By Ayomide Otitoju Fidelity Bank Plc has reaffirmed its commitment to advancing Nigeria’s oil and gas sector, with a particular focus on supporting indigenous operators. The declaration was made by the bank’s Managing Director and CEO, Dr. Nneka Onyeali-Ikpe, OON, during a first oil presentation for Emadeb Energy at Fidelity Place, the bank’s corporate headquarters…
By Ayomide Otitoju The Inspector General of Police (IGP), Kayode Egbetokun, has arrived in Kebbi State on an official visit as security agencies continue rescue operations for abducted schoolgirls in the region. During the visit, the IGP is scheduled to meet with Governor Nasir Idris and address officers and men of the Nigeria Police Force….
President Donald Trump’s second term has been marked by sweeping protectionist policies, mass deportations, and efforts to dismantle parts of the federal government. Since returning to the White House in January, the Republican president has deployed the National Guard in Democratic-run cities, confronted the media, and rolled back diversity and inclusion programmes. Despite extensive diplomatic…
By Ayomide Otitoju The BBC on Monday officially opened applications for a new Director General following the resignation of Tim Davie, who stepped down earlier this month after a misleading edit of former U.S. President Donald Trump triggered a diplomatic row. The broadcaster had apologised for the inaccurate edit, which appeared to show Trump urging…
By Ayomide Otitoju The Nigerian Electricity Regulatory Commission (NERC) says only 5,506 megawatts (MW) of the country’s 13,625MW installed generation capacity was made available to consumers in October, representing a 40% plant availability rate. According to the newly released factsheet, the month’s performance—driven by the top 10 energy producers, including Egbin, Delta, Kainji, Shiroro, Okpai,…
By Ayomide Otitoju Dangote Industries has entered into a partnership with Honeywell to support its plan to double the capacity of the Dangote Refinery to 1.4 million barrels per day (bpd) by 2028. According to a Reuters report citing both companies, the agreement will enable the refinery to process a wider range of crude grades…
By Ayomide Otitoju Oyo State Governor Seyi Makinde has presented a ₦891.9 billion budget proposal for the 2026 fiscal year to the Oyo State House of Assembly, marking his seventh budget submission since taking office. Speaking during the presentation, Governor Makinde said the budget is designed to consolidate the state’s accelerated development agenda. The proposed…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of N5.4 trillion on a revenue of N45.1 trillion for 2024, marking a 64% increase from the N3.3 trillion PAT recorded in 2023. Bashir Ojulari, Group Chief Executive Officer, disclosed the results on Monday in Abuja while…
By Ayomide Otitoju The South African National Petroleum Company (SANPC) has entered the second stage of its establishment process as it advances toward full operational status, according to Nazeem Braaf, Executive in the Office of the CEO. Speaking at the G20 Africa Energy Investment Forum, hosted by the African Energy Chamber, Braaf said SANPC plans…
