The Socio-Economic Rights and Accountability Project (SERAP) has urged Bola Ahmed Tinubu to order an investigation into the N5.9 billion reportedly spent on rebranding the Nigerian National Petroleum Corporation into the Nigerian National Petroleum Company Limited. In a statement shared on its official social media account on Sunday, SERAP called on the Attorney General of the Federation, Lateef Fagbemi, and anti-corruption agencies to investigate the expenditure and identify officials and contractors involved. The group specifically asked the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to determine whether the spending complied…
Author: Elvis Eromosele
By Anthony Ubani Last week, Nigerians, and anyone with a sense of embarrassment, were treated to a spectacle of monumental proportions. Daniel Bwala, Presidential Aide on Policy Communication, appeared on Mehdi Hasan’s Al Jazeera show, armed with nothing but bravado, selective memory, and the audacity of someone who believes talking loudly counts as arguing. What unfolded was less “defending government policy” and more “national humiliation live on air.” From the first question, it was clear: Bwala had prepared for everything… except reality. His statements flew faster than a Nollywood plot twist, contradicting his own past positions with the speed and…
Togo has expressed interest in increasing electricity imports from Nigeria as it seeks to meet rising domestic power demand and support expanding economic activity. The request was disclosed by Jennifer Adighije after hosting officials from Compagnie Energie Electrique du Togo for talks on expanding the existing power supply arrangement. The Togolese delegation, led by Débo K’mba Barandao, said the country currently imports about 75 megawatt-hours of electricity from the Niger Delta Power Holding Company under a bilateral supply agreement. Barandao noted that electricity imports from Nigeria have helped sustain reliable and affordable power for households, businesses and public institutions in…
NEM Insurance Plc is projecting a profit after tax of N19.7 billion for the first half of 2026, translating to an estimated earnings per share of N3.95, as strong growth in oil and gas underwriting boosts revenue expectations. The forecast marks a significant rise from the N15.4 billion profit recorded in 2025, which had already improved on the N10.6 billion reported in 2024, underscoring the insurer’s sustained earnings growth. According to the company’s projections, insurance revenue is expected to reach N102.4 billion, compared with N75.4 billion in the first half of 2025. The oil and gas segment is projected to…
The Nigerian Civil Aviation Authority has summoned Air Peace over a disrupted Heathrow-Abuja flight that reportedly left passengers stranded in Lagos after the aircraft returned due to a cracked windshield. Michael Achimugu, Director of Public Affairs and Consumer Protection at the NCAA, who disclosed this via his official X account, said that the airline has been invited to the regulator’s headquarters for an urgent meeting to address the incident and other recent operational disruptions. According to the regulator, passengers on the flight were rerouted through Gatwick–Lagos–Abuja, but some reportedly experienced delays and disruption when the aircraft returned mid-journey due to…
The Petroleum Products Retail Outlets Owners Association of Nigeria has called on the Federal Government to invest gains from rising global oil prices into expanding Nigeria’s gas infrastructure to support long-term energy security. Billy Gillis-Harry, the association’s National President, made the call while reacting to the impact of escalating tensions in the Middle East, where conflict involving Iran, Israel, and the United States has disrupted global energy supply and pushed crude oil prices higher. Gillis-Harry said the expected windfall from elevated oil prices should be invested in energy infrastructure and value chains rather than spent immediately, noting that such investments…
Drivers operating on ride-hailing platforms including Uber, Bolt, inDrive, and LagRide have commenced a three-day strike in Lagos, protesting low fares and rising operating costs. The industrial action was announced by the Lagos chapter of the Amalgamated Union of App-Based Transporters of Nigeria during a press briefing. Steven Iwindoye, the union’s Public Relations Officer, said the strike followed months of complaints from drivers struggling with worsening economic pressures. According to the union, drivers are facing higher fuel prices, rising vehicle maintenance costs, inflation, and increasing living expenses, while fare structures on ride-hailing platforms have largely remained unchanged. The group said…
By Prince Charles Dickson There is a part of Jos, Oturkpo, and Maiduguri where you can sit with people who have survived violence, displacement, curfews, economic shocks, broken promises, and still hear the same phrase dressed in different clothes: we are coping. Not healing. Not recovering. Coping. Some years ago, in a community conversation after yet another round of tension, a woman said something that has stayed with me far longer than many policy documents. She did not ask for peace in the polished language of conference halls. She simply said, “We have buried enough. We are tired of starting…
Abubakar Momoh, Nigeria’s Minister of Regional Development, has reaffirmed his support for initiatives aimed at strengthening higher education and institutional sustainability, as he received a delegation from the University of Benin Trust Development Fund in Abuja. The delegation was led by Osagie Ize-Iyamu and included the Vice-Chancellor of the University of Benin, Edoba Bright Omoregie, the President of the University of Benin Alumni Association Worldwide, Emmanuel Olakunle Oriazuwa, and Loretta Oduware Ogboro-Okor. During the meeting, the delegation briefed the minister on progress made in mobilising support for the Trust Development Fund, an initiative designed to create a sustainable financial platform…
Youths in Lagos took to the streets on Thursday to protest persistent electricity shortages affecting parts of the state. Marching along major roads, the demonstrators carried placards and chanted slogans such as, “Give us light, we are not asking for too much,” expressing frustration over the prolonged power outage. Protesters highlighted that the ongoing electricity disruptions have disrupted daily activities and negatively impacted small businesses, calling on the Lagos State Government to urgently restore stable power supply. As of reporting, authorities had not issued an official response to the protest.