The Niger Delta Development Commission (NDDC), has presented a budget estimate of N1.75 trillion for the 2025 fiscal year to the Senate Committee on NDDC, chaired by Senator Asuquo Ekpenyong, and the House of Representatives Committee on NDDC, chaired by Hon. Ibori-Suenu Erhiatake. Presenting the budget proposals at the National Assembly complex, Abuja, the NDDC Managing Director, Dr Samuel Ogbuku, said the 2025 Budget, with the theme “Budget of Consolidation,” builds on the gains of the 2024 Budget of Renewed Hope and reflects the Commission’s deliberate shift from transactional to transformational development, in alignment with the Renewed Hope Agenda of…
Author: Abimbola Ogunaike
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Guaranty Trust Holding Company Plc has obtained the approvals of both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission to undertake a private placement of its ordinary shares, subject to the fulfilment of the applicable conditions precedent and regulatory requirements. The Financial Holding Company had earlier on August 29, 2025 announced that its banking subsidiary (Guaranty Trust Bank Limited) had satisfied and surpassed the new CBN minimum capital requirement for commercial banks with international authorisation, having already increased its capital to ₦504,037,107,058.45. This private placement in the sum of ₦10 billion is therefore only being raised…
The Defence Headquarters (DHQ) on Wednesday, 31 December, 2025 confirmed that a battle damage assessment of the recent United States strikes conducted in conjunction with Nigerian forces is still ongoing. Thegazellenews.com recalled that US President Donald Trump announced on Christmas Day that the American military conducted lethal strikes against Islamic State targets in northwestern Nigeria. The Federal Government confirmed the joint effort, describing it as part of ongoing counterterrorism cooperation. The Director, Defence Media Operations, Maj. Gen. Michael Onoja, who confirmed the development while while fielding questions from newsmen on Wednesday, 31 December, 2025 in Abuja, said the military would…
Gunmen on the evening of Tuesday, 30 December, 2020 abducted a former member of the Ogun State House of Assembly, Moruf Musa, at Ibiade in Ogun Waterside Local Government Area of the state. Musa, who served as Majority Leader of the Assembly between 2007 and 2011, was reportedly seized at about 7 pm while observing prayers inside a mosque located within his compound. Confirming the incident to PUNCH Online on Wednesday, 31 December, 2025, the Chairman of Ogun Waterside Local Government Area, Ganiyu Odunoiki, said the abduction occurred during the evening prayer, adding that the attackers also fired shots along…
One worker has been confirmed dead, while five others were trapped on the evening of Tuesday, 30 December, 2025 after a section of a private rice mill collapsed in Birnin Kebbi, the Kebbi State capital. It was gathered that rescue operations were still ongoing at the sending in this report for publication, as emergency workers battled to reach the victims buried beneath metal and debris. The Kebbi State Deputy Governor, Senator Umar Abubakar Tafida, led a government delegation to the scene for an on-the-spot assessment, assuring that all efforts were being made to rescue those still trapped. “We are here…
The Kogi State House of Assembly has passed the 2026 Appropriation Bill into law following a comprehensive review process that involved public participation, budget defence sessions, and legislative scrutiny. Chairman of the House Committee on Budget Monitoring and Appropriation, Olawumi Jacob, disclosed this while addressing journalists after the passage of the budget on the floor of the Assembly on Wednesday, 31 December, 2025. Jacob explained that the budget process began with the formal presentation of the appropriation bill to the House by Governor Ahmed Usman Ododo. This was followed by a public hearing that allowed civil society organisations, stakeholders, and…
Barely 24 hours before the commencement of implementation of the new tax law by the federal government, which is starting Thursday, 1 January, 2026, the Ondo State Governor, Mr. Lucky Aiyedatiwa, has forwarded a new tax bill for the state to the state House of Assembly for consideration. The state Attorney General and Commissioner for Justice, Dr Olukayode Ajulo, SAN, disclosed this after the State Executive Council meeting held on Tuesday, 30 December, 2025. The Chief Press Secretary to the Governor, Mr Ebenezer Adeniyan, who made this disclosure through a statement issued on Wednesday, 31 December, 2025, said the meeting…
The Nigerian National Petroleum Company Limited on Wednesday, 31 December announced that it has recorded a profit after tax of N502 billion in November 2025, sustaining its profitability streak despite a decline in crude oil and condensate production during the month. Figures from the NNPCL Monthly Financial and Operations Report for November 2025 released on Wednesday, 31 December, 2025 showed that the national oil company also generated N4.36 trillion in revenue, reflecting a marginal increase compared with October, as improved gas output, full pipeline availability and steady domestic fuel supply offset upstream production challenges. Crude oil and condensate production averaged…
A Mercedes driven by a yet-to-be identified man in North London in United Kingdom on Monday, 29 December, 2025 killed a man allegedly in his 80s and refused to stop after the tragic incident. Kent Police in United Kingdom revealed that the pensioner was struck by a grey Mercedes on the A289 Gads Hill, in Gillingham, on Monday, 29 December, 2025 and carried for an unspecified distance. According to My London, the victim’s severely injured body was found by a roadside, with the now abandoned vehicle located nearby. Southeast Coast Ambulance Service paramedics treated the elderly man at the scene,…
The Presidential Candidate of the Labour Party (LP) in the 2023 general election, Peter Obi, on Wednesday, 31 December, 2025 announced that he has finally dumped the party for the African Democratic Congress (ADC). Obi announced this on Wednesday, at the Nike Lake Resort, Enugu where he delivered a New Year address. In the address, Obi, who is also a former Governor of Anambra State, accused the current leadership in Nigeria of “state capture, economic mismanagement and systematic erosion of democratic values.” The politician urged Nigerians and opposition forces to unite under a broad national coalition to “rescue Nigeria from…