Abuja

The Nigerian National Petroleum Company Limited (NNPC Ltd) has appealed to the Economic and Financial Crimes Commission (EFCC) to help tackle the menace of crude oil theft in the country. Olufemi Soneye, the chief corporate communications officer of NNPC Ltd, disclosed this in a statement on Monday. Mr Soneye said the Group Chief Executive Officer of the company, Mele Kyari, made the appeal at an interactive session with the Executive Chairman of EFCC, Ola Olukoyede, held at the NNPC Towers in Abuja on Monday.…

Fuel scarcity looms in the nation’s capital, Abuja, as commuters and commercial drivers formed long queues at fuel stations in different parts of the city on Friday. While there were queues at some filling stations visited on Friday, other stations were under lock and key. When this newspaper visited one of the stations, Chukuemeka Eze, a road transport worker, told PREMIUM TIMES that he had been in the queue in Apo for four hours under the scorching sun. Mr Eze told this reporter he had noticed the queues on…

The Nigerian government on Tuesday said that the Obiafu/Obrikom/Oben (OB3) gas pipeline will be completed by March 2024. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), disclosed this at the opening ceremony of the ongoing 7th edition of the Nigeria International Energy Summit (NIES 2024) on Tuesday. The ceremony took place at the presidential banquet hall in Abuja. “I am pleased to announce that the OB3 pipeline will be completed by March 2024, and the 42″ 127 km pipeline will supply 2BCF…

The Abuja Electricity Distribution Company (AEDC) has attributed the power outage being experienced in Abuja to a fault affecting the 33kV NIPP feeder and repairs on the transmission station at AT4. The management of AEDC made this known in a statement posted via its official X handle on Tuesday night. “The Management of Abuja Electricity Distribution Plc. (AEDC) wishes to notify its esteemed customers in (Abuja) that the power outage being experienced is due to a fault affecting the 33kV NIPP feeder and repairs…

Fuel queues returned to filling stations in Abuja on Monday, as the Nigerian Association of Road Transport Owners (NARTO) directed its members to withdraw services. A PREMIUM TIMES correspondent who visited petrol stations Monday morning found that some of the stations were shut while others were besieged by motorcyclists, tricycle owners, as well as private and commercial drivers. Many filling stations in Jabi, Wuse, Gwagwalada, Apo, Kubwa and Lugbe areas of the city sold the product at prices ranging from N660…

The Federal Inland Revenue Service (FIRS) said it did not experience a bomb scare at the agency’s headquarters in Abuja on Monday. The FIRS spoke after rumour of a bomb scare was circulated earlier on Monday. In a response to this newspaper, Dare Adekanmbi, special adviser on media to the FIRS chairman, said the situation arose from an unrelated event near one of the FIRS offices on Sokode Crescent, Abuja. Citing a report by the Director of Security, Safety, and Fleet Management at FIRS, Gregory Asuquo, Mr…

The Federal High Court, Abuja has restrained the Minister of Federal Capital Territor (FCT), Nyesom Wike, and the Federal Capital Development Authority (FCDA) from intruding into the Centenary Economic City Free Zone along Airport Road, Abuja. The judge, Inyang Ekwo, in a judgement, also issued an injunction restraining the Federal Capital Territory Administration (FCTA) and Arab Contractors (OAO) from further encroaching on the site. Mr Ekwo also made an order nullifying and setting aside in its entirety, all…

The Abuja Electricity Distribution Company (AEDC) has attributed the unstable power supply experienced in Abuja to insufficient power allocation. The management of AEDC made this known in a statement posted via its official X handle on Friday. “Dear valued customers, We would like to inform you that we are aware of the unstable power supply experienced in recent times essentially caused by insufficient power allocation to us. “This has constrained us to implement load curtailment directives across our franchise…

The rising cases of kidnapping in Abuja, Nigeria’s capital city, has left an undesirable economic impact on residents, a new report has said. SBM Intelligence, a research advisory firm, disclosed this in its report titled ‘Inside Nigeria’s Hostage Capital: Unraveling the Economic Impact of Abuja’s Kidnap Epidemic’, released on Thursday. The report explained that the current atmosphere of insecurity in Nigeria’s capital has contributed to a downturn in economic activities by 33 per cent. The rate of kidnap in…

Femi Otedola, billionaire businessman and chairman of Geregu Power Plc, today emerged as the chairperson of the board of FBN Holdings Plc, whose flagship arm is First Bank.The change of guard happened at a meeting of the Board of Directors of the Group in Lagos on Wednesday, company insiders told PREMIUM TIMES. Mr Otedola succeeds Ahmad Abdullahi, a seasoned economist who was appointed chair of the Holdco on 17 December 2021. Mr Otedola became a non-executive director of FBN Holdings on 14 August 2023, months…