• Concerns over $8b loans, JV debts amidst worsening oil production • Politically-constituted board worry stakeholders • $2.9b PH, Warri, Kaduna refineries in limbo • ‘Rationalise portfolios, sack current management, address transparency issues’ Two years after the transitioning of the country’s oil company, Nigerian National Petroleum Company Limited (NNPC) Limited, into a commercial entity, the…

• Airtel projects $4m loss as engagements with customers continue • Adegboruwa: Telcos trying to restrict Internet, frustrate protest  Ahead of the July 31, 2024, extended deadline handed to telecoms operators by the Nigerian Communications Commission (NCC) for the completion of the NIN-SIM linkage, millions of subscribers yesterday woke up to have their telephone lines barred.…

The Police Command in Yobe says the Boko Haram insurgents have planned to infiltrate the planned nationwide protest in the state. The spokesman of the command, DSP Dungus Abdulkarim, stated this in a statement on Saturday in Yobe. He said intelligence received by the command indicated that foreign mercenaries were engaged to destroy lives and…

There is growing concern over the huge revenue Nigeria gives up yearly in tax waivers, which experts estimate at N6 trillion yearly. Although some economists believe it is not lost revenue since it is meant to serve as an incentive to attract more investments, their worry stems from the fact that the country has not…

Peter Obi, the Labour Party's 2023 presidential candidate, has defended his "beloved brother" and “trusted ally," Kenneth Okonkwo, after the latter publicly criticised Obi in an open letter. The former Anambra State governor further cautioned his supporters from attacking Okonkwo, insisting that despite their recent differences, Okonkwo stood by him through “thick and thin.” Okonkwo,…