News
Tinubu Receives ICPC Report On ‘Fake’ Presidential Agency
President Bola Tinubu has received the interim report of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on …
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Lagos, Delta, Rivers, Ogun Missing As Abia Tops 9 Others in Governance, Citizen Satisfaction Rankings
By Ayo Kehinde Abia State has emerged as Nigeria’s highest-rated state for citizen satisfaction and one of the country’s fastest-improving …
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PSC Reshuffles Police Leadership, Deploys Eight Commissioners to State Commands
The Police Service Commission (PSC) has approved a major reshuffle of senior officers of the Nigeria Police Force, appointing a …
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EFCC Defends Freezing of Osun Salary Account
The Economic and Financial Crimes Commission, EFCC, has defended it decision to freeze the Osun State government account, saying it …
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Tinubu Welcomes Rescue of 308 Abducted Citizens in Kwara, Niger States, Call for Stronger Early Warning Systems
President Bola Ahmed Tinubu warmly welcomes the successful rescue of 308 Nigerian citizens who were abducted in different attacks in …
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Abuja Earth Tremor: Alake Calls for Calm, Directs Agency to Report Updates
Solid Minerals Development Minister Dele Alake has directed the Nigerian Geological Survey Agency (NGSA) to provide hourly updates of the …
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Business
Dangote Refinery Cuts Petrol Price To ₦1,165, Diesel To ₦1,570
Following the fall in Brent Price from $100 per barrel to $79 pb in the wake a c lull in the Middle East war, Dangote Petroleum Refinery has announced a fresh reduction in the ex-depot prices of petrol and diesel, lowering the cost of Premium Motor Spirit (PMS) to ₦1,165 per litre and Automotive Gas Oil (diesel) to ₦1,570 per litre. The new pricing, announced on Wednesday, reduces the ex-depot price of petrol by ₦50 from ₦1,215 per litre, while diesel falls by ₦80 from ₦1,650 per litre. The refinery, however, said the adjustment forms part of its efforts to make refined petroleum products more affordable, improve access to fuel and support economic activity across the country. The Dangote Group …
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Brent Tumbles Below $80 as US-Iran Talks Raise Supply Hopes
Brent crude fell below $80 per barrel on Tuesday after renewed optimism over negotiations between the United States and Iran eased fears of prolonged disruptions to global oil supplies through the Strait of Hormuz. The international oil benchmark dropped by almost five per cent to around $79 per barrel, while US West Texas Intermediate (WTI) crude fell more than five per cent to about $76 per barrel, according to Oilprice.com. The decline marked the lowest level for both benchmarks since July 13. The sell-off followed comments by senior US officials suggesting that discussions aimed at restoring commercial shipping through the Strait of Hormuz were making progress, raising hopes that one of the world’s most important energy corridors could soon reopen …
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DMO’s August Savings Bond Offers Nearly 15 Percent Returns on N5,000 Investment
The Debt Management Office (DMO) has opened subscriptions for its August 2026 Federal Government Savings Bond, giving retail investors the opportunity to earn annual returns of nearly 15 percent with a minimum investment of N5,000. In a notice released on Monday, the DMO unveiled two fixed-income instruments under the monthly savings bond programme. The first is a two-year bond maturing on August 12, 2028, with an annual interest rate of 13.963 percent, while the second is a three-year bond maturing on August 12, 2029, offering 14.963 percent per annum. Subscriptions opened on August 3 and will close on August 7, while successful investors will receive allotments on August 12, the settlement date from which interest will begin to accrue. A …
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Nigeria Earned ₦24tn From Crude Exports in Six Months, says CBN Report
From Victor Osula, Abuja Nigeria’s crude oil exports generated an estimated ₦24.02 trillion in the first six months of 2026, reinforcing the country’s dependence on crude sales for foreign exchange even as domestic refiners continued to complain about inadequate feedstock. An analysis of production and export data compiled from the Central Bank of Nigeria (CBN) shows that the country exported about 182.2 million barrels of crude between January and June. Using the average monthly price of Bonny Light crude and an exchange rate of ₦1,365 to the dollar, those exports were worth approximately $17.6 billion, or ₦24.02 trillion. Over the same period, Nigeria produced an estimated 263.65 million barrels of crude with a gross market value of $25.41 billion, equivalent …
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CBN Records N372tn Mobile Money Transactions for 2025
From Victor Osula, Abuja Nigerians conducted N372.14 trillion worth of mobile money transactions in 2025, an 81.3 percent increase from N205.31 trillion in 2024 as expanding agent networks and growing adoption of digital financial services accelerated the country’s shift towards cashless payments. The figures, contained in the Central Bank of Nigeria’s (CBN) 2025 Annual Report, also showed that transaction volume processed by Mobile Money Operators (MMOs) rose 65.8 percent to 28.74 billion from 17.34 billion in 2024. According to the CBN, the growth reflected increased onboarding of agents, advances in digital financial solutions and stronger collaboration across the payments ecosystem. The report showed Nigeria had 84 licensed payment service providers across various categories at the end of 2025, including eight …
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Others…
Group Launches Electoral App; Calls For Partnership To Strengthen Nigeria’s Democracy
By Daniel Peters, Abuja A civil society group, the Polling Unit Ambassadors of Nigeria (PUAN), has called for partnership to …
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/ POLITICS
APC Plans to Use Federal Might to Rig Gov. Poll, Says Osun Govt
The Osun State government has accused the All Progressives Congress, APC, of plotting to deploy “federal might” to influence the …
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/ POLITICS
Adeyemi’s ‘Fake’ Council Listed Tinubu, Wike, Cardoso, Akume Others As Board Members
From Victor Osula, Abuja The House of Representatives Ad hoc Committee investigating the activities of the fake Presidential Foreign Intervention …
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/ CRIME
Freedom of Information Act and The Limits of Press Freedom, By Mack Ogbamosa
Introduction A free, independent, and vibrant press is one of the strongest pillars of any democratic society. It is against this background that most democratic countries make constitutional provisions for a free press . Others even go further to enact specific laws to make affairs of governments freely available to the public. Currently, there are more than 130 countries in the world that have free press laws. They include Sweden, United States, France, South Africa and Nigeria. Nigeria did not only make constitutional provisions in Sections 22 and 39(1) of the 1999 Constitution ( as amended) but also went ahead to enact the Freedom of Information Act in 2011. Section 22 of the 1999 Constitution states: “ “The press, radio, television and other agencies of the mass media shall at all times be free to uphold the fundamental objectives contained in this chapter( ie Chapter II) and uphold the responsibility and accountability of the Government to the people” Section 39(1) of same Constitution states : “Every person shall be entitled to freedom of expression, including freedom to hold opinions and to receive and impart ideas and information without interference” .. To complement these constitutional provisions, Section 1 (1) of the Freedom of Information Act (FOIA) states “Notwithstanding anything contained in any other Act, law or regulation, the right of any person to access or request information, whether or not contained in any written form, which is in the custody or possession of any public official, agency or institution howsoever described, is established.” while Section 2(2), states that: “A public institution shall ensure the proper organization and maintenance of all information in its custody in a manner that facilitates public access to such information” Primary Purpose of FOIA According to the Act, its primary purpose is to make information about public records freely available to every Nigerian in the public interest. Relevance To Journalists And Press Freedom Although, the law is for every citizen to access public information, it is most relevant to journalists and whistleblowers. Given the fact that the Act has been in existence for 15 years, how far has it impacted on the scope of press freedom in Nigeria?. This writer believes that the Act has essentially given legal backing to journalists to request public interest information, expose corruption in public places as well as establish a clear avenue to sue public entities that refuse to disclose information. NOTABLE CASES IN SUPPORT OF FOIA Some of the notable cases adjudicated upon to support these arguments during the period include: …
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Tinubu Directs EFFC to Vacate Court Order Freezing Osun Account
It has come to my notice that the Economic and Financial Crimes Commission (EFCC) obtained a court order on August …
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/ POLITICS
Adeleke Dares EFCC, Rejects N11bn Fraud Allegation
By Ayo Kehinde Osun State Governor and Accord Party governorship candidate, Senator Ademola Adeleke, has declared that his administration will …
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/ POLITICS
Court Ousts APC Candidate Adeleye, Declares Arobo Authentic Flagbearer For Ondo Reps Seat
The Federal High Court sitting in Abuja on Wednesday nullified the nomination of Timehin Adeleye as the All Progressives Congress …
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/ POLITICS
Reps Probe: Estate Developer Alleges N400m Scam By PFIPC D-G
From Victor Osula, Abuja An estate developer Mr Gbenga Collins, has told the House Ad-hoc Committee investigating the activities of …
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/ CRIME
Tinubu’s Policy Reforms Responsible for Strong Corporate Performance, By Bayo Onanuga
The strong financial performance recorded by many of the companies listed on the Nigerian Exchange in the first half of …
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WAEC Withholds 167,486 Results Over Malpractices
From Victor Osula, Abuja The West African Examinations Council (WAEC) has released the results of the 2026 Computer-Based West African …
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