Third Explosion in a Week: Rivers State Oil Facilities Under Siege Amid Emergency Rule
Barely a week after a catastrophic explosion rocked the Trans Niger Pipeline in Bodo, Gokana Local Government Area of Rivers State, another devastating blast has struck the Soku oil facility in Akuku Toru Local Government Area. This marks the third…
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….
FG Moves to Revitalize Nigeria’s Steel Sector Through Strategic International Partnerships
Nigeria’s Federal Government has taken a significant step towards transforming the country’s steel sector through a strategic partnership with development partners and international donor agencies. The Ministry of Steel Development initiated this collaboration to unlock the sector’s full potential, drive…
Nigerian Electricity Regulator Moves to End Power Theft, Spells Out Penalties
In a bold move to curb illegal access to electricity supply in the country, the Nigerian Electricity Regulatory Commission (NERC) has increased the penalty for customers tampering or bypassing their electricity meters. The industry regulator ordered a publication stating that…
Peter Obi Draws Inspiration from Indonesia’s Transformation
Labour Party’s presidential candidate in Nigeria’s 2023 general elections, Peter Obi, has concluded a visit to Indonesia, where he gained valuable insights into the country’s governance strategies and development initiatives. Obi’s meetings with top government officials, including Agung Laksono, former…
‘Nigerian Businesses Get Digital Superpower Through Atusbulk’
The business landscape in Nigeria is witnessing a major shift as Atusbulk launches its game-changing communication platform in Abuja, tackling head-on the messaging headaches that have plagued Nigerian businesses for years. Speaking at the launch event in Abuja yesterday, The…
Judge Adjourns for Ruling in Mareva Suit between First Bank Nigeria and General Hydrocarbons Limited and Several Others
A Mareva injunction suit involving First Bank Nigeria, General Hydrocarbons Limited, and several others took a new turn on Friday, January 17, 2025, as Dr. Abiodun Layonu SAN moved to set aside the injunction and other punitive ex parte orders…
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…
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…
