🇳🇬 Nigeria - Leading this morning
1. Power Sector Debt: FG raises N728.9bn in second bond
The Federal Government raised N728.9 billion (N402bn cash + N326.9bn non-cash) to clear legacy debts owed to GenCos. This brings total issuance to N1.23 trillion of the N4 trillion debt. Series-2 involved 11 GenCos, up from 8 in Series-1
2. Fuel price up again
NNPCL increased petrol pump price to ₦1,430/litre on Tuesday - leading front pages today.
3. Schools reopen amid fee hikes & security fears
As primary and secondary schools reopen today nationwide, Vanguard reports private school fees up 30-40%, while The Guardian reports N144bn Safe Schools Initiative failing to calm security fears d95f
4. 2027 Elections - 98 Reps & 52 Senators out
At least 98 House of Reps members failed to secure tickets to return, and 52 serving Senators are set to leave the National Assembly. INEC released final list of 1,303 candidates for 109 senatorial seats.
5. Politics & Security
Wike: APC governors not happy with me; Uzodimma says APC govs won't support candidates outside party.
VP Shettima returns after BRICS Summit in India; Tinubu warns Regional Commissions against wasting public funds.
Police issues nationwide alert of planned attacks on schools, worship centres, NYSC camps.
NDLEA busts industrial meth lab, arrests Mexican drug kingpin fleeing Nigeria.
🌍 World & Business
6. WTO warns on trade fragmentation
WTO says global trade system at a critical juncture, warns poorest economies will be hit hardest if trade fractures into blocs.
7. China Defence Forum
Chinese Defence Minister Dong Jun at Beijing Xiangshan Forum urges countries to check surge of "regressive historical trends" and avoid provocative acts.
8. Markets Today
China's factory output grew 5.2% in August, quickening from July, while retail sales slowed.
Accenture to pay $25m to settle US DEI allegations.
London shares slip as higher oil prices lift bond yields; BoE in focus.
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