Author: Mujeedat
In a decisive move to safeguard Nigeria’s domestic vegetable oil industry, the Nigeria Customs Service has announced a major crackdown on illegal imports, deploying intelligence-led operations designed to prevent illicit trade from strangling local businesses and wiping out jobs in the agricultural sector. Comptroller-General of Customs Adewale Adeniyi announced the intensified anti-smuggling drive on Friday, June 5, 2026, while meeting with vegetable oil industry stakeholders at the Service Headquarters in Maitama, Abuja. Adeniyi affirmed the Service’s dedication to eliminating smuggling through strategic enforcement, intelligence collection, and collaboration with industry partners. He emphasized that Customs and vegetable oil operators…
Nigeria is moving closer to the 2027 general elections while the country grapples with deepening economic difficulties, widespread insecurity, and growing public anger toward leaders who have failed to deliver meaningful progress. Against this backdrop of national frustration, a new political figure has emerged seeking to reset the country’s direction through presidential candidacy. Professor Oluwamuyiwa Favour Ayodele, who goes by the name The Carpenter, has officially declared his intention to compete for the presidency of the Federal Republic of Nigeria. His entry into the political scene represents something beyond conventional election participation. Ayodele describes himself as a force for…
The Nigeria Union of Journalists will hold a two-day National Security Summit on Thursday, June 18 and Friday, June 19, 2026, in Abuja to strengthen partnership between media organizations and security agencies for national stability and development. The summit carries the theme Media and Security Agencies as Partners in Nation Building. Comrade Abimbola Oyetunde, Chairman of the Organizing Committee, stated in a press release that the Security Summit serves as a high-level platform for substantive dialogue on how journalists and security operatives can collaborate more effectively in protecting the country, managing crisis information, and building public confidence in…
Global oil market operations face additional strain as Yemen’s Iran-aligned Houthis announced Monday they would ban Israel-linked ships from the Red Sea following Israel’s renewed military attacks on Iran, intensifying concerns about global shipping and energy flows. Iran’s closure of the Strait of Hormuz since Israel and the United States attacked it on February 28 has disrupted most oil and energy exports from the Gulf, driving up prices and triggering a major energy shock. Saudi Arabia has responded by redirecting more than 70 per cent of its normal daily crude exports to the Red Sea port of Yanbu,…
Nigeria is experiencing a sharp decline in oil export revenues despite ongoing fiscal reforms by the government, threatening the deployment of infrastructure projects across critical sectors. The World Bank’s Nigeria Economic Update, released in April 2025, forecasted that declining oil prices would negatively impact Nigerian growth in 2025 and 2026, directly affecting the government’s capacity to fund priority spending. In a bid to address the situation, the government introduced a policy in February 2026 requiring centralization of oil and gas revenues to improve control over financial flows between Nigerian National Petroleum Company Limited and the public treasury. However,…
Nigeria is experiencing a sharp decline in oil export revenues despite ongoing fiscal reforms by the government, threatening the deployment of infrastructure projects across critical sectors. The World Bank’s Nigeria Economic Update, released in April 2025, forecasted that declining oil prices would negatively impact Nigerian growth in 2025 and 2026, directly affecting the government’s capacity to fund priority spending. In a bid to address the situation, the government introduced a policy in February 2026 requiring centralization of oil and gas revenues to improve control over financial flows between Nigerian National Petroleum Company Limited and the public treasury. However,…
Delta State Governor Sheriff Oborevwori has expressed profound grief over a deadly train accident in Agbor, Ika South Local Government Area, that killed four people and injured several others. In a statement released by his Chief Press Secretary Sir Festus Ahon, the Governor condolenced with the families of those who died and prayed for the quick recovery of victims undergoing treatment for injuries from the incident. Oborevwori described the accident as heartbreaking and unfortunate, noting that the loss of lives represented a painful tragedy for affected families and the state overall. He assured residents that the state…
Egypt’s Minister of Industry Khaled Hashem has called for the establishment of a stronger trade corridor between Egypt and Nigeria as part of efforts to expand industrial, investment, and trade cooperation under the African Continental Free Trade Area framework. During a series of high-level meetings with international officials and financial institutions at the 35th Annual Meeting and Business Forum of the European Bank for Reconstruction and Development in Riga, Latvia, Hashem discussed opportunities for deepening economic ties with key African partners. The minister held talks with Aminu Umar-Sadiq, Managing Director and Chief Executive Officer of the Nigeria Sovereign…
Securing Nigeria’s maritime gateway has taken a new boost as Comptroller JA Anani, the newly appointed Controller of Customs for Tincan Island Port Area Command, met with Ports Authority Police Command leadership to strengthen inter-agency cooperation. Anani paid a courtesy visit to Commissioner of Police Oluwatoyin Iyabode Agbaminoja on June 5, 2026, at the Ports Authority Police Command Headquarters in Apapa, Lagos. The visit was aimed at fostering stronger inter-agency collaboration and enhancing existing synergy between the Nigeria Customs Service and the Nigeria Police Force in securing the nation’s maritime domain. Speaking during the visit, Anani commended the…
Nigerian students received hands-on training in digital skills, artificial intelligence, online safety, insurance, and financial literacy at the third edition of the FIBOP Youth Capacity Building and Empowerment Programme held June 4, 2026. The event, organized by the Finance and Business Online Publishers Association, took place at the Lagos Chamber of Commerce and Industry in Alausa, Ikeja. Participants showed strong engagement throughout the programme, asking numerous questions and demonstrating genuine interest in mastering practical skills for tomorrow’s workforce. Charles Onwuatogwu, President of FIBOP, opened the event by highlighting education’s critical role in shaping the next generation. He stressed…