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Nembe Exploration and Production Company Limited has clarified that funds recently recovered by the Economic and Financial Crimes Commission (EFCC) from oil companies over outstanding Nembe Creek Trunkline transportation fees were owed to its joint venture (JV) with the Nigerian National Petroleum Company Limited (NNPCL), and were not recovered fromContinue Reading

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The Minister of Works, David Umahi, has ordered a three-week emergency rehabilitation of major federal highways nationwide, directing ministry officials and contractors to return to the field immediately to make critical roads motorable ahead of the festive season and the January 2027 elections. A statement by his media aide, FrancisContinue Reading

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Nembe Exploration and Production Company Limited has clarified that funds recently recovered by the Economic and Financial Crimes Commission (EFCC) from oil companies over outstanding Nembe Creek Trunkline transportation fees were owed to its joint venture (JV) with the Nigerian National Petroleum Company Limited (NNPCL), and were not recovered fromContinue Reading

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The Federal Competition and Consumer Protection Commission (FCCPC) has clarified reasons why it sealed the headquarters and management office of Peachville Platinum Estate Limited in Abuja over the company’s failure to deliver a N140 million property to a customer despite receiving full payment. The enforcement action followed the company’s failureContinue Reading

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Lagos motorists have lamented exhausting queues at Compressed Natural Gas (CNG) refiling stations in the state, even as labour leaders blamed the long queue and non-availability of the gas on the government’s fire-brigade approach to issues of national interests. They maintained that the five newly-commissioned CNG refiling points in LagosContinue Reading

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Genesis Energy, a pan-African clean energy infrastructure development and asset management company, has reinforced its commitment to deliver sustainable energy to support Nigeria’s energy transition through consistent investment. Through its subsidiary, GELMAK Power Solutions Ltd, the company operates the Banana Island Local Grid Project in Lagos, an integrated power generationContinue Reading

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President Bola Ahmed Tinubu on Friday broke ground for the construction of the $3bn Bakassi Deep Seaport Project in Ikang, Bakassi Local Government Area of Cross River State. Tinubu was represented by Vice President Kashim Shettima, who was flanked by the Minister of Marine and Blue Economy, Adegboyega Oyetola, CON,Continue Reading

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Nigeria’s position in the global professional textile care industry has received international recognition following the emergence of CleanAce Nigeria as Africa’s best and the world’s second-ranked company in the Retail Textile Cleaning BIG category at the 2026 CINET Global Best Practices Awards held in Milan, Italy. The recognition has renewedContinue Reading

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Bakers in Nigeria have lamented the high cost of borrowing and rising energy expenses, warning that the challenges are threatening the survival of businesses in the industry. The operators said commercial banks were still charging interest rates of between 33 and 34 per cent on loans to small businesses despiteContinue Reading