Aboyeji described the anointing as indispensable for anyone called into God’s work….
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DSS: How we arrested man who threatened to kill students, teachers in Abuja schools
The court admitted all the documents and items in evidence in the absence of objection from the defence lawyer…
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US Naval blockade of Iran stays until deal is ‘100% complete’ — Trump
He posted on Truth Social that even though Iran declared the Strait of Hormuz “completely open” for the rest of the ceasefire, the American blockade stopping ships that have visited Iranian ports will stay in place.
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FSS Oyo governing council modifies scheme of service
…injects new principal officers The governing council of the Federal School of Surveying (FSS), Oyo has modified the scheme of service, a new guidelines legally documented for management’s day-to-day running of the institution. This was resolved during the 64th council meeting held recently and headed by the council chairman who is also Surveyor-General of the […]
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2027: Nurse declares for Kaduna Assembly seat
Ahead of the forthcoming party primaries, a healthcare professional and unionist, Nurse Ishaku Yakubu, has formally declared his intention to
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CBN Unveil Overnight Financing Rate To Boost Market Transparency
The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has announced the introduction of the Nigerian Overnight Financing Rate (NOFR), a new benchmark designed to enhance transparency, improve monetary policy transmission, and deepen the country’s money market.
The CBN disclosed that the NOFR aligns Nigeria’s financial system with global best practices in short-term interest rate benchmarks.
The rate is expected to improve price discovery, ensure greater transparency, and promote consistent pricing across money market instruments.
According to a statement issued by the CBN’s Acting Director of Corporate Communications, Hakama Sidi Ali, the benchmark will also strengthen the effectiveness of monetary policy, support financial innovation, boost investor confidence, and enhance risk management across the financial system.
With the launch of NOFR, Nigeria joins jurisdictions that operate similar benchmarks, including the Secured Overnight Financing Rate (SOFR) in the United States, the Sterling Overnight Index Average (SONIA) in the United Kingdom, the Euro Short-Term Rate (€STR) in the Eurozone, and the Tokyo Overnight Average Rate (TONA) in Japan.
It also complements African benchmarks such as the Johannesburg Interbank Average Rate (JIBAR) in South Africa.
The benchmark follows a stakeholder engagement session held on February 27, 2026, during which market participants formally adopted the rate.
After securing regulatory approval, NOFR has now come into operation, with the CBN designated as its administrator.
The apex bank stated that it will ensure robust governance, transparency, and the regular publication of the rate to support market confidence and integrity.
CBN Unveil Overnight Financing Rate To Boost Market Transparency is first published on The Whistler Newspaper
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FCCPC Denies Ban On Airtime Borrowing, Data Advance
The Federal Competition and Consumer Protection Commission (FCCPC) has denied reports claiming it banned airtime borrowing and data advance services in Nigeria, describing such claims as false and misleading.
In a statement issued on Friday, the Commission said it had not cancelled, shut down, or prohibited airtime borrowing or data advance services, stressing that no directive was issued to stop consumers from accessing lawful telecom value-added services.
The FCCPC said the clarification became necessary following newspaper reports and viral anonymous social media posts alleging that the Commission was responsible for disruptions in the services.
According to the agency, the claims misrepresented the intent of its Digital Economy and Online Consumer (DEON) Consumer Lending Regulations introduced in July 2025.
The Commission explained that the regulations were designed to address rising consumer complaints over opaque charges, unexplained deductions, aggressive debt recovery methods, poor disclosure standards, and lack of accountability in segments of the digital lending and advance-services market.
It said the rules were aimed at creating a fairer and more transparent system by requiring proper registration, responsible lending practices, clear disclosure of fees and terms, accessible complaint channels, data protection safeguards, and stronger oversight of third-party partners.
The FCCPC further disclosed that some telecom operators had engaged in exclusionary third-party technical arrangements contrary to provisions of the Federal Competition and Consumer Protection Act, 2018.
It noted that operators were initially given a 90-day compliance window beginning in July 2025 to regularise their products and operations, which was later extended until January 5, 2026.
However, the Commission said some affected operators failed to utilise both deadlines and continued operating models that generated consumer complaints relating to deductions, charges, transparency, and accountability.
“Any temporary suspension, restriction, or operational change introduced by service providers should therefore be understood as a business or compliance decision by those operators, not a ban imposed by the FCCPC,” the statement said.
The agency accused unnamed vested interests and foreign collaborators of sponsoring a misinformation campaign to frustrate efforts aimed at promoting safe markets and fair competition.
It urged Nigerians to disregard false narratives on the matter, reaffirming its commitment to protecting consumers, promoting fair competition, encouraging responsible innovation, and ensuring transparent digital financial practices.
FCCPC Denies Ban On Airtime Borrowing, Data Advance is first published on The Whistler Newspaper
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FG unveils youth-driven national action plan to boost inclusive governance
The Federal Government has unveiled a youth-driven National Action Plan IV (NAP IV), signalling a renewed push for transparency, accountability, and inclusive governance in Nigeria. The Minister of Youth Development, Ayodele Olawande, announced the new framework during the 22nd National Steering Committee meeting of the Open Government Partnership in Abuja. Olawande, who also handed over […]
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Kano: SEMA seeks stronger partnership with UNESCO to boost education
Kano State Agency for Mass Education (SEMA) has pledged to deepen its collaboration with the United Nations Educational, Scientific, and Cultural Organisation (UNESCO) to
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JetA1: Nigerian Govt speaks on aviation fuel price, assures robust supply
The Nigerian government has made a clarification on the price of aviation fuel, known as JetA1.
A statement by the spokesperson of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, George Ita-Enang explained that JetA1 stood at N1,960 per liter to N2,800 per liter, not above N3,000.
This comes as airline operators threaten to hike airfares and shut down operations amid the rising price of JetA1.
Reacting, NMDPRA assured the public that there is a robust supply of aviation fuel in the country with an inland stock sufficiency of 12 days and a refinery stock sufficiency of 62 days.
“Making a total of 74 days of national sufficiency,” the regulator stated.
“It is imperative to note that like other petroleum products, aviation fuel has been fully deregulated, and the price is driven by market dynamics.
“The prevailing ex-Gantry price of aviation fuel at Dangote Petroleum Refinery & Petrochemical Company (DPRP) is N1,879 per liter, which is slightly lower than the international indicative supply cost of N1,900 per liter in Lagos as of the 16th of April 2026.
“Meanwhile, the nationwide retail prices surveyed by the NMDPRA as of 17th April 2026 ranges between N1,960 per liter and N2,800 per liter. Therefore, the speculated N3,309 per liter price of aviation fuel being peddled in the media does not reflect current market reality.
“The NMDPRA, in line with its mandate, will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply of petroleum products and profiteering across the country.
“While appreciating the continued efforts of all stakeholders in the aviation fuel supply chain in ensuring adequate supply and distribution of the product, the public is hereby assured of NMDPRA’s continued commitment to guarantee energy security in the country,” the statement said.
DAILY POST reports that the minister of aviation and aerospace development Festus Keyamo urged airline operators to halt plans to hike airfares and shut down services in Nigeria.
JetA1: Nigerian Govt speaks on aviation fuel price, assures robust supply
