RFA Lyme Bay, a UK Royal Fleet Auxiliary (RFA) vessel, has arrived in Premiere Port (Apapa Quays) Lagos, Nigeria, as part of a Defence Engagement programme across West African partner nations. The visit is part of the maritime co-operation agreed under the UK-Nigeria Security and Defence Partnership in February 2024. While in Nigeria, Lyme Bay,…
State-run oil firm, the Nigerian National Petroleum Corporation Ltd (NNPCL) has said the search for the ill-fated helicopter it hired to convey its officials was still ongoing. It said, aside the three bodies initially recovered, no other bodies had been found. ” The NNPC Ltd. wishes to announce that beyond the three bodies found in…
Internet service provider, Starlink has announced the reversal of its recent service fee increase in Nigeria. This decision comes as a welcome relief to Nigerians who have been eagerly awaiting affordable internet solutions. The world’s leading provider of satellite launch services, in a statement said: “Last month, we increased the monthly service price for Starlink…
No fewer than three corpses have been recovered in a helicopter crash engaged by Nigeria’s state-run oil company, Nigerian National Petroleum Corporation Limited (NNPCL) while efforts are in top gears to recover rescue five others involved in the mishap. A statement endorsed by Chief Corporate Communications Officer at NNPC Ltd, the Olufemi Soneye, explained that…
Founder and Chair, Mo Ibrahim Foundation, Mo Ibrahim, has identified escalating conflicts and deepening mistrust in democratic institutions and values as threats to African progress in economic and social development, as well as the advancements which the continent is yet to achieve. He made the comments in his reaction to the release of 2024 Ibrahim…
AFRICA’s richest oil giant, Nigeria, has suffered some 105 power grid collapses over the last 10 years with no solution to end the recurring decimal in sight, according to industry body, the Lagos Chamber of Commerce and Industry (LCCI). After a series of reforms in the power sector that led to the sale of the…
Nigeria’s Foreign Direct Investment (FDI) for the second quarter of 2024 has dropped to $29.83 million, marking the lowest level recorded based on available data up to 2013. This is according to data from the latest capital importation report by the National Bureau of Statistics (NBS). The FDI figure represents a steep decline of 65.33per…
Oil major, Shell, has named a new Managing Director for its deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Limited (SNEPCo.) He is Ronald Adams, formerly Chief Executive Officer of Atlantic LNG, Trinidad and Tobago. He takes over from Elohor Aiboni who proceeds on international assignment to Brunei Shell Petroleum (BSP) as Asset…
Total number of Nigerians in need of food assistance could dip to 12.99 million next March from the current 17.99 million, according to Famine Early Warning Systems Network (FEWS NET), a United States Agency for International Development (USAID)-funded activity. It is a leading provider of early warning and analysis on acute food insecurity. The use…
