March 2025 – Page 101

Fubara Sues For Peace Amid Tinubu’s Declaration

19.03.2025

Governor Siminialayi Fubara of Rivers State has appealed to the people of the state to be calm following President Bola Tinubu’s declaration of a state of emergency on Tuesday. Fubara said that despite the political crisis that rocked the state he ensured the protection of lives and properties and showed commitment to the rule of...

Court dismisses NNPCL’s objection in ₦100bn Dangote refinery suit

19.03.2025

A Federal High Court in Abuja has dismissed the Nigerian National Petroleum Company Limited’s objection to a ₦100 billion import licence lawsuit filed by Dangote Petroleum Refinery and Petrochemicals. Justice Inyang Ekwo, in his ruling, said the NNPCL failed to submit a counter-affidavit against Dangote Refinery’s claims and instead filed a preliminary objection, which goes...

Okpebholo, PDP Differ On Probe Of Obaseki $10m Spent On Observer Newspaper

19.03.2025

Edo State Governor Monday Okpebholo yesterday announced plans to probe the $10 million reportedly spent on the state-owned newspaper, The Nigerian Observer, by former Governor Godwin Obaseki. This also emerged on a day Chris Nehikhare, the PDP publicity secretary, in a statement, urged the governor to ask his Information Commissioner, Chief Press Secretary, and others...

PENGASSAN threatens strike over dispute with Saterling Oil

19.03.2025

The Petroleum and Natural Gas Senior Staff Association of Nigeria has threatened to withdraw all its members from every upstream operation unless Sterling Oil Exploration and Energy Production Company immediately addresses and fulfils all of the association’s demands related to their ongoing grievance. The President of PENGASSAN, Festus Osifo, issued the threat at a press...

Nwifuru Suspends 3 Commissioners, Sacks 2 Aides

19.03.2025

Ebonyi State Governor, Francis Nwifuru, has announced the suspension of three serving Commissioners of his administration for one month over alleged absenteeism. Commissioner for Information /Orientation, Engr Jude Chikadibia Okpor, disclosed this in Abakaliki, yesterday while briefing journalists on the outcome of the State Executive Council meeting. Okpor said Nwifuru equally directed that the suspended...

FG will strictly regulate private jet operations – Keyamo

19.03.2025

Minister of Aviation and Aerospace Development, Festus Keyamo, has reaffirmed plan by the Federal Government to introduce strict measures to regulate private jet operations and curb illegal charter activities. Underscoring this in his remarks at the Ministerial Press Briefing in Abuja, Keyamo warned that the government would implement new regulations to monitor private jet usage....

Ex-Minister Frowns On ‘Persecution’ Of Tinubu’s Critics

19.03.2025

Ex-Minister of Communications Adebayo Shittu yesterday condemned the threats to the lives of Nigerians expressing dissatisfaction with President Bola Tinubu’s administration. He was reacting to the issue of a National Youth Service Corps (NYSC) member serving in Lagos Ushie Uguamaye, who is facing threats for criticising the Tinubu administration over hardship in the country ....

IATA projects 2040 delivery of fresh orders

19.03.2025

As the aviation industry’s aircraft shortage worsens globally, the International Air Transport Association has said aircraft ordered by airlines during the year may not be delivered by the manufacturers until 2040, 15 years from now. IATA made this known through its website over the weekend while reviewing the challenge of capacity facing the aviation industry...

PMS: Nigeria Saves N4.8trn On Local Production Surge

19.03.2025

Nation’s oil production threatened as explosions rock 450,000 bpd TNP, other Local refiners have saved the country about N4.8 trillion ($3.20 billion) from sourcing foreign exchange from Central Bank of Nigeria (CBN) to import Premium Motor Spirit (PMS) in the last four months through the production of 5.34 billion litres of fuel. Findings revealed that...

Policymakers eye economic growth with bank recapitalisation, forex reforms

19.03.2025

Economic decision-makers are optimistic about the prospect of significant growth as financial sector regulators rally support for bank recapitalisation and foreign exchange reforms, writes FELIX OLOYEDE When President Bola Tinubu was sworn in in 2023, he expressed his ambition to grow the economy within the next eight years. Economic decision-makers also projected the economy can...