Author: Lawan

Subsidy Removal Freed Resources for States, LG says Lokpobiri The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has defended the Federal Government’s decision to remove fuel subsidy, saying the policy has freed resources for distribution among the federal, state and local governments. Lokpobiri said when President Bola Tinubu assumed office, Nigeria faced a situation in which the government was projected to spend about ₦18.4 billion daily on fuel subsidy payments, citing figures previously presented by former Finance Minister Zainab Ahmed before the National Assembly.According to him, the expenditure would amount to approximately $15 billion annually, or about ₦21…

The Obidient Movement has threatened to mobilise supporters for wider protests across the country over the arrest of its Akwa Ibom State Coordinator, Dr. Ben Smith; the State Coordinator of the OK Movement, Mr. Elijah Noah, and other members during a peaceful march. In a statement signed by its Media and Communications Directorate, Mr. Onyeka Dike, on Friday, the group described the arrests as an attack on democracy and demanded the immediate and unconditional release of those in custody. It accused the All Progressives Congress (APC) and the Akwa Ibom State Police Command of using the police to intimidate opposition…

Enugu State governor, Dr. Peter Mbah, has announced plans to commence the payment of a new allowance to members of the National Youth Service Corps (NYSC) serving in the state from October. Mbah made the announcement on Friday, at the NYSC permanent Orientation Camp, Awgu, during the swearing-in ceremony of 2,101 corps members deployed to Enugu State for the 2026 Batch C Stream One service year. The governor, however, did not disclose the amount each corps member would receive under the new allowance. Mbah reiterated his administration’s commitment to the welfare and security of corps members serving in the state,…

Nigeria’s private sector posts strongest growth in 4.5 yearsNCTC seeks partnership with private sector to counter terrorismNigeria’s private sector recorded its strongest growth in more than four years in September, as stronger customer demand and increased orders pushed businesses to produce more goods and services. This was contained in the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) report released on Thursday. The PMI, which is a monthly survey of about 400 private-sector companies, rose to 56.4 points in September, from 54.3 points in August. It was the highest reading since February 2022. Simply put, a PMI reading above…

The protracted property dispute between Ojukwu Transport Limited (OTL) and Bianca Ojukwu and her sons, Afamefuna and Nwachukwu Ojukwu, has taken a fresh turn following the demolition of a property at 4 Macpherson Avenue, Ikoyi, Lagos, and alleged construction activities at the site. OTL, in fresh representations to the Nigeria Police Force, alleged that the demolition and subsequent development at the property were being carried out with the knowledge and protection of some police personnel, despite pending court processes relating to the disputed properties. The company said it petitioned the Inspector-General of Police (IGP) in August 2026 and separately approached…

By Abua Hunde‎‎For years, Nigeria’s insurance industry has occupied an uncomfortable position in the national economy. Its importance has never been in doubt, yet its enormous potential has remained largely untapped because of weak public confidence, low penetration, concerns over claims settlement and the limited financial capacity of some operators. But since his appointment as Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM) in 2024, Olusegun Ayo Omosehin has brought a renewed sense of purpose to the regulation and repositioning of the sector.‎‎Omosehin did not come to NAICOM as a stranger to the insurance business.…

BUYERS BEWARE!!! VICTORIA ISLAND HIGH-RISE LINKED TO DR. SAMUEL MAWUYON AJOSE’S LEVITIKAL CONSTRUCTION LIMITED ROCKED BY LEGAL STORM AS LANDOWNER TERMINATES JV AND RECLAIMS PROPERTYWhat began as a Joint Venture for a high-rise development in Victoria Island has reportedly escalated into a major legal dispute, following the Landowner’s termination of the JV over a fundamental breach by the developer, Levitikal Construction Limited and subsequent move to reclaim possession of the property linked to former Lagos governorship aspirant Dr. Samuel Mawuyon Ajose and Levitikal. The dispute has reportedly spilled into multiple court proceedings including in Suit No: FHC/LAG/CS/1245/2026 instituted at the…

Presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has pledged not to spend his holidays outside Nigeria if elected president in 2027. Obi made the promise in his Independence Day address on Thursday, saying he would use his holidays to visit different parts of the country, interact with Nigerians and gain a deeper understanding of their challenges. The former Anambra State governor said he would spend his holidays in Zamfara, Borno, Kwara, Ebonyi, Edo and Ekiti states, among others, during his proposed four-year tenure. “As I have always done, I will lead by example. In four years as…

Kenneth Okonkwo, a spokesman for African Democratic Congress (ADC) presidential candidate Atiku Abubakar, has criticised President Bola Tinubu’s 66th Independence Day address, rejecting his description of Nigeria in 2023 as a “sick patient” diagnosed with cancer. In his Independence Day broadcast on Thursday, Tinubu compared Nigeria’s situation in 2023 to that of a patient diagnosed with cancer, saying his administration hadembarked on difficult reforms to address the country’s underlying problems. Reacting in a post on his X handle on Thursday, Okonkwo said Nigeria was a blessed country and not one suffering from cancer. “God forbid! With respect to President Tinubu,…

The presidential candidate of African Democratic Congress (ADC) in the 2027 general election, Atiku Abubakar, yesterday, took a swipe at President Bola Tinubu, saying that his administration’s reforms since its inception in 2023, had been reckless and lacked human face. In his Independence Day address, Atiku said after 66 years of independence, Nigerians are fighting to put food on their table, a living wage and security, as well as other things that should be within the immediate reach of citizens of a free country. He noted that President Tinubu, in a single announcement on May 29,2023, brought an end to…