●As Kyari promises project will be ready 1st Qtr 2025 The Federal Government has highlighted the huge multiplier impact of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project on the nation’s economic growth and industrialisation. This was made known during the visit of three cabinet Ministers to the AKK Gas Pipeline Project Site where they inspected the…
A journalist with Atar Communication, owners of Liberty TV/Radio, was reportedly found dead on Wednesday in Abuja, five days after he was declared missing. Joel Waksi, an On-Air Personality (OAP) in the media outfit, was said to have left office around 9pm on Friday and was expected to report back to duty by 2pm the…
The Spokesperson of Coalition of Opposition Lawmakers in the House of Representatives, known as the G-60 has frowned at the silence of opposition governors and leaders especially Peoples Democratic Party, PDP, Governors on the ongoing crisis in Rivers and Kano States. Ugochinyere in a statement said “it’s surprising to him that Opposition Governors are yet…
On Thursday, Nigeria’s Nigerian National Petroleum Company Limited (60 percent) and TotalEnergies (40 percent), the operator of Oil Mining Lease 58 onshore license in Nigeria, signed a $550 million Final Investment Decision for the development of the Ubeta gas field. Located about 80 km northwest of Port Harcourt in Rivers State, the OML 58 licence…
Ali Bello, the governor of Kogi State’s chief of staff, and Dauda Sulaiman, his co-defendant, will face amended money laundering charges in their trial, which was postponed until July 15 by Federal High Court Judge James Omotosho on Thursday. The charge was instituted by the Economic and Financial Crimes Commission. The defendant, who is a…
The $550 million final investment decision for the Ubeta Field Development Project has been announced by the NNPC-TotalEnergies JV, which is a significant step towards increasing Nigeria’s oil and gas production. This milestone, according to NNPC aligns with President Bola Tinubu’s Presidential Executive Order on Oil and Gas Reforms, designed to improve the investment climate…
Following the Central Bank of Nigeria’s March mandate on recapitalization, Fidelity Bank Plc became the first bank to go public on Thursday when it began its N127.10 billion rights issuance and public offer. Fidelity Bank on Thursday commenced its public offer of 10 billion ordinary shares of 50 kobo each at N9.75 per share and…
The Federal High Court in Lagos, which met on Thursday, scheduled a second hearing for June 27, 2024, regarding the contempt case that Guaranty Trust Bank Plc filed against the directors of AFEX Exchange Commodities Limited for a loan of N17.81 billion. Justice Chukwujekwu Aneke who presided over the court fixed the date after hearing…
The Debt Management Office (DMO) says Nigeria’s total public debt stock hit N121.67 trillion (91.46 billion dollars) in March. The Director-General of the DMO, Patience Oniha, made this known in a statement on Friday in Abuja. Oniha said that the debt stock comprised the total external and domestic debts of the Federal Government, the 36…
