The Federal Government (FG) has borrowed N17.36 trillion from domestic and foreign sources in the first 10 months of this year. This represents N6.06 trillion (55.6 per cent) in excess of the N10.9 trillion stipulated in the 2025 Appropriation Act on 10 months prorate bases. The total borrowing in 2025 approved budget is N13.08 trillion for the entire fiscal year. The breakdown of the 2025 borrowings so far shows a N15.8 trillion from domestic sources as at October 2025 and N1.56 trillion from the external sources as at first half of 2025. Ads by Meanwhile, the FG last week initiated…
Author: Reporter
Operatives of the National Drug Law Enforcement Agency, NDLEA, have arrested a notorious drug lord, 40-year-old Yussuf Abayomi Azeez, at Murtala Mohammed International Airport, Lagos, as he attempted to board a flight to Saudi Arabia for Umrah. The arrest capped months of intensive surveillance on his illicit operations. NDLEA spokesman Femi Babafemi revealed that Azeez, previously arrested and charged in the United Kingdom, had jumped bail and fled to Nigeria. ‘How can I raise N474m? But everyday is torture’, cries Amirah, acid attack victim0:01 / 1:00 “After settling in Lagos, he established a massive clandestine laboratory in Lekki for producing…
The Economic and Financial Crimes Commission (EFCC) has returned a bank draft of N42.5 million to Mrs. Margret Odofin, a 70-year-old widow and retiree, after recovering funds fraudulently taken from her by her account officer. In a statement released on its official X handle on Friday, the commission confirmed that the money was misappropriated by Mrs. Kehinde Yusuf, an account and investment officer at a new-generation bank. The restitution was carried out on Thursday at the Kaduna Zonal Directorate of the EFCC, where Acting Director Bawa Kaltungo presented the draft on behalf of the commission’s Executive Chairman, Ola Olukoyede. Odofin…
Anambra State governor and candidate of the All Progressives Grand Alliance in Saturday’s guber election, Prof. Chukwuma Soludo, is comfortably leading other candidates as the Independent National Electoral Commission continues uploading results of Saturday’s election in the state. As of press time, INEC had uploaded over 99 per cent of election results onto its Results Viewing Portal, amid widespread accusations of vote-buying and other electoral infractions. Despite the early arrival of election materials in many polling units, voter turnout was relatively low across the state, even though more voters collected their Permanent Voter Cards ahead of the election. A preliminary…
Super Eagles head coach, Eric Chelle, has unveiled a 24-man squad for Nigeria’s 2026 FIFA World Cup playoff clash against Gabon, with Victor Osimhen and Tolu Arokodare spearheading the attack. Similarly, Udinese of Italy goalkeeper, Maduka Okoye making a return. The squad also sees the comeback of several players who missed the October international window, including defenders Bright Osayi-Samuel and Chidozie Awaziem, midfielder Raphael Onyedika, and Chidera Ejuke of Sevilla. Nigeria remains in contention for a World Cup ticket after finishing second in Group C of the African qualifiers, progressing as one of the best runners-up. The Super Eagles will…
As part of efforts to strengthen fire safety and safeguard national assets in higher institutions, the Tertiary Education Trust Fund (TETFund) has unveiled plans to establish fire stations across public universities in Nigeria. Executive Secretary of TETFund, Sonny Echono, announced the initiative during a courtesy visit by the Comptroller-General of the Federal Fire Service (FFS), Samuel Olumode Adeyemi, and his delegation. Echono emphasized that TETFund’s mandate of providing infrastructure for teaching, learning, and research has produced assets worth trillions of naira, which must be protected through proactive fire prevention measures. “We cannot provide these national assets without thinking about how…
The government of Russia yesterday said it was closely watching reports that the United States may be considering military action in Nigeria. Likewise, the African Union (AU) Commission stressed that the US must respect the sovereignty of Nigeria and engage in diplomatic dialogue in addressing the problem of insecurity in the West African country. This comes as President Bola Tinubu intensifies efforts to rally international support in the fight against terrorism and violent extremism. Russia’s Foreign Ministry spokesperson Maria Zakharova, was quoted by TRT World to have said this during a weekly press briefing in Moscow, urging Washington to act…
ABUJA The Nigerian government has said that it was calm and not in any panic mode over the comments and threats of US President, Donald Trump on the alleged genocide against Christians in the country. The government also said that it has opened up channels of discussion with the US and assured that it was committed as ever before to ensure that everyone is safe irrespective of religion or ethic background. Minister of Information and National Orientation, Mohammed Idris stated this while fielding questions from journalists at the end of the Federal Executive Council, FEC, meeting, presided over by President…
The marital crisis between Nollywood actress Regina Daniels and her estranged husband, Senator Ned Nwoko, has taken a worse dimension as the actress broke down in tears over the alleged harassment of her family and the arrest of her brother, Samuel Daniels, popularly known as Sammy West. The separation, which had earlier led Regina to consider filing for divorce, has now spiralled into a full-blown public storm. In a series of emotional videos shared online, the actress confessed to feeling overwhelmed by fear, pressure, and uncertainty surrounding her brother’s safety. Her outpouring of emotion has sparked widespread concern across social…
AWKA Chairman of the Independent National Electoral Commission, INEC, Prof Joash Amupitan has charged all political parties, governorship candidates and members to stick to the rules guiding Saturday’s election. Amupitan made the appeal in Awka, yesterday, at the stakeholders meeting organized by the commission. Coming on the heels of the signing of the election’s peace accord 24 hours earlier, Amupitan who is having his first taste of election as INEC chairman stated once again that the commission was fully ready for the poll. Giving a detailed rundown of their preparations, he disclosed that mock election was successfully carried out in…