OIL PRICE SHOCKER: Global Markets Reel as Brent Crude Surges Amid US Sanctions on Russia
The global oil market was thrown into chaos on Monday as Brent crude prices skyrocketed to $81 per barrel, marking the highest price in over four months. The sudden surge was triggered by the latest US sanctions on Russia’s oil…
RE: GHL Does Not Owe FBN $225M, Moratorium Is in Place Pending Commercial Oil Production
General Hydrocarbons Limited (GHL) has denied owing First Bank of Nigeria (FBN) contrary to media reports (not on this platform) that court had frozen General Hydrocarbons’ accounts over (Alleged) $225.8m debt to the Bank. Clearing the air in a statement…
Nigeria’s Aviation Sector Set for Major Boost as Minister Explores Cutting-Edge Technologies
In a bid to elevate Nigeria’s aviation standards, the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, recently visited HOG Technologies, a global leader in runway de-rubberization equipment, at their headquarters in Stuart, Florida. This landmark visit aimed…
Aviation Perm Sec Extols NAMA’s Commitment To Safety, Efficiency Of Air Travel
The newly appointed Permanent Secretary of the Ministry of Aviation and Aerospace Development Dr. Ibrahim Abubakar Kana has commended the critical role played by the Nigerian Airspace Management Agency (NAMA) in ensuring the safety and efficiency of air navigation in…
Northern Nigeria CSOs Reject Tax Reform Bills, Want VAT Reduced to 3%, Citing Economic Hardship and Marginalization
A recent town hall meeting in Gombe State, attended by policymakers, academics, civil society actors, and concerned citizens, has unequivocally rejected the proposed Tax Reform Bills. The meeting, organized by the Coalition of Northern Groups (CNG) Gombe Chapter, Civil Society…
Governor Oborevwori Mourns Victims of Agbor Tanker Fire Incident, Directs Remedial Action
Delta State Governor, Rt. Hon. Sheriff Oborevwori, has extended his heart-felt condolences to the families of victims of Sunday’s fire incident caused by a fallen diesel tanker in Agbor, Ika South Local Government Area of the state. The diesel tanker…
Alleged Missing N825bn and $2.5bn: CNPP Backs SERAP’s Demand for Transparency and Accountability in NNPC Limited, Insists On Independent Forensic Audit
Conference of Nigeria Political Parties (CNPP), has thrown its behind the demand by the Socio-Economic Rights and Accountability Project (SERAP) for the Nigerian National Petroleum Company Limited (NNPC Limited), a government-owned commercial company, to account for an alleged missing N825…
NNPC Limited Invites Ex-President Obasanjo to Verify Port Harcourt Refinery’s Operational Status
Hours after his revelation that Nigerian National Petroleum Company Limited (NNPC Limited), previously Nigerian National Petroleum Corporation (NNPC), rejected a $750 million offer from Aliko Dangote to manage the Port Harcourt and Kaduna refineries in 2007, the company has extended…
How NNPC Rejected Dangote’s $750 Million Offer to Manage Nigeria’s Refineries, Obasanjo Reveals
In a recent interview with Channels Television, former President Olusegun Obasanjo 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…
Kogi Government To Partner Private Sector To Alleviate Poverty in the State
The Kogi State Government has expressed its readiness to collaborate with the private sector to fight poverty and its attendant consequences for the overall advancement of the state. Governor Ahmed Usman Ododo made the commitment during the DAM Basketball Championship…
CNPP Expresses Mixed Feelings Over President Tinubu’s Financial Disclosure, Calls for Transparency on Crude Oil Sales
The Conference Of Nigeria Political Parties (CNPP) has expressed mixed feelings regarding President Bola Ahmed Tinubu’s recent financial disclosure during his maiden Presidential Media Chat in Lagos. President Tinubu disclosed that his administration has met its financial obligations without resorting…
