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Experts warn of petrol price surge amid US-Iran war

Energy experts and downstream operators have warned that Nigeria may witness a fresh increase in petrol and diesel prices if global crude oil prices surge above $90 per barrel amid escalating tensions between the United States and Iran, according to The PUNCH. The warning follows hostilities in the Middle East that triggered fresh volatility in […]

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Soludo defies court order, demolishes Onitsha main market shops

Traders at Onitsha Main Market were left in shock and distress on Sunday as Governor Chukwuma Soludo of Anambra State commenced demolition of the market, despite a pending court order restraining any such action. Security personnel, including military, Nigeria Security and Civil Defence Corps (NSCDC), and private security operatives, blocked access roads to the market […]

Aviation

FAAN’s cashless policy launch causes gridlock, widespread passenger anger

Passengers travelling through airports in Lagos and Abuja on Sunday were stranded after the Federal Government enforced a cashless payment policy at airport entry gates, causing heavy gridlock, missed flights and widespread frustration. Several travellers recounted difficult experiences as motorists grappled with the newly introduced electronic payment system implemented by the Federal Airports Authority of […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
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FG, AFC sign $1.3bn deal for alumina refinery

The Federal Government and the African Finance Corporation have signed a landmark Memorandum of Understanding to jointly fund three strategic projects in Nigeria’s mining sector. These projects include a $1.3 billion alumina refinery, a nationwide geoscience mapping initiative, and a special investment vehicle designed to unlock the country’s mineral potential. The agreement was signed in […]

Business

FG, AFC sign deal to fund $1.3bn mining projects

The African Finance Corporation and the Federal Government, acting through the Solid Minerals Development Fund, have signed an investment agreement to co-finance three key projects: a $1.3 billion alumina refinery, a nationwide geoscience mapping programme, and a dedicated investment vehicle aimed at unlocking Nigeria’s mineral resources. The agreement, signed in Abuja, concludes months of negotiations […]

Aviation

FAAN apologises for traffic jam on first cashless day

The Federal Airports Authority of Nigeria has urged motorists and airport users to exercise patience due to traffic congestion experienced at Murtala Muhammed International Airport in Lagos and Nnamdi Azikiwe International Airport in Abuja. The congestion occurred on the first day of FAAN’s nationwide Go Cashless programme. In a post on its X handle on […]

Ports and Airports

US coast guard assesses Lagos ports for ISPS compliance

The United States Coast Guard is currently in Lagos conducting port security assessments. The team is evaluating selected port facilities for compliance with the International Ship and Port Facility Security Code. Sources close to the Nigerian Maritime Administration and Safety Agency disclosed that the team is scheduled to visit Tin-Can Island Port today as part […]

featured Oil and Gas

OPEC+ to boost oil output by 206,000 bpd in April

OPEC+ decided on Sunday to increase oil production by 206,000 barrels per day starting in April. The decision came from the Organisation of the Petroleum Exporting Countries and its allies, collectively known as OPEC+. The announcement followed a virtual meeting of member countries, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, […]

Business

Oil tanker attacked near Strait of Hormuz

Oman’s Maritime Security Centre said an oil tanker, Skylight, flying the flag of the Republic of Palau, was attacked about five nautical miles (9.26 kilometres) north of Khasab Port. In a statement posted on X, Omani authorities confirmed that the vessel had 20 crew members on board, 15 Indians and five Iranians, and that all […]

Business

Plateau seals two restaurants over poor sanitation

Plateau Environmental Protection and Sanitation Agency has sealed two restaurants in Jos for poor sanitary conditions and unkempt surroundings. The enforcement action took place on Saturday during the agency’s routine monthly environmental sanitation exercise, led by the Director General, Samuel Nathaniel Dapiya. The affected restaurants, located in the Old Airport area of Jos, were found […]

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