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The Nigerian National Petroleum Company NNPC Limited has shown in their latest data that no fewer than 36 oil blocks are under concession to international oil companies operating in Nigeria and their indigenous counterparts in the country. An analysis of NNPCL’s latest Consolidated and Separate Financial Statements for the Period Ended December 31, 2022, indicated that the eight blocks are located in deepwater, five blocks are continental shelves, fifteen blocks […]

President Bola Tinubu yesterday said a few people stole Nigeria’s commonwealth under the guise of subsidy in the last 40 years, lamenting that Nigerians are suffering the pains of the loot. The President during his speech at the second-term inauguration of Governor Hope Uzodinma of Imo State in Owerri said he is well-attuned to the concerns of citizens, assuring them that the challenges brought on by the very essential reforms […]

A former Minister of Communication and Digital Economy Isa Ali Pantami has accused the Nigerian Police Force and other security agencies of refusing to use the NIN-SIM policy to fight insecurity in the country. Pantami who was responding to a question from an X user who wondered why so much money was spent on the policy and yet insecurity has remained unabated, said the application of the policy has been […]

Recent reports have brought to light the long-awaited initiation of operations at the PORT HARCOURT Refining Company (PHRC) Limited, a facility boasting a substantial combined capacity of 210,000 barrels per day. This news marks a significant milestone in the realm of oil production and refining. A video circulating online has captured a crucial moment: the refinery's flare, a telltale sign denoting the commencement of oil refining processes. This visual confirmation […]

President BOLA TINUBU has announced a 50% cut in the fares charges by commercial buses on inter-state routes during the Yuletide. Minister of Solid Minerals, DELE ALAKE who announced the development today, noted that all train routes are free beginning from Thursday December 21st 2023 to 4th January 2024. He also explained that air transportation was exempted as it was for privileged individuals, stressing that the initiative was a presidential […]