By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has called on Bola Tinubu to direct an investigation into the N5.9 billion reportedly spent on the rebranding of the Nigerian National Petroleum Corporation (NNPC) to the Nigerian National Petroleum Company Limited (NNPCL). The call was disclosed in a statement shared on the organisation’s account…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has called on businesses and government to adopt urgent measures to mitigate the impact of escalating energy costs on Nigeria’s economy, warning that the trend could threaten the sustainability of many small and medium enterprises. In an advisory note titled “Mitigating the Impact…
By Seun Ibiyemi The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dayo Mobereola, has reaffirmed the agency’s commitment to promoting greater participation of women in Nigeria’s maritime sector, stressing that sustainable growth in the industry requires the active contributions of both men and women. Mobereola made the statement while delivering the keynote…
..As reforms raise capital inflows by 200% By Seun Ibiyemi The Central Bank of Nigeria Governor, Olayemi Cardoso has said reforms in Nigeria’s foreign exchange (FX) market have significantly improved liquidity, restored investor confidence, and stabilised the Naira. Cardoso made the remarks on Thursday in Lagos while delivering a distinguished Alumni Lecture at St. Gregory’s…
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…
