Jos Electricity Distribution Plc (JED) has condemned an attack by officers of the Nigerian Mobile Police Force (MOPOL) on its staff member in Makurdi, Benue State, following the disconnection of power supply to their barracks over an outstanding electricity debt of N112.4 million. In a strongly worded statement released on Sunday, the Head of Corporate…
Hundreds of women and youths from Umuokoroka village in Asa community, Ohaji/Egbema Local Government Area of Imo State, have stormed the streets to protest what they describe as exploitation and exclusion by Waltersmith Petroman Oil Limited. The demonstrators, including elders and children, carried placards reading, “Give us back our land,” “We are humans, give us…
The World Bank has officially announced the appointment of Mathew Verghis as its new Country Director for Nigeria, effective July 1, 2025. Verghis replaces Dr. Ndiame Diop, who has transitioned to a new role within the global financial institution. In a statement released on Friday, the World Bank described Verghis, an Indian national, as a…
The Nigerian Stock Market made a strong comeback on Wednesday, posting a remarkable N378 billion gain after enduring four consecutive sessions of losses. Data from the Nigerian Exchange Limited (NGX) showed that the market capitalization surged by 0.5%, closing at ₦76.179 trillion, compared to ₦75.801 trillion on Tuesday. Similarly, the All-Share Index (ASI) increased by…
In a significant relief for Nigerians, fuel marketers across the country have reduced the pump price of Premium Motor Spirit (PMS), popularly known as petrol, following a cut in ex-depot prices by the Dangote Refinery. The President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, confirmed the development in an exclusive interview…
ABUJA — Nigeria could add over 500 million barrels to its national oil reserves through the full development of existing oil fields, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This major revelation was made by the Commission’s Chief Executive, Engr. Gbenga Komolafe, during a presentation at the NOG Energy Week 2025 in Abuja….
In a significant milestone for Nigeria’s oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced 100% availability on all major crude oil pipelines across the country throughout June 2025. This breakthrough was revealed by the Group Chief Executive Officer (GCEO) of NNPC Ltd., Mr. Bashir Ojulari, during his keynote address…
The Nigerian Presidency has dismissed claims suggesting that President Bola Ahmed Tinubu is vacationing in Saint Lucia, stating instead that the ongoing trip is a historic state visit aimed at deepening diplomatic, cultural, and economic ties with the Caribbean nation and the wider CARICOM community. In a statement released on Sunday, Special Adviser to the…
Gold remains one of the most reliable financial assets for central banks, providing security against currency volatility and global economic uncertainty. In Africa, central banks are increasingly leveraging gold as a strategic monetary asset to stabilize their economies and strengthen investor confidence. According to updated data from the World Gold Council (WGC), here are the…
Abuja, Nigeria – The Nigeria Police Force has announced the successful rescue of 46 trafficked victims and the arrest of seven suspects involved in a cross-border human trafficking and cybercrime network operating between Ghana and Nigeria. According to a statement released on Thursday by Force Public Relations Officer, ACP Muyiwa Adejobi, the operation was carried…
