The Nigerian Navy has uncovered three suspected illegal refining sites, six reservoirs and about 99,000 litres of products suspected to be stolen crude oil and illegally refined Automotive Gas Oil (AGO) in separate operations. Director of Naval Information, Navy Captain Abiodun Folorunsho, disclosed this in a statement on Wednesday, saying the discoveries were made by…
By Ayomide Otitoju The Minister of Power, Joseph Tegbe, has said Africa is central to global energy security, urging stronger partnerships to harness the continent’s vast energy and mineral resources. Tegbe made the remarks on Tuesday in a keynote address at the opening plenary of the 50th edition of the Middle East Energy 2026 Leadership…
By Ayomide Otitoju Prince Chris Odinaka Igwe, Officer of the Order of the Federal Republic, is a Nigerian entrepreneur and businessman who serves as the Managing Director and Chief Executive Officer of Mainland Oil and Gas Company Limited and Chairman of Chrisnak Groups Limited. He is also a recipient of the Officer of the Order…
By Ayomide Otitoju The Central Bank of Nigeria (CBN) is set to return to the domestic debt market in September with a N700 billion Treasury Bills (T-bills) auction as part of ongoing efforts to manage liquidity in the financial system. The auction, being conducted on behalf of the Debt Management Office (DMO), will feature 91-day,…
By Ayomide Otitoju The African Continental Free Trade Area (AfCFTA) should be treated as both an economic and cultural project, Nigeria’s Consul General in South Africa, Ambassador Ninikanwa Okey-Uche, has said. Okey-Uche made the remarks on Monday in Johannesburg, urging African countries to use film, music, literature, fashion and other creative industries to strengthen continental…
By Ayomide Otitoju MTN Group Chairman Mcebisi Jonas has urged African countries to leverage the continent’s vast mineral resources and growing consumer market to strengthen their position as global economic and political power shifts towards a more multipolar order. Jonas said Africa has a significant opportunity to increase its influence in the global economy because…
By Ayomide Otitoju President Bola Tinubu has directed the rollout of an additional 500 Compressed Natural Gas (CNG) refuelling stations across Nigeria as part of efforts to reduce transportation costs following the removal of the petrol subsidy. Tinubu issued the directive on Thursday after meeting with state governors, who he said had agreed to take…
By Ayomide Otitoju Ibom Air has dismissed claims that it exercises a monopoly over operations at Victor Attah International Airport, Uyo, or prevents other airlines from operating from the facility. The clarification followed reports alleging that the airline dominates the Uyo-Abuja and Uyo-Lagos routes. In a statement issued on Sunday, Ibom Airlines Limited said it…
By Ayomide Otitoju Lagos State Governor Babajide Sanwo-Olu has said Africa’s investment future will be determined largely by the strength of its cities, where infrastructure, businesses and economic opportunities are created. Sanwo-Olu spoke on Saturday while delivering a keynote address at a dinner in Washington DC after receiving the 2026 Global Transformation and Good Governance…
