General
Lagos Unveils Black Pearl Towers in Eko Atlantic City

By Dipo Olowookere
Lagos State Governor, Mr Akinwunmi Ambode, on Friday evening said the State has the capacity and wherewithal to accommodate those who can dream big and realise their potentials to the fullest.
Governor Ambode, who spoke at the unveiling of the Eko Pearl Towers, a 24-storey state-of-the-art residential building, located within the Eko Atlantic City, Victoria Island, said the core objectives of his administration was to create an enabling environment for local and foreign investors alike to thrive.
The Governor who called up Chief Executive Officer of Eko Pearl Construction Company, Mr Elias Saad and Chief Executive Officer, Chagoury Group, Mr Ronald Chagoury to the stage during his remarks at the occasion, appreciated the duo, saying that they believed in the future of Lagos and did not hesitate to invest.
“Lagos State is looking for dreamers, you are more than a dreamer. What you’ve done here is nothing but just to inspire the rest of the city of Lagos saying that if we join hands together, we can do it.
“Lagos is the land of opportunities and many investment opportunities abound in transportation, entertainment and tourism. Our commitment is to create an environment where your investments are secure and profitable,” the Governor said.
He said the Eko Atlantic City Project, when completed, would go a long way to create employment and wealth for the people of the State.
The Governor added that aside being a major part of the changing face of Lagos, the project was also one of the most anticipated in the history of Nigeria and Africa.
Describing the unveiling of the Eko Pearl Towers as a remarkable day in the history of Lagos State as the Eko Atlantic City gradually comes to life, Governor Ambode said the structure, in all ramifications, represents the new standard for property development in the State.
“Eko Pearl Towers, the first residential development in Eko Atlantic City, is a set of high-rise buildings, privately owned & developed by the Eko Pearl Construction Company. I am told that the tower is a collection of deluxe two, three bedroom & penthouse type apartments with Sea and Marina views.
As we can see, this is a magnificent pearl by all standards, and the new standard for property development in Lagos State,” Governor Ambode said.
The Governor said his administration was embarking on many urbanisation projects which, when completed would deliver a Lagos that will compete favourably with all the mega city-states of the world which Lagosians can be proud of.
“All these efforts will reposition Lagos State, putting it firmly on the international map as not just the financial, commercial and tourist hub of Africa but also to create employment and wealth for our people.”
While congratulating the management of the Eko Atlantic City on the landmark achievement, Governor Ambode said the project was a clear example of the successful Public Private Partnership (PPP) between the State Government and the developer of project.
Mr Ambode seized the occasion to also call on other investors to take a cue from the management of the Eko Atlantic City and Eko Pearl and put their resources in the State, saying that Government was committed to creating an enabling environment for their businesses to thrive.
Earlier, Chief Executive Officer of Eko Pearl Construction Company, Mr Elias Saad, thanked the Lagos State Government for their support in helping him actualise his dream.
He said that the Eko Pearl Towers, also known as the Black Pearl Towers, was a residential high rise building located in the centre of Eko Atlantic City, adding that the White Pearl Tower under construction would also be ready by next year.
”People call me the dreamer, I’m so happy that I was able to actualise my dream in Lagos by delivering the Eko Pearl Towers like I promised,” Mr Saad said.
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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