Author: Adejuyigbe Adegoke

Nigeria’s oil production performance in November 2025 has taken a noticeable downturn, with total crude and condensate output dropping to 1.599 million barrels per day (bpd). This represents a 5.9 percent year-on-year decline from the 1.698 million bpd recorded in November 2024, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Production Details and Context The NUPRC’s December 2025 Crude Oil and Condensate Production Report shows that the nation’s daily average output in November was 1,599,054 bpd, which includes 1,436,005 bpd of crude oil and 163,049 bpd of condensate. During the month, production fluctuated between a low of 1.54 million…

Falana Draws the Line Renowned human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has issued a strong warning to the Federal Government over its planned implementation of newly enacted tax laws, insisting that the reforms cannot legally take effect until serious controversies surrounding them are resolved. Speaking to journalists in his hometown of Ilawe-Ekiti on Wednesday, Falana made it clear that unresolved legal questions threaten to derail the reforms before they even begin. Alleged Insertions Raise Red Flags At the heart of Falana’s concern are allegations of unauthorised insertions into the tax laws. According to him, these…

From January 1, 2026, banks and financial institutions in Nigeria will begin charging senders a N50 stamp duty on electronic money transfers of N10,000 and above, a move that is set to affect millions of Nigerians who use digital banking services for daily transactions. What Is the Stamp Duty? The charge is a one‑off fee of N50 applied to every electronic transfer or receipt of funds of N10,000 or more between accounts. This is part of the revised tax rules under the Nigeria Tax Act (NTA) 2025, and it replaces the existing Electronic Money Transfer Levy (EMTL). Previously, the N50…

In a significant development for Nigeria’s legal system, President Bola Ahmed Tinubu has approved the appointment of Senior Advocate of Nigeria (SAN), Rotimi Iseoluwa Oyedepo as the new Director of Public Prosecutions (DPP), in the Federal Ministry of Justice. The appointment comes with the official transfer of Oyedepo’s service from the Economic and Financial Crimes Commission (EFCC), to the mainstream Federal Civil Service, highlighting the government’s intention to strengthen internal prosecutorial capacity. A letter dated December 23, signed by Omolabake Mafe on behalf of the Chairman of the Federal Civil Service Commission (FCSC), stated that Oyedepo’s appointment was made “in…

The Federal Government has dismissed as outright fiction, a document circulating online that alleges a secret plot to clamp down on opposition figures ahead of the 2027 elections. Labelled ADP4VIP—short for Arrest, Detain, Prosecute for Very Important Persons—the document claims a covert, multi-agency task force has been set up to target political opponents. The government says the story is entirely made up. “No Such Programme Exists” In unequivocal terms, the Tinubu administration said there is no programme called ADP4VIP and no clandestine task force involving the EFCC, ICPC, NFIU or the Office of the National Security Adviser. Officials described the…

In a major corporate development shaking Nigeria’s energy sector, billionaire investor, Femi Otedola, has stepped down as Chairman of Geregu Power Plc, triggering a significant leadership and ownership transition at one of our national most capitalised power generation companies. The change follows a strategic restructuring of the company’s majority shareholding, effectively transferring control from Mr. Otedola’s entities to a new investor, MA’AM Energy Limited. The shift marks a pivotal moment for Geregu Power — a key player in Nigeria’s electricity market — and signals the end of Otedola’s more than decade-long dominance in the business. Ownership Restructuring and Transaction Details…

In a tragic incident that has shaken Nigeria’s media community, seven journalists lost their lives in a road accident on Monday along the Yola–Kumo road after Billiri axis in Gombe State. Four others sustained injuries in the crash. The victims, several of whom were staff members of the Nigerian Television Authority (NTA), Gombe, were returning from the wedding ceremony of a colleague held in Billiri Local Government Area when the accident occurred. Preliminary reports indicate that the crash was caused by a burst tyre on the bus conveying the journalists. Victims of the Accident The journalists and staff members who…

President Bola Ahmed Tinubu has provided a detailed update on the condition of Nigerian-British heavyweight boxing champion, Anthony Joshua, following a road accident on the Lagos–Ibadan Expressway on Monday. The update was disclosed in a statement issued by the President’s spokesperson, Bayo Onanuga, confirming that President Tinubu personally spoke with the boxer and his mother via telephone after the incident. “He Is Receiving the Best Care” — Tinubu According to the statement, President Tinubu said Anthony Joshua assured him that he is receiving the best possible medical treatment in Nigeria. “I spoke with AJ on the phone to personally convey…

Security Goals May Be Clear, But Dangers Lurk The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), has described reported United States military strikes and efforts to weaken insurgents as understandable but risky, stressing that security-driven actions can easily spiral into wider instability if not carefully managed. According to the association, no country can be faulted for seeking to protect its citizens and interests. However, military force, especially when deployed beyond national borders, carries consequences that often stretch far beyond the intended targets. Why the US Actions Are “Understandable” A retired Nigerian military officer, Captain Abdullahi Bakoji, who is also…

With just four days to go before the implementation of Nigeria’s most sweeping tax overhaul in decades, the nation’s socioeconomic landscape is heating up with diverging reactions. Set to take effect from January 1, 2026, the newly enacted tax reform laws have drawn applause from some quarters and intense criticism from others — particularly organised labour and small business operators. The Reform at a Glance The tax reform package — consisting of four major laws: the Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act — was signed into law…

As domestic airfares surged across Nigeria during the peak holiday travel season, a public dispute has erupted between the Nigerian Civil Aviation Authority (NCAA), and Air Peace’s Chairman and CEO, Allen Onyema, over the causes of the price increases. Tax or Market forces? Government Dismisses Tax Blame In a statement released on social media, NCAA’s Director of Public Affairs and Consumer Protection, Michael Achimugu, categorically rejected claims circulating that high domestic airfares are driven by multiple government taxes. According to the regulator, there is no evidence that airlines are paying the 18 different taxes being alleged in public discourse, and…

NEM Insurance Plc, one of Nigeria’s most enduring general insurance institutions, continues to demonstrate why experience, discipline, and adaptability remain critical in today’s financial services landscape. Established in 1948, the company has spent more than seven decades building credibility through consistent performance and reliable risk management. Decades of Experience Backed by Institutional Strength With a legacy spanning over 75 years, NEM Insurance Plc has become synonymous with stability and trust. Its longevity reflects prudent governance, sound underwriting practices, and a deep understanding of Nigeria’s evolving risk environment. Comprehensive Coverage Across Key Economic Sectors NEM Insurance offers a wide spectrum of…