₦airaland Forum

[b]The Lagos State Government has signed a Memorandum of Understanding (MoU) with the internationally renowned construction company, Summa Group, for the development and construction of the Lekki-Epe International Airport.

Governor Babajide Sanwo-Olu announced the agreement on Saturday via his official X (formerly Twitter) account.[/b]

Sanwo-Olu described the project as a transformative initiative aimed at improving connectivity in Lagos, boosting economic growth, and attracting global investments.

“We signed a Memorandum of Understanding (MoU) with the internationally acclaimed construction company, Summa Group, to develop and construct the much awaited Lekki-Epe International Airport.

“This groundbreaking initiative is an essential part of our vision to improve connectivity in Lagos, stimulate economic growth, and draw in global investments,” the governor’s tweet read in part.

He emphasized that the Lekki-Epe International Airport would enhance travel and create new opportunities for businesses and residents across the state.

What you should know.

The construction of a new airport in the Lekki axis has long been a key component of the Lagos State Government’s development agenda, as the region is one of the state’s four major growth corridors.

• According to earlier reports, the first phase of the Lekki International Airport project is expected to cost approximately $450 million, with initial plans for operations dating back to 2012.

• In 2022, the Federal Government officially approved the airport’s construction, with the then-Minister of Aviation, Hadi Sirika, presenting the approval at the Lagos Economic Summit held at Eko Hotel and Suites.

• Earlier this 2024, Governor Babajide Sanwo-Olu announced plans to establish a Sovereign Investment Fund to support strategic infrastructure projects, including the Lekki-Epe International Airport. He also urged the Nigeria Sovereign Investment Authority to consider investing in the project to accelerate its development.

• In January 2024, the Lagos State Government revealed plans to establish a state-owned airline for passenger operations, aligning with the final stages of preparation for the Lekki airport.

• By September 2024, the state government announced discussions with the Portuguese construction firm Mota-Engil Consortium as a potential partner for the airport’s development. However, in a significant shift, the government has now signed an MoU with the Russian company Summa Group to execute the project.

Notably, Lagos State’s N3.367 trillion 2025 budget allocates N1.052 trillion for infrastructure development, with several key projects planned around the proposed Lekki-Epe International Airport. These include the construction of the Lekki-Epe (Orisa) Bridge and its approach road, as well as the Lekki-Epe Airport Road, both of which will enhance access to the new airport and surrounding economic hubs.

Palm oil, scientifically known as Elaeis guineensis Jacq is a common edible oil in many Nigerian households.

The oil derived from the mesocarp of the oil palm fruit is a key ingredient in numerous Nigerian cuisines, ranging from stews to soups to frying.

It is also a major ingredient for pharmaceutical and cosmetic industries to produce drugs and skincare products.

Nigeria is the fifth largest producer of palm oil in the world with 1.4 million metric tons, reflecting the huge production gap.

To increase the quantity and make surplus gains, experts warn that traders now add water and artificial colouring agents such as red oxide — used for painting gates, to litres of palm oil, which can increase cancer risk as well as cause liver problems.

Alphonsus Inyang, president of the National Palm Produce Association of Nigeria has warned against this criminal practice and encouraged the Federal Competition and Consumer Protection Commission (FCCPC) to work together with the association towards curbing this act.

“We need the FCCPC to work with us because we need the protection that they offer. We also need to work with the police so that we can go around with them to identify where these things happen,” he said.

“These things don’t happen in the mills. They happen in places where they sort and grade palm oil,” he added.

BusinessDay looks at top five ways Nigerians can identify fake palm oil which has become rampant across markets in the country and poses several health risks.

Deep reddish colour

According to experts, the fake palm oil has a deeper red colour than the original palm oil.

This is because certain colouring additives like red oxide, Azo dyes particularly Sudan III and IV, are used to enhance their colour.

Nigerians can therefore look out for palm oil with deep shades of red colour when next they go to shop in markets.

“Red oxide is mixed with original palm oils so they become more red. This is one of the simplest ways to identify the fake oil. Their colour is a deeper red than original palm oil,” Alphonsus told BusinessDay in a telephone interview.

Unpleasant taste

It is customary for adulterated palm oil to leave a bad after-mouth taste. The presence of colouring additives gives off an unpleasant taste even after cooking.

Experts say they leave a foul taste in the mouth even when and after eating, the taste still lingers.

For several Nigerians, the original taste of palm oil is like that of ‘Banga’.

“When you are eating it, the taste of the palm oil is still there. In a normal house, everybody knows the right taste of palm oil,” the palm oil president said.

Foul odour

Like the taste, fake palm oil gives off a foul odour when cooking. Experts refer to this odour as ‘chalky’.

When used to cook, they produce a pungent smell that takes a while to disperse.

Smokes too quickly

The fake palm oil smokes very quickly when used to cook or fry. They begin to produce much smoke within seconds of being on the gas or stove, experts say.

“It smokes too quickly. If you put a little in the pot, like say you want to fry or you want to add onions, once you put it in the pot, the whole kitchen becomes smokey. This is fake palm oil,” said Alphonsus.

Bleaches very fast

Adulterated palm oil turns into what might appear like vegetable oil within seconds of being on low heat. The chemical additives make it bleach faster than it is supposed to.

Former Kaduna State Governor, Nasir El-Rufai, on Monday, dismissed claims that he failed to support President Bola Tinubu during the 2023 presidential election, stating that he has moved on from such allegations.

Tinubu, backed by the All Progressives Congress, won the election against the main opposition candidates — Atiku Abubakar of the Peoples Democratic Party and Peter Obi of the Labour Party.

El-Rufai, a key APC chieftain, has been at the centre of political discussions, recently asserting that his views on governance would remain unchanged regardless of his role in the Tinubu-led administration.

On Sunday, an X user, Yusuf Tukur, tweeting as #realYusufTukur, claimed that Tinubu and his allies had actively sought El-Rufai’s support before the election but later accused him of not backing the president.

“When they were desperately seeking El-Rufai’s support, #officialABAT and his goons were everywhere singing Malam’s praises. Given their penchant for ingratitude, however, they’ve turned around to claim that Malam didn’t even support PBAT. But these testimonies say otherwise,” the tweet read.

In response, El-Rufai stated via his X handle that he had no personal expectations from his political actions, adding that the unfolding events were simply a reflection of human nature.

“We did what we did for God, country, and party, expecting nothing in return. What is unfolding is merely another life experience and part of human nature. We have moved on, but their conscience won’t let them sleep well. Thanks anyway,” he wrote.

Further clarifying his stance on governance, El-Rufai had said he does not subscribe to political pretence, likening certain politicians to actors.

“Truly, I don’t know how to pretend. Being a Nollywood actor in governance is for some others, not for some of us,” he remarked.

The National Identity Management Commission has identified over 6,000 Nigeriens registered on its database with the National Identification Number.

This was as President Bola Tinubu directed an inter-ministerial committee to ensure comprehensive data for the National Social Register for the Federal Government’s social investment programmes.

Impeccable sources in the Presidency told Saturday PUNCH that the Minister of Interior, Olubunmi Tunji-Ojo, briefed the Federal Executive Council on Tuesday, February 4, 2025, on the activities of NIMC, an agency under his purview.

The minister reportedly affirmed that the NINs were withdrawn from the illegal holders in an ongoing database clean-up.

On October 13, 2022, the Defence Headquarters in Abuja said troops in conjunction with the Nigeria Police and operatives of the Nigeria Immigration Service intercepted two suspected fake NIMC officials.

The Director of Defence Media Operations at the time, Maj.-Gen. Musa Danmadami, in a statement, said, “It was revealed that the suspects had visited the Gagamari IDP camp in the Niger Republic to register non-Nigerians in the IDP camp.

“Items recovered from the suspects include National Identification Number registration machine, printing machine, laminating machine, a computer tracking machine and a generator set among other items.”

The fake agents were reportedly charging non-Nigerian citizens, primarily from neighbouring countries such as Niger Republic, to obtain Nigerian NIN.

Investigations revealed that such fraudulent registrations occurred in border communities, further heightening the risk of unauthorised access to Nigerian identity credentials.

The NIMC enrols citizens and legal residents, assigning them a unique NIN.

The 11-digit number is tied to an individual’s biometric and demographic data, providing a centralised system to verify personal identity for various governmental and private transactions.

Sources at the Presidency told our correspondent that President Tinubu wanted the existing database to reflect the details of the most vulnerable Nigerians who needed social interventions such as conditional cash transfers and student loans.

A source said, “It was the Minister of Interior that gave that briefing because, you know, NIMC is under him.

“The interior minister said NIMC is tidying up the database because they found over 6,000 people from Niger Republic who obtained NIN. But they have been wiped from the database.

“The humanitarian ministry needs the data for its social register to perform its function. Also, the education ministry needs that data for student loans. The President doesn’t want to disburse money to people they cannot identify. They (NIMC) are ensuring that they verify the data. They are also registering more Nigerians and fine-tuning the data. So, the President wants it done quickly.”

The source revealed that after the briefing, the President asked the national security adviser and the interior minister to join an existing panel overseeing the humanitarian ministry.

Recall that while announcing the suspension of the former Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, on January 7, 2024, Tinubu asked a panel headed by the Coordinating Minister of the Economy and Minister of Finance to, among other functions, “conduct a comprehensive diagnostic on the financial architecture and framework of the social investment programmes to conclusively reform the relevant institutions and programmes in a determined bid to eliminate all institutional frailties for the exclusive benefit of disadvantaged households and win back lost public confidence in the initiative.”

On January 12, the President suspended all Social Investment Programmes administered by the National Social Investment Programme Agency, including the school feeding programme, for six weeks.

A day later, he approved the establishment of a Special Presidential Panel to be led by Mr Wale Edun.

The SPP included the Coordinating Minister of the Economy and Minister of Finance as Chairman, and the Coordinating Minister of Health and Social Welfare, Prof. Ali Pate, as a member.

Other members are the Minister of Budget and Economic Planning, Abubakar Bagudu; the Minister of Information and National Orientation, Muhammad Idris; Minister of Communications, Innovation and Digital Economy, Bosun Tijjani; and the Minister of Youth, Ayodele Olawande.

The panel now includes the National Security Adviser, Nuhu Ribadu; the Interior Minister, Tunji-Ojo; the Education Minister, Tunji Alausa; and the Humanitarian Affairs Minister, Dr Nentawe Yilwatda.

Another source at Tuesday’s FEC meeting said, “It is an inter-ministerial committee; the President asked the Minister of Humanitarian Affairs and the Minister of Interior to join. The National Security Adviser is also on that committee. The interior minister is there because, you know, NIMC is under him.”

Giving further context to the developments, the Director-General of NIMC, Bisoye Coker-Odusote, said the agency was working to ensure transparency and accuracy in government payments, particularly for humanitarian purposes.

In a phone interview with our correspondent on Friday, she said, “There is a presidential panel for the humanitarian ministry. If you recall, when the former minister left, they set up an interim panel. So the Minister of Interior and the others have been added to that panel to ensure that they can use the NIN to make payments for humanitarian ministry so that the NIN can be used to ensure accuracy and transparency.

“This literally means that the people collecting money are not ghost beneficiaries, they’re real people, and they’re identifiable. So, you have to use a verifiable set of records to identify them, and that’s where NIMC comes into play using the NIN.

“It will save the country a lot of money if you can tie NIN and identify those beneficiaries. That way, everything is transparent. Nigerians can see that the government has made the right choice and has paid the people that receive the money. The people that really need the money are the ones that get the money.”

Coker-Odusote added that the data clean-up would ensure accurate and verifiable details on the National Social Register.

“The National Social Register under humanitarian [ministry] houses the names of all the beneficiaries they want to pay.

“Now, you have to be able to verify the identities on those social registers, which means they must have a NIN for you to be able to make your payment.

“That way, you just ensure people don’t put fictitious names on the list. You’re able to make sure you verify the identities of those people. Once you’re able to verify the identity, you can make payments,” she added.

The NIMC DG clarified that recent reports about SIM registration concerns stemmed from the telecommunication companies, which had been rectified.

“What has been in the news about NIN-SIM linkage is from the telcos’ end. The telcos have more than one number for each person.

“So, they had an issue, a glitch on their end, and they corrected it already. It has nothing to do with NIMC. We don’t collect more than one phone number,” she stated.

As of the time of filing this report, the spokesperson for the Nigeria Immigration Service, Mr Sola Akinlabi, declined to comment on the issue.

Security experts argue that undocumented foreigners holding a NIN is not new, adding that the tide will continue if there is no political will to stem it.

An expert, Brig. Gen. Aliyu Momoh (retd.), said, “There is nothing new in what is happening in the country. Our borders are porous. But the political will is what is lacking.

“Everywhere you go in some northern states, you see many non-Nigerians moving freely without documentation. Can Nigerians do that in Chad or Cameroon? No! Can you walk in Niger Republic without your papers as a Nigerian?

“However, because of socio-cultural and religious factors, there has not been much action taken for several years now. But I will give it to the current leadership, both of the President Bola Tinubu and the Service Chiefs. There is so much to be done. But we must give it to them.”

A federal judge on Wednesday blocked the implementation of United States of America President Donald Trump’s executive order targeted at restricting birthright citizenship in the United States.

The ruling indefinitely halts one of Trump’s controversial policies, which was set to take effect nationwide on February 19.

According to The New York Times, District Judge Deborah Boardman stated that denying birthright citizenship would cause irreparable harm.

Judge Boardman emphasized that Trump’s order conflicts with the plain language of the 14th Amendment, which guarantees citizenship to anyone born in the country.

“The denial of the precious right to citizenship will cause irreparable harm.

“No court in the country has ever endorsed the president’s interpretation,” Boardman said, adding “This court will not be the first,” as reported by The New York Times.

The latest ruling follows a similar decision by a federal judge in Washington state, who issued a 14-day stay on the order in January.

Recall that Judge John Coughenour described the measure as “blatantly unconstitutional,” prompting Trump to announce his intention to appeal.

The legal challenge centres on the 14th Amendment, ratified in 1868, which grants citizenship to all individuals born in the United States.

DAILY POST reports that Trump’s executive order put forward the argument that those in the country illegally or on temporary visas were not subject to US jurisdiction and therefore not entitled to citizenship.

As the 2027 general elections draw closer, opposition parties and dissatisfied members of the ruling All Progressives Congress (APC) are intensifying their behind-the-scenes consultations, strategizing to form a formidable coalition against President Bola Tinubu’s administration.

Key political stakeholders from the North and South, including opposition parties, APC defectors, and civil society groups, are engaged in talks to establish a united front.

While the full details of the strategies remain closely guarded to avoid APC suppression, sources revealed that the belief is growing within the opposition that the current administration’s policies have created vulnerabilities that can be exploited.

Northern stakeholders, in particular, are leaning toward a coalition aimed at unseating Tinubu, citing the negative impact his administration’s policies have had on their region.

Among those leading the talks are Olawale Okunniyi, Director General of the National Consultative Front; Ralph Okey-Nwosu, National Chairman of the African Democratic Congress; and Dr Usman Bugaje, a former presidential aide and civil society leader.

Okunniyi confirmed that the consultations involve key members from the APC, Peoples Democratic Party (PDP), Labour Party (LP), New Nigeria Peoples Party (NNPP), as well as youth movements.

He said a national summit is scheduled for May, which will bring together influential figures to shape the future of the opposition coalition.

According to Okunniyi, the opposition movement will be unveiled either through the adoption of an existing party or the formation of a new one.

He stressed that the goal is to safeguard democracy, build a stronger political system, and create a powerful opposition, similar to how the APC once united to topple the previous government.

“We are targeting June or July, following our national summit in May. This summit will bring together key figures to shape the future of what will be a formidable, ultra-mega opposition movement. Expect something concrete by July,” Okunniyi told Punch.

He also hinted at the involvement of major political figures such as Atiku Abubakar and Peter Obi, both of whom are actively engaged in consultations about their roles within the movement.

He added that discussions about rebranding and restructuring existing parties are underway, with the possibility of adopting the PDP or other parties under consideration.

Okunniyi noted that these moves will require the consent and restructuring of leadership within those parties to ensure openness to changes.

Meanwhile, ADC National Chairman Ralph Okey-Nwosu confirmed that talks for the coalition are progressing but stressed the need for caution to avoid interference from the ruling APC.

“The current administration is weak, and Nigerians are frustrated under this government. We are mobilizing a citizens’ movement to reclaim the country in 2027,” Okey-Nwosu said.

Bugaje, a prominent northern figure, also expressed discontent with Tinubu’s administration, suggesting that a viable alternative would emerge before the 2027 elections.

Exporting palm oil is a lucrative opportunity for Nigerian exporters to tap into global markets. However, success in the competitive international market requires more than enthusiasm; it demands careful planning, quality control, and overcoming logistical and financial hurdles.

Here’s a concise guide to help you navigate the key steps to exporting palm oil in 2025.

1. Conduct in-depth market research

Before exporting palm oil, conduct thorough market research to identify your target market—whether in Europe, Asia, Africa, or the Americas. Understand demand, regulatory requirements, and market trends in each region.

This includes researching consumer preferences, import restrictions, certifications, and product standards. Knowing your market helps you identify reliable buyers and distributors and ensures that your product meets local expectations and regulations.

2. Register your business and secure licenses

To legally operate as a palm oil exporter in Nigeria, register your business with the Corporate Affairs Commission (CAC) and obtain an export license from the Nigerian Export Promotion Council (NEPC).

Ensure your palm oil meets the quality standards of the Standard Organization of Nigeria (SON) and NAFDAC. Also, register with the Nigeria Customs Service to facilitate smooth export clearance and avoid compliance issues.

3. Source high-quality palm oil

Quality is key in the international market. Buyers expect high-quality palm oil that meets global standards. Work with reputable mills or farmers who follow proper processing methods to eliminate impurities.

Regular quality testing and certifications from SON or other relevant authorities will ensure your product adheres to international standards, increasing buyer confidence.

4. Proper packaging and labelling matters

Packaging is essential for protecting your product and ensuring it meets international standards. Use durable, food-grade containers such as plastic drums, jerry cans, or bulk containers.

Each package should include key information such as production date, expiration date, and country of origin. Be sure to comply with the specific packaging and labelling requirements of each target market to avoid issues with customs or importation.

5. Use digital marketing to find buyers

Leverage digital platforms to find reliable buyers. Websites like Alibaba, Global Sources, and ExportersIndia offer B2B marketplaces for connecting with global distributors.

Participate in online trade fairs and use digital marketing to build your network. A strong online presence is crucial for competing in global markets, especially in sectors like food processing and cosmetics.

Once you identify potential buyers, draft an export contract with clear details on product specifications, payment terms (e.g., Letter of Credit), and delivery terms (e.g., FOB, CIF).

6. Work with freight forwarders for smooth exportation

Shipping is one of the most complex aspects of the export process. Choose the best shipping method based on your buyer’s location. Air freight is suitable for small, high-value shipments, while sea freight is more cost-effective for bulk shipments. Partner with experienced freight forwarders who can handle logistics, customs documentation, and shipping processes.

This ensures timely delivery and helps avoid shipping delays or issues with international regulations. Required export documents include a Commercial Invoice, Packing List, Bill of Lading (or Airway Bill), Certificate of Origin, Quality Certification, and a Phytosanitary Certificate (if needed).

7. Overcome challenges with strategic solutions

Exporting palm oil from Nigeria comes with challenges such as high logistics costs, quality control issues, strict international regulations, and competition from dominant producers like Malaysia and Indonesia.

To overcome these, Nigerian exporters should improve product quality by adopting modern processing techniques and obtaining certifications like RSPO (Roundtable on Sustainable Palm Oil) and Good Manufacturing Practices (GMP).

Government support through low-interest loans and export incentives can ease financial constraints. Additionally, partnering with experienced freight forwarders can help reduce shipping costs, while networking at trade fairs and using digital platforms can enhance visibility.

Building a profitable palm oil export business

Exporting palm oil in 2025 offers immense potential for Nigerian agripreneurs willing to invest in quality, research, and strategic planning.

By following these seven steps—from market research to overcoming logistical hurdles—exporters can navigate the complexities of international trade and build a successful business.

With careful attention to detail and a commitment to global standards, Nigerian palm oil can effectively compete in the global market, driving economic growth and increasing Nigeria’s share in the palm oil industry.

An emerging trade war between the United States and China could drive U.S. crude exports lower in 2025 for the first time since the pandemic by reducing access to the Chinese market, according to analysts.

That outlook reflects a potential unintended consequence of President Donald Trump's protectionist policies, running counter to his administration's vow to maximize already record-high U.S. oil and gas production.

The U.S. has grown into the world's third-largest exporter behind Saudi Arabia and Russia since it lifted a 40-year federal ban on exports of domestic oil in 2015. While U.S. crude exports grew only slightly in 2024, the last time they fell was in 2021, after the COVID-19 outbreak slashed global energy demand.

"International demand for U.S. crude may be peaking out, and this could only further accelerate that," said Matt Smith, an analyst at Kpler.

Rohit Rathod, a senior analyst with ship tracking firm Vortexa, said he expected total U.S. oil exports to slip to 3.6 million barrels per day in 2025 from 3.8 million bpd in 2024, as Chinese tariffs keep some U.S. oil grades at home.

China consumes around 166,000 barrels of U.S. crude daily, roughly 5% of all U.S. export cargoes. Some of that could stay on U.S. shores or be diverted to other markets after Beijing announced retaliatory tariffs this week.

The fall in exports would most likely be made up of medium density types of oil with a higher sulfur content, such as Mars and Southern Green Canyon that are considered medium-sour grades. Those types made up about 48% of the U.S. crude imported by China last year.

Such grades are ideal for U.S. refineries and could easily find buyers domestically - particularly if the United States follows through on its threats to impose new tariffs on Canadian and Mexican oil, analysts said.

"Medium sours are welcome barrels in the U.S. Gulf Coast. Refiners need it," Rathod said.

Most of the rest of China's crude imports from the U.S. were lighter density, lower-sulfur types, such as West Texas Intermediate, which are known as light, sweet grades.

That type of oil could be diverted to European and Indian refiners at competitive prices, analysts said.

The Louisiana Offshore Oil Port handled nearly half of all exports to China last year, according to Kpler.

The company was not immediately available for comment.

Another 25% of U.S. exports to China came from Enbridge's (ENB.TO), opens new tab Ingleside, Texas, facility near Corpus Christi, Kpler data showed.

"The light sweet market is so wide and liquid, we don't see it having an impact on exports," a source familiar with Enbridge's Ingleside operations said.

China accounted for less than 15% of the site's export volumes last year.

Enbridge did not immediately provide comment.

Among the top sellers of U.S. crude to China is Occidental Petroleum (OXY.N), opens new tab, which sold at least 13 cargoes of light, sweet WTI Midland there in 2024, according to Kpler.

Occidental did not immediately reply to a request for comment.

For China, the impact is likely muted as U.S. imports accounted for just 1.7% of the country's total crude imports in 2024, worth about $6 billion, according to Chinese customs data, and down from 2.5% in 2023.

China had increased imports from Canada by about 30% last year to over 500,000 bpd, thanks to the expansion of the Trans Mountain pipeline. China's appetite for U.S. oil has also diminished in recent years due to discounted Russian and Iranian oil.

The case underscores the growing scrutiny of corporate debt defaults and the increasing willingness of banks to pursue aggressive legal measures to recover funds.

A Federal High Court has issued Mareva injunctions freezing assets and accounts linked to General Hydrocarbons Limited, its affiliates, and media mogul Nduka Obaigbena over an alleged $225.8 million debt.
The court’s decision follows a legal battle initiated by First Bank of Nigeria Ltd and FBNQuest Trustees Ltd, both subsidiaries of FBN Holdings Plc, seeking to recover outstanding loan facilities.

According to court documents obtained, the plaintiffs claim that General Hydrocarbons, an oil and gas company owned by Obaigbena, defaulted on the loan repayment as of September 30, 2024.

The company, which operates Oil Mining Lease (OML) 120, is now subject to severe financial restrictions.

Court Order and Financial Restrictions

The Mareva injunctions restrain major commercial banks, including Guaranty Trust Bank, Access Bank, Zenith Bank, and First Bank, from releasing funds or facilitating transactions involving the defendants.

Digital platforms such as Paystack and Piggyvest were also directed to freeze accounts associated with the embattled company and its affiliates.

“An order of Mareva injunction restraining all commercial banks in Nigeria, including Guaranty Trust Bank Limited, Access Bank Plc, Citibank Nigeria Limited, Carbon Bank, Ecobank Nigeria Plc, Fidelity Bank Plc, First Bank of Nigeria Limited, First City Monument Bank Plc, Globus Bank, Heritage Bank Limited, Jaiz Bank, Keystone Bank Limited, Opay Digital Services Limited, PalmPay Limited, Paystack Payments Limited, Piggyvest, Momo Payment Service Bank Limited, Polaris Bank Limited, Providus Bank, Stanbic IBTC Bank Nigeria Limited, Standard Chartered Bank, Sterling Bank Plc, SunTrust Bank Limited, Union Bank of Nigeria Plc, United Bank for Africa Plc, Unity Bank Plc, Wema Bank Plc, Zenith Bank Plc, and all other financial institutions operating in Nigeria, from releasing or dealing with any funds or assets due to the GHL up to the sum of $225,802,379.69,” the injunction states.

In addition, companies involved in oil block OML 120 operations were directed to submit production and revenue records. Proceeds were diverted to the plaintiffs' account pending further hearings.

Allegations of fund diversion

According to the court filings, the loans were initially secured with crude oil stocks, insurance policies, and receivables.

However, the plaintiffs allege that the funds were misused for personal expenditures, including luxury real estate acquisitions and private jet operations.

Sources familiar with the case disclosed that the financial institution sought court intervention to prevent the defendants from depleting assets before a final ruling.

The injunctions also extend to individual directors of General Hydrocarbons, barring them from selling or transferring personal assets within Nigeria.

Implications for the financial and media landscape

The legal action against General Hydrocarbons and Obaigbena could have broad implications for corporate governance and financial oversight in Nigeria.

The case underscores the growing scrutiny of corporate debt defaults and the increasing willingness of banks to pursue aggressive legal measures to recover funds.

Market analysts noted that the development immediately impacted FBN Holdings’ stock, which fell 1.27% to close at N31.05 on Thursday.

Investors are closely monitoring the proceedings, with concerns about potential ripple effects on the financial services and media industries.

What happens next?

Legal experts suggest that the court’s decision to impose a Mareva injunction indicates the severity of the allegations and the need to prevent asset dissipation.

The case is ongoing, and further hearings are expected to clarify whether the frozen assets will be liquidated to settle the outstanding debt.

Observers anticipate that the outcome could shape future legal approaches to corporate debt disputes in Nigeria.

If upheld, the court’s order may serve as a precedent for financial institutions seeking to secure claims against delinquent borrowers.

As the legal battle unfolds, stakeholders in Nigeria’s financial and energy sectors await the court’s final ruling, which could determine the fate of General Hydrocarbons and its influential owner, Nduka Obaigbena.

A witness in the trial of former Acting Accountant General of the Federation (AGF), Chukwunyere Anamekwe Nwabuoku, has disclosed how the ex-AGF opened multiple bank accounts to divert public funds.

Naija News reports that Anamekwe is facing trial on a nine-count amended charge of money laundering to the tune of ₦868,465,000 brought against him by the Economic and Financial Crimes Commission (EFCC).

Speaking at Friday proceedings, the witness, Eucharia Ezeobi, a Zenith Bank staff member, told Justice James Omotosho of the Federal High Court, Abuja, that she opened four company accounts for contractors with the Federal Ministry of Defence.

Ezeobi, the EFCC’s first witness (PW1), stated that the four companies are Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arafura Transnational Afro Limited.

Led in evidence by EFCC’s counsel, Ekene Iheanacho, a Senior Advocate of Nigeria, Ezeobi disclosed that most withdrawals from the accounts were in cash, adding that the defendant benefited from them.

Iheanacho tendered the accounts opening packages before the court and marked them as Exhibits PWB by Justice Omotosho.

Also, the EFCC’s second witness (PW2), Felix Nweke, identified himself as a director at the Office of the Accountant General of the Federation. He said he was the deputy Director, Finance, at the Federal Ministry of Defence between 2018 and 2020.

Nweke said he worked under the defendant, facilitating payments. The witness told the court that the defendant asked him to open company accounts so he could access funds.

He mentioned contacting Gideon Joseph, a resource person to the ministry, stating the director instructed them to open the accounts with Zenith Bank.

Nweke narrated that he met Ezeobi at the bank, and she opened accounts for them, stating that he always receives instruction from the Director to raise funds or make transfers to people and would normally oblige.

During cross-examination, Nweke said the ministry is funded by the Appropriation Bill signed by the President. He admitted that Anamekwe is not an approving officer in the ministry but conveys the approval for the release of funds.

An elder statesman, Usman Bugaje, has opined that the deteriorating condition of Northern Nigeria is facing serious challenges that require collective efforts to prevent total collapse.

He observed that the region is plagued by poverty, insecurity, and corruption, saying that nearly 60 per cent of students in tertiary institutions cannot return to school because their parents cannot afford tuition or transportation fees.

According to Bugaje, “For over 25 years of Nigeria’s democracy, poverty has more than doubled in the region, with over 33 million Nigerians facing starvation.”

The elder statesman explained that the country’s currency has lost significant value, as the minimum wage is no longer sufficient to purchase a bag of rice, highlighting the collapsing economy.

Speaking as the convener of the Arewa Movement for Good Governance Conference, themed, “The North and the Dangers Looming on the Horizon: The Need for a New Conversation and a New Narrative,” held on Saturday in Kaduna, Bugaje lamented that the North is facing serious challenges that are not being addressed.

He lamented, “It’s worrying and disturbing. We need to sit down and address these issues.”

He also lamented that insecurity has spread and escalated to previously inconceivable levels, frustrating trade, commerce, and agriculture—the mainstay of the region’s economy—adding that public institutions are decaying and failing in service delivery.

According to Bugaje, the state of infrastructure, particularly electricity, is epileptic, with neighboring Niger Republic appearing to be doing better.

He believed, “The social sector is the worst hit, as human capital is dwindling, and there are no jobs for the largely unemployable youth. In short, Nigeria is simply not working.”

Bugaje opined that the shameless politicians bask in false glory, reading empty speeches, embellished by a growing industry of praise singers, hangers-on, and an army of thugs, many of whom are drug users.

He noted that Nigerians are on a dangerous trajectory with no future to look forward to, with 20 million out-of-school children, most of whom are in the North, adding that Nigerians are sitting on a time bomb as nearly 60% of students in tertiary institutions in the North cannot return to school.

Bugaje also criticized the weakening of traditional institutions by political office holders, whom he described as epitomes of decadence, saying that many religious leaders have been enticed with money and drawn into a political culture dominated by violence, money politics, and the inordinate ambitions of people determined to rule by any means possible.

He emphasized that the primary problem of Nigeria is leadership and called for a consensus among northern elites to tackle the region’s challenges, saying that history will not forgive Nigerian elites for their failure to address the problems facing the entire country.

The Chairman of the Organizing Committee and former Kaduna State Commissioner for Education, Mr. Tom Maiyashi, in his remarks, observed that the North is on the verge of collapse.

He urged northerners to come together and save the region for the sake of future generations, saying, “Northern elites must come back to their senses and address the challenges of the region.”

The Nigerian Civil Aviation Authority (NCAA) has revoked the Air Operator Certificates (AOCs) of two aviation companies Omni-Blu Aviation and Eastwind Aviation Logistics Services Limited over violations of regulatory standards.

According to the NCAA, both companies were found to be in breach of Part 1.2.1.5 of the Nigeria Civil Aviation Regulations (Nig. CARs), which prohibits falsification, reproduction, or alteration of applications, licenses, certificates, logbooks, reports, or records. Under Part 1.2.1.5(b) of Nig. CARs, such infractions warrant the revocation of the Air Operator Certificate as a penalty.

As a result, the AOCs of Omni-Blu Aviation (OBA/AOC/12-15/002) and Eastwind Aviation (EAL/AOC/03-24/001) have been officially revoked, rendering them unable to operate aviation services in Nigeria. According to a post on the NCAA x handle.

Omni-Blu Aviation, a Lagos-based helicopter service provider, has been actively involved in the Oil & Gas sector, offering offshore transportation services. Similarly, Eastwind Aviation is a global commercial aviation services provider specializing in helicopter operations for the Nigerian Oil & Gas and Government sectors.

“In efforts to further sanitize the aviation industry, the NCAA has revoked the Air Operator Certificates of two operators:

“Eastwind Aviation Logistics Services Limited
Omni-Blu Aviation

“The Authority has determined that both Omni-Blu Aviation and Eastwind Aviation are in violation of Part 1.2.1.5 of Nig. CARs on Falsification, Reproduction, or Alteration of Applications, Licences, Certificates, Logbooks, Reports, or Records.

“Part 1.2.1.5(b) of Nig. CARs provide the sanction for such fraud as revocation of the certificate.

“Consequently, their respective Air Operator Certificates OBA/AOC/12-15/002 and EAL/AOC/03-24/001 are hereby revoked,”

The NCAA’s decision underscores the agency’s commitment to upholding strict safety and regulatory standards within the aviation industry. Given the high-risk nature of offshore helicopter services, the regulator emphasized the importance of compliance with safety measures and documentation integrity.

Recall that in October 2024 a Sikorsky SK76 helicopter operated by East Wind Aviation and contracted by the Nigerian National Petroleum Company Limited plunged into the Atlantic Ocean near Bonny Finima, off the coast of Calabar.

The aircraft was carrying six passengers and two crew members.

The NCAA has reiterated that it will continue to monitor all licensed operators closely and take necessary actions against any entity found violating regulatory provisions.

General Ibrahim Babangida has reaffirmed his commitment to Nigeria’s unity as political movement, The Nigerian Project, gears up for the 2027 elections and national reforms.

As the 2027 general elections draw near, political allies of former military president General Ibrahim Babangida are regrouping with a renewed focus on national unity and development.

During a courtesy visit by The Nigerian Project movement to his Hilltop mansion in Minna, Babangida reiterated his firm belief in a united and prosperous Nigeria.

He emphasized that a divided nation cannot achieve meaningful progress.

Reaffirming his stance on the indivisibility of Nigeria, the former president urged Nigerians to stay loyal to the nation and its leadership.

He called for inclusive governance that allows citizens to express their opinions, engage in debates, and see policies implemented for the country’s advancement.

“I believe in one Nigeria, and on its unity, I stand. Thank you for following my footsteps and upholding the ideals of patriotism and national unity that we all fought for,” Babangida told the delegation.

AmazingGenius:
Before investing in Nigeria, Africa’s largest economy by GDP and the most populous country on the continent, it’s essential to understand that the country’s economy is diversified, with a growing services sector and ever-changing government policies that can encourage or discourage investment.

Understanding this, whether as a seasoned investor or a beginner, can help you make informed decisions and achieve your financial goals.

Having these in mind, here are some areas where you can invest N1 million as a Nigerian in 2025 and be certain to get a positive investment.

Equities

According to experts, the best place to invest N1 million in 2025 would be in oil and gas sector stocks; and insurance sector.

These sectors have proven to be a notable exception due to the remarkable positive outcome despite challenging economic conditions. However, no investment is 100 percent guaranteed.

Agriculture

Agriculture in Nigeria is one of the most promising investment opportunities for both local and international investors. Investors can explore areas such as crop farming (cassava, maize, cocoa, soybeans, rice, and palm oil), poultry, aquaculture, and snail and livestock farming, which are in high demand locally and internationally.

The increasing demand for this agricultural produce makes it an investment that will yield positive outcomes no matter the challenging economic conditions or government policies.

Renewable Energy

With the incessant grid collapse bringing darkness all over the country, Nigerians are beginning to seek an alternative that can guarantee a 100 percent power supply without excuses for collapse. Invest in renewable energy especially solar panel manufacturing, installation, and maintenance.

Financial Services

With the growing population of citizens who find the bank time-consuming and irrelevant, especially among the illiterate and rural areas, Nigeria’s financial services sector is a good place to invest N1 million in 2025.

Financial services such as digital banking, micro-lending, and the popular Point of Sale (POS) business are attractive spaces for investors looking to capitalize on financial technology advancements.

These investment areas have little risk attached and can be achieved with N1 million in 2025.

Source: https://www.vanguardngr.com/2025/01/where-to-invest-n1-million-as-a-nigerian-in-2025/

The revival will reinvigorate the local economy, create jobs, and enhance Nigeria's position in the global aluminium market.

The federal government has begun an initiative to revive the Aluminium Smelting Company of Nigeria (ALSCON), a pivotal player in the nation’s industrial landscape.

The Assistant Director, Information and Public Relations of the Ministry of Steel Development, Tine-Lulun Maureen, disclosed this in a statement on Tuesday.

According to the statement, the revival will reinvigorate the local economy, create jobs, and enhance Nigeria’s position in the global aluminium market.

ALSCON, incorporated in 1989, was originally a joint venture project between the Nigerian government and two foreign technical partners, Ferrostaal AG of Germany and Reynolds International Inc. U.S.

For over a decade, the company has been enmeshed in an ownership tussle between a Nigerian-American consortium, BFIGroup, and a Russian firm, UC RUSAL.

In July 2023, Vice President Kashim Shettima restated the determination of the Bola Tinubu administration to revive ALSCON, particularly by engaging with key stakeholders in the industry.

The Minister of Steel Development, Shuaibu Audu, while emphasising the importance of resuscitating the project during his two-day facility tour of the company in Ikot Abasi, Akwa Ibom State, according to the statement, stated that the revival of ALSCON is not just about aluminium production but about creating a robust industrial base that will attract foreign investment and stimulate economic growth.

He added that the present administration is committed to making Nigeria a hub for aluminium production in Africa.

Mr Audu, who was accompanied by Chris Isokpunwu, the permanent secretary and other directors of the ministry, according to the statement, said after a series of extensive meetings, President Bola Tinubu gave charge to the ministry as the regulator of the aluminium industry to ensure a resolution of all teething issues regarding the company.

“The company, when all issues are successfully resolved, is expected to create thousands of direct and indirect jobs, providing a significant boost to the local economy.”

Additionally, he said resuscitating the company will enhance the supply chain for aluminium products, which will benefit various sectors, including construction, automobile and packaging.

The minister said the revival of ALSCON is anticipated to attract investments in the aluminium sector, as the project is expected to generate substantial revenue for the government through taxes and royalties, contributing to national development goals.

“For the president to achieve the $1 trillion economy for the country by 2030, all critical assets have to come back online.” Mr Audu was quoted as saying.

He revealed that the purpose of the visit was to have a firsthand assessment of the plant’s capacity that would enable him to do a comprehensive report for the consideration and approval of the president on the best ways of resolving all the issues regarding the company.

In his remarks, Mr Isokpunwu noted how critical the plant is to the country’s economic development while reiterating the ministry’s commitment to resuscitating the plant.

He enjoined all the parties involved to ensure they provided all the necessary information to facilitate a speedy resolution.

Zaviyalov Dmitriy, the managing director of the plant, noting the challenges that have hampered the revival of the plant, said the management had kept a staff strength of about 108 people to keep the plant infrastructure and equipment in preservation state for the overhaul and final start of the plant.

President Donald Trump has offered buyout packages to almost all federal workers who do not want to return to the office, a major move designed to shrink the US government.

In an email sent to millions of employees on Tuesday, his administration told workers they had to decide by 6 February whether they wanted to be part of a "deferred resignation program".

If they agreed to leave their jobs by that date, the message said, they would receive about eight months of salary as a severance package.

The Trump administration expects up to 10% of employees to accept the offer, or around 200,000 of the more than two million workers the federal government employs, according to the BBC's US partner CBS News.

Senior Trump officials told US media that the buyouts could save the government up to $100bn (£80bn).

Workers wishing to take the deal on Tuesday were asked to reply to the email with the word "resign" written into the subject line. The offer includes both pay and benefits for workers until 30 September.

Certain employees did not receive the offer, including postal workers, members of the military, immigration officials, and some national security workers, according to the email.

The message from the Office of Personnel Management, the government's HR agency, on Tuesday evening also warned of future downsizing that could impact those who choose to stay.

"We cannot give you full assurance regarding the certainty of your position or agency but should your position be eliminated you will be treated with dignity," it reads.

The email follows Trump's earlier announcement that federal employees who had been working remotely since the Covid pandemic would be required to return to the office five days a week.

Speaking to CNN on Tuesday, Stephen Miller, the White House deputy chief of staff for policy, said the government's two million workers were "overwhelmingly left of centre", adding it was "essential" for Trump to "get control of government".

Trump repeatedly pledged to cut the size of the government and slash federal spending while on the campaign trail.

He tasked Elon Musk and Vivek Ramaswamy with leading an advisory body focused on cutting regulations, spending, and headcounts within the federal government. Ramaswamy has since left the "Department of Government Efficiency" (Doge).

But the email on Tuesday bears a resemblance to one sent to Twitter, now X, employees in late 2022 after Musk bought the social media platform. He asked for an emailed response if they wanted to remain at the company.

The mass buyout offer came at the end of an at-times chaotic day in Washington, following a memo Trump issued which said he would pause federal grants, loans and other assistance.

A district judge suspended the order - which was initially set to go into effect on Tuesday afternoon - until next Monday.

In the hours before that decision, there was widespread confusion over which federal programmes and organisations would be impacted. The White House repeatedly sought to assuage concerns that Social Security payments and Medicaid access could be disrupted.

In a letter to the White House, top Democrats expressed "extreme alarm" about the plan to pause funding.

Also on Tuesday, Trump signed an executive order aimed at restricting gender care for young people.

The order, titled 'Protecting Children from Chemical and Surgical Mutilation', says it will prevent those aged under 19 from making "life-altering" choices.

"It is the policy of the United States that it will not fund, sponsor, promote, assist, or support the so-called 'transition' of a child from one sex to another," the order says.

It is unclear, however, how the order would be implemented and it is likely to be challenged in court.

Guinness Nigeria Plc released its second-quarter earnings, revealing a pre-tax profit of N20.1 billion for the period ending December 31, 2024.

This marks a significant reversal of fortunes from the pre-tax loss of N8.2 billion reported in the same quarter of the previous year.

It is also the first quarterly profit posted by Guinness Nigeria Plc since September 2023, when it reported a profit of N3.8 billion in its first quarter.

The profit boost comes as Tolaram Group completes its takeover of operations from Diageo, the previous parent owner of the Guinness brand.

Tolaram acquired the Guinness Nigeria franchise in June 2024, and within six months, the company recorded its first quarterly operating profit.

The second-quarter profit helped increase half-year pre-tax profits to about N4.1 billion, enabling the company to swing to its first half-year profit since December 2022.

The pre-tax profit for FY 2024 stood at N4.1 billion, indicating a substantial recovery from the loss of N4.4 billion recorded in the previous half-year.

The company reported revenue of N133.7 billion for the quarter, bringing the year-to-date figure to N259.6 billion—an 82.06% increase compared to the full year of 2023.

Key highlights (2024 vs. 2023 FY)

• Revenue: N259.6 billion, +82.06% YoY

• Cost of sales: N200.5 billion, +107.54% YoY

• Gross profit: N59 billion, +28.45% YoY

• Other income: N159 million, -93.67% YoY

• Marketing and Distribution expenses: N31.6 billion, +33.00% YoY

• Operating profit: N11.2 billion,

• Finance expenses: N71.1 billion, +197.75% YoY

• Finance Income: N63.9 billion, +1993.90% YoY

• Pre-tax profit: N4.1 billion,

• Post-tax loss: N302.7 million

Surge in revenue boosts margins

Guinness Nigeria Plc reported revenue of N259.6 billion for FY 2024, representing an impressive increase of 82.06% compared to FY 2023.

• Domestic sales accounted for a substantial 98.5% of total revenue, while export sales contributed the remaining 1.5%.

• Despite the strong revenue growth, the cost of sales surged by 107.54% year-on-year, rising from N96.6 billion in the previous year to N200.5 billion in 2024.

• However, the company recorded a gross profit increase of 28.45% year-on-year, reaching N59 billion, compared to N45.9 billion in FY 2023.

• Marketing and distribution expenses also increased significantly, rising by 33.00% to N31.6 billion from N23.7 billion in the prior year.

• With rising operational expenses, operating profit declined to N11.2 billion, down from N16.3 billion reported in the previous year.

Nairametrics analysts observed that the primary driver of Guinness Nigeria’s profitability was a surge in topline revenue, which hit a record N133.7 billion this quarter—the highest ever recorded by the company.

The revenue surge helped mitigate cost pressures, delivering an operating profit of N18.1 billion.

Guinness reported an operating loss of N6.8 billion at the end of September 2024, its first quarter of the current financial year. Operating profit margins, however, rebounded to 13.2%—the highest since March 2022, when margins stood at around 18.5%.

Meanwhile, net finance charges, which had been a major driver of losses in recent years, swung to a net gain this quarter.

• Although finance expenses more than doubled to N59.5 billion in the quarter under review, this was offset by a surge in finance income totaling N63.9 billion.

• This turnaround was primarily driven by gains from the remeasurement of foreign currency balances, which accounted for 99.51% of the finance income.

• The swing in profitability will be seen as a significant boost for the new owners of Guinness Nigeria Plc, as they work to revitalize one of Nigeria’s largest brewers.

• Tolaram Group, which acquired Guinness in June 2024, has reported its first operating profit for the company in less than six months under its management.

Nairametrics understands that Guinness Nigeria is likely to be delisted from the Nigerian Exchange as the new owners move forward with a mandatory takeover of the company’s shares from minority shareholders.

budaatum:
Nigeria is about to become the worlds largest importer of crude oil due to our own incompetence.

AmazingGenius:
The Henley Passport Index 2025 has been released, showing which countries have the strongest passports for visa-free travel.

Singapore continues to hold the top position, followed closely by Japan, offering citizens the most freedom for international travel.

This year’s ranking highlights the countries with the most visa-free access and also focuses on the trends in global mobility.

Singapore retains its spot as the most powerful passport in the world, allowing citizens to visit 195 destinations without requiring a visa. Japan follows with 193 destinations. Other countries such as Finland, Germany, and France are also among the top contenders, offering significant travel privileges.

Top 15 passports for visa-free travel in 2025

The Henley Passport Index ranks passports by the number of countries their holders can visit without needing a visa. The top 10 passports for 2025 are as follows:

10. Latvia, Lithuania, Slovenia, United Arab Emirates – 185 Destinations

These four countries, particularly the UAE, have made notable progress, with the UAE securing a place in the top

9. Estonia, United States – 186 Destinations

Estonia and the United States both have access to 186 destinations, though their rankings have slightly declined.

8. Czechia, Hungary – 187 Destinations

Both countries provide access to 187 destinations, making them strong contenders in terms of travel freedom.

7. Canada, Malta, Poland – 188 Destinations

Canada, Malta, and Poland offer access to 188 countries, securing their place in the top rankings.

6. Australia, Greece – 189 Destinations

Both Australia and Greece hold the sixth spot, offering access to 189 destinations worldwide.

5. Belgium, New Zealand, Portugal, Switzerland, United Kingdom – 190 Destinations

These countries provide extensive travel freedom to their citizens, granting access to 190 destinations

4. Austria, Denmark, Ireland, Luxembourg, Netherlands, Norway, Sweden – 191 Destinations

The countries in this group offer visa-free access to 191 destinations, indicating strong international relationships.

3. Finland, France, Germany, Italy, South Korea, Spain – 192 Destinations

These six countries share third place, with access to 192 destinations globally.

2. Japan – 193 Destinations

Japan remains in second place with access to 193 destinations, including restored visa-free entry to China.

1. Singapore – 195 Destinations

Singapore holds the number one position again, providing its citizens with visa-free access to 195 destinations.

Countries with the least powerful passports in 2025

On the other end of the spectrum, TravelBiz reports that several countries rank low on the Henley Passport Index due to limited visa-free access. These countries have fewer diplomatic relations and offer their citizens access to fewer destinations:

10. Afghanistan – 26 Destinations 

9. Syria– 27 Destinations 

8. Iraq – 31 Destinations 

7. Pakistan, Yemen – 33 Destinations 

6. Somalia – 35 Destinations 

5. Nepal– 39 Destinations 

4. Bangladesh, Libya, Palestinian Territory– 40 Destinations 

3. North Korea– 41 Destinations 

2. Eritrea– 42 Destinations 

1. Sudan– 43 Destinations

These countries are ranked at the bottom of the index due to their limited international mobility and diplomatic isolation.

Key trends and notable changes

There are notable trends and movements in the rankings for 2025. For example, China has seen a significant rise, moving from 94th to 60th place, with citizens now able to visit 58 countries without a visa.

Meanwhile, the United Arab Emirates has experienced a remarkable ascent, securing access to 72 more destinations since 2015 and climbing to 10th place.

On the other hand, the United States and the United Kingdom have both seen a decline in their rankings. The U.S. has dropped from 2nd to 9th place, while the UK, once at the top, has fallen from 1st place in 2015 to 5th place in 2025.

Key takeaways from the 2025 henley passport index

• Singapore and Japan lead: These two countries continue to dominate with the most powerful passports, offering the most freedom for global travel.

• European countries remain strong: Several European nations maintain high rankings, reflecting their broad international relations.

• The decline of the U.S. and UK: Both former leaders in global mobility have experienced a noticeable drop in their passport rankings.

• China’s rise: China has made significant progress, illustrating its growing global influence.

The Henley Passport Index serves as an important reminder of the impact that diplomacy and international relationships have on global mobility. It highlights how certain countries continue to benefit from strong global access, while others face challenges in expanding their travel freedoms.

Source: https://nairametrics.com/2025/01/10/worlds-most-powerful-passports-for-visa-free-travel-in-2025/

The federal government has every right to be in a buoyant mood; after several years of neglect, depressing commentaries, unbelief and cynicism fueled by failed promises, the nation’s four moribund refineries are Port Harcourt on the cusp of astonishing transformation.

This significant revival mirrors the power of unrelenting vision, unwavering commitment and undiluted driven by passion for a higher purpose. When the old Port Harcourt refinery resumed production on November 26, 2024, after extensive rehabilitation, the unfortunate attempt to weaponize and turn this landmark achievement into a political football stirred avoidable controversy that seemed to undermine its significance. Fortunately, while the doubting Thomases had their day, the impact of the revamp as a significant step in the country’s quest for energy security and concerted effort to reduce over reliance on imported refined products was not lost on well meaning Nigerians. Those who thought that the Port Harcourt refinery revamp was a flash in the pan were in for a rude shock.

Few days to the end of 2024, Mele Kyari, the intrepid head of the NNPC, the renaissance man at the centre of a silent revolution within the country’s energy sector delivered another powerful message to Nigerians. In company of regulators, journalists and government officials, he informed the nation that the Warri Refining & Petrochemicals Company (WRPC), situated in Ekpan, Uwvie and Ubeji areas of Warri has been revamped and was ready for business. The Warri Petrochemical plant, established in 1978, has an annual production capacity of 13,000 metric tons of Polypropylene and 18,000 metric tons of carbon black; it was built to cater to the markets in the Southern and South Western markets of the country. Composed of three stages, the Mele Kyari led NNPC, through its technical partners have started Stage One also called Area 1 which is able to produce AGO (diesel), Kerosene, Naphtha and others. These brands are required for both domestic and industrial use in the country. Shortly, the other plants that will produce Premium Motor Spirit (petrol) will commence production. The Kaduna refinery currently under rehabilitation will soon become operational.

Collectively, Kyari’s footprints in the upstream and downstream sectors of the energy sector, especially his determination to revamp the four state owned refineries with a combined capacity of 445,000 bpd underscores a huge leap in the country’s quest for energy security.

Decades of neglect, damage and accusations of mismanagement had held the realization of this lofty aspiration in abeyance and inflicted pain on Nigerians. As the mainstay of the economy, there was little or no doubt that continuation on this unenviable trajectory would further imperil the economy and plunge it into further atrophy. Mele Kyari mounted the saddle as the 19th Group Managing Director of NNPC in July 2019 with the determination to cleanse the Augean stable.

He came to office bristling with ideas on how to engineer what would become the most ambitious reform in the history of the corporation. There was simply no other way to confront the huge task he had set for himself; Nigerians were simply tired and frustrated about the endless revelations of sleaze and alleged mismanagement of the country’s cash cow and to have conducted the business of running the affairs of the corporation as usual would have assured for him, a prominent place in the hall of infamy.

Before Mele Kyari assumed office, almost on daily basis, Nigerians were treated to salacious commentaries detailing administrative lethargy and financial mismanagement of the corporation. The rot, administrative lethargy and alleged systemic corruption culminated in statutory infractions and the abdication of its responsibilities as the corporation began to fail in the fulfilment of its obligations on several fronts; it began to even falter in its remittances to the national treasury.

The uncomplimentary stories which read like a parchment of corruption and scroll of iniquities tarnished the image of the corporation. An audited account of the corporation in 2011 discovered that it could not account for about N28. 5 billion on subsidy related claims; in 2014, Emir Lamido Sanusi the current Emir of Kano raised alarm that a staggering $20bn was missing in the account of NNPC. He spoke in his capacity as the Governor of the Central Bank of Nigeria. In March 2016, the Auditor-General of the Federation alleged that the corporation failed to remit about $16bn to the federation account. The avalanche of allegations must have weighed heavily on the mind of Kyari as he took over the mantle of leadership in the beleaguered oil behemoth.