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UK, Nigeria sign MoU for return of $9.5m stolen funds
By Ziggy Ojiegbe The United Kingdom and Nigeria have signed a Memorandum of Understanding (MoU) to facilitate the return of $9.5 million identified as proceeds of corruption and traced to bank accounts in the Bailiwick of Jersey. Under the agreement,…
Dangote takes fight with Farouk offstage, petitions EFCC
Sopuruchi Onwuka The dispute between Africa’s richest man, Alhaji Aliko Dangote, and the former Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, has escalated beyond a regulatory clash into a full-blown personal confrontation….
Nigeria’s traitor-powered terrorism and the looming danger
[Michael Owhoko, Ph.D] Worried and moved by the unending terrorism in Nigeria, I was recently compelled to investigate the menace, using my crystal ball. From the revelation, some high-ranking individuals are fueling the widespread terrorism-induced bloodbath through betrayal and tacit…
Trump seizes control of Venezuela’s $2.8bn oil stockpile
By Ziggy Ojiegbe U.S. President Donald Trump said Venezuela would hand over between 30 million and 50 million barrels of oil to the United States, cargoes worth about $2.8 billion at current market prices. He said the oil would be…
New tax law: Analysts warn tougher enforcement could deepen economic strain
Frank Okon Nigeria’s sweeping overhaul of its tax system is drawing growing criticism from analysts who warn that imposing more stringent tax laws in a fragile economy could worsen business attrition, fuel inflation, and delay economic recovery. While President Bola…
Nigeria among beneficiaries of $2bn US humanitarian aid
Ziggy Ojiegbe Nigeria is among 17 crisis-affected countries eligible to access a new $2 billion humanitarian funding package agreed between the United States and the United Nations, aimed at saving lives amid rising global humanitarian needs. The funding will support…
Iranian uprising adds to building pressure on oil prices
Rising tensions across several key oil-producing countries risk overturning the market’s current complacency and triggering a sharp rebound in oil prices, particularly as sanctions continue to constrain Russian exports. Crude prices fell sharply in 2025 as oversupply fears dominated sentiment,…
Nigeria Leads Sub-Saharan Africa’s LNG Boom
Sopuruchi Onwuka Sub-Saharan Africa’s liquefied natural gas (LNG) supply is set for rapid expansion over the next decade, with total output forecast to rise by 172% from 35.7 billion cubic metres (bcm) in 2024 to about 98 bcm by 2034,…
Trump demands oil firms to invest more to recover Venezuelan assets
Ziggy Ojiegbe U.S. oil companies that lost assets to Venezuela’s nationalizations decades ago may get help recovering them — but only if they agree to reinvest heavily in the country’s battered oil industry. Officials in the Trump administration have told…
Japa: Death tolls on Mediterranean routes amplify the cost of diaspora remittances
By Sopuruchi Onwuka More than 3,000 African migrants died in the Mediterranean Sea in 2025 while attempting dangerous crossings into Europe, according to a new report by Spanish NGO Caminando Fronteras. The report highlights the desperation that pushes young skilled…
