Day: March 11, 2025

Wale Tinubu hails Oando’s Trinidad refinery lease as Afro-Caribbean landmark

Editor

Oando Nigeria’s subsidiary, Oando Trading, has been officially selected as the preferred bidder to lease the refinery assets of Guaracara Refining Company from Trinidad Petroleum Holdings Ltd. The selection followed a formal written notification and an announcement by the Honourable Minister for Energy of Trinidad and Tobago on February 27. A corporate disclosure released through the Nigerian Exchange Ltd. on Tuesday reported that Oando Nigeria is listed on both the NGX and the Johannesburg Stock Exchange. Oando’s Group Chief Executive, Wale Tinubu, said that the development underscored the company’s track…

Tinubu in closed-door talks with PANDEF leaders at Aso Villa

Editor

President Bola Tinubu is meeting with leaders of the Pan Niger Delta Forum at the Council Chamber of the State House, Abuja. Tuesday’s meeting began at 04:15 pm (local time) when the President arrived at the venue. Convened by the elder statesman, Edwin Clark, who passed away in February, PANDEF is the mouthpiece of the traditional rulers, leaders, and stakeholders of the coastal states of the Niger Delta. At Tinubu’s request, the gathering observed a minute’s silence in Clark’s honour. It is one of a series of meetings between the…

Economic Uncertainty Drives Bitcoin Below $77K

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Bitcoin and other major cryptocurrencies tumbled on Tuesday as concerns over the US economy and trade tensions grew. Bitcoin dropped 3.2% to $79,937 after hitting a low of $76,624. Ethereum fell sharply by 7.5% to $1,911. The global crypto market cap declined 4.3% to $2.6 trillion, The Economist reports. Solana, XRP, Cardano and Dogecoin also suffered losses, with Dogecoin plunging 8.5%. Investor confidence weakened after former US President Donald Trump, in a Fox News interview, mentioned a “period of transition” but did not clarify if his tariff policies might lead…

Soludo: Noise Ban Targets Pollution, Not Religious Practice

Editor

Anambra State Governor, Prof. Chukwuma Soludo, has dismissed claims that he banned evangelism in the state, clarifying that his focus was strictly on curbing noise pollution, which is already prohibited under an existing public health law. Soludo faced criticism after a viral video showed him confronting an unidentified street preacher in a market on Saturday. In the footage, the governor ordered the preacher to stop causing a disturbance, reminding him of the law against noise pollution. He advised him to take his preaching to a church or a designated space,…

Naira-Crude Contract Under Discussion Between NNPCL and Dangote

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NNPCL and Dangote Refinery have commenced negotiations to renew their naira-for-crude oil agreement, which is scheduled to expire on March 31, 2025. This move follows the refutation by NNPCL of reports alleging the deal’s suspension until 2030. NNPCL clarified that the initial agreement, a six-month pilot program initiated in October 2024, saw Dangote Refinery receiving 48 million barrels of crude oil, valued at approximately N486.31 billion between October and December 2024, with a total of 84 million barrels supplied since the refinery’s 2023 launch. Olufemi Soneye, NNPCL’s Chief Corporate Communications…