Author: Ifetayo Adeniyi

Manny Ita  – Rising global oil prices triggered by tensions in the Middle East are driving motorists in Germany to cross into neighbouring Poland in search of cheaper fuel, as pump prices climb sharply at home. According to the German Motorists’ Association (ADAC), the price of a litre of Super E10 petrol in Germany reached 2.01 euros ($2.30) as of Wednesday, while diesel rose to 2.13 euros per litre. The figures represent increases of about 15 percent and 24 percent respectively compared with levels recorded in February. The surge in fuel costs follows disruptions in global oil supply linked to…

Manny Ita  – Retail chain Shoprite has dismissed rumours suggesting it has shut down operations in Nigeria, confirming plans to open two new outlets in Lagos later this month as part of a restructuring strategy. In an interview with Nairametrics, Bunmi Adeleye, Chief Strategy Officer at Retail Supermarkets Nigeria Limited, the company that currently operates the Shoprite franchise in the country, said the retail chain is undergoing a structured turnaround programme aimed at strengthening its operations rather than exiting the Nigerian market. The clarification follows speculation that the supermarket brand had ceased operations in Nigeria after reports that some outlets…

Manny Ita  – A Federal High Court sitting in Ikoyi, Lagos, has ordered the interim forfeiture of a hotel valued at about N1.3 billion allegedly linked to a forex and investment fraud involving Edward Olutoke, the Managing Director of the Ikeja Chamber of Commerce, Industry and Agriculture. The order was granted by Justice A. O. Owoeye of the Federal High Court of Nigeria sitting in Ikoyi, following an ex parte application filed by the Economic and Financial Crimes Commission (EFCC). In a statement posted on its official X account on Friday, the EFCC disclosed that the court directed the temporary…

President Bola Tinubu Elegbede Abiodun Says this arrangement will be dissolved as soon as submission and acceptance of its final report is made. In a move to deepen reforms in the oil and gas industry, President Bola Ahmed Tinubu has approved the establishment of a Presidential Petroleum Reform and Value Optimisation Taskforce to chart the next phase of structural changes in the sector. This was disclosed in statement released on Friday by Bayo Onanuga, the Special Adviser to the President(Information & Strategy). According to the statement business mogul and co-founder of Guaranty Trust Bank, Fola Adeola will head the task…

Lagos, Nigeria – March 2026 – McEnies Global Communications is proud to play a pivotal role in the Weather and Climate Information Services for Resilience (WISER) Health project, a groundbreaking initiative led by the UK Met Office, NiMet, in partnership with the UK Foreign, Commonwealth & Development Office (FCDO) and the Rockefeller Foundation. This project aims to enhance the quality, accessibility, and use of weather and climate forecasts and warnings by Nigeria’s health sector to better address climate-sensitive health challenges. CEO of McEnies Global Communications, Dr. Omolaraeni Olaosebikan.  Aligned with Nigeria’s third Nationally Determined Contribution (NDC 3.0), which calls for…

Manny Ita  – State governments across Nigeria are pushing for a comprehensive forensic audit of the federation’s crude-for-loan arrangements estimated at about $8.8 billion, intensifying calls for transparency over how the oil-backed financing structures are affecting national revenue and statutory allocations to sub-national governments. The demand was raised during recent fiscal discussions involving representatives of state governments and federal officials, where concerns were expressed that oil pledged under repayment agreements may be significantly affecting the funds available for distribution through the federation account. Under crude-for-loan arrangements, portions of Nigeria’s future oil production are committed as collateral to secure loans used…

Manny Ita  – The political landscape within National Assembly of Nigeria is witnessing a significant shift following reports that nine serving senators have defected to the African Democratic Congress (ADC), a development that has ignited renewed debate about the balance of power in the legislature as political actors begin early positioning ahead of the 2027 election cycle. Sources within the Nigerian Senate confirmed that the lawmakers formally notified the chamber of their decision to leave their former political platforms and align with the ADC, citing internal party disagreements, ideological differences and what they described as the need to strengthen alternative…

Manny Ita  – The United States Embassy in Abuja has issued a security alert warning of potential demonstrations expected to take place on Friday, March 13, urging residents and American citizens to remain vigilant and avoid large gatherings across the Nigerian capital and other major cities. In the advisory released through the embassy’s official communication channels, officials stated that they had received information indicating that protests could occur in parts of Abuja and possibly extend to other urban centres across the country. While the alert did not specify the exact locations or groups expected to participate, it emphasized that demonstrations…

Manny Ita  – The Central Bank of Nigeria (CBN) has issued a direct mandate to all commercial, merchant, and non-interest banks to restrict “large-ticket” obligors with non-performing loans (NPLs) from accessing additional credit or specialized financial services. In a circular dated March 12, 2026, referenced BSD/DIR/CON/LAB/019/003, the apex bank characterized the move as a critical step toward safeguarding the stability of the national financial system and curbing systemic credit abuse. The directive specifically targets high-value borrowers whose outstanding debts are classified as non-performing within the Credit Risk Management System (CRMS) or by licensed private credit bureaus. ​Under the new regulatory…

Manny Ita  – Nigeria’s First Lady, Senator Oluremi Tinubu, is facing intense scrutiny following public remarks suggesting that some of the schoolgirls abducted from Chibok in 2014 have refused to return home due to emotional ties with their abductors. Speaking during a recent visit to the United States, the First Lady indicated that government rescue efforts have encountered unexpected resistance from some of the remaining captives. “Even those girls kidnapped during Chibok, they are still trying to rescue them, until they learned recently that most of them fell in love with their abductors,” Tinubu stated, according to reports. “You know,…