News
PDP Makes Caricature of Budget 2026, Calling it Budget of Consolidated Renewed Suffering
The Peoples Democratic Party (PDP) has sharply criticised President Bola Ahmed Tinubu’s 2026 Appropriation Bill, dismissing its official theme of “Budget of Consolidation, Renewed Resilience and Shared Prosperity” as misleading and rebranding it the “Budget of Consolidated Renewed Sufferings.
”In a press statement issued on Friday by the party’s National Publicity Secretary, Comrade Ini Ememobong, the opposition party accused the APC-led administration of presiding over unmitigated hardship for ordinary Nigerians while the governing elite continues to enjoy affluence.

The PDP challenged President Tinubu’s claim of economic stabilisation, particularly his citation of a 3.98% GDP growth rate.
The party argued that growth figures alone do not translate to improved living standards, pointing to the World Bank’s 2025 Poverty & Equity Brief which indicates that over 30.9% of Nigerians live below the international extreme poverty line.

“This clearly indicates that whatever economic gains exist are not reaching the majority of Nigerians,” the statement read, describing the situation as “growth without prosperity.
“The opposition contrasted the current growth rate with the 6.87% recorded in the corresponding period of 2013 under the previous PDP administration, which it said was driven by non-oil sectors such as agriculture and trade. It accused the President of failing to specify the sectors driving the present growth or identify its beneficiaries, amid widespread hunger and soaring cost of living.
While acknowledging the allocation for security in the 2026 budget, the PDP stressed that funding alone is inadequate without effective and transparent implementation.
It demanded tangible outcomes, including modern equipment, sufficient ammunition, enhanced intelligence, and improved welfare for security personnel, noting reports that non-state actors in various conflict zones possess superior weaponry.
The party expressed deep concern over President Tinubu’s admission that the capital component of the 2024 budget has been extended to December 2025, while the 2025 budget remains operational.
The PDP described this as confirmation of long-standing rumours about the concurrent running of multiple budgets—a practice it condemned as a violation of fiscal discipline, transparency, and accountability.
“This cannot be described as best practice, as every budget has a defined period of operation and no two budgets should operate concurrently,” the statement asserted, calling it “yet another unprecedented negative feat” by the Tinubu administration.
The PDP called for greater transparency and accountability in the management of the nation’s finances, stating that these elements have been “conspicuously absent” under the current government and are essential for rebuilding public trust.
News
Boko Haram Denies Ceasefire with FG, Vows Continued Attacks
Boko Haram has strongly denied reports of a ceasefire agreement with the Federal Government and insisted that it will continue its campaign of attacks.
In a statement released by the group, the militants dismissed claims of any truce or negotiated pause in hostilities, describing such reports as false and misleading.
The group reaffirmed its commitment to ongoing operations against government forces and other targets, vowing that its attacks will persist without interruption.
The denial comes against the backdrop of persistent insecurity in the northeast and other affected regions, where the group has maintained a long-standing insurgency.
Security sources note that the latest statement appears aimed at clarifying the group’s position and rejecting any suggestion of dialogue or de-escalation with the authorities.
Military and government officials have not issued an immediate detailed response to the claim, though security operations against the militants remain active. Authorities continue to urge vigilance as the group signals its intention to sustain violence.
News
Police Raise Alarm Over Terrorists and Informants Spying on Schools, Other Targets
Police authorities have raised a serious alarm over intelligence indicating that terrorists and their informants are actively spying on schools and other sensitive targets across the country.
According to security sources, the surveillance activities form part of a broader effort by extremist groups to gather information on soft targets, with educational institutions identified as particularly vulnerable. Officials warn that such reconnaissance could be a precursor to planned attacks and have called for immediate heightened vigilance by school administrators, security personnel, and the general public.
The police statement urges institutions to strengthen access controls, report suspicious individuals or activities promptly, and cooperate fully with security agencies. “We are treating these reports with the utmost seriousness,” a senior police official said, noting that the involvement of local informants makes the threat more difficult to detect.
The military has responded by confirming that it is closely monitoring the situation. In a brief statement, military authorities said relevant formations have been placed on alert and are working in coordination with the police and other security agencies to track and disrupt any potential threats.
Security experts note that schools and public gathering places have increasingly featured in the operational planning of terrorist groups in recent years, making continuous intelligence sharing and community awareness critical to prevention. Authorities continue to appeal for calm while stressing that proactive measures are already underway.
News
Dangote Refinery IPO: SEC Warns Investors, ‘Don’t Pay Into Wrong Hands’
The warning effectively places investors on notice that interest in the IPO should not override basic due diligence, particularly in verifying where subscription applications are submitted and where payments are made.
• Aliko Dangote , flanks by her daughters and capital market regulators, during the gong opening ceremony on the NGX, Monday September 14,2026
The Securities and Exchange Commission (SEC) has warned prospective investors in the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO) against fraudsters and unauthorised platforms seeking to divert subscription funds.
The warning came as the refinery’s was quoted on the Nigerian Exchange Limited (NGX) on Monday, September 14, 2026, marking a major milestone in the company’s planned public offer.
With strong public interest expected around one of Nigeria’s largest capital-market offerings, the SEC urged investors to deal only with officially designated and approved receiving agents, subscription channels and platforms.
“The public is hereby advised to exercise caution and ensure that all applications and payments relating to the IPO are made only through the officially designated and approved receiving agents/subscription channels and platforms,” the Commission said.
The regulator’s alert highlights growing concerns over the possibility of fake investment websites, cloned platforms, fraudulent payment channels and individuals posing as authorised agents to exploit the huge interest generated by the Dangote Refinery offer.
The SEC therefore advised prospective investors to obtain information about the IPO only through the Commission’s official channels, the issuer’s official channels and other channels specifically established and approved for the offer.
The warning effectively places investors on notice that interest in the IPO should not override basic due diligence, particularly in verifying where subscription applications are submitted and where payments are made.
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