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Oct52026 by RareviewNo Comments

MILITARY AIRCRAFT CRASHES NEAR NAVAL BASE IN ONDO, 32 ABOARD

News

By Ali Elias With reports from our Correspondents in Akure, Lagos and Benin A Nigerian Air Force aircraft carrying 32 people has crashed in the Igbokoda area of Ilaje Local Government Area of Ondo State, after losing contact with air traffic controllers while on a routine flight from Benin City to Lagos. The aircraft, identified as an ATR-42 with tail number NGR 931, disappeared from contact at about 9:13 a.m. on Monday, prompting an immediate search before its wreckage was located near the Naval Base in Igbokoda. The Minister of Aviation and Aerospace Development, Festus Keyamo, confirmed the incident in a statement, saying air traffic controllers had been unable to re-establish radio contact with the aircraft. “I regret to inform the general public that Air Traffic Con...

Oct52026 by RareviewNo Comments

WHO CAN EXPLAIN NNPC’S N11.2TRN SECURITY BILL?

Energy

By Hector Igbikiowubo The Nigerian National Petroleum Company Limited has finally put a number to the black hole that has swallowed Nigeria’s oil wealth for years. In its 2025 audited financial report, the company casually disclosed that it spent a mind-boggling N11.2 trillion to “protect the country’s oil and gas assets on behalf of the Federal Government.” Let that figure sink in. N11.2 trillion. Not billion. Trillion. For a country that is not at war, not under invasion, and not battling a foreign adversary for its oil fields, what exactly was NNPC protecting oil assets from that cost more than one-and-a-half times its entire declared profit for the year? The company declared N7.2 trillion in profit after tax and N34.5 trillion in revenue. Yet it claims to have spe...

Oct52026 by RareviewNo Comments

POLICE KNOW WHERE ABDUCTED NYSC MEMBERS ARE — BUT CANNOT MOVE IN

News

By Rareview With reports from our correspondents in Owerri, Ibadan and Abuja Security agencies have located the suspected forest hideout where prospective members of the National Youth Service Corps (NYSC) abducted in Imo State are being held, but fears that the camp has been rigged with improvised explosive devices (IEDs) have delayed a direct rescue operation. The development came as anxiety deepened among families of the abducted graduates, with relatives alleging that some of the captives were being beaten by their abductors. The Imo State Commissioner of Police, Audu Garba Bosso, disclosed the location of the suspected camp while briefing journalists on the search-and-rescue operation. Bosso said operatives had tracked the abductors into the bush before deploying drones...

Sep302026 by RareviewNo Comments

TINUBU RETURNS TO LAGOS AFTER 4-WEEKS EUROPEAN WORKING VACATION

Politics

By Ali Elias President Bola Ahmed Tinubu has returned to Nigeria after ending his working vacation in Europe, arriving in Lagos from Paris, France, where he is scheduled to spend several days on political and Independence Day engagements. The President departed Paris on Tuesday and was expected to arrive at the Murtala Muhammed Airport, Lagos, later that evening, according to a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga. “President Bola Ahmed Tinubu has ended his working vacation and has already departed Paris, France, for the homeward journey to Nigeria,” Onanuga said in the statement. As of Wednesday, September 30, President Tinubu is in Lagos, where he is expected to attend events marking Nigeria's Independence Day and hold meetings...

Sep302026 by RareviewNo Comments

MALAMI AND THE INFAMY OF NIGERIA’S MAMBILA HYDROPOWER ARBITRATION

Opinion

By Chidi Anselm Odinkalu OPINION WHEN he announced the military coup in Nigeria on 15 January 1966, Chukwuma Kaduna Nzeogwu denounced a confederacy of “political profiteers, the swindlers, the men in high and low places that seek bribes and demand 10 percent.” At the time, Nigeria was mostly funded by agriculture and solid minerals. Seven years later, that changed. Following the onset of the Arab-Israeli War in October 1973, the Organisation of Petroleum Exporting Countries (OPEC) weaponised the price of oil. In the year that followed, oil prices rose over ten times. For oil-producing countries, it was a windfall. Nigeria was one of the beneficiaries of what became known as the “oil boom”. In the words of then military ruler, Yakubu Gowon, our problem wa...

Sep302026 by RareviewNo Comments

NNPC LTD WELCOMES $800M IMA GAS FINAL INVESTMENT DECISION

Energy

By PR The Nigerian National Petroleum Company Limited (NNPC Ltd) has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, describing it as a landmark development that affirms the growing viability of Nigeria’s upstream gas sector. The project, located offshore in OMLs 112 and 117 and developed by AMNI International in partnership with TotalEnergies, will produce about 300 million standard cubic feet of gas per day at peak. The output will supply critical feedgas to Nigeria LNG Limited in support of its Train 7 expansion, which will increase capacity at the Bonny Island plant from 22 million tons per annum to 30 Mtpa. The FID was enabled by the Presidential Directives of 2024, which provided fiscal incentives for non-associated gas, streamlined cont...

Sep302026 by RareviewNo Comments

NNPC DELIVERS ₦7.2 TRILLION PROFIT AS PRODUCTION REACHES MULTI-YEAR HIGHS…Declares ₦5.8 Trillion Dividend

Energy

By PR NNPC Limited today announced audited results for the year ended 31 December 2025, following its Annual General Meeting and second Earnings Call with financial and business analysts. The results underline the Company’s growing earnings capacity and operational momentum and provide a stronger platform for growth. Profit After Tax rose 33% to ₦7.2 trillion from ₦5.4 trillion in 2024, while revenue stood at ₦34.5 trillion. Revenue declined 24%, principally reflecting lower crude oil prices and reduced white product volumes following market deregulation in 2024. Stronger earnings despite this pressure demonstrate the resilience of NNPC Limited’s operations. Key financial measures advanced: EBITDA rose 22% to ₦18.0 trillion; Earnings Per Share increased 32% to ₦35.9; operating...

Sep302026 by RareviewNo Comments

NCDMB HONOURS RETIREES, REFLECTS ON LOCAL CONTENT GROWTH

Energy

By PR The Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 and the exponential growth of local content in the oil and gas industry since the enactment in year 2010 were the key talking points among pioneering Management staff of the Nigerian Content Development and Monitoring Board (NCDMB) hosted at a Retirees’ Celebration Dinner on Friday. At the event which held at the Conference Centre, Nigerian Content Tower (NCT), Yenagoa, corporate headquarters of the agency, 14 former employees who had served in its seven Directorates, received Special Awards of Excellence for years of meritorious service to the organisation. The retired Director, Legal Services Directorate (LSD), Mohammed Babaginda Umar, Esq, recalled the less-than-welcoming disposition of major oil...

Sep272026 by RareviewNo Comments

Tinubu’s Endless Vacation: Why Is the President Still Abroad?

Politics

By Rareview President Bola Tinubu has postponed his return to Nigeria yet again, turning what was announced as a three-week working vacation into a nearly month-long absence and raising fresh questions about the whereabouts of the country’s president and the constitutional arrangements governing his stay abroad. Tinubu was expected back in Nigeria this weekend after the Presidency announced last week that he would return following an extension of his European trip. But that plan has now changed. Presidency sources say the president’s return has been pushed to Tuesday, although the reason for the latest change was not immediately disclosed. The development is likely to rekindle questions that have followed Tinubu’s prolonged stay abroad: Why has the president remained away f...

Sep272026 by RareviewNo Comments

NCDMB launches In-house Academy for Knowledge-sharing among Staff, Stakeholders

Energy

By PR As part of efforts to enhance the capacity of its staff to effectively lead and regulate the oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB), on Thursday inaugurated its LearnFest Lecture Series, a platform for continuous learning among staff and oil and gas industry stakeholders. LearnFest, an initiative under the Nigerian Content Academy (NCA), a specialised knowledge-sharing and training arm of the agency, will provide trainings on the mandate and inner workings of the Board. Attended by all staff at the corporate headquarters in Yenagoa, the three-hour event was focused on raising awareness of the different directorates of the organisation, their constituent divisions and departments, as well as their specific responsibilities and ...