Author: News Room
Capital spending by Federal Government ministries, departments, and agencies has remained severely constrained over the last three fiscal years, even as retained revenues expanded and debt service absorbed an overwhelming share of available resources, according to findings by The PUNCH. An analysis of data from the Budget Office of the Federation’s Medium-Term Expenditure Framework and Fiscal Strategy Paper reports covering 2023, 2024, and the January–July period of 2025 showed that MDAs’ capital expenditure votes were persistently underfunded, leaving a cumulative gap of N15.21tn over the three-year period. Despite successive increases in headline capital budgets, actual releases and spending failed to…
At least 48 Nigerians have been arrested in Ghana over alleged romance scams, online investment fraud and other cybercrime-related offences. The arrests came less than a week after no fewer than 42 Nigerians were deported from Ghana’s Ashanti Region over alleged prostitution, fraud and other related offences, a development disclosed by the Ashanti Regional Minister, Frank Amoakohene, in a Facebook post on Thursday, December 18, 2025. Although the exact date of the latest arrests was not disclosed, Ghana’s Minister for Communication, Samuel George, said in a Facebook post on Wednesday that the suspects were apprehended during a coordinated raid by…
Nigeria is once again seeking to repair its fragile revenue system, but the risks this time are significantly higher than in previous reform efforts. SAMI TUNJI examines how the far-reaching new tax laws will test the country’s revenue strategy, compelling a critical balance between ambition, effective implementation, and public trust in a low-income, high-inflation economy Nigeria has often promised to fix its revenue problem. What is different this time is not the promise but the scale of the gamble. In less than two weeks, four sweeping tax laws signed by President Bola Tinubu on 26 June 2025, will move from…
Former Nigeria striker, Yakubu Aiyegbeni, has defended Victor Osimhen after the striker failed to score in Nigeria’s opening game at the ongoing 2025 AFCON in Morocco, while also noting that the midfield showed some improved performance, PUNCH Sports Extra reports. Osimhen fired blanks, but the Super Eagles began their campaign with a 2-1 win over Tanzania in Fez, thanks to goals from defender Semi Ajayi and 2024 African Player of the Year, Ademola Lookman. The Galatasaray striker thought he had doubled Nigeria’s advantage just after the restart, but his effort was ruled out for an offside. Aside from that, he…
The majority of crypto exploits in the coming year won’t be caused by a zero-day bug in your favorite protocol, say crypto security experts. It’s going to be caused by you. That’s because 2025 has shown that the majority of hacks don’t start with malicious code; they begin with a conversation, Nick Percoco, chief security officer of crypto exchange Kraken, told Cointelegraph. “Attackers aren’t breaking in, they’re being invited in.”From January to early December 2025, data from Chainalysis shows that the crypto industry witnessed over $3.4 billion in theft, with the February compromise of Bybit accounting for nearly half of that total. …
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The lead counsel to the Economic and Financial Crimes Commission (EFCC), Chief Jibrin Samuel Okutepa, SAN, has dismissed claims that a court order directing the release of former Attorney-General of the Federation Abubakar Malami, SAN, has been served on the anti-graft agency in the ongoing N8.7 billion alleged money laundering case. In a statement on Wednesday on X, Okutepa said neither the EFCC nor his law office had received any court order granting Malami bail, contrary to claims. According to him, he had been inundated with calls from colleagues and members of the public asking why the EFCC had not…
A chieftain of the All Progressives Congress, APC, and former Minority Leader of the House of Representatives, Farouk Aliyu, has advised the Peoples Democratic Party, PDP, to resolve its internal crisis or consider merging with the African Democratic Congress, ADC. Aliyu gave the advice during an interview on a national television programme, stressing that unity and concessions within the PDP were necessary for the survival of the party and the health of Nigeria’s democracy. “I call on my brothers and sisters in the Peoples Democratic Party and the African Democratic Congress to put their acts together. In my opinion, the…
The FCT Police Commissioner, Miller Dantawaye, says the command has six different syndicates of one-chance perpetrators in its custody. Dantawaye made this disclosure on Wednesday when he appeared as a guest in an interview on Arise Television monitored by DAILY POST. He was speaking on the security of the FCT during the Yuletide and beyond. He said that patrols and trainings were ongoing, and all senior officers go out at every point in time to see and ensure police teams are on ground until at least 6am, adding that such has helped them to apprehend a lot of ‘one chance’…
Algeria captain, Riyad Mahrez is currently the leading joint-top scorer at the ongoing 2025 Africa Cup of Nations, AFCON, in Morocco. This comes following the conclusion of the AFCON Group stage match-day round of fixtures played on Wednesday. Mahrez has two goals to his name, alongside Senegal striker Nicolas Jackson and Tunisia star Elias Achouri. The former Manchester City winger netted a brace in Algeria’s 3-0 win against Sudan on Wednesday, while Jackson scored a brace against Botswana on Tuesday, and Achouri scored two goals in his side’s victory against Uganda on Tuesday. AFCON top scorers ahead of Group stage…
