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NNPCL Surrenders: No Solution to Oil Theft Despite Navy Protection and Substantial Security Payments to Former Militant Tompolo
Despite investing N48 billion per year in a private security firm, the Nigerian National Petroleum Company Ltd. (NNPCL) admitted its inability to combat rampant oil theft in the country.
Mele Kyari, the CEO, disclosed this during an oversight visit by the House of Representatives. Kyari cited...
MainOne, a West African digital infrastructure service provider, anticipates that repairing its undersea submarine cables may take one to two weeks following major cuts to undersea cables on Thursday, causing internet disruptions across the continent.
The cable cuts affected the operations of...
The most recent data released by the National Bureau of Statistics (NBS) highlights a concerning increase in headline inflation, soaring to 31.70% in February. This significant surge, disclosed on Friday afternoon, represents a notable jump from the 29.90% recorded just the previous month...
A series of major submarine cable cuts in the Red Sea on Thursday sent shockwaves through the digital infrastructure of several African nations, resulting in widespread internet disruptions in Nigeria, Ghana, Cote d’Ivoire, Liberia, and parts of South Africa.
The affected submarine cable...
Mele Kyari, the head of the Nigerian National Petroleum Corporation (NNPC), made a significant announcement regarding Nigeria's energy future. Speaking at an event in Abuja, Kyari declared that Nigeria would cease importing petrol by the end of the year. This bold move is part of a larger...
Nigeria has emerged as Africa's leading importer of refined petrol, with shipments from Europe on the rise due to increased crude oil deliveries from the Middle East to Europe following the E.U.'s ban on Russian oil.
Analysts at S&P Global Commodity Insights highlighted this trend, noting that...
Amidst ongoing efforts by the federal government to bolster Nigeria's oil production, recent data reveals a concerning downturn. According to the Organisation of Petroleum Exporting Countries (OPEC) March Monthly Oil Market Report (MOMR), Nigeria's oil output, excluding condensate, experienced a...
President Bola Tinubu has appointed Dr. Temitope Ilori as the new Director-General of the National Agency for the Control of AIDS (NACA), making her the first woman to hold this prestigious position. This landmark announcement, made on February 22, 2024, signifies a significant shift in...
Aigboje Aig-Imoukhuede, the newly appointed Non-Executive Chairman of Access Holdings Plc, pledges to honor the legacy of the late Herbert Wigwe and ensure the realization of their shared vision.
Following Wigwe's tragic passing in a helicopter crash in February, Aig-Imoukhuede assumes his new...
The Federal Government of Nigeria and the Organization of the Petroleum Exporting Countries (OPEC) find themselves in disagreement regarding Nigeria's crude oil production levels. While Wale Edun, Nigeria's Minister of Finance, asserts that the country's daily oil output has surged to 1.65...
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