Over 24 States Clear Constitutional Hurdle On State Policing Bill
From Victor Osula, Abuja Before the October 30 deadline for them to give assent, 24 State Houses of Assembly have …
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Nigeria’s 36 States Share ₦7.41tn From FAAC
By Ayo Kehinde Nigeria’s 36 states received about ₦7.41 trillion in gross Federation Account Allocation Committee allocations between January and …
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37 Dead Miners: NSCDC Officer Admits Hearing Miners’ Cries for help
Fresh details have emerged over the death of 37 suspected illegal miners in the custody of the Nigeria Security and …
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Fed Character Commission Urges Customs to Stop Recruitment Over Legal Breach
The Federal Character Commission (FCC) has demanded the immediate suspension of the Nigeria Customs Service (NCS) recruitment exercise over alleged …
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Terrorism: Nigeria Sends 600 Troops For Specialised Jungle, Mountain Warfare Training in India
From Victor Osula, Abuja The Nigeria Army has moved to strengthen the battlefield capability of its personnel against evolving security …
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“What policies are you seeing through? You impoverish your people and you want to see impoverishment through?, Obasanjo Fires at Tinubu
Former President Olusegun Obasanjo has launched a blistering attack on President Bola Tinubu’s economic reforms, accusing the administration of worsening …
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Dangote Eyes Africa Petrol Distribution with 25 per cent Stake In Kenyan Oil Pipeline
Aliko Dangote has disclosed that Dangote Industries Limited has acquired a 25 percent stake in a petroleum products pipeline network in Kenya as the conglomerate expands its fuel distribution infrastructure across Africa. Dangote announced the investment during a conversation with the Africa Editor of the Financial Times, David Pilling, at the Financial Times Africa Summit 2026 in London. “Just let me tell you, yesterday, with the support from the President of Kenya, we bought 25 percent of the pipeline network for the distribution of petroleum products”, he said. The acquisition forms part of a broader strategy to build transportation, storage and distribution infrastructure that can move refined petroleum products from the Dangote Petroleum Refinery in Lagos into multiple African markets …
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IEA Warns Oil Crisis Could Persist Into 2027 as Brent Rises to $111
The International Energy Agency has warned that global energy markets might not return to normal in 2027 amid persistent Middle East tensions. The warning followed the sharp rice in Brent crude oil to $111 per barrel on Tuesday before retreating to around $109, The price movement reflected concerns that renewed conflict involving the United States and Iran could disrupt crude production and shipments through strategic routes in the region. CNN reported Brent trading above $111 per barrel, while Oilprice.com data later showed the benchmark retreating to $109. The Executive Director of the IEA, Fatih Birol, warned that the outlook remained uncertain, with the potential for further disruptions to oil supplies and refined petroleum products. “I don’t see any credible pathway …
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OPay’s ₦575bn H1 Revenue Closes in on Nigeria’s Banking Giants
The growing disruption of Nigeria’s banking industry by financial technology companies has taken a new turn, with OPay’s Nigerian operations generating about ₦575 billion in revenue in the first half of 2026, surpassing the gross earnings reported by Wema Bank and narrowing the gap with some established banking groups. A comparison published on Saturday by data intelligence platform, Statisense, ranked OPay sixth among seven major financial institutions compared by revenue for the six months ended June 30, 2026. According to the data, FirstHoldCo led the table with gross earnings of ₦1.93 trillion, equivalent to about $1.40 billion, narrowly ahead of Zenith Bank, which recorded ₦1.90 trillion, or approximately $1.38 billion. GTCO occupied third position with ₦1.11 trillion, estimated at $805 …
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NRS Rakes in N3.70tn in One Month as Oil Taxes
Nigeria’s federally collected revenue received a major boost in August 2026 as the Nigeria Revenue Service (NRS) generated N3.70 trillion in tax and related revenue, driven largely by strong petroleum taxes, royalties and Value Added Tax (VAT) receipts. The performance came despite a sharp shortfall in revenue collected by the Nigeria Customs Service (NCS), which missed its monthly target by N144.13 billion and also recorded a decline compared with its July collection. Details of the revenue performance were contained in a report presented during the technical session of the September meeting of the Federation Account Allocation Committee (FAAC) at the Federal Ministry of Finance headquarters in Abuja. The document, prepared by the Technical Sub-Committee of FAAC under the Office of …
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Nigeria’s $58.81bn Reserves Raise Stakes for Oil Investment
By Ayo Kehinde Data from the Central Bank of Nigeria showed that reserves increased from $55.08bn on October 9 to $58.81bn on October 12, representing a gain of $3.73bn. The latest figure is also $4.91bn, or approximately 9.1 percent, above the $53.90bn recorded on September 1. The increase strengthens Nigeria’s external buffer, potentially improving its capacity to manage foreign exchange pressures and meet external obligations. However, the specific drivers of the sharp three-day increase have not been established by the available data. Oil and gas remain central to Nigeria’s foreign exchange earnings, making investment in production, infrastructure and export capacity important to sustaining reserve growth. Higher crude oil prices can improve export receipts, but the benefits depend on production volumes, …
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2027: Tinubu Asks Nigerians For Four More Years, Blames Past Govts For Hunger
President Bola Tinubu on Saturday asked Nigerians for another four years in office as he formally launched his campaign for …
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APC PCC Accuses Atiku of Plotting to Sabotage Kaduna Campaign Flag- off
The Presidential Campaign Council of the governing APC has raised the alarm over an alleged “well-orchestrated, devious plan by former …
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Fed Character Commission Urges Customs to Stop Recruitment Over Legal Breach
The Federal Character Commission (FCC) has demanded the immediate suspension of the Nigeria Customs Service (NCS) recruitment exercise over alleged …
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Nigeria Secures 653 Convictions as1,060 Suspects Face Mass Trial over Terrorism
From Victor Osula, Abuja The Federal Government has secured 653 convictions in the ongoing mass trial of terrorism suspects before …
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State Police: 17 States Give Nod, Seven More to Go
By Ayo Kehinde The drive to establish State Police in Nigeria has gained fresh momentum, with 17 State Houses of …
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Ebola: Keyamo Directs 46 Contacts Of Infected Patient Placed On 21-Day No-Fly List
The Minister of Aviation and Aerospace Development, Festus Keyamo, has directed the Nigeria Civil Aviation Authority (NCAA) to place 46 …
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Shamonda Animal-Virus Kills First Human Patient In France
French health authorities have confirmed the first documented human infection with the Shamonda virus, an insect-borne disease previously known to …
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Kogi: Police arrest eight suspected cultists, three ATM fraudsters, recover 59 cards
From Joseph Amedu, Lokoja The Kogi Police Command has arrested eight suspected cultists in Itobe, Ofu Local Government Area, and …
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Peter Obi, The Nigerian Diaspora, And Propaganda, By Promise Adiele
At the risk of sounding pessimistic, one could argue profoundly that Nigeria’s contemporary political atmosphere carries a systemic, tragic potential …
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The Impossible Death Of Dele Giwa, Uzor Maxim Uzoatu
It has been 40 years since the satanic assassination of Dele Giwa through a letter bomb delivered to his home, …
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