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Suspected fraudsters, during a three-day cyber-attack, have hacked a customer’s account domiciled in an old generation bank and fraudulently transferred N523,337,100 from the account to 18 different accounts in the same bank.  The spokesperson for the Police Special Fraud Unit in Ikoyi, Lagos State, SP Eyitayo Johnson, in a statement on Wednesday, said the suspects […]

MTN Nigeria on Sunday rolled out 5G technology in Lagos with a promise to launch the network in six other cities including Abuja, Port Harcourt, Ibadan, Kano, Owerri, and Maiduguri. With this, Nigeria has become the 3rd African country to deploy the technology after South Africa and Kenya. The Lagos 5G commercial launch came on […]

The Nigerian Government and the French Development Agency (AFD) have signed a grant agreement of €25 million for the Northern Corridor Project jointly funded by the European Union and the AFD. The Minister of State for Budget and National Planning, Prince Clem Agba, and the AFD Country Director in Nigeria, Xavier Muron, signed the agreement […]

The Minister of State for Petroleum Resources, Timipre Sylva, has restated Federal Government’s commitment to revive the Old Port Harcourt Refinery in River State by December, 2022. According to PUNCH, Sylva who hinted this at the end of the Federal Executive Council meeting presided over by the President, Major General Muhammadu Buhari (retd.) at the […]

The Senate Adhoc Committee on Oil Theft said it had bugun investigations into oil theft and illegal bunkering activities in the Niger Delta region. Chairman of the Committee, Bassey Akpan, said this while answering questions from journalists on arrival at the Port Harcourt International Airport. Akpan said massive stealing of Nigeria’s crude oil, which had […]

The Nigerian National Petroleum Company Ltd will tomorrow seal a Memorandum of Understanding on gas pipeline project with National Office of Hydrocarbons and Mines of Morocco and the ECOWAS Commission. The MoU is expected to drive the execution of the 7,000km Nigeria-Morocco gas pipeline project. In preparation of the signing of the agreement scheduled to […]

The Nigeria Senate yesterday rejected the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) which proposed a N12.43 trillion deficit and N6 trillion tax and import duty waivers in the N19.76 trillion budget. The Upper Legislative Chamber of the National Assembly, also directed the Nigeria Customs Service (NCS) to carry out a downward […]

The Nigerian Government has revealed it has recovered the sum of N2.6 trillion revenue from oil firms through the Nigeria Extractive Industries Transparency Initiative (NEITI) intervention. This was disclosed by Dr Orji Ogbonnaya Orji, Executive Secretary of NEITI, on Tuesday in Abuja at its Civil Society Organisations (CSO) and media engagement on Extractive Industries Transparency […]

Nigeria’s oil production plunged to 972,000 barrels per day in August 2022, as Angola and Libya overtook Nigeria by producing higher volumes of crude during the review month, the Organisation of Petroleum Exporting Countries has said. OPEC disclosed this in its September 2022 report, confirming the figures released recently by the Nigeria Upstream Petroleum Regulatory […]

Chief Rita Lori-Ogbebor, an activist, has condemned the decision to grant Government Ekpemupolo, also known as Tompolo, the contract for pipeline protection. The federal government position given to the Movement for the Emancipation of Niger Delta (MEND) leader is the subject of debate. After years of hardline, the Buhari administration engaged Tompolo, arguably Nigeria’s strongest […]


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