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…
Matawalle Says Tinubu’s Tax Reforms Key to Nigeria’s Economic Revival, Urges Unity
Nigeria’s Minister of State for Defence, Dr. Bello Muhammad Matawalle, has praised President Bola Ahmed Tinubu for his robust economic policies and reforms, which are yielding significant positive results for the nation. According to Matawalle, these initiatives are contributing to…
Tinubu Invites French Investors to Explore Nigeria’s Growing Economy
President Bola Ahmed Tinubu has extended an invitation to French investors, assuring them that Nigeria is open for business. During a joint briefing with French President Emmanuel Macron at the Elysee Palace, Tinubu emphasized his administration’s commitment to creating a…
Governor Zulum Criticizes Tinubu’s Tax Reforms Bill, Urges Reconsideration
Governor Babagana Umara Zulum of Borno State has voiced strong opposition to the tax reform bills, warning they will set back the northern region of Nigeria.The bills, introduced to the National Assembly by President Bola Ahmed Tinubu in September, have…
