NNPC Ltd Record ₦5.4 Trillion Profit After Tax for 2024

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a historic Profit After Tax (PAT) of ₦5.4 trillion for the fiscal year ending 2024, marking one of its strongest financial performances in recent memory. According to the company’s press release, the surge in profits comes amid robust revenue growth and a renewed strategic vision for the decade ahead.

For the same period, NNPC Ltd reported total revenue of ₦45.1 trillion, representing an 88% increase compared to the previous year.

The company also disclosed an earnings per share (EPS) of ₦27.07, signaling a 64% jump year-on-year.

Speaking on the results, Group Chief Executive Officer Bashir Bayo Ojulari said the numbers reflect “the positive momentum of our ongoing transformation and the unwavering commitment of our workforce.”

He added that these earnings provide a strong foundation for the company’s ambitious growth objectives under its new long-term strategy.

As part of its forward-looking plan, NNPC Ltd unveiled a roadmap to 2030 that involves mobilising US$60 billion in investments across the energy value chain.

The strategy includes aggressive production targets: crude oil output is to be ramped up to 2 million barrels per day by 2027 and 3 million bpd by 2030, while natural gas production is expected to grow to 10 billion cubic feet per day (bcf/d) by 2027 and 12 bcf/d by the end of the decade.

To support that gas growth, NNPC is prioritising key infrastructure projects such as the Ajaokuta–Kaduna–Kano (AKK) pipeline, the Escravos–Lagos Pipeline System (ELPS), and the Obiafu-Obrikom-Oben (OB3) pipeline.

Ojulari framed the transformation effort around the principles of transparency, innovation, and disciplined growth, saying the company is positioning itself to be “a globally competitive energy company capable of delivering sustainable returns while powering the future of Nigeria and Africa.”

Industry analysts have noted that foreign exchange gains contributed significantly to the profit jump, as the naira’s dynamics and other macroeconomic factors played a role in inflating earnings.

The announcement comes amid a broader period of reform for NNPC. Since its conversion under Nigeria’s Petroleum Industry Act (PIA) into a fully commercial entity, the oil firm has been under increasing pressure to deliver not only on financial performance but also on governance and transparency.

Bayern Munich Chief Denies Plans to Bring Back Alaba

David Alaba

Bayern Munich’s sporting director, Christoph Freund, has addressed growing speculation over a possible return of club legend David Alaba, acknowledging the Austrian’s importance to the club but insisting there are currently “no plans yet” for a comeback. Freund’s comments, made during a media briefing on 21 November 2025, appear to put the brakes on much of the recent transfer chatter.

Alaba, who left Bayern in 2021 after 13 trophy-laden years, has long remained in the affection of the club and its fans. Freund praised him not just as a former player, but as a “very good person” who continues to make a positive impact — especially in his role as a player-coach for the Austrian national team.

He went on to say that Alaba has served as an important “contact person” for both his country’s coaching staff and squad leadership, especially amid his ongoing recovery from injury.

Freund also acknowledged Alaba’s recent struggles with fitness. The veteran centre-back has suffered a series of injuries during his time at Real Madrid, including a ruptured ACL in December 2023, followed by problems with his calf and meniscus.

According to Freund, these setbacks have made Alaba’s playing future more tenuous — but they have not diminished his value off the pitch.

Despite lingering speculation, Bayern appear to be focusing their defensive strategy elsewhere. Freund made clear that while they deeply respect what Alaba has contributed to the club, bringing him back as a player is not a current priority. “There are no plans yet,” he reiterated, suggesting that any potential reunion remains hypothetical.

The timing of Freund’s remarks is notable. Alaba’s contract with Real Madrid is due to expire in 2026, which has fueled media conjecture that a return to Bayern — or a move elsewhere — could materialise.

Meanwhile, former Austria coach Ralf Rangnick previously claimed Bayern had actually considered re-signing Alaba before his ACL injury in 2023.

Arsenal Suffers Defensive Blow as Gabriel Ruled Out Ahead of Tottenham Clash

Gabriel

Arsenal have confirmed a significant setback ahead of their highly anticipated North London derby against Tottenham Hotspur: Gabriel Magalhães will be sidelined for “weeks” after picking up a thigh injury while on international duty with Brazil. Manager Mikel Arteta delivered the confirmation in a somber tone, calling the 27-year-old centre-back “the leader of our back line.”

The injury occurred during a Brazil friendly against Senegal at the Emirates Stadium, where Gabriel limped off midway through the match.

Subsequent scans have confirmed a muscle issue in his right thigh, prompting Arsenal to plan for further evaluations. Arteta said another scan is scheduled for next Wednesday, which should provide a more precise timetable for his return.

This absence comes at a precarious time for Arsenal. Gabriel has been a mainstay of their defence this season, forming a formidable partnership with William Saliba. Under his influence, the Gunners have conceded just five goals in their first 11 Premier League matches — a defensive record central to their run at the top of the table.

Losing such a stabilising presence, even temporarily, is widely viewed as a major blow for Arteta’s side ahead of a crucial stretch in their campaign.

Arteta was frank about the challenge: “To miss him is never a positive thing,” he said, acknowledging both the magnitude of the loss and the responsibility now falling to the rest of the squad.

Despite the setback, the manager expressed confidence in his backups. He pointed to Piero Hincapié and Cristhian Mosquera, both brought in this season, as viable deputies who now must rise to the occasion.

The timing of Gabriel’s injury is especially delicate. Beyond the North London derby, Arsenal face a tough run of fixtures, including a Champions League clash with Bayern Munich and a trip to Chelsea.

Arteta also revealed other injury concerns in the squad: Riccardo Calafiori remains a doubt due to a hip issue, while Martin Ødegaard, Kai Havertz, Gabriel Martinelli, Viktor Gyökeres, and Noni Madueke are all on the treatment table.

For Tottenham, Gabriel’s absence represents a major opportunity. The derby is set to be played at the Emirates, and without one of Arsenal’s defensive lynchpins, Spurs may see a more open contest than usual. Arsenal’s replacement pairing will need to be both composed and effective — not only to fill Gabriel’s boots, but to maintain the defensive solidity that has underpinned their title push.

Amorim Confirms Sesko Will Be Sidelined

Ruben Amorim

Manchester United manager Ruben Amorim has confirmed what many had feared: young ­striker Benjamin Sesko will be out of action for several weeks following a knee injury. The announcement comes as a blow for a United side that had pinned significant hopes on the 22-year-old’s talent and physical presence.

Amorim revealed the injury update ahead of United’s upcoming Premier League match against Everton. Sesko sustained the knee issue during United’s 2–2 draw at Tottenham on November 8, coming off after a heavy challenge. Initial fears hinted at a serious problem; knee injuries are notoriously unpredictable. “I am concerned … because it is in the knee,” Amorim admitted shortly after the match.

But in his latest press conference, Amorim struck a cautiously optimistic tone. He said Sesko would be sidelined “for a few weeks,” adding, “It’s not that serious … we have to be careful with him.”

Those comments were echoed in media reports, with Amorim projecting a possible return around early December.

Benjamin Sesko

Crucially, Amorim suggested that Sesko might be fit again just in time for a significant moment: the departure of other key attackers to the Africa Cup of Nations. United are expecting to lose players like Bryan Mbeumo and Amad Diallo when their national teams head to AFCON later in December.

If accurate, that could help United bridge a potentially thin attacking window.

Sesko’s injury compounds United’s growing concerns in attack. The £74 million summer signing from RB Leipzig has struggled to find consistent form, managing only two Premier League goals so far this season.

His recent injury has revived fears that United may need to rely on less-proven options—or even dip into the January transfer market—to reinforce their forward line.

In fact, earlier comments from Amorim and club sources suggest that United could be forced to act if Sesko’s absence coincides with the AFCON window.

The stakes are high: without Sesko, and with other forwards potentially unavailable for international duty, United risk being stretched thin at a pivotal moment in the season.

Off the field, there is some reassurance. Scans reportedly ruled out a major ligament injury, indicating that while the setback is serious, it might not be as severe as initially feared.

That provides a sliver of hope for the club—if his recovery goes smoothly, Sesko could rejoin the squad sooner rather than later.

FG, Plateau, Katsina Order Closure of Schools Over Security Concerns

Minister of Education Tunji Alausa

The Federal Government has ordered the immediate temporary closure of 47 Unity Colleges, citing escalating security threats in various parts of the country. The directive was issued in a circular signed on 21 November 2025 by Binta Abdulkadir, Director of Senior Secondary Education at the Federal Ministry of Education, on behalf of Education Minister Tunji Alausa.

According to the circular, the shutdown aims to prevent potential “security breaches” amid growing instability that has put students and staff at risk. The principals of the impacted schools have been instructed to comply strictly with the closure order pending further review.

Meanwhile, the governments of Plateau and Katsina states have also ordered the temporary closure of schools across several districts.

The Plateau State Universal Basic Education Board (PSUBEB) has directed all Government Junior Model Secondary Schools (GJMSSs) to close from Saturday, while primary and day schools will shut starting on Monday.

In an official statement, PSUBEB said the move was necessary to “avert potential risks” to learners, urging educators, local authorities and communities to remain alert.

Plateau’s Public Relations Officer for SUBEB, Richard Jonah, emphasized that the closure is a “temporary but necessary step,” reflecting the government’s priority to place children’s safety above academic continuity.

In Katsina State, Commissioner for Basic and Secondary Education Yusuf Jibia announced that schools would be closed statewide pending a “comprehensive security review” of high-risk areas.

According to the commissioner, the directive also applies to students currently writing examinations, underscoring the gravity of the security threat.

Katsina authorities explained that the shutdown aligns with a newly developed statewide school safety strategy, which will guide security agencies’ enhanced deployment to vulnerable communities.

The school closures in both states come against a backdrop of mounting insecurity in northern Nigeria. In Katsina, an Oxford Policy Management report released earlier this month revealed that 330 students were abducted in the state between 2020 and 2025, contributing to the closure of 52 schools across several local government areas.

The report also noted that fear continues to disrupt learning, with many students and teachers reporting that insecurity undermines their sense of safety in school.

Similarly, UN-backed research highlighted how insecurity in Katsina, Zamfara and Niger states has severely limited access to education.

In Plateau, while PSUBEB did not cite a particular attack for the closure, officials referred to intelligence reports that identified potential threats, prompting urgent preventive action.

Some parents and community members have welcomed the move, citing the need to prioritize children’s lives over schooling when danger mounts. Others, however, expressed concern over prolonged disruptions to academic calendars, especially for students nearing critical exam periods.

Europe on Edge as Leaked US Peace Plan Pressures Ukraine to Cede Donbas

Destruction of Russian tanks by Ukrainian troops in Mariupol

European leaders have reacted with alarm to reports of a draft U.S.-Russia “peace” framework that would require Ukraine to hand over control of its eastern Donbas region, significantly scale back its military, and make other major concessions. The leaked 28-point proposal, first reported by multiple outlets on Thursday, has sparked a fresh crisis in Western diplomacy as Ukraine evaluates its options.

According to reports, the plan would force Ukraine to recognise Crimea and the Donetsk and Luhansk regions (Donbas) as de facto Russian territory. It would also impose a dramatic reduction of Ukraine’s armed forces to 600,000 troops, nearly half of its current force, while limiting its access to certain classes of weapons.

Western military assistance could be scaled back entirely under the deal, and future Western deployments to Ukraine—such as the Franco-British “coalition of the willing”—would be banned.

On cultural lines, the proposal reportedly calls for Ukraine to grant official status to the Russian language and recognise the Russian Orthodox Church, raising further concerns in Europe about a creeping “russification.”

In Kyiv, Ukrainian President Volodymyr Zelenskyy issued a solemn warning: the country may soon face an impossible decision. In a televised address, he framed the choice as one between preserving Ukrainian dignity and sovereignty, or accepting a deal that could be seen as capitulation.

Zelenskyy met with U.S. Army Secretary Daniel Driscoll, emphasising that any peace agreement must respect Ukraine’s core principles of statehood, public safety, and justice.

Kyiv’s assessment of the U.S.-drafted proposal continues at a technical level, and officials say they are carefully reviewing every clause. Rustem Umerov, Secretary of the Ukrainian National Security and Defense Council, reiterated that Ukraine’s key priorities remain its sovereignty, the protection of its people, and securing a just peace.

European capitals, meanwhile, are pushing back hard. EU foreign ministers have called for a more inclusive negotiation process, arguing that any peace plan cannot be shaped solely by Washington and Moscow.

The European Union’s foreign policy chief, Kaja Kallas, warned that rewarding an aggressor with territory could set a dangerous global precedent. “If you just give in to the aggression, then you invite more aggression,” she said.

France’s Foreign Minister Jean-Noël Barrot echoed the sentiment, arguing that peace must be both “just” and “durable,” not a surrender by Ukraine.

Poland’s former foreign minister Radoslaw Sikorski, also speaking publicly, expressed concern about limiting Ukraine’s military capacity: he called such provisions “unacceptable” and warned against undermining Kyiv’s long-term security.

European military voices have joined the alarm. One retired senior British general, Sir Richard Barrons, described the proposal as a “disaster” for European security, arguing that Russia could emerge from any deal emboldened and unchallenged.

Without robust guarantees or a credible role for European forces, he said, Ukraine would remain “hostage to Russia.”

For its part, Ukraine has called on its partners to respect its red lines, even as it engages in technical discussions with the United States.

In his statement, Umerov stressed that Ukraine expects “proper attitude” toward its position and that any agreement must be consistent with its constitutional principles.

The draft also includes vague promises of “robust security guarantees,” but how enforceable those guarantees would be is unclear.

European diplomats have repeatedly asked what exactly these guarantees would look like—and whether they would truly prevent a future Russian aggression.

Analysts warn that the fallout from this plan could be profound. If Ukraine were to accept such terms, it might undermine both European unity and NATO’s credibility on the eastern flank. The West’s ability to defend its principles would be tested—and the message sent to other powers could reshape the future of European security architecture.

Davido Marks 33rd Birthday with Family, Fans

Davido

Nigerian Afrobeats superstar Davido celebrated his 33rd birthday on Friday, surrounded by family, friends and key members of his 30 BG crew in Atlanta. The festivities came on the heels of the final show of his 5ive Alive tour, adding a deeply personal touch to a momentous night.

In a heartfelt speech during the celebration, Davido reflected on his journey from his very first song—which he released at age 17—to where he is now. “This year is one of my best years ever,” he said, highlighting his marriage to his beloved wife, Chioma, and his role as a father.

Amid the joyous occasion, Davido also made a major announcement: he is working on his sixth studio album, expected to drop in 2026.

The news thrilled fans, many of whom gathered at the State Farm Arena during the closing night of his tour, a venue he filled to capacity.

His family was very much in attendance. Among the guests were his uncle, Osun State Governor Ademola Adeleke, his father Adedeji Adeleke, his sister Sharon, and other close relatives. The gathering underscored how much family means to the star, especially as he continues to navigate both personal milestones and his soaring career.

Throughout the evening, the event was both exuberant and deeply reflective. Davido quipped that even after “dropping his first song at 17… now I’m 33,” adding that this year, “I got married to the most beautiful woman, and we had our babies.”

The birthday celebration also spotlighted Davido’s evolution as an artist and a man. In addition to his upcoming album, it marked the end of his 5ive Alive Tour, a major North American arena tour supporting his fifth studio album, 5ive.

Pras Michel Jailed for 14 Years

Pras Michel

Grammy-winning rapper Prakazrel “Pras” Michel, of the iconic 1990s hip-hop group The Fugees, has been sentenced to 14 years in prison after being convicted of campaign finance violations and illegal lobbying, U.S. courts confirmed.

The sentence was handed down by U.S. District Judge Colleen Kollar-Kotelly in Washington, D.C., following a high-profile trial that exposed Michel’s role in funneling millions of dollars from Malaysian financier Low Taek Jho, also known as Jho Low. Prosecutors argued that Michel acted as an unregistered foreign agent, funnelling funds to influence American politics.

According to court documents, Michel was found guilty in April 2023 on 10 counts, including conspiracy, money laundering, and acting on behalf of a foreign government.

At the trial, the prosecution presented testimony from high-profile figures, including former U.S. Attorney General Jeff Sessions and actor Leonardo DiCaprio, underscoring the scale and seriousness of the scheme.

From the bench, prosecutors painted a stark picture of Michel’s conduct, saying he “lied unapologetically and unrelentingly” to carry out his influence operation.

They told the court that federal sentencing guidelines justified a life sentence, given the depth of Michel’s deception and greed.

Michel’s defense strongly objected to the length of the prison term. His lawyer, Peter Zeidenberg, called the 14-year sentence “completely disproportionate.” He argued that a life term, which prosecutors had referenced, would apply more appropriately to cases involving terrorism or drug cartels, rather than a lobbying scandal.

Michel has vowed to appeal both his conviction and sentence.

In addition to the prison term, Michel faces substantial financial penalties: authorities ordered him to forfeit nearly US$65 million as part of the judgment.

The case is deeply linked to the broader 1MDB scandal, in which Jho Low allegedly embezzled billions of dollars from Malaysia’s state investment fund. Prosecutors say Michel helped channel some of those illicit funds into American political campaigns, including the re-election campaign of Barack Obama in 2012.

Kevin Spacey Controversy Returns as New Claims Emerge

Kevin Spacey

Kevin Spacey, the two-time Oscar-winning actor, is once again in the news following recent developments about his personal and professional life.

Spacey recently opened up about his precarious living situation, admitting in a new interview that he currently considers himself effectively homeless. According to his own account, he is living out of hotels and short-term rentals, having lost his longtime home in Baltimore.

The actor said the financial and emotional toll since the sexual misconduct allegations first surfaced has been severe, and he remains hopeful for a career comeback.

Legally, Spacey continues to face civil litigation. In early 2025, a British actor named Ruari Cannon filed a fresh claim in London’s High Court, alleging that Spacey groped him after a stage performance when Cannon was 21.

While the details of the new lawsuit remain under wraps, Spacey has denied the allegations and pushed back against what he describes as exaggerated or false claims.

This is not the first time Spacey has faced legal battles in the U.K. In 2023, he was acquitted—by a jury in London’s Southwark Crown Court—of nine historical sexual offence charges, dating back to alleged incidents between 2001 and 2013.

More recently, the actor’s legal team successfully overturned a default judgment in another civil case, citing a procedural error by his lawyers.

The case had originally been decided in favor of the plaintiff without a trial because Spacey’s defense had failed to file a timely response—but the judge reversed that outcome, opening the door for a full hearing.

On the public front, Spacey accepted a lifetime achievement award from the Better World Fund in Cannes. In his speech, he criticised what he called Hollywood’s ongoing “blacklist culture,” comparing it to the McCarthy-era persecution of artists.

Despite the acclaim, his return remains controversial: many in the industry and on social media have expressed discomfort or outright opposition to celebrating him given his past.

Spacey’s recent interviews reflect a complex mix of defiance and vulnerability. He says he is in touch with “some extremely powerful people who want to put me back to work,” but he also believes that for a true comeback to happen, he needs a signal from heavyweight filmmakers like Martin Scorsese or Quentin Tarantino.

Gunmen Kidnap Students, Staff from Catholic School in Niger State

Armed men stormed St. Mary’s Catholic School in Papiri, Agwara LGA of Niger State, during the early hours of Friday, abducting students and staff, amid mounting security concerns in the country.

It is believed that up to 52 schoolchildren were taken in the raid.

The Niger State Police Command confirmed the attack occurred around 2 a.m., and said tactical units and military forces have been deployed to comb nearby forests in a bid to rescue the victims.

In a statement, the Niger State government expressed its deep concern, noting that the kidnapping took place despite earlier intelligence warnings.

According to the state’s secretary, Abubakar Usman, St. Mary’s School had reopened even though authorities had previously ordered the temporary closure of all boarding schools in parts of the region due to security risks.

The Catholic Diocese of Kontagora, in whose territory the school falls, strongly condemned the abduction. In a public release, the diocese said a security guard was shot during the attack, and called for calm as the church works with government and traditional leaders to facilitate a safe rescue.

The Niger State government has opened an investigation into how the attack occurred, pointing to possible negligence by school management.

According to reports, the Department of State Services (DSS) had already issued warnings about the threat of violence in the area, but the school allegedly resumed operations without clearing its reopening with state authorities.

This abduction comes just days after another mass kidnapping in nearby Kebbi State, where 25 schoolgirls were abducted from a boarding school, and a vice-principal was shot dead.

The wave of attacks has renewed fears about the safety of children in Nigeria’s school system, especially in rural and underserved areas.

Bishop Yohana Dauwa Bulus of the Kontagora Diocese said the violence is a “tragic reminder” that “the country is no longer safe for its children.”

He urged the government to act swiftly to ensure the safe return of those kidnapped and to prevent future attacks.

As of now, no group has claimed responsibility for the assault on St. Mary’s, but security analysts point to armed bandit gangs — many of them former herders — as likely perpetrators.

Authorities have appealed to the public for patience and cooperation, calling on local communities to support ongoing rescue operations while they intensify efforts to bring the students and staff home safely.

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