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Seplat to revive 400 oil blocks

15.12.2024
Seplat Energy Plc has revealed plans to revive hundreds of idle Nigerian oil wells after completing its purchase of Exxon Mobil Corp’s onshore oil and gas assets in the West African nation. A report by Bloomberg on Friday stated that the oil company is revitalizing idle wells and bringing them back into production. The report...
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World Bank may approve $500m loan to Nigeria today

15.12.2024
The Board of the World Bank Group is expected to meet and decide on approving a $500m loan to Nigeria today (Friday) to boost rural access and agricultural marketing in the country, The PUNCH reports. According to information obtained from the Washington-based institution on Thursday, the loan is for the Rural Access and Agricultural Marketing...
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World Bank urges $30tn investment to meet 2050 emissions targets

15.12.2024
The World Bank has called for an additional $30 trillion investment to achieve global net-zero emissions goals by 2050. In its “Net-Zero Industry Tracker 2024 Edition” report released on Friday, the global financial institution emphasised that without this significant capital injection, efforts to decarbonise hard-to-abate industries such as cement, steel, aviation, and heavy manufacturing could...
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Emzor to tackle drug abuse with N1bn

14.12.2024
Emzor Pharmaceutical Industries Limited has unveiled its plan to establish a N1bn foundation with the motive to frontally combat the menace of drug abuse among the youths and society at large. The pharmaceutical company made this known during a recent annual Thanksgiving and 40th Anniversary Dinner held in Lagos. Founder/Group Managing Director of the company,...
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Seplat completes $1.28bn purchase of Mobil Nigeria

14.12.2024
Seplat Energy Plc has finalised the $1.28bn acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil, marking a milestone in the company’s growth strategy. In Thursday’s release signed by the Chief Executive Officer, Seplat Energy Plc, Roger Brown, the energy company announced the completion of the transaction, having been approved by President Bola Ahmed Tinubu and...
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Imported petrol landing cost drops to N900/litre

14.12.2024
The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores, has seen a considerable reduction of N36, dropping to N900.28 per litre on Thursday, The PUNCH reports. According to the latest data released by the Major Energies Marketers Association of Nigeria, the landing cost dropped from around N936.75 per litre,...
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Oyebanji thrilled by flight operation approval for Ekiti airport

14.12.2024
Ekiti State Governor, Mr. Biodun Oyebanji is excited by the approval of the Nigeria Civil Aviation Authority for Ekiti Agro-Allied International Cargo Airport, Ado Ekiti, to begin non-scheduled flight operations effective from December 15, 2024. Reacting to the approval, the Ekiti State number one citizen described it as “a welcome development and a justification for...
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Pension fund assets hit N21.92tn in October – PenCom

14.12.2024
The National Pension Commission has disclosed that the total pension fund assets under the Contributory Pension Scheme have risen to N21.92tn as of October 2024, with contributions from 10.53 million registered participants. The commission further anticipates that the assets will surpass N22tn by the end of the year. The disclosure was made by the Director-General...
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Firm unveils calcium carbonate plant

14.12.2024
Manufacturing firm, Izedon Carbonates, has inaugurated its production plant in Lampese, Edo State, in a bid to bolster Nigeria’s non-oil revenue and reduce the importation of calcium carbonates. In a statement, Izedon Carbonates, trading as IzeCarb, said it put up a state-of-the-art facility, equipped with advanced automated machinery, the first of its kind in the country,...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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