By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced stricter enforcement of statutory requirements governing indigenous participation in Nigeria’s Cabotage trade and maritime activities. The agency said the move was aimed at ensuring that maritime jobs and business opportunities reserved for Nigerians are not outsourced to foreign operators. The new enforcement…
…Directs security chiefs to intensify operations President Bola Ahmed Tinubu has ordered the immediate launch of a coordinated rescue operation to secure the release of victims of the recent mass abduction in Niger State. The President directed the Armed Forces, Nigeria Police Force, Department of State Services and other relevant security and intelligence agencies to…
Crude oil imports by domestic refineries surged by 151.5 per cent to 5.13 million barrels in July 2026, as local crude supplies to refiners declined sharply, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The increase in imported crude came as domestic refineries received significantly less crude from Nigerian producers…
Zenith Bank Plc has called for a shift from the export of raw commodities to value-added products as Nigeria seeks to increase earnings from the non-oil sector and strengthen its position in global and African markets. The bank made the call at the 10th edition of its International Trade Seminar on Non-Oil Export, held virtually…
By Seun Ibiyemi Operatives of the Ogun State Police Command have uncovered an alleged baby factory in Abaren Village, Mowe, rescuing two pregnant women and four children while arresting six suspects. The operation was conducted on Monday, August 24, by officers attached to the Mowe Divisional Police Headquarters following intelligence on alleged human trafficking and…
The All Progressives Congress (APC) has challenged the attempts by former Vice-President Atiku Abubakar, former Anambra State Governor Peter Obi and former Kano State Governor Rabiu Kwankwaso to portray themselves as alternatives to Nigeria’s political establishment ahead of the 2027 general elections. The APC National Publicity Secretary, Felix Morka, said the political records of the…
The Federal Government has raised N7.62 trillion through the domestic bond market in the first eight months of 2026, highlighting its growing dependence on local borrowing to meet rising fiscal financing needs. The funds were mobilised through eight Federal Government of Nigeria bond auctions conducted by the Debt Management Office (DMO) between January and August….
By Seun Ibiyemi Presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has reaffirmed his commitment to restoring petrol subsidy if elected president in 2027, saying the proposed intervention will be targeted at domestic refining rather than a return to the former import-driven subsidy regime. Atiku made the clarification on Tuesday while receiving the…
By Seun Ibiyemi The Independent Media and Policy Initiative (IMPI) has warned that former Vice President Atiku Abubakar’s proposal to restore petrol subsidy could undermine investor confidence and reverse gains made from deregulating Nigeria’s downstream petroleum sector. The policy think-tank said the proposal could send a negative signal to local and international investors by suggesting…
By Seun Ibiyemi The Dangote Petroleum Refinery and Petrochemicals FZE has increased the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,185 to N1,200 per litre. The latest adjustment, which took effect on Wednesday, August 26, 2026, represents a N15 increase per litre and is the second price hike by the…
