Category: News

The World Bank on Monday revealed that the Nigerian National Petroleum Company (NNPC) Limited is remitting only 50 per cent of the gains generated from the removal of petrol subsidies to the federation account. In its latest Nigeria Development Update report released Monday, the global institution said NNPC started transferring the revenue gains to the […]

President Bola Tinubu presenting the 2025 budget proposal to members of the National Assembly on Wednesday, December 18, 2024 in Abuja. Photo Credit: Presidency The World Bank has described Nigeria’s 2025 federal budget as overly ambitious, warning that the Federal Government may be forced to turn to the Central Bank of Nigeria’s Ways and Means […]

•As Dangote Refinery exports diesel, imports crude Oil marketers have flooded the domestic market with 283, 577 metric tonnes of imported Premium Motor Spirit, PMS, also known as petrol and other petroleum products. This was even as the 650,000 Dangote Petroleum Refinery exported 44,000 metric tonnes of diesel to the global market while making preparations […]

Nigeria’s total public debt rose by N57.3tn within the first 18 months of the current administration, according to an analysis of data released by the Debt Management Office. The increase represents a 65.6 per cent surge in the debt stock, growing from N87.38tn recorded at the end of June 2023 to N144.67tn as of December […]

The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, de-escalating a trade war that has roiled financial markets and raised fears of a global economic downturn. After their first talks since US President Donald Trump launched his trade war, the world’s two biggest economies agreed in a […]

The Indigenous People of Biafra has declared a sit-at-home on May 30, 2025. This is to honour Biafran men and women who died during the Biafran War. IPOB said the sit-at-home is a yearly memorial, noting that it was a way to remember Biafra heroes and heroines. The group said it informed the South East […]

The Federal Government has assembled 12 Senior Advocates of Nigeria, led by a former Attorney General of the Federation, Chief Akin Olujinmi (SAN) and six other lawyers to defend the emergency rule declaration in Rivers State in the suit filed by the 11 Peoples Democratic Party governors challenging the suspension of democratic rule in the […]

Fubara speaking at the event. Credit: X| Big_Sinudo Suspended Rivers State Governor, Siminalayi Fubara, has stated that he is not desperate to return to office, revealing that his “spirit left the Government House long ago.” Fubara, however, acknowledged the immense support he had received from many people and emphasised the importance of standing by those […]

Patience Jonathan Wife of ex-President Goodluck Jonathan, Patience, has ruled out the possibility of her husband joining the 2027 presidential race to contest against President Bola Tinubu. Mrs Jonathan said rather than contest, her family would campaign for Tinubu’s re-election because Tinubu and his wife, Oluremi, supported Jonathan’s 2011 presidential bid. Mrs Jonathan, whose husband […]

The move to reconcile all aggrieved members of Nigeria’s leading opposition party, the Peoples Democratic Party (PDP), has started in earnest, with the party’s Governors Forum and former governors naming Ex-Senate President Bukola Saraki as the head of a seven-man reconciliation committee. Other members of the committee are Governors Dauda Lawal (Zamfara), Caleb Muftwang (Plateau), […]