A fresh wave of hardship has swept through Nigeria as petrol prices skyrocketed beyond ₦1,000 per litre following President Bola Tinubu’s approval of a 15 percent import tariff on petrol and diesel, a policy the Government says is meant to boost local refining and reduce import dependence. The Presidential directive, issued on October 21, 2025,…
Nigeria’s Economy received a major confidence boost this week as the Nation’s currency, the Naira, strengthened sharply following its removal from the Financial Action Task Force (FATF) grey list, a Global watchlist for Countries with strategic deficiencies in combating money laundering and terrorism financing. The development marks a significant milestone for Africa’s largest economy, which…
The Federal Government has warned fruit vendors and food traders Nationwide against the sale of force-ripened fruits and adulterated food products, vowing to punish offenders. Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Mr. Olatunji Bello, issued the warning on Tuesday in Gombe during a one-day sensitisation programme on the dangers of…
The Federal Government has received 130 hectares of land from the Ogun State Government for the development of the Ijebu-Ode Inland Dry Port project. The handover ceremony, held on Friday, October 10, 2025, along the Epe/Mojoda Expressway in Ijebu-Ode, marks a major milestone in the government’s drive to decongest seaports and boost regional trade. Speaking…
The Egg Sellers and Distributors Association of Nigeria (ESDAN) has dismissed reports suggesting that its members are responsible for the persistent rise in egg prices across the Country. Speaking in an interview with the News Agency of Nigeria (NAN) on Saturday in Lagos, the President of ESDAN, Mrs. Olaide Graham, described the allegations as misleading…
Joy and celebration filled the air on Monday as Ogun State’s Gateway International Airport in Ilishan-Remo recorded its first-ever commercial flight, signaling a major milestone in the State’s quest to become an aviation and economic hub in the South-West. The historic flight, operated by ValueJet, took off from the Murtala Muhammed Airport in Lagos and…
A leading Chinese power company, CCETC, has announced plans to establish a power generation plant and an industrial park in Ogun State, in what is expected to be a major boost to the State’s industrial and economic landscape. The company’s Chairman, Mr. Guo Xianda, made the disclosure during a meeting with Governor, His Excellency, Prince…
The Ogun State Government has sealed off Imole Ayomi Bakery and End-Time Grace Apostolic Church in Abeokuta following repeated/pollution violations of environmental regulations. Officials of the Ogun State Environmental Protection Agency (OGEPA) carried out the enforcement exercise this week after the two establishments failed to comply with earlier warnings issued by the agency. The bakery,…
The Nigerian Safety Investigation Bureau (NSIB) has blamed poor maintenance culture and a faulty track switch for last week’s Abuja–Kaduna train derailment at Asham Station, which left 21 passengers injured. The passenger train, carrying 618 people, derailed when a defective point clip broke during manual switching, causing the tracks to misalign. Investigators also discovered that…
Nigeria has assumed a continental leadership role in efforts to harmonize oil and gas regulations across Africa, launching a new platform aimed at improving transparency and attracting fresh investments to the sector. The initiative, known as the African Petroleum Regulators Forum (AFRIPERF), was formally established during Africa Oil Week in Accra, where regulators from eight…
