Author: Ifetayo Adeniyi

NNPC Limited Brings Escravos–Lagos Pipeline To Full Activity NNPC Limited has announced the successful restoration of the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State, following an unexpected explosion on December 10, 2025. In a statement, the company said it promptly activated its emergency response protocols, deploying coordinated containment measures and mobilising multidisciplinary teams to address the incident. The damaged section of the pipeline was repaired, pressure-tested, and safely recommissioned, leading to the full restoration of operations. NNPC Limited described the swift recovery as a testament to its resilience and unwavering commitment to national energy security. The company acknowledged that…

Peak Milk Visits Nigerian Communities With Breakfast Menus Peak Milk has successfully concluded its nationwide breakfast tour activation delivering nutritious breakfast experiences and culinary excitement to communities across Nigeria between October and December 2025. The 2025 Peak Breakfast Café represented Peak Milk’s most expansive experiential engagement to date, reaching retailers and shoppers across multiple key markets with an immersive breakfast experience whilst educating Nigerians on the power of starting the day with Peak. The tour made memorable stops in markets across the nation, including Sabo Ikorodu, Lagos, Baboko in Kwara, Agbeni Market in Ibadan, Upper Iweka in Onitsha, Rotobi, Ezukwu,…

FG, ahead of IPO, approves wipe off of $5bn NNPC debts FILE: President Bola Tinubu NNPC had shown its intention to list part of the company on the stock market. The Federal Government’s approval to write off about $5bn in debts owed by the Nigerian National Petroleum Company Limited is part of moves to prepare the state-owned energy firm for a potential initial public offering in 2028, a new report by Argus has revealed. Energy intelligence firm, Argus, on Monday quoted industry sources as saying the government is cleaning up NNPC’s balance sheet to position the company for a public…

Meta set to purchase China-founded AI agent Manus META Facebook owner Meta has decided to acquire Manus, an artificial intelligence agent created by a company founded in China but now based in Singapore, the two firms said. However, analysts warned the deal could fall foul of regulators at a time of fierce technological rivalry between Washington and Beijing. Exceeding the capabilities of AI chatbots like ChatGPT, AI agents can autonomously perform complex tasks for users and are seen as having huge potential. Manus, created by startup Butterfly Effect, can, for example, sift through and summarise resumes or create a stock…

British Ambassador, Governors visit Anthony Joshua in hospital Anthony Joshua in accident Confirms Joshua is in a stable condition. The Deputy Head of Mission of the British High Commission, Simon Field, has visited world heavyweight boxing champion, Anthony Joshua, in hospital following a fatal road accident along the Lagos–Ibadan Expressway. According to a statement by the Special Adviser on Information and Strategy to Ogun State Governor, Kayode Akinmade, on Monday, Field met with Joshua during the visit and also held discussions with Ogun State Governor, Dapo Abiodun, and his Lagos State counterpart, Babajide Sanwo-Olu, as British officials continue to monitor…

Otedola gives Geregu Power control to Ma’am Energy MA’AM Energy Limited has taken control of 77 per cent of Geregu Power Plc following a restructuring of the ownership of its majority shareholder, bringing to an end the indirect control previously held by billionaire businessman Femi Otedola. However, Nairametrics reports that the transaction amounted to $750m, stating that billionaire investor Otedola has exited Geregu Power Plc by divesting his 77 per cent controlling stake in the company. “Billionaire investor Femi Otedola has exited Geregu Power Plc in a landmark $750m transaction that sees him divest his 77 per cent controlling stake…

NNPC takes step towards selling stakes in assets –Report This proposed stake sales could assist unlock capital, improve asset performance. The Nigerian National Petroleum Company Limited has begun moves to sell stakes in some of its oil and gas assets, a new report by Reuters has revealed. This is as the state-owned energy firm seeks to optimise its portfolio and attract fresh investment into the sector. An invitation document released on Monday indicated that the national oil company has solicited bids from interested investors, although it did not disclose the size of the stakes on offer or the amount it…

2027 Elections: Ogun ADP Offers Governorship Ticket To Showunmi After LP Otunba Segun Showunmi Labour Party recently endorsed him as governorship candidate. The race to the seat of power come 2027 in Ogun State Southwest Nigeria has started as Ogun PDP Chieftain, Otunba Segun Showunmi is being wooed into the 2027 governorship race in the State. A meeting held in Otunba Segun Showunmi’s Country home in Abeokuta, the Ogun State Capital which had the political leaders of Action Democratic Party (ADP) across the twenty local government in Ogun State unanimously endorsed asked Otunba Segun Showunmi to come contest as…

Funke Akindele’s ‘Behind The Scenes’ makes ₦1.1bn in less than 20 days Nollywood Film Behind The Scenes has crossed the ₦1.1 billion mark at the box office, just 19 days after its cinema release. The new milestone was announced on Monday via social media posts by the film’s lead star and producer, Funke Akindele, and its distributor, FilmOne Entertainment. Taking to her X page, the 48-year-old actress expressed gratitude to fans and collaborators while confirming the film’s international rollout. She wrote, “Forever grateful to God and my fans. Thank you for the love and support over the years. Big thanks…

NANS seeks public education, review, before implementation of new tax law … says not all Nigerians are on social media platforms to be well informed. The National Association of Nigerian Students has called on the Federal Government to immediately suspend the planned implementation of the newly introduced Tax Reform Law, citing poor public enlightenment and alleged alterations to the version passed by the National Assembly. The student body made the demand in a statement signed by its National President, Olushola Oladoja, and made available to PUNCH Online on Monday, ahead of the law’s scheduled commencement on January 1, 2026. While…