The Federal Competition and Consumer Protection Commission (FCCPC) has launched an investigation into major foreign media and technology companies over allegations of anti-competitive practices, unlawful use of news content and other actions said to be harmful to Nigerian media organisations. The development was disclosed in an issued statement yesterday by the FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, following a directive from President Bola Ahmed Tinubu for the Commission to examine a joint petition submitted to the Presidency by the Nigerian Press Organisation (NPO), and independent TV channels. The Nigerian…
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FG denies spending ₦8tr outside approved budget
…Rejects IMF report The Federal Government has denied spending more than ₦8 trillion beyond the 2026 Budget, citing false information and misinterpretation of the International Monetary Fund (IMF)’s 2026 Article IV Consultation Report. According to the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, who made this announcement in an issued press statement yesterday, said the claims, based on comments attributed to the IMF representative in Nigeria and the Fund’s report, incorrectly stated that approximately 2% of Nigeria’s GDP was spent outside of the approved budget. The…
Read MoreINEC secures ₦500bn for 2027 polls
…Extends voter registration by 2 weeks The Independent National Electoral Commission (INEC) says preparations for the 2027 general elections are gathering momentum, following the release of more than ₦500 billion in election funding and the extension of the ongoing Continuous Voter Registration (CVR) exercise by two weeks. The electoral body confirmed that it has received over half of the budget earmarked for the 2027 elections, describing the development as a major step towards ensuring adequate planning and logistics ahead of the nationwide polls. INEC National Commissioner and Chairman of the…
Read MoreBanditry: “Hunger fuelling members’ recruitment in the North”, UN warns
…Says 17m face ‘worst food crisis in a decade’ The United Nations World Food Programme (WFP) has warned that worsening hunger in northern Nigeria is pushing some desperate residents into joining bandit and armed groups, as more than 17 million people across conflict-affected states battle the region’s worst food security crisis in nearly a decade. In a statement issued on Thursday, the UN agency said a recent Cadre Harmonisé analysis revealed that over 17 million people in nine northern states are currently facing crisis, emergency or catastrophic levels of food…
Read More₦1.1bn Buhari-era funding, ₦1.3bn 2026 budget deepen mystery over ‘fictitious’ Presidential Council
…As Falana backs Adeyemi Fresh revelations have intensified the controversy surrounding the Presidential Economic Advisory Council (PEAC), with official records showing that the body received about ₦1.117 billion under former President Muhammadu Buhari, while another ₦1.3 billion has been allocated to it in the 2026 federal budget despite the Tinubu administration describing it as a non-existent agency. The development comes amid an ongoing legal battle involving Prince Adeniyi Adeyemi, who claims to be the Director-General of the Presidential Foreign Intervention Promotion Council (PFIPC) and the Presidential Economic Advisory Council, and…
Read MoreWorld Bank approves $1.25bn Nigeria loan despite backlash
The World Bank has approved a fresh $1.25bn loan for Nigeria under its ‘Nigeria Actions for Investment and Jobs Acceleration programme’, amid public concerns over the country’s rising debt burden and repeated calls for the Federal Government to reduce external borrowing. The approval was announced in a statement issued by the World Bank yesterday alongside the launch of a new ‘Country Partnership Framework for Nigeria’ covering 2026 to 2032. The bank said the new framework would guide its support for Nigeria over the next six years, with a focus on…
Read More‘79,323 killed, 34,773 abducted in Nigeria in six years’ – Report
…Bandits killed more than B’Haram, ISWAP A group, Observatory for Religious Freedom in Africa, (ORFA), has released a startling statistics on the activities of terror groups in Nigeria, which revealed that 79,323 people, were killed and 34,773 others abducted in terrorism-related violence in the last six years. In the new report made available to newsmen yesterday, ORFA, expressed regrets unfortunately the outside world was oblivious of this disturbing trend. In the report, titled: ‘Four Times Boko Haram? How the World Misreads Nigeria’s Violence’, signed by ORFA Senior Research Analyst, Frans…
Read MoreBorno: Teacher killed, students abducted writing NECO exams in school attack
…Security forces rescue 7 A teacher was killed and an unspecified number of students writing the National Examinations Council (NECO) examinations abducted yesterday, after suspected ISWAP terrorists attacked Government Day Secondary School, Lassa, in Askira-Uba local government area of Borno state. The attackers, who reportedly arrived on motorcycles, stormed the border community on its market day, passed through the market and invaded the school while students were in their classrooms, shooting sporadically and causing panic. Special Adviser to the Adamawa State Governor on Media and Strategy, Solomon Kwamagar, confirmed that…
Read MoreTextile import ban: ‘Nigerian economy risks losing ₦7tr, 10m jobs’ – CPPE tells Senate
The Centre for the Promotion of Private Enterprises (CPPE), has said the Senate’s recent resolution to place a ban on textile imports will be doing more harm to the Nigerian economy than good. Its Chief Executive Director, Dr. Muda Yusuf disclosed this in a statement yesterday. Recall that the Senate on June 9, 2026, made resolutions on the total ban on textile imports in a bid to revive the Nigerian textile industry. The resolutions followed the adoption of a Motion sponsored by Senator Sunday Katung, representing Kaduna-South, titled: ‘Urgent need…
Read More“Tinubu plotting one-party state” – Atiku alleges
…Warns world leaders over Nigeria’s democracy Former Vice-President and the African Democratic Congress (ADC) presidential candidate for the 2027 election, Atiku Abubakar, has accused President Bola Tinubu of pursuing a dangerous agenda aimed at turning Nigeria into a one-party state, warning that such actions could undermine the country’s hard-earned democracy. Atiku made the allegation yesterday while reacting to attempts to deregister the Nigeria Democratic Congress (NDC) through judicial processes, describing the move as part of a broader strategy to weaken opposition parties ahead of the 2027 general elections. In a…
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