Author: Press Room

The cost of refilling cooking gas in Nigeria surged in June 2025, with prices for a 12.5kg cylinder rising by 33.52 per cent compared to the same month last year, according to a new report by the National Bureau of Statistics (NBS). The average price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG) climbed to ₦21,010.56 in June 2025, up from ₦15,736.27 recorded in June 2024. On a month-on-month basis, the price also rose by 1.46 per cent from ₦20,709.11 in May 2025. For smaller households using 5kg cylinders, the average refill price increased by 19.49 per cent…

Nigeria’s economy recorded a significant upturn in foreign capital inflows in the first quarter of 2025, driven largely by an influx into the banking and finance sectors. According to data released on Tuesday by the National Bureau of Statistics (NBS), total capital importation rose to $5.64 billion, reflecting a 67.12 per cent year-on-year increase from the $3.38 billion recorded in the same period of 2024. The latest data point to a cautiously optimistic start to the year, buoyed by improved portfolio investment activity and a modest resurgence in investor confidence. However, beneath the headline growth figures, the data reveals a…

The African Democratic Congress, ADC, on Wednesday denied reports that the Independent National Electoral Commission, INEC, refused to recognize its new leadership under David Mark. Mark recently emerged as ADC’s Interim National Chairman and some young Nigerians were elected into the party’s National Working Committee, NWC. But, ADC submitted the names of its new leadership in a report of its 99th National Executive Committee, NEC, meeting to INEC. With the report circulating on social media, there are claims that it is false. However, ADC spokesman, Bolaji Abdullahi, urged Nigerians to ignore the misleading report. Posting on X, Abdullahi wrote: “The…

Dayo Oyewo It was a grim scene on Tuesday as residents of several communities in the Ijede area of Ikorodu, Lagos State, grappled with the aftermath of flash floods that left destruction worth millions of naira in their wake. PUNCH Metro reports that the affected communities include Oko Ope, Anjorin, Abule Eko, and Odetedo. Videos of the flooded areas, which surfaced online on Monday, drew widespread concern, with residents seen pleading for assistance as rising waters submerged their homes and streets. When our correspondent visited the area on Tuesday, residents were seen trying to salvage what remained of their water-damaged…

Remo Stars are fresh of winning the NPFL, but the club owner believes they can’t compete on the continent yet Remo Stars owner Kunle Soname has stated that former Manchester United striker Odion Ighalo is better than all the strikers in the Nigerian Premier Football League (NPFL), Soccernet.ng reports. Remo Stars are fresh off winning the NFPL after knocking on the door for two consecutive seasons. This means that they will be Nigeria’s representative in the CAF Champions League next season. However, club owner, Soname does not believe that his club can go far in the tournament due to what…

A former Minister of Communications, Mr. Adebayo Shittu; the immediate Deputy Governor of Oyo State, Engr. Aderemi Olaniyan, a former Chief of Staff to the late Governor Abiola Ajimobi of Oyo State, and Prof. Gbade Ojo, on Wednesday, said the All Progressives Congress (APC) and President Bola Tinubu need the National Leader of the New Nigeria Peoples’ Party (NNPP), Senator Rabiu Kwankwaso. In the 2023 presidential polls, Kwankwaso was the standard-bearer of the NNPP and garnered over one million votes, winning Kano State. Following the defection of some political gladiators from the APC and the formation of the African Democratic…

A chieftain and governorship aspirant of the Peoples Democratic Party (PDP), Otunba Peter Obafemi, has challenged Ekiti State Governor, Biodun Abayomi Oyebanji, to provide evidence of the roads on which ₦130 billion was reportedly spent within a year. Obafemi, who made the statement in Ado Ekiti on Tuesday while formally declaring his intention to contest the 2026 governorship election, said there was little to show across the state for such a colossal expenditure. Governor Oyebanji had earlier claimed that his administration spent ₦130 billion on road construction and maintenance—an amount he noted was equivalent to the entire budget of the…

Alex Iwobi has a tough decision to make, as the 2025 AFCON will be played in mid-December, when the Premier League is in full swing… Super Eagles midfielder Alex Iwobi has confirmed that he will leave Fulham and join the national team for the 2025 Africa Cup of Nations in December despite its clash with the Premier League schedule, Soccernet.ng reports. The 2025 AFCON is set to take place this December in Morocco. Usually, the competition is played in February, but it was shifted to December due to this busy schedule next year, with the 2026 FIFA World Cup coming…

Debt consolidation often comes up as a smart option for people looking for credit card debt relief or simply wanting to streamline their financial life. It can be a powerful tool, helping to combine multiple debts into one payment, potentially at a lower interest rate. But like any financial strategy, debt consolidation isn’t a cure-all. If not handled carefully, it can lead to more problems down the road. So how do you use debt consolidation wisely and make sure it really works for you?Let’s take a closer look at how to approach debt consolidation with a clear plan and the…

Former House of Representatives candidate for Abeokuta South under the Peoples Democratic Party (PDP), Chief Toyin Amuzu, has reaffirmed his commitment to grassroots advocacy, declaring that he will continue to stand with the people regardless of electoral outcomes. Amuzu, a traditional titleholder and known grassroots mobiliser, made these remarks during a community engagement with youth leaders and stakeholders in Sagamu. Expressing concern over the growing poverty rate and worsening living conditions in the country, Amuzu said his connection to the people remains strong, emphasizing that he would not abandon them, win or lose. “Our first commitment is always to the…