The operational crisis at the NLNG Limited continues to deepen as the outage at its Bonny Island facility drags on, with natural gas supplies plummeting by a staggering 80 percent, according to a new report by Bloomberg. The report noted that the required gas supply has dropped by 80 per cent and only 20 per […]

President Bola Tinubu has described former President Olusegun Obasanjo as an “extraordinary leader and statesman” whose contributions to Nigeria’s development remain indelible. He also said Obasanjo’s regular interventions in national affairs, sometimes controversial have helped shape public policies and put leaders in check. In a birthday tribute on Wednesday to mark Obasanjo’s 88th birthday, Tinubu […]

Despite the 3.2 percent month-on-month dip in the country’s external reserves to $38.46bn at the end of February, the naira strengthened by 8.5 percent month-on-month to 1,490/$ on the parallel market during this period. This year, the local currency has gained 2.69 per cent to 1,499.23/$ at the Nigerian Foreign Exchange Market, though it shed […]

Rivers State Governor, Siminalayi Fubara, has dismissed fears of impeachment following Friday’s Supreme Court judgment recognising the 27 lawmakers loyal to ex-governor Nyesom Wike. In its far-reaching verdict on Friday, the apex court ordered the Federal Government to stop financial allocation to Rivers State until Fubara retraces his steps and presents the budget to the […]

Tensions in Rivers State have escalated as Ijaw groups, including the Ijaw National Congress and the Ijaw Youths Council, issued a strong warning against the impeachment of Governor Siminalayi Fubara. The groups declared their readiness to defend Fubara’s mandate, cautioning that any move to remove him could destabilise the Niger Delta and disrupt oil production […]