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Conflicting reports on Nigeria’s crude oil production for late 2024 have highlighted discrepancies between data from the Organisation of the Petroleum Exporting Countries (OPEC) and Nigeria’s own authorities. According to OPEC’s Monthly Oil Market Report (MOMR) for December 2024, Nigeria’s average daily oil production, including condensates, rose by 152,000 barrels per day (bpd) in November 2024. This marked an 11% increase, bringing total production from 1.333 million bpd in October to 1.486 million bpd in November. The data suggested a significant recovery in output, with a month-on-month increase of nearly one million barrels. However, figures from the Nigerian Upstream Petroleum…
At least 20 people, including members of a local vigilante group, were killed in a misdirected airstrike by the Nigerian Air Force (NAF) in Maradun Local Government Area of Zamfara State. The area is the hometown of the Minister of State for Defence, Bello Matawalle. The victims, members of the Zamfara Community Protection Guard, were reportedly struck on Saturday night, January 11, in Tungar Kara, a community where the Air Force and local defenders were responding to a terrorist attack. A local resident, Salisu Maradun, explained that vigilantes and other residents had mobilized to defend the community and recover stolen…
The Nigerian Army has undergone a significant leadership reorganization under Chief of Army Staff Lt. General Olufemi Oluyede, who has appointed new commanders across multiple divisions and departments to strengthen operational and administrative capabilities. Key appointments include Major General OT Olatoye as GOC 82 Division and Commander of Joint Task Force South East Operation Udoka, and Major General EF Oyinlola as GOC 3 Division and Commander of Operation Safe Haven. Major General GM Mutkut takes over as Force Commander of the Multi-National Joint Task Force in Njamena. The restructuring confirms several acting appointments, including Major General AGL Haruna as GOC…
Saturday, 11 January 2025 05:06

US returns $52.8m in stolen assets to Nigeria

The United States government has repatriated $52.88 million to Nigeria from assets linked to former Petroleum Minister Diezani Alison-Madueke and her associates. The agreement was signed Friday in Abuja between Nigeria's Justice Minister Lateef Fagbemi and US Ambassador Richard Mills Jr. The recovered funds will support two major initiatives: $50 million will fund rural electrification projects through the World Bank, while $2.88 million will support counter-terrorism training programs across Africa through the International Institute for Justice. The assets were seized as part of a larger corruption investigation involving Alison-Madueke and Nigerian businessmen Olajide Omokore and Kolawole Aluko. US authorities found…
The National Bureau of Statistics (NBS) has announced that Nigeria’s rebased gross domestic product (GDP) will include data on illegal economic activities such as prostitution, drug dealing, operations of illegal refineries, etc. The updated GDP figures, scheduled for release by the end of January, aim to provide a more comprehensive picture of the nation’s economy by capturing both formal and informal sectors. Speaking during a sensitisation workshop on GDP and consumer price index (CPI) rebasing in Lagos, Moses Waniko, technical assistant to the statistician-general, explained that the exercise would reflect economic realities previously omitted from official records. “Illegal activities such…
The Oxford English Dictionary (OED) has expanded its collection with 20 Nigerian words and expressions in its latest update, reflecting the growing global influence of Nigerian English and Pidgin. Among the newly added entries are “japa,” “agbero,” “eba,” “419,” “abi,” “suya,” and “yahoo boy.” These words capture diverse aspects of Nigerian culture, daily life, and street slang, further cementing Nigeria’s unique contribution to the English language. “Japa,” for instance, is defined as the act of fleeing or emigrating, particularly in search of better opportunities abroad, and is listed as both a noun and a verb. Similarly, “agbero” refers to touts…
The Joint Admissions and Matriculation Board (JAMB) has reported generating N22 billion in revenue for 2024, with N6 billion remitted to the federal government, according to the board's weekly bulletin. The majority of the funds were allocated to operational costs, with over N18 billion spent on conducting the Unified Tertiary Matriculation Examinations (UTME), compensating service providers, and covering essential expenses. The board's financial breakdown reveals N2.1 billion in staff claims and a N3 billion subsidy program that provided N1,500 per UTME candidate for registration costs. This latest remittance continues a pattern of significant financial contributions to the federal government that…
Chad’s government announced that security forces thwarted an attempt to destabilize the country on Wednesday evening following gunfire near the presidential office in the capital, N’Djamena. Military personnel swiftly blocked off surrounding streets, and officials assured citizens that the situation was under control. In a video recorded at the presidential headquarters, government spokesperson Abderaman Koulamallah described the incident as minor and said calm had been restored. “It was a little incident … everything is calm,” he stated in the footage shared on Facebook. “This whole attempt at destabilisation has been thwarted.” The events unfolded during an official visit by Chinese…
Wednesday, 08 January 2025 05:13

573,000 apply for 3,927 Customs jobs

The Nigeria Customs Service (NCS) has reported an overwhelming response to its 2024/2025 recruitment drive, with 573,519 applications received in just one week after the portal opened. This comes after Federal Government approval to hire 3,927 officers, as confirmed by Finance Minister Olawale Edun. NCS National Public Relations Officer Abdullahi Maiwada provided a detailed breakdown of the applications across different positions: For Superintendent Cadre: - General Duty: 249,218 applicants - Support Staff (requiring HND or university degree): 27,722 applicants For Inspector Cadre (requiring NCE or National Diploma): - General Duty: 115,634 applicants - Support Staff: 12,952 applicants For Customs Assistant…
May 08, 2025

‘Don’t worry’ about your salary early in your career, says Warren Buffett: Focus on this…

I worked at a financial magazine for much of my 20s, and for the most…
May 08, 2025

Pat Utomi forms ‘shadow government’. These are the members and what they’ll do

Economist and political activist, Pat Utomi has assumed a formal opposition role with the formation…
May 09, 2025

Ultra-processed foods are driving premature deaths. Here are the 4 common culprits

Ultra-processed foods are getting a lot of attention. Research links them to cancer, heart disease,…
May 03, 2025

Man accidentally buys his own car after it was stolen a few weeks earlier

An English man unknowingly bought back his own Honda Civic just weeks after it was…
May 07, 2025

Gunmen invade Plateau communities, kill six, injure several

No fewer than six persons were killed in renewed attacks in Marit and Gashish communities…
May 09, 2025

Here’s the latest as Israel-Hamas war enters Day 581

Israel says it intercepted missile fired from Yemen; Houthis claim responsibility Israel's military said on…
May 07, 2025

The first driverless ‘trailers’ have started running regular longhaul routes

Driverless trucks are officially running their first regular long-haul routes, making roundtrips between Dallas and…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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