News on the Go: 5 things that should matter to you today

• Nigeria’s W’Bank debt may hit $9.2bn as FG eyes six loans
• Kalu seeks posthumous recognition for Abiola as ex-President
• One-third of Elon Musk’s DOGE staff resign in protest

We have highlighted the five most important developments in the news today, Wednesday, February 26, and present them below.

5 issues in the news that should matter to you today

1. Nigeria’s W’Bank debt may hit $9.2bn as FG eyes six loans: The federal government is set to secure six new loans totalling $2.23 billion from the World Bank in 2025 as the international financial institution continues to support the country’s economic and structural reforms.

Data from the World Bank’s official website indicates that this will bring Nigeria’s total approved loans to $9.25bn over three years, reflecting a growing reliance on multilateral funding to support critical sectors of the economy, including infrastructure, healthcare, education, and economic resilience.

2. Kalu seeks posthumous recognition for Abiola as ex-president: The senator representing Abia North in the National Assembly, Orji Uzor Kalu, has urged President Bola Ahmed Tinubu to posthumously declare the late Basorun Moshood Abiola, a former president, the winner of the June 12, 1993, presidential election.

Kalu said Abiola’s portrait should also be hung among the portraits of Nigeria’s past presidents.

3. DStv, GOtv introduce loyalty benefits to cushion price hike: In response to the recent tariff adjustments, MultiChoice Nigeria has introduced a support package aimed at easing the financial burden on DStv and GOtv subscribers. 

To mitigate the impact of the price hike, customers who renew their subscriptions before expiry will continue paying the old rates for a specified period as a reward for their loyalty.

4. Why INEC vote count can’t be accurate, says Jonathan: On Tuesday, February 25, Former President Goodluck Jonathan said that the nation was not getting accurate vote counts during elections due to the involvement of those he described as ‘ghost voters.’

He also said it is better and more honourable for the chairman and other officials of the Independent National Electoral Commission to resign rather than yield to pressure to manipulate elections.

5. One-third of Elon Musk’s DOGE staff resign in protest: Roughly a third of staffers at Elon Musk’s Department of Government Efficiency have resigned in protest, saying that they will not push through demanded changes that put the country at risk.

“We swore to serve the American people and uphold our oath to the Constitution across presidential administrations,” 21 staffers of DOGE wrote in a letter to White House chief of staff Susan Wiles.