Richard Adeolu Adejumobi

Nigeria to Launch First Floating Solar Plant at UNILAG

Nigeria is set to develop its first floating solar power installation under a new 7MW renewable energy project awarded by the Rural Electrification Agency (REA) to China Civil Engineering Construction Corporation (CCECC). The project, located on the lagoon waters surrounding the University of Lagos (UNILAG), aims to deliver reliable and clean electricity to one of […]

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Villa Drama as Makinde Meets President Amid PDP Power Rift

Fresh intrigue gripped Abuja on Thursday following Governor Seyi Makinde’s private visit to the Presidential Villa, in what sources described as a politically charged encounter tied to the widening rivalry between the Oyo State Governor and Federal Capital Territory Minister, Nyesom Wike. Insiders told TMN that Makinde arrived at the Villa with the Plateau State

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France Seizes Russian Oil Tanker in Mediterranean Sanctions Operation

France intercepted and boarded an oil tanker linked to Russia on Thursday, citing violations of international sanctions and suspected falsification of maritime identity documents. President Emmanuel Macron confirmed the operation, saying the vessel was seized on the high seas in the Mediterranean with support from allied navies. He stressed that the action was conducted in

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Equities Mixed as Market Cap Slips, ETPs Outperform

Nigeria’s financial markets closed mixed on Thursday with equities easing slightly, fixed income marginally higher, and Exchange-Traded Products (ETPs) delivering the strongest performance of the day. Equity capitalization declined by 0.52 percent to ₦105.88 trillion, despite the benchmark All-Share Index firming to 166,256.83 points. Fixed income instruments advanced by 0.09 percent to ₦51.63 trillion, while

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EFCC Links Banks, Fintechs to N18.7bn Fraud in Airline Discount, Investment Schemes

The Economic and Financial Crimes Commission (EFCC) has accused a new generation bank and six Fintech and microfinance institutions of enabling fraudsters to move a combined N18.7 billion in two major scams targeting both Nigerians and foreign travelers. Speaking in Abuja on Thursday, January 22, 2026, the EFCC’s Director of Public Affairs, Commander CE Wilson

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What Putin’s $1bn Pledge Means for Trump’s Peace Board and the Future of Conflict Mediation

When Russian President Vladimir Putin announced Moscow’s readiness to commit $1 billion to U.S. President Donald Trump’s proposed “Board of Peace,” many observers dismissed it as yet another headline in the theatre of great-power diplomacy. It is more than that. The pledge, drawn from frozen Russian assets and attached to conditions linked to a possible

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Nigeria Prioritises Domestic Capital, Signals Reduced Reliance on External Borrowing

Nigeria’s Finance Minister, Wale Edun, says the federal government intends to intensify domestic resource mobilisation and reduce dependence on external borrowing as part of its current fiscal strategy. In an interview with Bloomberg Television at the World Economic Forum in Davos on Tuesday, Edun said that while Nigeria retains access to international bond markets, the

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U.S. Under Secretary Hooker Begins Diplomatic Tour in Nigeria, Gulf States and Italy

United States Under Secretary of State for Political Affairs Allison Hooker has embarked on a nine-day diplomatic mission spanning Nigeria, Oman, Bahrain, and Italy from January 21–29. Hooker’s first stop is Abuja, where she is leading the U.S. delegation at the U.S.–Nigeria Joint Working Group. Discussions will center on protection of Christian communities, counter-terrorism cooperation,

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The UN at the Brink: America First, Rising Revisionism, and the Return of Power Politics

The League of Nations did not disintegrate overnight. It decayed as major powers abandoned collective security and returned to the raw calculus of coercion. The United Nations, built in 1945 to correct that failure, appeared more resilient. It survived ideological confrontation during the Cold War, enabled decolonization, and furnished global governance with humanitarian and development

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