NewsReports

BUJA — Nigeria’s former Attorney-General of the Federation (AGF), Mr Abubakar Malami, SAN, his wife, Hajia Bashir Asabe, and their son, Abubakar Abdulaziz Malami are to remain in prison custody till Friday January 7, 2026  reserved  by the Federal High Court for ruling  on their bail applications. Justice Emeka Nwite fixed the date after counsel to the defendants, Mr Joseph …

The inflation-beating performance stands 36.8 per cent higher than consumer inflation for November, which was 14.5 per cent. Nigerian stocks posted their best outing in nearly two decades this year as the main equity index showed a yield of 51.2 per cent at market close in Lagos on Wednesday. Never since 2007, when equities returned 74.7 per cent, had the …

The leaders made the declaration on Wednesday during a meeting held in Enugu, the Enugu State capital, after what they described as months of wide-ranging consultations. Former Labour Party presidential candidate in the 2023 election, Peter Obi, alongside other political leaders from Nigeria’s South-East geopolitical zone, has declared for the African Democratic Congress (ADC), citing the need to “rescue Nigeria …

The Nigerian National Petroleum Company Limited recorded a profit after tax of N502bn in November 2025, sustaining its profitability streak despite a decline in crude oil and condensate production during the month. This came as the state-owned energy firm simultaneously joined an intensifying price war in the downstream sector by cutting the pump price of petrol below N800 per litre. …

Leading opposition figures have kicked against the commencement of the new tax reforms, today, as insisted by the Federal Government, warning that the move could worsen poverty in the country. Those who cautioned against immediate implementation of the tax laws include African Democratic Congress, ADC, National Chairman, Senator David Mark; Labour Party, LP, Chairman, Senator Nenadi Usman; 2023 ADC Presidential …

Ukrainian President Volodymyr Zelensky has said a peace agreement to end the war with Russia is “90% ready”, in a New Year address that largely focused on resistance to Moscow’s full-scale invasion. Zelensky said the remaining 10% of the agreement to end nearly four years of conflict would “determine the fate of peace, the fate of Ukraine and Europe”. In …

The chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, has said that the new tax reforms will not result in automatic debits from bank accounts. Oyedele stated this on Channels Television’s end-of-year special on Tuesday, saying the tax authorities do not have the capacity to monitor every individual account, noting that enforcement is usually directed …

US President Donald Trump has said he is withdrawing National Guard troops from several US cities, including Chicago and Los Angeles, after a Supreme Court ruling last week undermined his authority to use troops for policing. “We will come back, perhaps in a much different and stronger form, when crime begins to soar again,” Trump wrote on Truth Social on …

•Our reforms in right direction •Nigeria will emerge stronger this year •Says harmonising tax system ‘ll raise revenue sustainably •We’re committed to protecting lives, property-FG President Bola Tinubu has promised that the year 2026 marks the beginning of a more robust phase for the country’s economic growth, noting that the new year will be a more prosperous one for the …

The CIA has assessed Ukraine was not targeting a residence used by Russian President Vladimir Putin in a recent drone attack in the north of his country, according to US officials, undercutting an assertion the Russian leader had made to President Donald Trump in a Monday phone call. The CIA’s director John Ratcliffe briefed Trump on the assessment Wednesday, the …