Hundreds of young Nigerian professionals on Wednesday stormed the United Arab Emirates (UAE) Embassy in Abuja, demanding that the country to deport Mele Kyari, former Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, to answer questions over alleged corruption during his tenure. The protesters, under the aegis of Young Professionals Forum…
Africa’s richest man and industrialist, Alhaji Aliko Dangote, said yesterday he wouldn’t have attempted his $20 billion refinery, if he knew the magnitude of the facility. He also expressed commitment to empowering Nigerian engineers and building local capacity through large-scale industrial projects. Dangote, who stated this while receiving a delegation from Lagos branch of the…
A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday. The global shipping industry has been looking for fuel solutions to cut carbon emissions, with LNG seen as…
BRICS is expanding – but perhaps inevitably, more members mean more opportunities for disagreement, including between African members. This became apparent at the recent BRICS foreign ministers meeting in Rio de Janeiro. Unusually, the gathering failed to issue a consensus communiqué because of objections from the two new African members who joined in 2023 –…
The Socio-Economic Rights and Accountability Project has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Bayo Ojulari, to account for the N500bn which, according to a World Bank report, the NNPCL failed to remit to the Federation Account between October and December 2024. In a Freedom of Information request…
The Chinese Ambassador to Nigeria, Yu Dunhai, has harped on the imperative of enhanced collaboration between China and Nigeria in unlocking the potential of Nigeria’s Solid Minerals sector through the establishment of electric vehicle factories in Nigeria. Ambassador Dunhai disclosed this while paying a courtesy visit to the Minister of Solid Minerals Development, Dr. Dele…
The President and Chief Executive of the Dangote Group, Mr. Aliko Dangote, has visited the Nigerian National Petroleum Company Limited (NNPC) in an apparent move to mend the strained relationship between both companies during the leadership of the erstwhile Group Chief Executive Officer, Mr Mele Kyari. In a message on its X handle, the national…
The Minister of state for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has called for collaboration between Nigeria and Ghana in resolving their common energy issue’s. This, he said could be achieved under the auspices of the African Petroleum Producers Association, APPO, by working together, sharing experiences and providing common solutions to their energy problems in…
The allegation of fraud against the Nigerian National Petroleum Company Limited, NNPCL, has taken a new dimension as the Economic and Financial Crimes Commission (EFCC) is intensifying its investigation into the financial mismanagement, focusing on approximately $2.96 billion allocated for refinery repairs. Several high-ranking former officials, including former Managing Directors of the Port Harcourt, Warri,…
The United States and other countries are interested in the Nigeria-Morocco Gas Pipeline Project The Minister of Finance and the Coordinating Minister for the Economy, Wale Edun made this known while detailing the outcome of the ministry’s bilateral engagement at the just concluded 2025 spring meeting of the lnternational Monetary Fund and World Bank Group…
