IGP narrates how Air Force strike paved way for ‘2Baba’s death’

IGP narrates how Air Force strike paved way for ‘2Baba’s death’The Inspector-General of Police, IGP Olatunji Rilwan Disu, has recalled how the Nigerian Air Force assisted the Nigeria Police Force in bringing down a notorious criminal in Rivers State known as 2Baba.

The IGP spoke on Wednesday when he received the Chief of the Air Staff, Nigerian Air Force, Air Marshal S.K. Aneke, on a courtesy visit to the Force Headquarters, Abuja.

The visit was aimed at strengthening cooperation between the Nigeria Police Force and the Nigerian Air Force in addressing evolving security challenges.

Speaking earlier, the Chief of the Air Staff commended the longstanding professional relationship between both institutions and acknowledged the support of the NPF Air Wing to the Nigerian Air Force.

He emphasised the need for sustained collaboration, particularly in joint operations, intelligence sharing and enhanced air support for police operations.

Key areas discussed included aerial surveillance and reconnaissance, tactical deployment, medical evacuation, joint training and improved operational coordination in confronting terrorism, banditry, insurgency and other violent crimes.

The IGP further highlighted the need for enhanced protection of critical national infrastructure, improved logistics and response capabilities, as well as regular reviews of joint operational engagements to ensure greater effectiveness.

The IGP, addressing the Chief of the Air Staff, said: “You mentioned that the Nigeria Police assisted you at a particular time during a crisis. It is their duty to do that.

“We do almost the same work, though at different levels. I want to mention that when I was the Commissioner of Police in Rivers State, a particular police officer was killed by a criminal known as 2Baba.

“They killed the policeman, cut him to pieces, spread the body parts around, showed them on social media and ran into the thickest parts of the bush.

“And they were very strategic about it. They chose a dense area of the forest as their habitat. Before you could get to where they were, you needed to cross two rivers. So, you were in the middle of it. The moment you attempted to cross the river, they were picking you off. So, they chose a very difficult terrain.

“We did a lot of intelligence gathering on them and approached the Nigerian Air Force. They told us they were surprised at how we got that amount of intelligence. They looked at it, worked on it on their own and came back to us with feedback. That was actually the biggest job.

“They did their reconnaissance over the place. We were able to identify them moving around the area, and they told us the day they would strike. And behold, the Nigerian Air Force struck. Though 2Baba was not killed in that operation, they [the criminals] lost about five of their men, and it caused disarray in their camp.

“From that moment, they could not stop looking into the sky. They were frightened, and it gave us the opportunity to strike them and assault their camp, which eventually led to the death of 2Baba and the arrest of the others. I will continue to thank the Nigerian Air Force for its support.

“We are going to explore ways of working together.”

2027: Leave Jesus Christ out of partisan politics – CAN warns Nigerians

2027: Leave Jesus Christ out of partisan politics – CAN warns NigeriansThe national leadership of the Christian Association of Nigeria, CAN, has said it has taken note of the recent comments by Precious Oruche, popularly known as Mama Pee, in which she referenced Jesus Christ while making a political point about Peter Obi and the 2027 elections.

President of CAN, Archbishop Daniel Okoh, said that while the association recognises that political discourse can be passionate and that such remarks may be intended to make a point, it believes this is an appropriate moment to remind all Nigerians, especially Christians, to exercise restraint in the way they invoke the name of Jesus Christ in political debates.

“Jesus Christ is not a political candidate, a campaign slogan or a weapon to advance one politician against another,” the apex Christian association said.

“His name is sacred and should not be dragged into partisan contests in ways that elevate human beings, however popular or admired, to a place that belongs to God alone.

“We are free to support Peter Obi, Atiku Abubakar, Bola Tinubu or any other candidate. We are equally free to criticise them. But our political loyalty must never become so intense that we begin to speak of politicians in terms that diminish the reverence due to Christ.

“Let us argue about competence, character, policies, performance and the future of Nigeria. Let us disagree passionately if necessary, but let us leave Jesus Christ out of our partisan quarrels.

“No politician is the Messiah. No political party represents the salvation of the human spirit that Christ epitomises. And no electoral victory is worth compromising the honour due to His name.

“As we approach another crucial electoral season, I urge politicians, their supporters and all Nigerians to conduct our political conversations with responsibility, restraint and respect for what we hold sacred.”

PFIPC probe: Why we didn’t interrogate Gbajabiamila – Reps

The House of Representatives has explained why it did not invite and interrogate Femi Gbajabiamila, Chief of Staff to President Bola Tinubu during its probe of the contentious Presidential Foreign Investment Promotion Council, PFIPC.

The House ad hoc committee probing the alleged establishment and operations of the PFIPC said its first responsibility was to establish how the alleged agency came into existence, rather than summon individuals whose names appeared in documents connected to it.

It stated that its investigation was never designed to focus on Gbajabiamila but on how an agency without a valid legal foundation allegedly became integrated into the Federal Government’s administrative and financial systems.

Chairman of the committee and Plateau State federal lawmaker, Yusuf Gagdi, made this statement during an interview programme on Channels Television’s Politics Today on Wednesday.

Gagdi said the committee advertised its investigation and invited members of the public and relevant institutions to submit memoranda and documents.

According to him, the committee’s mandate was to establish who created the agency and under what authority.

DAILY POST reports that the committee exonerated Gbajabiamila when it presented its findings on Wednesday in Abuja.

Recall that the self-acclaimed Director-General of the PFIPC, Adeniyi Adeyemi, accused Gbajabiamila of receiving N400 million through proxies in connection with appointments to the fake organisation.

The President’s Chief of Staff has since denied the allegations and filed a N15 billion defamation suit against Adeyemi.

Speaking during the programme, Gagdi said the House gave the committee a broad mandate requiring it to establish, among other things, whether the PFIPC had any legal backing.

“Actually, the impression that people have that the entirety of that committee is about Femi Gbajabiamila is not true.

“There are so many issues and terms of reference donated to the committee by the House of Representatives in view of the activities surrounding the unestablished agency,” he said.

NLNG/SEPNU leads as domestic cooking gas supply rises

NLNG LogoNigeria’s domestic cooking gas supply rose to 5,332 tonnes per day in July 2026, with NLNG/SEPNU emerging as the largest contributor, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

The NMDPRA’s July 2026 midstream and downstream statistics showed that total liquefied petroleum gas supply increased from 5,100 tonnes per day in June to 5,332 tonnes per day in July.

NLNG/SEPNU supplied 2,031 tonnes per day through vessels, representing about 38 per cent of the total supply during the month.

Other processing plants supplied 1,513 tonnes per day through trucks, while the Dangote Petroleum Refinery supplied 829 tonnes per day

Imports accounted for 959 tonnes per day.

The figures showed that domestic sources supplied 4,373 tonnes per day, representing about 82 per cent of the total LPG supply in July, while imports accounted for the remaining 18 per cent.

The July supply level was the highest recorded in the 13-month period covered by the NMDPRA data.

LPG supply stood at 4,500 tonnes per day in July 2025 before rising to 5,000 tonnes in August and declining to 3,900 tonnes in September last year.

It subsequently increased to 4,500 tonnes in October, 5,000 tonnes in November and 5,200 tonnes in December.

In January 2026, supply stood at 5,100 tonnes per day before falling to 4,700 tonnes in February and March, 4,500 tonnes in April and 4,100 tonnes in May.

The supply level then rose to 5,100 tonnes per day in June before reaching 5,332 tonnes in July.

The latest figures indicate a continued strengthening of domestic LPG supply, with local sources now accounting for the bulk of the cooking gas available in the country.

However, our correspondent reports that LPG prices have yet to fall below the N1,000 per kilogramme level after the sudden surge in May.

Though prices have plunged from a high of N2,400/kg to between N1,300 and N1,600, depending on location.

NLNG recently accused some marketers of contributing to the sharp rise in the price of cooking gas by buying liquefied petroleum gas from the company at prices between N800 and N900 per kilogramme and selling it for as much as N2,400/kg in the retail market.

The Managing Director and Chief Executive Officer of NLNG, Adeleye Falade, disclosed this during a recent media briefing in Lagos, where he attributed the price spike to supply shortages, artificial scarcity and distortions in the distribution chain rather than the company’s pricing.

According to him, when the retail price of LPG climbed to N2,400/kg, NLNG was selling the product to buyers at between N800 and N900/kg. He said the price was supposed to be in the range of N1,000 to N1,200, going by the recommendation of the NMDPRA.

“When the product was being sold at N2,400 in the market, guess how much they (marketers) were lifting it from us? It was between N800 and N900 per kg. And NMDPRA recommended that by the time you put in transportation costs and all other things, it shouldn’t be selling more than N1,000, N1,100 or N1,200. So, there’s also some distortion that happened on the sales side, which I know the regulators are working on right now to get control of it,” he stated.

OB3 pipeline ready for first gas, AKK hits 95% – NNPC

NNPCThe Nigerian National Petroleum Company Limited has said the Obiafu-Obrikom-Oben gas pipeline is ready for first gas, while the Ajaokuta-Kaduna-Kano gas pipeline has reached 95 per cent completion.

NNPC disclosed this in its July 2026 monthly report, stating that pre-commissioning activities at the OB3 River Niger Crossing had been completed in August in preparation for first gas.

In the NNPC report, OB3 was put at 100 per cent, while AKK remains 95 per cent complete. “OB3 River Niger Crossing: Pipeline pre-commissioning activities completed in readiness for First Gas in August 2026,” the report stated.

On the AKK project, the national oil company said construction and installation works had reached an advanced stage, with the pipeline expected to deliver early gas to Abuja in 2026.

“AKK (Early Gas): Construction and installation works are at an advanced stage to deliver early gas to Abuja in 2026,” NNPC stated.

The two projects form part of NNPC’s gas infrastructure development programme aimed at expanding gas transportation infrastructure.

The OB3 pipeline is designed to connect gas supplies across the eastern and western parts of the country, while the AKK pipeline is being developed to transport gas to Abuja and onwards to northern parts of Nigeria.

However, the July report did not provide further details on the expected capacity or commissioning date of the AKK pipeline beyond stating that early gas would be delivered to Abuja in 2026.

Earlier in April, the NNPC announced that it had completed the long-anticipated River Niger crossing of the Obiafu-Obrikom-Oben gas pipeline, unlocking a critical segment of the country’s gas transmission network and paving the way for increased supply to power plants and industries.

The feat, delivered by the NNPC Gas Infrastructure Company, a subsidiary of NNPC Ltd, involved drilling approximately two kilometres beneath the River Niger using advanced horizontal directional drilling technology, a method deployed in complex engineering terrains.

Announcing the development in a statement by the Chief Corporate Communications Officer of NNPC, Andy Odeh, the company said the milestone effectively activates the full capacity of the 130-kilometre OB3 pipeline, designed to transport up to 2 billion standard cubic feet of gas per day.

The pipeline is to significantly strengthen energy availability, enhance supply reliability, and accelerate national economic development.

The company noted that the completion would, in the near term, unlock over 500 million standard cubic feet per day of additional gas supply for the domestic market, with positive implications for electricity generation, manufacturing, and exports.

The Group Chief Executive Officer of NNPC, Bayo Ojulari, noted that the OB3 pipeline remains central to Nigeria’s ambition of building an integrated and resilient gas network.

“I commend everyone involved for their doggedness and for staying the course to deliver this strategic national asset,” he said.

Ojulari also linked the project to the Federal Government’s broader energy targets, including plans to increase crude oil production to 3 million barrels per day and gas output to 12 billion standard cubic feet per day by 2030.

Started in 2016, the $700m OB3 pipeline has missed several completion deadlines before this latest announcement.

NGX opens September on bullish note, gains N1.22tn

NGXTrading on the Nigerian Exchange Limited opened the month of September on a bullish note on Wednesday, as capital appreciation in key mid-cap and blue-chip equities lifted total market capitalisation by N1.22tn.

The benchmark NGX All-Share Index appreciated by 1,883.24 basis points, or 0.77 per cent, to settle at 246,082.63, while the market capitalisation of equities expanded to close at N158.96tn from N157.74tn recorded in the previous session.

This broad-based rally pushed the year-to-date market return higher to 58.14 per cent as buying sentiment extended across multiple sectors on the local bourse.

The sustained positive momentum was primarily anchored by price appreciation in energy, consumer goods and financial heavyweights, including Aradel Holdings, Nestlé Nigeria, HBM Nigeria, May & Baker Nigeria and First HoldCo.

Market breadth closed overwhelmingly positive, with 40 advancing stocks outpacing 19 decliners. Heavyweight gains in Aradel Holdings, which surged  8.83 per cent, alongside Nestlé Nigeria’s 5.83 per cent rise, provided substantial upward leverage to offset moderate profit-taking observed in select large-cap counters.

Activity levels on the trading floor reflected mixed engagement, as total volume traded rose 7.44 per cent to 651.32 million shares, while total transaction value increased 5.35 per cent to N40.77bn. However, total executed deals contracted 18.16 per cent to settle at 43,760.

Access Holdings Plc topped the activity chart by volume, accounting for 129.89 million units valued at N4.16bn, while MTN Nigeria Communications Plc led the market in turnover value with deals worth N4.69bn.

Sectoral performance showed broad investor optimism across major industry groups. The NGX Oil & Gas Index posted the strongest performance with a 3.87 per cent surge, closely followed by the Insurance Index, which rose 3.34 per cent.

The Banking and Consumer Goods indexes both registered gains of 0.87 per cent, while the Industrial Goods sector recorded a 0.71 per cent uptick by the close of business.

Percentage price movements showed FTN Cocoa Processors Plc and McNichols Plc leading the gainers’ chart after soaring 10.00 per cent each to close at N8.25 and N4.95, respectively, followed by SUNU Assurances Nigeria Plc with a 9.94 per cent gain.

Conversely, Tripple Gee & Company Plc fell 9.72 per cent to lead the decliners, while ABC Transport Plc and Nigerian Aviation Handling Company Plc dropped 9.52 per cent and 9.22 per cent, respectively.

Capital market analysts attribute the sustained buying pressure to continued portfolio realignment by institutional and retail investors positioning for third-quarter value opportunities.

Private sector credit hits N83.43tn amid high interest rates

Nigeria’s private sector credit climbed to N83.43tn in July 2026, extending a steady rise in lending to businesses and other private-sector borrowers despite the Central Bank of Nigeria’s tight monetary policy stance.

Data from the CBN showed that private sector credit increased by 0.21 per cent between June and July, following a much stronger N2.22tn expansion in June.

The July figure was N6.70tn higher than the N76.72tn recorded a year earlier, representing an 8.74 per cent annual increase.

Over the four-month period from April to July, credit to the private sector rose by N2.84tn, from N80.59tn to N83.43tn

The increase means lending to private sector operators has continued to expand even with the benchmark Monetary Policy Rate held at 26.50 per cent.

The CBN has maintained its restrictive monetary stance as part of efforts to contain inflation and preserve macroeconomic stability. Yet, the sustained rise in private sector credit indicates that demand for financing remains firm.

The pace of expansion, however, slowed considerably in July. After rising from N81.0tn in May to N83.26tn in June, credit added only N171.8 billion in the following month.

The latest figures also showed a contrasting movement in government borrowing.

Net domestic credit declined by N5.94tn, or 4.82 per cent, to N117.35tn in July from N123.29tn in June. Credit to the government similarly fell from N40.03tn to N33.92tn during the month.

The divergence suggests that while bank lending to the private sector continued to gain ground, government’s demand for domestic credit eased during the month.

However, the latest CBN data do not provide a sectoral breakdown of the July increase, making it difficult to determine whether the additional lending was concentrated in manufacturing, agriculture, trade, real estate or other sectors.

Earlier CBN data showed mixed lending trends across key sectors. By March 2026, credit to agriculture stood at N3.86tn, while lending to oil and gas and manufacturing had declined from their January levels. At the same time, credit to power and energy and real estate recorded increases.

The continued expansion in private-sector credit comes amid concerns over the high cost of borrowing. Private-sector groups have repeatedly warned that elevated interest rates could restrict access to finance and increase operating costs for businesses.

For businesses, the rise in credit could provide additional funding for working capital, investment and expansion, although the impact will depend largely on the cost, tenor and productive use of the loans.

LG funds will go directly to council accounts if I’m President – Atiku

LG funds will go directly to council accounts if I’m President – AtikuFormer Vice-President Atiku Abubakar, the African Democratic Congress (ADC) presidential candidate for the 2027 election, has promised to implement the Supreme Court ruling granting financial autonomy to Nigeria’s 774 local government areas if he becomes president.

Atiku said his government would ensure that money meant for local governments from the Federation Account was paid directly to the councils instead of passing through state governments.

His position was contained in a statement issued on Tuesday by his spokesperson, Kenneth Okonkwo.

The Supreme Court ruled on July 11, 2024, that funds meant for local government councils should be paid directly to them. The decision followed a case brought by the Federal Government against the 36 state governors over the control and funding of local governments.

However, some states have not fully implemented the judgment.

Atiku said he would ensure that the ruling was strictly followed and make local government autonomy a major part of his administration’s efforts to improve development at the grassroots.

“My administration will respect court judgments, protect local government autonomy, ensure that public funds reach the people for whom they are meant, and restore true federalism,” he said.

He said direct access to funds would give local governments more capacity to provide basic services and carry out development projects.

According to him, stronger local governments could also improve security at the grassroots by helping to tackle crime and terrorism while reducing poverty.

Atiku also accused President Bola Tinubu’s administration of failing to enforce the Supreme Court ruling.

He claimed that the government had avoided confronting some state governors over the issue because local government funds were allegedly being used as an enticement to secure their support for Tinubu’s 2027 re-election bid.

“Atiku acknowledges that the Supreme Court had ruled on July 2024 that local government funds should be paid directly to local governments,” the statement said.

“Yet, the current administration of President Tinubu has failed to enforce this judgment, seemingly to avoid confronting the gluttonous APC state governors who previously controlled these funds, as an enticement to them to use the local government funds to buy votes for Tinubu in the 2027 presidential election.”

Atiku said giving local governments control of their statutory allocations would improve accountability and ensure that money meant for grassroots development was used for its intended purpose.

2027: Wike declares APC’s Kingsley Chinda next governor of Rivers State

2027: Wike declares APC’s Kingsley Chinda next governor of Rivers StateThe Minister of the Federal Capital Territory, FCT, Nyesom Wike, has declared that the All Progressives Congress, APC, governorship candidate in Rivers State, Honourable Kingsley Chinda, will emerge as the next governor of the state in 2027.

The former governor of Rivers State made the remark on Tuesday during a warm reception organised in his honour by Ogbakor Ikwerre, the socio-cultural organisation of the Ikwerre ethnic nationality, at Obiri-Ehie.

Acknowledging the presence of dignitaries at the event, Wike introduced Chinda as the “former Minority Leader in the House of Representatives and, by the grace of God, the next governor of Rivers State.”

If elected, Chinda, a member of the House of Representatives, will take over from Governor Siminalayi Fubara, who declined to run for a second term.

Chinda, a long-time political ally of Wike, has been widely regarded as the former governor’s preferred successor following the political realignments in the state.

How Tinubu intends to end poverty – Ooni of Ife

How Tinubu intends to end poverty – Ooni of IfeThe Ooni of Ife, Oba Adeyeye Ogunwusi, has said President Bola Tinubu intends to end poverty in Nigeria through his economic policies.

The Ooni said some of the policies implemented by Tinubu’s administration have helped to revamp Nigeria’s economy.

The monarch spoke at his palace during the unveiling of the National Mobility Programme of the Nigerian Consumer Credit Corporation, CreditCorp.

He expressed optimism that Tinubu’s goal of reducing poverty would be achieved through the various programmes and policies introduced by the administration to alleviate economic hardship.

“The economic policies of the Tinubu administration are already yielding good results. The country’s capital market and foreign reserves have witnessed unprecedented growth, while the foreign exchange market has become more stable, allowing businesses and individuals to make better economic projections.

“Things that have never been recorded in history, we have recorded them. Our capital market has gotten to over N150 trillion. Nigeria is now the most capitalised market in the world, and we are now over $53 billion in foreign reserves.

“The intention of President Tinubu is to put an end to poverty among Nigerians,” he said, adding that the steps taken so far by the President have revitalised the nation’s economy.