The New Diplomat

TotalEnergies Q3 Earnings Hold Steady Despite Oil Price Dip

Abiola Olawale — Thu, 30 Oct 2025 17:00:15 +0000

TotalEnergies (NYSE: TTE) reported third-quarter earnings essentially flat from a year earlier, as higher production, strong cash flows, and surging refining margins offset a 10% decline in oil prices. TotalEnergies said on Thursday that its adjusted net income stood at $4 billion for the third quarter, flat compared to $4.1 billion for the same period […]

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Drama as Natasha Invites Akpabio to Commission Kogi Projects

Abiola Olawale — Thu, 30 Oct 2025 16:52:37 +0000

By Abiola Olawale In a move signaling a potential end to their high-profile political dispute, Senator Natasha Akpoti-Uduaghan, the lawmaker representing Kogi Central Senatorial District of Kogi state, has officially invited the President of the Senate, Senator Godswill Akpabio, and other distinguished senators to a project commissioning ceremony in her constituency. Akpoti-Uduaghan’s invitation was conveyed […]

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Tinubu Decorates New Service Chiefs After Senate Confirmation

Abiola Olawale — Thu, 30 Oct 2025 14:10:56 +0000

By Abiola Olawale President Bola Ahmed Tinubu on Thursday officially decorated the newly appointed Service Chiefs with their new ranks, marking the formal assumption of their duties. The ceremony, held at the State House, followed the unanimous confirmation by the Senate. The ceremony, which began shortly after 2pm saw the President perform the decoration alongside […]

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Senate Screens, Confirms Bernard Doro as Minister

Abiola Olawale — Thu, 30 Oct 2025 13:01:36 +0000

By Abiola Olawale The Nigerian Senate has confirmed Dr. Bernard Mohammed Doro as a Minister of the Federal Republic of Nigeria. Dr. Doro’s confirmation follows his screening and presentation to the lawmakers, marking the successful legislative hurdle for the Plateau State nominee. The New Diplomat reports that the screening session lasted for about than 30 […]

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All Enugu Reps Dump PDP, LP for APC, Align with Gov. Mbah

Abiola Olawale — Thu, 30 Oct 2025 12:21:58 +0000

By Abiola Olawale Enugu State’s political landscape has been reshaped as the entire House of Representatives caucus from the state formally defected to the ruling All Progressives Congress (APC). The shift saw lawmakers dump the Peoples Democratic Party (PDP) and the Labour Party (LP). The defection of the six members (from PDP and LP) means […]

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Alleged Coup Probe Drags NDDC MD into Military’s Net as N45bn Fund Trail Surfaces

Abiola Olawale — Thu, 30 Oct 2025 11:26:43 +0000

By Abiola Olawale The controversy surrounding an alleged coup plot against the Bola Tinubu administration has escalated, drawing the Managing Director of the Niger Delta Development Commission (NDDC), Dr. Samuel Ogbuku, into the military’s investigative dragnet. Reports indicate that the ongoing probe by the Defence Intelligence Agency (DIA) has uncovered an alleged financial trail of […]

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Ranks and Details Emerge on Detained Officers in Alleged Plot Against Tinubu

Abiola Olawale — Thu, 30 Oct 2025 11:20:49 +0000

By Abiola Olawale New details have surfaced regarding the identity and background of some of the military officers currently detained in connection with an alleged plot to overthrow President Bola Ahmed Tinubu’s government. The revelations come amid a recent, sweeping overhaul of the nation’s military hierarchy by Tinubu. While the Defence Headquarters (DHQ) has officially […]

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Details as Tinubu Slams 15% Import Duty on Petrol, Diesel

Abiola Olawale — Thu, 30 Oct 2025 11:17:19 +0000

By Abiola Olawale President Bola Tinubu has officially approved a 15% ad-valorem import duty on Premium Motor Spirit (PMS), popularly known as petrol, and diesel imports. It was gathered that the directive is aimed at bolstering local refining capacity and stabilizing the market. The approval was conveyed in a memo from the Presidency to the […]

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Can Tinubu Do Anything Right for Once?

The New Diplomat — Thu, 30 Oct 2025 05:18:23 +0000

By Farooq Kperogi Why is this Tinubu government so exasperatingly allergic to doing anything right? It issued a news release saying it had reversed its invidious pardon of notoriously cold-blooded murderers, drug barons and kidnappers. Just when many of us were impressed enough by what appeared to be the government’s unaccustomed sensitivity to public outrage […]

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A Decade After Power Sector Privatization: Lessons for Nigeria’s Electricity Market and the Looming AI Parallel

The New Diplomat — Thu, 30 Oct 2025 05:14:42 +0000

By Sonny Iroche In 2013, Nigeria embarked on one of the most ambitious privatization exercises in its history, the unbundling and sale of its electricity generation and distribution assets. Eleven Distribution Companies (DisCos) and six Generation Companies (GenCos) were carved out of the defunct Power Holding Company of Nigeria (PHCN), while the Transmission Company of […]

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Reputational Crisis Hits Nestoil as Police Seal Firm over $1bn Debt

Abiola Olawale — Wed, 29 Oct 2025 19:07:56 +0000

By Abiola Olawale In a dramatic turn of events, the corporate headquarters of an indigenous oil and gas giant, Nestoil Limited, in Lagos State, was sealed by police on Tuesday, following a Federal High Court order that placed the company under receivership over a colossal $1.01 billion and ₦430 billion debt dispute. The enforcement action, […]

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WTI edges lower to near $60.00 on OPEC+ output plans

Abiola Olawale — Wed, 29 Oct 2025 16:02:00 +0000

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.15 during the early Asian trading hours on Wednesday. The WTI declines amid a potential plan by the Petroleum Exporting Countries and its allies (OPEC+) to raise output. Traders await the Energy Information Administration (EIA) crude oil stocks change report later on Wednesday. […]

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Sylva’s Aide Breaks Silence on Military Raid on Residence, Reveals What Happened

Abiola Olawale — Wed, 29 Oct 2025 15:47:57 +0000

By Abiola Olawale Julius Bokoru, the Special Assistant on Media and Public Affairs to former Minister of State for Petroleum Resources, Chief Timipre Sylva, has confirmed that military operatives recently raided the residence of his principal. However, the aide dismissed swirling rumours linking his principal to a purported coup plot against the government of President […]

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Tinubu Updates Presidential Pardon List, Removes Drug Convicts, Others

Abiola Olawale — Wed, 29 Oct 2025 15:00:13 +0000

By Abiola Olawale Following intense public scrutiny and national debate, President Bola Ahmed Tinubu, has signed the instrument of clemency and pardon. However, Tinubu, in the new presidential pardon list removed the names of some individuals who were earlier convicted for various offences. This was contained in a statement by his Special Adviser on Information […]

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Senate Screens, Confirms Tinubu’s New Security Chiefs

Abiola Olawale — Wed, 29 Oct 2025 14:44:57 +0000

By Abiola Olawale The Nigerian Senate on Wednesday, October 29, 2025, confirmed the appointments of President Bola Ahmed Tinubu’s newly designated Service Chiefs. The confirmation follows a request by the President to expedite the legislative process, aiming to ensure a seamless transition and immediate operational stability in the country’s defense architecture. The new Service Chiefs, […]

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Details as Reps Greenlight Tinubu’s request to Borrow $2.35bn

Abiola Olawale — Wed, 29 Oct 2025 13:18:04 +0000

By Abiola Olawale The House of Representatives has approved President Bola Ahmed Tinubu’s request to borrow $2.347 billion from the international capital market. Similarly, the green chamber on Wednesday granted Tinubu’s request to issue a $500 million debut sovereign sukuk in the international capital market (ICM) to fund infrastructure projects and diversify Nigeria’s financing sources. […]

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CAF Confirms Fixtures as Nigeria Faces Gabon in High-Stakes 2026 Playoff

Abiola Olawale — Wed, 29 Oct 2025 12:18:28 +0000

By Abiola Olawale The Confederation of African Football (CAF) has officially announced the schedule, venues, and matchups for the 2026 FIFA World Cup African Playoff Tournament. This highly anticipated mini-tournament, set to take place in Morocco in November, will determine the continent’s final hopeful for the expanded global showpiece. The four nations who emerged as […]

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Ex-Gov Sylva’s Whereabouts Unknown as Military Raids His House over Alleged Link to Coup Plot

Abiola Olawale — Wed, 29 Oct 2025 08:28:36 +0000

By Abiola Olawale A former Bayelsa State Governor and immediate past Minister of State for Petroleum Resources, Timipre Sylva, is reportedly on the run following a dramatic military raid on his Abuja residence. According to media reports emerging on Wednesday, the operation, executed by a “special military team,” is allegedly linked to a major investigation […]

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Nigeria’s Revenue Threatened As Oil Dips On Russian Sanctions Worries, OPEC+ Output Hike

Abiola Olawale — Wed, 29 Oct 2025 07:49:07 +0000

Nigeria’s revenue and those of crude-dependent economies will experience a drop as oil prices slide again on Wednesday, the third day since the start of the week. Drop in prices rode on the back of doubts about the effectiveness of Russia sanctions and a potential OPEC+ output increase, putting pressure on the market. Brent crude […]

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Oil falls 2% as investors weigh Russia sanctions, OPEC+ output plans

Abiola Olawale — Tue, 28 Oct 2025 19:31:20 +0000

Oil prices slipped about 2% on Tuesday, marking a third straight day of declines as investors considered the impact of U.S. sanctions against Russia’s two biggest oil companies on global supply, along with a potential OPEC+ plan to raise output. Brent crude futures settled down $1.22, or 1.9%, to $64.40 a barrel. U.S. West Texas […]

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(PHOTOS) Reaction as Wike Attends 2025 Asia Pacific Cities Summit with His Sons

Abiola Olawale — Tue, 28 Oct 2025 19:18:03 +0000

By Abiola Olawale Nigerians have begun to react after pictures emerged on social media showing the Minister of the Federal Capital Territory (FCT), Nyesom Wike, attending the 2025 Asia Pacific Cities Summit and Mayors’ Forum (2025APCS), with his two sons. While Wike’s official attendance is said to be a key development for the FCT, the […]

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How Anambra, Lagos Kwara Topped BudgIT’s 2025 Fiscal Performance Ranking

Abiola Olawale — Tue, 28 Oct 2025 18:33:00 +0000

Anambra State has been crowned the best-performing state in Nigeria’s 2025 Fiscal Performance Ranking, according to the latest edition of the BudgIT ‘State of States’ Report. BudgIT revealed that Kwara state ascended from its previous second-place position. The New Diplomat reports that the annual BudgIT report assesses sub-national governments across key metrics like financial sustainability, […]

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Police Announce Deployment of 45,000 Officers to Anambra for Governorship Election

Abiola Olawale — Tue, 28 Oct 2025 18:26:46 +0000

By Abiola Olawale The Nigeria Police Force (NPF) has announced the deployment of 45,000 security personnel to Anambra State ahead of the November 8, 2025, Governorship election in the state. This security surge is said to be aimed at providing a shield around the electoral process, securing lives, materials, and ensuring a violence-free environment for […]

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Panic as Reps Panel Reveals Receiving Security Alert of Plan to Bomb National Assembly

Abiola Olawale — Tue, 28 Oct 2025 18:23:38 +0000

By Abiola Olawale A chilling security alert has sent shockwaves across Nigeria after a House of Representatives committee revealed it had received threats of a plan to bomb the National Assembly complex. Garba Muhammad, chairman of the committee on internal security of the national assembly, made this known during a public hearing on Tuesday. The […]

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How U.S Govt Revoked My Visa– Soyinka Reveals

Abiola Olawale — Tue, 28 Oct 2025 15:58:20 +0000

By Abiola Olawale Nobel Laureate and world-renowned writer, Professor Wole Soyinka, has revealed how the government of the United States recently revoked his visa. Soyinka, a 92-year-old literary icon, speaking during a media parley held at Freedom Park in Lagos on Tuesday, explained that his visa was revoked following his refusal to attend a reinterview […]

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Tinubu Vows Full Support as Dangote Refinery Targets World’s Largest Capacity at 1.4 MB/D

Abiola Olawale — Tue, 28 Oct 2025 13:22:51 +0000

By Abiola Olawale President Bola Tinubu has officially pledged his support for the Dangote Petroleum Refinery’s expansion plan, which aims to more than double its refining capacity from 650,000 barrels per day (bpd) to a staggering 1.4 million bpd. This move is set to make the facility the world’s largest single-train refinery, surpassing India’s Jamnagar […]

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Nigerian Resident Doctors Write Tinubu, Urge Intervention on Unmet Demands

Abiola Olawale — Tue, 28 Oct 2025 13:19:03 +0000

By Abiola Olawale The National Association of Resident Doctors (NARD) has intensified its appeal to President Bola Tinubu, urging his direct intervention to resolve its demands, including an estimated N38 billion in accumulated allowances owed to health workers. In a letter addressed to the President, the doctors described the worsening state of the health sector […]

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Anambra Guber Election: INEC Extends PVC Collection Deadline to November 2

Abiola Olawale — Tue, 28 Oct 2025 13:15:39 +0000

By Abiola Olawale The Independent National Electoral Commission (INEC) has announced an extension for the collection of Permanent Voter Cards (PVCs) ahead of the high-stakes Anambra State governorship election. Voters who have not yet picked up their cards now have until Saturday, November 2 to do so. This extension, INEC said is part of concerted […]

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Tragedy as Plane Carrying 12 Foreign Tourists Crashes in Kenya

Abiola Olawale — Tue, 28 Oct 2025 13:12:59 +0000

By Abiola Olawale An aircraft carrying foreign tourists has tragically crashed in Kenya’s coastal Kwale region, with all 12 people on board feared dead. The New Diplomat reports that the aviation disaster occurred early Tuesday morning. The ill-fated aircraft, a Cessna Caravan-type plane operated by Mombasa Air Safari with registration number 5Y-CCA, went down in […]

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Tinubu Seeks Senate Confirmation for New Service Chiefs After Security Overhaul

Abiola Olawale — Tue, 28 Oct 2025 13:09:21 +0000

By Abiola Olawale President Bola Ahmed Tinubu has formally sent a request to the Nigerian Senate, urging the confirmation of the newly appointed Service Chiefs. This move came after a sweeping military reshuffle said to be aimed at fortifying the nation’s security architecture. The request was contained in a letter addressed to the President of […]

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