Author: Naija Daily News

…Experts concerned by nation’s rising external debt By Douglas Maha, with agency reports Britain and Nigeria on Thursday announced a 746 million pound ($990 million) export finance agreement to support the redevelopment of two of Nigeria’s busiest commercial ports, in a move aimed at boosting trade capacity and deepening bilateral economic ties. The financing package, backed by UK Export Finance (UKEF), will fund the refurbishment and modernisation of the Lagos Port Complex and the Tin Can Island Port Complex, two critical gateways for Nigeria’s imports and exports. The loan facility will be arranged and coordinated by Citibank, according to officials…

Hard times could be in the offing for Nigeria’s legion of illegal immigrant in the United Kingdom following a new migration agreement with Britain to facilitate the return of failed asylum seekers, visa overstayers and convicted offenders. The move is seen by both governments as one that will strengthen border enforcement and bilateral cooperation. The accord was signed by Nigeria’s Interior Minister Olubunmi Tunji-Ojo and British Home Secretary Shabana Mahmood during President Bola Tinubu’s state visit to the United Kingdom, Britain’s Home Office said on Thursday. Under the arrangement, the UK will be able to deport individuals with no legal…

Nigeria and other governments battling terrorism such Boko Haram, ISWAP and other security threats across the Sahel region, is possibly been hampered by limited access to modern arms, ammunitions and technologies, a new global arms transfer data has shown. A report by Stockholm International Peace Research Institute, SIPR, highlighted the widening security gap facing Nigeria and other African countries, as the continent continues to account for only a marginal share of modern weapons imports despite mounting security threats. According to SIPRI Africa represented just about 4.5 per cent of worldwide imports of major weapons systems between 2024 and 2025. The…

At least three police officers have been shot dead by gunmen suspected to be bandits in Tordamisa community, Donga Local Government Area of Taraba State. A 60-year-old Chairman of the Vigilante Group in Tordamisa Village, identified as Nutsa Tyav, was also killed during the attack. The incident was confirmed in a statement issued by the Acting Police Public Relations Officer of the Taraba State Police Command, ASP Victor Mshelizah. According to the statement, the police received a distress call from a resident, Zaki Orbanga of Tordamisa in Akate Ward, reporting that armed men suspected to be bandits had attacked Tse…

Former Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), has declared that he has no regrets over his actions while in office, following his release from custody over alleged money laundering charges. Malami was recently remanded in prison custody after the Economic and Financial Crimes Commission filed charges against him, his wife, and son. He was released after spending time in the custody of the anti-graft agency, at Kuje Prison, and with the Department of State Services. Speaking in an interview after his release, the former minister described his ordeal as God’s will but maintained that…

Nigeria imported crude oil worth $3.74 billion in 2025 to supply the Dangote Petroleum Refinery, marking a significant shift in the country’s oil trade structure as domestic refining capacity continues to expand. This was disclosed in the 2025 Balance of Payments report released by the Central Bank of Nigeria, which noted that “crude oil imports of $3.74 billion by Dangote Refinery” influenced movements in the nation’s external position. The development underscores Nigeria’s transition towards local refining of petroleum products, even as the refinery increasingly sources crude from foreign suppliers to sustain operations. According to the report, Nigeria recorded a current…

Photo: Minister of Education, Dr Tunji Alausa The Federal Government has secured a partnership with Coventry University under a Transnational Education (TNE) arrangement to establish a campus in Alaro City, Lagos State, aimed at delivering affordable, globally recognised degrees to Nigerian students. The development was disclosed in a statement by the Federal Ministry of Education, following engagements during President Bola Tinubu’s official visit to the United Kingdom. The Minister of Education, Dr Tunji Alausa, said the initiative is designed to expand access to international-standard education, strengthen skills development and enhance graduate employability. According to the minister, the proposed campus will…

President Bola Tinubu on Wednesday reaffirmed Nigeria’s commitment to deepening security collaboration with the United Kingdom, saying the partnership remains crucial in addressing terrorism and safeguarding regional stability in West Africa. Tinubu disclosed that he would discuss Nigeria’s counter-terrorism initiatives and the broader security challenges confronting the region during his meeting with British Prime Minister Keir Starmer on Thursday. The President spoke at a state banquet hosted by King Charles III at Windsor Castle, marking the first time a Nigerian leader has addressed a gathering at the historic royal residence. The dinner formed part of the activities for Tinubu’s ongoing…

The Federal Government has unveiled plans to reposition Nigeria’s correctional system by transforming custodial centres into productive agribusiness hubs through strategic public-private partnerships, while intensifying rehabilitation and reintegration programmes for inmates. The initiative marks a shift from the traditional incarceration model to a reform-focused approach aligned with global best practices that emphasize skills acquisition, economic productivity, and reduced recidivism. Minister of Interior, Dr. Olubunmi Tunji-Ojo, disclosed this on Wednesday in Abuja at a stakeholders’ roundtable on Optimizing Correctional Farm Centres and Public-Private Partnership Pathways for Inmate Reformation. He was represented at the event by the ministry’s Permanent Secretary, Dr. Magdalene…

Operatives of the Nigeria Security and Civil Defence Corps have uncovered a warehouse allegedly used for storing stolen crude oil in Igwuruta, Ikwerre Local Government Area of Rivers State. The corps said the crude oil is suspected to have been siphoned from vandalised pipelines and stored in GP tanks at the isolated facility. The quantity of the product recovered has yet to be determined. Public Relations Officer of the NSCDC, Rivers State Command, Ihemnacho Umeado, disclosed the development in a statement issued on Wednesday, noting that the discovery followed several days of credible intelligence gathering. According to the statement, operatives…