By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) is set to inaugurate the construction of five mini-liquefied natural gas (LNG) plants in Kogi State today. The groundbreaking ceremony, scheduled for noon in Ajaokuta, marks a significant step in boosting Nigeria’s economic growth through enhanced gas infrastructure. The five mini-LNG plants—Prime LNG, NGML/Gasnexus LNG,…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd) has uncovered 58 illegal refineries and 19 unauthorized pipeline connections in a sweeping operation across the Niger Delta. In a video documentary released Tuesday on its official YouTube channel, NNPC Ltd reported a total of 159 incidents of oil theft between January 18 and…
By Ayomide Otitoju The Board Chairman of Fidelity Bank Plc, Mustafa Chike-Obi, has been honored with the Lifetime Achievement Award at the THISDAY Awards, recognizing his outstanding leadership and contributions to banking and finance. The prestigious ceremony, held at Eko Hotels & Suites, Victoria Island, Lagos, brought together key figures from Nigeria’s public and private…
By Ayomide Otitoju Access Bank PLC, a subsidiary of Access Holdings PLC, has been named THISDAY Global Bank of the Year for 2024, recognizing its outstanding contributions to the global banking industry. Additionally, Aigboje Aig-Imoukhuede, Chairman of Access Holdings, was honored with the prestigious THISDAY Titan of the Year award for his exceptional impact on…
Nigeria has secured a $1.1 billion loan from the African Development Bank (AfDB) to provide electricity to five million people by the end of 2026, President Bola Tinubu has announced. The President’s remarks were delivered by Minister of Power Adebayo Adelabu at the recently concluded Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania….
A Ukrainian drone attack killed a mother and her two-year-old child in western Russia on Wednesday, local officials reported, as a wave of overnight strikes set an oil refinery ablaze and targeted a nuclear facility. The barrage marks another escalation in the nearly three-year conflict, with both sides intensifying aerial assaults on military and energy…
By Ayomide Otitoju For the first time, Nigeria has been recognized as a partner nation of the BRICS group—comprising Brazil, Russia, India, China, and South Africa—marking a significant milestone in the country’s global economic positioning. This partnership comes at a time when emerging economies are reshaping international trade and economic relations, offering Nigeria a unique…
By Ayomide Otitoju Former Speaker of the House of Representatives, Yakubu Dogara, has disclosed that the Minister of the Federal Capital Territory (FCT), Nyesom Wike, played a crucial role in the emergence of Bala Mohammed as Bauchi State governor in 2019. Dogara made this revelation in an open letter titled “Gov Bala vs HE Wike:…
By Ayomide Otitoju Sterling Bank Limited has petitioned the Inspector-General of Police, Kayode Egbetokun, over alleged attempts by Miden Systems Limited and its director, Dr. Brendan Usoro, to use the National Assembly and the Police Force Criminal Investigation Department (CID) to harass the bank and its executives. In a statement made available to The PUNCH…
