The Economic and Financial Crimes Commission (EFCC) has revealed that Cletus Ibeto, the Chairman of Ibeto Energy Development Company, who is accused of a N4.8bn…
View More Ibeto, Facing N4.8bn Fraud Charges, Seeks Out-of-Court Settlement, States EFCC
The Federal Government, through the Bureau of Public Enterprises (BPE), is currently engaged in negotiations for the sale of five power plants as part of…
View More Federal Government Plans to Sell Five Power Plants for $1.15 Billion
In a recent announcement, the Ogun State Government unveiled its commitment to extending the Lagos Blue Rail Line project into the border towns of the…
View More Ogun State Government Reveals Plans to Extend Lagos Blue Rail Line to Border Towns
The Dangote Petroleum Refinery has officially registered oil marketers to serve as its distributors, according to an announcement made by the Dangote Group on Tuesday.…
View More Dangote Refinery Enlists Three Oil Marketers Associations as Distributors
Following a recent meeting between the management of Dangote Petroleum Refinery and executives of the Independent Petroleum Marketers Association of Nigeria (IPMAN), it has been…
View More Dangote Refinery to Provide Fuel to 150,000 IPMAN Stations
The Nigerian Security and Civil Defence Corps (NSCDC), Taraba Command, has successfully arrested two individuals attempting to traffic 16 children. The apprehension took place at…
View More NSCDC Apprehends Two Suspects for Alleged Trafficking of 16 Children
In its ongoing battle against crude oil theft, the Nigerian National Petroleum Company Limited (NNPCL) has revealed the discovery of 83 illegal refineries and the…
View More NNPCL Exposes 83 Illegal Refineries in Niger Delta, Apprehends 22 Suspects
The Nigerian Railway Corporation (NRC) has initiated the reactivation of old narrow gauge networks, with a primary focus on the Eastern line, which extends from…
View More NRC Set to Resume Train Services on Abandoned Routes, Focusing on Eastern Line
The Naira has surpassed the N1,300/$ mark on the Peer-to-Peer cryptocurrency window as reported on Tuesday. Traders in the parallel market have confirmed that the…
View More Naira Depreciates to N1,300/$ on Peer-to-Peer Market
Shell Plc has announced an agreement to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium…
View More Shell to Sell Nigerian Onshore Subsidiary, SPDC, for $2.4 Billion