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N246bn NEDC allocation not for salaries only, Budget Office clarifies

By Progress Godfrey ABUJA – The Budget Office of the Federation (BOF) has dismissed claims that the North East Development Commission (NEDC) runs a N246.77 billion salaries budget, describing the narrative as false and misleading. The Budget Office stated that the N246.77 billion assigned to the NEDC is a consolidated statutory provision shown at an overall […]

FG denies siting gold refinery in Lagos

In a statement on Sunday in Abuja, Mr Segun Tomori, Special Assistant to the Minister of Solid Minerals Development, Dr Dele Alake, said the minister had not made any such announcement.

Nigeria’s oil output drops 8.3% to 1.544m bpd

By Udeme Akpan, Energy Editor The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, said Nigeria’s oil output, including condensate, dropped by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 from 1.684 million recorded in the corresponding period of 2024. The Commission did not provide reasons in its report released […]

62.5% rise in electricity sector debt threatens FG’s N1.2trn bond

By Obas Esiedesa Efforts by the Federal Government (FG) to address debts owed electricity generation companies (GenCos) may be facing increasing challenges as the debt burden rose 62.5% to N6.5 trillion at end 2025, up from N4trillion recorded at the beginning of the year. The government had flagged off the funding program through the issuance of N590 billion […]

Europe hits back at Trump’s tariff threat over Greenland

By Nkiruka Nnorom, with agency reports European leaders yesterday slammed US President Donald Trump’s threat of tariffs over their opposition to his designs on Greenland, warning transatlantic ties were at risk. Several European countries — including Denmark, of which Greenland is an autonomous territory — emphasised they “stand united” against Trump’s vow on Saturday to […]

Troops destroy Boko Haram camps, repel armed drone attacks in Timbuktu Triangle

By Ndahi Marama, Maiduguri Troops of the Joint Task Force North East, Operation HADIN KAI (OPHK), have recorded major operational successes in the Timbuktu Triangle area of Borno State, clearing several Boko Haram and ISWAP terrorist camps and thwarting coordinated attacks by the insurgents. The latest achievements form part of the ongoing dry season offensive, […]

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