Nigerian electricity workers have suspended their nationwide strike following the intervention of the Minister of Power, Adebayo Adelabu. The strike, which was called by the National Union of Electricity Employees and the Senior Staff Association of Electricity and Allied Companies, was prompted by unresolved issues with the Transmission Company of Nigeria. The workers’ grievances included non-implementation of the national minimum wage, casualization of staff, non-payment of salaries since April 2025, lack of operational tools and vehicles, and failure to provide Personal Protective Equipment since 2021. The strike was expected to cause a nationwide blackout, but the suspension has averted this…
Author: Omolemi Eboisetale
Oba Rashidi Adewolu Ladoja has been crowned the 44th Olubadan of Ibadanland in a traditional ceremony held at the Ose Meji Temple in Ibadan South East Local Government Area. The coronation ceremony marked a significant milestone in the traditional and cultural heritage of the Yoruba people. Ladoja’s elevation to the throne follows the passing of the 43rd Olubadan, Oba Lekan Balogun, who joined his ancestors on July 7, 2025. The new monarch received the symbolic Akoko leaf at the Labosinde Compound in Oja’ba, an essential rite in the coronation process of an Olubadan. The coronation ceremony drew dignitaries from across…
A new deal is set to give Trump’s allies control over TikTok, with the app’s Chinese owner ByteDance reducing its stake to 20%. The move comes after a law was passed under President Joe Biden forcing ByteDance to sell its US operations or face a ban. The deal, valued at around $14 billion, would put control of TikTok in the hands of Trump’s allies, including investors Larry Ellison, founder of Oracle, Michael Dell, tech investor, Rupert Murdoch, media tycoon, Silver Lake Management, investment firm, and Andreessen Horowitz, Silicon Valley powerhouse. According to Trump, the proposed divestiture would allow Americans to…
The Ondo State Police Command has successfully recovered a four year old girl who was stolen and sold for ₦3.7 million by a child trafficking syndicate. The police operation was triggered by a report from the child’s father, Sunday Kingsley, who had been searching for his missing daughter, Jesinta. The child’s father had reported that his daughter went missing while staying with her mother, Sunday Happiness. Following an investigation, the police discovered that the child had been spotted in Asaba, Delta State. Detectives from the Command’s Gender Desk Team quickly moved in and recovered the child, returning her safely to…
US President Donald Trump has announced a fresh round of punishing tariffs on a range of imported goods, including pharmaceuticals, big-rig trucks, home renovation fixtures, and furniture, in a bid to bolster US manufacturing and revive his global trade war. The tariffs, set to take effect on October 1, are the harshest trade policy by the president since last April’s shock unveiling of reciprocal tariffs on virtually every US trading partner. Trump revealed that a 100% tariff will be imposed on branded or patented pharmaceutical products unless the company builds a manufacturing plant in the US. This move has been…
The Federal Government of Nigeria has announced a major breakthrough in HIV prevention following a landmark price reduction of the revolutionary drug lenacapavir. The cost of the twice yearly HIV prevention injection has been slashed from $28,000 to just $40 per person per year, making it accessible to millions across Nigeria and over 100 low and middle income countries. This deal was made possible through strategic collaborations with UNITAID, the Clinton Health Access Initiative, Dr. Reddy’s Laboratories, and the Gates Foundation. According to Dr. Temitope Ilori, Director General of the National Agency for the Control of AIDS (NACA), the agreement…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given its approval for a $510 million Sales Purchase Agreement (SPA) between TotalEnergies Exploration and Production Nigeria Ltd. and Shell Nigeria Exploration and Production Company (SNEPco) and Nigerian Agip Exploration Limited (NAE). According to the agreement, TotalEnergies will transfer its entire 12.5% contractor interest in Oil Mining Lease (OML) 118 to SNEPco and NAE. SNEPco will pay $408 million for 10% of the interest, while NAE will pay $102 million for the remaining 2.5%. The NUPRC stated that SNEPco and NAE have demonstrated both technical and managerial competence to contribute to…
The National Association of Nigerian Students (NANS) has called on stakeholders in the oil and gas sector to support the smooth operations of the Dangote Refinery. According to NANS, the refinery has the potential to reduce Nigeria’s dependence on fuel importation and improve energy availability in the country. The association believes that the refinery’s success is crucial for the country’s economic stability and future generations. “The completion of the Dangote Refinery represents an opportunity to strengthen Nigeria’s economy. We will stand against any steps that may obstruct its operations because its performance affects the collective future of millions of Nigerians,”…
The trial of former National Security Adviser, Col. Sambo Dasuki, has taken a new turn as the Federal Government seeks to tender additional evidence against him. Dasuki is facing a seven count charge bordering on money laundering and unlawful possession of firearms. The Federal Government alleged that Dasuki was found in possession of various firearms and large sums of money at his residences in Abuja and Sokoto. During the hearing, prosecution counsel Oladipupo Okpeseyi, SAN, sought the court’s permission to tender further proof of evidence. He also requested that the court move its sitting to the Department of State Services…
The national average retail price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG) has dropped by 21.42% on a month-on-month basis to N16,195.07 in August 2025 from N20,609.48 in July. According to the National Bureau of Statistics (NBS), this significant decline offers relief to households battling high living costs. The price drop is evident across different cylinder sizes, with the average retail price for refilling a 5kg cylinder decreasing by 22.32% month-on-month to N6,404.02 in August from N8,243.79 in July. On a year-on-year basis, the 5kg refill price showed a slight dip of 0.40% from N6,430.02 in August…
Nigeria loses a staggering N2.5 trillion annually due to inefficiencies in maritime logistics, according to Truck Transit Parks (TTP), promoters of the Electronic Call up System (ETO). The Managing Director of TTP, Mr. Jama Onwubuariri, revealed this at the 2025 Transportation Correspondents Association annual conference. He attributed the massive loss to gridlock crises and extortion at ports. The cost surged due to inefficiencies and extortion as transporters could not work efficiently. “Cost surged due to inefficiencies and extortion as transporters could not work efficiently as only 50 trucks were evacuated daily from one terminal operator,” Onwubuariri said. This has led…
The Debt Management Office (DMO) has announced a N200 billion bond subscription by auction on behalf of the Federal Government of Nigeria. The exercise is scheduled to take place on September 29, 2025, with settlement fixed for October 2, 2025. The bond offer comprises two bonds: N100 billion FGN AUG 2030, a 5 year tenor reopening, and N100 billion FGN JUNE 2032, a 7 year tenor reopening. The interest rate will be determined based on yield to maturity bid that clears total volume offered at auction. According to the DMO, the bond issuance is carried out in compliance with the…