Nigerian Economy: A Breeding Ground for Ponzi Schemes?
It has become very easy to blame patrons of Ponzi schemes (fraudulent investment scams) for their greed and ignorance. But, despite the general awareness creation about the dangers of those…
EFCC arrests 19 suspected internet fraudsters in Akwa Ibom, Cross River
Comfort Isaac The Economic and Financial Crimes Commission, EFCC, says it has arrested 19 suspected internet fraudsters in both Akwa Ibom and Cross River States. EFCC Spokesperson, Dele Oyewale disclosed…
Akwa Ibom: CP assures adequate security ahead of gov Eno’s grand reception to APC
Comfort Isaac The Commissioner of Police, Akwa Ibom State Command, CP Baba Azare, has assured adequate security in the state ahead of the grand reception of Gov Umo Eno to…
Reps uncover N9.4trn debt in oil sector, recover N86.5bn
Isaac Samuel The House of Representatives Public Accounts Committee (PAC) has uncovered over N9.4 trillion in unpaid financial obligations owed to the Federation Account by several oil and gas companies…
CBN Affirms Strength of Banking Sector, Issues Routine Transitional Guidelines for Select Institutions
As part of its ongoing efforts to strengthen the banking system, the Central Bank of Nigeria (CBN) introduced time-bound measures for a small number of banks still completing their transition…
PZ Cussons’ Sells 50% Stake in PZ Wilmar for $70m
The PZ Cussons Plc has sold its 50 per cent stake in PZ Wilmar to Wilmar International Limited (Wilmar) for $70 million. The sale, which would enable Wilmar to hold…
President Tinubu directs security agencies to arrest killers in Benue, advises Gov. Alia to set up peace committee
President Tinubu directs security agencies to arrest killers in Benue, advises Gov. Alia to set up peace committee President Bola Tinubu has directed the Inspector General of Police, Kayode Egbetokun,…
Ex Plateau speaker, Sule 14 other members arrested over alleged money laundering
Comfort Isaac The former speaker of the Plateau State House of Assembly, Moses Thomas Sule and 14 other former members of the Assembly have been arrested by the operatives of…
PDP: the plot thickens
By ETIM ETIM Those who are still in doubt about the fate of the PDP and why some of its elected officials are decamping to other parties should read a…
Sugar Tax: FG Advised to Target Balanced Fiscal Approach, Not 1200% Increase
The ThinkBusiness Africa has advised the federal government to evolve a balanced approach for Sugar-Sweetened Beverage (SSB) that should prioritise enforcement of existing regulations than focusing on increasing the tax…
LCCI Welcomes Latest Inflation Report
Says it marks a new shift The Lagos Chamber of Commerce and Industry (LCCI) has declared that The chamber said that the latest inflation report marked “a positive, albeit modest,…
Leaving the PDP: the choice before Akwa Ibom people
By Assam E. Assam, SAN In the evolving political landscape of Akwa Ibom State, recent developments have reignited debates about party loyalty, political identity, and the future of governance in…
NESG Tasks FG on Digital Economy Resilience Analytics Tools to Counter Cyber Threats
The Chief Executive Officer of Nigerian Economic Summit Group (NESG), Dr. Tayo Aduloju, has declared that “Nigeria urgently requires a new digital economy resilience analytics tool to support institutional preparedness”…
Tinubu flags off construction of new INEC headquarters in Abuja
Isaac Samuel President Bola Ahmed Tinubu, Tuesday, performed the ground-breaking ceremony for a new annex of the Independent National Electoral Commission (INEC) headquarters in Abuja. The president described the project…
INEC rejects PDP’s NEC meeting notice for excluding National Secretary’s signature
Isaac Samuel The Independent National Electoral Commission (INEC) has rejected a notification from the Peoples Democratic Party (PDP) regarding its planned 100th National Executive Committee (NEC) meeting scheduled for June…
NECA Tells FG to Realign its Multiple Reform Policies
The Nigeria Employers’ Consultative Association (NECA) has called on the federal government to realign its reforms policies to avoid hurting the growth of the private sector. The Director General of…
Tinubu insists on state police to tackle Nigeria’s security challenges
Isaac Samuel President Bola Ahmed Tinubu has called for urgent constitutional reforms to overhaul Nigeria’s national security architecture. The President stated that the current framework is no longer sufficient to…
33 suspicious persons nabbed in Benue
Benue State Government has confirmed the arrest of 33 persons from northern Nigeria who attempted to take residence in a private property at Gyado Villa after arriving Makurdi in two…
STATEHOUSE PRESS RELEASE: PRESIDENT TINUBU TO VISIT BENUE OVER CRISIS
… SHIFTS SCHEDULED OFFICIAL VISIT TO KADUNA President Bola Tinubu has rescheduled his official visit to Kaduna State. Instead, he will travel to Benue State on Wednesday, June 18, 2025,…
EFCC arraigns Emefiele for unlawful possession of 753 housing units, N7.8bn fraud
By Comfort Isaac Economic and Financial Crimes Commission, EFCC, on Monday, June 16, 2025, arraigned a former Governor of the Central Bank of Nigeria, CBN, Godwin Ifeanyi Emefiele, before Justice…
Federal Ministry of Agriculture, prayers and sudden death
By ETIM ETIM The Federal Ministry of Agriculture and Food Security brought an untold embarrassment and shame on Nigerians last week through an internal memo which summoned its senior staff…
Tinubu, Akpabio, APC governors expected in Uyo for Gov Eno’s reception
By ETIM ETIM President Bola Tinubu, Senate President Godswill Akpabio, APC governors; National Chairman and other bigwigs are expected in Uyo on Saturday, June 21, to formally receive Gov. Umo…
Opposition coalition struggles to find suitable platform
Isaac Samuel Less than two years to the 2027 general election, Nigeria’s opposition parties are once again caught in the familiar quagmire of coordination failure. Despite growing public frustration with…
Sun Trust Bank CEO, ED arraigned over alleged $12m fraud
Comfort Isaac The Economic and Financial Crimes Commission, EFCC on Friday, June 13, 2025 arraigned the duo of Halima Buba and Innocent Mbagwu before Justice Emeka Nwite of the Federal…
WEF’s Report: 123 Years Needed to Achieve Global Gender Parity, Ranks Nigeria 124th
The World Economic Forum’s “Global Gender Gap Report 2025” has declared that it would take 123 years to close the global gender gap. The report, which was released yesterday in…
Huge Foreign Portfolio Investment into Nigeria: At What Costs?
By Marcel Okeke In what looks like a propaganda blitz, several online and hardcopy publications have in recent times been carrying a report that Nigeria’s economy attracted huge foreign portfolio…
June 12: Gov Eno gives credence to former leaders, sues for unity in Akwa Ibom
Comfort Isaac As Nigeria celebrates June 12 as its Democracy Day, the governor of Akwa Ibom State, Pastor Umo Eno has eulogized past leaders in the state for upholding the…
Tinubu confers national honours on Kudirat Abiola, Wole Soyinka, Shehu Yar’Adua
Isaac Samuel President Bola Ahmed Tinubu, on Thursday, announced the conferment of posthumous and national honours on key figures in Nigeria’s pro-democracy struggle, including Kudirat Abiola, Shehu Musa Yar’Adua, and…
I won’t allow a one-party state in Nigeria – Tinubu
Isaac Samuel President Bola Ahmed Tinubu has dismissed speculations that his administration is plotting to turn Nigeria into a one-party state. The President said such an idea is neither desirable…
STATEHOUSE PRESS RELEASE: ADDRESS BY PRESIDENT BOLA AHMED TINUBU, GCFR AT THE JOINT SESSION OF THE NATIONAL ASSEMBLY IN COMMEMORATION OF DEMOCRACY DAY, 2025
THURSDAY, 12TH JUNE 2025 Protocol: With profound honour, I stand before this joint session of our National Assembly; a parliament that embodies the will of the Nigerian people. 2. Today,…
Tight security at National Assembly ahead of Tinubu’s Democracy day address
Isaac Samuel Security was visibly heightened at the National Assembly complex in Abuja on Thursday ahead of President Bola Ahmed Tinubu’s scheduled address to a joint session of the National…
What next shall we name after Tinubu?
By ETIM ETIM FCT Minister Nyesome Wike spent a whopping N39 billion to renovate the International Conference Centre in Abuja and renamed it Bola Tinubu International Conference Center in continuation…
USA Tasks Nigeria on Business-friendly Regulatory Climate to Boost Investments
The United States Ambassador to Nigeria, Mr. Richard M. Mills, has tasked Nigerian government on engendering business friendly regulatory and investment climate to boost investments in line with the United…
Fubara officials withheld spending records, Ibas tells Reps
Isaac Samuel Rivers State Sole Administrator, Vice Admiral Ibok-Ete Ibas (retd), has accused officials of the suspended administration of Governor Siminalayi Fubara of withholding key financial records, which he said…
Is this the next VC of the University of Uyo?
By ETIM ETIM With just six months to the end of the tenure of the current Vice Chancellor of the University of Uyo, Prof. Nyaudo Ndaeyo, the race for the…
Don’t pay attention to busybodies, Tinubu tells Wike
Isaac Samuel President Bola Ahmed Tinubu has commended the Minister of the Federal Capital Territory (FCT), Nyesom Wike, for his infrastructural drive urging him not to be distracted by “busybodies…
Did Gov Umo Eno compel anybody to defect with him?
By ETIM ETIM Elder statesman, Chief Nduese Essien, has just issued a well-written press statement on the recent defection of Gov. Eno to APC, and I think I should contribute…
NECA Welcomes FG’s Relaunch of National Talent Export Programme
The Nigeria Employers’ Consultative Association (NECA) has commended the federal government for relaunching the National Talent Export Programme (NATEP) with the target of creating one million jobs in five years…
Sin No More, Sanwoolu
By Reuben Abati Nigerians woke up to the delightful news, Monday morning, that President Bola Ahmed Tinubu, currently on Sallah vacation in Lagos, had decided, following entreaties from interested and…
A Covenant of Purpose: Governor Umo Eno’s Strategic Realignment and the National Imperative
By Aniekan Umanah It was a day when history and purpose converged, closing one chapter and opening another in bold, progressive print. On Friday, June 6, 2025, the Banquet Hall…
Maryam Abacha faults IBB’s claim, says late husband didn’t annul June 12 election
Isaac Samuel Former First Lady, Maryam Abacha, has faulted former military president, General Ibrahim Babangida (rtd), over his claims in his autobiography that blamed her late husband, General Sani Abacha,…
Tinubu to address special joint session of National Assembly on June 12
Isaac Samuel President Bola Ahmed Tinubu will address a Special Joint Sitting of the National Assembly on Thursday, June 12, 2025, as part of events commemorating Nigeria’s Democracy Day. Spokesman,…
I never hated Igbos, says Gowon
Isaac Samuel Former Head of State, General Yakubu Gowon (rtd), has declared that his actions during the Nigerian Civil War were never motivated by ethnic hatred, particularly against the Igbo…
Leadership Lessons from AfDB’s Akinwumi Adesina
By FEMI ADESINA It is not the end. Not yet. But it was the beginning of the end. President of African Development Bank (AfDB), Nigeria’s Dr Akinwumi Adesina, was hosting…
Umo Eno’s defection: the excitement, anxiety and expectations
By ETIM ETIM The defection of Gov. Umo Eno of Akwa Ibom State from PDP to APC on Friday was not a surprise, after all. I first got wind wind…
Benue gov accuses top politicians, NASS members of sponsoring banditry
Isaac Samuel Benue State Governor, Rev. Fr. Hyacinth Alia, has raised alarm over what he described as the direct complicity of top Nigerian politicians in fueling insecurity in the country,…
Akwa Ibom commissioner resigns as Eno defects to APC
Comfort Isaac The commissioner for Special Duty and Ibom Deepsea Port, Akwa Ibom state, Comrade Ini Ememobong has resigned his appointment following governor Umo Eno’s defection from Peoples Democratic Party…
‘Nigeria First’: Brainwave or Economic Blueprint?
By Marcel Okeke Apart from President Bola Ahmed Tinubu’s amorphous ‘Renewed Hope’ mantra, it looks obvious that there has not been any discernible overarching economic blueprint by his administration. This…
AFC: Africa’s $4trn domestic savings can transform infrastructural development
Africa Finance Corporation (AFC), has revealed that Africa has over $4 trillion of domestic savings in banking assets, institutional funds and reserves. The revelation was contained in the AFC’s 2025…
Nigeria to manufacture plastic automotive components – says NADDC DG
Comfort Isaac The Director general of the Nigerian Automotive Design and Development Council Mr. Oluwemimo Osanipin said Nigeria will soon begin the production of plastic automotive components. Osanipin who disclosed…