The National Union of Air Transport Employees (NUATE) has urged the Federal Government to review the policy requiring aviation agencies to remit 50 per cent of their internally generated revenue (IGR) to the Treasury Single Account (TSA), warning that it is limiting funding for airport development. NUATE National President Ben Nnabue made the call in an interview with the News Agency of Nigeria (NAN) in Lagos, stating that the policy is constraining aviation agencies’ ability to maintain infrastructure and improve operations. According to Nnabue, the deduction affects four key aviation bodies, the Federal Airports Authority of Nigeria (FAAN), Nigeria Civil…
Author: Elvis Eromosele
Lagos State attracted $2.73 billion in capital inflows in the third quarter of 2025, accounting for 45 per cent of Nigeria’s total inflows during the period, Governor Babajide Sanwo-Olu has said. Sanwo-Olu disclosed this while speaking at the John F. Kennedy Jr. Forum on Africa’s Urban Future at the Harvard Kennedy School Institute of Politics in Boston, United States. According to a statement from the Lagos State Government, the governor described Lagos as central to Africa’s urban transformation and economic growth. Sanwo-Olu highlighted the state’s strong economic indicators, noting that internally generated revenue (IGR) reached $821.9 million (N1.26 trillion) in…
Long queues have begun forming at filling stations across Lagos as motorists rush to buy petrol from outlets still selling below ₦1,000 per litre following recent price increases. A market survey on Saturday showed that many retail stations on both the Lagos mainland and island have raised pump prices above the ₦1,000 mark, triggering a rush for cheaper fuel. Stations operated by MRS Oil along the Lagos–Ibadan Expressway recorded long queues as petrol sold for about ₦937 per litre, one of the lowest prices currently available. Other marketers have adjusted prices upward. Eterna Plc sold petrol at about ₦1,040 per…
Chief Olusegun Obasanjo, in a media chat during his 80th birthday, referred to himself as an accidental achiever, and that is a level of sincere acknowledgement that is expected of an elderly man. His life journey actually depicted it. From a village boy who never sees himself achieving anything better than a local farmer, a life ambition that was shared by his father, which was why the first attempt by his uncle-in-law to give him a Western education in Abeokuta was halted because, just two days afterwards, his father came to Abeokuta with ridiculous reasons of fear that Western education…
By Dr. Abdul Mahmud “It was the spectacle of a man trying to escape the shadow of his own words. Again and again Bwala was confronted with statements he had made in the past. Statements that sharply criticised the same government he now defends. Each time he retreated into a familiar refuge. “Context matters”, he said. The circumstances were different. The statements must be understood within a broader setting. But the problem with his defence was painfully obvious. Context cannot erase conviction. When context becomes the permanent shelter of argument, it begins to look less like explanation and more like…
The pan-Yoruba socio-political organisation, Afenifere, has formally called on Nigeria’s leadership across the three arms of government to initiate urgent constitutional reforms aimed at decentralising the country’s governance structure. In a letter addressed to President Bola Ahmed Tinubu, Senate President Godswill Akpabio, Speaker of the House of Representatives Tajudeen Abbas, and Chief Justice of Nigeria Justice Kudirat Olatokunbo Kekere-Ekun, the organisation appealed for the commencement of a political programme that would restructure the Nigerian federation and devolve greater powers to the regions. The letter, dated March 1, 2026, was signed by Dr. Akin Fapohunda, Director of Research and Strategy of…
The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price to ₦875 per litre, up from ₦774, marking a ₦101 increase at the refinery gate. The adjustment, announced on March 4, 2026, is already sending ripples across Nigeria’s fuel market, with marketers quickly raising pump prices at retail stations. A senior refinery official said the increase was driven by rising global crude oil prices and higher replacement costs. International crude prices recently climbed above $80 per barrel, increasing the cost of refining petrol even for domestic producers. Analysts also link the surge to geopolitical tensions in the…
Gaming company 1win Nigeria has set a Guinness World Record for the largest Afrobeats dance, bringing together more than 400 dancers in Lagos in a celebration of music, culture, and community. The record-setting event drew creators, professional dancers, influencers, and Afrobeats enthusiasts who performed in unison to Wizkid’s hit track “Money & Love/ Money Constant”, highlighting the global appeal of Nigeria’s dominant music genre. Organisers said the initiative was designed to showcase Africa’s growing influence on global pop culture, with Lagos chosen as the venue because of its reputation as one of the continent’s leading creative hubs and the heartbeat…
Linkage Assurance Plc has secured approval from the Securities and Exchange Commission (SEC) to raise N16.26 billion through a rights issue aimed at strengthening its capital base and supporting future growth. In a filing to the Nigerian Exchange (NGX), the company disclosed that it plans to list 12.32 billion ordinary shares of 50 kobo each, priced at N1.32 per share. The offer will be made to existing shareholders on the basis of two new shares for every three shares held as of January 22, 2026. According to the company, the rights offer will open on March 11, 2026, and close…
Google has expanded language support for its AI-powered search features to include Yorùbá and Hausa, enabling millions of Nigerians to interact with the platform in their native languages. In a statement released on Thursday, the company said the update allows users to access AI Overviews and AI Mode in both languages, making it easier to ask questions, receive summaries, and explore information conversationally through text or voice. The move is part of Google’s broader push to make artificial intelligence more inclusive across Africa. With the update, Google’s AI search tools now support 13 African languages, including Afrikaans, Akan, Amharic, Hausa,…