By Olakunle Oke President Bola Ahmed Tinubu has announced the successful resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245, paving the way for significant new investment in Nigeria’s deepwater oil sector. The agreement, reached between the Federal Government of Nigeria, Eni and Nigerian Agip Exploration Limited (NAEL), was unveiled during a meeting…
By Seun Ibiyemi The Senate Committee on Public Accounts has summoned former Mele Kyari, ex-Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), and his management team over alleged financial discrepancies totaling N210 trillion. The committee’s chairman, Ahmed Wadada, disclosed the development at a press briefing in Abuja on Thursday, stating that…
Agege Local Government in Lagos State has partnered with Sterling Bank to deploy a digital identification system aimed at reforming revenue administration and modernising council operations. The announcement was made on Thursday by the council’s Chairman, Abdul-Ganiyu Obasa, following a meeting with Sterling Bank’s Southwest Regional Business Manager, Abiola Bawuah, at the council secretariat. Obasa…
By Seun Ibiyemi The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Thursday paid a courtesy visit to the Olubadan of Ibadanland, Rashidi Adewolu Ladoja, at the monarch’s palace in Ibadan, Oyo State. The visit provided an opportunity for the minister to pay homage to the revered traditional ruler and elder statesman while holding…
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies in the country to refund a total of N20.33 billion to customers for meters purchased under the Meter Asset Provider Framework. The commission said the directive, which took effect from March 1, 2026, followed a regulatory review that revealed many Electricity…
By Seun Ibiyemi No fewer than 20 people, including 14 soldiers, were killed following coordinated attacks by suspected terrorists on military bases in Gwoza Local Government Area of Borno State on Tuesday night. Sources said the attackers, believed to be members of the Islamic State West Africa Province (ISWAP), launched separate assaults on army formations…
By Adeyemi David A 32-year-old Uber driver, Godswill Amfor, was on Thursday arraigned before an Ogudu Magistrates’ Court in Lagos for allegedly stealing a Toyota Camry valued at N7 million. Amfor, who resides in the Mende area of Maryland, Lagos, is facing a charge of stealing. The prosecutor, ASP Donjour Perezi, told the court that…
By Seun Ibiyemi The Managing Director of Ecobank Nigeria, Mr. Bolaji Lawal, has reaffirmed the bank’s commitment to strengthening Nigeria’s creative economy by providing inclusive platforms that connect artists with markets, investors and global audiences. Lawal made this known at the opening of the third edition of the +234 Art Fair 2026, themed “Inclusivity”, held…
By Seun Ibiyemi The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has pledged enhanced collaboration with the Nigerian Railway Corporation (NRC) to reinforce transparency, accountability, and integrity across the nation’s railway sector. The assurance was given by Mr. Alexander Chukwumah, Resident Anti-Corruption Commissioner (RAAC), Lagos Office, during a courtesy visit to NRC Managing…
By Seun Ibiyemi Aviation security expert and former Lagos airport commandant, Group Captain John Ojikutu (rtd), has drawn attention to what he describes as the “misplaced spending priorities” of the federal government, highlighting the $25 billion spent on federal refineries that remain non-operational. Speaking in a chat with BusinessPointer on the parallel between the refineries…
