Post views: 56 By Victor Nwachukwu Federal Road Safety Corps (FRSC) Marshal Shehu Mohammed has issued a stern warning to officers, saying discipline and professionalism are non-negotiable between commands. Speaking in Owerri on Tuesday, Mohammed formally laid out his mandate, clarifying expectations, addressing operational gaps and calling for strict ethical compliance across the force. Represented by the Corps Commander, …
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NGX: Equity markets recover as investors gain N220 billion
The equity market recovered from yesterday’s slump as investors gained N220 billion by the end of trading on Thursday. This follows the soaring prices of shares such as Eterna, NPF Microfinance Bank, and Premier Paints on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 196,807.15 points from 196,463.22 points on the previous trading day. After five …
Read More »New VAT sharing formula boosts states’ revenue to ₦551 billion in January – THIS UPDATE
By Ayo Kehinde In January 2026, Nigerian states recorded a significant increase in their share of value-added tax (VAT) revenue, receiving a total of approximately ₦551 billion. This sharp increase followed the implementation of new tax laws that changed the VAT distribution formula between levels of government. The development marked the first full month that the revised revenue sharing agreement …
Read More »Lawmakers praise telecom sector’s progress as NCC defends ₦472 billion budget proposal for 2026
Lawmakers praise telecom sector’s progress as NCC defends ₦472 billion budget proposal for 2026 The National Assembly’s Joint Committee on Communications has commended the Nigerian Communications Commission (NCC) for the growth of the telecommunications sector as lawmakers approve the 2025 budget performance. Meanwhile, NCC has proposed a ₦472 billion budget for 2026. During a joint budget defense session of the …
Read More »Africa and the deadly dust of Iran – Azu Ishiekwene
These are sad times. Who could have believed that after the United States and its allies destroyed Iraq in search of “weapons of mass destruction” and found none, history would repeat itself as a farce?In neighboring Iran, 35 years after Operation Desert Storm, the United States launched a war with consequences, only this time without even the formality of UN …
Read More »An impactful year from senior Paul Bassey as Akwa Ibom Sports Commissioner
Post views: 26 By Akila Matawal When Governor Umo Eno sent the list of commissioner candidates to the Akwa Ibom State Assembly for consideration, one name stood out: Elder Paul Bassey. The inclusion of the veteran sports journalist and accomplished football administrator was greeted with applause by those who mean well for the sports development of Akwa Ibom, and …
Read More »The Senate summoned Kyari over alleged discrepancies of N210tr in NNPC financial statements
The Senate Committee on Public Accounts on Thursday summoned the former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, and his management team over an alleged N210 trillion discrepancy in its financial statements. The chairman of the committee, Senator Ahmed Wadada, announced the call at a press conference in Abuja. Wadada said the development …
Read More »CDHR supports the State Police and praises IGP Disu’s new push for decentralized policing
The Human Rights Committee has renewed its call for the establishment of state police across Nigeria, saying the current centralized police structure has become excessive and ineffective in addressing growing insecurity. In a statement jointly signed by its National President, Comrade Yinka Folarin, and Secretary General, Comrade Idris Afees Olayinka, the civil rights group described the initiative as a vital …
Read More »FEC approves ₦1.2 trillion road projects, approves new Carter Bridge project – THIS UPDATE
By Ayo Kehinde The Federal Executive Council (FEC) has approved road infrastructure projects worth over ₦1.2 trillion across the country, including the demolition and redesign of the Carter Bridge in Lagos, as part of efforts to modernize Nigeria’s transport network and boost economic connectivity. Briefing State House Correspondents after the Federal Executive Council meeting chaired by President Bola Tinubu on …
Read More »Nigeria’s net reserves jumped 772% to $34.8 billion as Cardoso credited policy reforms
Nigeria’s foreign exchange reserves recorded a sharp increase by the end of 2025, with net reserves reaching $34.80 billion, according to Central Bank Governor Olayemi Cardoso. In a statement issued by the CBN on Monday, Cardoso explained that gross and net reserves showed “significant increases by the end of 2025, reflecting stronger external sector fundamentals and ongoing policy reforms.” He …
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