Nigeria records ₦5.7trn deficit as weak revenues strain 2025 budget
Nigeria’s fiscal gap widened to ₦5.7 trillion in the first half of 2025 after government earnings came in far below expectations, according to the latest Budget Implementation Report (BIR). Total revenue for the period was ₦10.18 trillion — roughly a quarter of the more than ₦40 trillion projected for the whole year. In a foreword to the report, Minister of Budget...
2 police officers killed in Russia explosion
Two police officers have been confirmed dead in an explosion in Moscow, the capital of Russia, when they tried to stop a suspicious person. Russia's Investigative Committee confirmed the incident via a statement issued on Wednesday, December 24, 2025. The blast occurred close to the site where a Russian general was killed earlier this week. The committee, which probes major crimes in...
N4.6bn fraud: Court orders EFCC to present detained Bauchi finance commissioner
The Federal High Court in Abuja has ordered the Economic and Financial Crimes Commission (EFCC) to produce the Bauchi State Commissioner of Finance, Yakubu Adamu, in court on December 30, 2025, for arraignment over alleged N4.6 billion money laundering. The presiding judge, Justice Emeka Nwite, gave the order after EFCC’s lawyer, Samuel Chime, failed to produce Adamu in court to...
Osun 2026: Davido joins Accord Party
Afrobeats superstar David Adeleke, fondly called Davido, has announced his decision to formally join the Accord Party ahead of the 2026 governorship election in Osun State. Davido announced this via a post on his X account on Tuesday, December 23, 2025. The singer’s uncle and Osun State Governor, Ademola Adeleke, is seeking a second term in office under the platform of...
Electricity supply will be restored within 48hrs — Minister
The Minister of Power, Chief Adebayo Adelabu, has assured Nigerians that electricity supply will be restored within the next 24 to 48 hours following a temporary drop in power generation. The disruption was caused by an explosion on the Escravos–Lagos Gas Pipeline (ELP) and acts of vandalism on key gas infrastructure, which affected gas supply to several thermal power plants...
Tragedy at NOUN centre as student slumps during examination
A student of the National Open University of Nigeria (NOUN), Michael Coker, has died after collapsing during an examination at the university’s Victoria Island study centre in Lagos. The incident occurred last Tuesday when Coker suddenly fell ill just as he was about to begin his test. Eyewitnesses revealed that Coker lay on the exam hall floor gasping for air for...
‘You’re crippling communities’: Atiku accuses Tinubu of defying S’Court verdict on LG autonomy
Former Vice President Atiku Abubakar has accused President Bola Tinubu of deliberately refusing to implement a Supreme Court judgement mandating direct allocation of funds to local governments, describing the alleged inaction as a breach of the Constitution. Atiku said this in a statement issued on Wednesday, December 24, 2025. The former said the Tinubu administration ignored the apex court’s directive on...
US denies visas to EU ex-commissioner, 4 others over tech rules
The United States Government has denied visas to a former European Union (EU) commissioner and four others, accusing them of seeking to "coerce" American social media platforms into censoring viewpoints they oppose. The U.S. State Department disclosed this via a statement on Tuesday, December 23, 2025. "These radical activists and weaponized NGOs have advanced censorship crackdowns by foreign states - in...
EFCC traces varsity, hotels, factories, properties worth N212bn to Malami
The Economic and Financial Crimes Commission (EFCC) has traced 41 properties valued at over N212 billion to Abubakar Malami, the former Attorney-General of the Federation and Minister of Justice. The assets, which include hotels, residential buildings, lands, schools, and a printing press, are spread across Kebbi, Kano, and the Federal Capital Territory (FCT). Properties in Kebbi alone are valued at N162.2...
Gold tops $4,500 as silver, platinum hit record highs
Gold rose above $4,500-an-ounce for the first time on Wednesday, December 24, 2025, while silver and platinum also hit record highs. Spot gold was steady at $4,481.90 per ounce by 0803 GMT, after touching a record high of $4,525.19 earlier in the session, while U.S. gold futures for February delivery rose 0.1% to $4,509.20 an ounce. Silver gained 0.7% to $71.95...
