Saturday, October 24Reporting with Care

Author: Rareview

TINUBU NOMINATES MAGNUS ABE, 20 OTHERS FOR PETROLEUM REGULATORY BOARDS

TINUBU NOMINATES MAGNUS ABE, 20 OTHERS FOR PETROLEUM REGULATORY BOARDS

News
By Ono Yima President Bola Ahmed Tinubu has formally requested the Senate’s confirmation of 21 nominees for appointments into the boards of Nigeria’s two key petroleum sector regulators—the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The request was conveyed in two separate letters to the Senate and announced in a statement issued on Tuesday by the President’s Special Adviser on Information and Strategy, Mr Bayo Onanuga. In the first letter, President Tinubu nominated former Senator Magnus Abe as Chairman of the Board of the NUPRC. Abe, who represented Rivers South-East Senatorial District for two terms, previously served as a board member of the Nigerian National Petroleum Corporation...
IKOTUN MARKET FIRE: FRESH FINDINGS CONTRADICT EARLIER REPORTS, TRADERS ALLEGE OFFICIAL NEGLECT

IKOTUN MARKET FIRE: FRESH FINDINGS CONTRADICT EARLIER REPORTS, TRADERS ALLEGE OFFICIAL NEGLECT

News
By Ali Elias Fresh investigations by Rareview News Report into the fire outbreak that razed a one-storey structure at the Ikotun market area have revealed significant details that contradict earlier accounts of the incident, while raising troubling questions about official response, transparency, and post-disaster handling. The follow-up inquiry was prompted by calls received after our earlier publication titled “From Ikotun to Kaduna, the High Cost of Fake News.” Acting on the feedback, our reporters returned to the scene to establish the true circumstances surrounding the inferno. Contrary to initial reports, the affected building is not residential. Findings indicate that it is a fully commercial facility housing about 58 shops, offices, warehouses and parking stores. Those...
U.S. STRIKE TOPPLES MADURO AS WASHINGTON CONFIRMS CAPTURE OF VENEZUELAN LEADER

U.S. STRIKE TOPPLES MADURO AS WASHINGTON CONFIRMS CAPTURE OF VENEZUELAN LEADER

News
Photo by Fox News By Ali Elias The United States has confirmed that its forces carried out a coordinated military strike in Venezuela that led to the arrest of President Nicolás Maduro, bringing a dramatic end to the strongman’s turbulent rule and sending shockwaves across Latin America and the wider international community. The operation, executed in the early hours of Saturday, targeted strategic locations in and around Caracas and culminated in the capture of Maduro and his wife, Cilia Flores, who were subsequently flown out of the country under U.S. custody. President Donald Trump confirmed the outcome later that day, describing the mission as “successful” and decisive. Multiple explosions were heard across Caracas as U.S. military aircraft, including helicopters from the e...
FROM IKOTUN TO KADUNA: THE HIGH COST OF FAKE NEWS

FROM IKOTUN TO KADUNA: THE HIGH COST OF FAKE NEWS

News
By Ali Elias The New Year opened with tension in parts of Lagos after reports spread on social media claiming that Ikotun Market in Alimosho Local Government area had been gutted by fire. Social media posts quickly transformed an unverified incident into a narrative of ethnic targeting and state-backed persecution. In reaction to one of the videos, an Igbo woman trader at Ijegun market, visibly distressed, lamented the situation, “this is Igbo business again being destroyed”. The comment resonated with other Igbo traders, given recent fire outbreaks at Balogun Market, Lagos Island, and Arena Market in Oshodi. These were cited as evidence of a pattern.  “What are we still doing here?” one voice was heard asking, a comment that could be interpreted by many as a reflection of th...
PETER OBI CALLS FOR UNITY, TRUTH, AND NATIONAL RENEWAL IN NEW YEAR RALLY

PETER OBI CALLS FOR UNITY, TRUTH, AND NATIONAL RENEWAL IN NEW YEAR RALLY

News
By Chichi Nwaoye As Nigeria entered 2026, former Anambra Governor Peter Obi used the occasion to issue a call for unity, transparency, and decisive leadership, framing the New Year as a turning point for the nation. Speaking at a gathering at Nike Lake Resort, Enugu, Obi urged Nigerians to confront systemic failures and embrace a path of inclusive development and honest governance. In a statement marking New Year’s Day, Obi described the period as a chance for “sober reflection and renewed determination,” stressing that democracy should not be reduced to an electoral ritual, but practiced daily through justice, accountability, compassion, and the rule of law. He challenged public officials to rediscover the sacred duty of truth-telling, including honesty about policies, intentions, a...
PETER OBI DUMPS LABOUR PARTY FOR ADC, SIGNALS EARLY 2027 BATTLE

PETER OBI DUMPS LABOUR PARTY FOR ADC, SIGNALS EARLY 2027 BATTLE

News
Image courtesy of The Cable By Chichi Nwoye Former Anambra State Governor and 2023 presidential candidate, Peter Obi, has officially defected from the Labour Party (LP) to the African Democratic Party (ADC), a move that reshapes Nigeria’s opposition landscape less than two years to the next general election. Obi announced his decision on Tuesday at a political gathering held at Nike Lake Resort, Enugu, declaring that his next political steps would be anchored on early preparation and resistance to electoral malpractice. “We are ending this year with the hope that in 2026 we will begin a rescue journey,” Obi told supporters and party leaders. “We will resist rigging of elections by every lawful means in 2027.” The former governor also stressed the need for early compliance wi...
NNPC SEEKS $2BN FUNDING TO REPAIR PIPELINES HIT BY OIL THEFT

NNPC SEEKS $2BN FUNDING TO REPAIR PIPELINES HIT BY OIL THEFT

Energy
By Ono Yima The Nigerian National Petroleum Company Limited (NNPC Ltd.) is in talks to secure $2 billion in financing to repair and upgrade pipeline infrastructure severely damaged by years of oil theft and vandalism, in a renewed effort to revive the country’s struggling petroleum sector. Industry sources say the state-owned energy firm is negotiating the funding with Nexus Alliance, a company specialising in pipeline infrastructure support. If concluded, the financing is expected to be available in early 2026, with the proceeds earmarked for critical rehabilitation works across Nigeria’s onshore pipeline network. Nigeria’s oil pipelines have suffered extensive damage from illegal tapping, sabotage and neglect, leading to persistent crude losses, frequent spills and prolonged pro...
NNPC TARGETS $30BN INVESTMENT TO REVIVE IDLE OIL FIELDS, BOOST OUTPUT

NNPC TARGETS $30BN INVESTMENT TO REVIVE IDLE OIL FIELDS, BOOST OUTPUT

Energy
By Ono Yima Nigeria’s state-owned energy firm, the Nigerian National Petroleum Company Limited (NNPC Ltd.), is planning a major investment drive aimed at unlocking long-idle oil fields and reversing years of underinvestment in the country’s upstream sector. Senior industry sources say NNPC is seeking to mobilise at least $30 billion in new investments by the end of the decade, with fresh field development expected to commence from next year. The plan signals a strategic shift by the national oil company as Africa’s largest crude producer struggles to stabilise output and retain investor confidence amid security, regulatory and funding challenges. According to officials familiar with the plan, NNPC expects to take a series of final investment decisions (FIDs) through 2026, targetin...
NNPC LTD LAUNCHES BID TO SELL STAKES IN OIL, GAS ASSETS

NNPC LTD LAUNCHES BID TO SELL STAKES IN OIL, GAS ASSETS

Energy
By Ono Yima The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a formal bid process to sell equity stakes in some of its oil and gas assets, signalling a renewed push to optimise its portfolio and attract fresh investment into the country’s struggling upstream sector. Details of the bid process were outlined in an invitation document obtained by Reuters on Monday. Although NNPC Ltd did not disclose the specific assets involved, the size of the stakes on offer, or the funds it hopes to raise, the move aligns with an earlier announcement by the company to divest or reduce at least 25 per cent equity in select oil and gas fields. Under the process, interested bidders are required to register online by January 10, after which a pre-screening exercise will be cond...
ARADEL RAISES STAKE IN ND WESTERN TO 81.67%, DEEPENS UPSTREAM PLAY

ARADEL RAISES STAKE IN ND WESTERN TO 81.67%, DEEPENS UPSTREAM PLAY

Energy
By Ali Elias Aradel Holdings Plc has strengthened its foothold in Nigeria’s upstream oil and gas sector with the completion of its acquisition of an additional 40 per cent equity stake in ND Western Limited, consolidating its position among leading indigenous energy companies. In a regulatory filing released on the Nigerian Exchange on Wednesday, Aradel said the transaction was executed through its wholly owned subsidiary, Aradel Energy Limited, after fulfilling all regulatory and contractual conditions precedent. The acquisition was first announced on October 24, 2025. With the deal completed, Aradel Energy Limited’s shareholding in ND Western increased from 41.67 per cent to 81.67 per cent, effectively making ND Western a subsidiary of Aradel Energy. The transaction also resu...
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