Here are the top news stories in Nigeria for the morning of Friday, March 20, 2026:
Eid-el-Fitr Celebrations Begin Nationwide
Following the official declaration by the Sultan of Sokoto, Alhaji Sa’ad Abubakar, millions of Nigerian Muslims are today celebrating Eid-el-Fitr, marking the end of the holy month of Ramadan. Large congregations have gathered at various Eid praying grounds across the country. In his message, the Sultan urged Nigerians to continue the spirit of “sacrifice, charity, and care for one another” cultivated during the fast.
Tinubu and Starmer Finalize £1bn Security and Trade Pact
On the final day of his UK State Visit, President Bola Tinubu met with Prime Minister Keir Starmer at 10 Downing Street. The leaders signed a landmark agreement worth over £1 billion, focusing on maritime security in the Gulf of Guinea and expanded educational exchange programs. Tinubu remarked that the partnership is a “modern economic alliance” aimed at mutual prosperity. He also witnessed the signing of a deal to modernize the Lagos and Tin Can Island ports, describing the Nigerian diaspora as “one of the most dynamic diaspora communities worldwide.”
Fuel Scarcity Looms as Marketers Cite Logistics Challenges
Despite the festive period, queues have resurfaced at filling stations in parts of Lagos and Abuja. The Independent Petroleum Marketers Association of Nigeria (IPMAN) has attributed the supply gaps to “logistical bottlenecks” at major depots. Meanwhile, the Major Energies Marketers Association of Nigeria (MEMAN) reiterated that global crude benchmarks and “import parity pricing” remain the primary drivers of domestic pump prices, downplaying hopes of an immediate price reduction.
EFCC Responds to Malami’s “No Regrets” Interview
The Economic and Financial Crimes Commission (EFCC) has reacted to former AGF Abubakar Malami’s claims that his constitutional rights were violated during his investigation. An EFCC spokesperson stated that all searches were conducted “within the ambit of the law and backed by valid court warrants.” This follows Malami’s post-release statement where he vowed to defend himself, saying, “I believe it is all God’s will… but I will defend myself against the allegations.”
Dollar to Naira Exchange Rate Update
As the public holiday begins, the Naira remains under pressure. In the official NAFEM window, the currency closed yesterday near ₦1,364, while the parallel market continues to see trades between ₦1,425 and ₦1,440. Financial analysts suggest that the market is reflecting a “wait-and-see” approach following the President’s investment drive in the UK.
