Nigeria’s energy company, Oando PLC, is poised to significantly enhance the country’s oil reserves and production capacity following its landmark $783 million acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni. Recently recognized in South Africa as the “Deal of the Year,” this acquisition is set to boost Oando’s oil reserves…

SOME foreign digital companies operating in Nigeria, including Google, Microsoft, and TikTok paid a total of N2.55 trillion (N1.5 billion) in taxes in the first half of this year. This was revealed by the National Information Technology Development Agency (NITDA). NITDA’s Director of Corporate Communications & Media Relations, Mrs. Hadiza Umar, relying on data from…

"Bro, I can't wait for my first dead body," wrote an 11-year-old boy on Instagram in Sweden, where gangs recruit children too young to be prosecuted as contract killers on chat apps. "Stay motivated, it'll come," answered his 19-year-old contact. He went on to offer the child 150,000 kronor ($13,680) to carry out a murder,…

Preparatory to the 2025 budget presentation by President Bola Tinubu before the joint session of the National Assembly, the Senate, yesterday, approved the 2025-2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), earlier submitted by the President.

The Nigerian Electricity Regulatory Commission (NERC) said the country’s metering gap remains significant despite the installation of 3.03 million meters since the privatisation of the sector in 2013.