NEWS
IMF Urges FG To Review 2025 Budget Amid Falling Oil Prices
The International Monetary Fund (IMF) has advised the Nigerian federal government to reconsider its proposed 2025 budget of ₦54.99 trillion, citing lower-than-expected global oil prices. The recommendation was part of the IMF’s Article IV Consultation Report on Nigeria, released today in Washington, D.C. Despite the budget concerns, the IMF projects Nigeria’s economy will grow by 3.4% in 2025, driven by increased...
ADC Coalition Unveils New Venue Amid Hotel Booking Dispute
The African Democratic Congress-led coalition has announced a new venue for the official unveiling of its political platform following the sudden cancellation by the original host, Wells Carlton Hotel, earlier on Wednesday. In a statement signed by ADC’s Deputy National Secretary, Nkem Ukandu, the coalition confirmed that the unveiling will now hold at the Shehu Musa Yar’Adua Centre in Abuja...
Coalition: Abuja Hotel Cancels Booking For Unveiling Venue, Sparks Opposition Backlash
A planned unveiling of the African Democratic Congress (ADC) as a unifying political platform for Nigeria’s opposition faced a setback on Wednesday after the hotel venue abruptly cancelled a fully paid reservation just hours before the programme. The event, scheduled to take place at the Wells Carlton Hotel and Apartments in Asokoro, Abuja, was intended to formally introduce the ADC...
FG Set To Withdraw Licence Of Firms With Dormant Oil Fields
In a renewed push to meet its OPEC production quota and 2025 budgetary targets, the Federal Government on Tuesday declared an end to the era where oil companies acquire field licenses and leave them dormant. The government warned that it would no longer tolerate operators lacking the technical and financial capacity to develop oil fields, stressing that such licenses would...
Australia Takes Action, Cancels Kanye West Visa Over ‘Heil Hitler’ Song
Australia has cancelled the visa of US rapper Kanye West over his song glorifying Nazi leader Adolf Hitler, the government announced Wednesday. The 48-year-old musician, who legally changed his name to Ye, released the track titled “Heil Hitler” on May 8, marking the 80th anniversary of Nazi Germany’s defeat in World War II. West—whose wife, Bianca Censori, is Australian—has been visiting...
NNPCL Announces N1.054trn Profit For May 2025
The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit after tax of ₦1.054 trillion for the month of May 2025, marking a significant 40.37 percent increase from the ₦748 billion posted in April. According to its latest Monthly Report Summary for May 2025, released on Tuesday, the national oil company also recorded a revenue of ₦6.008 trillion for...
Aregbesola Appointed ADC Interim National Secretary
Former Osun State Governor, Rauf Aregbesola, has agreed to serve as the Interim National Secretary of the African Democratic Congress. A former Kaduna State Governor, Nasir El-Rufa’i, Aregbesola bemoaned the current political structure in Nigeria, saying that, “our political landscape is plagued by parties that lack ideological depth. They are empty shells, merging and splitting, not over policy or principle,...
2025 Hajj: NAHCON Completes Inbound Transportation Of Pilgrims To Nigeria
The National Hajj Commission of Nigeria (NAHCON) has largely completed the inbound transportation of pilgrims returning from the 2025 Hajj back to Nigeria. This was stated in a release by NAHCON’s Assistant Director of Information and Publication, Hajiya Fatima Usara, in Abuja on Wednesday. “NAHCON has successfully concluded the return airlift of Nigerian pilgrims from the Kingdom of Saudi Arabia following...
Iran To Stop Cooperation With UN Nuclear Watchdog
Iran suspended on Wednesday its cooperation with the United Nations’ nuclear watchdog, days after a ceasefire in a war that saw Israeli and US strikes on nuclear sites in the Islamic republic. The unprecedented war, which broke out on June 13 and lasted for 12 days, has intensified tensions between Tehran and the International Atomic Energy Agency (IAEA). On June 25,...
Gov Nwifuru Condemns Killing Of Ebonyi Indigenes, Calls For Urgent Probe
Governor Francis Nwifuru has condemned the killing of Ebonyi indigenes in Ogboji community, located in the Orumba South Local Government Area of Anambra State, and has called for an urgent investigation into the circumstances surrounding the attack. Recall that no fewer than 13 Ebonyi State indigenes were killed on Monday by unidentified assailants in Ogboji community, Orumba South council. According to...
