Oil theft: NSCDC Operatives Comb Rivers, Arrest Three The Nigeria Security and Civil Defence Corps (NSCDC) operatives continued to comb the Niger Delta region using the Commandant General’s Special Intelligence Squad to effect the arrest of three suspects for vandalism of oil pipeline and oil theft. The suspects also engaged in illegal dealings in petroleum…
NMCC Receives Complaint from FG against Daily Trust Newspaper The National Media Complaints Commission (NMCC), also known as the Ombudsman, has received a formal complaint from the Federal Government against the Daily Trust newspaper. The complaint alleges that the newspaper published an article on July 4, 2024, containing false and misleading information that severely threatens…
House of Reps Committee on Population and NIMC Hold Retreat on Identity Management The National Identity Management Commission (NIMC) and the members of the House of Representatives Committee on National Population recently held a retreat focused on “Identity Management and Legislative Oversight.” The retreat aimed to foster collaboration and strengthen the working relationship between the…
FG to Spend $21 Million on Meter Installation in 187 Niger Delta Crude Oil Flow Stations The Federal Executive Council (FEC) has approved a $21 million project to install meters at all 187 crude oil flow stations in the Niger Delta. The initiative aims to ensure accurate accounting of the country’s crude oil production using…
Nigeria Reaches Oil Supply Deal, Ending Dispute with Producers The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has struck a deal with oil producers to allow the sale of crude to domestic refiners at market prices, effectively ending a supply dispute that had strained relations with international oil companies. This agreement comes as a significant relief,…
President Tinubu Appoints Dantsoho as NPA Managing Director President Bola Tinubu has appointed Abubakar Dantsoho as new Managing Director of Nigerian Ports Authority (NPA) and he replaces Mohammed Bello-Koko. Bello-Koko was appointed by President Muhammadu Buhari in May 2021 as acting MD and his appointment was confirmed in February 2022. This is contained in a…
Shell Nigeria MD, Okunbor, honoured for exemplary leadership The Managing Director of the Shell Petroleum Development Company of Nigeria Limited, and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, was on Thursday night recognised for his “Invaluable contributions to the Nigerian energy sector and his service to humanity.” Osagie received the Award for Exemplary Leadership and…
Access Bank Targets Top 20 Positions in UK, $1bn Profit by 2027 Access Bank, the largest bank in sub-Saharan Africa by customer base, has revealed its ambitious plans to elevate its UK subsidiary, Access Bank UK, into the top 20 banks in the United Kingdom by 2027, targeting an annual profit of $1 billion. This…
NUPRC, OPTS Agree on Sustainable Crude Oil Supply Structure for Dangote and Local Refineries In a strategic move to secure adequate crude oil supply for Nigerian refineries, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a collaborative agreement with oil producers. This agreement, established during a crucial meeting called by NUPRC, aims to create…
Access Holdings’ Shareholders Pledge Overwhelming Support for Rights Issue Shareholders of Access Holdings PLC have expressed overwhelming confidence in the company’s growth strategy and pledged their support for the ongoing N351 billion rights issue. This, they did, at the recent “Facts Behind the Rights Issue” presentation held at the Nigerian Exchange (NGX) office in Lagos….