Petrol supply has continued to be on and off across the country forcing many filling stations not to dispense the product, Daily Trust investigations in the Federal Capital Territory (FCT) and many states across Nigeria have shown. Our investigations show that the product sells for close to N1,000 per litre at some stations belonging to members of the Independent Petroleum Marketers’ Association of Nigeria (IPMAN) in satellite towns of the FCT; while motorists spend countless hours queuing at outlets of the Nigerian National Petroleum Company Limited (NNPCL) and a few Major Oil marketers dispensing in Abuja city. The IPMAN blamed…

The Presidency is aware of the various failed attempts by a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited, to take over offshore assets of the Federal Government of Nigeria through subterfuge. The Federal Government is not under any contractual obligation with the company. The case in which Zhongshan is trying to use every unorthodox means to strip our offshore assets is between the company and the Ogun State Government. The federal government is fully aware of efforts being made by the Ogun state government to reach an amicable resolution to the matter. It must be said without any equivocation…

Nigeria's headline inflation rate fell in July for the first time in well over a year, dipping to 33.40% in annual terms (NGCPIY=ECI) from 34.19% in June, data from the statistics agency showed on Thursday. Analysts had said June's reading could mark the peak in inflation as currency devaluation effects start to fade. July's slowdown will bring some relief to frustrated Nigerians, who protested this month over cost-of-living pressures and governance issues in Africa's most populous nation. Price pressures have been stoked by President Bola Tinubu's decision to remove a decades-old fuel subsidy, devalue the naira currency and hike electricity…

The United Nations Children’s Fund (UNICEF) has raised concerns about the 8-15% dropout rate among adolescents in primary and secondary schools across the Southwest region of Nigeria, which includes Ekiti, Oyo, Lagos, Ondo, Osun, and Ogun states. UNICEF’s Education Specialist, Azuka Menkiti, highlighted these concerns following a two-day regional stakeholders meeting on strategies for improving retention, transition, and completion rates among out-of-school children. The meeting, which took place in Ibadan, aimed to address the challenges facing education in the region. Menkiti reported that while the completion rates for primary and secondary education among adolescents aged 10 to 18 are currently…