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Release $717.4m trapped funds to foreign airlines, Senate Urges CBN

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The central Bank of Nigeria on Wednesday has been asked to release trapped $717,478,606 airlines funds in the country.

The Senate made the call to CBN while also allocating the sum of $25 million to airlines operating in Nigeria at its fourth-nightly dollar auction.

These resolutions were reached sequel to the consideration of a motion titled, ‘Current Issues on airlines blocked funds in Nigeria’, sponsored by Sen. Biodun Olujimi (PDP-Ekiti) at the plenary in Abuja and chaired by the Senate Committee on Aviation.

The vice chairman of the committee, Sen. Bala Na’Allah (APC-Kebbi) presented the motion on behalf of Olujimi.

The upper chamber of the National Assembly also called on the Federal Government to urgently reverse the current trend of increasing airlines blocked funds in Nigeria.

It called on President Muhammadu Buhari to direct the CBN Governor, Godwin Emefiele, to pay up the blocked funds to the affected airlines.

The Senate further appealed to the airlines operating in the country not to withdraw their services, saying efforts were ongoing to resolve the issue.

Moving the motion, Na’Allah said since January 2021, Nigeria has been the most challenging country in the world for the airlines to repatriate their funds to support their operation.

In February, Nigeria alone accounted for 44 per cent of total airlines blocked funds in the entire world.

The total airlines blocked funds in Nigeria as of March amounted to $717.4 million comprising matured bids that the CBN was yet to deliver, bids yet to mature, and cash balances in airlines’ accounts for repatriation.

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Update on Fire outbreak at Sapid Container Terminal 2, Mile 2, Lagos; No Casualties Reported

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Emergency responders successfully contained a fire outbreak at the No Sapid Container Terminal 2 area in Mile 2 on Saturday, January 24, 2026, with no loss of life or injuries recorded.

The Lagos State Emergency Management Agency (LASEMA) Eagle Squad, working alongside the Lagos State Fire Service, LRU Fire, and Nigeria Police, swiftly intervened to prevent the blaze from spreading to neighbouring structures.

According to a situation report issued by LASEMA Permanent Secretary Dr. Olufemi Damilola Oke-Osanyintolu, the fire originated from a building behind the container terminal where multiple drums of chemicals and oils were stored — a factor that contributed to the intensity and rapid spread of the flames.

While the fire was still raging at the time of the report due to the highly combustible materials involved, joint firefighting efforts continued throughout the day to bring it fully under control.

Authorities have not yet disclosed the extent of property damage or any potential environmental concerns arising from the incident, but the absence of casualties has been attributed to the prompt and coordinated response by the emergency teams.

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JAMB: UTME Registration Starts January 26

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The Joint Admissions and Matriculation Board (JAMB) has confirmed that registration for the 2026 Unified Tertiary Matriculation Examination (UTME) will open nationwide on Monday, January 26, 2026.

In an official announcement released today, JAMB encouraged all prospective candidates to visit accredited Computer-Based Test (CBT) centres as early as possible to complete registration, undergo biometric verification, select preferred examination towns, and avoid congestion toward the close of the window.

Applicants are reminded to come prepared with essential documents: valid O’Level results, National Identification Number (NIN), and a functional personal email address.

The board issued a strong warning against fraudsters and fake websites promising expedited or guaranteed registration slots, stressing that only processes completed through official JAMB-approved channels and accredited centres will be valid.

Additional information including exact registration fees, closing date, mock UTME schedule, and the full examination timetable will be published shortly on the official JAMB portal (www.jamb.gov.ng) and verified social media accounts.

Candidates, parents, and guardians are advised to monitor these official sources closely for authentic updates throughout the registration period.

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JUST IN: Fire Outbreak Reported at Amuwo Odofin Industrial Estate, Lagos

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Emergency responders are currently battling a fire outbreak at the Amuwo Odofin Industrial Estate, located in the Mile 2 area of Lagos State.

The Lagos State Fire and Rescue Service confirmed the incident and stated that its teams are actively attending to the scene. In an official alert issued earlier today, the service emphasized that the situation is under control.

“We’re assuring the public that we’re currently on top of the situation as the public need not to exercise fear,” the statement read.

The alert was signed by Margaret Adeseye, Controller General of the Lagos State Fire and Rescue Service.

Reports from witnesses and social media indicate a significant blaze, with thick smoke visible in the area and videos showing emergency efforts underway. One account suggested the fire may involve an industrial facility specializing in recycling, though official details on the exact cause, origin, or any potential damage or casualties have not yet been released.

Authorities continue to urge residents and nearby businesses to remain calm while operations proceed to fully contain the incident.

Further updates are expected as the response progresses.

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