The European Union’s top court has upheld the European Commission’s decision to label investments in nuclear power and natural gas as “green” or sustainable. This ruling supports the EU’s stance that both energy sources can play a role in the transition to a net-zero carbon future, despite concerns over safety and environmental impact. The Court of Justice of the European Union (CJEU) found that nuclear energy generation has near-zero greenhouse gas emissions and that there are currently no technologically and economically feasible low-carbon alternatives at a sufficient scale to cover energy demand in a continuous and reliable manner. For natural…
Author: Omolemi Eboisetale
The Obidient Movement has warned the Federal Government against introducing a proposed 5% surcharge on fuel, saying it would further impoverish millions of Nigerians already struggling with economic hardship. The group’s National Coordinator, Dr. Yunusa Tanko, described the plan as “a policy built on noble intentions but destined for misery,” arguing that fuel is not a luxury in Nigeria and the surcharge would punish the poor and vulnerable. Tanko emphasized that successive governments have repeatedly promised that new levies would transform infrastructure, but little has been delivered. “For decades, Nigerians have been fed the same promises: new levies will ‘fix…
Vice President Kashim Shettima has defended President Bola Tinubu’s decision to remove fuel subsidies, restructure the tax system, and implement other economic reforms. These reforms, Shettima said, are “courageous and unavoidable” and are aimed at fixing Nigeria’s “structural weaknesses”. Shettima emphasized that the reforms demonstrate the power of political will in economic policy, likening them to “painful surgery” that will ultimately lead to permanent recovery. He stressed the need for African nations to adopt a new approach to their economies, embracing structural transformation to revive human capital challenges and reverse unemployment. According to Shettima, Nigeria is not immune to Africa’s…
The Federal Inland Revenue Service has enlisted the support of the Economic and Financial Crimes Commission to enforce tax compliance in Nigeria. FIRS Executive Chairman, Dr. Zacch Adedeji, emphasized the importance of inter-agency cooperation during a courtesy visit to the EFCC headquarters in Abuja. Adedeji stated that the EFCC’s role is crucial in ensuring tax compliance, saying, “You can help us by letting people know that when they violate the law, there is a place you can keep them.” He also highlighted the need for tangible results from tax collections, noting that “the main advertisement of voluntary compliance is when…
NUPENG and Dangote Refinery have reached an agreement, leading to the immediate suspension of a nationwide strike. The agreement allows employees to unionize in accordance with existing laws, with the process commencing immediately and expected to be completed within two weeks. Dangote Refinery and Petrochemicals agreed to allow employees who wish to unionize to do so, recognizing workers’ right to join labor unions. The agreement also stipulates that no worker or employee of Dangote Refinery and Petrochemicals will be victimized due to the strike notice. Parties will report back to the Honourable Minister of Labour one week after the conclusion…
Nigerian singer and music executive Mr. Eazi has been called out by fans online for allegedly not following his wife, Temi Otedola’s, two elder sisters, Tolani and DJ Cuppy, on Instagram. However, it’s been revealed that the Otedola sisters are indeed following Mr. Eazi on Instagram, which has sparked speculation about their relationship. The controversy surrounding Mr. Eazi’s Instagram following list comes after his recent wedding to Temi Otedola, which took place across three countries: Monaco, Dubai, and Iceland. Netizens have also dug up an old interview from 2018 where Mr. Eazi revealed that he met Temi through her sister,…
The Idoma Area Traditional Council in Benue State has clarified that President Bola Tinubu’s name was not included in any list of individuals presented for a traditional title. This comes after media reports suggested the President’s title was among those nullified. According to Adegbe Uloko, Secretary to the paramount ruler of the Idoma Traditional Council, the council suspended title conferments on August 19, 2025, and reinforced this directive on September 2 to ensure proper vetting and approval processes. The suspension applies to all intermediate area traditional councils within Idoma land. The council emphasized its commitment to upholding the dignity of…
President Bola Tinubu has directed financial and capital market authorities to closely monitor the increasing use of stablecoins and digital currencies in Nigeria. This move aims to proactively manage the emerging challenges posed by the shift away from traditional banking systems. Speaking at the 18th Annual Banking and Finance Conference in Abuja, Tinubu emphasized the need for regulatory frameworks to keep pace with the rapid transformation in the global financial system. The President noted that many Nigerians are turning to stablecoins and digital currencies for payments, highlighting the importance of tracking this trend. The Securities and Exchange Commission has intensified…
President Bola Tinubu has sacked Fegho John Umunubo, his Special Assistant on Digital and Creative Economy, due to allegations of scams in the creative industry. Umunubo allegedly used his position to strike dubious sponsorship deals with filmmakers and creatives, promising government support that never materialized. One notable case involves a sponsorship deal with Arese Ugwu, creator of “The Smart Money Woman” series, where Umunubo promised N10 million for the marketing and premiere of Lara Unlimited, a spin-off of Ugwu’s work. The agreement included promotional rights for the presidency’s digital economy office, but Umunubo failed to fulfill the terms. The presidency…
Nigerian entrepreneur Yinka Ash, Founder and CEO of Ashcorp Group, has been named among the 2025 Vogue Business 100 Innovators, recognized for his contributions to the fashion and luxury industry. Through his brands Ashluxe and Ashluxury, Yinka has established himself as a leading force in global fashion, with international recognition and expansion into the UK market. Ashluxe has been worn by notable artists such as Davido and Maluma, while Ashluxury has become a landmark in Lagos with a 120-square-metre flagship store curating over 100 African and international brands. Yinka Ash expressed his gratitude for the recognition, stating it reflects the…
The Israeli military conducted a precise strike in Doha, Qatar’s capital, targeting senior Hamas leaders in an assassination attempt, marking the first Israeli attack on Qatari soil. The strike hit a residential building housing Hamas officials who were discussing a US-backed ceasefire proposal. The attack occurred in a quiet residential neighborhood with foreign embassies in Doha and targeted senior Hamas leaders, including Khalil al-Hayya and Zaher Jabarin. Israel used precise munitions and intelligence to minimize civilian harm. Qatar’s government strongly condemned the attack, calling it a “criminal act” and “blatant violation” of international law and Qatar’s sovereignty. The international community,…
The Nigerian government has introduced a system linking National Identification Numbers (NIN) to citizens’ credit scores. According to Uzoma Nwagba, managing director of the Nigerian Consumer Credit Corporation (CREDICORP), defaulters will face consequences, including difficulties renewing passports, driver’s licenses, or securing housing. The system consolidates credit data from banks, fintechs, and microfinance institutions and incorporates financial and non-financial data to generate comprehensive credit scores for every adult Nigerian. A new scheme, YouthCred, provides structured credit to Nigerian youths, especially National Youth Service Corps (NYSC) members. This initiative is part of the government’s efforts to promote financial discipline and boost economic…