The Federal Government has successfully brokered a truce between the Petroleum and Natural Gas Senior Staff Association of Nigeria and the management of Dangote Petroleum Refinery. This resolution comes after a two-day conciliation meeting held on September 30 and October 1, 2025. Key stakeholders, including the National Security Adviser, Ministers of Finance, Budget and Economic Planning, and State for Petroleum, alongside representatives from the DSS, NIA, NNPCL, NMDPRA, NUPRC, and labour leaders, attended the meeting. According to the communiqué issued after the meeting, the management of Dangote Group will immediately begin the process of redeploying the affected workers to other…
Author: Omolemi Eboisetale
Nigeria’s current account surplus has surged to $5.28 billion in the second quarter of 2025, a significant increase from $2.85 billion in the first quarter. The Central Bank of Nigeria attributes this growth to sustained exchange rate stability, tighter monetary policy, and moderation in petroleum product prices. According to the bank, these factors have contributed to stronger external sector resilience and improved foreign exchange inflows. The CBN’s efforts to maintain market stability have injected fresh momentum into system liquidity. The bank’s commitment to balancing inflation control with support for the real economy is evident in its recent policies. “We are…
Sterling Bank has abolished Account Maintenance Fees (AMF) across all personal accounts, effective immediately, in a move seen as a declaration of financial independence for millions of Nigerians. This decision allows customers to keep and grow their wealth without deductions that silently erode their balances. According to Abubakar Suleiman, Managing Director of Sterling Bank, “Every fee we remove is one less barrier between our customers and true financial freedom.” The bank’s bold stance follows its previous decision to eliminate transfer fees on local online transactions in April 2025, demonstrating its commitment to fair banking practices. Nigerian banks raked in over…
Governor of Enugu State, Dr. Peter Mbah, has called on Nigerians to remain optimistic and united in the face of current challenges, assuring that the economic policies of President Bola Tinubu’s administration and citizens’ sacrifices would ultimately yield positive results if the nation stays the course. In his message to Nigerians on the occasion of the country’s 65th independence anniversary, Mbah expressed his disappointment that the anniversary may be low key but emphasized that it doesn’t diminish Nigeria’s significant strides as an independent nation. Mbah congratulated citizens on reaching this “proud milestone” and encouraged them to renew their covenant to…
The US government has officially shut down after Congress failed to pass a bill to keep federal funding flowing. The shutdown began at 12:01 AM on October 1, 2025, after Senate Democrats rejected a Republican bill that would have extended funding for seven weeks without resolving the standoff over healthcare policy changes. Hundreds of thousands of federal workers are affected, with around 380,000 furloughed and another 420,000 working without pay. Essential services like national security, law enforcement, and air traffic control will continue, but many non-essential services have been halted. “We’ll probably have a shutdown,” Trump told reporters in the…
The Nigeria Immigration Service has announced a nationwide enforcement action against foreign nationals who have overstayed their visas or breached their entry conditions, effective October 1, 2025. This development follows the expiration of the federal government’s visa amnesty initiative, which allowed foreigners with expired immigration documents to regularize their status without penalties. The enforcement action will target holders of expired Visa on Arrival (VoA), Single and Multiple Entry Short Visit or Business Visas, and Comprehensive Expatriate Residence Permit and Automated Card (CERPAC). Foreign nationals who breach Nigeria’s immigration regulations will face penalties, including fines and deportation. For overstayers, the penalties…
The demolition of the Auto Spare Parts and Machinery Dealers Association (ASPAMDA) Market at the Lagos Trade Fair complex has sparked widespread outrage. Peter Obi, the 2023 Labour Party presidential candidate, has condemned the action, describing it as a test of impunity, justice, and compassion. Obi visited the demolished site alongside Senators Enyinnaya Abaribe, Victor Umeh, and other lawmakers to express solidarity with affected traders. The demolition has left thousands of traders devastated, with many uncertain about recovering their investments. Obi emphasized that destroying legitimate investments without due process is unjust and economically destructive. “To destroy such legitimate investments without…
Fellow Nigerians, today marks the 65th anniversary of our great nation’s Independence. As we reflect on the significance of this day and our journey of nationhood since October 1, 1960, let us remember the sacrifice, devotion, and grand dream of our founding fathers. They envisioned a strong, prosperous, and united Nigeria that would lead Africa and be the beacon of light to the rest of the world. Our founding heroes and heroines believed it was Nigeria’s manifest destiny to lead the entire black race as the largest black nation on earth. Although we may not have achieved all the lofty…
President Bola Tinubu will address the nation on Wednesday, October 1, 2025, at 7 a.m. to commemorate Nigeria’s 65th Independence Day anniversary. The address will be broadcast live on Television and other electronic media outlets. This significant event marks a milestone in the nation’s history, and the President’s address is eagerly anticipated by Nigerians. The President’s address is expected to touch on the state of the nation, highlighting the policies of his administration and the progress made so far. Last year, Tinubu pleaded for “patience” amid reforms like fuel subsidy removal, which spiked living costs but laid groundwork for sustainable…
Petrol stations across the country were shut on Tuesday as the strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) entered its second day. Checks around Abuja city centre and suburbs showed most filling stations closed in compliance with the directive of the union leadership. The industrial action has brought the country’s petrol supply to a grinding halt, with many Nigerians struggling to cope with the lack of fuel. The strike has also grounded key government agencies in the petroleum sector, including the Nigerian National Petroleum Company Limited (NNPC Ltd.), the Nigerian Upstream Petroleum Regulatory Commission…
President Bola Ahmed Tinubu has declared that Nigeria’s most difficult days are behind it, assuring citizens that the country is on the path to sustained progress. Tinubu made this declaration during a one-day working visit to Imo State, where he commissioned Governor Hope Uzodimma’s legacy projects, including the Owerri-Umuahia Road, Assumpta Flyover, and the Emmanuel Iwuanyanwu International Conference Centre. According to Tinubu, Nigeria is getting better, and the Renewed Hope Agenda is yielding positive results. “Today, I can confidently say that the worst is over. We have the Renewed Hope Agenda, and we have a book sponsored by Hope,” he…
The Federal Government has reaffirmed its commitment to tackling unsafe abortion to reduce maternal mortality and improve the health and well-being of women and girls across Nigeria. Dr. Binyerem Ukaire, Director of Family Health at the Federal Ministry of Health and Social Welfare, gave the assurance in Abuja during the International Safe Abortion Conference. According to Ukaire, the ministry has trained skilled birth attendants and improved abortion-related data reporting through the National Health Management Information System (NHMIS), despite legal restrictions and societal stigma. “Nearly all deaths and complications from unsafe abortion could be avoided through contraceptive access, legal safe abortion…