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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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Edo Assembly Gets New Speaker as Idiaye Replaces Agbebaku

KEY POINTS Yekini Idiaye has emerged as the new Edo Assembly Speaker. Blessing Agbebaku...
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Over 200 KASU Lecturers Resign as ASUU Threatens Strike

KEY POINTS Over 200 KASU lecturers have reportedly resigned over poor conditions. ASUU gives...
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Nigeria’s Inflation Falls to 15.43%

KEY POINTS Headline inflation fell to 15.43% in July from 15.91%. Food inflation rose...
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FG unveils national cloud policy, targets $750m investment in 24 months

Nigeria's government has unveiled a National Digital Cloud Policy that aims to attract $750 million in private cloud and data investment within 24 months.
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MultiChoice Nigeria clarifies ownership structure under Canal+

MultiChoice Nigeria says it still sets pricing, content and distribution decisions locally under CANAL+, insisting global ownership keeps key operational choices in Nigeria.
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Bandits Attack Sokoto Communities, Displace Women and Children, Rustle Over 300 Cattle

KEY POINTS Suspected bandits attacked Ungushi, Gwandi and Maikurfuna in Kebbe LGA, forcing women,...
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NDLEA Arrests 70-Year-Old Man, Seizes Millions of Opioids in Multi-State Drug Crackdown

KEY POINTS NDLEA arrested a 70-year-old man and several others during coordinated anti-drug operations...
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Atiku Sues Tinubu, Seeks His Disqualification from 2027 Presidential Election

KEY POINTS Atiku and the ADC have sued Tinubu over alleged NYSC certificate forgery...
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Five Rescued After Gunmen Abduct 14 Travellers in Benue

KEY POINTS Gunmen abducted 14 passengers travelling from Enugu to Abuja on a road...
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WAEC Faces Possible Court Action Over Alleged Problems With 2026 CBT Results

KEY POINTS An education foundation has given WAEC 14 days to address alleged irregularities...
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EFCC Arraigns Man Over Alleged N56.4m Hajj Fraud

KEY POINTS EFCC arraigned Lawal Musa over alleged N56.4 million fraud linked to the...
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Vandalism Causes Five Electricity Transmission Towers to Collapse in Akwa Ibom

KEY POINTS Five TCN transmission towers collapsed in Akwa Ibom after critical structural components...
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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.