By Wale Afolabi The Federal Government on Monday announced that 16 years remains the minimum age requirement for admission into tertiary institutions across the country, as part of ongoing reforms and policy reviews in the education sector. The Minister of Education, Tunji Alausa, disclosed this during the 2026 Policy Meeting on Admissions to Tertiary Institutions…
By Chika Chukwudi The long-anticipated disbursement of Nigeria’s Cabotage Vessel Financing Fund (CVFF) marks a defining moment for the nation’s maritime sector. Approved by President Bola Ahmed Tinubu GCFR, the release of the fund signals more than policy execution it reflects a strategic effort to reposition Nigeria as a formidable maritime nation by empowering indigenous…
By Seun Ibiyemi The National Bureau of Statistics (NBS) says the average retail price of Premium Motor Spirit (PMS), popularly known as petrol, rose sharply from ₦1,051.47 per litre in February to ₦1,288.54 in March 2026. The NBS disclosed this in its Petrol Price Watch for March released on Tuesday in Abuja. According to the…
By Seun Ibiyemi Nigeria recorded total capital importation of $6.44 billion in the fourth quarter of 2025, marking a 26.61 per cent increase year-on-year, according to the latest report by the National Bureau of Statistics (NBS). The figure also represents a 7.13 per cent rise from the $6.01 billion recorded in the third quarter of…
By Seun Ibiyemi The Attorney-General of the Federation and Minister of Justice, Lateef O. Fagbemi, has dismissed criticisms from the media office of former Vice-President Atiku Abubakar over the resolution of disputes surrounding the controversial OPL 245 oil block, describing the settlement as a major achievement of the current administration. In a press statement issued…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has uncovered a massive discrepancy between the declared and actual value of imported goods in 2024, revealing widespread undervaluation and non-compliance among importers. According to newly released Pre-Arrival Assessment Report (PAAR) performance data, the customs service recorded a 117.92 per cent increase in assessed values compared to…
By Seun Ibiyemi The Federal Government on Tuesday launched the first phase of the National Single Window (NSW), a digital platform designed to streamline international trade processes and tackle the persistent congestion burden on Nigerian businesses. The initiative was unveiled by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, as part…
By Seun Ibiyemi Africa’s foremost industrialist, Aliko Dangote, has cautioned that escalating tensions in the Middle East and the resulting volatility in global oil markets could have severe economic consequences for Nigeria and other African countries. Dangote gave the warning on Monday in Lagos after a courtesy visit and Eid-el-Fitr homage to President Bola Tinubu….
By Seun Ibiyemi The Director-General of the Nigeria Civil Aviation Authority (NCAA), Chris Najomo, has emphasised the importance of strong working relationships, effective communication, and dialogue among aviation stakeholders to address labour-related challenges in the sector. Najomo made the call on Monday during a workshop on Industrial Relations and Negotiation Skills held in Lagos. The…
By Seun Ibiyemi President Bola Tinubu has called on state governors to strengthen collaboration in tackling insecurity across the country, pledging increased international support to boost Nigeria’s security architecture. The President made the call on Sunday in Lagos while receiving governors who paid the traditional Eid-el-Fitr homage, led by Vice-President Kashim Shettima. Tinubu stressed that…
