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 …
By Rafiyat Sadiq For the second time in one week, a Federal High Court in Abuja has rejected the application of former Kogi State Governor Yahaya Bello, seeking the release of his international. Mr Bello is seeking the release of his passport to enable him to travel to the United Kingdom for medical treatment. Justice …
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 Esther Ososanya The Enugu Electricity Regulatory Commission (EERC) has reduced the electricity tariff for Band A customers from ₦209 per kilowatt-hour to ₦160/kWh. The new rate takes effect on August 1, 2025. The order was issued to MainPower Electricity Distribution Ltd under EERC Order No. EERC/2025/003 titled “Tariff Order for MainPower Electricity Distribution …
By Esther Ososanya The Inspector-General of Police, Kayode Egbetokun, has agreed to personally meet with retired police officers who took to the streets of Abuja on Monday in protest over years of unpaid entitlements and poor retirement benefits. The assurance was conveyed through the Commissioner of Police, Federal Capital Territory (FCT) Command, who addressed the …
By Rafiyat Sadiq The family of the late former President Muhammadu Buhari has expressed deep appreciation to President Bola Ahmed Tinubu, top government officials, traditional rulers, and citizens across Nigeria and beyond for their overwhelming support before and after his passing. The message was shared in a statement posted by presidential aide Garba Shehu on …
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 …
