By Esther Ososanya Africa’s richest man, Aliko Dangote, has delivered a sobering warning to the continent’s leaders: Unless powerful fuel import interests are confronted head-on, no new refinery will ever be built again in sub-Saharan Africa. Speaking at the Global Commodity Insights Conference in Abuja, the billionaire industrialist declared that entrenched rent-seeking, offshore fuel cartels, …
By Esther Ososanya Security chiefs in the Federal Capital Territory have intensified efforts under Operation Sweep, a coordinated multi-agency crackdown on criminal activities, following a high-level strategy meeting held in Abuja. The meeting, convened between FCT Service Commanders and the Director of Security, Federal Capital Development Authority (FCDA), focused on assessing field reports, identifying operational …
By Esther Ososanya Dealmaking in the U.S. upstream oil and gas sector dropped sharply in Q2 2025. Investor caution increased as energy and equity markets turned volatile. Merger and acquisition (M&A) deals fell by 21%, totalling just $13.5 billion between April and June. This slump contrasts sharply with recent performance. In 2023, the sector recorded …
Security operatives on Tuesday barred suspended Senator Natasha Akpoti-Uduaghan from entering the National Assembly complex. The Kogi Central lawmaker arrived at the National Assembly around noon, accompanied by supporters and activist Aisha Yesufu. Her convoy was stopped at the first gate by security personnel, and she was denied entry. Senator Akpoti-Uduaghan, who was in a …
At Junior Secondary School, Sokale Dutse Alhaji in Abuja, students no longer hold their bladders in shame or sneak between bushes to relieve themselves. For the first time in the school’s history, clean, solar-powered toilets now stand proudly behind the classroom block, providing much-needed sanitation and restoring the dignity of every student. Megastar Media’s Donation …
The Chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that 18 incumbent state governors are currently under active investigation for alleged financial misconduct. Olukoyede made the disclosure during a public sensitisation event in Lagos focused on currency abuse and naira misuse. He emphasised that while constitutional immunity shields serving …
A company’s Corporate Affairs Commission (CAC) certificate does not give it the right to collect or manage people’s money. That was the strong warning from Dr Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), as Nigeria battles a surge in Ponzi schemes disguised as legal businesses. “Being registered by CAC doesn’t mean you’re …
As Ponzi schemes evolve in Nigeria, many are no longer led by faceless scammers. Instead, they now wear the familiar faces of celebrities, social media influencers, and online content creators. From actors to comedians and even musicians, these public figures are lending legitimacy to illegal investment platforms, often unknowingly, but sometimes for a fee. When …
By Esther Ososanya After months of intense negotiations, Napoli have given Turkish champions Galatasaray until next Monday to finalise the permanent transfer of Victor Osimhen. According to reliable sources in Italy and Turkey, the deal valued at €75 million is now in its final stages, following weeks of back-and-forth over Serie A exit clauses and …
By Esther Ososanya 20-year-old Super Falcons forward Chioma Okafor has been ruled out of the rest of the Women’s Africa Cup of Nations (WAFCON) tournament in Morocco after sustaining a hand injury that will sideline her for at least 12 days. The injury meant Okafor missed Nigeria’s quarter-final clash against Zambia’s Copper Queens and any remaining …
