June 13, 2017

Photos: Flag off of Emergency Food Intervention By The Acting President

Hamilton Nwosa

Writer

Presidency signals overhaul of NNPC as oil output stagnates

By Obinna Uballa The Presidency has hinted at a possible restructuring of the Nigerian National Petroleum Company Limited (NNPC) as the government confronts declining oil production and weak operational performance in the upstream sector. Speaking at the Nigerian Association of Petroleum Explorationists (NAPE) Conference in Lagos on Monday, Special Adviser to the President on Energy,…

November 11, 2025 • News

FEDA invests $75m in Spiro to accelerate Africa’s electric mobility transition

By Obinna Uballa The Fund for Export Development in Africa (FEDA), the development equity investment arm of African Export-Import Bank (Afreximbank), has announced a $75 million strategic investment in Spiro, Africa’s leading electric two-wheel assembler and operator of the continent’s fastest-growing battery swapping network, according to a statement made available to The New Diplomat by…

November 10, 2025 • News

EFCC Declares Ex-Gov. Timipre Sylva Wanted Over Alleged $14.8M Fraud

By Abiola Olawale The Economic and Financial Crimes Commission (EFCC) has declared Chief Timipre Sylva, a former Minister of State for Petroleum Resources and former Governor of Bayelsa State, wanted over an alleged connection with a case of conspiracy and dishonest conversion involving over $14.8 million in public funds. This declaration was made public via…

November 10, 2025 • News

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