THE Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of shares worth over ₦246 million linked to a retired Nigerian Army General, Major-General U.M. Mohammed, to the Federal Government. News Point Nigeria reports that the ruling, delivered on Tuesday, August 26, 2025, by Justice Dehinde Dipeolu, followed a motion on notice filed by the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC). According to court documents, the forfeited assets were several units of shares valued at ₦246,305,544, traced to the former Managing Director of the Nigerian Army Properties Limited (NAPL). Confirming the…
Author: Abimbola Daniels
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THE Nigerian Content Development and Monitoring Board (NCDMB) held the second edition of its Book Reading Series on Wednesday at the Nigerian Content Tower, Swali, Yenagoa, Bayelsa State, featuring veteran journalist and former Editor of The PUNCH, Mr. Dayo Oketola. Oketola captivated the audience with readings from his new book, The Catalyst: Nigerian Tech Evolution Through a Journalist’s Lens, a compelling 352-page exploration of Nigeria’s telecommunications journey, technological transformation, and digital inclusion efforts. The event drew a diverse crowd of book lovers, students, writers, and industry professionals, who were also treated to spoken word performances that enriched the atmosphere of intellectual and…
COMFORT Emmanson, an air passenger embroiled in a controversial Ibom Air incident, has given a detailed account of the events on board the flight that led to her arrest, arraignment, and eventual discharge by a Lagos court. In a video shared on her Instagram page on Sunday, Emmanson expressed gratitude to supporters who stood by her during what she described as a “traumatic” ordeal. Narrating her version of events, the real estate consultant recalled that on August 10, 2025, she boarded a flight from Uyo to Lagos. She alleged that a disagreement began when a flight attendant, identified as Juliana,…
THE story of Comfort Emmanson, the Ibom Air passenger who was detained in Kirikiri Prison following an in-flight altercation, has taken dramatic turns from unexpected windfalls to a high-stakes legal battle that now questions the very integrity of Nigeria’s aviation system. Emmanson, who was at the centre of a heated confrontation with Ibom Air crew on August 10, was released after the withdrawal of charges and her removal from the airline operators’ no-fly list. But what began as a tale of public embarrassment has transformed into a narrative of reward, controversy, and legal reckoning. In the days following her release,…
COMFORT Emmanson, the Ibom Air passenger whose controversial in-flight altercation led to her detention, has spoken publicly for the first time since regaining her freedom. In a surprising twist, the Airline Operators of Nigeria (AON) is now considering making her an ambassador for good passenger conduct, according to Aviation Minister Festus Keyamo. Emmanson, who was remanded after a viral incident aboard an Ibom Air flight, was released on Wednesday, August 13, following the withdrawal of the complaint against her. The release came after interventions from the Federal Government. Taking to Instagram shortly after her release, Emmanson, known online as #soft_commy…
THE Federal Government has eased sanctions in three separate high-profile aviation incidents that sparked nationwide debate, reducing penalties, withdrawing criminal charges, and pledging reforms in how disruptive passenger cases are handled. Minister of Aviation and Aerospace Development, Festus Keyamo, announced the decisions on Wednesday after consultations with key stakeholders, including the Nigeria Civil Aviation Authority (NCAA), the Federal Airports Authority of Nigeria (FAAN), the Airline Operators of Nigeria (AON), and security agencies. Fuji legend Wasiu Ayinde, popularly known as Kwam 1, had been placed on an indefinite no-fly ban following an incident on August 5, 2025, when he attempted to…
THE Dangote refinery has reduced the ex-depot price of Premium Motor Spirit, commonly referred to as petrol, from N850 to N820 per litre nationwide. A statement signed by the Dangote Group Chief Branding and Communications Officer, Anthony Chiejina, disclosed this on Tuesday. “Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, commonly referred to as petrol, by N30 from N850 to N820 per litre, effective from 12th August 2025. “As part of our unwavering commitment to national development, Dangote Petroleum Refinery assures the public of a consistent and uninterrupted supply of petroleum products,”…
THE Director of Public Affairs and Consumer Protection at the Nigeria Civil Aviation Authority (NCAA), Mike Achimugu, has clarified the agency’s role in two recent passenger incidents, saying the authority only intervenes where necessary and within its mandate. Speaking on Tuesday’s edition of Channels Television’s The Morning Brief monitored by News Point Nigeria, Achimugu said in the case involving Fuji musician Wasiu Ayinde, better known as K1 De Ultimate, the airline did not press charges. “The airline [in the singer’s case]did not activate its right to take the passenger to court. As a result, the NCAA petitioned relevant authorities to…
PETROL prices across Nigeria surged past ₦900 per litre on Monday despite a noticeable decline in global crude oil prices, sparking fresh outrage among motorists and commuters already grappling with high living costs. Investigations by News Point Nigeria revealed that several filling stations, including those operated by the Nigerian National Petroleum Company Limited (NNPCL) and major independent marketers, adjusted their pump prices upward over the weekend. In Lagos and Ogun states, NNPCL retail outlets were seen selling petrol at ₦900 per litre, even as crude oil prices slid from nearly $69 per barrel last week to around $66 per barrel…
THE Airline Operators of Nigeria (AON) has imposed a lifetime no-fly ban on Comfort Emmanson, a female passenger who allegedly assaulted cabin crew members aboard an Ibom Air flight from Uyo, Akwa Ibom State, to Lagos. News Point Nigeria reports that the incident has also led to her being charged in court and remanded at the Kirikiri Correctional Centre in Lagos. The decision comes as part of what aviation authorities describe as a zero-tolerance stance against unruly passenger behaviour, which has been on the rise in Nigeria’s airports. The spokesperson to the Minister of Aviation and Aerospace Development, Tunde Moshood,…
IN a striking twist in the global oil market, Indian refiners are ramping up purchases of Nigerian crude even as the country’s flagship Dangote Petroleum Refinery increasingly turns to American oil to keep its production lines running. Industry sources and trade data reveal that India’s state-run refiners, including Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL), have bought millions of barrels of Nigerian crude for September and October delivery. The move comes after the United States pressured New Delhi to scale back purchases of Russian oil. According to Reuters, IOC recently bought one million barrels of Nigeria’s Agbami…
AVIATION unions under the Nigerian Airspace Management Agency (NAMA) have suspended their planned strike, citing encouraging progress in negotiations for improved staff remuneration. Earlier, the coalition of unions had directed all NAMA staff to down tools indefinitely from Monday, August 11, over unresolved salary demands. However, in a statement jointly signed on Friday by leaders of four aviation unions, they announced the decision to defer the industrial action. The signatories include AbdulRasaq Saidu, Secretary General of the Association of Nigeria Aviation Professionals; Odinaka Igbokwe, Deputy General Secretary of the National Union of Air Transport Employees; Frances Akinjole, Principal Deputy General…
FLIGHT operations across Nigeria are set for major disruption from Monday, August 11, 2025, as aviation unions have ordered all staff of the Nigerian Airspace Management Agency (NAMA) to halt services indefinitely over unresolved salary issues. The strike action, announced in a joint statement on Thursday, August 7 made available to News Point Nigeria, Saturday, was signed by leaders of four major aviation unions, the National Union of Air Transport Employees (NUATE), the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), the Association of Nigeria Aviation Professionals (ANAP), and the Amalgamated Union of Public Corporations, Civil Service, Technical and…
THE Nigerian Civil Aviation Authority (NCAA) has announced its decision to blacklist renowned Fuji maestro, Wasiu Ayinde Marshal, popularly known as K1 de Ultimate, from domestic flights in Nigeria for six months due to his alleged misconduct at the Nnamdi Azikiwe International Airport in Abuja. This was disclosed on Thursday during a press conference by Michael Achimugu, the NCAA’s Director of Public Affairs and Consumer Protection. According to Achimugu, the decision stems from a firm commitment to enforcing aviation rules and ensuring no individual is above the law, regardless of status or connections. “As we speak, the passenger is going…
THE Minister of Power, Chief Adebayo Adelabu, has assured Nigerians that President Bola Ahmed Tinubu remains committed to delivering uninterrupted electricity supply before the end of his administration in 2027. Speaking on Sunday during the commissioning of the Kwaru 1X15MVA 33/11KV injection substation in the Ikotun-Egbe area of Lagos State, Adelabu stated that significant progress is being made under the Renewed Hope Agenda to reform Nigeria’s power sector and end the cycle of unreliable supply. “Nigerians can be assured of the President’s determination to ensure that citizens enjoy full and uninterrupted electricity supply before he leaves office,” the Minister said.…
TRANSNATIONAL Corporation Plc (NGX: TRANSCORP), one of Nigeria’s leading conglomerates, has announced its half-year 2025 unaudited financial results, showing impressive growth across its diversified portfolio. The Group reported a 59% year-on-year increase in revenue, reaching ₦279.7 billion, while profit before tax rose by 21% to ₦85.7 billion, up from ₦70.9 billion in H1 2024. Despite prevailing macroeconomic challenges, Transcorp Group continues to deliver exceptional results, with its operations in power, hospitality, and energy sectors driving consistent value for shareholders. As part of its commitment to shareholder returns, the company declared an interim dividend of ₦4.064 billion, representing 40 kobo per…
TRANSCORP Power Plc (NGX: TRANSPOWER), a leading Nigerian power generation company under Transnational Corporation Plc (Transcorp Group), has reported an impressive financial performance for the half-year ended June 30, 2025. According to its unaudited results released on July 28, 2025, the company recorded ₦205.8 billion in revenue, marking a 52% increase compared to ₦135.4 billion reported during the same period in 2024. The growth was driven by enhanced generation capacity, increased efficiency, and strategic investment in operational infrastructure. Profitability remained solid, with a gross profit of ₦77.6 billion, up from ₦62.9 billion in H1 2024. Profit before tax also climbed…
ELECTRICITY consumers across parts of Lagos State are set to experience intermittent power outages starting Monday, July 28 to Thursday, August 1, 2025, as the Transmission Company of Nigeria (TCN) embarks on a scheduled maintenance operation. The Eko Electricity Distribution Company (EKEDC) issued the alert in a customer notice on Friday sighted by News Point Nigeria, stating that the outages will occur daily from 8:00am to 5:00pm during the four-day period. According to EKEDC, the disruption is necessary to enable TCN to conduct critical maintenance work on the Omotosho – Ikeja West 330kV transmission line, a major supply route within…
AFRICA’s richest man Aliko Dangote has retired as the Chairman of the Board of Directors of Dangote Cement Plc. In a statement on Friday, a spokesman for the company, Anthony Chiejina made available to News Point Nigeria, said the retirement took effect from July 25, 2025. “He is relinquishing his position as chairman and retiring from the board so as to focus more attention on the Refinery, Petrochemicals, Fertiliser and Government Relations, in order to drive the company’s five-year business trajectory to a superlative height,” the statement read. Subsequently, the Board of the company announced the appointment of Emmanuel Ikazoboh,…
Delivers N1.024bn Interim Dividend As Gross Profit Soars by 71% TRANSCORP Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has announced an impressive financial performance for the first half of 2025, with a 60% year-on-year revenue growth and a 71% surge in gross profit. The unaudited H1 results for the period ended June 30, 2025, reveal that the company’s revenue grew from ₦29.72 billion in H1 2024 to ₦47.57 billion in the same period of 2025. Gross profit also climbed significantly to ₦36.21 billion, up from ₦21.19 billion recorded in the previous year, reflecting a gross profit margin of…