1. Police Interrogate APC Senator Fadahunsi Over Viral Threat Ahead of Osun Poll

Osun State Police Command has interrogated Senator Francis Fadahunsi, representing Osun East, over a viral video in which he appeared to tell supporters to “kill” Accord Party members if they were seen in Ilesa ahead of Saturday’s governorship election. The APC senator arrived at the command headquarters in Osogbo on Wednesday and was questioned for about two hours by election security officials.

Fadahunsi later said the comment was meant to refer to defeating Accord members with votes rather than physical violence, while alleging that APC supporters had previously been attacked in his district. Police said the invitation was issued to clarify statements considered threatening and capable of inciting violence as political tension rises ahead of the August 15 poll.

2. Court of Appeal Nullifies Judgment Recognising Shehu Gabam as SDP Chairman

The Court of Appeal in Abuja has set aside a Federal High Court judgment recognising expelled Shehu Gabam as National Chairman of the Social Democratic Party. A three-member panel ruled that the lower court decision conflicted with an earlier Supreme Court judgment delivered on May 22, 2026, and upheld the nomination of Dr Francis Ajala as the party’s Osun governorship candidate.

SDP presidential candidate Adewole Adebayo, who represented the appellants, said the ruling has resolved the party’s prolonged leadership dispute in favour of the Prof. Abubakar Sadiq Gombe-led national working committee. The decision is expected to provide greater clarity for the party ahead of the Osun election and other upcoming polls.

3. Ribadu Leads Nigerian Delegation to US Counterterrorism Talks

National Security Adviser Nuhu Ribadu has led a high-level Nigerian delegation to Washington, D.C., for the United States-Nigeria Joint Working Group meeting focused on counterterrorism, intelligence sharing, defence cooperation and protection of fundamental freedoms. The delegation includes the ministers of foreign affairs, defence, finance and interior, as well as the Attorney-General of the Federation.

The talks are reviewing cooperation on joint operations, border security and security threats across the Sahel and Lake Chad Basin. A bilateral defence meeting is also scheduled, as both countries seek to deepen practical cooperation against terrorist networks and other security threats in the region.

4. EFCC Recovers Over ₦115 Billion in Outstanding NDDC Levies

The Economic and Financial Crimes Commission has recovered more than ₦115 billion in statutory levies owed to the Niger Delta Development Commission by oil companies between 2021 and 2023. The EFCC disclosed that the recovery includes ₦76.883 billion and $81.076 million from 24 of the 43 companies investigated, while 19 firms were cleared of liability.

The commission said some companies also paid ₦6.709 billion and $16.994 million directly to the NDDC following its intervention. About ₦73.373 billion and $67.070 million of the recovered funds have been released to the commission, while the remaining amount is being held in EFCC accounts as investigations continue.

5. Nigerian Equities Market Loses ₦1.76 Trillion as Investors Take Profits

The Nigerian Exchange extended its recent decline on Wednesday as investors continued to take profits from major stocks. The All-Share Index fell by 1.12 per cent to close at 243,967.09 points, while total market capitalisation dropped by about ₦1.76 trillion to ₦157.494 trillion.

The market has now lost roughly ₦2.93 trillion in two trading sessions, with stocks such as BUA Foods, Unilever Nigeria and several banking counters coming under pressure. Analysts linked the correction to profit-taking after the market recently crossed the ₦160 trillion capitalisation mark, although the year-to-date performance remains positive.

6. Naira Strengthens to ₦1,360.58 as Foreign Reserves Rise

The naira strengthened against the US dollar on the official foreign exchange market on Wednesday, closing at ₦1,360.58 compared with ₦1,364.89 recorded in the previous session. The gain of ₦4.31 came as foreign reserves also increased to $52.17 billion as of August 11.

The currency, however, weakened slightly on the parallel market, where it traded around ₦1,430 to the dollar. The mixed movement comes as monetary authorities continue efforts to improve liquidity and stabilise the foreign exchange market amid broader economic reforms.

7. Death Toll Rises to 11 in Taraba Road Attacks

The death toll from a series of attacks along the Rafin Kada-Wukari road in Taraba State has risen to 11 following fresh casualties in the area. Armed groups have repeatedly targeted travellers and communities along the route, disrupting the relative calm and prompting increased security operations.

Local authorities and security agencies have stepped up efforts to protect road users and restore normalcy. Residents have continued to call for sustained security presence and stronger intelligence gathering to prevent further attacks along the troubled corridor.

8. INEC Adds SDP Candidate to Osun Governorship Ballot

The Independent National Electoral Commission has formally included the Social Democratic Party governorship candidate on the ballot for Saturday’s Osun State election following the resolution of a legal dispute over the party’s nomination. The development follows the Court of Appeal ruling upholding the SDP’s internal nomination process.

The addition comes as the closely contested election enters its final days, with 14 candidates in the race and security agencies preparing for the poll. Political parties, observers and other stakeholders have continued to call for peaceful conduct before, during and after voting.

9. CBN Removes Restrictions on Discount Window Access for FX and OMO Operations

The Central Bank of Nigeria has removed certain restrictions on access to its discount window for foreign exchange and Open Market Operations activities. The move is aimed at improving liquidity management and supporting smoother functioning of the money and foreign exchange markets.

The policy adjustment comes amid elevated overnight interest rates and efforts by the monetary authorities to balance inflation control with market efficiency. Financial institutions are expected to adjust their operations as the new arrangement takes effect.

10. Wike Shuts House Sales Committee Secretariat, Creates New FCT Division

Minister of the Federal Capital Territory Nyesom Wike has shut down the secretariat of a house sales committee and created a new division following President Bola Tinubu’s dissolution of the panel. The restructuring is aimed at streamlining housing and land administration processes in the Federal Capital Territory.

The move forms part of wider administrative changes under Wike and has drawn attention from stakeholders monitoring transparency in property transactions and urban development. Further details on the responsibilities and operations of the new division are expected to emerge as the restructuring progresses.