Economy
NNPC Has Completed Main Line Of AKK Gas Pipeline: Ojulari
NNPC Has Completed Main Line Of AKK Gas Pipeline: Ojulari
NNPC has completed main line of AKK gas pipeline: Ojulari. Bayo Ojulari, chief executive officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, says the company has completed the main line to the Ajaokuta-Kano-Kaduna (AKK) gas pipeline.
Ojulari spoke on Sunday after meeting with President Bola Tinubu in Lagos. He said the company has been able to successfully complete the “welding of the main line of the AKK gas pipeline”. “You remember sometime in summer, we were able to cross the River Niger which has been a struggle for many years,” Ojulari said.
“By completing this main line, what that means is that we can begin to make all the connections to the main line, which we will do in the earlier parts of next year.
“And why that is very important is that that brings gas in its full form into the northern part of Nigeria. We’re looking at Kaduna, Kano, and also of course, Ajaokuta, and Abuja where we begin to see industrialisation, industrial parks taking gas for gas-based industry, fertilizer plants, as well as generating power.”
Furthermore, the GCEO said the purpose of his visit to the president was to “update him about the end of 2025 performance of NNPC” as well as discuss the “strategic priorities for 2026”.
With Tinubu’s support, Ojulari said the NNPC has been able to make significant improvements to its structure.
“You’ve seen our production this year. Last year we were about 1.5 million barrels per day (bpd). This year we’re getting to about over 1.7 million bpd in terms of oil production,” he said.
‘The same thing, our gas production has also increased from about 6.5 million standard cubic feet to about over 7 billion standard cubic feet per day. So I think some of those are underpinned by very structural changes within the organisation.”
OJULARI: NNPC TO INCREASE OIL, GAS PRODUCTION IN 2026
The GCEO said in 2026, the company’s most important priority was focusing on increasing production.
“When we say increasing production, it sounds simple but there’s a lot that goes into it,” he said.

NNPC Has Completed Main Line Of AKK Gas Pipeline
“It means attracting the right investment to increase production, whether it’s oil or gas. And next year, we’re hoping to achieve at least 1.8 million barrels per day again, stepping up from where we are this year in terms of oil production as well as further increase in terms of gas production.”
Ojulari said the company also expects additional and significant investment in 2026.
“We’re expecting more investment decisions to come through next year. Next year also, we’re looking at our portfolio as well, to rationalise our portfolio,” he said.
“This is to ensure that we can do that in a way that we attract more investment for incremental production as well as more investment to develop all the fields that have been fallow for a very very long time.”
Ojulari added that the president charged NNPC to achieve set goals of additional N30 billion investment by 2030 and increase oil production to two million bpd by 2027.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.
The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.
Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.
He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.
“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly
“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”
Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.
Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.
He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.
Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.
Crime
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.
Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.
Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.
Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.
She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

Access Bank Gets New Board Chair Ifeyinwa Osime
Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.
“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”
Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.
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