday, rising to N1,355/$ at the official foreign exchange market, up from N1,363.5/$ on Friday.

Data from the Central Bank of Nigeria indicates that the local currency has maintained a steady recovery trend in recent days, supported by relatively stable market conditions, Channels reports.

Monday’s gain marks the naira’s strongest performance since February 23, 2026, when it closed at N1,353.5/$.

Market figures show that the currency appreciated to N1,390.5/$ on Tuesday before strengthening further to N1,373.5/$ on Wednesday.

It continued the positive trend on Thursday at N1,370/$ and improved to N1,363.5/$ by Friday, before extending the rally on Monday.

During Monday’s trading session, the naira fluctuated between N1,365.35/$ and N1,354/$, reflecting relatively stable intraday activity.

Global factors also shaped market sentiment, as investors tracked movements in the U.S. dollar alongside geopolitical tensions involving Iran and their potential impact on global energy markets.

In early Asian trading, the euro slipped by 0.12 per cent to $1.1492, while the British pound declined by 0.1 per cent to $1.33.

The dollar index, however, remained largely unchanged at 99.913.

The Australian dollar also weakened slightly ahead of a key interest rate decision by the country’s central bank, adding to cautious sentiment in global markets.

The apex bank noted that Nigeria’s improving external reserve position could help stabilise the naira against sustained pressure.

Net foreign exchange reserves rose to $34.80 billion at the end of 2025, while gross external reserves increased to $50.45 billion as of February 2026, driven by stronger oil earnings and higher foreign inflows.

The CBN Governor, Olayemi Cardoso, said ongoing monetary and foreign exchange reforms are aimed at boosting investor confidence and enhancing market liquidity.

According to projections in the bank’s 2026 macroeconomic outlook, Nigeria’s external reserves could rise further to $51.04 billion, largely supported by improved oil revenues.

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There Is No Banditry In Abuja – Wike Declares

Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has rejected claims of persistent banditry in Abuja.

Wike, during an inspection of ongoing projects in the federal capital on Monday, acknowledged incidents of crime, but insisted that reports of banditry are exaggerated.

According to Wike, the nation’s capital remains secure and that the security agencies are effectively tackling crime.

While praising the dedication of security agencies, Wike called for public recognition of their efforts.

He said, “I have always said, we only hear one incident but nobody has said, we have been able to curb or reduce this. There is nowhere in this world, be it any developed country, where you will see there is no form of crime.

“I don’t believe there is banditry in Abuja. But again, it is a city where people want to go and do all kinds of things, kidnapping, this and that.

“So, it will be difficult for anybody to say that in a city that you don’t have one form of crime or another. So, there is no recurrence of banditry. There is no banditry in Abuja. I know that last time some people were kidnapped in Bwari but they were all rescued.

“What’s important is what measures, how serious the security agencies take this. As far as I am concerned, they are really taking their work very seriously. And we need to give them the necessary support.

“We do not need to always advertise one crime when they have stopped about 50 crimes. And nobody has come out to commend the security agencies, to commend the administration for being able to reduce the crime.

“I think we should commend the security agencies, and they will continue to improve.” 

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Nnamdi Kanu Rejected The Terms That Were Offered To Sunday Igboho – Sowore Reveals

Omoyele Sowore, a former presidential candidate has alleged that the continued detention of Indigenous People of Biafra leader Nnamdi Kanu is linked to his refusal to accept certain conditions he claims were accepted by Yoruba activist Sunday Igboho.

Sowore made this known during an interview with journalists in Abuja, while comparing the political approaches of the two separatist figures and their relationship with President Bola Tinubu’s government.

Sowore said his recent interaction with Kanu reinforced his belief that the two men could not be compared, stressing that if the IPOB leader had accepted the same terms offered to Igboho, he would be campaigning for Tinubu in the Southeast.

He said, “Nnamdi Kanu is in jail today because he’s different from Sunday Igboho. If Kanu were like Sunday Igboho, he would be campaigning for President Tinubu in the Southeast now.

“Because it’s the same terms they gave to Igboho that he accepted and Kanu rejected over the last 10 years.

“I don’t know what he will do tomorrow, but the Kanu I went to campaign for in Aba last week it will be heresy to compare the two of them.”

While criticising the trend of transactional politics in the country, Sowore warned that Igboho could end up politically disgraced, drawing parallels with controversial political figures of the past, such as Nzeribe and Daniel Kanu.

He added that Sunday risks damaging his legacy if he continues on the same path.

He said, “As per Igboho, who I don’t know too well, I have always stated that their own brand of politics is what I call Amala politics in Oyo State; it’s politics of ‘chop I chop.

“But what Igboho is going to realize is that he’s going to be in the hall of infamy like the Nzeribes of this world, who once said if Babangida does not become president he would kill himself; both him and IBB have become invalid.

“It’s like Daniel Kanu, who said if Abacha does not become president he would kill himself. Abacha has died and his own political career died forever.

“If he was ever relevant, Igboho just retired himself into the infamy of the people I mentioned, and his own might be worse because the world community might be coming for him very soon.” 

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Panic As Multiple Explosions Rock Maiduguri

Multiple explosions were reported on Monday evening in Maiduguri, the capital of Borno State, sparking panic among residents in various parts of the city.

According to Vanguard, sources within the city said the blasts occurred between about 6:45 p.m. and 7:00 p.m., with loud sounds heard in multiple locations, raising fears of a possible security incident.

Residents said the explosions were heard around major areas of the city, including the popular Monday Market, Kaleri, the Post Office area and the vicinity of the University of Maiduguri Teaching Hospital.

Witnesses described the blasts as loud and sudden, causing widespread fear among people in the affected neighbourhoods.

Some residents reportedly abandoned their activities and hurriedly left the area in search of safety.

The situation reportedly created tension in parts of the city as residents attempted to confirm the cause of the blasts.

Security agencies had yet to issue an official statement on the incident as of the time of filing this report.

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Tinubu Will Start Losing Sleep Soon – Dele Momodu Says

A chieftain of the African Democratic Congress (ADC), Dele Momodu, has predicted that Bola Tinubu may soon begin to worry as some people around him reveal their true intentions in the coming months.

Momodu, who claimed to be a prophet recounted that former Interior Minister, Rauf Aregbesola abandoned Tinubu for the ADC despite being close allies in the past.

He spoke while featuring on Channels Television’s Sunday Politics.

According to Momodu: “Nobody knows Tinubu better than Rauf Aregbesola, he was governor in Osun State for eight years and commissioner for works in Lagos State, he’s now in ADC.

“Look at the preponderance of senators, members of the House and everybody now trooping in.

“Let me give you a prediction again, you know I’m a prophet, I was born and named Joseph at birth in Ile-Ife, I’m telling you that in the coming weeks and months, Tinubu will begin to lose sleep when he seeks the true colour of human beings, they will show him.

“All those people who are expecting something from him today they are pretending like the rattle snake waiting and hoping that they will get something. When they can no longer get it they will seek their fortune elsewhere.

“Even right now, their own Vice President, a very cerebral gentleman is at a crossroad, APC does not know if it can risk a Muslim-Muslim ticket again.

“In the coming weeks and coming months, Tinubu will begin to lose sleep when he sees the true colour of human beings.”

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Nigerians Hit As Iran Rains Missiles On UAE

Nigerians were among more than 140 residents injured after Iran launched multiple ballistic missiles and unmanned aerial vehicles at the United Arab Emirates, raising fresh concerns for thousands of Nigerians living and working in the Gulf nation.

The UAE Ministry of Defence disclosed on Saturday that its air defence systems intercepted several missiles and drones fired from Iran, describing the attack as a major escalation in the ongoing regional tensions.

In a statement posted on its official X handle, the ministry said its air defence units engaged nine ballistic missiles and 33 drones during the latest assault on March 14.

It added that the attacks left six people de@d and 141 others injured, including foreign nationals.

“The UAE air defence systems on March 14 engaged nine ballistic missiles and 33 UAVs launched from Iran,” the ministry stated.

“Since the onset of this blatant Iranian aggression, UAE air defences have engaged 294 ballistic missiles, 15 cruise missiles, and 1,600 UAVs launched from Iran.”

According to the ministry, those k!lled in the attacks included citizens of the UAE as well as foreign nationals from Pakistan, Nepal and Bangladesh.

Although the authorities did not specify the exact locations where the casualties occurred, the ministry said the injured victims were from several countries, including Nigeria.

Others affected include residents from Egypt, Sudan, Ethiopia, the Philippines, Pakistan, Iran, India, Bangladesh and Sri Lanka.

The list also included Azerbaijan, Yemen, Uganda, Eritrea, Lebanon, Afghanistan, Bahrain, Comoros, Türkiye, Iraq, Nepal, Oman, Jordan, Palestine, Ghana, Indonesia and Sweden.

The development has sparked concern among Nigerian communities in the UAE, where thousands of citizens live and work in sectors such as construction, hospitality, logistics and trade.

Data from Nigeria’s diaspora commission shows that the UAE remains one of the largest destinations for Nigerian migrants in the Middle East, particularly in the emirates of Dubai, Abu Dhabi and Sharjah.

The Nigerian government had in recent years raised concerns over the safety and welfare of its citizens in the country following diplomatic tensions and visa restrictions affecting Nigerians.

Saturday’s attacks have now heightened anxieties within the diaspora community, especially as the Gulf region faces growing military confrontations.
In its statement, the UAE Ministry of Defence said the country remained fully prepared to confront any threats to its security.

“The Ministry of Defence remains fully prepared and ready to deal with any threats and will firmly confront any attempts to undermine state security in a manner that ensures the protection of its sovereignty, security and stability, and safeguards its national interests and capabilities,” the ministry said.

In a separate update, the ministry noted that its defence systems were still actively intercepting missiles and drones.

“UAE air defences are dealing with Iranian ballistic and cruise missiles and drones,” it said.

Regional media reports indicate that the attacks form part of a wider escalation of hostilities between Iran and Western-backed forces in the Middle East.

According to Al Jazeera, Iran has continued sustained missile and drone strikes across the Gulf despite protests from neighbouring states.

The strikes were said to be in retaliation for military operations launched by the United States and Israel against Iranian positions in the region.

Tehran targeted several Gulf countries, including Saudi Arabia, Qatar and the UAE, late on Friday and into Saturday.

The attacks also caused infrastructural damage in parts of the UAE.

Meanwhile, Iran’s elite military wing, the Islamic Revolutionary Guard Corps, warned that US interests in the UAE would remain legitimate targets.

Iranian state media reported that the group issued the warning after US forces attacked Iranian-controlled islands.

The IRGC specifically mentioned ports, docks and military installations linked to the United States as potential targets.

It also urged residents in the UAE to evacuate areas around ports and military facilities to avoid civilian casualties.

Security analysts say the growing exchange of threats and strike across the Gulf could destabilise the region’s economic and aviation activities if the conflict escalates further.

Nigeria’s Ministry of Foreign Affairs has yet to issue an official statement on the incident as of the time of filing this report.

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Not Everyone Who Smiles With You Wishes You Well – MC Oluomo Shares Life Lessons As He Celebrates 51st Birthday

Former chairman of the Lagos State chapter of the National Union of Road Transport Workers (NURTW), Musiliu Akinsanya, popularly known as MC Oluomo, is celebrating his 51st birthday.

To mark the special occasion, the influential transport union leader shared a video of himself dancing joyfully, expressing deep gratitude to Allah for the gift of life and the many blessings he has received over the years.

In his message, MC Oluomo thanked God for His endless mercy, protection, and guidance over him and his household.

Reflecting on his journey, he acknowledged that life has come with its share of challenges, tests, and victories. Despite these experiences, he said his faith has remained firm, emphasizing that Allah has always been his strength and shield through every phase of life.

The former NURTW chairman also spoke about the lessons he has learned over the years, noting that life has taught him that not everyone who appears friendly or supportive genuinely wishes one well. However, he added that he remains grateful because, regardless of the intentions of those who may secretly wish him harm, God’s protection over him has always prevailed.

His birthday message has since drawn reactions from supporters and well-wishers who have taken to social media to celebrate with him and offer prayers for continued blessings in the years ahead.

He wrote: “Today, I celebrate another year of life, and my heart is filled with gratitude to Almighty Allah. Ya Allah, I thank You for the gift of life, for Your endless mercy, protection, and guidance over me and my household. Through every challenge, every test, and every victory, you have remained my strength and my shield. I am nothing without Your grace, and for that I say Alhamdulillah.

On this special day, I pray that Allah continues to guide my steps, enlarge my coast, protect my family, and bless the work of my hands. May He grant me more wisdom, patience, and strength to serve humanity and stand for what is right. May my new year bring greater achievements, good health, peace of mind, and divine favour.

I also want to sincerely appreciate everyone who has supported, encouraged, and stood by me through different seasons of life. Your prayers, loyalty, and kindness mean more to me than words can express. May Almighty Allah reward you abundantly and keep us together in good health and prosperity.

Life has taught me many lessons. One of them is that not everyone who smiles with you truly wishes you well. But I am grateful to Allah because no matter the plans of those who secretly wish me harm, His protection has always been greater than their intentions. What Allah has written for me, no man can take away.

As I mark this new chapter, I move forward with faith, gratitude, and confidence in Allah’s plan for my life. The journey continues, the mission continues, and by His grace, the best is yet to come.

Happy Birthday to me. Alhamdulillah for another beautiful year of life”.