Nigeria’s political and economic landscape shifted this week amid security concerns and energy developments.

In the South-South, a Rivers APC faction welcomed an affirmation of Governor Siminalayi Fubara as the state’s political leader, signalling realignments ahead of 2027. Nationally, Kano politics continued to churn as 22 lawmakers moved with Governor Abba Yusuf into the APC, with party leaders positioning to absorb defectors.

Security remained in focus after the mass abduction of worshippers in Kaduna. Police confirmed the incident and said tactical units were deployed for rescue operations, while families awaited updates. Separately, the Army reported multiple counter-kidnap actions in the North and a disarmament breakthrough in Cross River, where militants laid down arms.

Energy prospects brightened as NNPC confirmed a new oil well discovery, and Chevron completed the Awodi-07 well, underscoring renewed upstream activity in the Niger Delta. The Niger Delta Development Commission moved to fast-track regional projects, including compensation plans tied to the Borikiri–Okrika bridge works.

Monetary policy signals pointed to continued tightening. Treasury bills attracted N3.44 trillion in subscriptions, reflecting strong investor demand for higher yields. The Central Bank said its stance has reduced inflation and indicated plans to tighten rules on debit cards and ATMs to ease cash shortages.

In the South-East, Anambra authorities shut Onitsha market over sit-at-home compliance, highlighting persistent disruption risks.