U.S. President Donald Trump has indicated that the U.S. Navy may begin escorting oil and gas tankers through the Strait of Hormuz to prevent disruptions to global energy supplies. The announcement was made via his Truth Social account and later shared on the official White House X account on March 3, 2026, amid escalating tensions in the Middle East and growing risks to maritime trade. Trump said the United States would deploy both military and financial tools to stabilise energy shipments. He directed the United States Development Finance Corporation (DFC) to provide political risk insurance and financial guarantees to shipping…
Author: Elvis Eromosele
President Bola Ahmed Tinubu has directed the immediate release of approved funds for the maintenance of Nigeria’s space assets, in line with the National Space Policy and Programme. The directive was issued at the first meeting of the National Space Council held at the Presidential Villa, Abuja, where he was represented by Vice-President Kashim Shettima. Tinubu also ordered that the cost of implementing the revised 25-year roadmap for the national space policy be forwarded to the Federal Executive Council for approval. He stressed that Nigeria must actively participate in the rapidly expanding global space economy, projected to exceed $1 trillion…
The National Agency for Food and Drug Administration and Control (NAFDAC) has partnered with the National Orientation Agency (NOA) and the Federal Competition and Consumer Protection Commission (FCCPC) to enforce the nationwide ban on sachet alcohol and alcoholic beverages in bottles below 200 millilitres. The development was announced in a statement signed by Mojisola Adeyeye. NAFDAC’s Director-General, Enforcement of the ban took effect in January, following a directive by the Nigerian Senate aimed at protecting public health and reducing underage drinking. At a joint press briefing, Adeyeye said the renewed enforcement drive is intended to shield children from alcohol abuse,…
The Jigawa State Executive Council has approved N853 million for the purchase of 86 housing units to support public servants and other beneficiaries across the state. Sagir Musa, Commissioner for Information, Youth, Sport and Culture, disclosed the decision while briefing journalists after the council meeting in Dutse, according to the News Agency of Nigeria. Musa said the council approved the acquisition of the housing units from the Federal Ministry of Housing and Urban Development at a total cost of N853,138,929.56. He explained that the initiative is aimed at addressing accommodation challenges, particularly for public servants, while expanding access to affordable…
The Lagos State Government has announced that a planned 132kV electricity transmission line will significantly improve power supply across the Lekki-Epe and Ajah axis. AbdulHafeez Toriola, Permanent Secretary, Lagos State Ministry of Energy and Mineral Resources, disclosed this during a stakeholders’ engagement held at the Adeyemi Bero Auditorium in Ikeja. According to a statement by Adetola Idowu, the ministry’s Director of Public Affairs, the project is designed to address persistent power shortages in Ibeju-Lekki and surrounding communities. Toriola said the initiative would help tackle epileptic electricity supply and support rapid development within the Lekki-Epe growth corridor. He noted that the…
Nigeria’s Value Added Tax (VAT) collections rose to N2.28 trillion in the third quarter of 2025, representing a 10.66 per cent increase from the N2.06 trillion recorded in Q2 2025, according to the National Bureau of Statistics (NBS). The VAT Q3 2025 report shows that local VAT payments accounted for N1.12 trillion of the total, while foreign VAT contributed N680.23 billion. Import VAT added N479.79 billion during the quarter. On a quarter-on-quarter basis, administrative and support service activities posted the strongest growth at 89.28 per cent. Arts, entertainment and recreation followed with 82.49 per cent growth, while human health and…
The Federal Government has rolled out new regulations to bring millions of informal businesses into the tax net, banning roadside tax collections and cash enforcement nationwide. At a signing ceremony in Abuja, Wale Edun, Minister of Finance and Coordinating Minister of the Economy, said the presumptive tax regulations mark the transition from legislation to full implementation of reforms introduced between mid-2025 and January 2026. According to Edun, the framework is designed to expand Nigeria’s tax base without increasing rates, while ensuring transparency, fairness, and consistency across federal, state, and local governments. The regulations were issued under the guidance of the…
Escalating conflict between the United States and Iran is beginning to bite Nigerian consumers, as depot owners raise the price of liquefied petroleum gas (LPG), commonly known as cooking gas, by an average of N100 per kilogram. Major distributors have adjusted prices upward. NIPCO Plc is now selling LPG at N950 per kilogram, while Navgas Limited and Techno Oil Limited have priced their products at N900 and N885 per kilogram, respectively. The increases mark a sharp rise from the previous market average of about N800 per kilogram. The spike follows coordinated US–Israel airstrikes on Iran and heightened tensions across the…
Godfrey Adejumoh, a seasoned top-performing Global Business Communications Strategist and Thought Leader, is set to launch a book titled, ‘Winning with Strategic Communications: Essential Strategies for the Next Generation of Leaders.’ Winning with Strategic Communications, is a veritable playbook for navigating today’s complex world of leadership, communication, and influence. It is an important book for communications leaders of all ages. In this book, Godfrey distils years of lived experience, professional insights, and lessons from the frontline of Public Relations into clear, actionable strategies. At its heart, this work seeks to bridge the often-wide gap between theory and practice. While academia…
By Elvis Eromosele Across Lagos, the evidence is visible and increasingly troubling. Overflowing bins dot residential streets; refuse heaps encroach on walkways; and residents wait longer than usual for waste trucks that appear overwhelmed. At first glance, the problem seems to lie with collection. However, closer investigation reveals that the real crisis begins at the point of disposal. Private Sector Participants (PSPs), the backbone of Lagos’ waste collection system, are facing unprecedented delays at approved landfill sites such as Olusosun and other designated disposal hubs. Trucks that once completed multiple trips within days now queue for five to fourteen days…