Author: Ogochukwu Ndubuisi

Amaechi Faults Tinubu’s Fuel Subsidy Removal ‌‍⁠‌‍⁠‍‌⁠‌Mr Rotimi Amaechi, vice presidential candidate of the African Democratic Congress (ADC), has criticised President Bola Tinubu’s handling of fuel subsidy removal, citing its impact on Nigerians. Amaechi, a former Minister of Transportation and Rivers governor, spoke on Saturday at a town hall meeting in Calabar. He said the government should have consulted economists, political scientists and other stakeholders before implementing the policy. The former minister argued that adequate measures should have been introduced to cushion the effects of subsidy removal on Nigerians. According to him, courage in policymaking must be balanced with…

Makinde Pledges Inclusive Governance, Promises to Tackle Insecurity, Poverty Seyi Makinde, the Allied People’s Movement (APM) presidential candidate, has pledged inclusive governance and reforms to tackle insecurity, poverty and other national challenges if elected in 2027. Makinde, the Oyo State governor, pledged at the APM North-East Town Hall meeting in Yola on Saturday.  He said his administration would put Nigeria on the right track and improve citizens’ lives through reforms across various sectors. He said power-sharing under his administration would not favour any particular part of the country.  Makinde explained that he deliberately delayed releasing his manifesto, as he…

Niger Delta Group Endorses Tinubu, Seeks 25% Oil Derivation Fund The Niger Delta Progressives Alliance (NDPA) has endorsed President Bola Tinubu for a second term, demanding an increase in the oil derivation fund from 13 per cent to 25 per cent. ‌‍ ‌⁠ ‍ The group announced its position on Saturday at a stakeholders’ meeting in Yenagoa, tagged ‘Nigeria at 66: The Legacy of Bold Reforms’. The meeting’s theme was ‘Evaluative Overview of the Tinubu Reforms in Three Years in Relation to the Quest for Sustainable Development for Niger Deltans’. Mr Victor Udoh, the group’s convener, said the Tinubu…

The Nigerian Bulk Electricity Trading (NBET) says it has begun settling legacy debts…

UN Cuts Global Growth Outlook to 2.6%   ‌⁠‌‍⁠‍The United Nations has projected global economic growth of 2.6 per cent in 2026, warning that widening technological and financial inequalities threaten development prospects in poorer countries.  UN Trade and Development disclosed this on Friday in its flagship Trade and Development Report 2026, released in Geneva. The agency said global growth was expected to decline from 2.9 per cent in 2025, while developing economies would experience a sharper slowdown. It projected economic expansion in developing countries at four per cent, compared with 4.7 per cent recorded in 2025. UNCTAD attributed the weakening…

2027 election ‌‍⁠‌‍⁠⁠‍‌‍‍‌⁠⁠‌a rescue mission for Nigerians, says Atiku Former Vice-President Atiku Abubakar has described the 2027 general election as a rescue mission for Nigerians, urging voters to support the African Democratic Congress (ADC). Atiku, the presidential candidate of the ADC, made the call during the inauguration of the party’s presidential campaign Council (ADC-PCC) on Friday in Abuja. He said the election was a rescue mission, urging Nigerians to participate by voting for candidates capable of improving their welfare and making life affordable again. “As members of this esteemed Campaign Council, we must make this choice clear to Nigerians: the…

Lagos Assembly Sets up Committee to Recover Government Assets The Lagos State House of Assembly has constituted an eight-member ad hoc committee to identify, document, and facilitate the recovery of government-owned assets.  The committee is also mandated to establish the status of documented and undocumented properties and other assets belonging to the state government. The committee’s Chairman, Mr Obafemi Saheed, said on Friday that the exercise was part of the Assembly’s oversight responsibilities to promote accountability and ensure prudent management of public resources. Saheed said the committee would scrutinise government expenditure, monitor the utilisation of public funds and ensure…

Russia-Iran Trade Grows 21% in 2025, Says Putin Trade between Russia and Iran grew by more than 21 per cent in 2025, with positive growth continuing in the first seven months of 2026, Russian President Vladimir Putin has said. Putin said this during a meeting with Iranian President Masoud Pezeshkian in Turkmenbashi, where the leaders discussed bilateral cooperation under their strategic partnership agreement. He said the agreement, signed in early 2025, provided a framework for expanding cooperation across various sectors and strengthening economic ties between the two countries. Putin also highlighted growing humanitarian ties, including cultural exchanges and other…

NNPC Ltd. Extends Fuel Discount Promotion by One Week The Nigerian National Petroleum Company Limited (NNPC Ltd.) has extended its N66 discount promotion on Premium Motor Spirit (PMS) by one week, with Automotive Gas Oil (AGO) now included in the offer at its retail outlets. The company announced the extension in a promotional notice on X, urging customers to visit participating stations to benefit from the discount. Recall that the company had unveiled on X a nationwide N66 fuel discount promotion to run from Oct. 1 to Oct. 7 as part of activities marking the 66th independence. According to the…

NAICOM Warns Insurers Against Keeping Recapitalised Funds Idle  The National Insurance Commission (NAICOM) has urged insurance companies to deploy their recapitalised funds effectively to strengthen operations, improve claims settlement and deepen insurance penetration.  Mr Olusegun Omosehin, Commissioner for Insurance and Chief Executive Officer of NAICOM, made the call at the 11th Annual Conference of the Nigerian Association of Insurance and Pension Editors (NAIPE) on Thursday evening. The conference which held in Lagos had the theme: “Post-Recapitalisation Market Dynamics in Insurance and Pension Sectors”. Omosehin said recapitalisation would only achieve its objectives if insurers deployed the additional capital to create sustainable…