Author: Joy Ananias

The National Bureau of Statistics NBS will engage stakeholders ahead of Nigeria’s December inflation release.The meeting is scheduled for Monday to discuss expectations and trends in the Consumer Price Index.Analysts anticipate a temporary halt in the disinflationary trend due to year-end spending.Base-year effects are also expected to contribute to a short-term increase in inflation. CardinalStone projected December headline inflation to reach 32.07 percent year-on-year.Similarly, Coronation Asset Management predicted a sharp year-end inflation rise due to statistical effects.The firm attributed the projected increase to festive-season demand and higher logistics costs.Food prices are also expected to rise amid tighter market supply and…

MA’AM Energy Limited has acquired majority shareholding in Geregu Power Plc, boosting the power sector.Stakeholders in the capital market welcomed the takeover as a major industry milestone.Minority investors and market operators expressed optimism about potential growth and value creation.The transaction marks a new era for Nigeria’s power generation and distribution landscape. Geregu Power’s board disclosed that Amperion Power, owned by Femi Otedola, restructured its ownership.MA’AM Energy acquired a 95 percent equity interest in Amperion Power Distribution Company.This indirectly transferred controlling interest in Geregu Power, affecting 77 percent of its shares.The $750 million acquisition was financed by Nigerian banks with Blackbirch…

The Lagos State Environmental Protection Agency LASEPA has sealed an Hotel over environmental violations.The affected hotel is located within the New Ipaja Scheme II area of Lagos.LASEPA announced the enforcement action through an official statement on Friday.The disclosure formed part of the agency’s intensified crackdown on environmental offenders. According to LASEPA, the sealing followed repeated breaches of environmental regulations.Investigations revealed persistent noise pollution from the hotel’s operations.The agency stated that excessive noise levels violated approved environmental standards.As a result, residents within the area reportedly suffered continuous disturbance. Furthermore, LASEPA noted that the hotel’s activities posed potential public health risks.The agency…

The National Association of Resident Doctors has suspended its planned strike resumption scheduled for Monday.The association described the suspension as conditional and subject to further review.NARD said it will reassess the decision at its next NEC meeting.The meeting is scheduled to begin on January 25, 2026. The decision followed an Emergency National Executive Council meeting held virtually on January 11.The meeting reviewed progress on unresolved demands and engagements with government agencies.NARD confirmed that several stakeholders made fresh commitments toward resolving outstanding issues.These stakeholders included key ministries, agencies, and hospital management bodies. The association also acknowledged the intervention of Vice President…

Victims of the Bodija explosion have demanded fairer compensation following recent government disclosures.The Oyo State Government revealed that N30bn intervention funds remain largely untouched.The Federal Government released the funds after the January 16, 2024 explosion in Ibadan.Consequently, affected residents expressed frustration over delays and uneven compensation distribution. Previously, the Federal Government approved N50bn for Bodija reconstruction and victim support.However, the state disclosed that only N30bn had been released so far.The government also confirmed that the remaining N20bn is still outstanding.Meanwhile, Oyo State said it spent over N24bn from its own resources. Despite these claims, victims insist compensation remains inadequate and…

Nigerian Afrobeats sensation Rema has reflected on his inspiring journey in the music industry.The award-winning singer revealed he has been winning awards since he was nineteen years old.He shared this during his acceptance speech at the All Africa Music Awards ceremony.According to Rema, consistency and gratitude have shaped his seven-year journey so far. Signed to Mavin Records at nineteen, Rema entered the industry with confidence and direction.Shortly after, he released breakout singles that instantly captured youth culture.Songs like Iron Man and Dumebi introduced his bold sound and creative identity.As a result, he quickly earned recognition across Nigeria and other African…

Renowned author Chimamanda Ngozi Adichie and her husband, Dr Ivara Esege, mourn a tragic loss. Their 21-month-old son, Nkanu Nnamdi, passed away on Wednesday, January 7, 2026, after a brief illness. The family shared their grief through a statement delivered by Omawumi Ogbe. According to the announcement, the family is profoundly devastated and requests privacy during this sorrowful time. They emphasized the need for understanding as they navigate this emotional period. Supporters and fans are encouraged to offer prayers rather than seek further information. The statement reads, “We’re deeply saddened to confirm the passing of one of Ms Chimamanda Ngozi…

The Lagos State Government has supported an eight-day free healthcare outreach in Lagos.The programme was flagged off by the Special Adviser on Health, Dr. Oluwakemi Ogunyemi.The outreach marks the 86th birthday celebration of Chief Razak Okoya.He is the Chairman of Eleganza Group of Companies. Importantly, the initiative targets hundreds of Lagos residents every day.It focuses on expanding access to quality healthcare services across communities.Lagos State Health District III provides technical coordination and clinical oversight.As a result, all interventions meet approved medical and safety standards. Speaking at the ceremony, Ogunyemi praised the strategic value of health-focused philanthropy.She explained that private support…

At least four people have reportedly died from suspected Lassa fever in Awe, Nasarawa State.The deaths reportedly include two pregnant women, raising serious public health concerns. Following the incident, authorities shut down the General Hospital in Awe.Health workers, including the Medical Superintendent, were immediately placed in isolation. Local findings showed rising concern after a critically ill woman arrived at a health facility.She reportedly displayed symptoms consistent with Lassa fever and died shortly after arrival. Days later, her husband reportedly developed similar symptoms and also died.This development heightened fears of possible community transmission. The Disease Surveillance Officer in Awe highlighted challenges…

The Nigeria Customs Service has announced new procedures for granting safe passage to foreign vehicles.This initiative targets personal vehicles temporarily imported or transiting through Nigeria. According to the service, the policy aligns with the Nigeria Customs Service Act, 2023.It also reflects international conventions governing temporary vehicle admission and transit. The framework applies to non-commercial vehicles owned by international travellers.These travellers may visit Nigeria for tourism, business, diplomacy, or personal reasons. Importantly, the policy aims to simplify cross-border travel and vehicle movement.At the same time, it strengthens Nigeria’s compliance with global trade obligations. The Customs Service stated that the initiative supports…