Author: Akintayo Adams

The Nigerian National Petroleum Company Limited (NNPC) has announced an increase in fuel prices across its retail outlets due to rising global crude oil prices. The price of Premium Motor Spirit (PMS), commonly known as petrol, has been raised to ₦999 per litre in Abuja and Akwa Ibom State, and ₦960 per litre in Lagos. This adjustment represents an increase of ₦34 and ₦35 compared to the previous prices of ₦965 per litre in Abuja and ₦925 per litre in Lagos. The hike follows a recent ex-depot price increase by the Dangote Refinery, which now sells petrol at ₦970 per…

On his first day of his new term, President Donald Trump signed a series of executive orders addressing immigration, climate, and diversity. These actions included declaring a national emergency at the southern border, withdrawing from the Paris Climate Accord, and repealing orders promoting diversity and LGBTQ equality. Additionally, Trump pardoned over 1,500 individuals charged in the January 6 Capitol attack and initiated the process for the US to exit the World Health Organization. Here is a summary of the orders Trump signed at a Washington arena packed with supporters, and later at the White House after he was sworn in…

The coronation date for the new Aláàfin of Oyo has been announced. Oba Abímbọ́lá Ọ̀wọ̀adé will be officially crowned as the 46th Aláàfin of Oyo on Friday, April 4, 2025. This historic event will take place in the ancient town of Oyo, Oyo State, and is expected to be a grand ceremony celebrating the rich cultural heritage of the Yoruba people. Governor Seyi Makinde of Oyo State officially presented the Staff of Office to the newly appointed Aláàfin on the 13th of January. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The World Bank Group has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their Managing Director and Chief Executive Officer, Mr. Norman Bwuruk Didam. This action is due to fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project in Nigeria. “The World Bank Group today announced the 30-month debarment of two Nigeria-based companies—Viva Atlantic Limited and Technology House Limited—and their Managing Director and Chief Executive Officer, Mr. Norman Bwuruk Didam,” a statement from the bank read. “The debarment is in connection with fraudulent, collusive, and corrupt practices…

The Naira has appreciated against the dollar at the parallel foreign exchange market amid Donald Trump’s inauguration as the United States 47th president. Abubakar Alhasan, a Bureau de Change operator in Wuse Zone 4, Abuja, reported that the Naira appreciated to ₦1,665 per dollar on Monday from ₦1,680 on Friday last week, showing a gain of ₦15. Meanwhile, at the official market, the Naira fell to ₦1,550.05 against the dollar on Monday from ₦1,547.58 on Friday, a marginal depreciation of ₦2.47. Thus, the Naira gained ₦15 against the dollar at the black market but lost ₦2.47 at the official exchange…

President Donald Trump, on his first day back in the White House, dismissed four senior officials appointed by his predecessor, Joe Biden. The officials removed were Jose Andres from the President’s Council on Sports, Fitness, and Nutrition; Mark Milley from the National Infrastructure Advisory Council; Brian Hook from the Wilson Center for Scholars; and Keisha Lance Bottoms from the President’s Export Council. Trump announced these dismissals via his first post on Truth Social since his inauguration, signaling the start of significant changes under his administration. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The Association of Mobile Money & Bank Agents in Nigeria (AMMBAN) has indicated that its members may need to increase service charges. Ogungbayi Ganiyu, the National Public Relations Officer, noted that the recent 50% hike in telecommunications tariffs approved by the Federal Government will significantly impact their operations, which rely heavily on telecom services, especially data. “The telecom tariff hike will impact the operations of our members. I am afraid this may also have a multiplier effect on service charges. “We have not sat down and looked at the latest tariff hike,” he stated. Get instant and latest news updates…

President (Asíwájú) Bọ́lá Ahmed Tinúbú has approved the establishment of a Federal Polytechnic in Gwarinpa, Abuja, and named it after himself. The new institution, called Bola Ahmed Tinubu Polytechnic, aims to promote technological, vocational, and entrepreneurial training in line with the national policy on education. The Federal Government has requested the Minister of the Federal Capital Territory, Nyesom Wike, to suggest locations for the temporary and permanent sites of the polytechnic. A technical team from the Federal Ministry of Education and the National Board for Technical Education will visit the sites to review and inspect the recommended locations. Get instant…

The Taliban government has announced the release of an Afghan prisoner in exchange for American detainees. The deal, brokered by Qatar, saw Khan Mohammad, an Afghan fighter imprisoned in the United States, being released in exchange for American citizens. Mohammad had been serving a life sentence in California after being arrested nearly two decades ago in Afghanistan’s Nangarhar province. The Taliban government praised the exchange as a positive example of resolving issues through dialogue and expressed gratitude to Qatar for its effective role in the deal. This announcement comes shortly after the inauguration of US President Donald Trump, who had…

The Nigerian Communications Commission (NCC) has approved a 50% tariff hike for telecommunications companies. This decision comes in response to rising operational costs and is the first change in rates since 2013. The adjustment, capped at a maximum of 50%, is significantly lower than the over 100% proposed by some operators. The NCC emphasized that the new tariffs would remain within the limits outlined in its 2013 Cost Study and adhere to the 2024 Guidance on Tariff Simplification. The approved adjustment aims to address the gap between operational costs and current tariffs while ensuring that service delivery to consumers is…