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Two persons were reportedly feared dead in a multiple pipeline explosion that blazed through Abule-Egba axis in Lagos. 5

Economy bleeds over $42 billion revenue loss to attacks on pipelines

The constant attacks on critical national assets, especially petroleum product pipelines appears to have defied all solutions, posing a national security threat capable of bringing the nation’s economy to its kneel with a $41.94 billion loss in 10 years.
L-R: Deputy Company Secretary, Dangote Cement Plc, Edward Imoedemhe; Chairman, Dangote Cement Plc, Aliko Dangote; Group Managing Director/CEO, Dangote Cement Plc, Engr. Joseph Makoju; and Non-Executive Director, Dangote Cement Plc, Olakunle Alake at the Dangote Cement Plc Extra-Ordinary General Meeting held in Lagos on Wednesday, January 22, 2020

Dangote Cement praised by shareholders on buyback plans

Desire of the Management of Dangote Cement to ‘buy back’ 10 per cent of its entire issued shares from shareholders was unanimously granted on Wednesday as the company’s shareholders’ voted in support of the ‘share buy back’ plans. Dangote Cement, which currently has 17.04 billion fully paid up ordinary shares of 50 kobo each, would be buying back 1.70 billion shares.
Dr Herbert Wigwe, Managing Director of Access Bank Plc

Access Bank gets final nod to acquire Kenyan Transnational Bank

Access Bank Plc says it has secured final approvals of all relevant regulatory authorities in Kenya for the acquisition of Kenya-based Transnational Bank Plc (TNB).
Nigerian National Petroleum Corporation (NNPC)

Fate of 40,000 applicants unknown as NNPC delays recruitment

Ten months after the Nigerian National Petroleum Corporation (NNPC) commenced a recruitment process to fill up various vacancies across different cadres in the Corporation, the fate of about 40,000 applicants who took part in the 2019 exercise remains unknown, investigations have revealed.

$600 million steel plant to create 3,000 jobs, save forex

The Group Managing Director, African Industries Group, Mr. Alok Gupta, on Thursday said Nigeria will gain a lot from the company’s huge $60 0million steel plant in Kaduna State.
Nigeria President Muhammadu Buhari on Thursday approved the recomposition of the Niger Delta Development Commission (NDDC) board after a forensic audit of the organization.

President Buhari meets NNPC chief as oil prices rise

President Muhammadu Buhari on Wednesday met behind closed doors with the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mela Kyari, at the Presidential Villa, Abuja.

2020: Zenith Bank re-affirms commitment to sports

Zenith Bank Plc has re-instated its commitment to the development of sports in Nigeria with a pledge to maintain its leadership position in this direction.
Mele Kyari,

Escravos gas-to-liquid project to add $2 billion into government coffers – NNPC chief

The Nigerian National Petroleum Corporation (NNPC) and the Chevron Nigeria Limited (CNL) have executed agreements over the multi-billion dollars Escravos Gas-to-Liquid (EGTL) project.
Melee Kyari

Federal government eyes $2 billion yearly from Escravos gas to liquid project

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, yesterday said the Escravos Gas-to-Liquid (EGTL) project is capable of fetching the Federal Government $2billion yearly.
Nigerian National Petroleum Corporation (NNPC)

NNPC, Chevron execute agreements over Escravos gas-to-liquid Ppoject

The Nigerian National Petroleum Corporation (NNPC) and the Chevron Nigeria Limited (CNL) have executed agreements over the multi-billion dollars Escravos Gas-to-Liquid (EGTL) project.

General TY Danjuma: We’re in a big hole as a nation

A former Minister of Defence, Lt. Gen. Theophilus Yakubu Danjuma (retd.) has warned that in Yorubaland, everyone seems to have lost their voice in terms of speaking against “governance collapse.”

Oyo monarch speaks on hate speech bill, insecurity

The Alaafin of Oyo, Lamidi Adeyemi, on Thursday criticised the National Assembly over the re-introduction of the anti-hate speech bill by the Senate.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

Nine former public officers forfeit over N100 billion to federal government

The former public officers who had their funds or assets forfeited to the government include; former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke; former first lady, Patience Jonathan; former Senate President, Bukola Saraki; former governor of Imo State, Rochas Okorocha, his wife, daughter and aide.

Association targets 40 percent local vessel ownership

Petroleum Technology Association of Nigeria has said it will step up efforts to increase indigenous vessel ownership from less than 10 per cent to over 40 per cent.
President Muhammadu Buhari returned to Abuja on Friday after a three-day official visit to South Africa.

President Buhari returns to Abuja after visits to Malabo, Katsina

President Muhammadu Buhari has returned to Abuja after five-day visits to Malabo (Equatorial Guinea), Katsina and Kaduna States.
The Nigerian Guild of Editors, NGE, yesterday, expressed optimism in the ability of the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari to steer the corporation to enviable heights.

NNPC: Oil price volatility threatening Nigerian content development

The Nigerian National Petroleum Corporation, NNPC, yesterday, expressed concern that the persisting volatility in the price of crude oil is putting pressure on the local content initiative of the Federal Government.
Nigerian National Petroleum Corporation (NNPC)

Yuletide: There’s abundant fuel supply – NNPC chief

Those at the meeting included the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; the Minister of Works and Housing, Babatunde Fashola; the Inspector General of Police, Mohammed Adamu; and heads of agencies in oil and gas.
Melee Kyari

FID on NLNG train 7 to be executed in December – NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Malam Mele Kyari, says the Final Investment Decision (FID) for Nigerian Liquefied Natural Gas (NLNG) Train 7 would be executed in December.

Recent Stories

Lassa fever: NMA faults Nigeria’s preparedness for disease outbreaks

The Nigerian Medical Association (NMA) has described the recent outbreak of Lassa fever across the country as a reflection of the abysmally low level of preparedness in handling infectious diseases, especially viral hemorrhagic fever, at all levels of healthcare delivery.
Yoruba World Congress (YWC), an umbrella body of all Yoruba socio-cultural groups, has threatened to hold a peaceful protest in support of the recently launched Western Nigeria Security Network code-named Amotekun.

MURIC: Amotekun should not target any group for victimization

THE Muslim Rights Concern (MURIC) yesterday advised the South-west states Governors that the new security organization code name Amotekun should not lean towards any religion or target any ethnic group for victimization.

PANDEF: Federal government should overhaul security architecture

Pan Niger Delta Forum, the South-South regional group in it’s reaction, said the Federal Government should immediately overhaul the nation’s security architecture and apparatus.
China has sent 450 military medical staff, including professionals who have experience in the fight against SARS or Ebola, to the novel coronavirus hardest-hit city of Wuhan.

China sends medics to Wuhan as coronavirus death toll rises to 80

Hundreds of medics are being sent to help deal with a rising number of cases of the new coronavirus in China’s central metropolis of Wuhan, health authorities said on Monday.

Full list of no-go areas for motorcycles, tricycles in Lagos

The Lagos State Government on Monday banned okada and tricycle riders in six Local Governments, nine Local Council Development Areas, LCDAs, major highways and bridges in the state.