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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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CIG Motors Dismisses Director, Refers Case to EFCC

CIG Motors has dismissed an executive director and referred alleged misconduct to the EFCC, while the former official disputes the company’s account of his exit
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EFCC Holds Ex-AGF Malami Over Probe Delays

EFCC holds former AGF Abubakar Malami after he failed to meet bail terms as investigators broaden a high-profile financial-crime probe.
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Military Arrests 15 More Officers Over Alleged Coup Plot in Nigeria

Nigeria’s military detains 15 more officers over an alleged coup plot, with investigators linking funds to a former governor and minister.
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EFCC Probes Ex-NNPC Chiefs Over $2.9 Billion Refinery Funds

EFCC launches investigation into refinery funds misuse by former NNPC executives.
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EFCC Investigates Kwankwaso Over N2.5bn Pension Fraud

Former Kano Governor Kwankwaso is under EFCC investigation for allegedly mismanaging N2.5 billion in pension funds, highlighting deep-seated corruption issues in governance.
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Ortom Calls on Bello to Face EFCC Investigation

In a surprising turn of events, former Benue State Governor Samuel Ortom urged Yahaya Bello, the immediate past governor of Kogi State, to surrender himself to the Economic and Financial Crimes Commission (EFCC) amid ongoing corruption investigations. Ortom's statement comes after Bello's recent absence from court hearings related to the EFCC probe.
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EFCC Detains Bobrisky for Alleged Naira Abuse in Lagos

The EFCC has arrested Bobrisky for abusing naira notes, spotlighting legal consequences for currency mutilation and flaunting laws in Nigeria.
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How Emefiele Awarded Contracts to Wife and In-Law in CBN Scandal – EFCC

The EFCC unveils allegations against former CBN Governor Godwin Emefiele, accusing him of awarding lucrative contracts to relatives, raising serious corruption concerns.

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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.