Category: Business

Lagos Escapes Yuletide Tragedy: No Casualties in Ojuelegba 40ft Container Accident

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Traffic on the busy Ojuelegba Bridge in Lagos was halted on Wednesday, December 24, 2025, after a 40ft container truck overturned. The Lagos State Traffic Management Authority (LASTMA) confirmed the incident, stating that the loaded Mack truck fell while traveling inward toward the National Stadium in Surulere. According to LASTMA spokesperson Taofiq Adebayo, the fallen container completely blocked the bridge, forcing emergency responders to divert all vehicular movement from Fadeyi and Onipan through the Ojuelegba service lane to connect with Funsho Williams Avenue. Taofiq Adebayo, the Director of Public Affairs…

Diplomatic Clarity: China Distances Itself from Illegal Mining Activities

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The Federation of China Mining Federation of Nigeria has debunked reports alleging that Chinese mining companies are infiltrating Nigeria’s solid minerals sector and engaging in illegal activities, describing the claims as false and misleading, restating its commitment to Lawful Mining in Nigeria. This was contained in a statement issued by the Chinese Embassy in Nigeria on Tuesday, December 23, the federation said it had observed the recirculation of media reports alleging some Chinese nationals of illegal mining, seizure of critical mineral resources, environmental damage, and even fuelling terrorist activities in…

NDLEA Arrests Female Lagos Drug Kingpin; 23.5kg Cocaine Stashed in Kids’ Room

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……. Agency Intercepts Italy-Bound Opioids, Nabs Businessman and Beninoise National in Raids In its relentless mission to purge Nigeria of narcotics, the National Drug Law Enforcement Agency (NDLEA) has dealt a decisive blow to a persistent cocaine trafficking syndicate. Barely twenty months after the high-profile arrest of cartel leaders Bolanle Lookman Dauda and Olayinka Toheebat Dauda across Lagos and Ogun—resulting in multi-billion-naira seizures—operatives have apprehended another key figure who had been a fugitive since May 2024. Shodunke Yetunde Simbiat, a high-ranking member of the syndicate, was nabbed at her Lagos…

Championing the Blue Economy: Shippers’ Council Bolsters Cargo Security, Stakeholder Rights.

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… Operational Transparency: Police Call for Direct Reports on Maritime Irregularities The Executive Secretary/CEO of the Nigerian Shippers’ Council, Akutah Pius Ukeyima, Esq, MON, Ph.D, FCILT has vowed to uphold strict safety standards and protect the rights of port users within Nigeria’s transport value chain. Speaking in Lagos on Friday, December 19, at a session dedicated to resolving Stakeholders cargo clearance disputes, organized by the Port Economic Regulator (Shippers Council), the NSC Chief, reiterated that the Council remains the ‘guardian of the ports,’ dedicated to ensuring a seamless and equitable…

Oil Sector Shake-up: NMDPRA CEO Farouk Ahmed Quits Amid Corruption Allegations …….. President Tinubu accepts resignation and swiftly names a successor following explosive claims of economic sabotage

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Farouk Ahmed, the chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has resigned following a meeting with President Bola Tinubu. Tinubu, on Wednesday, December 17, invited Ahmed to the Presidential Villa in Abuja, over the ongoing allegations of economic sabotage and corruption. Recall, on Monday, December 15, Dangote had alleged that Ahmed Farouk “paid $5 million” to a Swiss secondary school for his children’s education, describing the act as “economic sabotage and corruption”.

Brazil Cocaine Bust: Vessel Seized, 21 Detained as NDLEA Intensifies Port Crackdown

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…. .. “Nigeria will not be your foothold,” Marwa warns global cartels, following a court-ordered 14-day detention of the merchant ship A Federal High Court order has authorized the NDLEA to detain the MV San Antonio and 21 crew members after a 25.5kg cocaine shipment from Brazil was intercepted at the Apapa seaport. The discovery, made on December 6, 2025, followed a precise intelligence-led raid. With the vessel now under guard, its international crew—including the captain and sailors from Russia, Ukraine, Azerbaijan, and the Philippines—is being held as the agency…

End of “Miracle Centers”? FG Blocks SS3 Transfers to Uphold Exam Standards

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The Federal Ministry of Education has imposed an immediate ban on student transfers into Senior Secondary School Three (SS3) classes across all public and private secondary schools nationwide, effective from the 2026/2027 academic year. This major policy shift was officially communicated in a statement released on Sunday, December 14, signed by the Ministry’s Director of Press and Public Relations, Boriowo Folasade. The new policy is believed to be a crucial step in addressing the “increasing incidence of examination malpractice” that continues to undermine the integrity of Nigeria’s education system, ultimately…

NDLEA Busts Major Drug, Seizes US, Canada-Bound Opioids. ……………….Operatives arrest fleeing ‘bandits’ drug supplier’ Gamboli in Niger; uncover clandestine codeine factory in Abia and arrest a woman and son over 1,187kg skunk seizure in Ondo

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Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested 33-year-old Mohammed Sani, alias Gamboli, a notorious supplier of illicit drugs to bandits operating in Shiroro LGA of Niger State. Gamboli, who initially evaded capture three weeks ago, was apprehended in his hideout following actionable intelligence regarding his drug activities. In a statement released on Sunday, December 14, the agency’s Director of Media and Advocacy, Femi Babafemi, confirmed the details of the operation. However, NDLEA operatives first raided Gamboli’s residence at Anguwan Makera, Kuta, on November 20, 2025, where…

Streets of Bauchi Come Alive as Fitness Clubs Hold Annual Grand Walk

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By Bashir Hassan Abubakar Thousands of fitness enthusiasts on Saturday, December 13, 2025, thronged major streets of Bauchi metropolis for the 7th Annual Grand Walk organised by the Bauchi State Coalition of Physical Fitness Clubs (APFCB), reinforcing advocacy for healthy living and social cohesion. The event recorded a massive turnout of fitness clubs operating across the state, alongside the participation of high-profile dignitaries, including the Bauchi State Deputy Governor, His Excellency Mohammed Auwal Jatau; federal lawmakers; the Speaker and members of the Bauchi State House of Assembly; commissioners; as well…

‘Skipper’ Seizure: NIMASA Distances Nigeria from Detained Tanker

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The Very Large Crude Carrier (VLCC) Skipper (IMO 9304667), recently intercepted by the United States Coast Guard and U.S. Navy over alleged crude oil theft and transnational crimes, is not a Nigerian-flagged vessel. NIMASA confirmed this in a statement Friday, December 12. Agency spokesman Edward Osagie clarified that the vessel was operating under a false Guyanese flag at the time of its seizure. According to the agency, Thomarose Global Ventures Limited, the company claiming ownership of the Skipper, is not a registered shipping entity in Nigeria, according to the recent…