Author: News Room

Debt service and personnel costs have swallowed more than the Federal Government’s total revenue for the first seven months of 2025, even as receipts fell sharply below target and capital projects suffered deep cuts. An analysis of the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper, released on Wednesday on the website of the Budget Office of the Federation, showed that between January and July, the Federal Government earned N13.67tn as aggregate revenue, compared with a pro rata target of N23.85tn. That left a revenue gap of N10.19tn, representing a shortfall of about 42.7 per cent. This shortfall occurred amid…

The Anambra State Commissioner of Police, Ikioye Orutugu, on Wednesday revealed that joint security forces across the state have rescued approximately 35 kidnapped victims and arrested around 300 suspected criminals since the start of 2025. Orutugu, who disclosed this during a press briefing at the command’s headquarters in Awka on Wednesday, said the joint security operations also led to the recovery of over 2,000 arms and ammunition, including explosives and other dangerous items. He disclosed that about 60 stolen vehicles, including motorcycles, were recovered, and several criminal cases were successfully prosecuted, resulting in convictions. The Anambra police boss said that…

Nigeria’s political landscape is getting a little bit scarier as opposition politicians and their parties seem to be losing ground daily to the ruling All Progressives Congress in the deadly game of wits that is called politics. It got even scarier when it appeared that magistrates, judges and justices appeared to be singing President Bola Tinubu’s theme song, “On Your Mandate We Shall Stand” during what should have been one of their solemn and apolitical gatherings. They’ve since denied it. Have you observed that it does not look as if any of the opposition politicians and their “depleted” political parties…

The Labour Party has criticised the proposed ₦1.68 trillion 2026 budget of Ogun State Governor, Dapo Abiodun, describing it as unsustainable and potentially harmful to the long-term economic well-being of the state. The party also declared that it would not enter into any alliance with other political parties ahead of the 2027 general elections, insisting it would field candidates for all elective positions in the state. However, the party clarified that despite its resolve to contest all positions in Ogun State, it would support President Bola Tinubu’s re-election bid in 2027. The South-West Vice-Chairman of the party, Abayomi Arabambi, made…

Scott Dubin, convener of Logistics Marketplace and a global supply chain and logistics expert, examines the Nigerian logistics sector in this interview with FELIX OLOYEDE Nigeria has the largest population in Africa, yet it often relies on external logistics providers for health delivery. What does this reveal about the country’s use of local capacity? Most health logistics work in Nigeria is already carried out by Nigerian companies. The trucks, warehouses, and drivers reaching clinics are almost entirely local. What tends to come from outside is the management layer: coordination, oversight, compliance, and performance reporting. That reveals a clear gap. Nigeria…

Nigeria’s Super Eagles head coach Eric Chelle was notably absent as FIFA released the official list of voters for the 2025 Best FIFA Football Awards, despite extensive Nigerian involvement across voting and expert panels, PUNCH Sports Extra reports. Super Falcons goalkeeper Chiamaka Nnadozie was Nigeria’s sole nominee across the 11 award categories, earning recognition for her performances with Brighton, Paris FC, and the Super Falcons. Nigerians, however, featured prominently in the decision-making process as captains, coaches, media representatives and members of FIFA’s expert panels. Nnadozie was shortlisted for The Best FIFA Women’s Goalkeeper and The Best FIFA Women’s 11 following…

In July, Sony sued Tencent to prevent the release of Light of Motiram, a game Sony alleged was a “slavish clone” of its popular Horizon series. But the legal battle is already over; the two companies have reached a “confidential settlement” and the case has been dismissed with prejudice, according to a court document filed on Wednesday.Light of Motiram was announced last year, and the aesthetics of its reveal trailer show a striking resemblance to Horizon the series, featuring lush landscapes, futuristic technology, and monstrous animal-like robots. In its lawsuit, Sony also alleged that Tencent used its “rip-off” of Horizon…

More than 100 crypto exchange-traded products are likely to hit the market in 2026, but many of them will quickly be shuttered due to a lack of demand, an analyst says.Bloomberg analyst James Seyffart said on Wednesday that he agreed with a 2026 prediction from crypto asset manager Bitwise that over 100 crypto ETFs would launch, but said many wouldn’t last.“We’re going to see a lot of liquidations in crypto ETP products. Might happen at [the] tail end of 2026 but likely by the end of 2027,” Seyffart said, adding that over 126 ETP applications are currently awaiting an outcome…

Nick Reiner once spoke about being bailed out of jail in a resurfaced video taken before his arrest for the murders of his parents, Rob Reiner and Michele Singer Reiner. In a YouTube video uploaded in September 2016, Nick, now 32, is portraying a fictitious music mogul named Dddavid. “And I don’t even care if anyone calls me a Sally because I’m a snail and I’m never gonna f***ing fail and you know what? You’re gonna have to bail me out of jail,” he rapped. The video also features Nick walking around his family’s neighborhood and chatting with neighbors. At…

Nigeria’s Minister of Power, Adebayo Adelabu, said the Bola Tinubu administration has introduced significant reforms to revive the country’s electricity sector, adding that recent gains have boosted Nigeria’s ability to supply power at home and across the West African region. Speaking with PREMIUM TIMES on the sidelines of the West Africa Energy Cooperation Summit in Accra, Ghana, the minister highlighted current power generation from hydro and thermal sources, adding that plans are underway to integrate large-scale solar projects, particularly across northern Nigeria. Mr Adelabu acknowledged that significant challenges persist, but stressed that the sector is undergoing a sustained transformation aimed…