General News
Buhari Hunts for Stolen Billions @ NNPC after Futile Attempt as Military Ruler

As oil minister during military rule in the 1970s, Muhammadu Buhari oversaw the birth of the Nigerian National Petroleum Corporation (NNPC).
Bloomberg reported that, now, as democratically elected president, he intends to break up the opaque bureaucracy, which manages the oil assets of Africa’s biggest crude producer, to ensure taxpayers get their fair share. History isn’t on his side.
“No Nigerian leader, including Buhari himself from the 1980s, has managed to sanitize the oil sector,” said Philippe de Pontet, head of the Africa practice at the Eurasia Group in New York.
“Buhari’s challenge is not only to depoliticize NNPC but to disentangle its vested interests and its rogue commercial operations, which won’t be easy.”
According to Bloomberg, Buhari made cleaning up the 24,000-employee colossus — the largest government-owned company — a key plank in the election campaign that toppled President Goodluck Jonathan in March.
He plans to split the NNPC in two, creating a regulator and a vehicle for investments, according to Femi Adesina, a presidential spokesman.
So far the president has fired the board and management of the company and replaced its Jonathan-appointed chief with Emmanuel Ibe Kachikwu, who was executive vice-chariman of Exxon Mobil Africa.
He has also ordered a review of oil-swap contracts and barred 113 vessels from loading oil and gas — about 250,000 barrels of Nigerian crude, about 10 percent of the country’s daily output, are stolen daily, Buhari has said.
‘Mind-Boggling’
“A lot of damage has been done to the integrity of Nigeria with individuals and institutions already compromised,” Buhari told an audience in Washington last month. “The amount involved is mind-boggling.”
Nigeria’s transparency watchdog says the NNPC has diverted more than $30 billion in oil revenue from the state since 2009. That exceeds the annual economic output of more than half the nations in Africa and roughly equals the federal budget.
The situation is increasingly desperate because, with a halving in Brent crude prices in the past year, government coffers are “virually empty,” Buhari said after less than a month in office; about two-thirds of the country’s almost 180 million people live on less than a dollar a day.
Set up to defend Nigeria’s interests with foreign majors, the company controls an aggregate 55 percent share in joint ventures with the likes of Royal Dutch Shell Plc, Exxon Mobil Corp. and Chevron Corp. Crude exports account for about two-thirds of government revenue.
Four Towers
Bloomberg said that NNPC’s four-tower headquarters building in the capital dominates Abuja’s skyline. It’s the landlord to the petroleum ministry, whose minister chairs the organization. Group managing director Kachikwu is its sixth head in five years.
For all its importance to Nigeria, the NNPC is largely inscrutable. It had the worst disclosure record of 44 energy companies analyzed in a 2011 report by anti-corruption nonprofit organizations Transparency International and the Revenue Watch Institute.
Ohi Alegbe, a spokesman for the NNPC, declined to comment, citing the pending reorganization, when contacted by phone Thursday. The NNPC consistently denies any wrongdoing.
Allegations of missing funds go back as far as when Buhari was oil minister. The Lagos-based Punch newspaper reported in 1978, a year after the NNPC took its current name, that the company failed to remit the equivalent of about $3.5 billion it owed the Treasury.
Military Investigations
In the 1990s, a military-sanctioned investigation found $12 billion in oil revenue was unaccounted for under the government of army ruler Ibrahim Babangida.
After the return to democratic rule in 1999, Nigeria signed up in 2005 to the Extractive Industries Transparency Initiative, a global effort in which governments committed to disclosing all extractive industry payments. Since then, the Nigeria Extractive Industries Transparency Initiative, or NEITI, has said at least $23.2 billion due wasn’t deposited into the national accounts from 2009 to 2011.
More recently, then-central bank Governor Lamido Sanusi alleged in a memo to Jonathan that the corporation retained as much as $50 billion in oil revenue that was due the government.
Sanusi’s claims led Jonathan to commission a PricewaterhouseCooper LLP audit for the period from January 2012 to July 2013. PwC found the NNPC had a “blank check” to spend without control and had accounting and monitoring systems filled with “significant” discrepancies.
The NNPC should refund as much as $4.29 billion to the government, the report said. Then-Petroleum Minister Diezani Alison-Madueke said on April 22 that the company had started to refund the minimum $1.48 billion the audit recommended.
Opaque Debts
Then, there’s the money it owes commercial partners.
The NNPC’s debts to its eight joint ventures have “ballooned over the years,” according to a ruling All Progressives Congress policy report submitted to Buhari after the election and obtained by Bloomberg.
In 2012, the state company paid $6.9 billion of the $10.4 billion it owed. The difference was covered by loans from international oil companies including Shell, Exxon Mobil and Total. The companies declined to comment.
Critics say any shakeup would have to resolve NNPC’s dual role as regulator and oil company.
Corruption would vanish if Buhari refocused the NNPC as just a regulator “so people like us can get on with the job,” said Kola Karim, head of a Nigerian oil explorer.
Producing about 60,000 barrels a day, Karim’s Shoreline Group, founded in 1997, could be pumping more than double that amount if the NNPC wasn’t a partner in his business and with civil servants slowing investment decisions, he said.
Senior officials in Buhari’s party are calling for even more drastic measures.
“We should replace the NNPC,” Nasir el-Rufai, the governor of northern Kaduna state, said in Abuja this month. Nigeria needs to “tackle the monster that the NNPC has become.”
General News
FG Deploys Technology, Approves $54m Drugs to Tackle Tuberculosis

Federal government said that it is adopting technology and innovation to speed up eradication of tuberculosis and other infectious diseases.

It also said $54 million had been approved for the procurement of drugs, especially for treatment of tuberculosis and HIV, to prevent stock-outs of life-saving medicines.
Speaking at the 2026 Pre-World Tuberculosis Day briefing in Abuja, organised by Stop TB Partnership Nigeria, Dr. Charles Nzelu, director, Public Health at the Federal Ministry of Health and Social Welfare, said the present government was making giant strides in addressing challenges in the health sector.
Nzelu said the ministry, under the leadership of Professor Muhammad Pate, had prioritised TB as a major pillar of the health agenda.
As part of the implementation of National Strategic Plan (2021-2026), Nzelu, said the ministry had adopted technology to help achieve the target of stopping tuberculosis from constituting a public health risk in the Nigeria.
He stated, “To bridge the gap, we are leading with innovation. Specifically, this year, the National Tuberculosis and Leprosy Control Programme (NTBLCP) is spearheading the national rollout of the Pluslife Mini Dock diagnostic platform.
“This near-point-of-care technology is a game-changer, allowing us to bring molecular-grade testing to the most remote communities, ensuring that no Nigerian is left behind due to geography.
“Nigeria is rolling out over a thousand of this diagnostic equipment. But technology is only as strong as the systems that support it.
“We are currently focused on strengthening our electronic reporting systems to ensure real-time data flow from the facility level to the national dashboard.”
Nzelu said transparency allowed the ministry to manage the supply chain effectively and prevent stock-outs of life-saving medicines.
In her remarks, Dr. Queen Ogbuji-Ladipo, board chair, Stop TB Partnership Nigeria, said the country had witnessed remarkable milestones in the fight against tuberculosis.
They included the mobilisation and engagement of high-level TB champions at the national, state, and local levels; strengthened collaboration with government and private-sector actors; increased advocacy for domestic financing; and expanded public awareness of TB prevention and care, Ogbuji-Ladipo said.
She, however, said there were challenges in funding to be addressed with the changing global health financing landscape and dwindling donor support.
According to her, “This reality makes domestic resource mobilization for TB more important than ever before. Sustainable financing from government budgets, private sector contributions, and innovative financing mechanisms will be critical to sustaining TB programs.”
In its presentation, Dr. Temitope Adetiba, TB Programme Lead – Institute of Human Virology (IHVN and Global Fund Project, said under the Global Fund Grant Cycle 7 for TB and HIV response, Nigeria had recorded over 300,000 TB case detection across the country.
In addition, IHVN said more than 3,000 drug-resistant TB cases were identified and linked to care, while over 2.3 million pregnant women were screened for TB and HIV across 2024 and 2025.
It also said Nigeria was increasingly taking TB and HIV services to the people within communities, households, and the private sector.
Dr. Mayowa Joel, executive secretary of Stop TB Partnership Nigeria, said the theme, “Yes We Can End TB”, was action oriented.
Joel said the theme challenged all stakeholders to move beyond discussions and commitments toward practical action.
He said, “This means ensuring that TB diagnostic services, treatment, and care reach everyone who needs them, especially through Primary Health Care, where most people first access health services.”
Dr. Mya Ngom, representative of Country Director of World Health Organisation (WHO), said Nigeria had made tremendous progress in responding to the epidemic.
According to Ngom, “In 2024, Nigeria reported 405,324 TB cases having increased from 106,533 cases in 2018, while 335,003 TB cases were reported in the three quarters of 2025.”
He said, “Expectantly, eighty percent (80 percent) of the estimated 510,000 incident TB cases will be detected and notified when the entire 2025 TB notification report is received. While this progress is encouraging, the fight against TB is far from over.
“The number of undetected TB cases averaging 175,000 cases constitutes a pool of reservoir that fuels on-going transmission of TB in the community as one undetected infectious TB case can infest between 12-15 persons per year.
“The emergence of Multi-Drug-Resistant TB (MDR-TB) and the high number of HIV further complicates the burden of TB in the country.”
General News
Luno Launches First Crypto Prediction Market in Nigeria

Luno, an Africa-founded global exchange, has launched a structured Crypto Prediction Market, ushering in a new chapter for Nigeria’s cryptocurrency market.

This platform enables users to forecast short-term price fluctuations of key cryptocurrencies, such as Bitcoin , Ethereum , Solana, Dogecoin, Ripple, and earn USDC payments when when their predictions are accurate.
Powered by Limitless, the platform rewards right forecasts with USDC, a fully supported stablecoin.
This launch reflects shifting investment trends in Africa’s largest cryptocurrency market. Previously focused on long-term holding or spot trading, retail traders are now looking for tools that allow them to act on market information in a structured, short-term framework.
“We are seeing a clear shift in how Nigerians want to engage with crypto assets,” said Ayotunde Alabi, CEO of Luno Nigeria.
“Many already follow price movements closely and form strong market views; we want to lead with education as well as provide a safe and secure platform to help them apply that knowledge. This feature is designed to be a natural extension for those who enjoy forecasting.”
To mitigate risks, the platform integrates educational resources, dedicated prediction wallets, mandatory risk acknowledgements, and mechanisms preventing users from taking both sides of a market.
Unlike conventional derivatives or open-ended speculation, binary prediction markets are strictly outcome-based. Participants wager on whether an asset will close above or below a specific price target.
While this opens opportunities, it also carries high risk, as incorrect predictions result in total loss of the committed capital.
The launch could influence broader trends in African fintech. By introducing regulated, outcome-based products, exchanges can cater to a more informed investor base while promoting financial literacy.
For Nigeria, this could mark a turning point moving the market from passive participation to data-driven trading, providing a framework for responsible engagement in increasingly complex digital asset markets.
General News
LG Gives Muslim Faithfuls a Ramadan to Remember

LG Electronics (LG) has reaffirmed its commitment to community, compassion, and shared prosperity as it joins Muslim faithful across Nigeria in celebrating the holy month of Ramadan.

Through its annual “Share The Life’s Good” campaign, the brand continues to create meaningful impact by organizing Iftar outreaches in mosques and community centres across key cities. The initiative provides meals to fasting Muslims, fostering a spirit of togetherness and reinforcing the values of giving and unity that define the season.
Ramadan, a period of spiritual reflection, devotion, and generosity, offers an opportunity for individuals and communities to reconnect and support one another. LG’s intervention aligns with these values, ensuring families can experience comfort and nourishment during the fasting period.
Speaking on the initiative, Managing Director, LG Electronics, Mr. Hyoung Sub Ji, described Ramadan as a time that strengthens human connection and shared purpose.
“Ramadan is a sacred period marked by prayer, fasting, and reflection. It brings people closer and reinforces the importance of kindness and community. Through our Share The Life’s Good initiative, we are proud to support families and deepen our connection with consumers during this special time,” he said.
Furthermore, Public Relations & CSR Manager, LG Electronics, Moses Osime added that LG’s presence spans beyond community outreach to in-store engagements and curated experiences, including special Iftar gatherings for customers and partners, all designed to celebrate the essence of the season.
As part of its Ramadan activities, LG also rewarded customers through its ongoing double-digit campaign, offering washing machines, shopping vouchers, and gift items to consumers who purchased LG products during the period. This initiative not only incentivizes patronage but also extends the spirit of giving to customers.
According to Osime, the company leveraged multiple platforms throughout Ramadan to engage Muslim faithful, providing support that ranges from practical solutions for meal preparation to inspirational content that resonates with the season.
With long fasting hours requiring proper nourishment, LG highlighted the role of its home appliances in making meal preparation easier and more efficient.
The brand also collaborated with influencers and culinary experts to develop nutritious recipes, showcasing how LG microwave ovens and kitchen solutions can help families prepare balanced Sahur and Iftar meals with ease.
“Ramadan gives us the privilege to celebrate community, and LG is proud to be part of that story,” he added.
Through these initiatives, LG continues to strengthen its relationship with Nigerian consumers, delivering not just innovative products but also meaningful experiences that enrich lives and uphold the true spirit of Ramadan.
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