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EPL slams Man City’s Guardiola ban

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Pep Guardiola, manager of Manchester City, has been handed a two-match touchline ban after receiving a yellow card during Saturday’s FA Cup clash against Newcastle United.

The booking, which is Guardiola’s sixth of the season, automatically triggers a suspension under competition rules.

 

The incident occurred at St. James’ Park when the Spanish coach was involved in a heated exchange with fourth official Lewis Smith following a challenge by Kieran Trippier on City winger Jérémy Doku.

 

Guardiola was also seen sarcastically applauding after Omar Marmoush scored to put Newcastle 3–1 ahead.

 

As a result of the suspension, Guardiola will not be on the touchline when Manchester City faces West Ham United in the Premier League next Saturday and during City’s upcoming FA Cup quarter-final in April.

 

However, the suspension does not apply to other competitions. Guardiola will still be permitted to be in the dugout for City’s UEFA Champions League fixture against Real Madrid and the Carabao Cup Final against Arsenal scheduled for March 22.

Jubilation as Tinubu finally approves salary increase for Nigerian military personnel

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President Tinbu

There is jubilation as Bola Ahmed Tinubu President of Nigeria, has approved a salary increase for military personnel across the country.

The president made the announcement during an interfaith breaking of fast with service chiefs at the Presidential Villa in Abuja.

Tinubu also assured members of the Armed Forces that his administration would address their welfare and accommodation challenges.

According to him, the interfaith gathering symbolizes Nigeria’s unity despite its diversity.

“The interfaith breaking of fast together reflects the diversity of our nation. God has ordained this period to coincide for self-integration and self-actualization, and the interfaith base is very laudable that we can celebrate breaking bread together,” he said.

 

The president said he had listened to the Chief of Army Staff and noted that recent approvals granted to the Nigerian Army were appropriate.

 

“I thank all of you on behalf of a grateful nation. Many times, you are away from your families, while some of you face attacks from bandits and terrorists,” Tinubu said.

 

He commended members of the Armed Forces for their sacrifices in protecting Nigeria’s sovereignty and maintaining national security.

“We will continue to work together. Whether in the office or in the medical units, you have all been serving the country diligently,” he added.

 

Tinubu assured the military leadership that the nation appreciates their commitment and that their sacrifices would not be in vain.

 

“This nation will always remain grateful to you. Your welfare, accommodation, and opportunities that should be extended to your families will take priority in our decisions,” the president said.

Aisha Yesufu explains why 2027 election will be ‘war’ for Nigerians

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Activist and politician Aisha Yesufu has described the 2027 general election as a crucial battle for Nigerians, saying the country’s future and survival would be at stake.

Yesufu stated that Nigerians would be fighting for their lives and the soul of the nation during the next electoral process.

 

In a post on X, the outspoken activist urged citizens not to remain passive observers, warning that inaction could make people vulnerable to the consequences of poor leadership.

 

“Let me repeat, the 2027 election is WAR!!! Nigerians are fighting for their lives and the soul of Nigeria,” she wrote.

 

She stressed that citizens must take a stand, noting that those who ignore unfolding events today could become victims tomorrow.

 

“Yes­terday’s victims were once survivors, today’s victims were yesterday’s survivors, and tomorrow’s victims will be today’s survivors. Who is next?” she added.

 

Yesufu further advised Nigerians to always stand on the side of truth and justice, saying such a position may not always attract popularity but would guarantee peace of mind and the ability to defend one’s actions when questioned.

BREAKING: NNPCL raises petrol price for second time in four days

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The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS), marking the second adjustment within four days.

The state-owned oil company raised the petrol price to N967 per litre on Saturday from N960, representing a N7 increase per litre.

Checks show that the new price has already been implemented at NNPCL filling stations in Abuja and surrounding areas.

The latest adjustment follows an earlier hike by the company earlier in the week, when the pump price rose to N960 per litre from N875.

Other filling stations across the nation’s capital have also reviewed their prices upward, with petrol now selling between N967 and N1,000 per litre.

The price increase comes amid rising global crude oil prices. On Saturday, crude prices climbed by about 9 percent, pushing Brent crude and West Texas Intermediate above $90 per barrel.

The development also follows a recent price adjustment by the Dangote Refinery, which earlier in the week increased its gantry price of petrol by N75, citing the surge in crude oil prices triggered by tensions in the Middle East.

BREAKING: Wike: Suspected thugs disrupt PDP congresses in Oyo

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Suspected political thugs on Saturday attacked local government congresses organized by a faction of the Peoples Democratic Party (PDP) loyal to the Minister of the Federal Capital Territory, Nyesom Wike, in Oyo State.

It was gathered that the party in the state is currently divided into two factions—one aligned with Wike and the other loyal to the state governor, Seyi Makinde.

 

The Nigerian news sphere learned that the Wike-aligned faction had scheduled its local government congresses to be held across the state on Saturday. However, the meetings were reportedly disrupted by hoodlums believed to be political thugs who attacked participants during the exercise.

 

Sources disclosed that about 10 people were assaulted in the attacks, while several vehicles were vandalized.

 

Chairman of the faction loyal to Wike, Abdulrahman Akinoso, confirmed the incident during a telephone conversation with DAILY POST on Saturday afternoon.

 

Akinoso stated that the attacks occurred in several local government areas, including Ibadan North, Ogbomoso South, Igboora in Ibarapa Central, and Akinyele.

 

According to him, multiple vehicles were damaged during the disruption.

 

“Our local government congresses were attacked across Oyo State—Ibadan North, Ogbomoso South, Igboora (Ibarapa Central), and Akinyele. Three vehicles were vandalized in Ibadan North at Gbolarumi House, Are Avenue, Bodija. About 10 people were attacked across the state,” he said.

Nigerian Naira records second straight week of significant drop against US dollar

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The Nigerian naira closed the second consecutive week on a downward trend against the United States dollar across both the official and parallel foreign exchange markets.

Data from the Central Bank of Nigeria on Friday showed that the naira weakened further to N1,393.26 per dollar at the official market, compared to N1,387.45 recorded previously.

 

This represents a day-to-day depreciation of N5.81 and a week-on-week drop of N29.87 against the dollar. In the last two weeks alone, the local currency has fallen by N46.94 at the official market.

 

At the parallel market, commonly known as the black market, the naira also recorded a sharp decline. The currency traded at about N1,415 per dollar on Friday, representing a depreciation of N45 from around N1,370 per dollar on February 23, 2026.

 

Bureau de Change operators at Wuse Zone 4 in Abuja confirmed the development.

 

The continued decline of the naira across foreign exchange markets comes despite recent interventions by the Central Bank of Nigeria to stabilize the currency by mopping up dollars from the market.

 

The intervention was recently acknowledged by Bola Ahmed Tinubu, who confirmed that the apex bank had taken steps to manage dollar liquidity in the foreign exchange market.

Recapitalization: Three Nigerian Banks yet to meet CBN capital requirement weeks to deadline

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Three Nigerian banks are yet to meet the minimum capital requirements set by the Central Bank of Nigeria (CBN) as of Friday, March 6, 2026, with the March 31 recapitalization deadline fast approaching.

 

The CBN disclosed this in a statement issued by its spokesperson, Mrs. Hakama Ali-Sidi, on Friday.

 

According to the apex bank, 30 banks have successfully met the new minimum capital thresholds required for their respective license categories, leaving only three banks still short of the requirement.

 

However, the CBN explained that the remaining three banks are currently undergoing routine verification of their capital positions after 33 banks raised additional funds through rights issues and initial public offerings (IPOs).

 

“As of March 6, 2026, the recapitalization exercise is progressing steadily. Thirty (30) banks have met the new minimum capital requirements applicable to their respective license authorizations,” the statement said.

 

Earlier, CBN Governor Olayemi Cardoso had disclosed during the 304th Monetary Policy Committee (MPC) briefing that only 20 of the 33 banks had met the capital requirements.

 

This means that between February 24 and March 6, an additional ten banks successfully complied with the recapitalization requirement.

 

The recapitalization program was introduced by the apex bank in March 2024, with March 31, 2026, set as the deadline for banks to meet the new capital thresholds.

Recapitalization: 30 Nigerian Banks Meet CBN’s capital requirements ahead of March 31 Deadline

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The Central Bank of Nigeria (CBN) has announced that 30 commercial banks have successfully met the new minimum capital requirements ahead of the March 31, 2026, recapitalization deadline.

 

The update was disclosed in a statement on Friday by the CBN spokesperson, Hakama Ali-Sidi.

 

According to the apex bank, a total of 33 banks have raised additional capital through various funding channels, including rights issues, initial public offerings (IPOs), and private placements as part of the ongoing recapitalization program.

 

The CBN explained that although 30 banks have already met the required capital thresholds for their respective licenses, three others are currently undergoing routine verification of their capital positions before final confirmation of compliance within the recapitalization timeline.

 

The regulator noted that the recapitalization exercise is progressing smoothly.

 

“As of March 6, 2026, the recapitalization exercise is progressing steadily. Thirty banks have met the new minimum capital requirements applicable to their respective license authorizations. In total, thirty-three banks have raised additional capital through rights issues, IPOs, and private placements as part of the program,” the statement said.

 

The apex bank added that it will continue to closely monitor regulated institutions to ensure they comply fully with prudential and capital requirements.

 

Earlier, the CBN Governor, Olayemi Cardoso, disclosed during the 304th Monetary Policy Committee briefing that 20 out of the 33 banks had met the new capital threshold as of February 24, 2026.

 

The latest update indicates that an additional 10 banks have achieved compliance between February 24 and March 6.

 

The recapitalization policy was introduced by the CBN in March 2024, giving banks a two-year window to meet the new capital base requirements, with March 31, 2026, set as the deadline.

Lagos businesswoman accuses GTBank of unauthorized debit

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A Lagos-based fashion designer and owner of Unique A’ Wears, Ada George, has accused Guaranty Trust Bank (GTBank) of allegedly debiting N395,425 from her account without her authorization.

Evidence GTB

George made the allegation in a post shared on her X handle, @adageorgeA, on Friday, where she also attached proof of the transaction.

According to her, the deduction occurred on March 3, 2026, without her knowledge or consent.

The businesswoman stated that she had not used her ATM card since 2024 and had not carried out any online transaction prior to the debit.

George further alleged that when she visited a GTBank branch in Ikorodu, Lagos, to lodge a complaint, a staff member told her there was nothing he could do about the issue.

She wrote in part: “The whole story is clear now. The GTB branch at Ikorodu said there’s nothing he can do about it, that if I like, I should sleep here. @gtbank @gtbank_help you are employing a thief to work at your branch.”

She also insisted that she did not authorize the transaction, adding that the money left her account on March 3, 2026.

“Today I will sleep in GTB bank. Baba wants to be lying that I used my ATM,” she wrote.

Responding to the complaint, GTBank’s customer support team on X asked the customer to send details of the issue through a private message to enable them to investigate the matter.

Nigerian Newssphere reports that GTB is among the Nigerian banks that have met the Central Bank of Nigeria’s minimum capital requirements.

 

 

2027: Major win for opposition party as court dismisses suit seeking removal of David Mark, other ADC national officers

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A Federal High Court in Abuja has dismissed a suit seeking the removal of David Mark and Rauf Aregbesola as National Chairman and National Secretary of the African Democratic Congress (ADC).

Delivering judgment on Friday, Justice Joyce Abdulmalik ruled that the court lacked jurisdiction to entertain the suit because it concerned the internal affairs of a political party.

The judge held that matters relating to party leadership and membership fall within the internal mechanisms of political parties and are therefore not justiciable in court.

 

Justice Abdulmalik noted that political parties are voluntary associations and that individuals choose to join them without compulsion. According to her, members who are dissatisfied with decisions within their parties should explore internal dispute resolution mechanisms or, if necessary, withdraw from the party and join another.

 

She emphasized that courts cannot interfere in issues concerning party membership or leadership positions.

 

David Mark currently serves as the National Chairman of the African Democratic Congress, while Rauf Aregbesola holds the position of National Secretary.

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