Nigeria’s Oriental Energy Resources Limited has unveiled a $315 million Floating Production, Storage and Offloading (FPSO) vessel to boost Nigeria's oil production capacity. The FPSO vessel, with a storage capacity of one million barrels, which will kick off with an initial production of 17,000 barrels per day before increasing its production capacity to 30,000 bpd…

The Chinese People’s Liberation Army Defence University (PLA), has sought robust collaboration with the Nigerian Army toward promoting a better understanding of training and military education between the two armies. This is contained in a statement by the Director, Army Public Relations, Maj.-Gen. Onyema Nwachukwu, on Friday in Abuja, after the Chief of Army Staff…

South Korean lawmakers on Saturday impeached President Yoon Suk Yeol over his failed martial law bid, with the opposition declaring a "victory of the people". READ ALSO:Keyamo urges travellers to embrace proposed Fly Nigeria Act The vote took place as hundreds of thousands took to the streets of Seoul in rival rallies for and against…

The gubernatorial race in Anambra State has never been more intriguing as the 2025 election cycle promises to be a watershed moment in the state’s political history. All eyes are on Senator Uche Lilian Ekwunife, a political titan, as she stands on the cusp of making history as the first female elected governor of not…

The Kingdom of Saudi Arabia has executed 10 Nigerians and some 79 nationals of other nations, most of them convicted of drug-related offences in 2024. READ MORE: Brazil’s Lula ‘in perfect neurological condition’ post-op This is almost triple the figures for 2023 and 2022, when Saudi authorities put to death 34 foreigners each year, according…

Senator Mukhail Abiru (Lagos-East) has called for stronger partnerships between Nigeria and the United Kingdom. Abiru disclosed this while delivering his keynote address at an event organized by the Bridge Club on Wednesday, as made available in a statement signed by his media aide, Mr. Enitan Olukotun, in Lagos. The event was tagged, ‘An Evening…

Africa’s biggest oil producer, Nigeria, was conspicuously missing from the long list of beneficiaries in key project financing by the Orga

Germany's president Frank-Walter Steinmeier on Wednesday met with Nigerian leader Bola Ahmed Tinubu in the capital Abuja during a two-day visit aimed at enhancing the countries' "energy partnership". Steinmeier was joined by a delegation of German firms operating in the energy (Siemens, Enertrag, Off-Grid Europe, Neuman & Esser), finance (Exficon), distribution (C. Woermann) and technology…

German President Frank-Walter Steinmeier is set to arrive in Abuja on Wednesday at the start of a four-day visit to Africa that he is expected to take in Nigeria, South Africa, and Lesotho. Steinmeier is scheduled to meet Economic Community of West African States (ECOWAS) President Omar Touray in the Nigerian capital before receiving an…

Nigeria's financial markets have undergone significant transformation in recent years. As the economy evolves, investors are increasingly turning to sophisticated trading methods, such as indices trading. An index measures the performance of a group of assets, and indices trading involves buying or selling these indices based on market movements. In Nigeria, this form of trading…

A total of 3,270 Nigerians have been granted American citizenship via military service. This is according to data from the U.S. Citizenship and Immigration Services on Monday. Nigeria ranked fourth among countries whose citizens were granted U.S. citizenship through military naturalization between 2020 and 2024. During the period under review, the U.S. naturalised over 52,000…

Romania's top court on Friday annulled ongoing presidential elections over alleged irregularities after far-right candidate Calin Georgescu topped the first round -- a decision with precedents around the world in the past two decades. 1. Gabon: coup - An hour after the announcement of Ali Bongo Ondimba's election to a third term as president on…