Category : Search result: Lagos gas explosion


Nigeria starts N185bn gas legacy debt repayment

The Federal Government has commenced settling N185 billion in legacy debts to gas producers. This move, approved by NEC, aims to revitalize the gas sector, improve electricity generation, and stimulate economic growth. Read more.

N185bn Approved to Settle Gas Debts for Power Boost

The Federal Government has approved N185 billion to pay legacy debts to gas producers, aiming to restore confidence, boost gas supply, and improve Nigeria's electricity generation. Read more.

4 Children Killed in Borno IED Explosion

A tragic IED explosion in Banki, Borno State, has claimed the lives of four children. A 12-year-old boy is injured. Police warn against handling suspicious objects. Read more.

Daughter of Ibadan G.O., JCI President Kidnapped

Ibukun Otesile, 2025 JCI Ibadan Elite President and daughter of Jesus Is King Ministries G.O., was kidnapped in Akobo. Police confirm investigation as CAN calls for urgent action.

Bomb Explosion Kills 4 Boys in Borno Apartment

A tragic bomb explosion in Banki, Borno State, has claimed the lives of four boys, including two siblings. The victims, aged 12-15, mistook the device for scrap metal. Read the full details.

PENGASSAN warns of oil sector brain drain over low pay

PENGASSAN warns Nigeria's oil sector faces a severe brain drain due to low wages and economic hardship. Union President Festus Osifo urges immediate action to close the wage gap and retain skilled workers.

Eterna Plc Launches N21.52 Billion Rights Issue

Eterna Plc plans to raise N21.52 billion through a rights issue to fund expansion in retail, LPG, and aviation. Shareholders can buy 3 new shares for every 4 held. Read details.

NNPC's ₦5.4trn Profit Shows Impact of Reforms

NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.

NCDMB, BOI Unveil $100m Fund for Oil & Gas Firms

NCDMB and Bank of Industry launch a $100m equity fund to boost local oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.

Lagos Tenancy Bill 2025: Offences & Penalties Detailed

The proposed Lagos State 2025 Tenancy Bill introduces strict penalties, including fines up to N1,000,000 and imprisonment, to curb exploitative housing practices. Learn the key offences for landlords, agents, and tenants.

UK Halts $1.15bn Loan for Mozambique Gas Project

Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, paused after a deadly 2021 attack, faces new hurdles. Read more on the implications for Africa's energy sector.

UK Pulls $1.15bn Loan for Mozambique Gas Project

Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, halted by jihadist violence, faces new hurdles. Read the full analysis.

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