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Newspaper Headlines: Nigeria’s crude oil revenue plunges by 43% despite higher output

Chukwuma Soludo’s triumph in the Anambra governorship election dominates the newspaper frontpages.

PUNCH reports that Nigeria’s gross profit from crude oil and gas sales plunged by N824.66 billion in 2024 despite a rebound in oil production, according to figures from the latest Budget Implementation Report. The paper reports that the Ondo state police command says its operatives have uncovered and dismantled a sex trafficking syndicate operating under the guise of job recruitment and social media content creation.
Vanguard newspaper reports that the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and other federal agencies say there is no verifiable evidence that local government allocations reach councils directly. The paper says the Nigerian Supreme Council for Islamic Affairs (NSCIA) has rejected the redesignation of Nigeria as a “country of particular concern” by US President Donald Trump.
The Guardian reports that the Socio-Economic Rights and Accountability Project (SERAP) has asked the Independent National Electoral Commission (INEC) to refer vote-buying allegations during the Anambra governorship election to anti-corruption agencies and the police. The paper reports that the African Democratic Congress (ADC) says the Anambra governorship election was “heavily monetised and stripped of democratic integrity”.
Daily Independent reports that Soludo, governor of Anambra, says the electorate spoke loudly during the gubernatorial election of November 8. The newspaper reports that the federal government has approved three policies aimed at transforming the civil service, enhancing productivity and improving service delivery to Nigerians.
New Telegraph reports that the BBC’s boss and its head of news quit on Sunday following criticism over alleged bias at the British broadcaster, including in the way it edited a speech by Trump. The newspaper reports that the Non-Academic Staff Union of Educational and Associated Institutions (NASU) has criticised the frequent threats by the federal government to enforce the ‘No Work, No Pay’ policy.
Daily Trust reports that the federal government has remained silent on a 2020 legal brief reportedly written by Joash Amupitan, INEC chairman, linking insurgency and herdsmen attacks to anti-Christian campaigns. The newspaper reports that residents of Isanlu community protested on Sunday after bandits killed Elizabeth Olorunshola, a popular elderly woman, at Ilafin-Isanlu in Yagba East LGA, Kogi.
Daily Sun reports that President Bola Tinubu has congratulated Soludo on his re-election as governor of Anambra state. The newspaper adds that the All Progressives Grand Alliance (APGA) says Soludo’s “landslide” triumph in the Anambra governorship election is a “reaffirmation of the party as the true political identity of Ndi Igbo and the custodian of Anambra’s development aspirations”.
The Nation reports that Dehinde Dipeolu, judge of the federal high court in Lagos, has frozen bank accounts, shares, and assets of Nestoil Limited over unverified claims exceeding $1.01 billion and N430 billion. The paper adds that Wole Oluyede, a medical expert, has become the governorship candidate of the Peoples Democratic Party (PDP) in Ekiti for the 2026 governorship election.

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