By Godwin Oritse Lagos State Governor, Babajide Sanwo-Olu, has announced that work on Phase 2 of the Lekki Port project will commence soon, a move aimed at strengthening the state’s position as West Africa’s leading maritime and logistics hub. Speaking at the Invest Lagos Summit 3.0 held in Lagos earlier in this week, Sanwo-Olu highlighted the […]

By Obas Esiedesa, Abuja Nigeria’s total oil production, comprising crude oil and condensates, increased by 2.2 per cent in May to 1.70 million barrels per day (bpd), while crude oil output exceeded the country’s OPEC production quota for the first time this year. Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday showed […]

ABUJA — President Bola Tinubu has issued a stern warning to bandits, kidnappers and sponsors of terrorism across the country, urging them to surrender or face the full force of the Nigerian state. The President delivered the warning while addressing the nation’s security challenges in his Democracy Day message, reaffirming his administration’s commitment to restoring […]

By Mariam Eko The Transmission Company of Nigeria (TCN) has called on the Federal Government and the National Assembly to strengthen legal protection for critical electricity infrastructure, saying vandalism, sabotage and encroachment on transmission corridors continue to threaten power supply and investments in the sector. Managing Director and Chief Executive Officer of TCN, Engr. Sule Ahmed […]

By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has banned closely linked financial entities from extending loans or guaranteeing the obligations of one another without the bank’s prior approval. The apex bank disclosed this, yesterday, in its Exposure Draft on ring-fencing operations of closely linked entities in the Nigerian financial system. The apex bank stated: […]