Site of oil spill A fresh oil spill has reportedly occurred in Bodo City, in Gokana Council (Ogoni) of Rivers State. This is coming after multiple crude oil spills recently occurred in the area, as well as in two other communities in Aleto and Eteo, in Eleme Local Council of the state. The latest spill, […]

Dele Alake addresses staff of the Ministry The Minister of Solid Minerals, Dele Alake, has explained the reasons behind his appointment to the Ministry by President Bola Ahmed Tinubu, which stirred controversies. Speaking Monday on the assumption of office at the Ministry, he credited his appointment to his sense of responsibility, expertise and track record, […]

•’Govt not subsidising petrol at current prices’ J.P. Morgan says Nigeria’s headline inflation will continue to trend upwards as policy reforms “feed through” and that it could reach 28 per cent by the end of the year. The American leading investment bank states in its market research document on the Nigerian economy titled, ‘Reform pause […]

President Bola Tinubu and new ministers In a bid to reboot his three-month-long administration, President Bola Tinubu yesterday, charged the 45 newly sworn-in Ministers to prioritise national interests and shun regional or primordial considerations while working towards facilitating the delivery of objectives that underpin the renewed hope agenda of his administration. Speaking shortly after he […]

• Says PDP governors begged Tinubu to appoint allies • Promises to tackle insecurity in FCT, implement master plan • My watchword is transparency, says Keyamo • Journalists shut out as interior minister meets staff • I’m not Minister of Ebonyi, S’East, Umahi affirms With speculations and intense lobbying over, screening by the National Assembly […]

The Chidi Ibeh-led faction of Ohanaeze Ndigbo, yesterday, advised the presidential candidate of Labour Party (LP), Peter Obi, to stand alone or even partner with President Bola Tinubu, rather than align with the Peoples Democratic Party’s (PDP) presidential candidate, Atiku Abubakar, or Rabiu Musa Kwankwaso of New Nigeria Peoples Party (NNPP). Secretary General, Mazi Okechukwu […]

• Separation in gas, petroleum call for anarchy, stakeholders say • Nigeria heading in direction of Venezuela, experts insist • Bassey: Priorities on gas without ministry of environment, renewable disastrous Nigeria’s bleeding oil and gas sector, which is gasping for fresh breath after eight years of former President Muhammadu Buhari’s poor handling, may be heading […]

Financial experts said the recent $3 billion emergency crude repayment loan from the African Export-Import Bank (AFREXIM) may not achieve a meaningful result in easing the pressure in the foreign exchange (FX) market unless appropriate measures are adopted. According to analysts at Cordros Capital, the loan is a favourable short-term fix in providing near-term FX […]

Nigeria’s average daily consumption of Premium Motor Spirit (PMS), popularly called petrol, dropped to 52 million litres in July, as against a national consumption figure of 64,964,000 recorded on June 30, 2023, data obtained from Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has shown. According to the agency, the land-based stock and closing stock […]