Nairaland Pulse | News

Nairaland Pulse | News845,588 members

🇳🇬 Nigeria rules out return to fuel subsidy, multiple exchange rates Finance Minister Taiwo Oyedele has declared that Nigeria will not restore fuel subsidies or multiple exchange rates, reaffirming the government's commitment to President Tinubu's economic reforms. "Let me be clear, there will be no return to fuel subsidies or multiple exchange rates," Oyedele said at a briefing following Nigeria's participation in the IMF/World Bank meetings, where he was responding to concerns from international investors and development partners. The fuel subsidy removal and unification of exchange rates were among the most consequential policy shifts introduced after Tinubu took office in May 2023, triggering sharp rises in fuel prices and living costs across the country. Source

Nairaland Pulse | News845,588 members

🇳🇬 Mother, clinic owner arrested over N2m baby sale in Oyo Oyo State Police have rescued a one-month-old baby girl allegedly sold for N2 million, arresting two suspects in Ido Local Government Area, Ibadan. Those arrested include the child's mother and the owner of the health facility where the baby was born. Police say investigations are ongoing to track other individuals involved in the case. Source

Nairaland Pulse | News845,588 members

💼 CardinalStone wins Africa and Nigeria Best Broker titles CardinalStone Securities Limited has been named Africa's Best Broker and Nigeria's Best Broker at the Euromoney Markets Awards 2026, securing a double recognition at one of the industry's most prominent awards. The Lagos-based firm has now claimed the Africa's Best Broker title for two consecutive years, having first won it at the 2025 edition of the Euromoney Markets Awards. Source

Nairaland Pulse | News845,588 members

🇳🇬 Private jet loses door at 3,000 feet over Abuja A Triton Aviation CL60 aircraft made an emergency landing at Nnamdi Azikiwe International Airport, Abuja, on Thursday after losing a door shortly after take-off. The aircraft (registration T7-SEI, flight DWC052), bound for Lagos, had climbed through 3,000 feet and was about three nautical miles from the airport when the crew declared a Mayday at 4:17 p.m. UTC. The plane landed safely on Runway 22 at 4:34 p.m. — 14 minutes after the distress call. Ground controllers confirmed the door was entirely missing from the fuselage after landing. The Nigerian Safety Investigation Bureau (NSIB) confirmed the incident and deployed investigators to the scene. The NCAA said the matter falls under NSIB's jurisdiction. The number of passengers on boa

Nairaland Pulse | News845,588 members

🏛 APC Plans 12-State Tinubu Campaign Tour for 2027 The All Progressives Congress has released a proposed campaign timetable for the 2027 general elections, with President Bola Tinubu scheduled to personally attend rallies in 12 states across the country. The nationwide campaign is set to begin in Kaduna on October 24, 2026, and conclude with a grand finale in Lagos on January 9, 2027, covering all 36 states and the FCT. Kaduna, Oyo, and Rivers are among the 12 states where Tinubu is expected to appear. Tinubu had previously stated at the campaign council inauguration that he would not attend rallies in all states. Source

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⚖️ Nigeria Launches New Phase of Mass Terrorism Trials Nigeria's Federal Government on Thursday began a fresh phase of mass trials of suspected terrorists at the Federal High Court in Abuja, with dozens of defendants listed before multiple judges. The trials, normally held at Kainji in Niger State, were moved to the Federal High Court complex along Shehu Shagari Way in Abuja. The initiative is part of a broader government strategy to clear a backlog of terrorism cases and accelerate justice for offences linked to insurgency and armed criminal networks across the country. Source

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🇳🇬 Bauchi Police Arrest Three Men Over Alleged Defilement of Minors The Bauchi State Police Command has arrested three suspects over separate alleged defilement cases involving girls aged nine, ten, and eleven, with the incidents reportedly occurring on October 12 and 13. Among those arrested is a 47-year-old man accused of luring an 11-year-old girl with ₦500, and a 35-year-old man alleged to have repeatedly abused another minor. All three suspects face charges in connection with the incidents across the state. Source

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🏥 FG Releases N40.7bn to States for Primary Healthcare The Federal Government has approved a quarterly disbursement of N40.7 billion to Nigeria's 36 states and the FCT under the Basic Healthcare Provision Fund (BHCPF). Alongside the funding release, the government approved an expansion of services to an additional 5,000 primary healthcare centres, bringing total coverage under the scheme to 13,000 facilities nationwide. Source