THE NNPC Limited – Chevron Nigeria Limited Joint Venture (NNPC-CNL JV), yesterday, said it has made a major oil ‘discovery’ at the Meji NW-1 well in Petroleum Mining Lease, PML 49, offshore the Niger Delta.
After a successful drilling, the NNPC-CNL said the well was spudded on September 2, 2024, and the 8,983-ft depth was reached on September 13, 2024.

Two weeks ago, Local Government election was held in Rivers State which was largely peaceful except in one or two places which witnessed violence.

By Elizabeth Adegbesan The Naira today depreciated to N1,725 per dollar in the parallel market from N1,710 per dollar on Thursday. However, the Naira appreciated to N1,600.78 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,600.78 per dollar from N1,660.49 […]

Rivers State Governor, Siminalayi Fubara, has approved an increase in the minimum wage for civil servants in the state to N85,000.

GOVERNOR ‘Seyi Makinde of Oyo State, yesterday, charged media practitioners to be transparent in discharging their duties as the watchdog of the society, noting that journalists must hold political office holders accountable in the public’s interest.

THERE are strong indications that major stakeholders are fighting hard to stop probe of the oil sector by the National Assembly.

WITH unabating hunger across the country, ActionAid Nigeria, AAN, yesterday, asserted that Nigeria’s post-harvest losses have hit N3.5 trillion annually, threatening national food security.

More than one billion people are living in acute poverty across the globe, a UN Development Programme report said yesterday, with children accounting for over half of those affected.

The Nigeria Hydrological Services Agency, NIHSA, has advised Nigerians living around river banks along the River Benue Basin to quickly move to safer grounds.

Against the backdrop of the abysmal performance of Nigeria’s currency in the international market, financial analysts have indicated that the Naira is still facing more distortions that could further erode its value.