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SERAP calls on NNPCL to account for missing oil funds
Abuja, Oct. 26, 2025 – The Socio-Economic Rights and Accountability Project (SERAP) has called on the Nigerian National Petroleum Company Limited (NNPCL) to account for the missing N22.3 billion, USD$49.7 million, £14.3 million, and €5.2 million from the company. It particularly called on Bayo Ojulari, its Group Chief Executive, to identify those who allegedly diverted or misappropriated the funds and hand them over to the anti-corruption agencies. SERAP urged Ojulari to ensure full recovery and return of the diverted or misappropriated oil money to the treasury without further delay. SERAP …
‘I am not done’ – Kamala Harris tells BBC she may run for president again
London, Oct. 25, 2025 – Former US Vice-President Kamala Harris has told the BBC she may run again for the White House. In her first UK interview, Harris said she would “possibly” be president one day and was confident there will be a woman in the White House in future. Making her strongest suggestion to date that she will make another presidential bid in 2028 after losing to Donald Trump last year, Harris dismissed polls that put her as an outsider to become the Democrats’ pick for the next …
Think tank blames poor management of resources for Nigeria’s high poverty prevalence
Abuja, Oct. 25, 2025 – The Independent Media and Policy Initiative (IMPI) has blamed poor management of Nigeria’s resources for the high poverty rate in the country over the years. According to the think tank, this is the reason more people fell below the poverty threshold during the multiple oil boom periods between 1980 and 2015. The IMPI made the observation in a policy statement signed by its Chairman Dr Omoniyi Akinsiju. It said Nigeria’s poverty story was a case of a self-inflicted economic malady as a result of inappropriate …
LASAA to sanction staff for policy breach after viral allegation, cleared of fraud
Lagos, Oct. 25, 2025 – The Lagos State Signage and Advertisement Agency (LASAA) says it will impose sanctions on Olukayode John Adetifa, a member of staff, for violating the agency’s ‘no cash’ policy and use of personal account for official transaction. It said the sanction would be imposed on the staff in spite of his exoneration by an internal investigation over an alleged fraudulent transaction that went viral on social media recently. According to a statement from the agency, the controversy began with a social media post alleging that …
NNPC Ltd hails Tinubu on Ekperikpo, Mshelbila’s emergence as Chairman, Secretary General of GECF
Abuja, Oct. 25, 2025 – The NNPC Ltd has congratulated President Bola Ahmed Tinubu for his role in the emergence of Nigeria’s candidate, Dr. Philip Mshelbila, the Managing Director of Nigeria LNG Ltd, as the new Secretary General of the Gas Exporting Countries Forum (GECF). It described the appointment as a historic moment for Nigeria and a testimony to the Federal Government’s Gas Agenda aimed at utilising natural gas as a major fuel for industrial growth and economic development. Mshelbila, who was elected at the Forum’s 27th Ministerial Meeting held …
N758bn Bond: PenCom assures of clearance of all pension arrears
Abuja, Oct. 25, 2025 – The National Pension Commission says it will clear all pension arrears to retirees if the N758 billion bond being issued by the Federal Government matures before December. Omolola Oloworaran, its Director-General, gave the assurance on Friday in Owerri at a two-day workshop organised by the commission and National Salaries, Income and Wages Commission. The PenCom director-general was represented by Samuel Uwandu, the National Commissioner Inspectorate of the Commission. She said there had been some issues on the amount paid to pensioners for sometimes and …
Okomu Oil Palm awards N8.4m bursary to 56 indigent students in Edo
Benin, Oct. 25, 2025 – Okomu Oil Palm Company Plc has awarded N150,000 bursary each to 56 indigent students from communities around its operational areas in Edo. Speaking at the presentation ceremony on Friday, Fidelis Olise, the company’s Communication Officer, said the gesture was part of its 2025 corporate social responsibility (CSR). He said the bursary, totalling N8.4 million, were to ease the financial burden of students from low-income families and to promote access to quality education across the company’s host and neighbouring communities. According to him, the bursary …
Dangote Refinery to increase capacity to 1.4mbpd
Lagos, Oct. 22, 2025 – The Dangote Refinery is to increase its capacity from 650,000 barrels per day to 1.4 million barrels per day (mbpd), the highest in the world. Aliko Dangote, the Chairman of Dangote Group, disclosed this during a recent interview with S&P Global. He said the initial plan was to expand the refining capacity to 700,000, but this has changed to surpass the world’s largest 1.36 million bpd refinery in Jamnagar, India. “I want to demonstrate what this refinery can do, then we can sit down …
FG approves N25,000 grant to outstanding small enterprises at Katsina Clinic
Abuja, Oct, 22, 2025 – The federal government has approved N250,000 unconditional grant for each of the outstanding Micro, Small, and Medium Enterprise (MSME) exhibiting at the Expanded National MSME Clinic in Katsina State. Vice-President Kashim Shettima announced the approval of the grant on Tuesday during the inauguration of the ninth edition of the MSME Clinic, designed to support small businesses and stimulate economic activity across local communities. He said the Federal Government established the Expanded MSME Clinic to bring services closer to entrepreneurs and foster innovation, employment, and …
Oil rises nearly 2% on trade talk optimism
London, Oct 22, 2025 – Oil prices pushed higher for a second day on Wednesday, rising by about 2%, buoyed by hopes of progress of a U.S. trade deal with China and India. Brent crude futures rose 96 cents, or 1.6%, to $62.28 a barrel as of 0924 GMT, while U.S. West Texas Intermediate crude futures climbed 95 cents, or 1.7%, to $58.19. “Oil prices climbed after reports suggested the U.S. and India are close to finalising a trade deal that could see India gradually cut imports of Russian crude, …