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Following the successful execution of the Memorandum of Understanding (MoU) between Backbone Infrastructure Ltd and the Ondo State Government, through the Ondo State Investment Promotion Agency (ONDIPA), for the construction of a 500,000 barrels-per-day refinery and the development of a 1,471-hectare Sunshine Free Trade Zone in the Ilaje area of Ondo State in July, Backbone…
The Federal Ministry of Steel Development has signed a joint strategic cooperation declaration for the establishment of a $400 million modern steel plant in Ewekoro, Ogun State. The agreement with Inner Galaxy Group’s Stellar Steel Company Limited is part of ongoing efforts by the government to accelerate Nigeria’s industrialisation. It is also aimed at achieving…
Edo State Governor, Monday Okpebholo, has resolved the leadership crisis rocking the Independent Petroleum Marketers Association of Nigeria (IPMAN), Edo State Chapter, reaffirming his administration’s commitment to maintaining peace and protecting vital oil infrastructure across the state. The Governor made this known when he received the newly elected IPMAN executive, led by its Chairman, Mr….
The Federal Competition and Consumer Protection Commission (FCCPC) on Monday backed the Central Bank of Nigeria (CBN’s)new draft guidelines mandating banks to refund customers for failed Automated Teller Machine (ATM) transactions within 48 hours. The FCCPC’s Director of Corporate Affairs,, Ondaje Ijagwu, announced the Commission’s position on the policy in a statement. Ijagwu said the…
The Federal Government on Monday emphasised the critical importance of the 650,000-barrel-per-day Dangote Refinery, declaring that it must be supported at all costs to succeed. The government’s position was stated by Vice President Shettima and emphasised by Minister of Budget and National Planning Senator Bagudu at the opening of the Nigerian Economic Summit 2025 in…
The Group Chief Executive of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has attributed the recent scarcity in cooking gas to a temporary loading and disruption during the strike action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). According to him, the industrial action had halted operations for several…
The Amnesty Programme Council has made a call on the Federal Government to ensure the inclusion of Ogoni ex-agitators into the Technical Committee that is yet to be constituted for discussions on the modalities of oil resumption in Ogoniland. Chairman, Presidential Amnesty Programme Council, Comrade Lekia Lezorge Tongor in a statement, explained that any attempt…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended its nationwide strike. PENGASSAN President, Festus Osifo, announced the suspension at a press conference in Abuja. He explained that the decision followed a meeting with the National Security Adviser and the management of Dangote Refinery. Osifo admitted that “grey areas” remain in…
The Nigeria Labour Congress (NLC) has directed its affiliate unions to begin urgent mobilisation and prepare for a nationwide industrial action against the Dangote Group, accusing the conglomerate of sustained anti-worker practices. This came as the nationwide strike declared by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday against the…
Ex-agitators and some critical stakeholders from Ogoni in Rivers State have written to President Bola Ahmed Tinubu and the National Security Adviser, Mallam Nuhu Ribadu, condemning their exclusion from the negotiation to resume oil production in Ogoniland. The stakeholders led by an ex-militant Leader and Pioneer Secretary of First Phase Ex-Agitators, Gen Nature Dumale Kiegha,…