Economy General

NCAA Threatens to Suspend Royal Air Maroc Operations in Nigeria

The Nigeria Civil Aviation Authority (NCAA) has threatened to suspend the operations of Royal Air Maroc in Nigeria over alleged persistent violations of consumer protection regulations and poor treatment of Nigerian passengers. The aviation regulator accused the airline of failing to comply with passengers’ rights obligations, including complaints relating to delays, baggage handling and customer

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Economy Politics

CBN Retains Interest Rate at 26.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5 per cent. The decision was reached at the conclusion of the MPC meeting held in Abuja on Tuesday. Announcing the outcome, CBN Governor Olayemi Cardoso said the committee opted

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Economy General

Commercial Drivers Reject Petrol Price Reduction

Commercial drivers in Port Harcourt have rejected the recent reduction in petrol prices, describing the ₦50 and ₦100 cuts as insignificant and insufficient to reduce their rising operational costs. The drivers said many filling stations are still dispensing petrol at over ₦1,150 per litre, despite the announced price reductions. They also accused some independent marketers

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Politics Economy

CSOs Urge Rivers Government to Adopt Tax Reform Law

A coalition of Civil Society Organisations and Community-Based Organisations in Rivers State has called on the state government to sponsor an Executive Bill for the adoption of the Tax Reform Law. In a statement signed by its spokesperson, Nasigba Peterside, the coalition commended the renewed collaboration between the Executive and the Rivers State House of

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Economy General

South-South Farmers Seek Inclusion in FG Agricultural Intervention Programme

By Wale Sanusi The President of the Niger Delta Integrated Farmers Association of Nigeria, Julius Openha-Wodah, has called on the Federal Government to ensure that farmers in the South-South are adequately considered in the implementation of its agricultural intervention programmes, including the Renewed Hope Farm Input Support Programme. Openha-Wodah made the appeal while reacting to

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Economy General

NANS Threatens Protest Against MTN, MultiChoice Over Xenophobia in South Africa

The National Association of Nigerian Students has threatened a nationwide protest against South African business interests in Nigeria over renewed xenophobic attacks on Nigerians and other African nationals in South Africa. The students’ body said it may shut down the operations of companies such as MTN and MultiChoice as part of planned actions, while also

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Politics Economy

Fubara Presents N1.854tn 2026 Budget to Rivers Assembly

Rivers State Governor, Siminalayi Fubara, has presented the 2026 Appropriation Bill to the Rivers State House of Assembly, proposing a budget of N1.854 trillion for the next fiscal year. The proposal, titled “Budget of Resilience for Growth and Development,” is 24.49 per cent higher than the 2025 appropriation. Governor Fubara said the increase was driven

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Economy General Oil and Gas

Dangote Refinery Begins Free Petrol Delivery to Six States, FCT

Dangote Petroleum Refinery has commenced free delivery of Premium Motor Spirit (PMS), popularly known as petrol, to six states across Nigeria and the Federal Capital Territory, Abuja. The refinery said the initiative is aimed at improving fuel distribution and ensuring easier access to petrol in the affected locations. Despite the free delivery service, the refinery

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Economy

CBN Warns Against Rejection of Standard N100 Note

The Central Bank of Nigeria (CBN) has warned members of the public, businesses, and financial institutions against rejecting the standard N100 banknote, reaffirming that it remains legal tender across the country. The apex bank stressed that all standard N100 notes issued by the CBN are valid for transactions and should be accepted without discrimination. The

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Economy General

Lawyer Raises Concern Over Slow Pace of Rivers Blue Economy Project

Human rights lawyer Chetam Nwala has expressed concern over the slow pace of the Rivers State Government’s Blue Economy project. He criticised the abandonment of the four-kilometre road project linking Ngo Junction to the Atlantic Ocean, saying its completion would have boosted economic activities and development in the area. Nwala also urged the state government

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