NEWS
Nigeria Secures Bid To Host African Energy Bank Headquarters

Nigeria has successfully secured the bid to host the $5 billion African Energy Bank (AEB) headquarters, a global multilateral institution dedicated to financing Africa’s hydrocarbon resources and supporting the continent’s energy transition and net-zero commitments.
The announcement was made by Heineken Lokpobiri, Minister of State for Petroleum Resources, in Abuja on Thursday, following a meeting of the Council of Ministers of the African Petroleum Producers’ Organization and the Afrexim Bank, the joint promoters of the bank.
The hosting of AEB is expected to bring numerous benefits to Nigeria, including boosting the country’s Gross Domestic Product (GDP), enhancing employment opportunities, and strengthening financial architecture and inclusion.
This significant development is anticipated to revolutionize Nigeria’s oil and gas sector, positioning the nation as a pivotal player in Africa’s energy landscape.
More to follow………..
NEWS
‘Port Harcourt Is My City’ – Ibas Assumes Duty As Rivers Sole Administrator

The newly appointed Sole Administrator for Rivers State, Vice Admiral Ibok-Ete Ibas (retd), has arrived in the state to formally assume office, expressing optimism about maintaining peace and stability.
Ibas landed at the Port Harcourt International Airport, Omagwa, at approximately 11:25 a.m. on Thursday, where he was received by top government officials and security personnel.
Upon arrival, he was accorded a guard of honour before proceeding to the Government House in Port Harcourt.
READ MORE: Tinubu Swears In Ibas As Rivers Sole Administrator
Accompanied by the State Commissioner of Police, Olugbenga Adepoju, and the Assistant Inspector General of Police, Zone 16, Ibas was conducted around the Government House before heading to the Executive Council Chamber.
There, he addressed Government House officials and service chiefs in a closed-door session.
Speaking briefly with journalists, the retired Vice Admiral, dressed in an all-white native attire, expressed confidence in the state’s stability and promised further engagements with stakeholders.
“I want to thank you all for what you have been doing so far. When I got in here, I decided to meet with the Head of Service and service commanders. I will have to meet them for formal briefing,” Ibas stated. “I assure you that later this evening, I will address you on some issues you want to know.”
Asked about his reception in the state, Ibas said, “Port Harcourt is my city. Everything appears calm. We just want Port Harcourt to get to where it has always been.”
NEWS
JUST IN: Senate Backs Tinubu’s Suspension Of Gov Fubara, Others

The Nigerian Senate on Thursday approved President Bola Tinubu’s proclamation imposing a six-month suspension on Rivers State Governor Siminalayi Fubara, his deputy, and all members of the State House of Assembly.
The Senate’s decision followed a closed-door session that lasted over an hour, after which Senate President Godswill Akpabio announced the resolution.
The Senate based its approval on Orders 133, 134, 135, and 136.
READ ALSO: Fubara Breaks Silence On Tinubu’s State Of Emergency In Rivers, Calls For Calm
During the plenary, Akpabio read out Tinubu’s official letter, which stated: “In compliance with the provisions of Section 305, Subsection 2 of the Constitution of the Federal Republic of Nigeria, 1999, as amended, I hereby forward, for the consideration of the Senate, copies of the official Gazette of the State of Emergency Proclamation 2025.”
The letter outlined the key aspects of the proclamation, including the suspension of the Rivers State government and the appointment of Vice-Admiral Iboete Iba as the state’s Administrator.
The Administrator will operate under direct instructions from the President.
“While I look forward to the expeditious consideration of the Senate, please accept, Distinguished Senate President, the assurances of my highest consideration,” Tinubu’s letter added.
Following the reading of the letter, Akpabio committed it to the Senate Committee of the Whole for immediate passage.
Senator Seriake Dickson (PDP, Bayelsa West) then invoked Order 133, requesting a closed-door session.
NEWS
PHRC Fully Operational, Producing Refined Products – NNPC Ltd

The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that despite a minor incident at a section of the Port Harcourt Refining Company (PHRC) earlier today, the plant remains operational and continues to produce on-spec refined petroleum products.
ALSO READ: Tinubu Swears In Ibas As Rivers Sole Administrator
This was disclosed in a statement on its verified handle on micro-blogging site, X on Wednesday night by its Chief Corporate Communications Officer, Olufemi O. Soneye.
The NNPC Ltd assures the public that there is no cause for concern, as all sections of the recently rehabilitated plant are in full operation, Soneye explained.