Blog

Upstream Regulator Secures $400m In Oil Wells Closure Costs

Nigeria is leveraging global experiences to protect its oil and gas sector from costly liabilities, having secured over $400 million in decommissioning and abandonment obligations from oil wells, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed. The NUPRC chief executive, Gbenga Komolafe, shared this milestone on Wednesday, during the Nigerian Extractive Industries Transparency Initiative […]

Dangote Cement Shareholders Receive N3.3trn Dividend Payment In 15 Years

Shareholders of Dangote Cement Plc have received over N3.3 billion in dividends over the last 15 years. In addition to this impressive dividend payout, the shareholders have also significantly benefited from the cement stock’s capital appreciation. The newly appointed chairman of Dangote Cement Plc, Emmanuel Ikazoboh, stated this at the Company’s combined Closing Gong Ceremony […]

Suspension: Allow Natasha Resume, ADC Tells Akpabio

African Democratic Congress (ADC) has condemned the continued refusal of Senator Natasha Akpoti-Uduaghan’s return to the Senate. It described the Red Chamber’s action as abusive and a flagrant affront on Nigeria’s democratic values. The opposition party demanded that Senator Natasha be allowed to resume her duties immediately. In a statement signed by its national publicity […]

Lagos, Osun Stakeholders Reject PDP Zoning, Back Olawepo-Hashim For President

The agitation against the Peoples Democratic Party (PDP)’s zoning arrangement gained fresh momentum during the week as stakeholders in Osun and Lagos States staged rallies, declaring the zoning formula “null and void.” They adopted Dr Gbenga Olawepo-Hashim, as their preferred aspirant. In Osogbo, the rally converged at the City Hall and was led by the […]

PDP, LPWant Adamawa By-election Nullified

Candidates of the Peoples Democratic Party (PDP) and Labour Party (LP) have challenged the recently conducted Ganye State Constituency by-election in Adamawa State at the Election Petitions Tribunal, asking for its nullification. The Independent National Electoral Commission had declared the candidate of the opposition All Progressives Congress (APC), Misa Musa, as the winner of the […]