CNPP Welcomes Removal of Mele Kyari, NNPCL Board Members, Hails President Tinubu, Reiterates Demand for Company’s Forensic Audit
Conference of Nigeria Political Parties (CNPP) has welcomed a move expected to be a significant development aimed at reforming Nigeria’s oil industry, commending President Bola Ahmed Tinubu for his decisive action in relieving Mele Kyari of his duties as the…
How Nigerian Electricity Consumers Paid ₦509bn in Four Months Despite Grid Collapses
In the face of recurring power outages, Nigerian electricity consumers contributed a substantial ₦509.84 billion to the revenue of power distribution companies (DisCos) in the fourth quarter of 2024. Despite enduring three total and two partial grid collapses during the…
Four Owerri-Ahoada Towers’ Collapse And Harsh Reality of Power Infrastructure Vandalism in Nigeria
In an all-too-familiar recurrence, the lifeline of Nigeria’s electricity transmission network has been dealt a catastrophic blow. Four transmission towers along the Owerri-Ahoada 132kV Double Circuit line collapsed on the evening of Tuesday, 11th March, following confirmed acts of vandalism….
Global Oil Price Surges as US Imposes Latest Sanctions on Russia
The global oil market witnessed a significant surge on Monday, with Brent crude rising above $81 per barrel, as the latest US sanctions on Russia’s oil industry took effect. This development comes after oil marketers in India and China scrambled…
General Hydrocarbons Limited Denies Owing First Bank of Nigeria $225 Million
In a recent statement, General Hydrocarbons Limited (GHL) has vehemently denied allegations of owing First Bank of Nigeria (FBN) $225 million. The statement, signed by Abdelmuizz Bello, Director of Strategy & Operations at GHL, provides a detailed breakdown of the…
Northern CSOs, Stakeholders, Reject Tax Reform Bills, Demand Relocation of All Bank Headquarters to Abuja
A town hall meeting convened by the Coalition of Northern Groups (CNG) Gombe State Chapter, in collaboration with Civil Society Organizations (CSOs) and critical stakeholders, has vehemently rejected the proposed Tax Reform Bills. The meeting, held at Gombe State University…
TCN Announces Planned Power Outage, Embarks on Tower Relocation Project
The Transmission Company of Nigeria (TCN) has announced a planned power outage in parts of the Federal Capital Territory (FCT) due to the relocation of eight 132kV and 33kV towers along the Kukwaba/Apo 132kV line. The relocation is necessitated by…
Obasanjo Gets NNPC Limited’s Invitation After Revealing How NNPC Rejected Dangote’s $750m Offer to Manage Nigeria’s Refineries
Former Nigeria’s President Olusegun Obasanjo has revealed that the Nigerian National Petroleum Corporation (NNPC), now Nigerian National Petroleum Company Limited (NNPC Limited) rejected a $750 million offer from Aliko Dangote to manage the Port Harcourt and Kaduna refineries in 2007….
Nigeria Customs Service Revamps Enforcement Strategy for 2025, Dissolves Joint Border Patrol Team
The Nigeria Customs Service (NCS) has unveiled its revamped 2025 Enforcement Strategy, aimed at strengthening border management, combating smuggling, and facilitating legitimate trade. According to the Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, in a statement signed on his behalf…
Lagos-Calabar Coastal Highway Project to Cost over Planned Enhanced Security and Aesthetic Features – Minister
There indications that the Lagos-Calabar Coastal Highway project, spanning 750 kilometers, may cost more as the project is set to receive significant upgrades aimed at improving both security and aesthetics. The project was initially to cost N4 billion per kilometre…
