By Ayomide Otitoju Nigeria’s new low-sulphur crude oil grade, Utapate, has seen its daily average production rise to 32,000 barrels per day, according to a report from the Federal Government. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed that 996,070 barrels of Utapate were produced in August, a significant increase from the 754,222 barrels produced…
By Ayomide Otitoju First City Monument Bank (FCMB), in partnership with the Tulsi Chanrai Foundation, has successfully restored the vision of approximately 150,000 visually impaired Nigerians in Kebbi State through its “Priceless Gift of Sight” initiative. Launched in 2009, the program provides free eye tests, optical services, and surgeries across all 21 local government areas…
By Ayomide Otitoju A truck bearing the logo of the Nigerian National Petroleum Company (NNPC) Limited has been impounded by security operatives in the Niger Delta for transporting stolen crude oil. This comes amid intensified efforts by security agencies to combat oil theft in the region. The vehicle, along with several others, was intercepted over…
Lotus Bank Limited has been rocked by an insider fraud scandal involving over N336 million. Abdulkarim Arome Mohammed, a staff member in the bank’s Financial Control Department, allegedly exploited his system privileges to defraud the bank of N336,993,863.35. This revelation comes just two months after the bank reportedly lost N1.13 billion in a separate fraudulent…
By Ayomide Otitoju The Airtel Africa Foundation has announced the launch of the prestigious ‘Airtel Africa Fellowship Program’ for undergraduate students at the Indian Institute of Technology Madras (IITM) Zanzibar, the first international campus established by an IIT. This fellowship aims to support students from diverse socio-economic backgrounds pursuing a Bachelor of Science in Data…
By Ayomide Otitoju In a world where sustainability is increasingly crucial to economic growth, the concept of a circular economy has emerged as a vital solution to urban challenges. Unlike the traditional ‘take, make, dispose’ model, the circular economy emphasizes resource reuse, waste minimization, and maintaining the value of materials for as long as possible….
By Ayomide Otitoju At the 6th National Day of Identity, Airtel Nigeria’s Chief Executive Officer, Carl Cruz, emphasized the critical role of Digital Public Infrastructure (DPI) in providing access to essential services for millions of Nigerians. The event, organized by the National Identity Management Commission (NIMC), was themed “Digital Public Infrastructure: Enabling Access to Services”…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) and TotalEnergies have officially launched a $550 million upstream gas project for the development of the Ubeta field, the Presidency revealed on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, made the announcement during the inaugural U.S.-Nigeria Strategic Energy Dialogue, hosted by the…
The Federation Accounts Allocation Committee (FAAC) has shared a total of ₦1.203 trillion in August 2024 revenue among the Federal Government, states, and local government councils. The distribution was announced during the September 2024 FAAC meeting held in Abuja and chaired by Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. In…
