In a sweeping reconstitution of the Nigerian National Petroleum Company Limited board, President Bola Tinubu has removed the chairman, Pius Akinyelure and the Group Chief Executive Officer, Mele Kyari. Consequently,
Nigeria’s Net Foreign Exchange Reserves rose significantly to $23.11bn at the end of 2024, marking the highest level in over three years, according to the Central Bank of Nigeria. In
Russian President Vladimir Putin has authorised the conscription of 160,000 additional troops into the military, marking the largest such call-up in over a decade, Kyiv Independent reports on Monday. The
Breakaway Alliance of Sahel States (AES) – Mali, Niger Republic and Burkina Faso – widened the gulf between them and the Economic Community of West African States (ECOWAS) member nations yesterday. They
There are indications that the naira-for-crude policy of the Federal Government may continue, as impeccable insider sources familiar with the development insisted on Monday that all parties involved in the
The World Bank is set to approve fresh loans totalling $632m to Nigeria today (Monday) amid mounting concerns over the country’s rising debt profile, The PUNCH reports. The loans are
Eminent Nigerians, including President Bola Tinubu, the leadership of the National Assembly, governors, the Sultan of Sokoto, Alhaji Sa’ad Abubakar, among others, have preached unity and called for prayers as
The Nigerian Content Development and Monitoring Board, on Wednesday, announced that local content in the petroleum industry has now reached 56 per cent, with ongoing reviews likely to further enhance
The Federal Government yesterday placed the blame for the declaration of a state of emergency firmly on the doorsteps of suspended Rivers State Governor Siminalayi Fubara. Attorney-General of the Federation
The Federal Government has deployed 10,000 Nigeria Security and Civil Defence Corps personnel to curb further attacks on oil pipelines against the backdrop of the blasts at oil installations in
