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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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EFCC Arrests Former Skye Bank Chairman Tunde Ayeni Over Alleged ₦36.5bn Fraud

KEY POINTS EFCC arrested former Skye Bank chairman Tunde Ayeni over alleged ₦36.5bn and...
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Gunmen Storm Benue Palace, Kill Traditional Ruler, Family and Two Others

KEY POINTS Gunmen killed a traditional ruler, his wife, son, and two others in...
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Kidnapped Lagos Woman Freed After Family Pays $17,500 Ransom

KEY POINTS A Lagos woman was kidnapped from her home in a late-night attack...
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Over 11,000 Nigerians apply to sail on Navy warship

More than 11,000 Nigerians have applied to sail on a Nigerian Navy warship, blowing past expectations and forcing officials to draw up a selection plan.
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NNPC denies selling refinery scrap, warns public against fraudsters

NNPC Limited has denied selling scrap materials, equipment or components from its three refineries, warning the public against fraudsters posing as company agents.
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Tinubu meets Abbas and Reps after rejecting senators’ ticket bid

President Tinubu held a closed-door meeting with House Speaker Tajudeen Abbas and other Reps at the Villa, days after shutting down senators' automatic ticket bid.
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DSS Arraigns El-Rufai Over Alleged Interception of Ribadu’s Phone Conversation

KEY POINTS DSS arraigned Nasir El-Rufai on a five-count charge over alleged phone interception...
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Nigerian Military Sets up Court-Martial for 36 Personnel Over Alleged Coup Plot

KEY POINTS Nigerian military has inaugurated a court-martial to try 36 personnel over an...
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Fubara Endorses Tinubu’s Second Term, Urges Unity Among Southern Leaders

KEY POINTS Governor Fubara endorsed President Tinubu for a second term, citing progress in...
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Tinubu Approves 30% Debt Relief for Nigerian Airlines Amid Rising Fuel Costs

KEY POINTS The federal government approved a 30% reduction in debts owed by domestic...
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APC Announces Timetable for 2027 Elections, Begins Sale of Nomination Forms April 25

KEY POINTS APC will begin selling nomination forms for the 2027 elections on April...
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Gunmen Strike Kwara Communities, Abduct Family of Three in Daylight, Kidnap 15 Overnight

KEY POINTS Gunmen abducted a family of three in a daytime attack in Kwara...
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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.