Category: Global Energy Crisis
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NIBSS Drags Many Banks To Court Over Alleged N13.66bn Lost To System Glitch
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The Nigeria Inter-Bank Settlement System Plc (NIBSS) has approached a Federal High Court, Lagos, seeking urgent orders to freeze accounts linked to alleged unauthorized transfers amounting to N13.66 billion traced…
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Deficits, Debt and Economic Literacy: A Response to Nigeria’s Fiscal Critics
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By Tanimu Yakubu Those who speak glibly about deficits, debt and fiscal expansion often reveal not economic sophistication, but economic illiteracy disguised as moral outrage. Much of today’s opposition rhetoric…
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Fidelity Bank Chairman, Amaka Onwughalu, Wins “Women On Bank Boards” At AWBFA 2026
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Mrs. Amaka Onwughalu, Chairman of the Board of Directors of Fidelity Bank Plc, has won the “Women on Bank Boards” award at the Africa Women in Banking and Finance Conference…
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Union Bank bags ASBON’s Honours at Nigeria National SME Business Awards
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Union Bank of Nigeria Plc has bagged the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria, ASBON. The award by the…
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Otedola tightens FirstHoldCo control with N43bn shares
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By Peter Moses, Lagos The Chairman of First HoldCo Plc, Femi Otedola, yesterday acquired additional shares of the company valued at approximately N43.41 billion amidst a string of insider deals…
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Tinubu reshuffles cabinet, drops Edun, appoints Oyedele as Finance Minister
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President Bola Ahmed Tinubu today relieved Mr. Wale Edun of his duties as Minister of Finance and Coordinating Minister of the Economy. He was directed to hand over to Mr.…
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N159.28trn debt: Each Nigerian owes N724,000
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By Abdullateef Aliyu (Lagos) & Philip Shimnom Clement (Abuja) The Nigeria’s total public debt, which stood at N159.28 trillion as of December 31, 2025, translates into an average debt burden…
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MIKE ADENUGA: The Iroko That Casts No Shadow Twice
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By Bode Opeseitan (A national heirloom to commemorate Dr. Mike Adenuga’s 73rd birthday) In the hush of April 29, 2026, as Mike Adenuga turns 73, Nigeria does not merely mark…
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Trump orders US naval blockade of Strait of Hormuz
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President Donald Trump on Sunday ordered a US naval blockade of the Strait of Hormuz in response to Iran’s “unyielding” refusal to give up its nuclear ambitions during peace talks…
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The poverty of statistics and statistics of poverty
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By Segun Adediran These days, I have been engaged in an animated discourse on the Tinubu administration’s economic reform programme. Most of my interlocutors rightly point to the numbers being…
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3 vessels with crude oil worth N4.2bn intercepted in Calabar
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By Eyo Charles The Joint Task Force South-South, Operation Delta Safe (OPDS), has intercepted three vessels laden with suspected stolen crude oil valued at over N4.2 billion in Calabar. Commander…
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Questions N3.3tn power bailout can’t answer
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By Abdullateef Aliyu (Lagos), Daniel Adaji & Faruk Shuaibu (Abuja) Nigeria’s power sector is once again under scrutiny following the federal government’s approval of over N3.3 trillion to clear the…
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The truth about UK-based Jupiter Lithium Limited and Nigeria’s Basin Mining Limited
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By Kehinde Bamigbetan The coming visit of Nigeria’s President Bola Ahmed Tinubu to the United Kingdom is generating high expectations on the back of positive evaluations of his economic management…
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Meet Bella, Mike Adenuga’s daughter
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By Emmanuel Eze She owns a quarter of Julius Berger, a chunk of FirstBank, and a jet called ‘Sisi Paris.’ At 39. If you’re counting, she’s not just rich; she’s…
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Kwara Customs Command Impounds 222 Units of Explosives Component; generates N478.2m DPV in two months
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By Wole Adedeji, Ilorin The Nigeria Customs Service, Kwara area command said it has intercepted 222 units of used compressors used to produce explosive devices. Giving reports on the achievements…
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Fidelity Bank Signs MoU with Partners, Launch ‘Give Her Power’ Initiative to Empower Nigerian Women
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By DELE ALABI Fidelity Bank Plc has reaffirmed its commitment to advancing women’s economic empowerment with the signing of strategic Memoranda of Understanding (MoU) with partner organisations at the launch…
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NNPC Secures Approval for $20 Billion Final Investment Decision on Bonga Deepwater Project
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President Bola Tinubu has approved a targeted fiscal incentive designed to unlock the long-awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project. The approval marked a…
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Alleged $4.5bn Fraud: Witness Tells Court EFCC Forced Him to Write Statement to Indict Emefiele
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A defence witness, Henry Omoile, on Friday told the Ikeja Special Offences Court in Lagos that operatives of the Economic and Financial Crimes Commission (EFCC) allegedly forced him to write…
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Cabinet Shake-Up: Tinubu appoints Taxman, Oyedele as Minister of State, Finance
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By Mohammed Shosanya President Bola Ahmed Tinubu has nominated Mr. Taiwo Oyedele as the minister of state for finance in Nigeria. He’s replacing Dr Doris Uzoka-Anite, who has been moved…
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Oil prices jump 9 per cent amid US/Israel war on Iran
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By abdulkareem Mojeed Oil prices surged on Monday while global equities slid, as escalating hostilities between the United States, Israel, and Iran rattled energy markets and heightened fears of a…