President Bola Tinubu has approved the cancellation of a substantial portion of the debts owed by the Nigerian National Petroleum Company Limited, (NNPCL) to the Federation Account, wiping off about $1.42billion and N5.57trillion after a reconciliation of records between both parties. This is contained in a document prepared by the Nigerian Upstream Petroleum Regulatory Commission, (NUPRC), and presented at the November meeting of the Federation Account Allocation Committee, (FAAC). The report is titled: ‘Report of October 2025 Revenue Collection Presented at the Federation Account Allocation Committee Meeting Held on 18th…
Read MoreAuthor: Aminu Imam
Blackout, as national grid collapses again
…Drops to near zero Electricity supply across the country was disrupted on Monday following another collapse of the national grid, resulting in a steep fall in power generation. According to reports, the grid went down around 3p.m, plunging many Nigerians into darkness. The cause of the collapse could not be immediately confirmed. However, it occurred at a time when the Nigerian Independent System Operator (NISO) was making efforts to ramp-up generation following recent gas constraints caused by pipeline vandalism. Figures obtained from the NISO showed that generation dropped dramatically from…
Read MoreKaduna climbs to 2nd in ‘Ease of-Doing-Business’ ranking under Uba Sani
Kaduna State has recorded a major governance milestone, rising from 8th to 2nd position in the latest national ‘Ease-of-Doing-Business’ ranking, a development the state government says reflects deliberate reforms and people-centred leadership under Governor Uba Sani. In a statement issued yesterday, the Governor’s Office described the leap as the outcome of “quiet but consistent” policy choices aimed at making Kaduna more business-friendly for entrepreneurs, investors and small traders. According to the statement, signed by Suleiman Abubakar, Senior Special Assistant on Research, Documentation and Strategy-II to the Governor, “The administration has…
Read MoreNew Tax Law: NANS demands suspension pending review, public education
The National Association of Nigerian Students, (NANS), has called on the Federal Government to immediately suspend the planned implementation of the newly introduced Tax Reform Law, citing poor public enlightenment and alleged alterations to the version passed by the 10th National Assembly. The student body made the demand in an issued statement signed by its National President, Olushola Oladoja yesterday, ahead of the law’s scheduled commencement on January 1, 2026. While acknowledging the importance of tax reforms to national development, NANS said the current implementation process was “fundamentally flawed, poorly…
Read More“PDP’ll collapse if I defect to APC” – Wike
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has said the Peoples Democratic Party (PDP) would collapse if he were to defect to the All Progressives Congress, (APC). Wike made the remark during his end-of-year media chat in Port-Harcourt, the Rivers state capital yesterday, while responding to questions about whether he would join the ruling party. Recall that Wike’s supporters in the Rivers State House of Assembly, including Governor Siminalayi Fubara, recently left PDP for APC. Wike, however, insisted that he remains a member of PDP and has no…
Read MoreZamfara: NAF airstrikes flatten bandits’ enclaves, kill dozens
The Nigerian Air Force (NAF) has announced a major operational success following two precision Air Interdiction missions at Turba Hill and Kachalla Dogo Sule’s Camp in Tsafe local government area of Zamfara state. In an issued statement yesterday, the NAF’s Director of Public Relations and Information, Air Commodore Ehimen Ejodame, said that the airstrikes were conducted on Sunday based on credible multi-source intelligence. Ejodame explained that the strikes targeted key bandit enclaves linked to recent attacks in the North-West region, with NAF air assets deployed to degrade the criminal elements’…
Read MoreNdume urges FG to resettle Borno IDPs
Former Senate Leader, Ali Ndume, has urged the Federal Government to take urgent humanitarian measures to support the Borno State Government in resettling, reconstructing and rehabilitating victims displaced by more than a decade of insurgency. Ndume, who represents Borno-South senatorial district, made the appeal yesterday, at a Christmas luncheon he organised in collaboration with the Youth Wing of the Christian Association of Nigeria for Internally-Displaced Persons (IDPs) taking refuge at the CAN Centre in the North-East region. A statement from his office said the event attracted hundreds of displaced persons,…
Read MoreMaritime Elders urge Tinubu to sign NPERA Bill
…Warn of billions lost to port inefficiencies Maritime stakeholders, under the aegis of the Maritime Elders Forum, have appealed to President Bola Ahmed Tinubu to urgently sign the Nigerian Shipping and Ports Economic Regulatory Agency, (NPERA), Bill into law, warning that continued delay is costing Nigeria billions of dollars in lost revenue and investments. In an open letter dated December 29, 2025, and signed by the Convener of the Forum, Elder Asu Beks, the group commended President Tinubu for what it described as bold and people-focused leadership amid Nigeria’s economic…
Read MoreNew Tax Laws: “Nigerian airfares may rise above ₦1m” – Air Peace CEO, Onyema
Air Peace Chairman and Chief Executive Officer, Allen Onyema has stated that Nigeria’s domestic aviation sector is facing a looming crisis, as newly introduced tax laws threaten to drive ticket prices beyond ₦1 million and force airlines out of business, warning that unless urgent steps are taken to reverse the policy, the industry could begin to collapse within months, with severe consequences for passengers, banks and the wider economy. Speaking during an interview yesterday, Onyema said Nigerian airlines are weighed down by excessive taxation, levies and charges that leave operators…
Read MoreTinubu jets out to Europe ahead of Abu Dhabi Summit
President Bola Tinubu has departed Lagos for Europe to continue his end-of-year break, ahead of an official engagement in Abu Dhabi, the United Arab Emirates, (UAE). The development was confirmed yesterday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, who said President Tinubu left Lagos on December 28 and would proceed from Europe to Abu Dhabi in early January. According to Onanuga, the President has been invited by Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to participate in the 2026 edition of Abu Dhabi…
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