petroleum
1 day ago
South Sudan troops have arrested the oil minister and deputy head of the armed forces, both allies of Vice-President Riek Machar, as fears grew on Wednesday for the country's fragile peace agreement. South Sudan, the world's youngest country, ended a five-year civil war in 2018 with a power-sharing agreement between bitter rivals, President Salva Kiir…
4 Oct
Managing Director and Chief Executive Officer of Pinnacle Oil and Gas Ltd., Bob Dickerman said Nigeria can achieve lower petroleum products prices in Naira if the government is ready to take the necessary steps. Dickerman said this while speaking at an event organised by the Nigerian Association for Energy Correspondents (NAEC) in Lagos. “We must…
24 Sep
The Leader of the Senate, Sen. Opeyemi Bamidele, says as the Senate resumes plenary, it would unearth the root causes of economic sabotage in the Petroleum Industry. Bamidele gave the assurance in a statement he signed on Tuesday in Abuja. He said the upper chamber is committed to unearthing the roots of economic sabotage in…
23 Sep
The National Assembly is set to relaunch its investigation into alleged economic sabotage within Nigeria's petroleum sector, following the decision to form a joint committee. This follows the earlier suspension of separate probes by the Senate and House of Representatives in July. The Senate Leader, Senator Opeyemi Bamidele, who also chairs the Senate Ad-hoc Committee…
14 Aug 2024
President Bola Tinubu has arrived Malabo, the capital of Equatorial Guinea, for a three-day official visit, which will include signing of petroleum resources, security agreement. READ ALSO:Cautious optimism as senate begins fresh probe of petroleum sector President Tinubu, who arrived the Presidential Wing of the Malabo International Airport at about 2.07 p.m., was received…
7 Aug 2024
Investigation into alleged sabotage in the petroleum sector is experiencing hitches in the National Assembly. The sudden decision to involve the House of Representatives as a joint partner in the investigation, which the Senate initiated last month, is attracting criticisms from within the upper chamber. Senate Majority Leader, Opeyemi Bamidele, who was appointed to head…
2 Jun 2024
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) declared a nationwide strike on Friday, May 31, 2024, over a proposed new minimum wage, following a meeting with the tripartite of the federal government, Labour and the Organised Private Sector (OPS). The Federal Government and the labour unions failed to reach an agreement…
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5 mins ago
Personnel of the Nigerian Military invaded the offices of electricity distribution company Ikeja Electric in Lagos State. The Guardian gathered that the personnel in uniform forced their way into the Ikeja Electric office on Ago Palace Way, Okota, Isolo, Lagos. Videos obtained by our correspondent showed military personnel wielding arms and effectively crippling operations in…
22 mins ago
China's economy is facing growing "uncertainty" in the international environment, as well as insufficient domestic demand, a top economic official said on Thursday. Beijing set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit…
38 mins ago
South Korea's Air Force said Thursday that one of its fighter jets had accidentally dropped eight bombs in the wrong place during a training exercise, resulting in civilian injuries. "Eight MK-82 general-purpose bombs were abnormally released from an Air Force KF-16 aircraft, landing outside the designated firing range," the Air Force said. The incident occurred…
45 mins ago
Nigeria is standing at the crossroads of a digital revolution, and at the heart of this transformation is the National Information Technology Development Agency (NITDA). On February 25, 2025, the agency’s Director-General, Kashifu Inuwa, took the stage on NTA’s Good Morning Nigeria to outline the Federal Government’s ambitious roadmap for digital transformation, financial inclusion, and…
46 mins ago
March 8 is International Women’s Day (IWD), which will be celebrated this year under the theme “For ALL women and girls: Rights. Equality. Empowerment.” This theme emphasises the need for actions that unlock equal rights, power, and opportunities for all and envisions a feminist future where no one is left behind. The 2025 IWD campaign…
54 mins ago
Nigeria and China have long maintained a robust and evolving diplomatic relationship, but recent developments indicate a strategic shift toward an even deeper economic and political partnership. The appointment of Mr. Joseph Tegbe as the Director General of Nigeria-China Strategic Partnership is a landmark decision that signals Nigeria’s commitment to maximizing the vast opportunities that…
1 hour ago
US President Donald Trump on Wednesday threatened further destruction of Gaza if all remaining hostages are not released and issued an ultimatum to Hamas leaders to flee. Strongly backing Israel as a ceasefire teeters, Trump said he was "sending Israel everything it needs to finish the job" as his administration expedites billions of dollars in…
1 hour ago
Harry Kane struck twice as Bayern Munich eased to a 3-0 home win over 10-man Bayer Leverkusen on Wednesday, putting them on track for the Champions League quarter-finals. Unable to beat Leverkusen in six attempts since Xabi Alonso took over in October 2022, Bayern were dominant from start to finish in the first leg of…
1 hour ago
The Federal Executive Council (FEC) on Wednesday approved 13 contracts for the Ministry of Works, totaling N679 billion, to facilitate road rehabilitation and new construction projects across several states. The Minister of Works, Dave Umahi, said the approvals include rescoping, variation, and fresh contracts aimed at ensuring infrastructure development aligns with available funds. Addressing newsmen…
1 hour ago
DevReporting, an online newspaper established by Development Reporting Services Limited, is set to take off. With its headquarters in Lagos, the newspaper said its interest is to promote informed discourse, balanced reporting, and a comprehensive impact on development issues in Nigeria and Africa. This is contained in a statement signed by the organisation’s…