Author: Johnson Ajeigbe
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Food Prices Ease Slightly in October as Beans, Garri, Tomatoes Become Cheaper — NBS
Nigerians saw a slight reduction in the prices of several major food items in October 2025, according to new data released by the National Bureau of Statistics (NBS). The agency said the prices of brown beans, white garri, tomatoes, and local rice declined compared to the same period last year, offering a small measure of…
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Lagos Begins Negotiations for Second Privately Owned Refinery
The Lagos State Government has confirmed that discussions are underway with a private investor interested in building a second privately owned refinery in the state. The disclosure was made by the Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Abiodun Olumide, during an Economic Roundtable organised by the Ministry of Economic Planning and Budget’s…
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IATA Warns Aircraft Shortage May Last Until 2034 as Backlog Hits 17,000 Orders
The International Air Transport Association (IATA) has warned that the global shortage of aircraft may continue for another decade, with supply levels unlikely to return to normal before 2031–2034. The association said the aviation industry is still struggling with severe delivery delays, a fast-growing backlog of orders, and years of production shortfalls that have left…
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CBN Approves 82 Fully Licensed BDC Operators in Nigeria
The Central Bank of Nigeria (CBN) has confirmed that only 82 Bureau De Change (BDC) operators currently hold valid licenses to operate in the country. The announcement, made on Monday through a statement signed by the Bank’s spokesperson, Hakama Sidi Ali, marks one of the most significant regulatory actions taken by the apex bank in…
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Benue Police Assure Parents That Schools Are Safe Amid Rising Security Concerns
The Benue State Police Command has assured parents, students, and residents that schools across the state remain safe, despite growing concerns over insecurity in different parts of Nigeria. The Commissioner of Police, Mr. Emenari Ifeanyi, gave the assurance on Friday during a media briefing in Makurdi, the state capital. Mr. Ifeanyi explained that the command…
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CBN Eases Cash Rules in Major Policy Shake-Up
The Central Bank of Nigeria (CBN) has announced major changes to its cash-handling regulations, scrapping the ceiling on cash deposits and raising the weekly withdrawal limit across all platforms to N500,000, a significant increase from the previous N100,000 limit. The move, which takes effect from January 1, 2026, marks a major shift in the apex…
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St. Mary’s School Abductions: CAN Confirms 50 Students Escape, 253 Still Held
Fifty students kidnapped from St. Mary’s Catholic School in Papiri, Agwara Local Government Area of Niger State have escaped from captivity and reunited with their parents, bringing a rare moment of relief in a tragedy that has shaken the nation. The latest update was announced by the state Chairman of the Christian Association of Nigeria…
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CBN Reports Naira Appreciation, Rising Reserves Amid Ongoing Forex Reforms
Nigeria recorded a slight but notable improvement in its foreign exchange market on Tuesday as the Naira appreciated for the first time in weeks at the official window. The development comes at a time when the country’s foreign reserves are also rising, reaching levels last seen seven years ago. According to fresh data published by…
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‘Schools Must Be Safe Havens’ — Northern Governors React to Kebbi Abductions
The Northern States Governors’ Forum (NSGF) has condemned the abduction of 25 students from Government Girls Comprehensive Secondary School, Maga, in Danko/Wasagu Local Government Area of Kebbi State, describing the incident as another painful reminder of the growing insecurity affecting schools in the northern region. The attack, which also led to the killing of the…
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Nnamdi Kanu’s Former Lawyer Urges Tinubu to End Disobedience to Court Orders
Pioneer lead counsel to the detained leader of the Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu, Barrister Vincent Egechukwu Obetta, has appealed to President Bola Ahmed Tinubu to take urgent executive action regarding what he described as the unlawful and prolonged detention of the separatist leader. Obetta, who addressed journalists in Enugu on Monday,…