The Nigerian Content Development and Monitoriong Board (NCDMB), and Nigerian Export Import Bank (NEXIM) have distributed about $42million loans to Small and Medium Enterprises (SMEs) to boost local participation in the oil and gas industry. The Head, Specialized Business at NEXIM, Muhammed Z. Awami, made the disclosure during a panel session at the NCDMB stakeholders’…
In a statement, Benjamin Hundeyin, force spokesperson, said the police suspended the enforcement of the policy out of consideration for Nigerians and the Nigerian Bar Association (NBA). Despite a court order asking for a suspension of the policy, Hundeyin insisted that “no clear” court order stopped the enforcement of the tinted glass permit policy. The…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled a comprehensive Gas Development Roadmap aimed at unlocking over 55 trillion cubic feet of uncommitted gas reserves and attracting billions of dollars in new investments across Nigeria’s gas value chain. According to the Commission, the initiative has already attracted about $4.9 billion in capital expenditure (CAPEX)…
Eko Electricity Distribution Company (EKEDC) has announced a major restructuring of its operations with the creation of a new subsidiary, Excel Electricity Distribution Company Limited, which will exclusively handle power distribution across Lagos State. In a statement, the General Manager, Corporate Affairs, Mr. Babatunde Lasaki, said the establishment of the new subsidiary was in full…
The Transmission Company of Nigeria announced a four-day blackout in Lekki, Ikoyi, Jakande, and surrounding parts of Lagos State. TCN’s spokesperson, Ndidi Mbah disclosed this in a statement on X on Wednesday. The outage, which is expected to take effect on October 11, 12, 18, and 19, 2025, would last for eight hours daily. According…
The BRICS plan to replace the US dollar gained serious momentum when Russia hosted the 2025 Moscow Financial Forum and announced a dedicated precious metals exchange. This platform allows countries to settle payments in gold, platinum, diamonds, and also rare earth minerals, bypassing Western systems like the London Metal Exchange and SWIFT entirely. The BRICS…
The Palace of the Oba of Benin has rejected the introduction of the “Iyaloja” title into Edo State’s market system. The Palace said the Iyaloja title is alien to Benin culture and potentially disruptive to peace and tradition. This was disclosed in a statement issued by the Benin Traditional Council (BTC) and authorized by His…
This growth will be driven by a major upgrade of our exploration and production services, enhanced execution capacity, and the acquisition of seven brand-new rigs to accelerate and improve production efficiency, Leste Aihevba, Chief Technical Officer, Asharami Energy, a Sahara Group Upstream Company said. Aihevba made this disclosure while addressing investors and stakeholders during a…
Following weeks of speculation, Professor Mahmood Yakubu has officially stepped down as the Chairman of the Independent National Electoral Commission (INEC). The announcement was made on Tuesday during a meeting with Resident Electoral Commissioners (RECs) at the INEC headquarters in Abuja. Yakubu handed over to a National Commissioner of the commission, May Agbamuche-Mbu, who stepped…
The Federal Road Safety Corps (FRSC) is set to launch an enhanced and upgraded system for the processing of driver’s licences and vehicle number plates to ensure effective and efficient service delivery nationwide. The FRSC Corps Marshal, Malam Shehu Mohammed, made this known in Abuja while addressing staff and stakeholders during the 2025 Customer Service…
