Politics

Nigerian Senate Rejects NNPCL’s ₦210T Defense, Demands Refund

Nigerian Senate: Demand Refund Of ₦210 Trillion From NNPCL

Nigerian Senate rejects NNPCL explanations over ₦210 trillion unaccounted funds, citing illegal subsidies and lack of transparency in operations.

Nigeria’s Senate has rejected explanations offered by the Nigerian National Petroleum Company Limited (NNPCL) regarding an unaccounted ₦210 trillion in its financial records, insisting the funds be refunded to the Federation Account. The decision comes after months of investigation by the Senate Committee on Public Accounts.

The committee’s scrutiny, covering NNPCL operations between 2017 and 2023, identified ₦103 trillion in accrued expenses and ₦107 trillion in receivables in the company’s audited financial statements. The figures prompted repeated queries from the panel, …

“Nigeria’s New Tax Administration Acts And Mandatory Tax ID”

“Nigeria’s New Tax Administration Acts And Mandatory Tax ID”

Nigeria’s new Tax Administration Act mandates Tax IDs for financial and business activities, aiming to simplify compliance and close revenue loopholes.

Nigeria’s new Tax Administration Act (NTAA) has introduced fresh attention to a long-standing requirement: the use of Tax Identification Numbers (Tax IDs) for financial and business transactions. The move, designed to strengthen compliance and transparency, has raised questions among individuals and businesses across the country.

Under the NTAA, all taxable persons—those earning income through trade, employment, or business—must register with the tax authorities and obtain a Tax ID. Banks and other financial institutions are required to request this number

US Launches ‘Southern Spear’ Mission In Latin America

US Launches ‘Southern Spear’ Mission In Latin America

The United States has formally launched a major military operation in Latin America, dubbed Operation Southern Spear, aimed at confronting so-called “narco-terrorists” amid a growing deployment of troops, warships, and fighter jets across the region. Defense Secretary Pete Hegseth announced the mission on Thursday, framing it as a measure to defend the homeland and disrupt drug trafficking in the Western Hemisphere.

“Today, I’m announcing Operation Southern Spear. This mission defends our homeland, removes narco-terrorists, and secures our nation from the drugs that are killing our people,” Hegseth wrote on social media. The operation is led by Joint Task Force Southern …

Kano: Fire Destroys 44 Shops At Singa Market In Early Morning

Kano: Fire Destroys 44 Shops At Singa Market In Early Morning

Kano State Fire Service battles an early-morning blaze that gutted 44 shops at Singa Market, blaming faulty electrical wiring for the destruction.

A devastating fire swept through the bustling Singa Market in Kano early morning of Monday November 10, 2025, destroying at least 44 shops and goods worth millions of naira before firefighters brought the blaze under control.

The incident occurred around 5:00 a.m., when the Kano State Fire Service received a distress call from a resident, Mubarak Muhammad, alerting authorities to flames spreading through a section of the market.

According to ACFO Saminu Yusif Abdullahi, the Fire Service’s Public …

NAFDAC: Bans Sachets, 200ml Bottles Effective January 1, 2026

NAFDAC Bans Sachets, 200ml Bottles Effective January 1, 2026

Nigerian Federal Government has formally prohibited the production, sale, and distribution of alcoholic beverages in sachets and small bottles of 200 milliliters and below, with enforcement set to begin on January 1, 2026.

The National Agency for Food and Drug Administration and Control (NAFDAC) announced the measure on Tuesday November 11, 2025, stating that the move aims to protect public health and curb alcohol abuse among vulnerable groups.

Addressing journalists in Abuja, NAFDAC Director-General, Prof. Mojisola Adeyeye, said the decision followed a resolution of the Nigerian Senate and a directive from the Federal Ministry of Health and Social Welfare. She …

China Restores U.S. Soybean Licenses And Lifts Log Import Ban

China Restores U.S. Soybean Licenses And Lifts Log Import Ban

Beijing reverses March trade restrictions, reopening markets for the United States logs and soybeans amid a thaw in bilateral trade tensions.

China announced on Friday November 7, 2025, that it will lift a ban on U.S. log imports and reinstate export licenses for three American soybean exporters, signaling a tentative easing of trade tensions between the world’s two largest economies.

The restrictions, imposed in March 2025, amid heightened U.S.-China trade friction, had suspended shipments of U.S. logs and blocked soybean licenses for Louis Dreyfus Company, CHS Inc., and EGT. At the time, Chinese authorities cited safety concerns, including potential …

Japan And US Partner To Mine Rare Earths Near Pacific Island

Japan And US Partner To Mine Rare Earths Near Pacific Island

Japan and the United States plan joint extraction of rare earth minerals near Minamitorishima to reduce both countries dependence on China.

Japan and the United States have announced a joint initiative to extract rare earth minerals from waters near the remote Pacific island of Minamitorishima, as both countries seek to reduce their reliance on China for these critical resources.

Prime Minister Sanae Takaichi said the project will begin with a demonstration test in January 2026, targeting mud deposits located approximately 6,000 meters below the ocean surface. Surveys conducted near the island, about 1,950 kilometers southeast of central Tokyo, indicate significant …

Biden Says Son ‘Should’ve Been President’ Amid Cancer Remarks

Joe Biden: Beau Should’ve Been President Amid Cancer Remark

Former US President Joe Biden honors late son Beau, criticizes Trump over health funding, appears with bandage on head at Nebraska event.

Former US President Joe Biden, appearing with a bandage on his head, delivered a heartfelt speech at the Nebraska Democratic Party’s Ben Nelson Gala on Friday November 7, 2025, saying his late son, Beau Biden, “should’ve been the President, not me.”

Speaking to party supporters, Biden connected his remarks about Beau, who died from brain cancer in 2015, to broader concerns about healthcare and government funding under the current administration. He sharply criticized President Donald Trump, accusing him …

United Kingdom Advises Against Travel To Six Nigerian States

United Kingdom Advises Against Travel To Six Nigerian States

British Foreign Office warns of rising terrorism, kidnappings, and violent crime across Nigerian states, urging extreme caution for travelers.

The United Kingdom’s Foreign, Commonwealth, and Development Office (FCDO) has issued a stark travel advisory for Nigeria, warning British nationals against visiting six northern states amid escalating insecurity.

In its latest guidance, FCDO cited a surge in violent crime, kidnappings, and terrorist activity across multiple regions. The advisory specifically urges against all travel to Borno, Yobe, Adamawa, Gombe, Katsina, and Zamfara states, highlighting threats from Boko Haram and Islamic State West Africa (ISWAP), particularly around transport hubs, religious sites, and large

Mali: Over 20 Soldiers Killed In JNIM Assault On Military Base

Mali: Over 20 Soldiers Killed In JNIM Assault On Military Base

Al-Qaeda-linked fighters overrun a military base in Tombouctou, killing at least 20 Malian troops, looting weapons, and deepening Mali’s security crisis.

At least 20 Malian soldiers, including a base commander, were killed on Friday November 7, 2025, when suspected members of Jama’at Nusrat al-Islam wal-Muslimin (JNIM) stormed a military base in Soumpi, Tombouctou region. Local sources described the assault as one of the deadliest in recent months against state forces in northern Mali.

Eyewitnesses said the attackers arrived on motorcycles and trucks, opening fire in a prolonged battle that left many soldiers injured or unaccounted for. The insurgents reportedly looted …

Nigeria, US, UK Launch Probe Into ₦338bn Cocaine Seizure

Nigeria, US, UK Launch Probe Into ₦338bn Cocaine Seizure

Nigeria’s elite anti-narcotics agency has launched a high-stakes international investigation after a massive haul of cocaine—1,000 kilograms worth over ₦338 billion—was seized last weekend at Lagos’s Tincan Island Port.

According to a statement from the National Drug Law Enforcement Agency (NDLEA), the shipment was discovered in an empty container at the PTML Terminal of the port. Port operators alerted Nigerian Customs and the NDLEA, which conducted field tests and formally assumed custody of the drug-laden consignment on Tuesday.

Because of the sheer scale of the seizure—one of the largest ever recorded in Nigeria—the NDLEA will now collaborate closely with its …

African Fintech Leaders Call For Unified Virtual Asset Rules

African Fintech Leaders Call For Unified Virtual Asset Rules

Industry experts urge harmonized regulations to boost Africa’s $65B virtual asset market, improving cross-border access and innovation.

Fintech leaders across Africa are advocating for harmonized regulations governing virtual assets to streamline operations and foster broader market access. The appeal emerged at the LeadIn Fintech Summit, a two-day event in Accra hosted by Precept and the Ghana Interbank Payment and Settlement Systems (GhIPSS).

The summit brought together entrepreneurs, regulators, investors, and technologists to explore pathways for developing Africa’s growing digital finance sector. Discussions focused on creating regulatory frameworks that balance innovation with consumer protection, while facilitating cross-border activity.

GhIPSS Chief Executive …