Rent crisis forces young workers back to childhood bedrooms
Many young professionals in Nigeria are moving back into their childhood homes as high rents and stagnant wages make independent living unaffordable. Segun Abiodun, 30, earns N300,000 a month in Lagos but has only N60,000 left after expenses, far short of the N1.5 million needed for a one-bedroom apartment. The trend highlights the growing housing crunch in urban Nigeria, forcing many to delay independence and household formation.
Over 100 senior lawyers face corruption trials, EFCC boss reveals
At least 100 senior lawyers in Nigeria are currently under prosecution for corruption-related offences, the Economic and Financial Crimes Commission (EFCC) has revealed. EFCC Chairman Ola Olukoyede disclosed on Thursday while speaking at the second annual lecture of the Body of Benchers, which brought together top legal professionals and key stakeholders in the justice sector.
Olukoyede stressed that the commission is committed to holding all individuals accountable, regardless of status, and emphasised that no one is above the law. The announcement underscores growing public concern over integrity in the legal profession and highlights the EFCC’s intensified efforts to pursue high-profile corruption cases.
Oil nears biggest weekly gain since 2020 as Brent hits $87/ barrel
Crude oil prices surged this week toward their largest gain in nearly six years, with Brent futures hitting $87 a barrel, as escalating military tensions involving the United States, Israel, and Iran disrupted shipping through the Strait of Hormuz, a key route for roughly 20 percent of the world’s seaborne oil.
Brent crude rose as much as 2.1 percent to $87.12 in London, marking a five-day rally that lifted the global benchmark more than 19 percent from last Friday’s $72.87 close. U.S. West Texas Intermediate also climbed above $82 a barrel, its highest level since mid-2024.
Wakama names D’Tigress squad for FIBA Women’s World Cup qualifiers
D’Tigress head coach Rena Wakama has revealed her 12-player squad for the 2026 FIBA Women’s World Cup Qualifiers in Villeurbanne, France, where Nigeria will take on France, the Philippines, Colombia, Germany, and South Korea. She has retained the core players who powered D’Tigress to continental dominance, aiming to bring that same strength to the global stage.
EFCC witness tells court $2m recovered from Emefiele’s lawyer
A prosecution witness on Thursday told the Federal Capital Territory (FCT) High Court that $2 million was recovered from a lawyer connected to Godwin Emefiele, the former Governor of the Central Bank of Nigeria, as part of ongoing investigations into alleged financial crimes. David Jaiyeoba, an operative of the Economic and Financial Crimes Commission (EFCC), revealed that the cash was seized from Collins Omeife, who is linked to Emefiele.
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
