Author: Adejuyigbe Francis

Thought Leader, Idea Bank, Nation Builder.

Lagos State Governor, Babajide Sanwo-Olu, has revealed a significant drop in rice prices across the market, stating that he is personally ready to sell Lagos-produced rice for ₦57,000 to ₦58,000 per 50kg bag. Speaking at the 60th Annual Bankers’ Dinner of the Chartered Institute of Bankers of Nigeria in Lagos on Friday, the governor highlighted the falling price of rice as evidence that the country’s inflation outlook is improving. “Clear examples: about this time last year, we were struggling to buy a bag of rice. Today, in the same country, in the same market, the price of a 50kg bag…

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Nigeria’s consumption of Premium Motor Spirit (PMS), popularly known as petrol, reached 56.74 million litres per day in October, according to a new factsheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The latest data offers a comprehensive view of our fuel demand, supply balance, and refinery performance over the past year, highlighting both progress and persistent challenges in Nigeria’s evolving energy sector. Breakdown of October PMS Supply The factsheet shows that out of the 56.74 million litres consumed daily in October: 27.6 million litres were imported, and 17.08 million litres came from local refineries. The data…

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Nigeria has officially launched the Economic Community of West African States (ECOWAS), National Biometric Identity Card (ENBIC), a pivotal step aimed at strengthening regional integration, modernising identity management, and bolstering security across the sub-region. The unveiling took place at the Transcorp Hilton Hotel in Abuja, where Minister of Interior, Olubunmi Tunji-Ojo led the ceremony before an audience of government officials, diplomats, and representatives from ECOWAS institutions. A New Era of Identity Management Describing the rollout as “a powerful new beginning,” Tunji-Ojo said the ENBIC signals Nigeria’s commitment to a harmonised, secure regional identity system aligned with global best practices. The…

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Nigeria generated ₦4.76 trillion from company income tax (CIT), in the first half of 2025, according to newly released data from the National Bureau of Statistics (NBS). This marks a significant rise from the ₦3.45 trillion recorded in the same period of 2024 — representing a 38% year-on-year increase and signalling stronger corporate profitability across key domestic sectors. CIT, a central component of government revenue, is levied on the profits of both local and foreign companies operating in Nigeria. The latest figures show not only a broad recovery in corporate earnings but also a shifting balance in tax contributions between…

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Bauchi State Governor, Bala Mohammed, has declared Friday, November 28, 2025, a work-free day across the state in honour of the late globally respected Islamic scholar, Sheikh Dahiru Usman Bauchi. The announcement comes as the state and the wider Muslim community continue to mourn the passing of the revered cleric, who died in the early hours of Thursday at the age of 98. Governor Mohammed had earlier confirmed the scholar’s death and described it as a monumental loss to Nigeria, the Muslim world, and humanity. Final Moments of the Scholar Findings by our correspondent reveal that Sheikh Dahiru Bauchi passed…

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A tragic incident unfolded yesterday along the Nkpor–Nnobi Road in Idemili North Local Government Area of Anambra State, when gunmen dressed in police and army camouflage opened fire on the convoy of former Anambra State governor and ex-Minister of Labour and Employment, Dr. Chris Ngige. Although Ngige narrowly escaped death, as he was not in the convoy at the time, the attack left one woman dead and two others injured. Lady Shot Dead for Videoing Gunmen The most heartbreaking casualty was a young lady who reportedly stepped out of her hairdressing salon to capture the unfolding violence on her phone.…

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What Happened The recent military coup in Guinea-Bissau upended an electoral process just before official results from its 23 November 2025 presidential and parliamentary elections were due. A group of military officers declared they had seized power, suspended the election and closed the country’s borders. Among those in the country for the elections was Goodluck Ebele Jonathan — former President of the Federal Republic of Nigeria — who had travelled as head of the observer delegation from West African Elders Forum (WAEF), under the broader mission of African Union (AU), and ECOWAS. Immediately after the coup, foreign observers — including…

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In a dramatic incident Wednesday in Washington, D.C., two members of the West Virginia National Guard were critically wounded in a shooting just blocks from the White House. The suspect is now in custody after also being wounded. The attack — at the heart of the U.S. capital — has shaken federal authorities and sparked fierce condemnation, including from President Donald J. Trump. What Happened: Details of the Shooting The shooting occurred on November 26, 2025, near the Farragut West Metro Station, just a few blocks northwest of the White House. According to authorities, the assailant approached one guardsman and…

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Authorities responded to a shooting near downtown Washington, D.C., close to Farragut Metro Station — within walking distance of the White House — on Wednesday. According to two sources cited online, the victims were two members of the United States National Guard. They were reportedly shot roughly a mile from the White House; at the time of reporting, their medical conditions had not been confirmed. Local police — the Metropolitan Police Department (Washington, D.C.) — confirmed that one suspect is in custody. Shortly after the shooting, the White House was placed on lockdown — a security measure triggered while President…

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The Special Protection Unit (SPU), of the Nigeria Police Force has ordered all officers attached to VIPs and special beats across the country to return to their bases. This move follows a directive issued on November 23, 2025, by President Bola Ahmed Tinubu, who ordered the immediate withdrawal of police personnel assigned to VIP security nationwide. In a memo signed by Neji Veronica, Commanding Officer of SPU Base 16 in Lagos, and shared on Tuesday by President Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, on X, all affected officers were instructed to report back before the close of…

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The Federal Government has taken a major leap toward transforming Nigeria’s education landscape with the rollout of the Inspire Live(s) Online Real-Time Classes Initiative—a nationwide digital learning programme designed to expand access to quality education for schoolchildren across the country. Announcing the initiative in a statement on Tuesday, the Federal Ministry of Education described the programme as a groundbreaking effort to provide equitable learning opportunities for every Nigerian child. The statement, signed by the Ministry of Education’s Director of Press and Public Relations, Folasade Boriowo, emphasised that Inspire Live(s) aligns fully with the Renewed Hope Agenda of President Bola Ahmed…

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The Lagos State Government has intensified its clampdown on illegal developments as officials from the Lagos State Building Control Agency (LASBCA), commenced a fresh round of demolitions in the Ikate-Elegushi corridor. The operation is part of a broader statewide effort to eradicate structures erected without statutory approvals or in violation of physical planning regulations. The exercise, executed jointly by the Lagos State House of Assembly, the Office of Urban Development, and LASBCA, targeted buildings encroaching on drainage channels, exceeding approved construction limits, or posing risks to public safety and environmental integrity. Government Officials Endorse Enforcement Drive Chairman of the House…

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