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Oil Producing States Waste N7.3Trillion in 14 Years-Senators

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Northern senators Accuse Oil Producing States of Wasting N7.3Trillion
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Northern senators have accused states benefiting from 13 per cent derivation fund for oil-producing states of squandering N7.3 trillion since 1999 when the fund was established.

The accusation was the highlight of the debates on the general principles of the sensitive Petroleum Industry Bill (PIB) which provides for the establishment of a Petroleum Host Communities Fund, an exploration agency to seek new oil finds, and the perceived unlimited powers of the petroleum minister topping deliberations.

Ahmed Lawan (Yobe, ANPP)  leading mainly senators of northern extraction faulted the PIB’s provision which earmarked 10 per cent of the net profits of oil companies for petroleum host communities.

Lawan said that the proposed Petroleum Host Communities Fund was out of place as the current 13 per cent derivation was supposed to be for the benefit of host communities but state governments have misappropriated the extra funds in the last 14 years.

Also, northern senators faulted the structure of the proposed National Oil Exploration Frontier – touted as a largely northern-driven bargain as part of ongoing ethnic/political positioning on the PIB.

At present, the exploration frontier will function as a department under the proposed Petroleum Technical Bureau, an arrangement northern senators faulted,  insisting that the oil exploration frontier must be established as a “stand-alone” agency to effectively pursue new oil finds reportedly in the north and other regions of the country.

Senators Ali Ndume (Borno,ANPP), Isa Galoudo (Kebbi, PDP) faulted the seeming enormous powers of the petroleum minister and the implication of the proposed Petroleum Host Communities Fund on the revenue accruing to the three tiers of government.

 Galoudo said the fund would unduly short-change beneficiaries of the country’s consolidated revenue account.

However, Senator BukolaSaraki (Kwara,PDP) cautioned lawmakers against dwelling on divisive and contentious areas of the PIB at the risk of losing billions of dollar investments which have been withheld by international oil companies (IOCs) seeking sure footing on the direction of the PIB.

Saraki suggested that deliberations be tailored to strengthen the PIB to block leakages in Nigeria’s crude oil outputs. He said a situation where IOCs determine and dictate Nigeria’s product figures must be corrected by the new PIB, if passed.

Senate leader Victor Ndoma-Egba, in lead debates, said the Seventh Senate chases history if it passes the PIB after past ill-fated attempts.

Ndoma-Egba however noted that the provision for the source of funding for the Petroleum Technology Development Fund (PTDF) was “inadvertently or deliberately” omitted in the current PIB.


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Nigeria Treats Religious Violence as Attack on State – NSA Ribadu

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National Security Adviser Nuhu Ribadu has said the federal government considers religious violence an attack on the Nigerian state, stressing that the protection of all citizens, regardless of faith, is non-negotiable.

Nigeria Treats Religious Violence as Attack on State – NSA Ribadu

According to presidential spokesperson Bayo Onanuga, Ribadu made the remarks in Abuja at the close of a US–Nigeria Joint Working Group session.

“Nigeria is a deeply plural society, and the protection of all citizens, Christians, Muslims, and those of other beliefs, is non-negotiable,” Ribadu said.
“Violence framed along religious lines is treated as an attack on the Nigerian state itself.”

In a follow-up post on X, Ribadu said the joint working group has recorded “tangible operational gains” in the fight against terrorism.

The working group was set up following Nigeria’s designation as a Country of Particular Concern (CPC) by US President Donald Trump, a label that often triggers policy actions aimed at ending severe violations of religious freedom.

At the meeting, Ribadu led Nigeria’s delegation, which included representatives from 10 ministries and agencies, while the US delegation, made up of eight federal agencies, was led by Allison Hooker, US under-secretary of state.

Ribadu said Nigeria-US security cooperation has moved from dialogue to action, resulting in the disruption of terrorist networks and transnational criminal groups. He also praised the US for supplying drones, helicopters, platforms, spare parts, and other support systems over the past five years.

Speaking at the session, Hooker said the US was committed to expanding its partnership with Nigeria, particularly on deterring violence against Christian communities.

“Today, we are here to discuss how we can work together to deter violence against Christian communities, prioritising counter-terrorism, insecurity, investigation of attacks, and holding perpetrators accountable,” she said.

She added that efforts would focus on reducing killings, forced displacement, and abductions of Christians, especially in Nigeria’s north-central states


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PalmPay User Shares Experience on Fintech Apps to Trust in Nigeria

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For many Nigerians, fintech apps are judged by one simple question: Can I trust the platform? For Happiness, a young Nigerian entrepreneur, the answer manifested in the most defining moments of her life.

Trust Built Through Everyday Use

In 2025, Happiness relied on PalmPay to run her business, from receiving customer payments, paying vendors, and managing daily transactions. During PalmPay’s Hustle Grant Campaign, she joined thousands of small business owners hoping to win the N500,000 funding.

While she didn’t make the shortlist, the campaign gave her business something just as valuable: visibility. New customers discovered her brand, enquiries increased, and sales followed.

PalmPay didn’t just host a campaign; it created an ecosystem where small businesses could be seen and supported.

Just days later, Happiness’ life changed. On August 30, 2025, she lost her father. With this loss came challenges, especially payments. They tried transferring money through regular banks but were met with declined transactions. Happiness suggested using her PalmPay account and it was successful.

In a moment defined by loss and urgency, PalmPay cut through the chaos, proving that reliability isn’t a feature, it’s a lifeline. Happiness’ relationship with PalmPay didn’t stop at transactions. Through other management tools on the app, she learned to build discipline around her finances.

More Than an App, a Financial Partner

Beyond transactions, PalmPay’s tools helped Happiness build better money habits and financial discipline. Today, the brand continues to reward reliability through initiatives like its ongoing Premier Cool campaign, reinforcing a simple message: consistency should come with value.

The idea is simple: Purchase a bar of soap and stand a chance to get ₦10,000cash and other cash benefits.

It’s PalmPay’s way of saying that smart money habits deserve real value in return.

Why PalmPay Earns Trust

Life doesn’t give warnings before it tests you. When it does, you need a platform that doesn’t just usually work but always works.

For many users, PalmPay proves to be more than a payment app. It is a trusted partner powering ambitions, supporting users through defining life moments, while helping them bank smartly.

When it mattered most, PalmPay worked. To watch the full testimonial visit: @palmpayapp_ng


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Nigerians Target Self-Improvement, Business Startups in 2026 Google Data

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Google Search data from the first two weeks of 2026 reveals Nigerians are prioritising ambition, self-growth, and entrepreneurial ventures as they embrace the new year with renewed drive for personal and professional excellence.

Nigerians Target Self-Improvement, Business Startups in 2026 Google Data

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The data shows a 40 per cent spike in searches related to self-improvement and “becoming better”, reflecting a nationwide shift from mere resolutions to actionable plans across boardrooms, classrooms, and homes. Entrepreneurship leads the charge, with “how to start a business” topping “how to start” queries after an 80 per cent surge, alongside rising interest in blogging, podcasting, and YouTube channels to foster economic opportunities.

Personal development dominates, as searches for “how to be a better person” rose 20 per cent, extending to relationships with queries on becoming better lovers, partners, husbands, wives, and listeners. Health resolutions gain traction, with 40 per cent increases in “how to eat healthy”, “healthy diet”, and “how to meditate” underscoring commitments to physical vitality and mental wellness.

Skill mastery captivates diverse audiences, from “how to improve English” and communication skills to enhancing memory, credit scores, and even handwriting, while leisure pursuits spike in “how to get better at” chess, singing, running, Fortnite, and soccer. Top searches include “how to improve communication skills”, “how to be a better listener”, and entrepreneurial starters like “how to start a podcast”, painting a portrait of a nation honing edges for success.

Taiwo Kola-Ogunlade, Communications and Public Affairs Manager for West Africa at Google, described the trends as a “powerful reflection of Nigeria’s collective ambition”, affirming the company’s dedication to tools like Search and Gemini for guiding Nigerians toward prosperity


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