Oil Prices Fall as Trump Eyes Venezuela’s $2bn Crude
BY GODWIN OBI Global oil prices declined on Wednesday amid expectations of a supply increase after United States President Donald Trump disclosed plans for Venezuela to deliver up to 50 million barrels of crude oil to the US. According to industry sources, Washington and Venezuela’s interim authorities have reached anContinue Reading
Tax Law: N5tn VAT Windfall for States as New Formula Begins
BY GODWIN OBI Nigeria’s 36 states are projected to receive a combined ₦5.07 trillion in Value Added Tax (VAT) revenue in 2026 following the implementation of a new VAT sharing formula under the National Tax Acts. The projection is contained in the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy PaperContinue Reading
NIMASA Threatens Vessel Detention Over Non-Compliance After 30-Day Ultimatum
DR. MOBEREOLA, DIRECTOR GENERAL OF NIMASA BY GODWIN OBI The Nigerian Maritime Administration and Safety Agency (NIMASA) has issued a 30-day compliance ultimatum to vessels, shipping companies, and offshore operators operating in Nigerian waters, warning that defaulters will face vessel detention, monetary penalties, and denial of port clearance after FebruaryContinue Reading
PDP Questions INEC’s Independence, Accuses Commission of Blocking Ekiti Gov Candidate Submission
The National factional Chairman of the Peoples Democratic Party (PDP), Kabiru Tanimu Turaki, has questioned the independence of the current leadership of the Independent National Electoral Commission (INEC), accusing the commission of deliberately blocking the party from submitting the name of its governorship candidate for the forthcoming Ekiti State election.Continue Reading
Nurse, One Other Found Dead in Suspected ‘One-Chance’ Attacks in Abuja
BY GODWIN OBI Two women have been found dead in separate locations within the Federal Capital Territory (FCT) in incidents suspected to be linked to the activities of notorious “one-chance” criminal gangs operating in Abuja. One of the victims, Chinemerem Pascalina Chuwumeziem, was a nurse with the Federal Medical CentreContinue Reading
Electricity Subsidy Nears N2tn Yearly
By Frontline Reporters Amid ongoing struggles to clear over ₦4 trillion owed to power generation companies, the Federal Government incurred a total of ₦1.98 trillion in electricity subsidy obligations over a 12-month period between October 2024 and September 2025, according to quarterly reports released by the Nigerian Electricity Regulatory CommissionContinue Reading
Court declines bail to Bauchi finance commissioner, others accused of financing terrorism with $9.7m
A Federal High Court in Abuja has rejected the request for bail made by the Commissioner of Finance in Bauchi State, Yakubu Adamu, and three others accused, among others, of financing terrorism to the tune of $9.7 million. The other three are Balarabe Abdullahi Ilelah, Aminu Mohammed Bose, and KabiruContinue Reading
Court adjourns case against Anthony Joshua’s driver to January 20
Court Adjourns Case Against Anthony Joshua’s Driver to January 20 A Sagamu Magistrate Court in Ogun State has adjourned the case against the driver involved in the fatal crash that claimed the lives of two close friends of former world heavyweight boxing champion, Anthony Joshua, to January 20, 2026. TheContinue Reading
Sex scandal: Popular pastor steps down as PFN mulls sanctions
Imoleayo Oyedeyi,, Olufemi Adediran and Daniel Ayantoye The Senior Pastor of Mountain of Liberation and Miracles Ministries, Chris Okafor, has stepped down from active pastoral duties following mounting public outrage over multiple sexual allegations against him. The development comes weeks after the cleric publicly apologised to Nollywood actress Doris OgalaContinue Reading
Rivers Exco Approves N1.8trn 2026 “Budget of Resilience”
The Rivers State Executive Council has approved a ₦1.8 trillion budget proposal for the 2026 fiscal year, reinforcing the administration’s commitment to recovery, growth and inclusive development. The approval was granted at the State Executive Council meeting held on Friday evening. Speaking after the meeting, the newly sworn-in Special AdviserContinue Reading





