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 …
With Nigeria set to roll out its long-awaited open banking policy in August 2025, hopes are high, but so are concerns. The question on the lips of everyone is this: will this digital shift finally bring financial services to over 38 million unbanked Nigerians? Or will it widen the gap between those online and those …
By Esther Ososanya In a sweeping reform effort, the federal government has promoted 95 senior officers and disciplined 224 others across four of the country’s top paramilitary agencies. The affected institutions are the Nigeria Correctional Service (NCoS), Nigeria Immigration Service (NIS), Federal Fire Service (FFS), and the Nigeria Security and Civil Defence Corps (NSCDC). …
By Sunday Michael Ogwu Bitcoin has soared to a new all-time high of $121,000, posting a 24-hour gain of 1.76%, in a rally driven by surging institutional interest and mounting optimism over regulatory clarity. This historic milestone comes just ahead of Crypto Week, a key event expected to spotlight growing global interest in digital assets. …
By Rafiyat Sadiq Former President Muhammadu Buhari has died at the age of 82. His death was confirmed on Sunday evening by his former media aide, Garba Shehu. “The family of the former president has announced the passing on of the former president, Muhammadu Buhari, GCFR, this afternoon in a clinic in London,” Shehu stated. …
By Sunday Michael Ogwu A storm may be brewing at Nigeria’s highest political table. What started as whispers of tension between President Bola Ahmed Tinubu and Vice President Kashim Shettima has grown into what many insiders describe as a quiet but strategic cold war. The recent fallout over the handling of the Rivers State political …
By Esther Ososanya U.S. President Donald Trump on Tuesday said his administration will impose a 50% tariff on imported copper and soon roll out long-threatened duties on semiconductors and pharmaceuticals — a sweeping expansion of his global trade war that has rattled financial markets and U.S. allies. The announcement, made during a White House …
By Rafiyat Sadiq The Senate has dismissed allegations that it is stalling over 140 bills passed by the House of Representatives, asserting that it remains committed to legislative cooperation and due process. Senate President Godswill Akpabio and Senate Leader Opeyemi Bamidele addressed the matter during Tuesday’s plenary, describing the claims as unfounded. They cited recent …
