By Ayomide Otitoju Troops of the 4 Brigade, Nigerian Army, operating under 2 Division as part of Operation Wabaizigan, have rescued 14 persons abducted by suspected kidnappers along the Lagos–Benin Expressway in Ovia North East Local Government Area of Edo State. According to a statement issued by the Assistant Director, Army Public Relations, 4 Brigade,…
By Ayomide Otitoju The Niger State Government has signed a Memorandum of Understanding (MoU) with the Nigerian National Petroleum Company (NNPC) Limited for the development and implementation of a Gas Master Plan aimed at accelerating industrialisation and economic growth through the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline. The agreement was signed during the AKK and Energy Business…
By Ayomide Otitoju Lagos State Governor, Babajide Sanwo-Olu, on Friday commissioned Nigeria’s first integrated energy hub, developed by the Ibile Oil and Gas Corporation (IOGC), describing the facility as a major milestone in the country’s transition to cleaner, affordable and sustainable energy. Located along the Apapa-Oshodi Expressway, the facility combines multiple energy solutions, including Premium…
By Ayomide Otitoju MTN Nigeria Communications Plc has hosted undergraduate members of the Nigeria Economics Students Association (NESA) from the University of Lagos (UNILAG) and Yaba College of Technology (YABATECH) for a career engagement programme aimed at preparing young professionals for the evolving workplace. The immersive session provided students with firsthand exposure to career opportunities…
By Ayomide Otitoju MTN Nigeria Communications Plc has announced an investment of more than ₦620 billion in digital infrastructure during the first half of 2026, as the telecommunications company continues to expand network capacity, improve coverage and accelerate broadband connectivity across the country. The announcement accompanied the release of the company’s H1 2026 financial results,…
By Ayomide Otitoju MTN Nigeria Communications Plc recorded a 70.6 per cent increase in profit after tax to ₦707.54 billion for the six months ended 30 June 2026, driven by strong revenue growth, improved operational performance and continued investment in sustainability initiatives. The telecommunications giant disclosed in its condensed consolidated financial statements that revenue rose…
By Ayomide Otitoju The Federal Government has dismissed reports of an imminent electricity tariff increase, reaffirming its commitment to improving power supply across the country through ongoing reforms and strategic investments. Minister of Power, Joseph Olasunhanmi Tegbe, made the clarification during a stakeholders’ engagement with industry players and the media in Lagos on Friday, saying…
By Ayomide Otitoju British energy giant Shell has reported a sharp rise in second-quarter earnings, with net profit tripling to $10.8 billion as higher oil prices driven by conflict in the Middle East boosted revenue. In its earnings statement released on Thursday, the company said profit after tax for the April–June 2026 period increased from…
By Ayomide Otitoju Nigerian National Petroleum Company (NNPC) Limited recorded a profit after tax of ₦535 billion in June 2026, representing a 15.8 per cent increase from the ₦462 billion reported in May. The figures were contained in the company’s June 2026 Monthly Financial and Operations Report, which also showed total revenue of ₦4.389 trillion…
