On Wednesday, August 14, in Malabo, President Bola Tinubu of Nigeria and President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea signed a landmark agreement that could reshape the energy dynamics of West Africa. The agreement, centered on the Gulf of Guinea Pipeline Project, covers legislative and regulatory frameworks, the establishment and operation of the pipeline,…
Former President Olusegun Obasanjo has raised alarms about potential efforts to undermine the Dangote Petroleum Refinery. Speaking on the matter, Obasanjo suggested that entrenched interests benefiting from Nigeria’s lucrative fuel importation business may seek to frustrate the refinery’s operations. Alhaji Aliko Dangote, the President of the Dangote Group, had earlier accused certain ‘mafias’ of attempting…
Illegal refineries in Nigeria pose a severe threat to both human lives and the environment. According to reports by The PUNCH, from 2021 to 2023, at least 204 individuals lost their lives in explosions at these illicit sites. Workers at these locations often lack proper training and safety equipment, making them particularly vulnerable to accidents….
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has announced that the country’s external reserves have increased to $36.89 billion as of July 16, 2024. This represents a significant rise from the $33.22 billion recorded at the end of December 2023. Cardoso attributed the growth to receipts from crude oil related taxes and…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPCL), Mele Kyari, has announced that the Port Harcourt Refinery will commence operations by August this year. This development is part of a broader initiative by the national oil company to revitalize Nigeria’s refining capacity and reduce dependency on imported petroleum products. Kyari…
Illegal refineries in Nigeria have become a significant national issue, comparable to illicit drugs, child labor, and baby factories. Despite ongoing efforts by the government and local communities to crack down on these operations, they continue to proliferate, particularly in the oil-rich Niger Delta region. The presence of these unauthorized refineries poses severe environmental and…
The Nigerian Air Force (NAF) has successfully executed precision air strikes on terrorists’ hideouts in Niger State, targeting the enclaves of notorious terrorist kingpin Mallam Umar and several other commanders. This operation, conducted in the Alawa Forest area of Shiroro, was meticulously planned based on extensive intelligence surveillance and reconnaissance. The targeted terrorists had been…
The Economic and Financial Crimes Commission (EFCC) has made a major breakthrough, with the apprehension of 34 suspected currency speculators in Abuja. The arrests were made by EFCC operatives deployed to the Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice, underscoring the agency’s relentless efforts to curb financial crimes across the nation….
In a recent town hall meeting with the business community at the Bristol Hotel in Kano, the Minister of Information and National Orientation, Mohammed Idris, shed light on President Tinubu’s vision for fostering a conducive environment for businesses to flourish. With an emphasis on streamlining regulations, providing investment incentives, ensuring robust infrastructure, and enacting policies…
In a surprising turn of events, a group of fervent young supporters of President Tinubu made their presence felt at the National Assembly, vehemently opposing the planned protests by the Nigerian Labour Congress (NLC). This display of fervor underscored the deep-seated divisions within the populace regarding the current state of affairs and the appropriate means…
