Author: Adejuyigbe Adegoke

In a major boost for technical education and engineering capacity in Nigeria, the Federal Government (FG), has approved ₦48 billion in funding — equating to ₦4 billion for each of 12 universities — earmarked specifically for upgrading engineering and technology facilities across the country. The announcement was made on Monday, March 2, 2026, in Abuja by the Minister of Education, Dr. Maruf Tunji Alausa, during the inauguration of the Implementation Committee for the Tertiary Education Trust Fund (TETFund), Special High-Impact Intervention Projects. Strategic Aims of the Intervention According to the Minister, the initiative is designed to rehabilitate engineering workshops, laboratories,…

In a significant move that is already rippling through Nigeria’s fuel market, the Dangote Petroleum Refinery & Petrochemicals has increased its Premium Motor Spirit (PMS), — commonly referred to as petrol gantry price to ₦875 per litre from the previous ₦774 per litre, representing a ₦101 increase at the refinery gate. Why the Price Was Increased According to a senior official from the refinery, the adjustment was driven by recent volatility in global crude oil markets and rising replacement costs. The refinery stated that the review became necessary due to shifts in global crude fundamentals, which directly impact the cost…

Abuja, Nigeria – President Bola Ahmed Tinubu is set to officially swear in Olatunji Disu as the substantive Inspector-General of Police (IGP), on Wednesday, March 4, 2026. This development follows the unanimous endorsement of Disu’s appointment by the Nigeria Police Council (NPC), during its meeting on Monday, March 2, 2026. The swearing-in ceremony is scheduled to take place during the Federal Executive Council meeting, as confirmed by Bayo Onanuga, Special Adviser to the President on Information and Strategy. Background to the Appointment Olatunji Disu’s journey to the top echelon of the Nigeria Police Force began with his appointment as Acting…

Dangote Cement Plc, Africa’s largest cement manufacturer and one of Nigeria’s most prominent listed companies, has announced a substantial increase in its dividend payout following a dramatic rise in profitability for the full year ended December 31, 2025. The company’s decision reflects stronger earnings performance, improved margins and confidence in future growth prospects. The company reported a twofold leap in net profit, crossing the N1 trillion mark for the first time in its history, and proposed a final dividend of N45.00 per share, representing a 50% increase from the previous year. This impressive growth underscores the company’s resilience and strategic…

The global oil market is on edge as escalating hostilities between the United States, Israel, and Iran have injected a significant geopolitical risk premium into crude prices. What began as regional tensions has intensified into coordinated military strikes and reciprocal threats, pushing traders to price in the possibility of supply disruptions from one of the world’s most oil-critical regions. Market Reaction: Volatility and Price Spikes In the immediate aftermath of U.S. and Israeli strikes on Iranian targets, global crude benchmarks have already climbed sharply: Brent crude and West Texas Intermediate (WTI), futures rose through the week as conflict fears intensified,…

In a development that signals renewed air connectivity between Nigeria and Saudi Arabia, Saudi Arabia’s national carrier, Saudi Airlines (Saudia), is set to restart direct flight operations between Jeddah and Abuja. This was confirmed by His Excellency, Yousef bin Mohammed Albalawi, the Saudi Arabian Ambassador to Nigeria, during diplomatic engagements in Abuja this week. Scheduled Resumption: Mid-2026 or Early 2027 Ambassador Albalawi revealed that the direct route is expected to resume as early as June 2026, with a possible latest commencement by January 2027. The exact date is yet to be announced by the airline and civil aviation authorities, but…

The Federal Government has taken a decisive step toward expanding financial inclusion and strengthening Nigeria’s credit ecosystem with the inauguration of the Board of the Nigerian Consumer Credit Corporation (CREDICORP). The ceremony, held in Abuja, signals a renewed push to democratise access to consumer credit as part of broader economic reforms aimed at transforming Nigeria into a one-trillion-dollar economy. Representing President Bola Ahmed Tinubu, Vice President, Kashim Shettima, described consumer credit as a vital instrument for economic growth, social mobility, and human dignity. He said the establishment of CREDICORP reflects the administration’s resolve to build a trusted and inclusive credit…

Every day on our roads tells a different story. From Lagos traffic to Abuja expressways, from Port Harcourt business routes to Kano trade corridors — your car is more than a vehicle. It is your livelihood, your convenience, your freedom. That’s why Flexi Motor Insurance by emPLE Group is built differently — for real Nigerian drivers, real Nigerian roads, and real Nigerian risks. emPLE Group is uniquely positioned to reshape how Nigerians experience protection — and Flexi Motor Insurance is the product that best demonstrates that potential. The Problem with Traditional Motor Insurance Most motor insurance products fall into two…

President Bola Ahmed Tinubu has approved the extension of the ban on the export of raw shea nuts for an additional year, from February 26, 2026, to February 25, 2027. The decision reaffirms the administration’s commitment to industrialisation, domestic value addition, and the broader economic transformation goals outlined in the Renewed Hope Agenda. Strengthening Nigeria’s Shea Value Chain The extension of the ban is aimed at accelerating the development of Nigeria’s shea industry by ensuring that more shea nuts are processed locally into higher-value products such as shea butter and its derivatives. Shea nuts are oil-rich fruits harvested from the…

Abuja, Nigeria — President Bola Ahmed Tinubu on Wednesday appealed to the leadership of the 10th Senate to initiate constitutional amendments that would provide a legal framework for the establishment of State Police across the federation. The President made the appeal during an interfaith breakfast with senators at the Presidential Villa in Abuja, where he underscored the urgent need to decentralise Nigeria’s policing structure in response to growing security challenges nationwide. Urgent Call for Constitutional Amendment President Tinubu stressed that the creation of State Police has become imperative to address evolving security threats, including terrorism, banditry, and insurgency. According to…

In a significant development for national security architecture, Tunji Disu has formally assumed office as Acting Inspector-General of Police (IGP), following his decoration by President Bola Ahmed Tinubu at the State House in Abuja. The ceremony, held on Wednesday, marked the beginning of a new chapter for the Nigeria Police Force, coming at a time when Nigeria faces persistent security challenges ranging from banditry to terrorism. Disu’s appointment follows the retirement of Kayode Egbetokun, pending ratification by the Nigeria Police Council and confirmation by the Senate. The council is scheduled to meet next week. A Charge to Restore Peace and…

On 24 February 2026, the Central Bank of Nigeria (CBN), announced a decision to reduce its benchmark interest rate, the Monetary Policy Rate (MPR), by 50 basis points from 27% to 26.5% at the conclusion of its 304th Monetary Policy Committee (MPC), meeting held in Abuja. The move marks a significant policy shift after a prolonged period of tight monetary conditions designed to tame inflation and stabilise the economy. What Happened at the 304th MPC Meeting? The MPC, comprising 11 members, convened to assess Nigeria’s macroeconomic environment, reviewing inflation trends, foreign exchange developments, banking sector stability, and other key indicators…