April 2026 – Page 120

NMDPRA Assures Nigeria of Stable Jet Fuel Supply

19.04.2026

The Nigerian Midstream and Downstream Petroleum Regulatory Authority on Friday moved to calm rising concerns in the aviation sector, declaring that Nigeria currently has sufficient aviation fuel stock to last over two months. The regulator also dismissed reports of an imminent price spike to N3,300 per litre, describing such claims as inaccurate and misleading. In...

FCCPC Denies Banning Airtime Borrowing & Data Advances

19.04.2026

The Federal Competition and Consumer Protection Commission (FCCPC) has dismissed claims that it banned airtime borrowing and data advance services in Nigeria, describing the reports as false and misleading. The commission clarified that it did not issue any directive stopping telecom operators from offering such services, stressing that Nigerians remain free to access lawful value-added...

Business

MAN Rejects Petrol Import Proposal, Cites Economic Harm

19.04.2026

The Manufacturers Association of Nigeria has urged the Federal Government to reject policy recommendations suggesting the reinstatement of petrol import licences, describing the proposal as flawed and harmful to Nigeria’s industrialisation drive. The position follows the now-retracted recommendation by the World Bank in its April 2026 Nigeria Development Update. In a statement on Friday, Director-General...

FCCPC Denies Airtime Borrowing Ban, Blames Telcos for Servic

19.04.2026

The Federal Competition and Consumer Protection Commission has dismissed widespread claims that it banned airtime borrowing and data advance services in Nigeria, describing the reports as false, misleading, and driven by vested interests resisting regulatory reforms. The clarification follows a wave of public concern triggered by viral social media posts and some media reports suggesting...

CBN unveils Nigerian Overnight Financing Rate for money mark

19.04.2026

The Central Bank of Nigeria on Friday announced the introduction of the Nigerian Overnight Financing Rate as a new benchmark for the country’s money market, aimed at improving transparency and strengthening monetary policy transmission. The disclosure was contained in a press statement issued by the CBN’s Acting Director of Corporate Communications, Hakama Sidi-Ali. According to...

Doctors Storm Lagos Streets, Protesting Police Harassment

19.04.2026

…say arrests, intimidation, threaten healthcare delivery Medical doctors in Lagos, under the umbrellas of the Nigerian Medical Association (NMA) and the Association of Nigerian Private Medical Practitioners (ANPMP), staged a rare joint protest on Saturday, raising alarm over what they described as persistent harassment, intimidation, and unlawful arrests by security agencies, particularly the police. At...

Shekoni-Balogun Urges Police Collaboration On Waterways Security

18.04.2026

The CEO of Tarzan Jetties and Tarzan Maritime Enterprises, and President, Association of Tourist Boat Operators and Water Transporters of Nigeria (ATBOWATON), Engr. Ganiyu Shekoni-Balogun has called on the Inspector-General of Police, Mr Olatunji Disu, to strengthen collaboration between the Maritime Police and stakeholders in the water transportation sector to address safety and security challenges....

Kegites Club Adopts New Constitution After Years Of Rebuilding

18.04.2026

In a defining moment for one of Nigeria’s most enduring social fraternities, members of the Kegites Club have formally adopted a new constitution, marking a major step in the group’s long-running effort to rebuild and reposition itself beyond its university roots. The decision was reached on Saturday, April 18, 2026, at Martinos Hotel and Suites...

Group Seeks Tinubu’s Intervention On Investors Compensation

18.04.2026

The Committee of Youth on Mobilisation and Sensitisation (CYMS) has called on President Bola Ahmed Tinubu to urgently intervene in the lingering dispute involving Winhomes Global Services Limited and diaspora investors affected by the Lagos-Calabar Coastal Road project. In a communiqué jointly signed by Chief Obinna Nwaka and Hon. Tayo Tola Agbaje, the group expressed...

Goronyo Hails Tinubu’s Efforts On Security, Rule Of Law

18.04.2026

The Minister of State for Works, Barrister Bello Mohammed Goronyo, has commended President Asiwaju Bola Ahmed Tinubu for his unwavering commitment to advancing the Renewed Hope Agenda, which prioritises security and the promotion of the rule of law, among other pillars essential for national growth and development. Goronyo stated this at the presentation of the...