Capital importation into Nigeria rose by 101.8 per cent year-on-year to $16.41 billion in the five months to May 2026, up from $8.13 billion recorded in the same period of 2025. The increase was largely driven by Foreign Portfolio Investment, which rose by 114.42 per cent to $15.61 billion from $7.28 billion. FPI accounted for 95.12 per cent of total capital importation during the period, compared with 89.54 per cent […]
Nigerian teachers have demanded improved welfare, better working conditions, career progression, employment opportunities, safer schools and increased investment in teaching and learning as the Federal Government and state governments pledged continued support for the profession. The demands were made as Nigeria marked the 2026 World Teachers’ Day. The Federal Government, through the Minister of Education, Tunji Alausa, pledged to strengthen the profession through professional development, improved working conditions, appropriate resources […]
The Dangote Petroleum Refinery has stopped selling Premium Motor Spirit, commonly known as petrol, to major marketers who import petroleum products into Nigeria. A refinery official said the decision was based on concerns that some importers were blending Dangote’s Euro-5 petrol with imported products of uncertain quality. The refinery said it preferred to sell to independent marketers and other buyers who do not import petrol. The development has raised concerns […]
The average prices of petrol and diesel in Nigeria rose by 86.3 per cent between January and September 2026, reaching their highest average levels for the year by September 22, according to the latest fuel price trend report by PriceandPromo. The report put the average price of petrol at N1,378 per litre and diesel at N1,899 per litre as of September 22. Petrol increased by 80.8 per cent from its […]
A Nigerian Air Force ATR-42 aircraft travelling from Benin City, Edo State, to Lagos disappeared from radar shortly after take-off on Monday before crashing into a swampy area in Igbokoda, Ilaje Local Government Area of Ondo State. A senior air traffic controller said contact with the aircraft, with tail number NGR 931, was lost at about 9:13am despite efforts to re-establish communication. The Nigerian Air Force said the aircraft was […]
Former Vice President Atiku Abubakar has commended Nigerian teachers for their contribution to education and promised to improve their welfare if elected. In a Teachers’ Day message, Atiku said teachers remained central to national development but were facing economic hardship and difficult working conditions. He promised that his administration would focus on reducing the cost of living, creating decent employment and improving the welfare of teachers and other workers. Atiku […]
Several people are feared dead after a helicopter crashed in a swampy area of Igbokoda, headquarters of Ilaje Local Government Area of Ondo State, on Monday. The number of casualties has not been confirmed, although a source said some occupants of the helicopter may have died in the crash. Police and military personnel were deployed to the area for rescue operations. The Ondo State Police Command confirmed the crash and […]
The National Agency for Food and Drug Administration and Control has seized alcoholic beverages worth about N300 million packaged in sachets and PET bottles below 200ml during enforcement operations in Lagos State. NAFDAC said the operation was carried out at Ile-Epo Market, Ojuwoye Market in Mushin and Oke-Arin Market on Lagos Island. Some distributors and retailers were arrested during the exercise. The agency said the products were being hoarded amid […]
One person has died while several others sustained injuries after a commercial bus carrying 21 passengers somersaulted and caught fire along the Oko-Olowo Expressway in Ilorin, Kwara State. The accident occurred around Iye-Maja Junction on Sunday after the bus reportedly suffered a punctured tyre, causing the driver to lose control. The Kwara State Fire Service said firefighters rescued passengers from the burning vehicle and evacuated those injured to hospital for […]
