By Seun Ibiyemi The Federal Competition and Consumer Protection Commission (FCCPC) says it has concluded investigations into the high airfares charged by airlines during the 2025 Yuletide period and may mandate operators to refund passengers for excess charges. The Executive Vice Chairman of the commission, Tunji Bello, disclosed this while briefing State House correspondents on…
By Yinka Oduntan The Police Service Commission has approved the promotion of 13 Commissioners of Police (CPs) to the rank of Assistant Inspectors-General of Police (AIGs) and 17 Deputy Commissioners of Police (DCPs) to the rank of Commissioners of Police. The Head of Protocol and Public Affairs of the commission, Torty Kalu, disclosed this in…
By Adeyemi David A former Governor of Sokoto State, Aminu Waziri Tambuwal, has said his decision to leave the Peoples Democratic Party was driven by the lingering crisis within the party and what he described as a calculated move to weaken opposition forces ahead of the 2027 presidential election. Tambuwal, who now represents Sokoto South…
By Seun Ibiyemi The Nigerian stock market rebounded on Thursday after two consecutive sessions of decline, with investors gaining about N648 billion in market value amid renewed buying interest in key equities. Market capitalisation rose from N125.750 trillion to N126.398 trillion, representing a 0.52 per cent increase equivalent to N648 billion. Similarly, the benchmark index…
By Seun Ibiyemi The Nigerian naira recorded a modest gain against the United States dollar at the official foreign exchange market on Thursday, reflecting improved liquidity and renewed intervention by monetary authorities. Data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira closed at about ₦1,373.5 per dollar, strengthening slightly from the previous…
The Association of African Automotive Journalists (AAAJ) has commended Nigeria’s President, Bola Ahmed Tinubu, for directing the immediate rollout of 100,000 Compressed Natural Gas (CNG) conversion kits across the country to cushion the impact of rising petrol prices on commuters and private vehicle owners. AAAJ made up top automotive journalists in Africa described the presidential…
By Seun Ibiyemi The Acting Customs Area Controller of the Oyo/Osun Area Command of the Nigeria Customs Service, Deputy Comptroller Wale Adewole, on Thursday paid courtesy visits to the palaces of the Aseyin of Iseyin, Sefiu Olawale Oyebola Adeyeri III, and the Soun of Ogbomosho, Ghandi Olaoye, as part of efforts to strengthen collaboration with…
By Yinka Oduntan The President of the United States, Donald Trump, has announced plans to release crude oil from the country’s strategic petroleum reserves in a bid to stabilise rapidly rising global oil prices. Trump made the disclosure during an interview with Local 12 news station on Wednesday, stating that the move was aimed at…
By Seun Ibiyemi Nigeria spent a total of $5.21 billion on servicing external debt in 2025, accounting for more than 72 per cent of the country’s total international payments, according to data released by the Central Bank of Nigeria (CBN). Figures published on the apex bank’s website show that external debt service payments rose from…
By Seun Ibiyemi The Nigerian naira appreciated further at the official foreign exchange market on Wednesday, closing at N1,376.19 to the United States dollar, according to data released by the Central Bank of Nigeria (CBN). Figures published on the CBN’s website showed that the local currency gained N25.20 against the dollar at the Nigerian Autonomous…
