News
Governors of Oil-Producing States Demand Review of 13% Derivation Formula
Leaders from Rivers, Bayelsa, Delta and Akwa Ibom say the decades-old revenue-sharing arrangement no longer reflects the true cost of oil production on their communities.
Ebiere Amachree · 24 Aug 2026Joint Task Force Repels Pirate Attack on Cargo Vessel Near Bonny Channel
Naval and JTF units intercepted the attackers before they could board the vessel, in what officials describe as a rare swift response in the busy shipping corridor.
Preye Douglas · 23 Aug 2026Bayelsa State House of Assembly Passes Local Content Amendment Bill
The amendment expands the mandatory minimum percentage of contracts that oil companies operating in the state must award to indigenous firms.
Ebiere Amachree · 20 Aug 2026Former Militant Leaders Warn of Fresh Unrest Over Stalled Amnesty Payments
Ex-agitators say months of delayed stipends under the Presidential Amnesty Programme risk pushing idle youths back toward the creeks.
Preye Douglas · 12 Aug 2026