By Rafiyat Sadiq In a sharp diplomatic setback, the United States (US) and the United Arab Emirates (UAE) imposed tough new visa restrictions on Nigerian travellers, sparking outrage and concern among citizens, government officials, business leaders, migration experts, and students abroad. The coordinated clampdown, announced within hours of each other on July 9, 2025, marks …
By Rafiyat Sadiq The United States government has issued a new travel advisory warning its citizens against travelling to Nigeria due to rising insecurity, widespread crime, terrorism, kidnapping, and poor healthcare services. The advisory, posted by the US Mission in Nigeria on its official website, categorised Nigeria under “Level 3: Reconsider Travel”, one level below …
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 …
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 …
By Sunday Michael Ogwu Given the 575.5 million barrels produced throughout 2024, Nigeria’s oil industry could have generated an estimated $46.04 billion in revenue from crude oil sales in 2024. According to the most recent reconciled production data for the year by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Nigeria, one of the top oil …
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 …
The Securities and Exchange Commission (SEC) has declared the rising wave of Ponzi schemes in Nigeria a national emergency, warning that the proliferation of unregulated investment platforms is not only wiping out life savings but threatening the country’s economic and social stability. “Ponzi schemes have become a dangerous epidemic,” says Dr Emomotimi Agama, Director-General of …
