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Former Osun State Governor Rauf Aregbesola declared that the African Democratic Congress will not form alliances with rival political parties ahead of the state governorship election. Speaking in his capacity as the party’s national secretary, Aregbesola ruled out joining any third-force coalition or regional electoral pacts. He insisted that the party’s gubernatorial candidate, Najeem Salam,…
Security agencies deployed 25,310 armed officers across Osun State as sensitive election materials arrived ahead of Saturday’s governorship poll. The Independent National Electoral Commission delivered voting materials directly to Central Bank vaults in Osogbo under heavy military escort. Police authorities sent 15,000 officers, while civil defence corps contributed 10,210 operatives to secure all 30 local…
Yemen’s Houthi rebels launched a drone strike against a major Saudi Aramco refinery in Jizan on Sunday. Saudi emergency crews extinguished the dawn blaze before flames spread across the 400,000-barrel complex. The strike came just two days after Riyadh signed a trilateral security pact with Turkey and Pakistan. Houthi military spokesman Yahya Saree claimed full…
The White House imposed mandatory price floors and a 15 percent tariff on polysilicon products on Thursday to block Chinese domination of critical tech supply chains. President Donald Trump signed the Section 232 executive proclamation to shield domestic producers of the vital raw material used in computer chips and solar panels. Chinese dumping strategies drove…
Police authorities deployed 15,000 operatives across Osun State ahead of the upcoming governorship election. The state Commissioner of Police (CP), Samuel Etaifo Erale, announced the massive security apparatus to reassure voters and deter potential troublemakers. Uniformed officers, tactical units, and intelligence personnel will cover all polling units and collation centres statewide. High-profile security presence aims…
Nigeria’s National Economic Council approved a $4.5bn crude oil-backed loan refinancing deal to defend the naira. The new credit package replaces the $3.3bn pre-export finance deal from 2023 under Project Gazelle. The transaction allocates $1.5bn to settle existing obligations from the previous agreement. The central bank receives the remaining $3bn directly to rebuild national external…
Oyo State Governor Seyi Makinde, former Ekiti State Governor Kayode Fayemi, and former Osun State Governor Olagunsoye Oyinlola met former President Olusegun Obasanjo at his Abeokuta residence to map strategy for the 2027 general elections. The closed-door consultation underlines growing unease within opposition circles over the direction of the country under President Bola Tinubu. Cross-party…
Labour Party presidential candidate Peter Obi has promised to sell off the majority of Nigeria’s presidential air fleet to curb wasteful state spending. Speaking at a political gathering, Obi declared that maintaining over ten luxury aircraft during an economic crisis remains an unpardonable waste of public funds. He argued that the funds saved from maintaining…
Nigerian businesses are borrowing heavily despite punitive interest rates. Credit to the private sector climbed 2.8% to 83.3 trillion naira in June. Fresh Central Bank of Nigeria data confirms the steady credit expansion from eighty-one trillion naira in May. Commercial banks continue to disburse loans to eager corporate and household borrowers. High borrowing costs fail…
Dangote Petroleum Refinery has resumed gantry loading of petrol in local currency after a week-long suspension. The facility simultaneously increased its ex-depot price by N141 to N1215 per litre. The thirteen per cent price hike will immediately force filling stations to adjust pump rates upward across the country. Customer notices reveal that all outstanding, uncollected…
