President and Chief Executive Officer of the Dangote Group, Aliko Dangote, has announced plans to revive and transform the Olokola Free Trade Zone (OKFTZ) in Ondo State into the largest industrial free trade zone in Nigeria. Dangote made the announcement on Monday during a courtesy visit to Lucky Aiyedatiwa in Akure, where he revealed that…
By Seun Ibiyemi The Federation Account Allocation Committee (FAAC) has distributed a total of N2.257 trillion among the Federal Government, state governments and local government councils as revenue allocation for April 2026. The disclosure was made by the Director of Press and Public Relations in the Office of the Auditor-General of the Federation (OAGF), Mr….
… As CPPE blames Middle East tensions for rise in May inflation By Seun Ibiyemi The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate rose to 15.93 per cent in May. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for May released in Abuja on Monday. The report…
By Seun Ibiyemi The Manufacturers Association of Nigeria (MAN) has called on the Federal Government and the National Environmental Standards and Regulations Enforcement Agency (NESREA) to suspend the proposed ban on single-use plastics below 80 microns, warning that the policy could trigger widespread economic disruptions, job losses, and increased production costs across the country. This…
The Ogun State chapter of the All Progressives Congress (APC) has announced Mrs Kudirat Abiodun Balogun (née Adegunwa) as its deputy governorship candidate for the 2027 general elections. She will run alongside the party’s governorship candidate, Senator Solomon Olamilekan Adeola, as the APC intensifies preparations ahead of the forthcoming polls in the state. Governor Dapo…
…Arrest 4 suspects in Lagos-Ogun wildlife bust By Seun Ibiyemi The Nigeria Customs Service (NCS) Federal Operations Unit Zone ‘A’, in collaboration with the National Environmental Standards and Regulations Enforcement Agency (NESREA) and the Wildlife Justice Commission (WJC), has recorded a major breakthrough in its fight against illegal wildlife trafficking with the interception of 22…
Expectations of a diplomatic breakthrough between the United States and Iran have sparked optimism over a possible reduction in fuel prices in Nigeria, with indications that the Dangote Refinery may lower its ex-gantry prices for petrol and diesel if the recent decline in global crude oil prices is sustained. The positive outlook follows reports of…
…as 98 violent incidents rock Nigeria in one week By Seun Ibiyemi The Federal Government spent ₦57.78 billion on security-related projects and operations between January and April 2026, representing a 127.97 per cent increase from the ₦25.35 billion recorded during the same period in 2025, even as insecurity continues to worsen across the country. Data…
By Seun Ibiyemi President Bola Ahmed Tinubu has warned terrorists, bandits, kidnappers and their sponsors to surrender immediately or face decisive military action, declaring that the Federal Government’s offer of surrender “will not remain open forever.” The President issued the warning while reacting to the death of retired Major-General Rabe Abubakar, who died while being…
By Seun Ibiyemi Wema Bank Plc has recorded a strong financial performance for the first half of 2026, posting a profit before tax (PBT) of ₦72.57 billion, driven largely by a significant increase in interest income and sustained growth in its core banking operations. According to the bank’s half-year financial results submitted to the Nigerian…
