The Federal Government has projected total revenue of N50.74 trillion for 2026, alongside a targeted economic growth rate of 4.68 per cent, while its proposed 2026 deficit has risen so sharply that it now exceeds the entire national budget of 2022 by N2.78tn, The PUNCH reports. This deficit likely means the government plans to borrow […]
Russia’s Ambassador to Nigeria, Andrey Podelyshev, has explained that Moscow’s broad foreign policy vision relies on the pillars of multipolarity and multilateralism. He said this at the Ambassadorial Forum titled “Russia’s Foreign Policy and its Priorities: Prospects for Multilateral Diplomacy,” organised by the Nigerian Institute of International Affairs (NIIA) in Lagos yesterday. In his remarks, […]
The United States Department of State on Wednesday announced measures aimed at addressing what it described as mass killings and attacks targeting Christians in Nigeria. The move signals that the US is considering visa restrictions against individuals and groups implicated in the violence. “The United States is taking decisive action in response to the mass […]
The Senate and House of Representatives yesterday moved to reset Nigeria’s failing security architecture, confirming General Christopher Musa as Defence Minister after intense scrutiny and approving far-reaching resolutions banning ransom and amnesty, tightening weapons control and demanding stricter laws to curb terrorism and mass kidnappings. The Senate confirmed the former Chief of Defence Staff after […]
The Central Bank of Nigeria has updated its cash withdrawal regulations, ending the special authorisation that allowed individuals to withdraw N5 million and corporates N10 million once per month, starting January 2026. In a circular issued Tuesday, December 2, 2025, and signed by the Director of the Financial Policy & Regulation Department, Dr. Rita I. […]
Committees of the United States Congress on Tuesday in Washington DC held a joint briefing over the ongoing kidnappings and the alleged persecution of Christians in Nigeria. The session was held at the instance of President Donald Trump, who earlier on October 31 instructed the House Appropriations Committee to investigate what he described as the […]
UN Agencies operating in Somalia have laid off about 700 staff, citing severe funding shortages. Officials say financial support from international donors has stalled, affecting funding for development and humanitarian programs, including projects previously supported by USAID. Scores of international staff have also been affected by the reduction in the workforce. The cuts come at […]
The White House has alleged that Kenya is among the countries using funds from a large-scale fraud scheme involving Somali migrants in the United States, intensifying criticism of US refugee and asylum policies under the Trump administration. Press Secretary Karoline Leavitt accused Somali immigrants linked to non-profit organizations in Minnesota of defrauding US taxpayers of […]
The Peoples Democratic Party (PDP) said it has issued certificate of expulsion from the party to the Minister of the Federal Capital Territory, Nyesom Wike, and other 10 members earlier expelled from the party. The party National Chairman, Tanimu Turaki, disclosed this while speaking with newsmen after the PDP National Working Committee (NWC) meeting in […]
The sudden resignation of the Minister of Defence, Mohammed Badaru Abubakar, may signal further exits from the Federal Executive Council in the coming weeks. Badaru’s exit on Monday has already intensified speculation about an imminent cabinet shake-up. Although it is not for anyone to predetermine the President’s next move, strong indications suggest that more ministers […]
