By Obas Esiedesa The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised concerns over rising illicit financial flows in Nigeria’s solid minerals sector, warning that weak regulation, illegal mining and opaque ownership structures are undermining the industry’s contribution to the economy. In a policy brief released on Thursday in Abuja titled, “Stemming the Scourge of Illicit […]

•Middle East crisis boosts demand, prices •Meet beneficiaries of subsidy regime •Plans expansion plans across Africa •We sell stakes to attract investors •We are not overstretching financially •Civil unrest, policy inconsistency, other risks By Udeme Akpan, Energy Editor Africa’s richest man and President of the Dangote Group, Aliko Dangote, has alleged that some influential fuel importers fought […]

By Mathew Johnson The Tincan Island Port Command of the Nigeria Customs Service (NCS) has handed over a major seizure of illicit substances valued at N16. 7 billion to the National Drug Law Enforcement Agency (NDLEA), following a successful joint intelligence-led operation. Speaking during the handover ceremony at the Command, the Customs Area Controller, Tincan Island […]

By Yinka Kolawole, with agency report The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, are planning to continue a gradual increase in oil production quotas with a target of fully restoring a 1.65 million barrels-per-day output cut introduced in 2023 by September this year. According to a Bloomberg report yesterday, the alliance […]

By Mariam Eko The Transmission Company of Nigeria, TCN, said it recorded about 276 vandalized infrastructure from 2022 to 2025 nationwide. Speaking at the public sensitization on the ills of vandalism of TCN infrastructure held at Itori, Ewekoro, Local government area, Ogun State, the General Manager, TCN, Lagos region, Engr. Adeshina Adeonipekun noted: “I can recall […]