General
Buhari Inaugurates Locally-Built Boats to Strengthen Defence
By Adedapo Adesanya
President Muhammadu Buhari has inaugurated a locally-built Seaward Defence Boat (SDB) 111 in Lagos State to boost the nation’s water territories.
According to a statement by his presidential aide, Mr Femi Adesina, the vessel was inaugurated on Thursday and was built by NNS Oji, the third of its series to be built by the Nigerian Navy.
President Buhari during the event noted that the new inductions to the Naval fleet would increase the agency’s capacity in securing the nation’s maritime domain.
‘‘We should note that we are in a critical period where our country is faced with a serious decline in our revenue and the security challenges we are facing,” Mr Buhari added, urging the personnel to make good use of the platforms as well as maintain professionalism.
‘‘The present realities, therefore, call for prudent resource management, innovativeness, accountability, and careful maintenance. I wish to reiterate that despite these challenges, our administration is very determined to ensure that the Navy is well supported to achieve its statutory responsibilities.
“Let me assure you that the Government will continue to support the ideals of the Nigerian Navy in the performance of its constitutional duties. God bless the Nigerian Navy, God bless the Federal Republic of Nigeria. Onward Together,” he further said.
Mr Buhari further said that the Nigerian Navy is a major contributor to the country’s economy.
The President, according to the statement, also lauded the Nigerian Navy for keeping a steady course in its local content development drive, also restated the Federal Government’s resolve to equip the agency.
‘‘I commend the business dependability of Messrs OCEA Shipyard – France, the builders of our Navy’s first-ever purpose-built Offshore Survey Vessel for a conclusive and successful execution of the contract.
“Local partners should share in this commendation for their efforts at local facilitation as outlined in the Government’s local content policy,” he said.
While acknowledging the efforts of the Nigerian Navy in securing Nigeria’s vast oil and gas industry, he said the Navy is a major contributor to the nation’s economic development.
“Arrests of those involved in illegalities have yielded results as some pirates, illegal bunkering syndicates, pipeline vandals and other miscreants have been convicted during this year,” Mr Buhari added.
“Such successes were made possible through the enforcement of our new anti-piracy law on Suppression of Piracy and Other Maritime Offences Act 2019.
“Furthermore, the provision of the new policy directives by the current administration of the Navy codified in such documents as the Nigerian Navy Strategic Plan 2021-2030; the Chief of the Naval Staff Strategic Directive 2021-5 and the Total Spectrum Maritime Strategy have given the Service credible guidelines and leverage for improved operational efficiency,” the President stated.
General
ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
General
Dangote Refinery Warns Against Artificial Petrol Scarcity
By Modupe Gbadeyanka
Local crude oil refiner, Dangote Petroleum Refinery, has kicked against attempts to put consumers of premium motor spirit (PMS), otherwise known as petrol, under untold hardship in the country.
The company, which commenced nationwide sales of the product at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations, appealed to Nigerians to report any of its marketers who sell above this price.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable.
“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the Lagos-based refinery said in a statement.
It noted that the significant price reduction was part of its mission to deliver affordable fuel to consumers and stabilize the downstream petroleum market.
With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.
Dangote Refinery applauded marketers who have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.
Historically, the festive season has been associated with fuel scarcity and sharp price hikes. However, Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship. Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters the supply dynamics during the holiday period.
By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 0800 123 5264,” the refinery said.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” it added, reaffirming its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.
“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery concluded.
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