Breaking News: Explosion Hits Trans-Niger Pipeline Amid Political Tensions
A powerful explosion has rocked the Trans-Niger Pipeline in Bodo, Gokana Local Government Area, Rivers State, on Monday night. The blaze continues to burn in the section of the crucial pipeline that carries crude to the Bonny Terminal. While the exact cause of the explosion is still under investigation, authorities are exploring the possibility of human involvement. This incident comes at a time of heightened political tensions between Governor Nyesom Wike and his successor, Governor Siminalayi Fubara, amid growing speculation over Fubara’s impeachment.
In a related development, some Niger Delta militant groups have issued dire warnings, threatening to destroy oil pipelines if Fubara is removed from office. These threats add to the already volatile atmosphere surrounding the region’s political crisis and its impact on the oil sector.
Спонсоры
Спонсоры
Категории
Больше
On March 17, 2025, operatives of the Economic and Financial Crimes Commission (EFCC) in Benin arrested Kelly Okungbowa, also known as Ebo Stone, for alleged abuse of the Naira. Okungbowa, the former coordinator of the Edo State Public Safety Response Team (PSRT), was apprehended following the circulation of a viral video showing him spraying and mutilating the Naira at a bar on March 9, 2025....
Jumia’s liquidity position improved to $133.9 million, helped by net proceeds from an at-the-market offering in August 2024. This reversed a decline of $106.9 million recorded in 2023. Net cash flows used in operating activities also showed improvement, reducing to $57.2 million from $73.0 million in the previous year. According to Jumia, key usage metrics improved in the fourth quarter,...
The “Dead Horse Theory” is a satirical metaphor that reflects how some people, institutions or nations face obvious problems that are impossible to solve, but instead of accepting reality, they cling to justifying them. The central idea is clear: if you find that you are riding a dead horse, the most sensible thing to do is to get off and leave it. However, in practice, the opposite...
The naira was strengthened to 1,494.03/$ at the official window on Thursday, according to data from FMDQ Securities Exchange Limited. Similarly, an appreciation to 1,510.00/$ was recorded in the parallel market, reducing the spread between the two markets to 15.5/$. The gap between the official and parallel foreign exchange rates has been narrowing due to various policies implemented by the...
The Federal High Court 1 in Owerri, Imo State, has ruled in favor of Chika Edoziem, the Head of the Directorate of State of the Indigenous People of Biafra (IPOB). The court, presided over by Hon. Justice I.N. Oweibo, dismissed charges against Edoziem related to terrorism, insurgency, kidnapping, and violent crimes. In Suit No: FHC/OW/FHR/29/2024, filed by Edoziem against the...
