President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda, former Director-General of theSecurities and Exchange Commission (SEC), as Deputy Governor of the Central Bank of Nigeria (CBN).The nomination is subject to confirmation by the Nigerian Senate. The presidency announced the development in a statement issued in Abuja on March 11, 2026, by thePresident’s Special Adviser…
Dangote Petroleum Refinery has reduced the ex-gantry price of Premium Motor Spirit (PMS), alsoknown as petrol, by ₦100 per litre following a recent drop in global crude oil prices.According to the refinery’s latest pricing template released on March 10, 2026, the gantry price of petrolwas lowered from ₦1,175 per litre to ₦1,075 per litre. The…
Transportation fares across several Nigerian cities have surged sharply as petrol prices climbed to about₦1,200 per litre, a development linked to rising global crude oil prices triggered by escalating tensionsinvolving the United States and Iran in the Middle East. Market surveys conducted in Lagos and other states showed that some filling stations and independentmarketers raised…
Former Anambra State governor and 2023 presidential candidate, Peter Obi, has formally registered as amember of the African Democratic Congress (ADC), stating that he intends to challenge aspects of therecently passed Electoral Act 2026 in court over concerns about its implications for future elections.Obi completed his party registration on Saturday, March 7, 2026, at his…
U.S. President Donald Trump has said he believes he must be personally involved in determining whobecomes the next leader of Iran following the death of the country’s Supreme Leader, Ali Khamenei.In an interview published on March 5, 2026, Trump told Axios that the United States should play a directrole in selecting Iran’s next leader. The…
he Federal High Court on Thursday discharged and acquitted suspended Deputy Commissioner of Police, Abba Kyari, of a 23-count charge bordering on alleged non-declaration of assets filed against him by the National Drug Law Enforcement Agency. Justice James Omotosho, who delivered the judgment, held that the anti-narcotics agency failed to provide sufficient evidence to establish…
Nigeria’s largest privately owned refinery, the Dangote Petroleum Refinery, has reassured Nigerians that it will prioritise domestic supply to prevent fuel scarcity in the country despite the ongoing crisis in the Middle East and the resulting volatility in the global oil market. In a statement on Thursday, the refinery said it remains committed to serving…
The Kano State House of Assembly on Thursday commenced impeachment proceedings against the Deputy Governor, Aminu Abdulsalam, over alleged misconduct, abuse of office, and breach of public trust. The impeachment notice was presented on the floor of the House by the Majority Leader, Lawan Dala, and read by Speaker Ismail Falgore during plenary. According to…
Newly sworn-in Inspector-General of Police, Tunji Disu, on Wednesday inaugurated a committee on the establishment of state police. As part of ongoing discussions on policing reforms, President Bola Tinubu, had, last Wednesday, during the breaking of fast with senators at the Presidential Villa, Abuja, urged the leadership of the 10th Senate to initiate constitutional amendments…
The Central Bank of Nigeria (CBN) has announced that the country’s gold reserves have risen to $3.5billion, following the addition of locally sourced and refined gold to its external reserves.The disclosure was made on Wednesday, March 4, 2026, in a statement by the apex bank, which saidthe increase was achieved through the National Gold Purchase…
