A fresh political storm is brewing in Rivers State as former governor and Minister of the Federal Capital Territory, Nyesom Wike, has reportedly withdrawn his support for incumbent Governor Siminalayi Fubara and thrown his weight behind a new preferred candidate, Alabo, ahead of the next gubernatorial race. The development, which has sent shockwaves across the…
By Seun Ibiyemi The Aviation Ground Handlers Association of Nigeria (AGHAN) has issued a final 72-hour ultimatum to the Airline Operators of Nigeria (AON), warning of a nationwide withdrawal of ground handling services over unresolved financial disputes. The association stated that unless immediate settlement of outstanding debts is reached, all ground handling operations will be…
By Seun Ibiyemi The Nigerian naira recorded a relatively stable performance on Monday, reflecting improved liquidity conditions and continued policy interventions by monetary authorities to stabilise the foreign exchange market. At the official window, the local currency traded within a narrow range against the U.S. dollar, signaling a degree of market confidence as supply conditions…
By Seun Ibiyemi The Debt Management Office (DMO) has opened subscriptions for the May 2026 Federal Government (FGN) Savings Bonds, offering Nigerians investment opportunities with returns of up to 14.525 per cent per annum. The offer, announced on behalf of the Federal Government of Nigeria, runs from May 4 to May 8, 2026, with settlement…
By Seun Ibiyemi The former Nigerian Minister of Education, Oby Ezekwesili, has issued a scathing public memo to President Bola Ahmed Tinubu, sharply criticizing his foreign tour to France, Kenya, and Rwanda amidst wave of xenophobic attacks targeting Nigerian citizens in South Africa. Ezekwesili labeled the President’s absence as a “total absence of leadership,” urging…
By Seun Ibiyemi The Sea and Empowerment Research Centre (SEREC) has called for the entrenchment of a sustained professional governance structure in the Nigeria Customs Service to prevent institutional regression and preserve ongoing reforms. The call was made in an executive brief issued in Abuja by SEREC’s Head of Research, Eugene Nweke, who noted that…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with two Chinese firms to support the restart and expansion of the Warri and Port Harcourt refineries. The agreement, reached with Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, is aimed…
By Seun Ibiyemi The Lagos State Waterways Authority (LASWA), in partnership with Interferry, has launched Africa’s first Ferry Safety Development and Mentoring Programme, a pioneering initiative aimed at improving safety standards, operational efficiency, and professionalism within the ferry transport sector. Interferry, a global ferry association with consultative status at the International Maritime Organization, is supporting…
By Seun Ibiyemi Coinage Fund Management Ltd (“Coinage Fund”), an Africa-focused investment management firm, has received approval from the Securities and Exchange Commission (SEC) Nigeria to operate as a Fund/Portfolio Manager, marking a major milestone in its drive to expand access to professional wealth management services across Nigeria and Africa. The regulatory approval authorises the…
By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has condemned the increasing attacks on its train services along the Abuja–Kaduna rail corridor by suspected vandals and criminal elements, warning that the trend poses serious risks to passengers, personnel, and critical infrastructure. The corporation disclosed that the latest incident occurred around Kilometer 177 on the corridor,…
