DANGOTE Petroleum Refinery & Petrochemicals has cemented its position as a rising global energy powerhouse after becoming Europe’s largest supplier of jet fuel for the second consecutive month, outperforming traditional exporters such as the United States and capturing approximately one-fifth of the continent’s total jet fuel imports. The milestone underscores the refinery’s growing influence on international fuel markets and highlights Nigeria’s emergence as a strategic player in global refined petroleum trade. Latest European import data compiled by global commodities intelligence firm Kpler show that more than 400,000 tonnes of jet fuel produced by the 700,000 barrels per day Dangote Petroleum…
Author: National Record
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“ADENIYI Adeyemi should be prosecuted, while administrative sanctions should be imposed on public officers whose acts of commission, omission and negligence facilitated the illegal operation of PFIPC/PEAC,” Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Aliyu, said on Thursday as he disclosed the commission’s key recommendation in its interim report to President Bola Ahmed Tinubu on the investigation into the alleged phantom Presidential Foreign Investment Promotion Council (PFIPC). Adeniyi Adeyemi Aliyu spoke after briefing the President at the Presidential Villa, Abuja, exactly 30 days after Tinubu directed the anti-corruption agency to investigate the controversial…
PRESIDENT Bola Ahmed Tinubu has ordered the Economic and Financial Crimes Commission (EFCC) to immediately return to court and vacate the order freezing a bank account belonging to the Osun State Government, citing concerns over the timing of the action and its potential impact on public confidence ahead of the state’s governorship election. The President’s directive followed the EFCC’s decision to obtain a court order freezing one of the state’s accounts as part of an ongoing investigation into the alleged diversion of about N11 billion in public funds, including Ecology Funds, intervention funds and allocations from the Federation Account Allocation…
ACTIONAID Nigeria (AAN) has condemned the alleged deceptive recruitment and exploitation of young African women, including Nigerians, under the Russian Alabuga Start Programme. The organisation called for an urgent investigation by the Federal Government and international bodies, according to its Country Director, Dr Andrew Mamedu, in a statement on Thursday. Mamedu alleged that the women were lured with promises of education, professional training and well-paid jobs in Russia but ended up working under unsafe conditions, with reports linking them to military drone production. He also raised concern over allegations linking Konstantin Trifonov, a senior recruiter associated with the programme, to…
IRAN has warned Gulf states that any new U.S. attack on its territory would trigger retaliation against critical energy infrastructure across the region, according to five sources, as Tehran seeks to raise the cost of military action by threatening Washington’s closest regional allies. The warning was delivered through a flurry of high-level diplomatic contacts after President Donald Trump threatened on July 28 to strike Iran’s energy network and infrastructure, the sources said. Two senior Iranian officials, two Gulf sources and a senior regional diplomat with knowledge of the discussions said Iranian Foreign Minister Abbas Araqchi spoke with his Saudi, Turkish…
A PROPOSED deal between Iran and Oman to help end five months of war between Iran and the United States would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, one of the biggest concessions yet to Iran. There was no immediate U.S. comment on the proposal. While President Donald Trump has said a deal reopening the strait is imminent, U.S. officials have repeatedly insisted they would never agree to Iran controlling access to the world’s most important trade route for energy supplies. An…
WHEN two Russian bombs hit Kateryna Lahuta’s seafood business in Ukraine’s southeastern city of Zaporizhzhia last month, they shattered the last semblance of security for the 41-year-old entrepreneur. Since the first weeks of their 2022 invasion, Moscow’s forces have been dug in just south of Zaporizhzhia, a key manufacturing city of around 700,000 people, hammering it with missiles and drones. But a new wave of attacks has made life deadlier for residents, part of Russia’s escalating air war on Ukrainian cities as it makes only grinding progress on the front lines. “Even half a year ago it was still scary,…
THE DEMOCRATIC Republic of Congo has banned exports of copper concentrate and cobalt concentrate as it escalates efforts to force domestic processing and retain more value from its mineral resources, a government order reviewed by Reuters on Thursday shows. After Reuters reported the ban, benchmark three-month copper on the London Metal Exchange rose by as much as 1.8% to $14,369.50 a metric ton, the highest since January 29 when the metal hit an all-time peak of $14,527.50. It was trading at $14,300 as of 0930 GMT. Congo is seeking to leverage its position as the world’s largest cobalt supplier and…
THE FEDERAL Government has assured that the dualised 258km Makurdi-Otukpo-Obolo-Affor-Enugu highway will be completed by December, 2027. The Federal Controller of Works, Benue State, Mukaila Danladi, disclosed this on Wednesday in Makurdi during an inspection tour of projects by the Renewed Hope Ambassadors Presidential Media Team led by Mr Bayo Onanuga, Special Adviser to the President on Information and Strategy. The team was conducted round the projects by Benue’s Deputy Governor, Samuel Ode, and the Federal Controller during the assessment of ongoing infrastructure projects across the state. Danladi said the project is the phase two of the Abuja-Akwanga-Nasarawa-Makurdi corridor, continuing…
THE LEADERSHIP of the world football governing body, FIFA, has reaffirmed its support for embattled president, Gianni Infantino, in a meeting held in Rabat, Morocco, on Wednesday. Infantino provoked backlash from football stakeholders around the world when he announced a plan to sell a 20 per cent stake in a commercial rights entity to private investors, hoping to raise about $4.2 billion for FIFA. The announcement was greeted with vehement criticism from stakeholders, with the European football governing body UEFA leading the lots. UEFA released a statement almost immediately after the announcement that football was no one’s property to sell.…