Category: News
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Chad Shocks Oil Industry: Nationalizes Exxon Mobil Assets
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Exxon Mobil, the multinational oil giant, faces a startling development as Chad announces the nationalization of all its assets, including vital permits for hydrocarbon exploration. This unexpected move has sent shockwaves through the energy sector, catching many off guard and raising significant concerns. Experts are wary of the impact this…
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NNPC Ltd. Resolves Tightness in Fuel Supply, Reassures Nigerians of Stable Prices
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In a recent statement, the Nigerian National Petroleum Company Limited (NNPC Ltd.) addressed the current tightness in the supply of Premium Motor Spirit (PMS) across some areas in Nigeria, attributing it to logistics issues that have since been resolved. The Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye, emphasized…
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Lagos Workers Living Large with ₦70k Minimum Wage since January!
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In a move signaling a commitment to workers’ welfare, Lagos State Governor Babajide Sanwo-Olu announced that employees in the state have been enjoying an additional ₦35,000 wage allowance since the start of the year. This increase effectively doubles the minimum wage for many workers, raising the lowest salary from ₦35,000…
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Galp Energia’s Namibian Oil Discovery: A Game-Changer for East Africa
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Namibian Oil is making waves in the energy industry, with Galp Energia’s recent discovery in the Mopane field off the coast of Namibia. The Portuguese oil company’s exploration efforts have uncovered significant light oil columns in high-quality reservoir sands, indicating the potential for at least 10 billion barrels of oil.…
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President Tinubu Approves Takeoff of Consumer Credit Scheme
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President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme. Consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying responsibly over time. It facilitates crucial purchases, such as homes,…
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Multichoice Nigeria Announces Second Price Hike in Five Months for DStv and GOtv Packages
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Multichoice Nigeria, the operator of DStv and GOtv, has announced a second increase in subscription rates for its packages within a five-month period. The new tariff hike, set to take effect from Wednesday, May 1, 2024, was communicated to customers via email on Wednesday, April 24, 2024. According to Multichoice…
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Video: UK’s House of Lords Passes safety of Rwanda Bill
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Rwanda Bill—The UK’s House of Lords has passed a controversial bill that allows the government to send asylum seekers to Rwanda. The bill has sparked widespread debate and criticism, with many expressing concerns about the safety and well-being of asylum seekers in Rwanda. Watch this video
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Mohammed Abdi Ali Sentenced to 12 Years for Planning ISIS Biological Terror Attack in Kenya
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A Nairobi court has sentenced Mohammed Abdi Ali, a medical doctor and ISIS terrorist, to 12 years in prison for plotting a large-scale biological terror attack in Kenya in 2016. Ali, a leader in the ISIS network, planned to use deadly anthrax bacteria, which can cause severe illness and death.…