Author: Ifetayo Adeniyi

Elegbede Abiodun In Q4’25, FG Incurred N418bn Power Subsidy for Energy. The Federal Government had incurred a subsidy obligation of N418.79 billion in the fourth quarter of 2025 (Q4’25 according to data from the Nigerian Electricity Regulatory Commission, NERC). The electricity market regulator in its Q4’25 Quarterly report, noted that total amount invoiced by the GenCos for energy delivered to each DisCo and the Differential Remittance Obligation- DRO-adjusted Nigerian Bulk Electricity Trading Plc (NBET) invoice to the respective DisCos during 2025/Q4, represented a N39.96 billion (-8.71%) reduction in subsidy compared to N458.75 billion in Q3’25. Government subsidy accounted for 52.30%…

L-R: Regional Bank Head, Southwest 1, Fidelity Bank Plc, Mr. Folaranmi Jemirin; Commissioner for Women Affairs and Social Development, Ogun State, Hon. Adijat Adeleye-Oladapo; Head, Women Banking, Fidelity Bank Plc, Mrs. Harriba Harry-Pepple; Local Government Education Authority (LGEA) Board Chairman, Ogun State, Hon. Oluwaseyi Oyekan; and one of the beneficiaries at Fidelity Bank’s donation of vocational tools to women at the “Give Her Power” Initiative in Abeokuta, Ogun State, recently. In a bold demonstration of its commitment to inclusive growth and sustainable development, leading financial institution, Fidelity Bank Plc has extended its recently launched “Give Her Power” initiative to Ogun…

Manny Ita  – The Nigeria Police Force has announced the nationwide deployment of rapid response teams to ensure tight security across all centers hosting the 2026 Unified Tertiary Matriculation Examination (UTME). The move is aimed at maintaining order, preventing malpractice, and safeguarding both candidates and officials throughout the examination period. According to authorities, the security presence will include strategic patrols, surveillance, and swift intervention units positioned to respond to any emergencies or disruptions. The initiative reflects growing efforts to uphold the credibility and smooth conduct of examinations organized by the Joint Admissions and Matriculation Board. Meanwhile, candidates scheduled to sit…

Manny Ita  – The National Pension Commission (PenCom) has unveiled a new social welfare program, “PenCare,” aimed at improving access to healthcare for vulnerable retirees across Nigeria. The initiative, currently in its pilot phase, is designed to provide free health insurance coverage to pensioners aged 65 and above who earn a monthly pension of ₦40,000 or less. This move is part of broader efforts to strengthen social protection systems and ensure that elderly citizens, particularly those with limited financial resources, can access essential medical services without hardship. According to PenCom, the program will cover a range of basic healthcare services,…

Manny Ita – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the $2.8 billion Ajaokuta–Kaduna–Kano (AKK) Pipeline project is progressing as scheduled and is expected to commence gas supply to Abuja by July. The development marks a significant milestone in Nigeria’s efforts to boost domestic gas utilization, improve energy access, and support industrial growth across key northern corridors. Once operational, the AKK Pipeline is projected to enhance power generation capacity, reduce reliance on alternative fuels, and stimulate economic activities in connected regions. The project is a critical component of the federal government’s broader gas infrastructure expansion strategy. In…

Manny Ita  –  The Speaker of the Oyo State House of Assembly, Adebo Ogundoyin, has firmly denied allegations that he was offered a bribe to facilitate the impeachment of Governor Seyi Makinde, describing the claims as completely baseless and unfounded. Ogundoyin made this clarification amid growing rumors circulating on social media and within political circles, which suggested that certain individuals were attempting to influence members of the Assembly to initiate impeachment proceedings against the governor. He emphasized that no such offer was made to him or, to his knowledge, to any member of the House. The Speaker reaffirmed the Assembly’s…

Manny Ita  – Music icons Fela Anikulapo-Kuti and Sade Adu have made history as the first African artists to be inducted into the Rock & Roll Hall of Fame, marking a landmark moment for African representation in global music. Fela Kuti, the revolutionary creator of Afrobeat, was honored for his groundbreaking sound that blended jazz, funk, and traditional African rhythms, alongside his fearless political activism. His music, which boldly addressed corruption and social injustice, continues to influence artists worldwide and remains deeply relevant decades after its release. Sade Adu, known for her smooth fusion of soul, jazz, and pop, was…

President Bola Tinubu. Credit: File The agreement followed a facility tour of the company’s integrated steel plant, where the Nigerian delegation inspected operations spanning Direct Reduced Iron, pig iron, billets, and ductile iron pipe production. The Federal Government has secured a fresh $1bn steel investment commitment as part of efforts to accelerate industrialisation, with total foreign direct investment in the steel sector rising above $2.2bn under President Bola Tinubu’s economic reform agenda. The latest deal was sealed on Tuesday in Kolkata, India, where the Minister of Steel Development, Prince Shuaibu Abubakar Audu, signed a Memorandum of Understanding with the Rashmi…

President Bola Tinubu unveils NRS corporate headquarters. Credit: Dada Olusegun | X Elegbede Abiodun President Bola Tinubu on Tuesday tasked the Nigeria Revenue Service to embody trust, ensure fairness, and demonstrate that government can be accountable and responsive in its operations, as he inaugurated the agency’s new headquarters in Abuja. In his keynote address at the ceremony held at the NRS headquarters in Abuja, the President said the Service must earn the confidence of Nigerians at home and respect abroad through transparent and equitable revenue administration. “You must embody trust and ensure fairness and demonstrate that government can be accountable,…

Elegbede Abiodun Polaris Bank has graduated 58 exceptional new hires from its flagship Polaris Graduate Intensive Training (PGIT) and Polaris Tech Ignite Programme (PTIP), reinforcing its commitment to building world-class talent in Nigeria. The ceremony, attended by senior leadership and invited guests, celebrated a highly selective cohort drawn from over 10,000 applicants – placing them among the top 0.58% who successfully made the cut. The milestone underscores the bank’s rigorous standards in identifying and grooming future leaders. Addressing the graduates, Managing Director/CEO, Mr. Kayode Lawal, delivered a compelling charge centered on continuous learning and adaptability in a fast-evolving industry. “Never…