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Newspaper Headlines: 13% derivation fund eases debt of oil-producing states by N611bn

Abdullah.Abdulsalam@thecable.ng'byAbdulsalam Abdullah
August 26, 2025 7:00 am

The outcome of the 102nd national executive committee (NEC) meeting of the Peoples Democratic Party (PDP) dominates the headlines. 

The PUNCH reports that oil-producing states have significantly reduced their domestic debt burden by about N610.84 billion between June 2023 and March 2025, buoyed by record inflows from the 13 percent derivation fund. The paper adds that military retirees have renewed their calls for upward review of salaries and pensions, warning that delays worsen frustration among serving and retired personnel nationwide.
The Nation reports that Lere Olayinka, senior special assistant on public communications to Nyesom Wike, minister of the federal capital territory (FCT), says his principal has been vindicated by the PDP’s decision to zone its 2027 presidential ticket to the south. The paper adds that the Independent National Electoral Commission (INEC) says more than 1.3 million Nigerians have completed their online voter pre-registration within just one week of opening the continuous voter registration (CVR) exercise.
New Telegraph reports that Bayo Ojulari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says international syndicates are involved in crude oil theft. The newspaper adds that Gbenga Olawepo-Hashim, former presidential candidate and chieftain of the PDP, has criticised the party’s decision to zone the 2027 presidential ticket to the south.
Blueprint newspaper reports that the All Progressives Congress (APC) has dismissed claims by governors elected on the platform of the PDP that the ruling party is heading for defeat in 2027. The paper adds that Israeli strikes on a hospital in southern Gaza have killed over a dozen people, including four journalists from multiple international outlets.
Daily Independent reports that Nigeria has signed a bilateral air service agreement (BASA) with Brazil to deepen economic, cultural, and diplomatic ties between the two countries. The newspaper also reports that the Senior Staff Association of Nigerian Universities (SSANU) has accused the federal government of applying “divide and rule” tactics among unions within the university system.
The Guardian newspaper reports that the National Drug Law Enforcement Agency (NDLEA) has arrested Mohammed Ali Abubakar, a 55-year-old alleged drug kingpin also known as Bello Karama, and five members of his “syndicate” operating from the Mallam Aminu Kano International Airport. The paper says the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has recovered over N1.1 billion from Abdullahi Ibrahim Rogo amid a N6.5 billion contract probe.
THISDAY reports that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s oil output rose by 0.89 percent to 1.71 million barrels of oil per day (bpd) in July. The paper adds that the PDP NEC has confirmed Umar Damagum as substantive national chairman of the party.
Nigerian Tribune reports that the Academic Staff Union of Universities (ASUU) has enjoined the public to prevail on the federal government to accede to all of its demands in order to avert a disruption to the academic calendar. The paper adds that the Manufacturers Association of Nigeria (MAN) has rejected the apparent reintroduction of the 4 percent Free-on-Board (FOB) charge on imports by the Nigeria Customs Service (NCS).

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