Author: Gbenga Olaleye

The Nigerian National Petroleum Company Limited (NNPC) has announced a substantial contribution of N8.86 trillion to the Federation Account between January and July 2025. The disclosure was made yesterday, marking one of the largest remittances by the national oil company in recent years, as the country continues to rely heavily on oil revenues for national development. In a related development, the NNPC has also highlighted its return to Ogoniland as a momentous step in Nigeria’s journey toward national reconciliation and inclusive growth. The oil-rich region, which has long been a focal point for environmental and socio-political unrest, is once again…

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed its members to immediately cease the supply of gas and crude oil to the Dangote Petroleum Refinery. This follows allegations that the refinery’s management has unlawfully terminated employees who are union members. The directive was issued in a formal letter signed by the union’s General Secretary, Comrade Lumumba Ighotemu Okugbawa. In the letter, PENGASSAN accused the refinery’s management of dismissing workers as retaliation for exercising their constitutional right to unionise. The letter reads in part: “We bring you fraternal greetings from the National Secretariat. As you are…

The Nigerian National Petroleum Company Limited (NNPC) reported cumulative revenue of N4.655 trillion as of August 2025, up from N4.406 trillion in July, despite a decline in crude oil and natural gas production due to scheduled maintenance. According to monthly reports obtained by PUNCH Online on Friday, the company’s profit after tax surged to N539 billion in August, a significant increase from N185 billion recorded in July. Statutory payments to the government also rose from N7.96 trillion in the first half of the year to N8.86 trillion by the end of July. Operational data revealed that crude oil and condensate…

President Bola Tinubu has extended heartfelt congratulations to Bishop David Oyedepo, founder of Living Faith Church Worldwide, as the prominent cleric celebrated his 71st birthday on Friday. In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu lauded Bishop Oyedepo’s enduring influence on Nigeria’s spiritual and educational spheres over several decades. Describing the presiding bishop of Winners Chapel as “a towering figure of influence and impact in Nigeria, Africa and beyond on spiritual, educational and philanthropic platforms,” the President praised Oyedepo’s discipline and dedication since the establishment of his ministry in 1982. He noted…

Peter Obi, the Labour Party’s presidential candidate in the 2023 general elections, has sharply criticised the recent trip taken by the wives of 21 local government chairmen in Adamawa State, which was allegedly funded by public money under the pretext of leadership training. In a statement posted on his verified X (formerly Twitter) handle on Friday, Obi described the development as a blatant abuse of public resources and a direct insult to the principles of good governance and accountability. “I have just read the disturbing report that the wives of 21 local government chairmen in Adamawa State were sponsored with…

Former Governor of Oyo State, Rashidi Adewolu Ladoja, has been officially installed as the 44th Olubadan of Ibadanland, marking a significant moment in the history of the ancient Yoruba city. The historic coronation ceremony took place on Thursday at Mapo Hall, Ibadan, where Governor Seyi Makinde formally presented the Staff of Office to the new monarch at precisely 3:08 p.m. The event attracted a host of dignitaries from across Nigeria, reflecting the cultural and political significance of the occasion. Among those in attendance were President Bola Tinubu, the Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar III, and several serving and…

President Bola Tinubu has arrived at the historic Mapo Hall in Ibadan, the Oyo State capital, to attend the coronation of Oba Rashidi Ladoja as the 44th Olubadan of Ibadanland. The President’s arrival was greeted with a rousing reception from a large crowd of dignitaries and residents, marking the climax of a week-long series of events celebrating the ascension of the new monarch. The ceremony has drawn prominent personalities from across the country, underscoring the national significance of the occasion as Ibadan celebrates the continuity of its revered monarchical institution. Ladoja, a former governor of Oyo State and senator, was…

A former Governor of Oyo State, Rashidi Ladoja, has been officially crowned as the 44th Olubadan of Ibadanland, marking a significant moment in the rich traditional history of the ancient city. The coronation ceremony took place at the Ose Meji Temple in Ibadan South-East Local Government Area, where Oba Ladoja received his royal title in accordance with longstanding custom. Earlier in the day, he was adorned with the sacred Akoko leaf at the Labosinde Compound, Oja’ba, a crucial step in the traditional rites leading to his ascension. READ ALSO: “Ladoja’s reign will pave way for modernisation of Ibadanland” — Prof.…

A new wave of industrial unrest is brewing in Nigeria’s oil and gas sector, following confirmation by the President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, that Dangote Petroleum Refinery has dismissed all its Nigerian workers shortly after they joined the union. In an exclusive interview on Friday, Osifo, who also serves as the President of the Trade Union Congress (TUC) of Nigeria, confirmed the development and expressed confidence that the decision would be reversed. “Yes, it is true. We saw the letter late last night (Wednesday),” Osifo stated. “I can assure you…

The leadership of the opposition coalition has called on its members to resign from their current political parties and fully join the African Democratic Congress (ADC), although no specific deadline has been set for this transition, New Daily Prime reports. The National Publicity Secretary of the ADC, Bolaji Abdullahi, made this announcement in Abuja on Thursday following a caucus meeting with senior party leaders and prominent political figures. Since its launch on July 2 as the coalition platform to challenge President Bola Tinubu in the 2027 general elections, the ADC has seen a handful of opposition leaders switch allegiance, but most…