President Bola Tinubu’s decision to sack Mele Kyari and other board members of the Nigerian National Petroleum Company Limited stems from mounting concern over performance and a failure to meet key production targets, Presidency officials have disclosed. In an abrupt move on Wednesday, Tinubu removed Kyari, who had been atContinue Reading
Wednesday’s overhaul of Nigeria’s state-run oil company NNPCL did not come as a surprise to keen observers who have vociferously pressed for reforms in the upstream and downstream sectors after the epochal birthing of the Petroleum Industry Act (PIA) 2021, and the subsequent commercialisation of the state-run oil company inContinue Reading
Filling stations in Lagos, Nigeria’s commercial capital city, have increased the price of a litre of petrol from ₦860 to ₦930, making consumers pay at least ₦70 more than what it used to cost them to buy a litre of the premium commodity days ago. The price increase has alsoContinue Reading
The Nigeria Security and Civil Defence Corps (NSCDC) have impounded 70,000 litres of stolen crude oil in Eleme axis of Portharcourt, Rivers State. The stolen crude oil was impounded by the Special Intelligence Squad, established by the Commandant General of the NSCDC, Dr Ahmed Audi. A statement from the PublicContinue Reading
The Healthcare Federation of Nigeria (HFN) has hailed the Federal Government for the two-year import duty and VAT waiver on pharmaceutical raw materials. The policy aimed to reduce the cost of essential medical products, boost local manufacturing, and improve healthcare accessibility across the country. In a statement on Monday, HFNContinue Reading
On behalf of the Nigerian Maritime Administration and Safety Agency (NIMASA), I extend my warmest greetings to the Muslim community in Nigeria and across the maritime sector as we celebrate Eid-Al-Fitr. This joyous occasion marks the end of Ramadan, a period of reflection, sacrifice, and spiritual renewal. It is aContinue Reading
Petrol marketers across the Lagos metropolis at the weekend raised the pump price of the commodity to between N925 per litre and N935 per litre. This is in response to the increase in the landing cost of petrol, the stoppage by Dangote Refinery of the sales of the commodity inContinue Reading
The West African Container Terminal located in Onne River State has concluded plans to increase its tariff with effect from April 1, 2025. WACT announced this in a notice sighted by Frontline Reporters on Sunday. The terminal stated that it has got the necessary approvals from relevant agencies to adjustContinue Reading
•14 arrested as Gov suspends security corps boss, illegal vigilante groups The Chief of Defence Staff, General Christopher Musa, on Sunday, strongly condemned the killing of 16 hunters in Edo State, vowing that the perpetrators will be brought to justice. The CDS pledged, as the Edo State government said, thatContinue Reading
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, Frontline reports. The loans are to support critical areas, including nutrition improvement and quality basic education. Information obtained from the World Bank’s website on Sunday showedContinue Reading