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 …
By Esther Ososanya Nigeria may be haemorrhaging more than $18 billion annually to illicit financial flows (IFFs), but the federal government is now drawing a bold red line. At the 2025 National Conference on Illicit Financial Flows held in Abuja, government officials, tax authorities, global experts, and civil society leaders came together with one shared …
Nigeria’s recent GDP rebasing has highlighted a significant shift in its economic structure. Real estate has surpassed oil, now standing as the third-largest contributor to the Nigerian economy, replacing crude oil's historic dominance. This change reflects a broader diversification within the country's economy, with real estate now contributing a notable share alongside agriculture and the …
By Sunday Michael Ogwu Nigeria’s oil industry has experienced remarkable fluctuations over the past five years, impacted by both global events and internal challenges. From the disruptive effects of the COVID-19 pandemic in 2020 to the resurgence in 2024, the trajectory of Nigeria’s oil production offers an insightful reflection of not only domestic operational capabilities …
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 …
In the bustling corners of Nigeria’s cities, from the tight alleys of urban slums to the crowded student hostels of Kaduna and Abuja, a quiet crisis is unfolding as a growing number of young Nigerians are skipping meals just to stay online. From recharge kiosks in Lagos to street-side vendors in Benin, data and airtime have …
England staged one of the most dramatic comebacks in Women’s European Championship history, clawing back from a 2–0 deficit to defeat Sweden on penalties. With that result, the Lionesses secured a hard-earned place in the semi-finals of Euro 2025. Sweden stunned Sarina Wiegman’s side early in the match. Kosovare Asllani opened the scoring before Stina …
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 …
