Author: Adejuyigbe Adegoke

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…

In the wake of recent U.S. airstrikes targeting Islamic State (ISIS/ISIL), militants in northwest Nigeria, the United States has resumed intelligence, surveillance, and reconnaissance (ISR), flights over Nigeria’s territory — a clear sign of deepening military cooperation between Washington and Abuja amid rising extremism in the region. What Happened in Sokoto? On December 25–26, 2025, the United States conducted precision airstrikes on alleged ISIS camps in Sokoto State, near Nigeria’s border with Niger. The strikes, which used Tomahawk missiles and possibly other precision munitions, were announced by U.S. President, Donald Trump and confirmed by Nigerian authorities. According to Nigerian and…

Nigeria’s landmark tax reforms will go into effect on January 1, 2026, as scheduled, despite recent public concerns and calls for postponement, Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has reiterated. The statement followed a high-level meeting between Oyedele and President Bola Ahmed Tinubu in Lagos, where progress on the implementation of the reforms was reviewed. Oyedele’s remarks come amid ongoing discussions over amendments to the recently gazetted tax laws and heightened public interest in how the new regime will affect workers, businesses and the wider economy. Why the Rollout Will Proceed Addressing journalists…

The Federal Government of Nigeria has confirmed that recent United States airstrikes on terrorist targets in the North West were carried out as a result of structured security cooperation and intelligence collaboration between Nigeria and its international partners. In a statement issued by the Ministry of Foreign Affairs, the government said Nigerian authorities remain actively engaged with international partners, including the United States of America, to address the persistent threat of terrorism and violent extremism. This cooperation, the ministry said, has resulted in precision airstrikes against identified terrorist targets in parts of north-western Nigeria. Intelligence Sharing and Strategic Coordination According…

United States President, Donald Trump has announced that American forces carried out “numerous” deadly airstrikes against Islamic State (ISIS), terrorists in northwestern Nigeria, warning that further attacks would follow if militants continued killing Christians. The strikes, conducted on Christmas Day, targeted ISIS elements operating in Sokoto State, according to U.S. Africa Command, and were carried out in coordination with Nigerian authorities. Trump’s Announcement Trump revealed the operation in a series of posts on his Truth Social platform on Thursday, stating that the action was taken under his authority as Commander in Chief. “Tonight, at my direction as Commander in Chief,…

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has taken a decisive step toward strengthening private-sector participation in Nigeria’s digital economy with the appointment of Ambassador Olusegun H. Olugbile, MCPN, FNCS, as its Digital Economy Coordinator. The appointment, which becomes effective January 1, 2026, underscores NACCIMA’s renewed commitment to positioning Nigerian businesses for competitiveness in an increasingly technology-driven global marketplace. Driving NACCIMA’s Digital Vision As Digital Economy Coordinator, Ambassador Olugbile will be responsible for coordinating and driving NACCIMA’s digital economy strategy, aligning technology adoption across its vast network of chambers, and supporting digital innovation among member…