By Ayomide Otitoju Preparations for the launch of the African Energy Bank (AEB) have reached the final stage, with key legal and governance frameworks now in place and capital mobilisation efforts recording promising responses, Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, announced over the weekend. AEB, headquartered in Abuja, is being established…
By Ayomide Otitoju British Prime Minister Keir Starmer is set to sign a new agreement with the European Union on Monday, marking a major step toward redefining UK-EU relations nearly five years after Brexit. Downing Street announced on Saturday that the deal aims to lay the foundation for a “forward-looking partnership” between the UK and…
By Ayomide Otitoju Crude oil prices edged lower on Monday, pressured by concerns over global economic stability following a U.S. credit downgrade and weaker-than-expected industrial data from China. Brent crude futures for front-month delivery fell 37 cents, or 0.57%, to $65.04 per barrel as of 7:00 a.m. WAT. U.S. West Texas Intermediate (WTI) dropped 26…
By Ayomide Otitoju President Bola Ahmed Tinubu has called on Nigerians to embrace the nation’s diversity as a strength for national unity and development, urging citizens and leaders to turn differences into opportunities for progress. Speaking in Rome on Sunday during a meeting with members of the Catholic Bishops’ Conference of Nigeria (CBCN), Tinubu emphasized…
By Ayomide Otitoju United Bank for Africa (UBA) Plc has approached the Federal High Court in Lagos, seeking to be joined as a defendant in a legal tussle over the contested sale of the Ibadan Electricity Distribution Company (IBEDC). The suit, marked FHC/L/CS/418/2025, was instituted by 86 Gardens Limited against Archlight Nigeria Limited, Abiodun Jamiu…
By Ayomide Otitoju The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has stated that its members currently rely solely on the Dangote Petroleum Refinery for the supply of Premium Motor Spirit (PMS), citing limited local production from the Nigerian National Petroleum Company Limited’s (NNPC) refineries. In an interview on Sunday, Olufemi Adewole, Executive…
By Ayomide Otitoju Top executives of the Nigerian National Petroleum Company Limited (NNPC Ltd) have embarked on inspection visits to the Kaduna Refining and Petrochemical Company and the Port Harcourt Refining Company to assess ongoing rehabilitation efforts and operational status. The visits were led by Mumuni Dagazau, Executive Vice President (Downstream), and Udy Ntia, Executive…
By Ayomide Otitoju Keystone Bank Limited has officially reopened its fully refurbished branch at Plot 584, Ikorodu Road, Ketu, Lagos, in a move aimed at enhancing customer experience and strengthening its presence in one of Lagos’ key commercial corridors. The reopening ceremony, held on Friday, drew a notable crowd including business owners, market leaders, community…
By Ayomide Otitoju The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone A, Ikeja, has intercepted seven 20-foot containers loaded with contraband goods valued at ₦1.5 billion within Lagos State. Customs Area Controller, Comptroller Mohammed Shuaibu, made the disclosure on Friday while presenting the seized items to journalists. He stated that the seizures were…
