Richard Adeolu Adejumobi

Nigeria, U.S. Launch Counter-Terrorism Working Group in Abuja

Nigeria and the United States have launched a new counter-terrorism working group to strengthen bilateral security cooperation and improve protection for vulnerable communities across the country. The initiative was inaugurated in Abuja on Friday by senior security officials from both sides, including Nigeria’s National Security Adviser Nuhu Ribadu and senior representatives of the United States […]

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Shell to Commit $20bn Investment in Nigeria, Says NNPC Chief

NNPC Group Chief Executive Officer Bayo Ojulari says Shell Plc has committed to invest $20 billion in Nigeria over the next few years. Ojulari made the disclosure on Thursday after a courtesy visit by Shell’s delegation to the State House in Abuja. He described the commitment as a significant boost for Nigeria’s energy sector and

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Fayose Claims Makinde ‘Lacked Courage’ During Meeting with President

Former Ekiti State Governor Ayo Fayose has stirred controversy after alleging that Oyo State Governor Seyi Makinde appeared reluctant to meet the President alone during a visit to the Presidential Villa, enlisting the Plateau State Governor for political cover. In a statement titled “Untold Story of What Happened in the Villa,” Fayose claimed the encounter

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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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