News
BREAKING: MOMAN And DAPPMAN Back Tinubu On Fuel Subsidy Removal, Sue For Calm
The Major Oil Marketers Association of Nigeria (MOMAN), and the Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) have declared their strong backing of the petrol subsidy removal by President Bola Ahmed Tinubu, yesterday.
In a statement jointly signed today, by the duo organizations, said: ” The decision to phase out this fuel subsidy regime is not merely a fiscal reform; it is a significant stride toward social justice.
“We are heartened that the administration plans to redirect these substantial funds
towards essential public goods such as infrastructure, education, and healthcare.
“These investments symbolize our shared future, promising considerable, long-term benefits for all Nigerians. We understand the concerns regarding potential price increases.
“We appreciate the clarity of policy from the Tinubu administration, a direction that signals a courageous and pragmatic shift in our nation’s economic trajectory. “
Consequently, they are calling on Nigerians to avoid panic buying or stockpiling petrol.
” We also urge all filling stations across the country to remain open and avoid hoarding products, and maintain reasonable pricing of fuels.
” In light of the assurances given by the Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), we wish to reiterate that there is no cause for alarm.
News
BREAKING: Another Newswatch Magazine Co-Founder Passes Away – Yakubu Mohammed Dies at 75
In a somber development for Nigeria’s journalism community, Yakubu Mohammed, a co-founder of the iconic Newswatch magazine and its former deputy chief executive officer, has died at the age of 75.
Mohammed’s passing, announced recently, follows closely on the heels of the death of his longtime colleague and fellow co-founder, Dan Agbese, who succumbed to a prolonged illness on November 17, 2025, at age 81.
This marks yet another significant loss among the pioneering generation that launched Newswatch in 1984, revolutionizing investigative journalism in Nigeria.
Alongside Dan Agbese, Ray Ekpu, and the late Dele Giwa (who was tragically assassinated via a parcel bomb in 1986), Mohammed helped establish Newswatch as a trailblazing weekly newsmagazine known for its bold, fearless reporting and commitment to truth during a turbulent era in Nigerian history.
Reports indicate that Mohammed had been battling an undisclosed ailment before his death. Just months prior, in October 2025, he released his memoir, Beyond Expectations, which provides deep insights into the magazine’s founding, its challenges, and its enduring impact on Nigerian media.
The deaths of Agbese and now Mohammed represent profound blows to the legacy of Newswatch, which set new standards for ethical, investigative, and interpretative journalism in the country.
Tributes are expected to pour in from media practitioners, political leaders, and the public as the nation mourns another pillar of its press freedom movement. May his soul rest in perfect peace.
News
U.S. delivers ‘critical military assets’ to battle terrorists, bandits
Nigeria’s Chief of Air Staff, Air Marshal Sunday Aneke, visited the U.S. to quicken the process for the supply of 12 AH-1Z fighter jets by Bell Textron of California.AH-1Z, a modern attack helicopter, is equipped with advanced sensors and precision-guided weapons with night-fighting capabilities.
The US Africa Command (AFRICOM), has confirmed the delivery of critical military supplies to Nigeria to support the ongoing security operations against terrorists and other non-state actors.
“This delivery supports Nigeria’s ongoing operations and emphasises our shared security partnership,” said AFRICOM on its official X account yesterday.
AFRICOM, however, did not name the “critical military” tools.
Nigeria’s Chief of Air Staff, Air Marshal Sunday Aneke, visited the U.S. to quicken the process for the supply of 12 AH-1Z fighter jets by Bell Textron of California.AH-1Z, a modern attack helicopter, is equipped with advanced sensors and precision-guided weapons with night-fighting capabilities.
The supply of the critical military tools came after Washington launched deadly strikes on terrorists in the Northwest on December 24.
News
World Bank projects Nigeria’s urban population to reach 264m by 2050
According to the report entitled ‘Multi-sector analytical review and pathway to transformation’, Nigeria’s urban population has grown exponentially over the last 65 years – from just under seven million in 1960 to over 128 million in 2024, with nearly half the urban population living in slums.
• Lagos Business District
The World Bank says that people living in Nigerian cities will over the next 25 years reach 264 million from the current 140.3 million people.
The Bank made the projection in its Global Economic Prospects report, released yesterday, also forecasts that the Nigerian economy will grow by 4.4 percent in 2026 and maintain that pace in 2027.
In the report, Nigeria is expected to be the third most populous country in the world, after China and India
According to the report entitled ‘Multi-sector analytical review and pathway to transformation’, Nigeria’s urban population has grown exponentially over the last 65 years – from just under seven million in 1960 to over 128 million in 2024, with nearly half the urban population living in slums.
It is projected that 70 percent of the population will live in urban areas by 2050, with cities at the centre of the country’s economic future.
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