NewsRoundUp | At This Time

Major News in Nigeria

Military Action Against Terrorists

• The Nigerian Air Force killed over 35 terrorists near the Nigeria–Cameroon border in precision airstrikes under Operation Hadin Kai. The strikes disrupted planned attacks and stabilized the region.

Economic Recovery with Challenges

• Nigeria has recorded its first balance of payments surplus in three years, thanks to reforms like subsidy removal and increased oil production. The Dangote refinery is now a net exporter of petroleum products.
• Despite macroeconomic improvements, extreme poverty and poor infrastructure persist. Life expectancy remains alarmingly low at 54 years, the lowest globally.

Tribute to Peter Rufai

• Peter Obi visited the family of late Super Eagles legend Peter Rufai, advocating for national recognition of his contributions to Nigerian football.

Crypto Surge

• Nigeria leads Africa in stablecoin adoption, with over $22 billion in transactions between July 2023 and June 2024. Stablecoins are increasingly used for cross-border trade and inflation hedging.

Trending Global News

Israel–Gaza Conflict Intensifies

• Israel is advancing on Gaza City while negotiating a potential 60-day ceasefire with Hamas. The humanitarian crisis is worsening, with reports of famine and civilian casualties.

Trump–Putin–Zelensky Triangle

• Former U.S. President Donald Trump is pushing for a peace deal between Russia and Ukraine, claiming he’s ended multiple wars. Meanwhile, Russia launched its largest drone attack in August following a summit in Washington.

Royal Scandal in Norway

• The son of Norway’s crown princess has been indicted on multiple counts, including rape and abuse, sparking national and international outrage.

Wildfires in Spain

• Spain is battling its worst wildfire season in 30 years, with over 30,000 people evacuated and dozens of active blazes threatening communities.

Nollywood Goes Global

• Nigerian streaming platform KAVA has launched in the UK, offering global access to Nollywood films and marking a major milestone for African storytelling.