Nation
FG, States, LGs Share N473.8bn For Oct
Nigeria’s earnings from oil exports dropped further in October, with a loss of about $1.3 million (about N256.1 million), as the slide in global crude oil prices continued to negatively impact the country’s economy.
The loss was a result of drop in average crude oil price from $47.315 a barrel in August to $46.96 in September, said the minister of finance, Kemi Adeosun.
However, compared to September, the revenue slide was relatively smaller.
Oil receipts which stood at about N213.128 billion in September, dropped by about N25.898 billion, to N187.23 billion in October, as the Federation Accounts Allocation Committee, FAAC, converged on Abuja on Friday to share the statutory allocation for the month.
At the close of trading on Friday, Brent crude oil price, which opened at $43.04 per barrel, dropped by 2.95 percent, to about $41.77, signalling no respite for Nigeria and other major oil producers struggling to keep their heads above the economic waters.
Members of the Organisation of Petroleum Exporting Countries, OPEC are already preparing for the 168th meeting of the group scheduled for Vienna, Austria next Friday to attempt to strike a compromise on how to stabilize the market and firm up commodity prices.
Members of the group are already jittery, amid fears that crude oil price may be heading towards the $20 per barrel mark, down from a peak of over $107 per barrel in June 2014, if steps were not taken to attempt to salvage the situation.
The N187.23 billion oil revenue in October would be the worst accrual from oil exports since the present administration took over power.
In May, FAAC reported a yield of about N225.2 billion, which increased to about N289.4 billion in June.
Although about N213.13 billion was realized as oil revenues in September, it was lower by about N2.85 billion than the N215.98 billion in August.
At the end of the FAAC meeting in October, the Accountant General of the Federation, Ahmed Idris, had explained that the drop in oil revenue was as a result of the negative impact of facility shutdowns for maintenance and production shut-ins at different periods and terminals during the month.
At the end of the FAAC meeting in Abuja on Friday, Minister of Finance, Kemi Adeosun, said gross revenue received in October stood at N400.310 billion, which is higher by N78.314 billion than the N321.996 billion for the previous month.
Mrs. Adeosun said intermittent shutdowns of operational facilities and production shut-ins for repairs and maintenance at different terminals continued to negatively impact on crude oil and gas revenue during the month.
Besides, the Minister said the country lost about $1.3 million (about N256.1 million) as a result of drop in average crude oil price from $47.315 in August to $46.96 in September.
To make up for the drop, Mrs. Adeosun said non-oil revenue recorded a significant improvement during the month, with about N104.212 billion collection above the figure in September.
In addition, about N6.33 billion was received from the Nigerian National petroleum Corporation, NNPC, as refund for the N450 billion unremitted revenue since 2012, while another N6.995 billion came into the government coffers as exchange gain for the month.
Apart from a total of N57.789 billion realised from value added tax, VAT, collection, the Minister said the balance in the excess crude oil revenue account remained ta $2.258 billion.
Details of the revenue allocations to the three tiers of government for the month showed that the Federal Government took N200.662 billion, or 52.68 per cent; states N126.277 billion, or 26.72 per cent; local governments N95.303 billion, while 13 per cent oil derivation to the nine oil producing states was N24.141 billion.
On stolen funds, which President Muhammadu Buhari said recently that some public officials have started returning to the Federal Government, the Minister said such monies were not part of the revenues shared during the FAAC meeting.
“Recovered loot is not shared in the FAAC meeting,” the minister said. “We have no records of recovered loots. But, I am sure the process is on-going. When the accounts of such returns become available, they would be returned to wherever they were stolen from.”
Nation
Accolades, Fanfare As Ogbakor Ikwerre President General Celebrates 80th Birthday

The President General of Ogbakor Ikwerre Cultural Organisation Worldwide and the Mgboh XIII of the Mgboh Royal Family of Emohua Kingdom in Emohua Local Government Area of Rivers State, Eze (Barrister) Godspower Onuekwa, penultimate Friday celebrated his 80th birthday with pomp, pageantry and fanfare.
The celebration, which commenced with a symposium organised in his honour at Rivers State University on Thursday, August 21,2025, got to a resounding climax on Friday at Suntai Event Centre in Port Harcourt, where people from all walks of life, including business associates, friends, well-wishers, relatives, community folks, traditional rulers, and admirers, gathered to pay glowing tributes to the celebrant.
Before then, a well attended thanksgiving service was held that same Friday at Emmanuel Anglican Church, Okoro-Nu-Odo, to honour him and return gratitude to God Almighty for the fruitful and eventful life and accomplishments of the Emohua leader and icon.
The service which was officiated by Rt Rev Wisdom Budu Ihunwo, Bishop of Niger Delta North had other renowned and respected clerics like Most Rev(Dr) Blessing Enyindah, Dean, Church of Nigeria (Anglican Communion); Rt Rev(Dr) Emmanuel Oko-Jaja, Bishop, Diocese of Niger Delta; Rt Rev Innocent Ordu, Bishop, Diocese of Evo; and Ven Solomon Eze Nelson, Archdeacon, Okoro-Nu-Odo; among others lined up as officiating ministers.
The service lived up to its billing, as it featured powerful and soul-lifting praise and worship; point-blank prayers; and beautiful renditions, which electrified the entire atmosphere, essentially packaged to thank God for the life of the celebrant.
However, the crowning moment actually came when the who is who, the crème de la crème of the society, thronged the terraces and fabulously decorated expansive hall of Suntai Event Centre, to celebrate Eze Onuekwa, amid accolades, aplomb and panache, wining and dining, and clinking of glasses with him and all.
The chairman of the colourful ceremony, Chief Evans Woherem, who was represented by Eze(Prof) Christian Akani of the prestigious Ignatius Ajuru University of Education, praised the celebrant for his youthfulness in spite of clocking 80 years, generosity, humility, humaneness and selfless services to the Ikwerre ethnic nationality, the Niger Delta and Nigeria, and called on all and sundry to emulate his good legacies and simple disposition towards life and existence.
Goodwill messages also poured in in torrents to underscore and salute the doggedness, resilience, astuteness and uniqueness of the endearing life of the celebrant, with Prof Emenike Wami, the Ochia Ohna Ikwerre(XIV), taking the lead.
Prof Priye Iyalla, the wife of late renowned writer, novelist and playwright, Dr Elechi Amadi, held the audience spellbound as she masterfully reeled out the profile of the celebrant, amid intermittent applause from the crowd.
The Tiv Community from Benue State, resident in Rivers State, were not left out, as they honoured and decorated Eze Onuekwa in their complete traditional regalia.
Cultural displays from Baptist Church, Rumuowhor; ADNA Wogbuji Dancing Group, Egbeda; Tiv Dancing Group; and Promoter Eze and Rumu-Mgboh Emohua Wrestling Group, equally added colour and grace to the occasion, with the celebrant and his wife, Dame Ann Onuekwa, joining them to wriggle their waists and bodies in ecstasy.
In his response, the highly elated celebrant, Eze Onuekwa thanked all those gathered to celebrate with him, saying, celebrations would never cease in their homes, and attributed everything he represents in life, including his modest accomplishments to God.
Eze Onuekwa, while addressing newsmen, harped on the need for hard work among the youths and members of Ogbakor Ikwerre Cultural Organisation Worldwide, as a way of sustaining and giving meaning to the motto of the organisation, which he noted is anchored on peace, unity and progress.
He specially thanked God for sustaining his life, and for making everything possible for him and his family, saying, he was joyous that he has today become an octogenarian and elder statesman in Rivers State.
His son and medical practitioner, Dr Samuel Chizia Onuekwa expressed delight that people from far and near had come together to celebrate the father, whom he described as a role model and great inspirator.
He said it was a good thing that the children were celebrating their father when he is alive, stressing that the last time Eze Onuekwa was celebrated in such magnitude was 20 years ago, during his 60th birthday celebration, and prayed God to grant him many more years in good health.
Among dignitaries who graced the event were Senator Andrew Uchendu; Chief Sampson Agbaru; Prof Emenike Wami; Dr Peter Didia; Eze(Prof) Samuel Ugo Onyeka; and a host of others. Justice Iche Ndu(rtd); and C O Kattey were among personalities that attended the thanksgiving service, while the Vice Chancellor of Rivers State University, Prof Isaac Zeb-Obipi led the academics who graced the symposium, alongside Eze G A O Omodu.
Nation
Ensure That Ogoni Is Heard In The Right Way, HYPREP Urges Creative Arts Trainees

As the 100 Ogoni youths trained by the Hydrocarbon Pollution Remediation Project (HYPREP) in Creative Arts close out their training on Tuesday at the Theatre Arts Department, University of Port Harcourt, the Project Coordinator of HYPREP, Prof Nenibarini Zabbey, has urged the beneficiaries to use the skills acquired to ensure that the Ogoni stories are told and heard in the right way.
The trainees, who had completed a four- month training in script writing, film production and make-up are beneficiaries of the HYPREP sustainable livelihood programme, aimed at providing high demand skills to Ogoni youths in the lucrative creative arts and entertainment industry.
Zabbey described the Creative Arts training as well as other programmes and interventions as HYPREP’s strategic sustained effort to create alternative sources of livelihood.
”Targeted capacity building for Ogoni youths and women remains a central strategy in HYPREP’s livelihood restoration and improvement efforts. Our goal is to reach every part of the Ogoni community and ensure that no group or talent pool is left behind. This training is a deliberate step to empower young people who aspire to make their mark in the creative and entertainment industry”, he said.
While commending the trainees for producing four short films within the training period, one of which was premiered at the ceremony-Dirty Festival, the Project Coordinator noted that the training would serve as a springboard into the industry, and enable them earn a living, become entrepreneurs, and open new doors of opportunities for themselves and their communities. The three other movies are Open Pain, Bomu and Green War.
He enjoined them to utilise their skills and platforms to promote civic responsibility, peace, and environmental sustainability, urging them to ensure that Ogoni is heard in the right way, speak for HYPREP and highlight the progress being made in implementing the recommendations of the UNEP Report.
Other speakers at the event, including the Director of Technical Services of HYPREP, Prof. Damian-Paul Aguiyi; Dr Ovunda Ihunwo, Head of the Theatre Arts Department of the University of Port Harcourt; Chief Douglas Experience, the Project Coordinator of Halibiz Consult Limited; and Mrs Josephine Nzidee, Head, Sustainable Livelihood of HYPREP, all applauded HYPREP for the training, and charged the trainees to maximise the opportunity.
The trainees were later presented certificates of participation.
Visibly elated Ms Lebee Tornwe, one of the beneficiaries, thanked HYPREP and the Project Coordinator for offering the trainees the rare opportunity to acquire skills in the creative arts and entertainment industry, and expressed delight that Dr Ihunwo and Halibiz Consult Limited gave their all in grooming them.
With the wrapping up of the Creative Arts training(100), HYPREP has trained 230 Ogoni youths in high demand skill sets ,viz; seafaring(100); and aviation (30). The Project will this year, commence training in other skill areas, including Mechatronic, Aviation, Full-Stack Development, Commercial Diving, Underwater Welding and Geographic Information Systems (GIS).
Still in the offing is the training for Ogoni Persons Living with Disabilities in five skill sets- fish farming; basic computer skills; photography; fashion and design; and shoemaking in line with their Needs Assessment and HYPREP’s policy of inclusivity.
Nation
NYCOP Urges Stakeholders To Develop, Empower Ogoni Youths

The National Youth Council of Ogoni People (NYCOP) had called on stakeholders to work collaboratively towards the development and empowerment of Ogoni youths.
NYCOP made the call in a communique issue over the weekend after an emergency Congress in Port Harcourt and signed by its President, Comrade Raymond Nwibani Marcus.
In the communique, NYCOP endorsed President Bola Tinubu’s appointments of the Governing Council and Board of Trustees (BOT) members of the Hydrocarbon Pollution Remediation Project (HYPREP), particularly Rt. Hon. Emmanuel Nwika Deeyah as Chairman of HYPREP’s BOT.
It respectfully appealed to the President to consider appointing a representative from the Movement for the Survival of the Ogoni People (MOSOP) under the leadership of Engr. Olu Andah Wai-Ogosu, being the pioneering social vehicle for Ogoni advocacy since the inception of the Ogoni struggle, adding that it would significantly contribute to the decision-making process.
The body commended the overall management of HYPREP and urges the President to continue funding the HYPREP project.
NYCOP furthermore recommended considering the conversion of HYPREP from a project to a full-fledged agency of the Federal Government of Nigeria.
The communique also stated that NYCOP thanked President Tinubu for establishing the Federal University of Environmental Technology, and for appointing key staff, forming a dialogue committee, and initiating infrastructural projects like the Eleme axis of the East-West Road and the Bonny-Bodo Road, significantly enhancing regional connectivity and economic prospects.
In solidarity with the Renewed Hope Agenda, the endorsed President Tinubu’s second-term bid, saying it believes his leadership embodies the aspirations of the Ogoni people and Nigerians at large.
“After thorough consideration of the Disciplinary Committee’s report, NYCOP resolves:
” To indefinitely suspend Comrade Nade Nade Burale from his position as Secretary General due to misconduct.
“To declare Comrade Saviour Imeabe persona non grata on Ogoni youth issues, given his actions’ potential to instigate crisis in Ogoni and beyond” the communique stated.
NYCOP in his resolution issued a 7-day ultimatum to former HYPREP BOT Chairman Mike Nwialeghi to explain the $100 million HYPREP fund investment, warning of potential litigation.
NYCOP reaffirmed its commitment to safeguarding Ogoni youth interests and preventing personal aggrandizement.
According to the communique the resolutions demonstrate NYCOP’s efforts to promote the collective welfare and advancement of Ogoni youth.
“We will no longer tolerate any individual or group using the name or issues of Ogoni youth for personal aggrandizement.
” Our mandate is clear: to promote the collective welfare and advancement of Ogoni youth” the communique said.
NYCOP passes a vote of confidence in Hon. Emmanuel Nwika Deeyah, acknowledging his impeccable credentials and credibility to lead the BOT of HYPREP effectively.
Kiadum Edookor
-
Sports3 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports3 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports3 days ago
NPFL club name Iorfa new GM
-
Sports3 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports3 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports3 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports3 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Sports3 days ago
RSG Pledges To Develop Baseball