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Nigeria’s Balance of Payment falls 38% to $4.23bn in 2025

…Crude oil exports decline 14.41% to $31.54bn…Foreign portfolio investments down 48.3% to $8.04…Current account surplus falls 26%By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 billion recorded […]

Reps downstream committee raises alarm over likely hike in PMS price

The House of Representatives Committee on Petroleum Resources (Downstream) on Thursday raised a serious alarm over a looming increase in the pump price of Premium Motor Spirit (PMS), warning that Nigeria could face fresh fuel price shocks if urgent action is not taken within the next 48 hours.

Why Almajirai are infiltrating Abuja

Nine-year-old Aminu hails from Kankiya, in today’s Katsina State. He bears the mark of a child who is being robbed of his childhood, looking unkempt with his skin in dire need of soap and water.

M-East crisis: Israel eliminates Iran’s intel chief, Tehran vows revenge

In furtherance of its clear strategy of decapitation against Iran in the ongoing war, Israel yesterday announced that it had eliminated yet another top ranking Tehran’s official, Intelligence Minister, Esmail Khatib, and authorised its military to kill any senior Islamic republic figure it gets in its sights.

Insecurity: How Nigeria spent N32.8trn on defence in 15yrs

Despite the allocation of about N32.88 trillion to defence in the last 15 years — representing roughly 12.5 per cent of the N262.834 trillion national budgets within the period — Nigeria remains trapped in protracted insecurity.

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