States hit by 68% spike in foreign debt payments
States collectively spent about N235.58bn on servicing external debt obligations in the first half of 2025, Frontline reports. This is according to an analysis of the data from the Federal Account Allocation Committee disbursement released by the National Bureau of Statistics. The amount represents a sharp increase of N95.65bn orContinue Reading
Naira faces mixed sentiments amid strong Foreign Exchange demand
The naira recorded a mixed outing at the official and parallel markets at the close of last week. The Nigerian currency saw a 0.01 per cent appreciation at the National Foreign Exchange Market, where it had closed the week at 1,533.57/$, compared to 1,533.74/$ from the previous week. According toContinue Reading
Lagos to enforce vehicle inspection for E-hailing operators
The Lagos State Government has directed all licensed e-hailing operators to present their vehicles for inspection as part of a plan to enforce safety standards, ensure database integrity and guarantee vehicle roadworthiness. Commissioner for Transportation Oluwaseun Osiyemi gave the directive during a meeting with the operators at the ministry’s headquartersContinue Reading
Suspected vandal arrested in Abia for stealing EEDC property
…confesses plan to fund trip to Libya A 27-year-old suspected vandal, Chidiebere Ohama, from Umuariaga Ohoma in Ikwuano Local Government Area, has been arrested in Umuahia, Abia State, for allegedly stealing a ladder belonging to the Enugu Electricity Distribution Company (EEDC) at the Mission Hill area of the state capital.Continue Reading
Marwa calls for collective action against drug abuse, cultism, banditry
Chairman/Chief Executive of the National Drug Law Enforcement Agency (NDLEA), Brig Gen Mohamed Buba Marwa (Rtd) has called for collective action involving families, religious and community leaders to stem the tide of substance abuse, cultism and banditry among Nigerian youths. Marwa made the call while delivering the keynote address atContinue Reading
2027 Presidency: Wike, Fayose, Adebutu incur wrath of PDP pro-Jonathan big shots …for endorsing Tinubu
The plot to draft ex-President Goodluck Jonathan into the 2027 presidential race appears to be gathering steam. His supporters in the Peoples Democratic Party (PDP) yesterday launched what some political observers interpreted to be part of the underground work to clear the way for his emergence as the party’s flagContinue Reading
Man takes own life over wife’s infidelity allegations in Imo
A heartbreaking incident has occurred in Lawa village, Ogbaku autonomous community in Mbaitoli Local Government Area of Imo State, where a middle-aged man allegedly took his own life after discovering his wife’s infidelity with his childhood friend. The incident happened last Sunday. According to a witness, the deceased had previouslyContinue Reading
Nigerian Presidency Should Be One Term Of Five Years Like South Korea’s — Obi
The 2023 presidential candidate of the Labour Party, Peter Obi, has advocated a single term of five years for the office of the President of Nigeria. Obi said this would make the occupier know that they have a job to do within the limited time available. He said this wasContinue Reading
Bauchi Governor Woos Obi to PDP
The Bauchi State Governor, Bala Mohammed, has appealed to a former presidential candidate of the Labour Party (LP), Peter Obi, to return to the Peoples Democratic Party (PDP). He made the plea during a courtesy visit by Obi at the government house, Bauchi. “We want you to come back toContinue Reading
EFCC Chair Denies Forcing NNPCL Boss To Resign
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has denied reports (not by Channels Television) that he forced the Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, to resign. In a statement on Wednesday by EFCC spokesman Dele Oyewale, OlukoyedeContinue Reading