News

Oluwo commends Tinubu for appointing Aina as JAMB registrar

Published

2 weeks ago

May 23, 2026

The Paramount Ruler of Iwoland, HIM Oba Abdulrosheed Adewale Akanbi, has commended President Bola Ahmed Tinubu for appointing Prof. Segun Aina as the registrar of the Joint Admissions and Matriculation Board (JAMB).

The monarch noted that the commendation became necessary because of the intimidating profile and career accomplishments of the new registrar. He expressed further gratitude to the president for engaging the youth in running the affairs of the nation.

This was disclosed in a statement through Oluwo’s Press Secretary, Alli Ibraheem.

Oluwo, while congratulating the new registrar, described his appointment as sustenance of the integrity and credibility his predecessor, Prof. Isiaq Oloyede, symbolises.

Oluwo stated that the JAMB administration has been sanitised by Oloyede.

Oba Akanbi expressed hope in the ability of the new JAMB registrar to improve the status and tempo of quality management built by Oloyede.

Part of the statement reads, “I specially commend President Bola Ahmed Tinubu on the appointment of Prof. Segun Aina as the new registrar of the Joint Admissions and Matriculation Board. His appointment is a reflection of Tinubu’s commitment to identify and involve young and promising talents in his administration”

“Having read his profile and considering his family background with unquestionable records, Segun Aina will undoubtedly improve the tempo of trust and credibility built by his predecessor, Prof. Isiaq Oloyede.

“I congratulate Prof. Segun Aina on this meritorious appointment. I pray Olodumare (God) will lead him through to lead the board constructively.”

News

Police promote 17,952 junior officers

Published

1 week ago

May 30, 2026

The Exclusives

The Nigerian Police has promoted a new set of junior police officers.

The Exclusivesonline gathered that the promotion is part of ongoing efforts to enhance personnel welfare, boost morale, and reward diligence, professionalism, and dedication to duty.

17,952 junior police officers across various ranks in the Nigeria Police Force were promoted.

The Inspector-General of Police (IGP), Olatunji Disu, said the promotion exercise, which spans Commands and Formations nationwide, comprises the elevation of 165 Sergeants to the rank of Inspector, 73 Corporals to the rank of Sergeant, and 17,714 Constables to the rank of Corporal.

He noted that timely promotion remains a critical component of the Force’s human resource management strategy and a key tool for motivating officers to remain committed to discharging their constitutional responsibilities.

The IGP emphasised that the advancement of deserving personnel reflects the commitment of the current Police leadership to merit, career progression, and institutional development.

Disu congratulated the newly promoted officers and charged them to see their elevation as a call to greater responsibility, professionalism, discipline, and dedication to service.

According to a statement issued by the Force Public Relations Officer, DCP Anthony Placid, the IGP urged them to uphold the core values of the Nigeria Police Force and continue to discharge their duties with integrity, respect for human rights, and commitment to the rule of law.

He said the NPF remains steadfast in its commitment to promoting excellence, rewarding hard work, and strengthening institutional capacity in line with global best practices in policing.

News

POS threatens to suspend services

Published

1 week ago

May 30, 2026

The Exclusives

This may not be the best of times for the POS operators and many Nigerians, as The Association of Point of Sale Service Providers {POS} have threatened to suspend and cripple banking operations in the country if the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer Protection Act (FCCPC) fail to immediately intervene in the alleged exclusivity practice by Verve International and Interswitch Limited.

The Association disclosed this in a statement signed by Yomi Idowu, Communications Consultant to the Association.

According to Idowu, the POS operators have written a letter to protest the alleged persistent unlawful decisions of the two companies, noting that the actions of Verve and Interswitch negate ‘extant rules and regulations of the Central Bank of Nigeria{CBN} and the Federal Competition and Consumer Protection Act {FCCPC}, 2018.

The Association of POS Service Providers emphasised that ‘As representatives’ of a coalition comprising several Central Bank of Nigeria Licensed payment acceptors/acquirers, processors and switches, they would have no option but to suspend acceptance/acquiring, processing and switching of Verve Card transactions.

The Point of Sales Association in the letter was quoted thus: “This decision has become unavoidable due to the persistent and escalating unlawful conduct of Verve International (Verve) and Interswitch Limited (Interswitch) which according to the Association jointly undermine “The integrity of Nigeria’s payments ecosystem, erode the capital base of participating institutions and violate several regulatory requirements.”

The Association highlighted the breaches as including but not limited to: maintenance of an exclusive monopoly over Verve transaction processing; abuse of dominant position in the domestic card scheme market, contrary to section 72 of the Federal Competition and Consumer Protection Act 2018(FCCPCA) and Section 3,4,7,3 of the CBN Guidelines on Operation of Electronic Payment Channels; imposition of scheme fees in excess of the regulated Merchant Service Commission(MSC) share attributable to acquirers under extant CBN regulations and; unauthorised and unlawful debits from settlement accounts of Acquirers, and Processors /Switches.

The POS Association recalled that its members contributed immensely to building the acceptance and growth of Verve cards at enormous cost to its members in compliance with the CBN regulations without subsidy from Verve and Interswitch as a domestic scheme in Nigeria.

Mr Idowu concluded that “Ironically, the association emphasised that other card scheme operators have since abolished all forms of exclusivity in compliance with the CBN regulations.”

News

No end in sight to cooking gas price increase

Published

1 week ago

May 30, 2026

The Exclusives

The surge in the price of cooking gas may not end soon if the current development is to go by.

1 kg of cooking gas is currently N2,000 as against N1,200 that was sold some months back.

Many Nigerians are currently groaning over the surge in the price of cooking gas.

The Exclusivesonline gathered that Nigerians may have to wait for a while unless drastic action is taken to address the sudden increase in the price of cooking gas.

The Nigerian Association of Liquefied Petroleum Gas Marketers [NALPGAM] has also warned that the supply crisis could push millions of households and businesses into deeper hardship.

Operators in the industry attribute the rise to supply pressure in depots, high replacement cost, logistical hiccups, and foreign exchange pressure influencing importation and distribution of LPG and festive demand surge.

The Exclusivesonline gathered that the price of cooking gas has surged three times recently within two weeks. It rose from N1,200 to N1,500, then N1,700 and N1,800 per kilo and now, as at May 27th, is selling for N2,000-N2200 in various towns in Nigeria. Many Consumers refilled a 12.5kg cylinder of gas for N24,700 and more last week.

Executive Secretary of the NALPGAM, Bassey Essien, said that marketers made repeated representations to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) seeking incentives, but have not received relief.

“The problem is beyond marketers. Domestic suppliers such as NLNG and the Dangote refinery cannot meet the rising demand,” Essien said.

Industry data show NLNG has supplied about 400,000 metric tonnes to the domestic market since 2020, when local demand was around 1.2 million metric tonnes.

Demand has now risen to about 1.9 million metric tonnes, leaving a significant shortfall. Dangote Refinery’s earlier contribution to the local market — previously as much as 50 per cent of its available LPG — has been cut back because some output is being used as feedstock for fertiliser production.

According to him, the NLNG has been supplying the entire 400,000 metric tons to the local market since 2020 when market demand was about 1.2 million metric tons.

Now, the demand has risen to 1.9 million metric tons, and the supply from NLNG cannot come anywhere close to meeting market needs.

According to Essien, off-takers previously obtained between 500 and 5,000 metric tonnes from Dangote, but this has now been reduced to about 250 metric tonnes.

The supply shortage has caused wholesale depot prices to jump to between N25.2 million and N26.2 million for a 20-metric tonnes truck.

Recall that the federal government had, in November 2024, tried to stop the export of LPG to boost domestic supply, but investigations revealed that the export has not stopped entirely.

The Minister of State, Petroleum Resources (Gas), Obongemem Ekperikpe Ekpo, had announced the directive on 22 October 2024 in Abuja, after a high‑level meeting with industry stakeholders, including NNPC Ltd. and LPG producers.

Meanwhile, NALPGAM executive secretary, Bassey Essien, said the domestic price has continued to increase because the quantity supplied by NLNG is benchmarked at international market prices and, as such, marketers would add up their running costs, which pushes up the price that is transferred to consumers.

Also, the Nigerian LPG marketers are aggressively seeking government incentives and market reforms to stimulate demand, stabilise erratic retail prices, which have now surged toward N1, 800 to N2,000 per kg, and triple the country’s annual supply to 6 million metric tonnes.

To achieve sustainable market penetration, the industry is advocating the following critical incentives: the elimination of Value-Added Tax (VAT) on locally produced cooking gas and subsidising the cost of cylinders and accessories for low-income groups and cooperatives.

Developing robust domestic blending, storage, and delivery facilities is also part of their demand to cut landing and operational costs.

Also, enforcing the prioritisation of domestic LPG allocation over exports to prevent severe structural supply deficits, while providing forex intervention to help marketers ease the financial burden of importing equipment and products amid volatile global energy shocks.

Meanwhile, the global LPG market is actively surging, driven by a strong shift toward clean residential energy and petrochemical feedstock needs.

The market valuation is projected to grow significantly from approximately $176 billion to $273 billion by 2034.

However, this upward trend is accompanied by increased price volatility due to geopolitical supply disruptions.