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Obasanjo says 13% derivation is only a start for oil-producing states

Former president Olusegun Obasanjo says the 13% derivation is only a starting point for oil producing states, as Bayelsa governor Douye Diri calls it inadequate.
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Nigeria spent N7.7 trillion on debt interest in six months, 124% of its revenue, World Bank says

Nigeria spent N7.7 trillion on interest in the first half of 2026, equal to 124.2% of its N6.2 trillion revenue, according to the World Bank.

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Three Killed in Warri-Itakpe Train Derailment

KEY POINTS • Three passengers confirmed dead in train accident • Emergency teams deployed to rescue...
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WAEC Warns Schools Against Extorting WASSCE Candidates

KEY POINTS • WAEC condemns illegal fees imposed on candidates • Schools charging for free calculators...
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IPOB Claims Nigerian Government Admits Court Lacked Jurisdiction in Nnamdi Kanu Case

KEY POINTS IPOB says its leader, Nnamdi Kanu, agrees with an alleged admission by...
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Nigeria Records No Confirmed Ebola Cases

KEY POINTS The NCDC says there are currently no confirmed cases of Ebola in...
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Atiku Slams Babachir Over Ethnic Remarks, Warns Against Division

KEY POINTS Atiku Abubakar has condemned former SGF Babachir Lawal for what he described...
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Ogbomoso Chief Imam Denies Terror Links, Urges Rescue of Abducted Pupils

KEY POINTS The Grand Chief Imam of Ogbomosoland has denied allegations linking him to...
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Delta Community Erupts as Youths Clash With Security Task Force, Houses Burned

KEY POINTS Two security operatives were reportedly beaten into a coma during a violent...
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Lagos Police Detain Health Workers After Reporting Security Threat

KEY POINTS Two health workers in Ikorodu, Lagos, were detained after reporting an alleged...
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Military Offensive Frees Hundreds of Boko Haram Captives in Borno

KEY POINTS More than 400 women and children abducted by Boko Haram have been...
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Family Seeks Justice After Tricycle Rider Dies in Warri Crash

K KEY POINTS Family accuses police officers of causing a fatal crash that killed a...
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Natasha Urges Kogi Residents to Register for Voter Cards

KEY POINTS Senator Natasha Akpoti-Uduaghan has urged Kogi residents to register for their Permanent...
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FCT Police Seize 30 Vehicles Over Tinted Glass Violations

KEY POINTS The FCT Police Command has impounded over 30 vehicles for using tinted...
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Business

Obasanjo says 13% derivation is only a start for oil-producing states

Former president Olusegun Obasanjo says the 13% derivation is only a starting point for oil producing states, as Bayelsa governor Douye Diri calls it inadequate.
News

Nigeria spent N7.7 trillion on debt interest in six months, 124% of its revenue, World Bank says

Nigeria spent N7.7 trillion on interest in the first half of 2026, equal to 124.2% of its N6.2 trillion revenue, according to the World Bank.
News

Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.
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“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.