Author: Adejuyigbe Adegoke

Europe’s gas market is once again under pressure. Supply chain fragility—heightened by disruptions in the Strait of Hormuz and the continent’s ongoing pivot away from Russian gas—has exposed structural vulnerabilities in global LNG flows. Spot prices are rising, competition for cargoes is intensifying, and buyers are increasingly prioritising flexibility and speed of delivery. In this environment, Africa is no longer a peripheral supplier—it is becoming central to the solution. Floating LNG Changes the Timeline Floating liquefied natural gas (FLNG), technology is redefining how quickly gas can reach global markets. By placing liquefaction facilities on offshore vessels, FLNG eliminates the need…

The Supreme Court of Nigeria has affirmed the authority of the Asset Management Corporation of Nigeria (AMCON), to sell the Lagos Continental Hotel in Victoria Island, Lagos, bringing to an end a prolonged legal dispute involving financial institutions and corporate entities. The ruling validates AMCON’s statutory powers to dispose of mortgaged assets acquired from non-performing loans and reinforces the legal framework governing debt recovery in Nigeria’s banking sector. The apex court’s decision confirmed the sale of the hotel to 11 Hospitality Plc for ₦22 billion and overturned an earlier judgment by the Court of Appeal that had favoured the debtor,…

The Federal Government of Nigeria has alleged that an embattled mining firm, Jupiter Ltd, is planning a deliberate campaign to discredit Nigeria during the forthcoming state visit of President Bola Ahmed Tinubu to the United Kingdom. According to the government, the alleged campaign is aimed at spreading misinformation about developments in Nigeria’s mining sector following the revocation of certain mineral licences linked to the company. Officials claim that the effort is intended to undermine the reforms currently being implemented in the solid minerals sector and to damage Nigeria’s reputation in the international community. Government’s Allegations The allegations were disclosed on…

FBNQuest has been appointed as Transaction Advisor for Project BRIDGE, a landmark $2 billion national broadband initiative aimed at expanding Nigeria’s fibre-optic infrastructure and strengthening nationwide digital connectivity. The initiative is being led by the Federal Ministry of Communications, Innovation & Digital Economy under the leadership of the Honourable Minister, Bosun Tijani. Project BRIDGE represents a major step toward accelerating Nigeria’s digital transformation and enabling inclusive economic growth through enhanced digital infrastructure. FBNQuest’s appointment reflects its strong expertise in financial advisory, infrastructure project structuring, and capital mobilisation, positioning the firm to support the successful delivery of one of Nigeria’s most…

President Bola Ahmed Tinubu has pledged to examine tariffs on newspaper and broadcasting materials to empower the media sector to fulfill its constitutional role effectively. The commitment came during a meeting at the State House with leaders from the Nigeria Press Organisation (NPO), Newspaper Proprietors Association of Nigeria (NPAN), Broadcasting Organisation of Nigeria (BON), Nigeria Guild of Editors, and Nigeria Union of Journalists. Commending Media Contributions: The President praised media owners, editors, and journalists for keeping citizens informed, educating the public, and providing livelihoods for thousands of Nigerians. Leadership and Tough Decisions: Emphasizing the responsibilities of leadership, President Tinubu reflected…

The Nigeria Data Protection Commission (NDPC), has issued a strong warning to social media content creators across Nigeria, urging them to respect citizens’ privacy rights when producing and sharing digital content. The caution comes amid growing concerns about the increasing trend of recording and publishing videos or images of unsuspecting individuals in public spaces without their consent. According to the commission, such actions may constitute violations of Nigeria’s data protection and privacy laws, potentially exposing offenders to legal consequences, including sanctions and criminal prosecution. Rising Concerns Over Unauthorised Filming In recent years, Nigeria’s digital ecosystem has witnessed a surge in…

The Federal Government of Nigeria has approved a total of ₦4 billion as take-off grants for two newly established tertiary institutions: Bola Ahmed Tinubu Federal Polytechnic in Abuja and the Federal University of Science and Technology, Epe, Lagos State. Each institution will receive ₦2 billion naira to support their initial operations and institutional development. The announcement was made by the Minister of Education, Tunji Alausa, during the inauguration of principal officers appointed to lead the institutions. The grants are part of the Federal Government’s strategy to expand access to higher education, strengthen Nigeria’s capacity in science and technology, and promote national…

The Central Bank of Nigeria (CBN), has introduced a new regulatory directive aimed at strengthening credit discipline in Nigeria’s banking sector. Under the policy, borrowers who default on large loans will be denied access to additional credit facilities and certain banking services. The directive forms part of the apex bank’s broader effort to reduce non-performing loans (NPLs), and protect the stability of the financial system. The circular was issued to all deposit money banks and other financial institutions, mandating strict enforcement of restrictions against borrowers whose loans have been classified as non-performing. Background of the Directive Nigeria’s banking industry has…

The Nigerian downstream petroleum sector has witnessed a significant development as the Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited (NNPCL), implement substantial reductions in petrol pump prices. These adjustments, coming amid fluctuating global crude oil prices and increasing pressure on domestic consumers, signal a notable shift in the pricing dynamics of Nigeria’s fuel market. Dangote Refinery’s aggressive price cut has prompted swift responses from NNPCL and other marketers, highlighting the growing influence of local refining capacity on nationwide fuel costs. This report examines the details of these price adjustments, their immediate impact on consumers, and the broader…

Abuja, Nigeria — In a decisive move that will reshape the political dynamics in Sokoto State and beyond, Senator Aminu Waziri Tambuwal, CFR, representing Sokoto South Senatorial District, has officially resigned from the Peoples Democratic Party (PDP). Persistent Party Divisions Prompt Exit Leadership Disagreements Undermine Unity In his formal resignation letter, Senator Tambuwal highlighted persistent internal crises and leadership conflicts within the PDP as the driving forces behind his departure. He noted that these issues have eroded the party’s unity and hindered his ability to effectively serve and participate in its activities. Political Stalwart Ready for New Horizons From Speaker…

Sachet water, popularly known as “pure water,” is one of the most affordable and widely consumed sources of drinking water in Nigeria. It plays a crucial role in providing safe and accessible water to millions of Nigerians, especially in urban areas where access to potable water is limited. However, in recent years, sachet water producers across the country have repeatedly increased the price of the product due to rising production costs and economic challenges. These increases have sparked concern among consumers and stakeholders, as sachet water remains an essential daily commodity. Background of Sachet Water Production in Nigeria The sachet…

Two-time heavyweight world champion, Anthony Joshua, has officially announced plans to relocate his primary residence from the United Kingdom to the United Arab Emirates (UAE), with Dubai becoming his new base. The decision, confirmed through corporate and residency filings tied to his business interests, marks a significant shift in the personal and professional life of one of boxing’s most recognisable global stars. Joshua, a British-Nigerian athlete who rose to fame after winning a gold medal at the 2012 Summer Olympics in London, has built an extensive career as a heavyweight champion and commercial powerhouse. His relocation reflects broader trends among…