Author: Ogooluwa Aremu

NBS Says Petrol Increased to N1,288.54 Per Litre in March The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol witnessed an increase from N1,051.47 in February to N1,288.54 in March. The NBS said this in its Premium Motor Spirit (Petrol) Price Watch for March, released in Abuja on Tuesday. It said that the March price of N1,288.54  represented a 22.55  per cent increase over the price of N1,051.47  recorded in February. The report said that the average retail price of petrol also increased on a year-on-year basis from N1,261.65  recorded in March 2025…

U.S. President Donald Trump is not satisfied with Iran’s latest peace proposal, which seeks to reopen the Strait of Hormuz and end the U.S. naval blockade of Iran’s ports, U.S. media reported, citing several White House officials.

2027: NNPP Fixes May 26 for Primaries for All Elective Positions New Nigeria People’s Party (NNPP) has fixed May 26 for its primaries for all elective positions ahead of the 2027 general elections. The elective positions include the House of Assembly, the governorship, the National Assembly and the presidency. The NNPP National Publicity Secretary, Ladipo Johnson, in a statement on Monday in Abuja, said that the party would adopt the consensus mode of election in all wards across the country. Johnson said that the date had already been communicated to the Independent National Electoral Commission (INEC). He also disclosed that…

Emefiele Asks Court to Foreclose Prosecution if it Fails to Produce Witnesses A former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged an Abuja High Court to foreclose the prosecution in his ongoing trial if the EFCC fails to produce its witnesses on Tuesday. Emefiele’s counsel, Matthew Burkaa SAN, made the application for the foreclosure of the prosecution after the prosecution counsel, Rotimi Oyedepo SAN, told the court that he was not sure of bringing his two witnesses on Tuesday. Oyedepo informed the court that the prosecution is yet to obtain the subpoena from the court,…

AfCFTA: Nigeria Targets Value-Added Exports, Deeper Intra-African Trade The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has reaffirmed Nigeria’s commitment to leveraging the African Continental Free Trade Area (AfCFTA) to expand value-added exports and deepen intra-African trade. The minister made this known at the AfCFTA P3 Sub-national Engagement for the North-West geopolitical zone in Kano, on Monday. Oduwole said Nigeria’s participation in the Agreement was both strategic and imperative, noting that the country had recorded measurable progress since ratifying AfCFTA in 2020. She highlighted key milestones, including the inauguration of the AfCFTA Central Coordination Committee, gazetting of tariff…

The euro (EURUSD) climbed to $1.17 on Monday as the US dollar rally slowed amid a new proposal from Iran that could end the Middle East war, while markets awaited economic data releases.

XRP Price About to Wake Up As Institutions Move Treasury Debt Via XRPL, Varntix Onboards Thousands Fresh momentum is building around XRP as institutions start moving real capital onto the XRP Ledger. More than $333 million in U.S. Treasury debt has already been tokenised, showing a shift from speculation to real-world use. While XRP is focused on long-term institutional adoption, Varntix is getting attention in a different way by onboarding thousands of users and turning idle crypto into regular income. In a market where future potential isn’t always enough, Varntix is positioning itself as a simple way to earn more…

The African Development Bank (AfDB) says Africa can mobilise up to 1.43 trillion dollars annually from domestic resources with the right policy and institutional reforms.

The Federation Account Allocation Committee (FAAC), has shared N2.036 trillion among the Federal Government, states and the Local Government Councils (LGCs).

Oil Dispute: Court Dismisses Suit against Petroleum Minister, Others The Federal High Court in Abuja on Monday dismissed a suit filed against the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, challenging the proposed allocation of four oil fields. Justice Emeka Nwite, in a ruling on the preliminary objections filed by the defence, held that the suit was incompetent. Justice Nwite held that the plaintiffs, having failed to serve the defendants with a valid pre-action notice in compliance with Section 308 of the Petroleum Industry Act (PIA), 2021, robbed the court off the jurisdiction to hear the suit. He…