TotalEnergies sells stake in Nigerian licences to Chevron
TotalEnergies has completed the sale of its stake in several Nigerian oil licences to Chevron, marking another shift in ownership within the country’s energy sector. The deal is part of the company’s ongoing strategy to streamline its portfolio and focus on assets it considers more profitable globally. Industry observers say the move reflects a growing […]
Naira records depreciation against US dollar across official, black markets
The Nigerian naira continued to face pressure as it recorded further depreciation against the U.S. dollar in both the official and black markets. Traders and financial analysts reported that the currency struggled throughout the day, reflecting ongoing supply shortages in the foreign exchange market. This drop has raised fresh concerns about currency stability and its […]
NCoS appoints Jane Osuji as first female national spokesperson
The Nigerian Correctional Service (NCoS) has made history by naming Jane Osuji as its first female national spokesperson. The announcement marks a major milestone for the agency, which has existed for decades without a woman in this key public communication role. Her appointment is being celebrated as a sign of progress in gender inclusion within […]
He was asked to step aside – Sowore alleges reason behind Defence Minister’s resignation
Activist Omoyele Sowore has alleged that the recently resigned Defence Minister did not leave office on his own. According to him, the minister was quietly asked to step aside by those in power, suggesting that the resignation may not have been voluntary. Sowore claimed that the public announcement was only a formal way to present […]
Why Nigeria’s 3.98% GDP growth rate hasn’t impacted on living cost – Economists
Economists have explained why Nigeria’s 3.98% GDP growth in the last quarter has not translated into cheaper living costs for citizens. According to them, the growth recorded is mostly “non-inclusive,” meaning it does not directly improve the daily lives of ordinary Nigerians. They noted that while the economy appears to be expanding on paper, the […]