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Good morning! Nigerian Newspapers Headlines: FG eyes oil windfall to fund N9tn budget gap

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1. President Bola Ahmed Tinubu on Tuesday asked the National Assembly to approve a N9.09tn increase in the 2026 budget. The government plans to finance the budget increase through crude oil gains linked to the Unites States-Iran conflict and by securing new loans

The Tinubu’s request, which signals a significant adjustment to the fiscal framework for the coming year, was conveyed in a letter read on the Senate floor by the President of the Senate, Godswill Akpabio, during plenary on Tuesday.

2. The Lagos State Commissioner of Police, Fatai Tijani, has ordered the immediate withdrawal of the Lagos State Environmental Sanitation and Special Offences Unit (Taskforce) from traffic control and enforcement duties across the state. The state Police Public Relations Officer, Abimbola Adebisi, who disclosed this in a statement on Tuesday, stated that the directive was part of efforts to streamline traffic management operations and ensure professionalism and accountability.

3. The Federal High Court in Lagos has ordered the freezing of funds and assets valued at N448,263,172.41 in a debt recovery action filed by Keystone Bank Limited against five defendants.
The order, granted on March 26, 2026, followed an ex parte application filed and argued by Mofesomo Tayo-Oyetibo (SAN) against Relic Resources, Olufunmilayo Emmanuella Alabi, Uwadiale Donald Agenmonmen, The Magnificent Multi Services Limited, and Raedial Farms Limited.

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4. Nigeria’s total debt stock is set to rise to N155.1 trillion, following an additional $6 billion loan request by President Bola Tinubu, hurriedly approved by the Senate on Tuesday. The $6 billion loan at an exchange rate of N1,400 per dollar, adds N8.4 trillion to the country’s debt stock which stood at N146.69 trillion at the end of 2025, to N155.1 trillion.

5. Governor Bala Mohammed of Bauchi State has indicated plans to defect to the African Democratic Congress, ADC, saying the party has the potential to unseat the ruling All Progressive Congress, APC in 2027. The governor made this known shortly after a closed-door meeting with a delegation of the National Chairman of the ADC led by former Secretary to the Government of the Federation, Babachir David Lawal.

6. African Democratic Party, ADC, has accused the All Progressives Congress, APC, of putting pressure on the Independent National Electoral Commission, INEC, to interfere in its internal affairs, saying there was coordinated effort to destabilise the party following the defection of Rabiu Kwankwaso. The party warned that what was happening raised serious concerns about whether Nigeria’s electoral body could remain independent.

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7. Malam Nasir El-Rufai, former governor of Kaduna State, has been returned to the custody of the Independent Corrupt Practices and other related Commission, ICPC. The former governor, who left custody on March 27, 2026, following the death of his mother, was re-arraigned earlier on Tuesday.

8. President Bola Tinubu has told security agencies to be proactive in preventing attacks taking place in different parts of the country, especially in the north, condemning the attacks by gunmen in Angwan Rukuba district, Jos, Plateau State. He equally condemned the attacks in Kahir village in Kagarko Local Government Area of Kaduna State.

9. The Defence Headquarters has placed troops on nationwide alert ahead of the Easter celebrations, assuring Nigerians of tightened security. The DHQ also reaffirmed that ongoing support from the United States is strengthening counter-terrorism operations, with a visible impact expected in the coming weeks.

10. Brent crude jumped to $118.2 per barrel yesterday while WTI rose to $102.5, leaving an unusually wide gap between the two benchmarks as the market reacted to fresh rhetoric around the Strait of Hormuz and the growing risk to fuel flows outside the United States. The rise was triggered by a social media post from President Donald Trump urging countries struggling to secure jet fuel because of the Strait of Hormuz disruption to buy from the U.S. or go to the Strait and “take it” themselves.

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Good morning! Nigerian Newspapers Headlines: PCC inauguration: APC banks on Tinubu’s record for re-election

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1. The All Progressives Congress on Wednesday inaugurated its Presidential Campaign Council for the 2027 election, expressing confidence in President Bola Tinubu’s record and reforms while rallying party leaders and politicians from other political parties to secure his re-election.

The inauguration and federation general assembly, held at the State House Conference Centre, Abuja, drew opposition figures who pledged to back his re-election bid.

2. The re-election campaign will not stop governance because the economy needs all hands on the plough, the President declared yesterday. President Bola Ahmed Tinubu spoke at the Banquet Hall of the Presidential Villa, Abuja, during the inauguration of his Presidential Campaign Council (PCC) for the January 16, 2027 election, an event that turned into a political carnival.


3. The Federal Government has approved plans to build a new eastern-western electricity grid as part of efforts to address Nigeria’s recurring power grid collapses. The Minister of Power, Joseph Tegbe, disclosed this at the recent HBSAN energy conference in Lagos, where he outlined plans to address longstanding weaknesses in the country’s electricity transmission infrastructure.

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4. Popular gospel singer, Olayemi Bayonile Bolaji, popularly known as Toluwanisings, has passed away. His family confirmed the news in a public announcement shared on his verified Instagram page on Wednesday night.
According to the statement, the gospel minister passed away in the early hours of Wednesday, October 14, 2026



5. The Chairman of the Independent National Electoral Commission, INEC, Prof. Joash Amupitan, has said algorithms will not determine the outcome of the 2027 general elections, insisting that the decision on who governs Nigeria rests solely with voters. He warned that although artificial intelligence could influence electoral administration and the information available to voters, the technology must remain subordinate to human judgment and democratic institutions.

6. Inspector-General of Police (IGP)  Olatunji  Disu  has assured Nigerians that the police will demonstrate professionalism before, during and after the 2027 general election.
Disu said the police  reviewed their performances in recent elections and would  apply  the lessons learned in order to make Nigerians proud.



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7. The Federal Government has proposed a new examination timetable that will see candidates sitting the 2027 West African Examinations Council (WAEC), National Examinations Council (NECO) and other major external examinations receive their results by August, ahead of the September admission process into tertiary institutions.

8. The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has urged All Progressives Congress, APC, governors to work hard in their respective states to ensure President Bola Tinubu wins next year’s election. Speaking at the inauguration of the APC Presidential Campaign Council in Abuja on Wednesday, Wike said any governor who failed to deliver his state for the President should not join others in claiming victory if Tinubu is re-elected in 2027.

9. The Kwara State Police Command has arrested four men in connection with two separate incidents involving the alleged removal of human heads from exhumed graves and the possession of suspected human hands allegedly intended for money-making rituals. The Commissioner of Police, Ojo Adekimi, disclosed the arrests on Tuesday while briefing journalists at the command headquarters in Ilorin, where he provided details of the investigations into the two cases.

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10. The Police Special Fraud Unit in Lagos State has arraigned a banker and seven other defendants before the Federal High Court in Lagos over an alleged N710 million proof-of-funds fraud. The defendants — Elvis Osazee Eghile, Egharevba MaryJane Osarieyekemwen, Precious Omonigho Irbhogbe, Aghatise Kelvin Uhuenkpoewen, Nweke Nnamdi Emmanuel, Obinyan Esther, Egharevba Emmanuel Osagioduwa and Emmanuel Obinyan Osenonome — were arraigned on a 12-count charge.

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‘Delusion of grandeur’ — Shettima calls Peter Obi master of bogus statistics

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Vice President Kashim Shettima has knocked former Anambra State Governor, Peter Obi, describing him as “the master of bogus statistics and incoherent economic prescriptions”.

Shettima made the remark on Wednesday at the inauguration of the All Progressives Congress Presidential Campaign Council at the State House Banquet Hall, Presidential Villa, Abuja.

Calling Obi “my very good friend”, the Vice President mocked his habit of comparing Nigeria with other countries, especially Bangladesh.

Shettima stated. “He seems convinced that a size 36 shirt tailored for Bangladesh will somehow fit Nigeria’s size 52 frame.”

He said Obi’s “fascination with foreign comparisons overlooks the peculiarities that distinguish one nation from another”.

According to Shettima, “Governance is an art that demands mastery of context, whether social, economic, political or institutional.

“What succeeds in Bangladesh cannot simply be transplanted to Nigeria without accounting for the differences in our population, economic structures, institutions and national circumstances.

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“A country of over 250 million people cannot be governed through borrowed statistics and economic prescriptions detached from its peculiarities.”

The VP said he respected Obi but accused him of making a “bogus claim” about winning the 2023 presidential election without evidence to support the assertion.

“This is called delusion of grandeur.
Our contest is with the politics of yesterday dressed as tomorrow’s deliverance,” he said.

Obi has frequently cited Bangladesh in his criticism of the Tinubu administration’s economic management, including its borrowing.

In February, he said Nigeria’s challenge was fund mismanagement, not borrowing.

Obi ran as the Labour Party candidate in 2023 and finished third behind Tinubu and Atiku Abubakar.

He challenged Tinubu’s victory in court, and the Supreme Court dismissed his appeal and affirmed Tinubu’s election in October 2023.

Obi is seeking the presidency again in the election on January 16, 2027, on the platform of the Nigeria Democratic Congress.

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The APC will flag off its campaign in Kaduna on October 24.

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El-Rufai’s associates earmarked $600,000 to compromise EFCC probe, DSS witness tells court

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A forensic investigator with the Department of State Services (DSS), Segun Kayode, has told a Kaduna state high court, sitting in Kawoa, that Nasir el-Rufai, former Kaduna state governor, and some of his associates earmarked $600,000 to pay officials of the Economic and Financial Crimes Commission (EFCC) and intermediaries.

Kayode, who is the first prosecution witness in the ongoing trial, made the allegation on Tuesday while testifying before the court presided over by Justice Darius Khobo.

According to the witness, $500,000 and $100,000 were allegedly set aside for the payments, adding that forensic audio recordings captured conversations involving el-Rufai and some of his suspected associates.

According to Kayode, the recorded conversations centred on alleged efforts to frustrate an EFCC investigation into a company identified as Singularity.

He said a senior advocate of Nigeria (SAN), another individual and Bashir el-Rufai, were among those allegedly mentioned in the conversations.

Kayode told the court that the SAN and the other individual were allegedly directed to meet one Ahmadu Sule to obtain a template previously used to liquidate another company, with the intention of applying a similar process to Singularity.

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The investigator further alleged that the discussions included plans to liquidate the company in Nigeria and Mauritius, where it was reportedly under investigation by the Nigerian Financial Intelligence Unit.

He also alleged that the recordings contained discussions about preventing the EFCC from investigating a company he said was listed on the New York Stock Exchange.

The allegations formed part of the prosecution’s evidence against the former governor and have yet to be established by the court.

Proceedings lasted nearly eight hours, from 12:26pm to 8:18pm, with about two hours devoted to playing the recorded conversations.

After Kayode submitted a hard copy of his findings to the court clerk, the defence objected, saying the document should have been served earlier to allow the legal team to study its contents.

The judge ruled that the defence could obtain a certified true copy of the document admitted as Exhibit One for examination.

The court adjourned the case until November 30 and December 1, 2026, for the continuation of cross-examination, following agreement by the prosecution and defence.

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Recall that El-Rufai is facingtrial over alleged money laundering and conversion of public property.

The DSS is also prosecuting the former governor before the federal high court in Abuja over allegations of wiretapping.

He has been in the custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) since February 19, after being released by the EFCC.

On April 13, the ICPC arraignedthe former governor at the Kaduna high court on an amended nine-count charge bordering on alleged fraud and abuse of office.

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