Author: Ogochukwu Ndubuisi

Petrol Prices to Crash Further – FERMA Boss Dr Musa Babayo, Board Chairman, Federal Road Maintenance Agency (FERMA), says prices of petrol will crash further driven by the economic reforms of President Bola Tinubu’s administration. He said this in Bauchi on Monday at the inauguration of a three-day 1st International Conference with the theme: “Remodeling the Economy for Sustainable Development.” The conference is being organised by the Academic Staff Union of Polytechnic (ASUP), Abubakar Tatari Ali Polytechnic, Bauchi. Babayo said that going by the Tinubu’s economic reform programmes and the performance of other economic sectors, Nigerians would also experience a…

Equity Investors Gain N3bn as NGX Records Soft Rally The Nigerian Exchange (NGX) key indicators climbed slightly, gained about N3 billion due to soft rally as investors digest sustained disinflation conditions across the equity, and fixed income markets. The Nigerian equity market opened the new trading week flat, as key market performance indicators recorded a marginal gain. Specifically, the market index, or All-Share Index, added 4.62 basis points in today’s trading session, representing a 0.003% increase to close at 149,437.88. The market capitalisation of all listed stocks in the local bourse also gained ₦2.94 billion, representing a growth of 0.003%,…

Sagecom: Supreme Court Rules in Favour of Fidelity Bank Supreme court ruling over a legacy case between Fidelity Bank and Sagecom Concept Limited ended positive for the Nigerian lender following an appeal. A five-man panel of the Supreme Court, led by Justice Lawal Garba, on Friday, ruled in favour of Fidelity Bank Plc, reducing judgments debt burden significantly. Given the earlier rulings, this is a major victory for Fidelity Bank in the long-running legal battle. The ruling has, however, brought definitive closure to a legacy case that has drawn significant attention across the financial sector for more than two decades.…

Lagos Hosts Food Festival to Foster Growth across Agric. Value Chain The Lagos State Government has hosted the 5th edition of the annual Food Festival to foster growth across the various food spaces and the entire agro value chain. The event hosted by the State Ministry of Agriculture and Food Systems, held at the Muri Okunola Park, Victoria Island Lagos on Sunday. The event had in attendance food vendors and caterers across the Lagos agric space. In his address, the Lagos state Governor, Babajide Sanwo-Olu, commended the ministry’s effort to ensure all within the agriculture space thrive. “You have all…

Edo Reviews Radisson Hotel Deal Amid ₦385m Monthly Debt The Edo government says it is servicing a ₦385 million monthly Irrevocable Standing Payment Order for the Radisson Hotel project. The Commissioner for Information and Strategy, Mr Kassim Afegbua, disclosed this on Sunday in Benin. Afegbua said the obligation stems from a ₦25 billion capital market facility secured by the previous administration. He noted that the liability has prompted a comprehensive review of the transaction and its underlying agreements. According to him, Edo continues to bear the debt burden despite emerging concerns over the project’s equity arrangement. He expressed concern that…

ADC Urges Transparency in Nigeria–France Digital Tax Deal African Democratic Congress (ADC) on Sunday called for transparency in the Nigeria-France digital tax agreement. The party’s National Publicity Secretary, Mallam Bolaji Abdullahi, in a statement issued in Abuja on Sunday, expressed concern over the agreement. The Federal Inland Revenue Service (FIRS) had recently signed a landmark cooperation pact with France. The agreement, FIRS said, was aimed at modernising Nigeria’s tax administration through digital transformation, capacity development and improved cross-border enforcement. The agreement came barely weeks before the FIRS formal transition into Nigeria Revenue Service by January 2026. FIRS Chairman, Dr Zacch…

Increasing Defections to APC: Tinubu is on Right Course Senior Special Assistant to the President on Print Media, Abdulaziz Abdulaziz, said the increasing number of politicians switching to the All Progressives Congress (APC) showed confidence in President Bola Tinubu’s leadership and the direction of his administration. Abdulaziz disclosed this when he addressed a mammoth crowd of APC supporters at a rally in Fagge, on Sunday in Kano. Abdulaziz said the president’s inclusive style had attracted members from across party lines and geopolitical zones. “There is no party in Nigeria today that symbolises unity like the APC,” he declared. Abdulaziz stated that several…

Insurance Recapitalisation Closes Solvency Gaps, Deepens Stability The insurance industry is addressing long-standing solvency and capacity gaps through phased recapitalisation, a reform designed to strengthen underwriting capacity, restore public confidence and support broader economic growth. Operators say the Nigerian Insurance Industry Reform Act (NIIRA) 2025 provides a gradual transition that enables insurers to build capital sustainably, improve governance, enhance risk absorption and better protect policyholders. NIIRA 2025, enacted to support Nigeria’s ambition of building a one-trillion dollar economy, seeks to reposition the insurance sector for resilience, competitiveness and increased contribution to national development. Under the Act, minimum capital requirements have…

Osun 2026: Adeleke ‘s Emergence Remains Valid, Says S’West Accord Key stakeholders of Accord party in South-West zone on Sunday reaffirmed the candidacy of Gov. Ademola Adeleke for the 2026 gubernatorial election in Osun. The stakeholders stated this in a communique issued at the end of their emergency meeting on Sunday in Ibadan. The communique was read by the party’s National Vice-Chairman, South-West, Mr Paul Igbinsola. They insisted that the governorship primary that produced Adeleke on Wednesday in Osogbo remained valid. The communique said that the two warring factions under the national leadership of Rev’d John Adeniyi and Nduibem Maxwell…

Tinubu Increases CCB Budget From N3bn to N20bn President Bola Tinubu has approved a massive increase in the Code of Conduct Bureau (CCB)’ budget from about N3 billion to nearly N20 billion. The Chairman of the Code of Conduct Bureau (CCB) Dr Abdullahi Bello disclosed this in an interview with the News men on Sunday in Abuja. Bello said the increase was to overhaul the nation’s outdated asset declaration system, strengthen verification and enforcement to make the bureau more virile. He added that the budget increase was necessary to fund technological upgrades, improve the bureau’s working environment and strengthen verification…