Mr. Festus Keyamo (SAN), Minister of Aviation and Aerospace Development, has announced that Nigeria will take delivery of its first dry-leased aircraft on October 6, 2025, nearly two decades after the last such lease. A dry lease involves leasing only the aircraft itself, leaving the airline responsible for all operations, including hiring pilots, maintenance, and insurance. This is different from a wet lease, where the lessor provides the aircraft along with crew, maintenance, and insurance. The minister highlighted that this milestone comes as Nigeria has regained international confidence in its aviation sector following years of restrictions, allowing airlines to now…
Author: Omolemi Eboisetale
Dangote Petroleum Refinery has dared the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) to take it to court following recent public statements regarding petroleum product smuggling, which were published on September 15. In a statement released on Wednesday night, Dangote Petroleum stressed that “any party aggrieved by the content of the publication is free to seek redress through appropriate legal channels.” The refinery added that it would not be intimidated by the seven-day ultimatum issued by DAPPMAN and is fully prepared to defend its position “through all legitimate means.” DAPPMAN had responded to Dangote with several allegations, including…
The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a warning to Nigerians about falsified batches of Artemetrin DS and Ciprofit 500, highlighting serious health risks even when sourced from licensed distributors. According to NAFDAC Public Alert No. 030/2025, these counterfeit drugs carry fake registration numbers and are not listed in the agency’s approved product database. Using these falsified medications can lead to treatment failure, worsening of illness, adverse reactions, and in the case of antibiotics like Ciprofit 500, antimicrobial resistance. NAFDAC advises the public to verify registration numbers on all medicines, inspect packaging for signs…
The Federal Government has earmarked N300 billion in the 2025 budget to solarize tertiary medical institutions and federal universities across Nigeria, a move aimed at ensuring uninterrupted power supply and improving service delivery. Abubakar Bichi, Chairman of the House of Representatives Committee on Appropriation, disclosed this while flagging off the solarization project at Aminu Kano Teaching Hospital (AKTH) in Kano. “I had a thorough discussion with Mr. President that we really have to do something about our hospitals, as well as our universities. They are lagging behind in terms of power supply. They have brilliant doctors and nurses, but they…
US President Donald Trump has renewed his vow to designate “Antifa” a shorthand for anti-fascist groups as “a major terrorist organisation,” a move he initially threatened during his first term. For years, Trump has blamed Antifa for violence against police and for the January 6, 2021 attack on the US Capitol, which sought to block Joe Biden’s presidential election victory. “I will also be strongly recommending that those funding ANTIFA be thoroughly investigated in accordance with the highest legal standards and practices,” Trump wrote Wednesday on Truth Social, calling Antifa “A SICK, DANGEROUS, RADICAL LEFT DISASTER.” Antifa has no central…
The Lagos State Ministry of the Environment and Water Resources has ordered the immediate suspension of all reclamation projects across the state, citing serious environmental and social risks. Reclamation projects involve creating new usable land from water-covered areas by filling them with sand, earth, rock, or other materials, often for construction purposes. However, many such projects in Lagos including Parkview, Banana Island, Osborne in Ikoyi, Victoria Island Extension, Lekki, Ajah, Oworonshoki, Lagos Mainland, Ikorodu, Ojo, and Badagry are reportedly proceeding without the necessary Environmental Impact Assessment (EIA) approvals and drainage clearances. Commissioner for Environment, Mr. Tokunbo Wahab, in a statement…
Former Vice President Atiku Abubakar has condemned the lifting of Governor Sim Fubara’s suspension in Rivers State, describing the initial action by President Bola Tinubu as unconstitutional. On March 18, Tinubu declared a state of emergency in Rivers following a prolonged political standoff between Fubara and lawmakers loyal to former governor and Minister of the Federal Capital Territory, Nyesom Wike. The President subsequently suspended Governor Fubara, his deputy Ngozi Odu, and members of the State House of Assembly for six months, installing Vice Admiral Ibok-Ete Ibas (retd.) as sole administrator to manage the state’s affairs. The move sparked controversy, with…
Stanbic IBTC Bank has been recognized as the ‘Best Corporate Bank’ by International Business Magazine, marking another significant achievement in the institution’s drive for excellence in Nigeria’s banking sector. The award celebrates organizations demonstrating outstanding leadership, innovation, and a commitment to delivering superior banking solutions that support business growth. Eric Fajemisin, Executive Director of Corporate and Transaction Banking at Stanbic IBTC Bank, said the recognition reflected the team’s dedication to empowering businesses through innovative financial products. “This award reflects our team’s relentless commitment to providing superior banking solutions that empower businesses to thrive. We strive to create value for our…
President Bola Tinubu has expressed deep condolences to the families of victims and to the management and staff of the Federal Inland Revenue Service (FIRS) and United Bank for Africa (UBA) following the fire outbreak at Afriland Building on Broad Street, Lagos Island, on Tuesday. Seven victims have been confirmed dead after the fire, which occurred in the high-rise tower. The victims, including four FIRS staff members who occupied the sixth and seventh floors, were rushed to hospitals across the state, where some succumbed to injuries. Doctors are still battling to save the remaining victims. In a statement signed by…
China has ended its antitrust investigation into Google, signaling a tactical shift in its regulatory approach and sending a message of flexibility to Washington, according to the Financial Times. The State Administration for Market Regulation (SAMR), which opened the probe in February, had previously accused Google of violating China’s anti-monopoly laws but did not provide further details on the alleged breach. The FT report cited two people familiar with the matter, noting that Google has not yet been formally notified of the decision. At the same time, China has accused Nvidia of violating its anti-monopoly law following a preliminary investigation…
Investors on the Nigerian Stock Exchange on Wednesday, September 17, 2025, recorded a total gain of ₦309 billion as 26 stocks appreciated in value. The All Share Index (ASI) rose by 489.45 points, a 0.35% increase, closing at 142,036.23 points, while market capitalization climbed to ₦89.87 trillion. Leading the gainers was Aradel Holdings, which saw a 6.97% increase, followed by Guinness Nigeria, Dangote Cement, First Holdco, and Chellarams. Despite the gains, 32 stocks declined, and 97 remained unchanged, showing a mixed market breadth. Trading activity also picked up, with a total of 1 billion shares valued at ₦24.66 billion exchanged…
Minister of the Federal Capital Territory and former Governor of Rivers State, Nyesom Wike, has praised President Bola Tinubu for lifting the state of emergency imposed on Rivers State six months ago. Wike described the President’s action as a demonstration of his commitment to restoring peace and democratic governance in the oil-rich state. “The decision of President Tinubu has saved our state and restored the confidence of the people in his leadership. Rivers State can now focus on peace, progress, and development,” Wike said in a statement. He urged political actors in the state to put aside their differences and…