Richard Adeolu Adejumobi - thoughtmedianetwork.com

FG Reintroduces Cash Payments at Airport Gates After Traffic Chaos

Abuja — The Federal Government has approved a hybrid payment system for access gates at Nigerian airports following the suspension of the previously introduced fully cashless payment arrangement. The directive was issued after the Minister of Aviation and Aerospace Development, Festus Keyamo, held a review meeting with officials of the Federal Airports Authority of Nigeria […]

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Nigeria Suspends Petrol Import Licences as PIA Enforcement Begins.

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Abuja — Nigeria has suspended the issuance of petrol import licences for a second consecutive month as regulators begin enforcing provisions of the Petroleum Industry Act that restrict fuel imports to situations where domestic supply is insufficient. The move signals a shift in Nigeria’s downstream petroleum policy, as authorities increasingly prioritise local refining capacity to

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Dangote Refinery Assures Fuel Supply Stability Amid Global Oil Market Volatility

Lagos — The Dangote Petroleum Refinery says it will continue to meet Nigeria’s fuel demand despite growing disruptions in global energy markets, assuring consumers of stable domestic supply. Speaking during a media chat, Managing Director and Chief Executive Officer David Bird said the refinery’s local production capacity is helping shield Nigeria from supply shocks affecting

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OPEC members Slash Oil Output as Global Supply Tightens

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Riyadh — Several leading oil-producing countries in the Middle East have reportedly implemented significant production cuts, a move that could further tighten global crude supply and heighten volatility in international energy markets. According to a report by Bloomberg News, Saudi Arabia has reduced its oil output by between 2 million and 2.5 million barrels per

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The Unfinished War: Why the US–Iran–Israel Triangle Remains the World’s Most Dangerous Standoff

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The flags may not have changed, but the battlefield has. What began decades ago as a Cold War-era proxy contest has metastasized into a three-way standoff with nuclear undertones, regional proxies, and an increasingly fragile international order unable—or unwilling—to contain it. The hostility between the United States, Israel, and Iran is no longer a regional

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INEC Moves 2027 Presidential Poll to January

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Abuja — The Independent National Electoral Commission (INEC) has revised the timetable for the 2027 General Election following the repeal of the Electoral Act 2022 and the enactment of the Electoral Act 2026.Under the new schedule:Presidential and National Assembly Elections will now hold on Saturday, January 16, 2027. Governorship and State Houses of Assembly Elections

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President of India Arrives in Israel on State Visit

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Tel Aviv — The President of India, Narendra Modi has arrived in Israel for a formal state visit, aimed at strengthening diplomatic, economic, and strategic ties between the two nations. Upon arrival at Ben Gurion Airport, the President was warmly received by Prime Minister Benjamin Netanyahu and Mrs. Netanyahu. The Indian President described the reception

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Monetary Policy Committee of CBN Cuts Interest Rate to 26.5%, as Monetary Policy Easing Begins

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, bringing it from 27 per cent to 26.5 per cent following its 304th meeting. The decision signals the beginning of a cautious monetary easing cycle aimed at supporting economic growth while maintaining

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Tinubu Accepts Egbetokun’s Resignation, Disu Steps In as Acting IGP

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Abuja — What began as speculation earlier in the day has now been formally confirmed. President Bola Ahmed Tinubu has accepted the resignation of Kayode Egbetokun as Inspector-General of Police. Earlier reports circulating online had suggested that Egbetokun had been removed, but there was no immediate confirmation from the Presidency or the Nigeria Police Force

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PENGASSAN Rejects Tinubu’s Oil Revenue Executive Order, Warns of Investor Fallout

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Abuja, February 20, 2026 — The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has rejected President Bola Tinubu’s recent Executive Order on oil and gas revenue remittance, describing it as a “dangerous precedent” that could undermine the Petroleum Industry Act (PIA) and weaken investor confidence in Nigeria’s energy sector. Speaking at a

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