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LASG approves 13% fare increase on state-run BRT services  

Lagos, Feb. 23, 2026 – The Lagos State Government has approved13 per cent increase in fares on BRT services. . Kolawole Ojelabi, the Head of Corporate Communication in LAMATA, announced this in a statement on Monday. He said the revised fare structure which will affected across all services under the BRT system, would come into effect from Monday, March 2, 2026. The statement said the state governor approval the fare increase after receiving a passionate appeal from regulated public transport operators who highlighted the mounting challenges threatening the long-term viability …

DMO reopens 3 FGN Bonds valued at N800bn

Lagos, Feb. 23, 2026 – The Debt Management Office (DMO) on Monday re-opened three FGN bonds valued at N800 billion for subscription at N1,000 per unit. The first offer is a June 2032 FGN bond (7-year re- opening), valued at N400 billion with interest rate of 17.95 per cent per annum, while the second is a May 2033 FGN bond (10-year re-opening), valued at NN300 billion, with 19.89 interest rate per annum. The third offer is a February 2034 FGN bond (10-year re-opening), valued at N100 billion, with 19 per …

Oil drops as US tariff uncertainty clouds demand, Iran nuclear talks eyed

London, Feb 23, 2026 – Oil prices fell over 1% on Monday as the U.S. and Iran prepared for a third round of nuclear talks, easing fears of an escalating conflict, while President Donald Trump’s fresh tariff hikes created uncertainty for global growth and fuel demand. Brent crude futures slid 73 cents, or 1%, to $71.03 a barrel by 0849 GMT while U.S. West Texas Intermediate crude futures were at $65.73 a barrel, down 75 cents, or 1.1%. “With the next, and possibly last, round of the Iranian nuclear talks not …

US to stop collecting tariffs deemed illegal by Supreme Court on Tuesday

Washington, Feb 23, 2026 – The U.S. Customs and Border Protection agency said it will halt collections of tariffs imposed under the International Emergency Economic Powers Act at 12:01 a.m. EST (0501 GMT) on Tuesday, more than three days after the U.S. Supreme Court declared illegal. The agency said in a message to shippers on its Cargo Systems Messaging Service (CSMS) that it will de-activate all tariff codes associated with President Donald Trump’s prior IEEPA-related orders as of Tuesday. The IEEPA tariff collection halt coincides with Trump’s imposition of a new, 15% …

Goldman raises Q4 oil price outlook on lower OECD stocks

New York, Feb. 23, 2026 – Goldman Sachs raised its Brent and West Texas Intermediate crude forecasts for the fourth quarter of 2026 by $6 to $60 and $56 respectively, citing lower OECD stocks, even as it continued to assume no Iran-related supply disruption and maintained its view of a surplus this year. For the year, it now expects Brent to average $64 a barrel, up from $56 previously, and WTI to average $60, up from $52. Oil prices fell about 1% on Monday as the U.S. and Iran prepared …

US-EU trade deal in limbo as top official flags Trump’s tariff ‘chaos’ after SCOTUS blow

Brussels, Feb. 22, 2026 – Bernd Lange, chairman of the European Parliament’s trade committee, said he would propose suspending EU legislative work on approving the Turnberry Agreement. The European Union’s planned landmark trade deal with the United States is once again in jeopardy, as the fallout from a Supreme Court ruling against President Donald Trump’s sweeping tariffs continues to ripple across global trade negotiations. Bernd Lange, chairman of the European Parliament’s trade committee, said on Sunday he would propose suspending legislative work on approving the so-called Turnberry Agreement at an …

Ecobank Nigeria leads dialogue on regional trade, Africa’s economic future

Lagos, Feb. 22, 2026 – Ecobank Nigeria has reaffirmed its commitment to advancing cross-border trade and accelerating Africa’s economic integration following the successful hosting of its Customer Forum in Lagos. Held under the theme “Strengthening Regional Integration for Economic Transformation,” the forum convened policymakers, economic experts, industry leaders, and business stakeholders to explore practical strategies for deepening intra-African trade and unlocking new value across the continent. Bolaji Lawal, Managing Director/Regional Executive, Ecobank Nigeria, in his welcome address, said the forum was designed to foster meaningful dialogue on how Nigeria and the wider African region …

Nigeria: Saving judicial appointments from corruption

By Chidi Anselm Odinkalu Lagos, Feb. 22. 2026 – For nearly five years, Abia State has been the site of a bewildering contest over the corruption crisis that now bedevils Nigeria’s judicial appointment process. Essentially, the appointment of judges in Nigeria has become something akin to a life-and-death contest, not for or on behalf of those seeking justice from the courts, but for people who see judicial appointments as a meal ticket for life or as leverage in the dark arts of Nigeria’s rentier theatre. Those who control the process …

SERAP urges Tinubu to withdraw unlawful regulations on Phone tapping

Lagos, Feb. 22, 2026 – The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to withdraw unlawful regulations on phone tapping in the country. It urged the president to initiate a transparent and inclusive legislative process to ensure that any lawful interception framework fully complies with constitutional safeguards, judicial oversight requirements, and Nigeria’s international obligations.” The organization made the call in the letter to the president on Feb, 21, 2026, and signed Kolawole Oluwadare, its Deputy Director. It said the letter followed allegations by former Kaduna State …

Trump says US global tariff rate will rise from 10% to 15%

Washington, Feb. 22, 2026 – President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff program. The move came less than 24 hours after Trump announced a 10% across-the-board tariff on Friday after the court’s decision. The ruling found the president had exceeded his authority when he imposed an array of higher rates under an economic emergency law. The new levies …