Author: Oloye

Despite its transition into a commercially driven entity, the Nigerian National Petroleum Company Limited (NNPC) is facing growing financial pressure as debts owed by its subsidiaries and related entities surged to N30.30tn in 2024, raising concerns about liquidity management and long-term sustainability. According to NNPC’s audited financial statements for the year ended December 31, 2024, outstanding inter-company receivables rose by 70.4 per cent, or N12.52tn, from N17.78tn in 2023 to N30.30tn. The sharp increase has intensified scrutiny of the company’s balance sheet, particularly as it pushes ahead with reforms aimed at positioning itself as a profitable, commercially oriented national oil…

The Movement for the Survival of the Ogoni People (MOSOP) has called on the Federal Government to respect the dignity, rights and welfare of the Ogoni people in its ongoing efforts to resume oil exploration activities in Ogoniland. MOSOP described the ongoing consultations between the Federal Government and Ogoni stakeholders as a positive step, but warned that any renewed oil activities must avoid the mistakes of the past that led to conflict, environmental devastation and prolonged marginalisation of the area. Recall that the National Security Adviser (NSA), Mallam Nuhu Ribadu, recently led a presidential delegation to Rivers State as part…

The West African Examinations Council (WAEC) certificate of the Ekiti State Deputy Governor and All Progressives Congress (APC) deputy governorship candidate, Mrs Monisade Afuye, has continued to generate mixed reactions across the state, as political activities gradually build up ahead of the 2026 governorship election. New Daily Prime reports that the Independent National Electoral Commission (INEC) has fixed June 20, 2026, for the Ekiti State governorship election. In line with electoral guidelines, INEC recently released and pasted the academic credentials of all governorship candidates and their running mates, a development that brought Afuye’s certificate into public scrutiny. According to documents…

The All Progressives Congress (APC) in Ahoada West Local Government Area of Rivers State has formally declared its allegiance to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, affirming its readiness to follow his political direction ahead of the 2027 general elections. Leaders of the party in the area stated that they would be guided by whatever political decisions the former Rivers State governor takes concerning the future of the state. The declaration was made during Wike’s appreciation visit to Ahoada West on Sunday. Speaking at the event, the APC Chairman in Ahoada West, Mr Rejoice Otobo, assured…

Ogun State Governor, Dapo Abiodun, on Sunday held a high-level meeting with top security officials in the state to review the overall security situation and strengthen measures aimed at protecting lives and property as the new year begins. The meeting, which brought together heads of various security agencies operating in Ogun State, focused on assessing current security realities, identifying emerging threats, and fine-tuning strategies to ensure peace and stability across the state. According to the Senior Special Assistant to the Governor on New Media, Ojo Emmanuel, who disclosed details of the meeting in a post on X, discussions centred on…

The African Democratic Congress (ADC) has faulted President Bola Ahmed Tinubu’s reported approval of the cancellation of legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account, describing the action as unconstitutional and detrimental to states and local governments. The opposition party warned that the move would significantly reduce funds meant for sub-national governments, insisting that the President lacks the constitutional authority to cancel revenues that belong to all three tiers of government. In a statement issued on Saturday by its National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC said the decision amounted to…

President Bola Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare, has criticised former presidential candidate Peter Obi, describing him as a politician trapped by personal ambition and disconnected from Nigeria’s political realities. Dare made the remarks in a statement titled “Imprisoned by ambition: Welcome to 2027, Peter Obi’s reckless misreading of politics and power”, in which he dismissed Obi’s reported defection from the Labour Party (LP) to the African Democratic Congress (ADC) as inconsequential and lacking political significance. According to Dare, Obi’s move failed to generate the momentum or excitement that would ordinarily accompany a major political realignment.…

Former Kano State governor and leader of the New Nigeria Peoples Party (NNPP), Rabiu Musa Kwankwaso, is reportedly considering a move to the African Democratic Congress (ADC) as opposition politicians intensify negotiations and reposition ahead of the 2027 general elections. Local media reports in Kano indicate that Kwankwaso is engaged in discussions with leaders of the ADC over a possible alliance that could also involve former Vice President Atiku Abubakar and the Labour Party’s 2023 presidential candidate, Peter Obi. The talks are said to be part of broader efforts to forge a united opposition front capable of challenging the ruling…

The All Progressives Congress (APC) in Plateau State has rejected claims by the Peoples Democratic Party (PDP) that Governor Caleb Mutfwang’s defection amounts to a betrayal of public trust, describing the accusation as ill-conceived and politically motivated. Governor Mutfwang officially joined the APC on Friday, a move that has triggered sharp reactions from his former party. In an immediate response, the Plateau State chapter of the PDP described the governor’s resignation and defection as “a slap on the face of the people who trusted him against all odds”. Speaking at a press conference in Jos shortly after Mutfwang received his…

The Nigerian military has identified one Shariff Umar, also known as Yusuf, as the suspected principal coordinator of a suicide bombing network linked to recent deadly attacks and attempted strikes across the North-East. The identification followed intelligence-led operations carried out by troops of the Joint Task Force North East, Operation Hadin Kai (OPHK), according to a statement issued on Saturday in Maiduguri by the task force’s Media Information Officer, Lieutenant Colonel Sani Uba. Uba said the breakthrough came after a series of cordon-and-search operations conducted in the Kalmari area of Maiduguri on 31 December 2025. During the operation, 14 suspects…