Sunday, May 11, 2025
https://www.youtube.com/watch?v=CV3B-amFPVw Nigerian Government has spent $16 billion and failed to deliver these projects. a country abundant in natural resources and human capital, has long been plagued by the phenomenon of abandoned projects. Despite ambitious plans and substantial investments, many initiatives have been left incomplete, leading to significant financial losses and […]
Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused the International Oil Companies (IOCs) in Nigeria of plotting to cripple its operations. Edwin said the IOCs are deliberately frustrating the refinery’s efforts to buy local crude by jerking up the high premium price above the […]
Nigeria has recorded a commercial transaction of raw gold sales at the London Bullion Market Association, the Minister of Solid Minerals Development, Dele Alake disclosed on Sunday. He said the sales have delivered a $5m increase in Nigeria’s foreign reserves, 70 plus kilograms of gold refined to the London Bullion Market […]
The delivery date for the completion of the $700m Obiafu-Obrikom-Oben gas pipeline project, popularly called OB3, has been shifted from March 2024 to August, as the Nigerian National Petroleum Company Limited announced its readiness to complete the facility. On February 28, 2024, The PUNCH reported that the Federal Government had […]
Virgin Atlantic has fired a female pilot First Officer Danica Theuma who found a way to work for two airlines at once, without the other airline knowing about it. Specifically, the pilot reportedly worked for both KM Malta Airlines and Virgin Atlantic at the same time (with the former being […]
The Confederation of African Football (CAF) has announced the new dates for the 2025 Africa Cup of Nations (AFCON), which will be held in Morocco. CAF President Patrice Motsepe confirmed that the tournament will run from December 21, 2025, to January 18, 2026. “I am confident that the CAF AFCON Morocco 2025 will […]
Nigerian energy firm Aiteo has resumed production after stopping an oil leak at its nearly 50,000 barrels per day (bpd) Nembe field earlier this week in southern Bayelsa state, the company said. Aiteo, which runs a joint venture with state oil company NNPC Ltd, had said the leak was reported […]
In two months, Nigerians will begin utilising the services of the proposed three-in-one identity card, the National Identity Management Commission has confirmed. It said the single multipurpose card combining multiple functions of identity, financial and social services will be made available to citizens across the country by August this year. A […]
Nigeria’s monthly inflation rate has slowed for the third consecutive month, indicating the effectiveness of the Central Bank of Nigeria’s monetary policy tightening measures. The CBN highlighted this in a statement shared with Journalists on Saturday. According to the National Bureau of Statistics, the headline month-on-month inflation rate decreased to 2.14 […]
The Federal High Court in Lagos has ordered the permanent forfeiture of properties worth over N11.14 billion and N1.04 billion belonging to the former Central Bank of Nigeria Governor, Godwin Emefiele to the Federal Government. Justice Chukwujekwu Aneke issued the final forfeiture order after considering a motion filed by the […]