General
Price of Kerosene Leaps 0.7% to N400/Litre in August

By Ashemiriogwa Emmanuel
The average price per litre paid by Nigerians for National Household Kerosene increased by 0.7 per cent to N400 in August from N397.34 in July 2021, a report from the National Bureau of Statistics (NBS) has shown.
The National Household Kerosene Price Watch for August 2021 also showed that the value of the commodity rose 15.4 per cent compared with the N346.53 recorded in August 2020.
According to the NBS, the state with the highest average price of kerosene was Enugu, where the household oil was sold to consumers at N494.05 per litre. This was followed by Ebonyi and Cross River where people bought the product for as high as N489.17 and N487.50 per litre respectively.
On the flip side, residents in the core of the Niger Delta region, Bayelsa State, bought the commodity at the lowest average price per litre – N255.56. This was followed by Katsina and Osun States where kerosene was sold for as low as N322.92 and N325.00 per litre respectively.
Meanwhile, the average price of the common household oil sold per gallon also went up by 1.8 per cent month-on-month from N1,302.56 in July to N1,325.39. It also indicated an 8.8 per cent increase compared with the N1,218.48 per gallon in the same time of last year.
Analyzing the price across the states in the country, it was observed that Plateau and Sokoto recorded the highest average cost of the oil per gallon as consumers paid N1,757.14 and N1,580 respectively.
However, in the southern region of the country, precisely in Rivers and Bayelsa, the product was sold at its lowest within the period at N964.75 and N991.67 per gallon, while residents of Yobe State bought the product at N991.67
Zooming out on the analysis, the average kerosene prices per litre across geopolitical zones in the country recorded the highest in the South-East region at N439.58, while the North-West zone recorded the lowest at N354.41 per litre.
The average value of the oil sold per gallon peaked at the North-central zone at N1,377.64 but was sold at its lowest at the south southern part of the country at N1,235.53 within the period.
Business Post reports that this will be the first time since the beginning of this year that the average price of kerosene will jump to as high as N400 per litre and N1,325.39 per gallon across all states.
General
Lagos Launches 2026-28 Medium-Term Sector Strategy Roll-Over Exercise

By Adedapo Adesanya
The Lagos State Government has officially launched its annual Medium-Term Sector Strategy (MTSS) Roll-Over Exercise for the 2026–2028 planning cycle.
According to a statement, this reaffirms its commitment to sustainable development and effective governance.
Speaking at the opening session of the workshop yesterday at the LCCI building, Ikeja, the Permanent Secretary of the Ministry of Economic Planning and Budget, Mrs Olayinka Ojo, welcomed stakeholders and emphasized the importance of the MTSS as a cornerstone in the State’s planning framework.
Mrs Ojo stated that the strategy is to ensure that all projects and programs initiated by Ministries, Departments, and Agencies (MDAs) are not only well-prioritized and realistically costed but also aligned with the Lagos State Development Plan (LSDP) 2052.
Her words, “The vision of our dear State, under the dynamic leadership of Governor Babajide Olusola Sanwo-Olu, is to build Africa’s model megacity — a global economic and financial hub that is safe, secure, functional, and productive.”
“Achieving this vision requires deliberate planning, effective resource allocation, and a disciplined approach to project execution,” she said.
The roll-over session, which gathered representatives – economic planning officers and statisticians/statistical officers from various MDAs and development partners, aims to critically assess ongoing and proposed initiatives for their transformational impact, alignment with sectoral strategies, and responsiveness to current fiscal realities.
“We must ask ourselves: Are these projects truly transformational? Are they aligned with our long-term goals? Are they cost-effective and impactful?” the Permanent Secretary queried, urging participants to embrace openness and professionalism in their evaluations.
The event also underscored the need for flexibility and innovation in government planning amid global uncertainties. Officials called for future-proof and sustainable programs capable of delivering measurable benefits to Lagos residents.
The Economic Planning Department of the Ministry of Economic Planning and Budget was commended for its coordination of the exercise, with special appreciation extended to MDAs and development partners for their continued collaboration.
The roll-over exercise is expected to culminate in a refined set of priorities that will guide Lagos State’s development agenda for the years ahead.
General
UK Distances Self from Soldier Involved in Illegal Arms Deal in Nigeria

By Adedapo Adesanya
The British Government has distanced itself from the actions of Mr Micah Polo, an alleged British army officer, who was recently apprehended in connection with arms procurement and an alleged plot to instigate unrest in Warri, Delta State.
The development has received widespread condemnation with many stakeholders demanding a thorough probe of the indicted soldier and alleging that the UK was fuelling instability in the country.
In a short statement shared with Business Post on Wednesday, the British High Commission acknowledged that the individual identified did serve as a junior rank in the UK Armed Forces Reserves but was later discharged. It didn’t provide further details.
According to a statement credited to an unnamed spokesperson, the British High Commission in the statement said, “The individual identified in recent Nigerian media reporting is not a serving member of the UK Armed Forces.”
The British High Commission added that whilst in the Reserves, Mr Polo was a junior rank not a commissioned officer. Many reports had ascribed him a Major.
This newspaper learnt that UK common law and Data Protection Act protects the personal details of current and former employees, hence why it was not able to release any additional information on the matter.
According to reports, Mr Polo, an Itsekiri by origin, was allegedly recruited by one Collins to procure weapons and ammunition intended to fuel tribal tensions in the oil-rich region.
However, operatives of the Department of State Security (DSS) from the Delta Command were said to have foiled the move on Friday night and arrested the arms supplier during a covert exchange near Asaba, Delta State.
During the operation, over 50 AK-47 rifles, six pump-action shotguns, and more than 3,000 rounds of ammunition were confiscated.
Mr Polo, on the other hand, was intercepted in Lagos as he attempted to board a flight to the United Kingdom, while his associates were apprehended in Asaba during the operation.
General
FG Plans Centre to Tackle Immigration Document Fraud

By Adedapo Adesanya
The Minister of Interior, Mr Olubunmi Tunji-Ojo, has announced plans to establish a harmonised centre to combat immigration document fraud.
Speaking while receiving the UK Minister of State for Home Affairs, Mr David Hanson, in his office in Abuja, Mr Tunji-Ojo highlighted the need for a centralised system to verify documents in real time.
“One of the key issues we also realised with border control is what we call immigration and document fraud. It is very key and we realised that one of the reasons why this is quite on the rise is because there is no centralised pool of authentication and verification of documents in real time.
“So, today, if people submit 20 documents, you might need to go to 20 issuing agencies to verify 20 documents belonging to one person. So, if you have 1,000 people per day, you might need to look for 100,000 verification and authentication systems. That breeds inefficiency,” he said.
Mr Tunji-Ojo added that the centre would authenticate documents like passports, birth certificates, and bank statements, enhancing Nigeria’s image and investor confidence.
“As a government, we are trying to be more proactive than reactive, and we don’t want to judge our performance in terms of fraud by virtue of recoveries or convictions, but rather by the number of crimes or frauds that we prevented from happening,” he stated.
On his part, Mr Hanson emphasised the shared agenda between Nigeria and the UK to improve criminal justice outcomes.
“There is a great common agenda that we can share and I am particularly keen to look at how we are working together closely. My visit this week will also look at the new joint centre that you are undertaking,” he said.
He noted ongoing UK-Nigeria collaboration on migration policies, visa systems, and trade, following Mr Tunji-Ojo’s recent meeting with UK Home Secretary, Ms Yvette Cooper.
The UK delegation included officials from the Home Office, National Crime Agency, and UK High Commission in Nigeria.
-
Feature/OPED5 years ago
Davos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years ago
Estranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years ago
Sort Codes of GTBank Branches in Nigeria
-
Economy2 years ago
Subsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years ago
First Bank Announces Planned Downtime
-
Sports2 years ago
Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN