Egbin Power has sustained its host-community scholarship programme for 11 consecutive years, earning fresh commendation from community leaders who say the initiative is helping more young people gain access to quality education and pursue academic excellence. The recognition came at the 11th edition of the scholarship award ceremony held at the Egbin Power Clubhouse Auditorium, …
The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has decried the worsening insecurity, poverty and economic hardship confronting Nigerians, saying more than 140 million citizens are living in poverty. Obi made the remarks in his Independence Day message to Nigerians on Thursday, marking the country’s 66th anniversary of independence. In his message …
Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has accused President Bola Tinubu’s administration of deepening Nigeria’s cost-of-living crisis, saying the government’s economic reforms have imposed severe hardship on households without delivering the promised relief. Atiku made the assertion in his State of the Nation Address to mark Nigeria’s 66th Independence …
A chieftain of the African Democratic Congress (ADC), Dele Momodu, has faulted President Bola Tinubu’s Independence Day address, describing the removal of petrol subsidy as a “misadventure” and accusing the administration of worsening economic hardship. Momodu, in a statement reacting to the President’s October 1, 2026 speech, said Tinubu’s address, which was expected to be …
President Bola Ahmed Tinubu has defended his administration’s economic reforms, saying they are beginning to yield measurable results despite the difficulties faced by Nigerians. He cited more than $6 billion in non-oil export earnings, rising foreign direct investment (FDI) and stronger foreign exchange reserves as evidence of improved economic stability. Tinubu, who spoke in his …
The Nigerian National Petroleum Company Limited (NNPCL) has reported a 33 per cent increase in profit after tax (PAT) to ₦7.2 trillion in 2025, despite a 24 per cent decline in revenue to ₦34.5 trillion. The company, in its audited financial results for the year ended December 31, 2025, released on Tuesday, said the profit …
As Nigeria marks 66 years of independence, Veteran Nollywood actor, Richard Mofe-Damijo, popularly known as RMD, and other leading voices from the creative, media and communications sectors have called for collective action by Nigerians to change negative perceptions about the country and build a strong national reputation. They made the call during Pivot Nigeria's second …
Judge cites need to curb market dominance The Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to continue issuing and renewing petroleum products import licences for Matrix Energy, A.A. Rano and AYM Shafa, subject to the companies fulfilling all statutory and regulatory requirements. Justice Inyang Ekwo …
Dangote Industries Limited has secured the highest possible national credit rating of AAA(NG), with rating agency GCR Ratings citing the successful ramp-up of the Dangote Petroleum Refinery to full capacity as a major driver of the upgrade. GCR upgraded the Group’s long-term issuer rating by four notches from A+(NG) to AAA(NG), while its short-term issuer …
The Federal Government has approved the comprehensive modernisation and upgrade of the Onne, Rivers, Delta and Calabar ports as part of efforts to expand Nigeria’s maritime capacity, decongest Lagos and strengthen the country’s trade infrastructure. The Minister of Marine and Blue Economy, Adegboyega Oyetola, who disclosed this in a statement on Sunday, said the approval …
