News as it breaks
In a sweeping overhaul of the Nigerian National Petroleum Company (NNPC) Limited, President Bola Ahmed Tinubu has reconstituted the company’s board, removing Chairman Chief Pius Akinyelure and Group Chief Executive Officer Mallam Mele Kolo Kyari. This decision also affects all other board members appointed alongside them in November 2023. The…
President Donald Trump has unveiled sweeping tariffs on imported automobiles and parts, escalating tensions with key trading partners and sending shockwaves through global markets. The 25% tariffs, set to take effect on April 3, are the latest in Trump’s aggressive trade policies aimed at bolstering domestic manufacturing. Global Reaction and…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has debunked reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers State, clarifying that the event was a controlled flare incident that has been fully contained. In a statement, NNPC Ltd. reassured the public that there is no…
NNPC Limited has reiterated its commitment to ensuring that funds allocated under the Petroleum Industry Act (PIA) are efficiently utilized to drive meaningful development in host communities. This assurance was given during a stakeholder engagement session held in Yenagoa, Bayelsa State, with the KEFFESO Host Communities Development Trust (HCDT), a…
Traders at Oyeagu Market, Abagana, in Njikoka Local Government Area of Anambra State have appealed to Governor Chukwuma Soludo to intervene and stop their eviction from shops they legitimately acquired. The traders said they were issued a sudden ejection order by the local government authorities, citing market reorganization and shop…
The House of Representatives has called on the Central Bank of Nigeria (CBN) to suspend its recent policy imposing new charges on Automated Teller Machine (ATM) withdrawals. Lawmakers warned that the policy, which eliminates free ATM withdrawals for customers using other banks, would place an additional financial burden on Nigerians.…
The Economic Community of West African States (ECOWAS) and the African Development Bank (AfDB) have signed a $12 million grant agreement to implement the Rice Resilient Value Chains Development Project (REWARD) across 15 West African nations. According to a statement from the ECOWAS Commission in Abuja, the signing ceremony took…
The Managing Director of the Nigerian Ports Authority (NPA), Dr. Mohammed Dantsoho, has highlighted the anticipated benefits of the African Continental Free Trade Area (AfCFTA), emphasizing its potential to boost intra-African trade and enhance the competitiveness of Nigerian ports. Speaking at a forum organized by the Nigeria-British Chamber of Commerce,…
By Manasseh Akawe, Media Assistant to the Executive Secretary, Benue State Sports Marketing and Lottery Board In a bid to modernize its gaming and lottery industry, the Benue State Sports Marketing and Lottery Board (BSSMLB) has embarked on a strategic initiative to adopt global best practices. A high-level delegation, led…
Plateau State Governor, Caleb Mutfwang, has taken a decisive step to curb illegal mining by signing an Executive Order suspending all mining activities in the state. The announcement was made during a crucial meeting with key stakeholders in the mining sector. Governor Mutfwang emphasized that the suspension was necessary due…
