Author: Naija Daily News

Dr. Victor Omololu Olunloyo, a former Governor of Oyo State, has passed away just days before his 90th birthday. The announcement was made in a family statement on Sunday, signed by Oladapo Ogunwusi on behalf of the Olunloyo family. Titled “Victor Olunloyo Goes Home,” the statement expressed gratitude to God for his life and service. “With heavy hearts but gratitude to the Almighty, we announce the passing of Dr. Victor Omololu Olunloyo—former governor of Oyo State, renowned mathematician, engineer, and technocrat,” the statement read. Dr. Olunloyo, who held traditional titles, including the Balogun of Oyo and Otun Bobasewa of Ife,…

Prince Nicholas Ukachukwu has emerged as the All Progressives Congress (APC) candidate for the upcoming Anambra State governorship election, following a resounding victory in the party’s primary. The primary, which began on Saturday and concluded in the early hours of Sunday, saw Ukachukwu dominate the field with 1,455 votes, with his closest challenger, Valentine Ozigbo, securing just 67 votes. Other aspirants, Johnbosco Onunkwo and Edozie Madu, polled 26 and eight, respectively, while 27 votes were declared invalid. Naija Daily News recalls that Ozigbo recently dumped Labour Party, LP, in his quest to defeat incumbent Governor Chukwuma Soludo. The result was…

The Central Bank of Nigeria (CBN) injected $197.71 million into the foreign exchange (FX) market on Friday, April 4, 2025, as part of its ongoing commitment to ensuring adequate liquidity and maintaining orderly market functioning. This is according to a statement on Saturday by Dr Omolara Omotunde Duke, Director of the Financial Markets Department, reiterating the Bank’s stance on maintaining market integrity and operational transparency. The statement read, “In line with its commitment to ensuring adequate liquidity and supporting orderly market functioning, the CBN facilitated market activity on Friday, April 4, 2025, with the provision of $197.71 million through sales…

By Deborah Nnamdi The Minister of Education, Olatunji Alausa, has proposed extending the mandatory National Youth Service Corps (NYSC) program from one year to two years. Alausa made this suggestion on Friday during a courtesy visit by the Director-General of NYSC, Brigadier General Olakunle Nafiu, to his office in Abuja. A statement shared on NYSC’s official Facebook page also revealed that the minister recommended expanding the content of the Skill Acquisition and Entrepreneurship Development (SAED) Training Programme for corps members. “The minister also advocated for the extension of national service from one to two years, with the expansion of NYSC…

unrelated photo of an accident scene By Deborah Nnamdi At least seven people have been confirmed dead and four others injured in a fatal road crash that occurred along the Lagos-Ibadan expressway on Saturday morning. The crash resulted in a major traffic gridlock, leaving numerous commuters stranded for hours as emergency responders raced to clear the scene and assist victims. The crash, which reportedly occurred at about 7 a.m. on Saturday, involved 15 passengers and three vehicles: a Mack truck with registration number SEY363YY, a tanker registered as T2900LA, and a yellow bus LSD180YA. Confirming the incident, the spokesperson of…

By Deborah Nnamdi Operatives of Operation Delta Sanity II of the Nigerian Navy said they recorded huge success against crude oil theft in March. Commodore A Adams-Aliu, Director of Information, in a statement posted on Nigeria Navy verified Facebook page on Saturday said an Illegal refinery site laden with about 5,500 liters of stolen crude oil, 2,000 liters of illegally refined Automotive Gas Oil (AGO), 1 oven, 9 dugout pits, 15 polythene sacks of illegally refined AGO, 13 sacks of stolen crude oil, and 1 pumping machine were discovered and deactivated around Oteghele community at Obodo Omadino in Warri, SouthWest…

By Deborah Nnamdi The Otu-Jeremi Police Division, Ughelli South Local Government Area of Delta State, has arrested a 48-year-old father living with HIV AIDS for defiling his 10-year-old daughter. A medical examination conducted by the Police indicated constant penetration of the minor by her father. It was gathered that the suspect had consistently slept with unsuspecting women in the community and had also allegedly infected his wife. Trouble started for the suspect after his wife noticed their daughter became sickly and emaciated. She reportedly took the young child for a medical examination, where her HIV status was confirmed. Following interrogation,…

Nigerian gospel artists Nathaniel Bassey and Mercy Chinwo have achieved significant global recognition, securing spots among the most-streamed Nigerian acts on YouTube Music for the first quarter of 2025. According to data from Debut Hub, Nathaniel Bassey garnered 52.8 million streams, with Mercy Chinwo trailing closely at 46.4 million. Both artists have continued to captivate audiences worldwide with their uplifting gospel music. Mercy Chinwo’s most popular track, “Excess Love,” has garnered a staggering 133 million plays, making it one of her standout songs. Nathaniel Bassey’s spiritually rich music also continues to resonate globally, with his best-performing songs like “Yahweh Sabaoth,”…

…Oil falls $12 below 2025 budget projection By Douglas Maha, Business Editor Global crude oil prices dropped sharply this week, with Brent crude falling to $65 per barrel, the lowest since August 2021, driven by U.S. import tariffs and an unexpected increase in output by the OPEC+ alliance, raising concerns for oil-dependent economies, particularly Nigeria. The initial optimism from last week, fueled by U.S. President Donald Trump’s tariffs on countries importing oil from Venezuela, quickly dissipated as geopolitical tensions and trade disputes escalated. According to Oilprice.com, the downturn was primarily due to three factors: U.S. tariffs, OPEC+’s accelerated production increases,…

– 48.6% increase raises concerns over fiscal sustainability ABUJA – Nigeria’s total public debt rose sharply to ₦144.67 trillion as of December 31, 2024, representing a 48.58% increase compared to ₦97.34 trillion recorded in the previous year, according to the latest figures released by the Debt Management Office (DMO). The debt burden—external and domestic obligations—highlights the Federal Government’s continued reliance on borrowing to plug budgetary shortfalls, fund infrastructure, and manage macroeconomic instability. A Breakdown of the Numbers Year-on-Year Comparison (₦ Trillions) CategoryDec 2023Dec 2024% ChangeTotal Public Debt₦97.34₦144.67+48.58%External Debt₦38.22₦70.29+83.89%Domestic Debt₦59.12₦74.38+25.77%- FG Domestic₦53.26₦70.41+32.19%- States & FCT₦5.86₦3.97-32.27% Debt Structure: Almost Evenly Split As…