Morning recap: APC chairmen reject Wike’s coalition, FG seeks fresh $1.5bn World Bank loan, other top stories

Good morning. Here are today's top stories:

1. APC leaders have rejected Nyesom Wike's proposed coalition, known as the Rainbow Coalition, ahead of the 2027 general elections. The former Rivers State governor is being asked to formally join the ruling party if he truly wants President Bola Tinubu to win. While some APC state chapters support Wike's endorsement of Tinubu, others oppose the coalition, arguing that a politician cannot support the APC at the presidential level while backing candidates from other parties in other elections.

2. The Federal Government has begun talks with the World Bank for three new loans totaling $1.5 billion. The proposed financing focuses on three areas: climate resilience, social protection, and early childhood development. A $500 million loan for the Agro-Climatic Resilience in Semi-Arid Landscapes project, or ACReSAL, is the first to be considered by the World Bank, with a board decision expected by October 29, 2026.

3. The Nigeria Democratic Congress has begun registering support groups for its 2027 presidential ticket, leading to a conflict between the party and some of its supporters. The Obi-Kwankwaso Movement and the Kwankwaso groups have publicly clashed over the registration process, with the NDC warning state chapters against charging fees for registration.