Nigeria’s crude oil production declined by 5.9 percent year-on-year to 1.599 million barrels per day (bpd), including condensate, in November 2025, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The figure represents a drop from the 1.698 million bpd recorded in November 2024, as contained in the commission’s December 2025 Crude Oil and Condensate Production Report.
The report also showed a month-on-month decline, with output falling from 1.698 million bpd in October 2025 to 1.599 million bpd in November.
NUPRC noted that combined crude oil and condensate production in November ranged between a low of 1.54 million barrels of oil per day (bopd) and a peak of 1.79 million bopd.
It added that Nigeria’s average crude oil production for the month stood at 96 percent of its Organization of Petroleum Exporting Countries (OPEC) quota of 1.5 million bpd.
According to the report, daily average production in November was 1,599,054 bpd, made up of 1,436,005 bopd of crude oil and 163,049 bopd of condensate.
At least three people have been killed after suspected gunmen attacked a traditional marriage ceremony in Lafia, the Nasarawa State capital, DAILY POST reports.
Eyewitnesses said the attackers arrived at the venue during the celebration and opened fire, causing panic among guests. The sudden attack led to the death of three individuals, while several others reportedly sustained injuries as people scrambled for safety.
Security operatives were later deployed to the area to restore calm, while the injured were taken to nearby hospitals for treatment.
Authorities are yet to issue an official statement on the incident, but investigations have reportedly commenced to identify and apprehend those responsible. Residents have been urged to remain calm and cooperate with security agencies as efforts continue to ensure the safety of lives and property.
A suspected Boko Haram suicide bomber, Ibrahim Mohammed has revealed how he was paid to bomb worshippers in Maiduguri Mosque.
DAILY POST recalls that the Gamboru Market Mosque, Maiduguri was bombed on December 24, killing some worshipers, while other sustained injuries.
According to a security expert, Zagazola Makama, the operation was planned and executed under the directive of Boko Haram commanders operating between Adamawa State and the Mandara Mountains.
Days after the deadly attack, troops of Operation HADIM KAI in collaboration with hunters in Yobe state arrested Ibrahim.
During an interrogation as captured in a viral video, the suspect admitted that he received up to N100,000 for the suicide bombing missions.
The suspect disclosed that suicide bombing had become a paid assignment within the terror network. “I was paid money ranging from N70,000 to N100,000 per mission,” he said.
According to the suspect, they “came to Maiduguri to plant bombs in Izala Mosque.
“We were sent by our leaders, Adamu and Abubakar, who gave us two IEDs to plant in the mosque”.
Arsenal tightened their grip on the Premier League title race on Tuesday night, moving five points clear at the top with an emphatic 4-1 victory over Aston Villa.
Mikel Arteta’s side were keen to respond after suffering a 2-1 defeat to Unai Emery’s men in the reverse fixture three weeks ago, but a lack of cutting edge saw the first half end goalless.
The Gunners returned with renewed intensity after the break and quickly took control of the contest. Gabriel Magalhaes opened the scoring before Martin Zubimendi, Leandro Trossard, and Gabriel Jesus added further goals to put the result beyond doubt.
Villa managed a late consolation through Ollie Watkins, but it was not enough to prevent their impressive 11-game winning streak from coming to an end.
The win lifts Arsenal to 45 points from 19 matches, extending their lead at the summit, while Aston Villa stays third on 39 points.
Good morning! Here are six top headlines from Nigerian Newspapers today;
1. President Bola Ahmed Tinubu has insisted that the implementation of the new tax laws will commence on January 1 as scheduled. The tax reform laws have attracted widespread opposition, with many Nigerians, including opposition figures, calling on the President to suspend the January implementation date.
2. A Federal High Court in Abuja has refused the bail applications by former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), and two others accused of money laundering. Justice Emeka Nwite rejected the application on Tuesday to enable the prosecution reply formally.
3. The Super Eagles cruised to a comfortable 3–1 victory over Uganda Cranes in their final Group C match at the ongoing Africa Cup of Nations (AFCON) 2025 in Morocco on Tuesday. Nigeria showcased their squad depth as Paul Onuachu scored the first-half opener, while Raphael Onyedika struck twice in the second half to sink the Cranes.
4. Following the implementation of the Tax Act, banks will start charging senders a N50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026. The stamp duty or electronic money transfer levy is a single, one-off charge of N50 on electronic receipt or transfer of money deposited in any commercial money bank or financial institution on any type of account on sums of N10,000 and above.
5. Two people reportedly died, and several others were injured following a fireworks explosion during a Christmas carnival in Umuchu, Aguata Local Government Area of Anambra State at the weekend. The explosion was said to have occurred near the main stage of the event during the celebration, forcing the guests to scamper for safety.
6. Fresh concerns over worsening insecurity around the Federal Capital Territory, have been raised following an attack by suspected bandits on two Catholic priests at St. Rita’s Catholic Church, Unity Estate, Mararaba, Nasarawa State. The attack occurred in the early hours of the day when armed assailants invaded the parish house at about 2:30 a.m. and assaulted the priests, while the Parish Priest reportedly escaped unhurt.
Nigerian banks will begin deducting a N50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026, in line with provisions of the Tax Act.
The charge, formally known as the Electronic Money Transfer Levy (EMTL), is a flat N50 fee imposed on electronic receipts or transfers into accounts held with commercial banks and other financial institutions once the transaction value meets or exceeds N10,000.
United Bank for Africa (UBA) confirmed the development in a notice to customers on Tuesday, stating that the EMTL will now be uniformly described as “stamp duty” across the banking industry.
According to the bank, the levy applies to all eligible transactions conducted in naira or their foreign currency equivalents. However, exemptions remain in place for certain transfers, including salary payments and self-transfers within the same bank.
UBA also highlighted a key adjustment in the application of the charge, noting that the N50 stamp duty will now be paid by the sender of funds, rather than the recipient, as was previously the case.
The bank assured customers of its commitment to transparency and said it would continue to provide updates on regulatory changes that affect banking transactions.
The development follows earlier disclosures by Nigerian financial technology firms, which announced on September 7, 2024, that they would also begin applying the N50 stamp duty on electronic transfers of N10,000 and above. The fintech companies said the charge is in line with directives from the Federal Inland Revenue Service (FIRS) and applies to transfers into both personal and business accounts.
Members of the Rivers State House of Assembly have returned a N100,000 cash gift sent to them by the state governor, Sir Siminalayi Fubara.
The lawmakers said the funds were paid into their personal bank accounts on the governor’s instructions without prior approval.
This was disclosed in a statement signed by Hon. Enemi Alabo George, Chairman of the House Committee on Information, Petitions and Complaints.
According to the statement, lawmakers of the 10th Rivers State House of Assembly received bank credit alerts of ₦100,000 each on Monday, December 30, 2025. The House described the transfers as “unsolicited and unapproved.”
“Upon discovery of these unsolicited and unapproved transfers, honourable members of the House took immediate steps to formally return the said funds to the account of the Rivers State Government,” the statement said.
The Assembly stressed that, as an institution established by law, all public expenditures must follow due process, including legislative approval, in line with the Constitution of the Federal Republic of Nigeria.
The statement further accused the governor of repeatedly drawing from the state’s consolidated revenue fund without legislative approval since assuming office in 2025, despite warnings from the House, a Supreme Court judgment, and constitutional provisions on separation of powers.
The development comes amid renewed political tensions between Governor Fubara and the Minister of the Federal Capital Territory, Nyesom Wike.
Nigeria became the first team to record three straight victories in the group stage of the 2025 Africa Cup of Nations after defeating Uganda 3–1 in their final group match.
The Super Eagles sealed qualification for the Round of 16 with the convincing win, maintaining a perfect record in the group.
Paul Onuachu and Raphael Onyedika were on target as Nigeria dominated the encounter to secure all three points against Uganda.
Eric Chelle’s side had earlier beaten Tanzania and Tunisia in their previous matches, finishing the group stage with a maximum of nine points.
President Bola Tinubu has ignored public outrage and affirmed that Nigeria’s landmark tax reform laws will take effect as scheduled on January 1, 2026.
In a statement on Tuesday, the president described the changes as a once-in-a-generation opportunity to establish a fairer and more competitive fiscal system.
Tinubu said that the new tax laws, including those that took effect on June 26, 2025, and the remaining acts scheduled to commence on January 1, 2026, will continue as planned.
“These reforms are a once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation for our country.
“The tax laws are not designed to raise taxes but rather to support a structural reset, drive harmonization, and protect dignity while strengthening the social contract,” he said.
The president called on all stakeholders to support the implementation phase, which, according to him, is now firmly in the delivery stage.
He added that his administration is aware of the public discourse surrounding alleged changes to some provisions of the recently enacted tax laws.
The Nigerian leader further explained that no substantial issue has been established that warrants a disruption of the reform process, stressing that absolute trust is built over time through making the right decisions, not through premature, reactive measures.
“I emphasize our administration’s unwavering commitment to due process and the integrity of enacted laws. The Presidency pledges to work with the National Assembly to ensure the swift resolution of any issue identified.
“I assure all Nigerians that the Federal Government will continue to act in the overriding public interest to ensure a tax system that supports prosperity and shared responsibility,” he added.
Nigerian Newssphere reports that the Senate representing Borno South, Ali Ndume, members of House of Representatives have called for the suspension of the new tax laws implementation.
Good morning! Here are six top headlines from Nigerian Newspapers today;
1. Nigeria’s power grid has once again collapsed, plunging several cities into darkness. A check on the website of the Nigerian Independent System Operator, NISO showed hourly generation dropped sharply from 2660.77 megawatts around 2pm to 139.92MW by 3pm.
2. Nigerian-British boxer, Anthony Joshua, was involved in a road accident which claimed two lives along the Lagos-Ibadan expressway, on Monday. It was gathered vehicle carrying Joshua, a Lexus Jeep marked KRD 850 HN, reportedly collided with a stationary truck along the highway.
3. Barring any last-minute change, Kano State Governor Abba Kabir Yusuf is set to dump the New Nigeria People’s Party, NNPP for the ruling All Progressives Congress, APC. Multiple sources said on Monday that the governor is likely to defect with or without the blessing of his political mentor, Senator Rabiu Musa Kwankwaso.
4. Minister of the Federal Capital Territory, FCT, Mr. Nyesom Wike, has attacked Governor Seyi Makinde of Oyo State for saying that he, Wike promised to “hold” the Peoples Democratic Party, PDP, for President Bola Tinubu. Wike, who denied the allegation, also took on his successor, Governor Siminalayi Fubara of Rivers State, noting that his defection from the PDP to the All Progressives Congress came late without any established political structure to support his new party.
5. The 2023 Presidential candidate of the Labour Party, LP, Mr Peter Obi, has described himself as better prepared to tackle Nigeria’s economic and security challenges if given the chance. He said none of those currently seeking to contest 2027 presidential election can boast of starting, managing a small business and growing it into a big corporation as he did.
6. No fewer than three persons lost their lives following a clash between security operatives and suspected drug peddlers at Koraman Nayalle, Sabuwar Unguwa Quarters, in Katsina metropolis. The incident began when security operatives attempted to arrest a suspected drug peddler identified as Uzairu, popularly known as Kuda, during which his mobile phone and suspected illicit drugs were confiscated.
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