Ramalan, NBMOA BoT Chairman welcomes oil & gas shipping sector reforms

Ramalan welcomes NMDPRA Boss

…Calls for stricter reforms in embattled solid minerals sector to curb illegal mining   The Chairman, Board of Trustees (BoT), Northern Broadcast Media Owners Association (NBMOA),  has welcomed recent reforms in Nigeria’s oil and gas sector, describing them as timely and significant steps toward strengthening the industry, and repositioning the country within the global energy landscape.  The Chairman expressed appreciation for changes in the leadership of key regulatory agencies, noting that the reforms have generated optimism across the oil & gas shipping sector. In a statement issued yesterday from Cairo, Egypt,…

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Tinubu unveils ₦58.18tr 2026 Budget, declares war on armed groups

Tinubu unveils 2026 Budget

…Seeks Budget reset, State Police President Bola Tinubu yesterday presented a ₦58.18 trillion 2026 Appropriation Bill to a joint sitting of the 10th National Assembly, rolling out an ambitious fiscal plan anchored on security dominance, economic consolidation and deep structural reforms, even as he acknowledged the hardship Nigerians continue to endure from ongoing economic adjustments. Tagged: ‘Budget of Consolidation, Renewed Resilience and Shared Prosperity’, the proposal places national security at the heart of governance, with Tinubu declaring that all armed groups operating outside the authority of the state will henceforth…

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NNPCL slashes petrol price by ₦80, 48hrs after previous adjustment

NNPCL slashes

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the price of Premium Motor Spirit (PMS), commonly known as petrol, just 48 hours after its previous adjustment. ​A survey of filling stations in Lagos and the Federal Capital Territory (FCT), Abuja, on Thursday revealed that several NNPCL outlets have adjusted their prices downward. In Lagos, petrol now sells at ₦840 per litre, representing a 35% reduction from the previous price of ₦875. In Abuja, the pump price dropped to ₦835 per litre from ₦915, marking a significant decrease of ₦80.…

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H’Reps approve $64.85 oil benchmark against Senate’s $60

H'Reps approve

The 10th House of Representatives yesterday adopted the Federal Government’s proposed crude oil benchmark of $64.85 per barrel for 2026, diverging from the Senate, which earlier approved a lower $60 benchmark under the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). The House decision followed the consideration and adoption of a report by its committees on Finance, National Planning and Economic Development, which endorsed the executive’s oil price assumptions of $64.85, $64.30 and $65.50 per barrel for 2026, 2027 and 2028, respectively. This came ahead of the presentation…

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S’Court throws out INEC appeal against SDP

S'Court INEC appeal

…Awards ₦2m costs The Supreme Court has dismissed an appeal filed by the Independent National Electoral Commission (INEC) challenging the leadership of the Social Democratic Party, (SDP), ruling that the case lacked merit and had become purely academic. In a unanimous judgment delivered yesterday, the apex court also imposed a ₦2 million cost against INEC’s counsel. Recall that INEC had asked the court to overturn an October 17 decision of the Court of Appeal in Abuja, which upheld a Federal High Court ruling compelling the electoral body to recognise SDP…

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Leadership crisis: INEC meets with PDP factions 

INEC meets PDP

The Independent National Electoral Commission (INEC) has opened talks with the two rival factions of the Peoples Democratic Party (PDP) over the party’s lingering leadership crisis. The meeting, which took place at INEC’s national headquarters in Abuja, is aimed at addressing internal disputes threatening the party’s stability. This emergency engagement brings together representatives of the factions led by Tanimu Turaki and AbdulRahman Mohammed. The Mohammed faction is widely known to be backed by the Minister of the Federal Capital Territory, (FCT), Nyesom Wike, while the Turaki group claims recognition by…

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Kogi: 37 church worshippers, including children, abducted 

Kogi church abduction

…Bandits demand ₦600m ransom Bandits who attacked two churches in Aiyetoro Kiri community, Kabba/Bunu local government area of Kogi State, have abducted no fewer than 37 worshippers, including children and elderly persons, and are demanding a ransom of ₦600 million for their release. The coordinated attacks occurred on Sunday, December 14, 2025, when gunmen stormed the First ECWA Church and the Apostolic Church during worship services, taking advantage of the peaceful gatherings. Community sources said the assailants contacted residents a day after the attack, on December 15, indicating their intention…

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Afenifere calls for suspension of tax reform laws

Afenifere demands

The pan-Yoruba socio-political organisation, Afenifere, has urged the Federal Government to suspend the implementation of the 2026 Tax Reform Act, scheduled to take effect on January 1, 2026. According to an issued statement signed by Afenifere leader, Oba Oladipo Olaitan, and National Publicity Secretary, Prince Justice Faloye, the group urged the Federal Government to withhold the presentation of the 2026 Budget pending a comprehensive review of Nigeria’s fiscal framework. The organisation hinged its call on content integrity, tax sovereignty, and fiscal governance. Afenifere raised allegations that the gazetted version of…

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“We reject any plan by Defense Minister to wage war on Fulani people” – Prof. Yusuf

NHIS Secretary, Prof. Yusuf

Former Executive Secretary of the National Health Insurance Scheme (NHIS), Prof. Yusuf Usman, has strongly rejected any alleged plan by the Minister of Defence, General Christopher Musa (rtd), to wage war on Fulani people. According to a media post yesterday by the professor, such a move is unacceptable, dangerous, and counterproductive, warning that it could further inflame ethnic tensions and threaten national unity. He stressed that the Fulani people, like all other ethnic groups in Nigeria, are citizens who deserve protection, justice, and inclusion, not collective blame or military targeting.…

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Tinubu to present 2026 Budget to NASS today 

Tinubu 2026 Budget

President Bola Ahmed Tinubu will today, Friday, present the 2026 Appropriation Bill to a joint session of the 10th National Assembly. The presentation, scheduled for 2:00 pm, was conveyed in a notice issued yesterday by the Office of the Clerk to the National Assembly. According to the notice, all accredited persons are required to be at their duty posts by 11:00 am on the day of the presentation, as access into the National Assembly Complex will be restricted thereafter for security reasons. The notice, signed by the Secretary, Human Resources…

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