General
Nigerians to Elect New President Tomorrow Amid Cash, Fuel Crises
By Adedapo Adesanya
Nigerians will, on Saturday, February 25, vote for a person to replace President Muhammadu Buhari for at least the next four years.
The election has been tagged by analysts and observers as one of the most crucial since the country returned to democratic rule almost 24 years ago.
It will also be the seventh straight election that Africa’s largest economy will be holding following the emergence of Mr Olusegun Obasanjo (1999-2003, 2003-2007), late Mr Umaru Musa Yara’dua (2007-2010), Mr Goodluck Jonathan (2011-2015), and incumbent Mr Buhari (2015-2019, 2019-2023).
As Nigerians head to the polls, they are doing this amid a double whammy of cash crunch and fuel scarcity, which are making Nigeria’s high multidimensional poverty population feel the heat.
The Central Bank of Nigeria (CBN) had last year introduced a new policy that involves the conversion of old higher denomination notes to new ones, which has left the average Nigerian scrambling to find cash to buy food and pay for transport.
Proponents say that the policy is good because it has led to an increase in the use of electronic channels, but Business Post independently verified that the electronic channels had witnessed downtime that has left many stranded.
On the other hand, critics have said the policy was not good since poverty is rife and many Nigerians need cash to do daily transactions.
Regardless of calls from several quarters to reverse the policy, President Buhari says no going back but instead allowed the use of old N200 notes but remained adamant on the N500 and N1,000.
This has seen large swathes of crowds at banks, where banks cap their withdrawal limits. Wema Bank in the Idimu area capped its cash withdrawal at N5,000 while some others put theirs at N10,000 daily.
For Point-of-Sale (POS) operators, there is a biting scarcity with a cap of N2,000 per transaction accompanied by a 10 to 20 per cent charge, and in some areas, this goes as high as 35 per cent of the withdrawn amount.
Also, Premium Motor Spirit (PMS), otherwise known as petrol, is once again in short supply even as the Nigerian National Petroleum Company (NNPC) Limited claims that there are 1.805 billion litres of petrol in stock, enough to last for 30 days.
“For March 2023, a total of 2.3 billion litres of petrol is expected, while about 2.5 billion litres, equivalent to 42 days sufficiency, will be the closing stock for the month,” a spokesperson of the state oil company stated.
However, Nigerians have to brace queues and pay higher for the commodity, which currently sells at around N280 per litre in most filling stations.
These are among issues like insecurity, piling debt, and worsening inflation that the next president will face.
To inherit these could be any of the front runners, which include Mr Peter Obi of the Labour Party, who has led in several opinion polls and garnered support from youths; Mr Bola Ahmed Tinubu of the ruling All Progressives Congress (APC) with a loyal fanbase in the Southwest; serial runner Atiku Abubakar of the main opposition Peoples Democratic Party (PDP); and Mr Rabiu Kwakwanso of the New Nigeria Peoples Party (NNPP), a former Kano state governor where he is highly regarded.
General
Gbajabiamila Remains President Tinubu’s Chief of Staff—Presidency
By Modupe Gbadeyanka
The presidency has reacted to speculations that Mr Femi Gbajabiamila has been removed as the Chief of Staff to President Bola Tinubu.
It was alleged that Mr Gbajabiamila has been replaced with the President’s Principal Private Secretary, Mr Hakeem Muri-Okunola.
Mr Muri-Okunola went to Abuja to take up this role after leaving as the Head of Service of the Lagos State Civil Service.
Reacting to the reports on social media on the purported removal of Mr Gbajabiamila, a former Speaker of the House of Representatives, the presidency said no such change has been made.
In a statement signed on Thursday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, members of the public were advised to disregard the report as “there is absolutely no truth to this story.”
“The Chief of Staff remains in his position. The Principal Private Secretary likewise remains in his role. Hakeem Muri-Okunola has not replaced Femi Gbajabiamila as Chief of Staff.
“The viral claim is a fabrication by mischievous purveyors of fake news whose sole aim is to create disharmony within the government.
“We reiterate that news media should always verify their information before publishing or sharing on social media,” the statement said.
General
Eyesan Promises Bold Reset in Nigeria’s Upstream Sector as New NUPRC Head
By Adedapo Adesanya
The new chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, has assumed office with a clear message to advance the country’s upstream oil and gas sector in line with the mandate of the commission as enshrined in the Petroleum Industry Act (PIA) 2021.
According to a statement signed by Mr Eniola Akinkuotu, the Head of Media & Strategic Communications at the upstream regulator, the NUPRC boss made this assertation during her first town hall meeting with management and staff on Tuesday December 23, 2025.
She further disclosed plans to make the commission a business enabler and re-ignite investments in the upstream sector.
Recall that President Tinubu nominated Mrs Eyesan to take over the NUPRC after the abrupt resignation of her predecessor, Mr Gbenga Komolafe as well as his counterpart in the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed.
In her new capacity, Mrs Eyesan also set a firm production ambition of growing Nigeria’s output and increasing gas production.
“The goal is that we must enable the industry, we are regulators. We must enable the industry from our interactions with the stakeholders, from our interactions with everybody.
“My main objective is to ensure that we make a difference. I believe the NUPRC is at the Center of the industry,” she said.
The commission boss who has served for over three decades in the oil and gas sector, promised to entrench digitisation, transparency and efficiency in operations.
The NUPRC head said with the support of staff and management, the NUPRC will become the gold-standard regulator in Africa. She also promised capacity development, stronger technical depth and sustained engagement with stakeholders, unions and professional teams.
On leadership style, Mrs Eyesan promised an open-door policy and frequent staff engagement, while also soliciting for support and cooperation as the industry embarks on the next phase of transformation.
“If we work together we can unleash opportunities, I don’t see impediments only opportunities,” she added.
General
Christmas: Tinubu Calls for Religious Tolerance Amid Rising Insecurity
By Adedapo Adesanya
President Bola Tinubu has called on Nigerians to embrace religious tolerance, peace, and unity, urging citizens of all faiths to reject violence and intolerance amid ongoing security challenges across the country.
In his 2025 Christmas goodwill message issued on Wednesday by his Special Adviser on Information and Strategy, Mr Mr Bayo Onanuga, the President emphasised that no Nigerian should suffer discrimination or violence because of their religious beliefs, reaffirming his administration’s commitment to safeguarding freedom of worship and national cohesion.
“As your President, I remain committed to doing everything within my power to enshrine religious freedom in Nigeria and to protect all people of different faiths from violence,” Mr Tinubu said, noting that all Nigerians have the constitutional right to live, worship, and pursue their aspirations in safety and dignity.
The President acknowledged growing concerns around religious intolerance and insecurity, revealing that he had engaged extensively throughout the year with leaders of Nigeria’s two major faiths.
In the last few months, the country faced a spate of attacks including kidnapping of school children and armed terror, involving the death of a high ranking army personnel.
He also said the government would continue to build on these engagements to strengthen collaboration with religious institutions, prevent conflict, and promote peaceful coexistence.
President Tinubu described Christmas as a period for reflection on the message of Jesus Christ as the Prince of Peace, urging Nigerians to draw inspiration from values of love, compassion, and goodwill that cut across all major religions.
He commended Christians in Nigeria for their contributions to national development, particularly their role in caring for the vulnerable and promoting harmony within communities.
“The love for God and love for humanity is at the heart of all the great faiths. These shared values must continue to bind us together as one indivisible and resilient people,” he said.
Reiterating his administration’s stance on security, the President said the government’s commitment to protecting Nigeria’s unity and stability has remained unwavering since he assumed office in 2023. He stressed that the state would not tolerate violence targeted at any group on the basis of ethnicity or belief.
President Tinubu also appealed to Nigerians travelling during the festive season to exercise patience and discipline on the roads, wishing them safe journeys and returns.
Expressing optimism about the country’s future, the President said that with faith in God and collective resolve, Nigeria would overcome its challenges and build a nation that future generations would be proud of.
He concluded by wishing Christians in Nigeria and around the world a Merry Christmas and Nigerians a happy New Year in advance.
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