Category: Leadership

‘N50Bn Capital Raise,’ Eterna Plc Reports Strong FY 2024 Performance

Abibat Babalola

. Ratifies New Leadership at 32nd AGM Eterna Plc, a leading Nigerian integrated energy company, has reported a strong financial turnaround for the fiscal year ended December 31, 2024, despite a volatile operating environment. A statement by the company showed that this was disclosed these results during its 32nd Annual General Meeting (AGM) held on July 24, 2025, where shareholders also ratified important board appointments and strategic resolutions to support future growth. “The company recorded a 71% increase in revenue, growing from ₦183.3 billion in 2023 to ₦313.6 billion in…

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Two NCDMB Leaders Bag Doctorate Degrees at UNIPORT Convocation

Abibat Babalola

Two senior officials of the Nigerian Content Development and Monitoring Board (NCDMB), Dr. Abdulmalik Halilu, Director, Corporate Services, and Dr. Obinna Ezeobi, General Manager, Corporate Communications, on Saturday bagged Doctorate degrees at the 35th Combined Convocation of the University of Port Harcourt, Rivers State. The milestone event was attended by the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, the newly appointed Director of Finance and Personnel Management (DFPM), Mr. Uchenna Ossaowa Andrew, and immediate past chairman of Oil and Gas Trainers Association of Nigeria (OGTAN) and member of NCDMB…

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UK Scraps Over 100 Skilled Jobs, Sets Nigerians Abroad Jittery

Abibat Babalola

Thousands of Nigerians in the United Kingdom holding Certificate of Sponsorship (CoS) or Skilled Worker visas are gripped by panic over sweeping new immigration rules unveiled by the British government. In a bid to curb immigration, the UK has delisted over 100 job roles—including several skilled positions—from CoS eligibility. Additionally, the salary thresholds for remaining roles have been raised by at least 30 per cent. Jobs classified as lower-skilled (formerly at RQF Level 3–5) are now only eligible if listed on a newly introduced Temporary Shortage Occupation List. READ ALSO: Lagos…

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Lagos Hospitals To Be Grounded As Doctors Declare 3-Day Strike

Abibat Babalola

Medical doctors under the Lagos state government have announced a three-day warning strike over alleged illegal salary deductions. At a press briefing held at the Medical Guild’s secretariat in Lagos, Japhet Olugbogi, chairman of the guild, said the strike will run from 8am on Monday, July 28, to 8am on Thursday, July 31, if their demands are not met. Olugbogi said the dispute stems from a “unilateral salary deduction” introduced by the state government in April 2025, affecting all medical and dental practitioners. He noted that while many pushed for…

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Crude Tensions Over Crude Oil: Brothers At War Over Oil Wells, By Akpadem James

Abibat Babalola

Something deep inside keeps telling me Nigeria would have been far better without crude oil. And I believe it! Nigeria was relatively better before independence. It was still, before crude oil became the main economic sustainer, before the 1970s. Nigeria’s economy was stronger in the global trade index. The currency was competitive. The discovery of crude oil in commercial quantities introduced crudity into our psyche, and drew unnecessary attention locally and globally. Things began to fall apart. Foresight disappeared. Ingenuity diminished. Innovation was abandoned, integrity shunned, sanity fled, love lost,…

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Tariff Battle Escalates: Discos Reject Review Talks With States

Abibat Babalola

Commissioners of energy across the 36 states on Wednesday disclosed their readiness to meet with power distributors to negotiate electricity tariffs that are reflective and not burdensome on residents of the states. This follows the recent cut in electricity tariff for Band A customers from N209/kWh to N160/kWh by the Enugu Electricity Regulatory Commission, and the resistance that greeted the development by both power generation and distribution companies. However, the power distribution companies have kicked against any form of negotiations with states on power tariffs, stressing that the move by…

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‘One For Reduction, One For Status quo,’ NERC, EERC Bicker Over Tariff Review

Abibat Babalola

The Nigerian Electricity Regulatory Commission (NERC) is disinclined to tariff changes brought into the system by the Enugu Electricity Regulatory Commission (EERC) which reduced the tariff for Band-A customers in the state. The Federal Electricity Regulatory Agency, states that state electricity regulatory commissions are not authorised to change the wholesale cost of electricity supplied through the national grid. In a public notice, NERC said, “As states do not have jurisdiction over the national grid and over electric power stations established under federal laws/operating under licenses issued by the Commission, they…

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650 Workers’ Sack imminent As Chevron Begins Major Restructuring

Abibat Babalola

Chevron Corp. has confirmed cutting almost 650 jobs in the Houston area and North Dakota after completing the $53 billion takeover of Hess Corp. The reductions include 575 positions in Texas and 70 in North Dakota, and will take effect Sept. 26, according to a Chevron spokesperson on Wednesday. Chevron formally closed on its acquisition of Houston-based Hess at the end of last week. “As part of the integration, we will consolidate or eliminate some positions,” Chevron spokesperson Allison Cook wrote in an email. “These are difficult decisions which we…

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Immigration Seizes, Then Returns Senator Natasha’s Passport At Abuja Airport, Cites ‘Security Orders’

Abibat Babalola

Senator Natasha Akpoti-Uduaghan’s international passport was briefly seized by Nigerian immigration officers at the Nnamdi Azikiwe International Airport, Abuja, on Wednesday morning, July 24, causing a momentary travel scare before she eventually boarded a British Airways flight to London. According to eyewitnesses at the airport, the senator, representing Kogi Central, arrived at the international terminal with her husband, Chief Emmanuel Uduaghan, and was stopped by immigration officials as she was about to board a London-bound flight. The immigration officers were said to have flagged her as a “national security risk.”…

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Tinubu Government Developing Southern Nigeria At Expense Of North — Kwankwaso

Abibat Babalola

The strongman of Kano politics, Rabiu Kwankwaso, has criticised the President Bola Tinubu administration for what he described as the neglect of the northern region of Nigeria and the concentration of the nation’s resources on developing the southern part of the country where the president comes from. “Let me advise the Federal Government on the distribution of federal resources,” the former Kano governor said on Thursday at the Kano State Stakeholders’ Dialogue on the 2025 Constitutional Amendment. “From the information available to us, it’s like most of the national budget…

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