By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has ordered an immediate investigation into the alleged assault of a lecturer from the University of Ibadan, Dr. Mikail Abdussalam, at the Obafemi Awolowo Train Station in Moniya, Ibadan. In a statement issued by the Managing Director and Chief Executive Officer of the corporation, Kayode Opeifa, the…
By Adeyemi David Bauchi State Governor, Bala Mohammed, and Oyo State Governor, Seyi Makinde, are set to leave the Peoples Democratic Party (PDP) before April, as the opposition party grapples with a wave of defections and an ongoing leadership crisis. A source familiar with developments told reporters that Bala Mohammed is expected to join the…
The escalating military confrontation involving Iran, the United States and Israel is sending shockwaves through global energy markets, with crude oil prices rising sharply and creating new economic pressures for countries like Nigeria. Over the past two weeks, international crude benchmarks have surged dramatically. Brent Crude, the global benchmark used to price much of the…
By Seun Ibiyemi The Nigeria Labour Congress (NLC) has raised concerns over an alleged plan by officials within the Transmission Company of Nigeria (TCN) to spend nearly ₦20 billion on electricity grid expansion projects under what it described as questionable emergency procurement arrangements. In a letter addressed to the Minister of Power, Adebayo Adelabu, the…
…Surges above $100 as Middle East conflict escalates … Fuel price changes driven by market forces – NMDPRA By Seun Ibiyemi Fresh concerns over a possible increase in petrol prices have emerged in Nigeria’s downstream petroleum sector following the suspension of loading operations at the Dangote Petroleum Refinery. The refinery has halted the loading of…
By Seun Ibiyemi The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, has said the resolution of the long-running dispute over OPL 245 will strengthen Nigeria’s economy and enhance the federal government’s fiscal capacity. Fagbemi made the remarks in Abuja following the signing of a legal agreement that formally brought the prolonged dispute…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPCL) and several independent marketers have increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, for the second time in less than 24 hours following a fresh price adjustment by the Dangote Refinery. The state-owned oil company on Sunday raised its petrol…
By Seun Ibiyemi The Eko Electricity Distribution Company (EKEDC) has announced a planned three-day power outage in the Lekki district of Lagos to allow engineers carry out network upgrade works aimed at improving electricity supply in the rapidly growing area. In a notice issued to customers, the company said the temporary disruption will affect residents…
By Seun Ibiyemi Nigeria’s currency, the naira, recorded a mixed performance across foreign exchange markets in the week ended March 7, 2026, appreciating slightly at the official window while trading relatively stable in the parallel market. At the official market monitored by the Central Bank of Nigeria, the naira closed the week around ₦1,363 per…
By Seun Ibiyemi The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, has reiterated the Service’s commitment to creating a fully paperless port environment as part of ongoing reforms aimed at improving trade facilitation and eliminating bureaucratic bottlenecks in Nigeria’s maritime sector. Adeniyi made this known on Friday during a high-level strategic meeting with the…
