NEWS
FCCPC, Shippers’ Council Endorse Fairness Agreement
By Edozie Obasi-Eze
As part of efforts to ensure healthy business conduct among operators in Nigeria’s maritime sector, the Federal Competition and Consumer Protection Commission (FCCPC) has inked a Memorandum of Understanding (MoU) with the Nigerian Shippers’ Council (NSC).
Chief Executive Officer, FCCPC, Babatunde Irukera, made the disclosure at the ceremony on Thursday, in Abuja, where he also expressed optimism that the move would remove bottlenecks and increase effective commerce in the industry.
On the rationale behind the MoU, he said, “We are partners in making sure that consumers are treated fairly, market operates robustly and ensuring that the playing field is level for all in the market, without entry barriers.”
Irukera expressed confidence that the agreement would become operational in no distant time.
The CEO commended the NSC’s approach to work with the Commission, and described it as both collaborative and supportive.
In his words, “For us, consumption is as much about pricing, as it is with disposable income and with satisfaction.
“People are likely to purchase again if they are satisfied and if there is enough money to purchase again, so, we are partners in making sure that consumers are treated fairly.
“We share the view that shippers are entitled to a fair recompense for the work and service they provide and by the same token, they share the view that the interim payers or the ultimate payers for the service they provide are also entitled to a fair value, for money proposition.
“Our work is to find that balance, make sure commerce increases and ensure there are no bottlenecks to commerce.
“We will also ensure that those in the business themselves are not bottlenecks to fairness to the citizens of this country.”
In the same vein, Executive Secretary, NSC, Emmanuel Jime, opined that the industry is very sensitive sector of the economy.
He explained that the council was involved in costs’ modulation to the extent that ultimate benefits to the consumers were guaranteed.
According to Jime, “Cost effectiveness is the key element of how services are delivered and when competition is properly monitored and consumers protected, it impacts costs.
“We are sector regulators, we have a common interest and we have to engender a common understanding.
“There is a need to have this kind of partnerships.”
Recall that the FCCPC had in 2021 executed a judicial search warrant and order of the Federal High Court, to actively investigate potential anti-competitive conducts in the shipping industry.
NEWS
TCN Restores Power Supply to Katampe Substation After Shiroro Line Fault
The Transmission Company of Nigeria (TCN) has restored bulk power supply to its Katampe 330kV Transmission Substation in Abuja following an earlier disruption caused by a fault on the Shiroro–Katampe 330kV Line 1.
The development was disclosed in a statement released by TCN management on Friday, October 9, 2026.
SEE ALSO: Kainji–Birnin Kebbi Power Line: TCN Begins Final Phase of Restoration
According to the statement, bulk power supply was restored to the Katampe substation at 4:15 p.m. through the Gwagwalada–Katampe 330kV Line 1.
TCN explained that the Shiroro–Katampe 330kV Line 1 remains out of service due to a fault, necessitating the use of the Gwagwalada–Katampe line to restore supply to the substation.
The company also announced the suspension of planned maintenance work on the Gwagwalada–Katampe 330kV Line 1 to enable the line to continue supplying the Katampe substation.
The suspended maintenance work involved replacing defective line isolators and the associated earthing switch.
TCN apologised to electricity consumers in the affected areas for any inconvenience caused by the disruption and maintenance arrangements.
NEWS
2027 Elections: FG Warns Politicians Against Promises on Fuel Subsidy
The Federal Government has warned politicians against making promises that could reverse Nigeria’s economic reforms, insisting that it will not restore fuel subsidy amid renewed debate over the Nigerian National Petroleum Company Limited’s (NNPC) petrol discount.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this during an interview on Channels Television on Friday, saying the government would not bring back subsidies on petroleum products.
“This government is not bringing back subsidy on fuel products. We need to be clear,” Oyedele said.
ALSO READ: NNPC Petrol Discount: Oyedele Explains How Lower Margins Could Boost Profits
The minister also criticised politicians who, according to him, make promises to win elections without fully considering the implications of implementing them.
He suggested that some politicians make sweeping promises during election campaigns only to offer excuses when confronted with the realities of governance.
“I think I would pardon people who say all manner of things because they want to get elected. It’s almost like ‘whatever I need to say, when I get there, I’ll give excuses.’ But we have the data,” he said.
Oyedele added that he felt a personal responsibility not to remain silent about the economic realities known to the government or allow populist positions to push Nigeria in the wrong direction.
“I feel the personal responsibility that I cannot see what I see and keep quiet, or populism to move our country in the wrong direction,” he said.
NNPC Petrol Discount Sparks Fresh Subsidy Debate
The minister’s remarks come amid renewed debate over fuel subsidy following the Federal Government’s announcement of a 30-day petrol discount at NNPC retail stations.
The initiative was introduced as a temporary measure to provide relief to Nigerians amid elevated global crude oil prices and concerns about the cost of petroleum products.
NNPC Retail had also announced a N66-per-litre petrol discount to mark Nigeria’s 66th Independence Anniversary, with the offer scheduled to run until October 31, 2026, across its retail stations nationwide.
The company maintained that the discount was a customer-relief initiative and did not represent a return to the petroleum subsidy regime.
The distinction has become central to the debate, with the government insisting that temporary price relief at NNPC stations does not amount to restoring the subsidy policy abolished in May 2023.
The administration has maintained that the current arrangement differs from the former subsidy system, under which the government intervened to cover part of the cost of petrol.
FG Defends Economic Reforms
During the interview, Oyedele also referred to a World Bank update, saying the institution had acknowledged a reduction in poverty levels and increased spending on infrastructure, particularly roads.
He urged Nigerians not to reverse the progress he said had been made, arguing that the country was approaching a point where the benefits of ongoing reforms should begin to emerge.
NEWS
Kaduna Moves to Clear 5-Year Promotion Backlog for 24,000 Teachers
The Kaduna State Universal Basic Education Board (SUBEB) has commenced a promotion exercise for 24,000 eligible staff as part of efforts to clear outstanding teachers’ promotions dating back to 2021.
The development was disclosed on Friday as the administration of Governor Uba Sani intensifies efforts to address promotion backlogs, recognise teachers’ years of service and improve staff welfare across the state.
The exercise covers outstanding promotions from 2021 to 2026 and is expected to provide eligible teachers and other staff with opportunities for career progression.
SEE ALSO: Kaduna Clears N18bn Pension Arrears, Raises Agric Funding to N100bn
According to the announcement, eligible personnel will undergo an assessment process, after which promotions will be implemented for those who successfully meet the requirements.
The initiative is part of efforts to strengthen the education sector by recognising the contributions of teachers and supporting their professional development.
The state government has emphasised the importance of investing in teachers, noting that a motivated and valued teaching workforce is essential to building a stronger education system.
The exercise is also expected to address long-standing staff concerns relating to career advancement within the state’s basic education sector.





