NEWS
Osun guber outcome not verdict on our growing strength – Peter Obi
By Paul Eso
The presidential candidate of the Labour Party, LP, for the 2023 general elections, Mr. Peter Obi, has stated that the outcome of the just concluded governorship election in Osun State, was not a verdict on the exponentially growing strength across the country.
Obi in a congratulatory message to the Governor-Elect, Ademola Adeleke, Sunday night, via his verified Twitter account, stated that the LP has made its presence and political impact felt national, adding that much work remains to be done.
Obi wrote: “I extend my warmest personal congratulations to Sen. Ademola Adeleke on winning the Osun State Gubernatorial elections.
“I also congratulate the candidate of our LP, Rt. Hon Lasun Sulaimon Yusuff and his running mate, Adeola Adekunle Atanda, for a hard-fought battle and their spirit of resolve and sportsmanship, despite the outcome.
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“To the Obedient Movement Family and our supporters nationwide, the outcome of this particular election is not a verdict on our exponentially growing strength nationwide, especially when viewed against the fact that we are barely one month old in the party and we had to contend with forces that have been entrenched in the state for the last two decades. However, within this very short period of only a few weeks, the Labour Party has made its presence and political impact felt national.”
Continuing, the LP standard bearer said that”We must strengthen our collective resolve not to relent in our noble march to take back our country.
Much work remains to be done, hence we must focus the totality of our efforts now on the forthcoming 2023 General elections.
“In the fullness of time, our message of rescue and recovery will resonate throughout the length and breadth of the Nation and most Nigerian electorate will buy in into our mission to take back Nigeria, for the purpose of rescuing it from continued decline, shift the national psyche from consumption to production and from sharing dwindling resources to creating wealth and frontally combating poverty.”
NEWS
How Nigerian Twins Defied Recruitment Rumours to Secure NNPC Jobs
Identical Nigerian twins, Hussaini and Hassan Malami, have secured employment with the Nigerian National Petroleum Company Limited as members of the NNPC Tigers Class of 2026, after overcoming a misconception about the company’s recruitment process.
Their inspiring story was contained in a profile by Adaobi Oniwinde, Senior Communications Advisor at NNPC Limited, on Monday.
Hussaini, who had always aspired to work with NNPC, applied when the company opened its recruitment exercise and encouraged his twin brother, Hassan, to do the same.
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Hassan initially hesitated because he believed NNPC recruited only one person from a family. Concerned that applying could jeopardise his brother’s chances, he decided against it at first.
He was also more interested in joining the Nigerian Air Force and already had a job in the banking sector.
However, with the application deadline approaching and following persistent encouragement from Hussaini, Hassan eventually applied.
The brothers later took the computer-based recruitment test on the same day but at different locations, with Hussaini sitting for his test in Sokoto and Hassan taking his in Kaduna.
After going through interviews and other stages of the recruitment process, both brothers received employment letters on the same day.
Hussaini said he discovered his employment offer after midnight and was eager to share the news with his family.
“I opened the email after midnight and wanted to wake everybody up to tell them,” he said.
Hassan said he learnt about his successful application through the family WhatsApp group when he woke up.
“That’s when the pressure hit me. I was now nervous about the possibility of not being successful once Hussaini shared his news,” he said.
The twins eventually secured positions in different NNPC subsidiaries. Hussaini joined NNPC Exploration & Production Limited, while Hassan joined NNPC Gas Infrastructure Company.
For Hassan, the new job has exposed him to aspects of Nigeria’s gas industry that were previously unfamiliar to him.
“I didn’t know there was a whole business dedicated to transporting gas,” he said, explaining that his experience had given him a clearer understanding of how gas powers plants and supports manufacturing companies.
Although Hassan had initially hoped to pursue a career in the military, he now considers his role in the energy sector another form of national service.
He also said he still hoped to explore military service before reaching the age limit in 2030.
Hussaini, on his part, said working at NNPC had strengthened his desire to contribute to the development of Nigeria’s energy sector.
He also expressed interest in becoming a guest lecturer at his university in the future, saying he wanted to share practical industry experience with students.
“When I was in university, I only had one lecturer with field experience,” he said. “I want to share practical experience with students someday.”
The brothers also identified different NNPC culture transformation pillars that reflected their individual approaches to work.
Hussaini chose “Enterprise First,” saying, “Giving your best to the company is giving your best to the country.”
Hassan, a civil engineer, selected “Execution Excellence,” explaining, “I’m a civil engineer. I like seeing things come to life from concept to completion.”
The twins urged young Nigerians interested in working with NNPC to ignore rumours about the recruitment process and apply whenever opportunities arise.
“You don’t need to know anybody at NNPC. Apply. Take the test and earn your place,” they said.
NEWS
Iran Rolls Out Terms for Hormuz Reopening
New concerns have emerged that disruption to one of the world’s most critical oil routes might continue, as Iran has laid terms of reopening the Strait of Hormuz on the table before the United States of America (USA).
Biztellers reports that Iran is demanding six things, touching on military operations, sanctions, compensation and access to her frozen assets, as conditions precedent to the reopening of the route.
According to Mohammad Baqer Zolghadr, Secretary of Iran’s Supreme National Security Council (SNSC), Tehran expected Washington to end what it described as hostile actions before the strategic waterway could be reopened.
Iran’s conditions include an end to US threats and military operations, a permanent cessation of the war, the withdrawal of American naval and air forces from areas around Iran, compensation for damage caused by the conflict, the removal of sanctions and the release of frozen Iranian assets.
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The demands indicate that Tehran does not consider the draft agreement being discussed with Washington sufficient to restore normal shipping through the strait.
Any eventual agreement would also require approval from Iran’s SNSC, suggesting that the reopening of the waterway could remain tied to wider political and security negotiations.
The development comes as shipping activity through the Strait of Hormuz remains significantly below previous levels, with only 33 vessels crossing the waterway from Monday through Thursday, compared with 50 during the corresponding period a week earlier.
Crude tanker movements have been particularly limited, with only six crude oil tankers reportedly exiting the strait so far this week.
The subdued traffic has persisted despite expectations that Iran and Oman could reach an arrangement to facilitate a shipping corridor through the waterway.
Further uncertainty surrounds the treatment of vessels linked to the USA and Israel, with Tehran considering restrictions on such ships. Earlier proposals for charging transit fees have also heightened concerns among shipping operators.
In a related development, the European Union (EU) has accused Iran’s Islamic Revolutionary Guard Corps Navy of operating a screening and toll system for vessels transiting the strait, adding to concerns over the security and cost of commercial shipping.
Washington, however, has struck a more optimistic tone.
US Vice President, JD Vance, said the administration expected oil and gas flows from the Gulf to eventually return to levels recorded before the conflict.
Vance also said Iran had informed Washington that it did not intend to impose transit tolls, although he acknowledged that the United States remained cautious about relying on Tehran’s assurances.
The conflicting positions have left the outlook for a return to normal shipping through Hormuz uncertain.
While Washington is projecting a restoration of Gulf energy flows to pre-war levels, Iran has now linked the reopening of the strait to broad military, political and financial concessions from the United States.
The Strait of Hormuz is a critical artery for global energy markets, making the duration of the disruption particularly significant for crude oil, refined products and natural gas supplies.
The outcome of the negotiations could therefore determine whether the current disruption remains a short-term shock or develops into a prolonged threat to global energy supplies, with potential implications for oil prices, tanker markets and energy security worldwide.
NEWS
EITI Appraises Nigeria’s Oil, Gas Industry Reforms
The Global Extractive Industries Transparency Initiative (EITI) team is in Nigeria to assess the impact, transparency and accountability in the oil, gas and mining sectors.
The validation mission, effective Monday, is part of the 2026 EITI’s Validation Exercise that commenced on July 1.
The exercise is particularly significant for Nigeria, as it provides an opportunity for the country to demonstrate how far it has implemented the corrective actions identified during its previous assessment and strengthened the governance of its natural resources.
The Nigeria EITI, in a statement issued on Sunday under the signature of its Director of Communications and Stakeholders Management, Obiageli Onuorah, said the arrival of the global assessors marked a major stage in the ongoing validation process.
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The mission is expected to run from August 10 to August 14, during which the assessors will conduct a comprehensive quality assurance assessment and consult a wide range of stakeholders involved in Nigeria’s extractive industries.
The statement read, “The Nigeria Extractive Industries Transparency Initiative announces the arrival of the Global Extractive Industries Transparency Initiative Validation Assessors as part of the ongoing 2026 EITI Validation Exercise which commenced on July 1st 2026. The presence of the EITI Mission in Nigeria marks a significant stage in Nigeria’s 2026 EITI Validation and forms part of the global EITI Validation process.
“During the mission, which commences August 10th 2026, the Validation Assessors will undertake a comprehensive quality assurance assessment and hold consultations with key stakeholders”
The stakeholders include government institutions, the National Assembly, oil, gas and mining companies, civil society organisations, development partners, anti-corruption agencies, host communities and the media.
The assessors will also meet senior government officials and key institutions involved in the management and oversight of Nigeria’s extractive resources.
Among those expected to meet the mission are the Secretary to the Government of the Federation and Chairman of the NEITI Board, Senator George Akume; members of the NEITI National Stakeholders Working Group; the Ministers of Finance and Budget and Economic Planning; the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited; NEITI’s Inter-Ministerial Task Team; members of the Senate Committee on Public Accounts and other relevant committees of the National Assembly, as well as the Ministry of Industry, Trade and Investment.
The consultations are expected to give the assessors an opportunity to hear directly from stakeholders about the country’s implementation of the EITI Standard, ongoing reforms and outstanding challenges in the extractive sector.
Commenting, the Executive Secretary of NEITI, Musa Adar, described the exercise as an important opportunity for Nigeria to demonstrate its commitment to responsible management of its oil, gas and mining resources.
“Nigeria remains firmly committed to the principles of the Extractive Industries Transparency Initiative. We regard the Validation process as an opportunity not only to assess the progress we have made, but also to highlight areas where further reforms can enhance extractive sector governance,” Sarkin Adar said.
The NEITI boss said the agency had worked with the National Stakeholders Working Group and other stakeholders to prepare for the assessment.
According to him, the preparations included the submission of Nigeria’s validation documentation and targeted engagements with stakeholders in line with the requirements of the 2023 EITI Standard.
He expressed confidence that the mission would strengthen Nigeria’s relationship with the global EITI and reinforce its commitment to transparency, accountability and prudent management of its natural resources.
Validation is the EITI’s independent quality assurance mechanism for determining how well implementing countries comply with the EITI Standard.
The process examines the extent to which countries have improved transparency and accountability in the management of extractive resources while also identifying areas requiring further reforms.
For Nigeria, the latest exercise comes against the backdrop of its previous validation, which produced a moderate score but also identified areas requiring corrective action.
Nigeria underwent its fourth EITI validation in January 2023 under the 2019 EITI Standard and obtained an overall score of 72 points.
The assessment identified a number of corrective actions that Nigeria was expected to address before its next validation.
The 2026 exercise will therefore provide an independent assessment of whether the country has made measurable progress since the last validation and whether reforms have been institutionalised across the extractive sector.
The assessment covers issues central to the management of Nigeria’s vast oil, gas and mining resources, including transparency, public oversight and accountability.
The latest validation is also taking place as Nigeria seeks to deepen reforms in its extractive industries and attract more investment into the upstream oil and gas and mining sectors.
The country has long faced concerns over revenue leakages, opaque ownership structures, crude oil theft, weak public oversight and limited transparency around the management of natural resources.
The EITI process is designed to help address some of these challenges by promoting disclosure and encouraging collaboration among government, extractive companies and civil society.
Nigeria joined the EITI as an implementing country in 2004 and subsequently enacted the NEITI Act in 2007, establishing a statutory framework for promoting transparency in the management of the country’s extractive industries.
Since then, NEITI has conducted industry audits, published reports and made recommendations aimed at improving revenue collection, reducing leakages and strengthening accountability in the oil, gas and mining sectors.
The 2026 validation therefore comes at a critical point for the country as it seeks to demonstrate that previous recommendations have translated into concrete institutional reforms rather than remaining largely on paper.
NEITI said the exercise would also allow stakeholders to present their perspectives on the reforms and challenges affecting the extractive sector.
“The 2026 EITI Validation is an opportunity to demonstrate the progress Nigeria has made in strengthening extractive sector governance, addressing previous corrective actions and institutionalising reforms that promote transparency and accountability,” the agency stated.
The outcome of the exercise will provide an external assessment of Nigeria’s implementation of the EITI Standard and could influence the direction of further reforms in the sector.
The validation mission is expected to conclude on August 14.





