Nigeria's Tense Trio: Rivers Feud, Market Surge, Security Push
Nigeria faced political tensions in Rivers State alongside positive market performance and ongoing security efforts during early February 2026. Verified reports highlight FCT Minister Nyesom Wike's directives to pro-Wike lawmakers amid President Tinubu's mediation in the Wike-Fubara dispute.
Rivers Political Tensions
FCT Minister Nyesom Wike instructed pro-Wike lawmakers in Rivers State to follow President Tinubu's directives following a recent meeting in Abuja. Wike expressed optimism that this intervention, the second by Tinubu, would resolve the crisis permanently, urging both the assembly and Governor Siminalayi Fubara to comply. Governor Fubara inspected the Port Harcourt Ring Road project, reaffirming its October 2026 completion despite state challenges, with steady funding promised.
Stock Market Gains
The Nigerian Exchange (NGX) All-Share Index rose sharply for the week ended February 6, 2026, gaining 3.84% to close at 171,727.5 points, marking its strongest weekly performance in 2026. Heavyweight stocks like Seplat, MTN, and Dangote Cement drove the rally, with the NGX Premium Index up 6.80%. This occurred amid broader economic forecasts, including Q4 2025 GDP growth projected at around 4.22%.
Security Operations
Nigerian troops under Operation Hadin Kai intercepted terrorists' logistics and arrested suspects in Adamawa State earlier in 2026. Joint Nigeria-US airstrikes in Sokoto State on December 25, 2025, targeted jihadist hideouts, leading to resumed socio-economic activities in affected areas by early January 2026. These efforts continue against persistent security threats.
