The Federal Road Safety Corps (FRSC) has been plunged into mourning following the death of former Corps Marshal, Dauda Ali Biu, with incumbent Corps Marshal, Shehu Mohammed, describing his passing as a painful loss to the agency and Nigeria’s road safety community. In a condolence message, Mohammed said Biu’s death marked the loss of a…
FEMI OWOEYE Nigeria’s automotive industry may be heading for a major policy shake-up as the Senate signals its readiness to fast-track legislation designed to protect local vehicle manufacturers, curb dependence on imported used vehicles and unlock the country’s automotive production capacity. The Senate Committee on Industry gave the indication during an oversight visit, conducted in…
Nigeria is moving to shield motorists from another petrol price shock, proposing a temporary cap of about ₦1,350 per litre as global oil prices surge amid escalating Middle East tensions. Finance Minister Taiwo Oyedele said the government wants refiners and fuel importers to absorb temporary increases in their costs, allowing them to recover losses when…
ANNIE ALLEN (UK Bureau Chief) Oil prices surged more than 5% on Thursday as fears over a widening Iran conflict and mounting disruptions to global supplies sent shockwaves through the energy market. Brent crude climbed as high as $5 a barrel before paring gains after US President Donald Trump said Washington would not launch an…
