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“No Political Agenda Here,” EFCC Chair Says on Malami Probe

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has dismissed accusations that the anti-graft agency is engaged in a politically motivated “witch-hunt” against former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), asserting that the investigation is professional and devoid of personal or partisan considerations. Olukoyede spoke...
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DisCos Abandon Metering Duty, Millions of Nigerians Left Unbilled

Electricity distribution companies (DisCos) have largely failed to meet their regulatory obligation to meter customers, with only 90,172 prepaid electricity meters funded nationwide between 2019 and the third quarter of 2025, according to the Nigerian Electricity Regulatory Commission’s (NERC) latest industry report. The data indicates a sharp decline in DisCos’ contribution to closing Nigeria’s metering...
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UK Issues Fresh Warning to Deport Nigerians, Other Migrants Working Illegally

The United Kingdom has issued a stern warning to Nigerians and other foreign nationals regarding illegal employment, signaling that authorities will take decisive action against those found working without proper authorization. In a public statement, the UK Home Office emphasized that “anyone caught working illegally will face immediate deportation proceedings,” reinforcing its commitment to enforcing...
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141 Million Nigerians Living in Poverty as Politicians Focus on Power Struggles — Obi

The Labour Party’s 2023 presidential candidate, Peter Obi, has raised concern over Nigeria’s worsening socio-economic conditions, stating that 141 million Nigerians are currently living in poverty while political leaders remain preoccupied with power struggles rather than governance and development. Mr. Obi made the remarks while reacting to recent political developments across the country, stressing that...
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Trump Reaffirms Threat of Further Military Action in Nigeria If Violence Against Christians Persists

Former United States President Donald Trump has reiterated that the United States could conduct additional military strikes in Nigeria if attacks on Christian communities continue, an announcement that underscores growing international scrutiny of Nigeria’s security situation. In an interview published on January 9, 2026, Mr. Trump stated that while he hoped the U.S. military action...
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Ego Ndi Enugu Must Be Used for Ndi Enugu:The Development Vision of Chief Uche Geoffrey Nnaji Nwakaibie.

By Chukwudi Louis AniPolitical Economist. In every progressive society, the true measure of leadership is the ability to ensure that public resources are deployed for the direct benefit of the people. This philosophy finds clear expression in the development vision of Chief Uche Geoffrey Nnaji Nwakaibie, captured in a simple but powerful statement: “Ego Ndi...
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IMF Economic Prescriptions Spark Debate Among Nigerian Experts

The latest IMF economic prescriptions for Nigeria have generated mixed reactions among economists and financial experts, with many disagreeing on recommendations relating to taxation, monetary policy, and economic management. However, several analysts endorsed the International Monetary Fund’s concerns over the Federal Government’s proposed $5 billion loan arrangement with First Abu Dhabi Bank of the United...

Cardoso Wins Central Bank of the Year Award in London

Cardoso Wins Central Bank recognition after the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, received the Central Bank of the Year Award at the Central Banking Awards ceremony held recently in London. The award acknowledges the institution’s reform efforts and contributions toward strengthening economic stability in Nigeria. The Central Banking Awards...

Textile Imports Rise 17% to N267.7bn Despite Revival Push

The value of textile products imported into Nigeria increased significantly in the first quarter of 2026, as Textile Imports Rise by 17 per cent year-on-year to N267.7 billion. The latest figures highlight the country’s continued dependence on imported textile materials despite ongoing efforts to revive domestic manufacturing. Nigeria’s textile industry was once a major contributor...

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