Good morning, Nigeria! You’re welcome to the Lagos Post Online News Roundup of today’s top newspaper headlines for Wednesday, March 4th, 2026.
President Donald Trump has announced plans to protect commercial vessels passing through the Strait of Hormuz, a waterway facing threats from Iran, potentially deploying the US Navy to do so.
“If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible,” he posted on his platform, Truth Social, on Tuesday.
“No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD.”
President Bola Tinubu will formally swear in Olatunji Disu as Nigeria’s substantive Inspector-General of Police today, following the Nigeria Police Council’s unanimous endorsement of the nomination.
The swearing-in ceremony will take place during the Federal Executive Council (FEC) meeting scheduled for the same day.
“The swearing-in ceremony will take place during the Federal Executive Council meeting scheduled for the same day,” the President’s Special Adviser on Information and Strategy, Bayo Onanuga, said in a statement on Monday.
Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on Tuesday, adjourned to rule on the admissibility of a Deed of Assignment and an Irrevocable Power of Attorney tendered by the Economic and Financial Crimes Commission, EFCC, in the ongoing trial of former Kogi State Governor, Yahaya Adoza Bello.
The judge fixed the date after listening to extensive arguments from counsel over the admissibility of the two documents relating to the sale of Plot 1160, Cadastral Zone, Gwarimpa 2, Abuja, allegedly sold for ₦100 million.
Bello is being prosecuted by the EFCC on a 19-count charge bordering on alleged money laundering to the tune of ₦80,246,470,088.88.
Civil servants in Anambra State have had their February salaries cut after they failed to show up for work on Mondays during the sit-at-home period ordered by the Indigenous People of Biafra (IPOB), the state government has confirmed.
The decision followed an earlier announcement that salaries would be paid based on the number of days each worker was present at work.
The new payment method began in February 2026 as part of steps taken by the state to end the Monday sit-at-home. The government also declared that the protest action had come to an end.
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Tuesday, March 3, 2026, arraigned two bank officials, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over an alleged $306,667.81 and €50,250 fraud before Justice Ismaila Ijelu of the Lagos State High Court sitting in Ikeja.
The defendants, who are both top officials of FSDH Merchant Bank Limited, were arraigned on a 10-count charge bordering on alleged stealing and retention of stolen property to the tune of $306,667.81 and €50,250.
The petitioner, FSDH Merchant Bank Limited, alleged that an internal audit uncovered unauthorized debits totaling $306,667.81 and €50,250, equivalent to N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo).
The Nigerian National Petroleum Company Limited (NNPCL) and many other fuel retailers have adjusted their pump prices upward, with the cost of Premium Motor Spirit now reaching as high as ₦960 per litre in the Federal Capital Territory, Abuja
A check across parts of the Federal Capital Territory on Tuesday showed that NNPCL outlets adjusted their prices upward from ₦875 per litre sold on Monday to ₦960 per litre.
The latest adjustment represents an ₦85 increase per litre by the state-owned oil firm.
President Bola Ahmed Tinubu has put forward Mr. Taiwo Oyedele‘s name for the position of Minister of State for Finance, as Dr. Doris Uzoka-Anite is stepping aside from the role.
Uzoka-Anite will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration.
President Tinubu conveyed the nomination of Oyedele to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio, on Tuesday, 3 March 2026, thegazellenews.com reports.
A former deputy governor of Oyo State, Chief Moses Alake Adeyemo, has emerged as the new chairman of the All Progressives Congress (APC) in the state.
He was officially announced as the new APC chairman at the state congress of the party held at Liberty Stadium, Ibadan, on Tuesday.
The announcement was made by Afeez Bolaji Repete, a former APC National Youth Leader and secretary of the party’s ad hoc zoning committee, under the supervision of the congress committee set up by the national leadership of the party in Abuja.
Managing Editor,
Lagos Post Online.
Damilare is a disciplined tech enthusiast and media entrepreneur with interest and unparalleled passion for model Web and app design technology. He is a firm believer in the meaningful role research and innovation can play in addressing economic issues across industries and sectors. He’s passionate about online Journalism. Damilare is also a Photographer.
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