Business

5% fuel surcharge will not begin in January 2026 – FG

Promise Eze 7 September 2025 0

The Federal Government has clarified that the proposed 5% surcharge on fuel will not take effect automatically in January 2026. This follows concerns raised following the signing of the Harmonised Tax Act into law. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax

Business

NUPENG battles Dangote over alleged anti-union practices, monopoly

Promise Eze 6 September 2025 0

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has accused billionaire businessman Aliko Dangote of pursuing what it described as an anti-union agenda in the country’s oil and gas sector. This was contained in a joint statement issued on Friday in Abuja by Williams Akporeha, the union’s National Executive President. The union alleged […]

Crime

Police rescue three children from suspected child trafficker in Nasarawa

Promise Eze 6 September 2025 0

Operatives of the Nasarawa State Police Command have foiled an attempted trafficking of three children in the Mararaba area of Karu Local Government Area of the state. The rescue followed a swift intervention which led to the arrest of a suspect. Ramhan Nansel, the command’s Public Relations Officer, made the disclosure in a statement on […]

News

Enugu govt accuses real estate developer Sujimoto of N5.7 billion fraud

Promise Eze 6 September 2025 0

The Enugu State Government has accused Olasijibomi Ogundele, Chief Executive Officer of Sujimoto Luxury Construction Limited, of defrauding the state of nearly N6 billion. The money was meant for the construction of 22 Smart Green Schools across different parts of the state. In a statement issued on Friday, Malachy Agbo, the Commissioner for Information and […]

Politics

Abia govt dismisses six justice ministry officers over salary fraud

Promise Eze 5 September 2025 0

The Abia State Government has dismissed six officers of the Ministry of Justice for salary fraud. This was after an internal audit and administrative inquiry found that they manipulated payroll systems to receive excess salaries. Punch reports that the dismissals are contained in a statement signed on Thursday by Eno Eze, the Chairman of the […]

Business

FG denies ordering hike in CNG pump prices

Promise Eze 5 September 2025 0

The Federal Government has clarified that it did not direct operators in the Compressed Natural Gas (CNG) sector to increase pump prices, saying recent adjustments were decisions made by private players. The Presidential Initiative on Compressed Natural Gas (Pi-CNG) made this known in a statement signed in Abuja on Thursday by Matilda Johnson, its Brand […]

News

“It is a lie that I spent N100bn” – Hadi Sirika defends failed Nigeria Air project

Promise Eze 3 September 2025 0

Hadi Sirika, a former aviation minister, has denied allegations that he mismanaged funds in the controversial Nigeria Air project. Speaking on Channels Television’s Morning Brief on Tuesday, Sirika insisted that the initiative was conceived with “good intentions” and followed due process. “It is a lie that I spent N100 billion and it is lost in […]

News

Lagos marks Blue Line’s two years anniversary with 50% fare Cut

Promise Eze 3 September 2025 0

The Lagos state government has announced a 50 percent discount on fares for passengers using the Blue Line on Thursday, September 4. Babajide Sanwo-Olu, Lagos state governor, disclosed the move on Wednesday through his official X account. The governor said the gesture is to celebrate the second anniversary of the Blue Line, which has carried […]

Business

S&P Global: Dangote Refinery delivers first petrol cargo to United States

Promise Eze 3 September 2025 0

Dangote Refinery has made its first-ever gasoline shipment to the United States, according to a report by S&P Global, a market intelligence firm. According to the firm, this marks a new milestone for the refinery, demonstrating its growing influence beyond Africa. The shipment, comprising 300,000 barrels of gasoline, departed Nigeria on August 26 and is expected […]

Business

Tinubu: Nigeria won’t need to borrow after reaching 2025 revenue target

Promise Eze 3 September 2025 0

Bola Tinubu, Nigeria’s president, announced on Tuesday that the country has achieved its 2025 revenue target by August, a development he says will eliminate the need for future borrowing. Tinubu made this claim during a meeting at the Presidential Villa with founding members of the defunct Congress for Progressive Change (CPC) and The Buhari Organisation, […]

News

Tinubu reverses new NTA appointments, recalls sacked executives

Promise Eze 2 September 2025 0

President Bola Ahmed Tinubu has withdrawn the recently announced management changes at the Nigerian Television Authority (NTA). He reinstated Salihu Abdullahi Dembos, Director-General; and Ayo Adewuyi, Executive Director of News Ayo Adewuyi to complete their tenures. The reversal was confirmed on Tuesday in a statement by Bayo Onanuga, Tinubu’s Special Adviser on

Business

SBM Report: Tier-2 banks show resilience ahead of CBN’s 2026 recapitalisation deadlin

Promise Eze 2 September 2025 0

SBM Intelligence has released a new report analysing the financial health of Nigeria’s Tier-2 banks, showing resilience in the face of economic headwinds and a major regulatory shake-up. The report, “Capital, Competition, and Consolidation”, benchmarks the performance of mid-tier banks, such as FCMB, Fidelity, Stanbic IBTC, Sterling, and Wema, against the

News

Rivers administrator swears in LG chairmen, urges selfless service

Promise Eze 2 September 2025 0

Ibok-Ete Ibas, the administrator of Rivers state, has charged the 23 newly elected local government council chairmen to prioritise selfless service and grassroots development. He gave the charge while speaking during the swearing-in ceremony at the Government House, Port Harcourt, on Monday. Ibas urged the chairmen to reject self-interest and embrace transparent,

News

Nigerian embassies struggling to pay rent, salaries, says foreign affairs ministry

Promise Eze 2 September 2025 0

The Ministry of Foreign Affairs has confirmed that several Nigerian diplomatic and consular missions abroad are facing financial strain, including unpaid rent, salary arrears, and other obligations. In a statement on Monday, September 1, Kimiebi Imomotimi Ebienfa, the ministry’s spokesperson, said years of budget shortfalls and the country’s wider economic difficulties had

Business

SEC unveils redesigned website to boost transparency, investor access

Promise Eze 2 September 2025 0

The Securities and Exchange Commission (SEC) has launched its newly redesigned official website on September 1. In a statement on Monday, the SEC said the upgrade introduces a modern design, enhanced functionality, and a streamlined user experience aimed at investors, market operators, and the general public. The key features include a sleek, mobile-responsive design,

Business

Dangote refinery boosts exports as Middle East refineries shut for maintenance

Promise Eze 2 September 2025 0

The Dangote Petroleum Refinery is expanding its reach in the international market, exporting more fuel to Saudi Arabia and other Gulf countries in the Middle East as several refineries undergo maintenance. This was revealed in a report by Argus Media, an independent energy and commodity intelligence firm. The report noted that a “heavy refinery turnaround […]

News

Report: CNG prices could rise to N520 to make gas stations profitable

Promise Eze 2 September 2025 0

Compressed natural gas CNG in Nigeria may need to cost around N520 per standard cubic metre (SCM) to make gas stations and related infrastructure financially sustainable, according to a Naira Metrics report. In the report titled ‘Nigeria’s gas future: CNG retail may hit N520/SCM to ensure commercial viability’, experts cited by Nairametrics said that CNG […]

News

IPOB denies ties to Ekpa, warns govt against using conviction to mask Kanu trial

Promise Eze 1 September 2025 0

The Indigenous People of Biafra (IPOB) has distanced itself from Simon Ekpa. It also warned the federal government against linking his conviction in Finland to the ongoing trial of its detained leader, Nnamdi Kanu. In a statement on Monday, Emma Powerful, IPOB’s spokesperson, accused the federal government of using Ekpa’s conviction as a “smokescreen campaign” […]

News

Indonesia offers $1.3m maritime scholarship to boost seafarers’ competence in West, Central Africa

Promise Eze 1 September 2025 0

The government of Indonesia has approved maritime training scholarships worth $1.3 million for the Maritime Organisation of West and Central Africa (MOWCA). The fund will support the training of 96 persons in two separate programmes. Paul Adalikwu, secretary-general of MOWCA, confirmed the development after signing an agreement with Indonesian authorities. He said the

News

Finnish court jails Simon Ekpa for six years on terrorism charges

Promise Eze 1 September 2025 0

The Päijät-Häme District Court in Finland has sentenced Simon Ekpa, a Nigerian-Finnish separatist agitator, to six years in prison on terrorism and tax fraud charges, Finnish media Yle News reports. According to the court, between 2021 and 2024, Ekpa used his social media platforms to incite violence in Nigeria’s southeast region. It also stated that […]