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BREAKING: NNPC To Begin A Deeper Search For Oil And Gas In Benue

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Eniola Olayemi

 

President Buhari has announced in Benue State that the Nigerian National Petroleum Corporation(NNPC) will soon commence drilling for a deeper search for oil and gas in the Benue trough.

The presidency disclosed this on Wednesday via a tweet.

Presidency Nigeria

✔@NGRPresident

 

President @MBuhari today in Benue announced that @NNPCgroup will soon commence drilling for a deeper search for oil and gas in the Benue Trough.
This, he said, is the next step following the commencement of drilling in the Kolmani River area, located within Bauchi & Gombe States.

 

According to media aide, Garba Shehu, President Buhari, who made the announcement Wednesday while addressing traditional rulers at the Banquet Hall, Government House, Makurdi, Benue State, recalled that as Minister of Petroleum in the 70s, he had seen “very interesting seismic surveys that promised oil and gas from the Chad Basin through the Benue Trough down to the Delta region.

He said for mostly commercial reasons, investment was directed to the Niger Delta given the promise of quicker results.
He narrated past efforts by him as Military Head of State to diversify the country’s sources of oil to strengthen its unity, promising that his administration will intensify efforts in this direction.

Buhari welcomed the observation by the Tor Tiv, HRM, Prof. James Ayatse, that peace had been restored to Benue State following the spike, sometimes back in farmers and herders’ clashes as well as the fact the President had so far conducted a decent and a peaceful campaign.

He also promised to look at requests for more roads, bridges and tertiary institutions made by the royal father. Wednesday in preparation for the 2019 presidential election.

 

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Buy Africa, it’s not inferior”: Ogbonna, Mene, Zubairu Chart Path for Developing Continental Trade at Africa CEO Forum

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Buy Africa, it’s not inferior”: Ogbonna, Mene, Zubairu Chart Path for Developing Continental Trade at Africa CEO Forum

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

At the Africa CEO Forum, leaders from across the continent gathered to discuss the critical role of private sector-led growth in the development of African trade and market integration under the topic “Fast-tracking African Integration: The Private Sector Imperative”.

The session, which was one of the highlights of the 2-day event in Abidjan, saw Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank, join Wamkele Mene, Secretary General of the AfCFTA, and Samaila Zubairu, President & CEO of Africa Finance Corporation (AFC), in a powerful conversation focused on the opportunities and challenges for Africa in the face of shifting global trade dynamics.

The panellists were united in their belief that Africa’s transformation hinges on the development of regional value chains, the scaling of intra-African trade, and the need to build both financial and infrastructural capacities that will enable economic integration. In his remarks, Ogbonna underscored the potential for the continent to reframe its narrative and urged African nations to embrace their strengths.

He stated, “Years ago, if you told someone something was made in China or Taiwan, it was often seen as inferior. Fast forward 30, 40 years, and now ‘Made in China’ is a symbol of quality, and ‘Made in Taiwan’ commands respect globally. The difference? These countries built a strong domestic market that allowed them to scale, build proficiency, and innovate. Africa is no different. We have everything we need, from abundant raw materials and vast natural resources, to a youthful population and fertile land. There is no reason why Africa has not yet transformed itself into the powerhouse we know it can be. Africa has what it takes to win, and my charge remains the same as I gave during our inaugural Africa Trade Conference in South Africa: Buy Africa, it’s not inferior!”

Mene and Zubairu echoed Ogbonna’s sentiments, with Mene highlighting the tangible steps taken to drive integration, such as the introduction of the e-Tariff Book and the AfCFTA Adjustment Fund. Zubairu emphasized the critical need for synergy between public and private investment to address Africa’s infrastructure gaps and finance its development priorities.

The discussion also focused on the barriers preventing the scaling of intra-African trade, notably the lack of adequate logistics and transport infrastructure. The Pan-African Payments and Settlement System (PAPSS) was highlighted as a potential game-changer in unlocking new cross-border trade opportunities by facilitating smoother payments and transactions.

Ogbonna reinforced the importance of private sector involvement in regional trade, particularly for micro, small, and medium-sized enterprises (MSMEs). “Africa’s MSMEs are the backbone of its economy,” he said, “yet they face a trade finance gap of around $120 billion. Financial institutions must innovate to close this gap and provide the liquidity these businesses need to grow and scale.”

As Africa continues to explore new avenues for trade and investment, Ogbonna’s message resonated with the audience: the time is now for Africans to believe in Africa, invest in Africa, and transform the continent into the economic powerhouse it is destined to be.

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Jamara Home Celebrates Mothers with an Extensive Range of Exceptional Products this Mother’s Day

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Jamara Home Celebrates Mothers with an Extensive Range of Exceptional Products this Mother’s Day

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H


Jamara Home, one of Nigeria’s leading destinations for electronics and home appliances, celebrates this year’s Mother’s Day with heartfelt appreciation and a variety of items to help customers honor the incredible women in their lives.


From practical everyday solutions to thoughtful lifestyle upgrades, Jamara Home has in stock a wide selection of products to suit every type of mum because every mother deserves to be celebrated in a way that’s as special as she is.


Rabi Jammal, Managing Director of Jamara Home, says: “We see mothers as the unsung heroes of our everyday lives. This celebration gives us an opportunity to express our gratitude and to help our customers do the same through products that are thoughtful, meaningful, and heartfelt.”


Customers can shop a curated lineup of top-quality essentials and gifts, including:
Gas Cookers for dependable everyday cooking.


Refrigerators and Freezers to keep meals and moments fresh Smart TVs for entertainment that brings the family together Air Conditioners for cool, comfortable living Kitchen Tools & Appliances for enhancing convenience and creativity in the home With showrooms located in Lagos and Port Harcourt, Jamara Home has become a trusted household name known for quality products and customer-focused service.

The brand’s seamless omnichannel presence, combining user-friendly online shopping with physical retail experiences, ensures convenience and authenticity at every touchpoint.


To explore the full range of exceptional products by top brands from Jamara Home, visit the online store or locate the nearest Jamara Home showroom.

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Okobi, Esomeju, Otaigbe Join Global Leaders to Discuss Sustainable Finance, Economic Transition at UNEP FI’s Regional Roundtable

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

As part of its continued commitment to sustainability, Access Holdings PLC will be amongst the leading participants in the United Nations Environment Programme Finance Initiative (UNEP FI) Regional Roundtable on Sustainable Finance for Africa and Middle East.

taking place from May 6-7, 2025, in Marrakech, Morocco, the event will bring together regulators, policymakers, and key stakeholders from the financial sector to discuss and shape critical sustainability issues, including climate mitigation and adaptation, nature-positive finance, just transition and financial inclusion, carbon finance, among others.

Amaechi Okobi, Chief Brand and Communications Officer of Access Holdings; Edmund Otaigbe, Group Head of Credit Administration, Governance & Project Monitoring, and Njideka Esomeju, Group Head of Products and Segments, will be contributing insights from their extensive experience in driving sustainability within the financial sector.

Among the discussions will be sessions dedicated to accelerating the transition of real economy sectors towards sustainability, addressing climate risks, and ensuring financial inclusion. One of the focal points will be how financial institutions can support climate adaptation and resilience, particularly in vulnerable sectors across Africa and the Middle East. The event will further tackle the challenge of unlocking private finance for the Sustainable Development Goals (SDGs), exploring innovative ways to align capital flows with regional sustainability needs.

Other high-level dialogues will explore regional collaboration to support sustainability goals, advancing action on climate adaptation, and the regulatory developments promoting sustainable finance across the region. Panels will focus on topics such as financing and insuring MSMEs for climate resilience and fostering an inclusive transition by ensuring that vulnerable communities and underserved populations are not left behind in the push for green growth.

Prominent speakers at the event include Mahmoud Mohieldin, UN Special Envoy on Financing the 2030 Agenda; Louise Gardiner, Senior Operations Officer at the International Finance Corporation (IFC); Lily Burge, Policy Manager, Climate Bonds Initiative; Samuel Tiriongo, Director of Research and Policy, Kenya Bankers Association; Walid Ali, General Manager, Sustainability Department, Central Bank of Egypt; Yasser Mounsif, Director of Issuers, Moroccan Capital Market Authority, alongside other leaders in sustainable finance.

The UNEP FI Regional Roundtable promises to be a critical platform for deepening collaboration among stakeholders across Africa and the Middle East, with the shared goal of creating a resilient, sustainable future for the region.

#Access Holdings Plc
Access Holdings Plc is a leading multinational financial services group that offers banking, lending, payment, insurance, and pensions services. Headquartered in Lagos, Nigeria, Access Holdings operates through a network of more than 700 branches and service outlets, spanning three continents, 24 countries, and 60+ million customers.

Access transitioned into a holding company to drive rapid growth and become a full-scale ecosystem player offering interconnected services across customer needs. Established in 2022, Access Holdings Plc consists of the Access Bank Group; Access ARM Pensions; a Payment and Switching Services Company; a Digital Lending Company, and an Insurance Brokerage Company. The banking vertical serves its various markets through four business segments: Retail, Business, Commercial and Corporate, and has enjoyed what is it arguably Africa’s most successful banking growth trajectory in the last eighteen years, becoming one of Africa’s largest retail banks by customer base and Sub-Saharan Africa’s largest bank by total assets.

Access Holdings strives to deliver sustainable economic growth that is profitable, environmentally responsible, and socially relevant, helping customers to access more and achieve their dreams.

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