News
UK Court Rules against Nigeria in $5Bn Bonga Oil Spill Case

British Supreme Court has cleared Shell, petroleum giants, after a 12-year battle with the Nigerian govt over the Bonga field oil spill.

The judgment is a fallout of years of litigation between the oil giant, Shell Nigeria Exploration and Production Company (SNEPCo) and victims of the 2011 Bonga oil spill which affected about 350 communities across the Niger-delta region.
While transporting crude from the company’s Float Production Storage and Offloading (FPSO) vessel at the Bonga deep offshore on December 20, 2011, the export line ruptured and spewed about 40,000 barrels (6.4 million litres) of crude oil into the sea.
According to the National Oil Spill Detection and Response Agency (NOSDRA), SNEPCo incurred a penalty of $5 billion as compensation for the damages done to natural resources and consequential loss of income by the affected shoreline communities.
NOSDRA further confirmed that during the course of the investigation, it was revealed that the oil spill had affected 285,000 persons from 350 communities and satellite villages within the contact area of the spill.
After failing to get SNEPCo to abide by the judgement of the high court in Nigeria, a group of Nigerians who were affected by the spill under the aegis of Oil Spills Victims Vanguard, OSVV, made up of about 27,800 individuals across the affected communities filed a case at the TTC High Court of Justice in London in 2017 on behalf of all the victims of Bonga oil spill.
The group in their prayers, asked the UK court to compel SNEPCo to pay the $5 billion fine imposed on it by the Nigerian government.
However, while delivering the judgement, the panel of five Supreme Court justices unanimously upheld the ruling of the two lower courts which held that the six-year time frame allowed for taking action on such cases had elapsed before the group presented the case for hearing.
Shell noted that the judgment of the British Supreme Court had ended all litigation in English courts related to the spill.
Therefore we have confidence that we can do business together. To us at NAPET, this partnership is strategic and a welcome development,” he added.
News
Atte, Nigerian Develops AI Algorithm for Hair Transplants

Atte Ayodeji, a Nigerian computer scientist,has developed an artificial intelligence algorithm capable of detecting, counting, grouping and generating healthy hair follicles during hair transplant procedures, an innovation that earned him the Best Innovative Technology award.

Atte Ayodeji
Ayodeji also graduated with a Distinction in his Master of Science (MSc) in Computer Science from Birmingham City University on Friday, adding another milestone to an impressive academic year.
Beyond his award-winning hair transplant innovation, the Nigerian researcher developed a system and framework on Explainable Artificial Intelligence (XAI) as a professional responsibility in the diagnosis of lung cancer.
His dissertation received a silver award at the PGXPO2026 Winter, further highlighting the impact of his research in applying artificial intelligence to healthcare.
Sunday Dare, special adviser on Media and Public Communication to President Tinubu, celebrated Ayodeji’s achievements in a post on X, recalling how he first met him in 2019 during his National Youth Service.
“In 2019 when I became a Minister of the Republic, I met a young man of medium height, genteel with penetrating eyes: Atte Ayodeji. His words rarely come out and he could easily be passed by unnoticed. But I noticed him especially when my SA Kemi Areola brought him to me asking my approval for him to do his Youth Service in my office. I approved. From then on he was unstoppable. His brilliance shown and he developed skills beyond his frame.”
Highlighting Ayodeji’s recent accomplishments, Dare congratulated him saying, “Congratulations Atte. I am proud of you!”
News
FG to Abolish Subsidies in Power Sector in 2027 – Minister

Mr. Joseph Tegbe, minister of Power, has said that the federal government plans to end power sector subsidies from 2027 and that there are no immediate plans for tariff increases.

Mr. Joseph Tegbe, minister of Power
The minister told journalists during the media interactive session at the weekend that the government has announced plans to phase out electricity subsidy payments from 2027 as part of efforts to address mounting liabilities in the power sector.
He explained that the planned removal forms part of the broader reforms aimed at ensuring the long-term sustainability of the electricity sector, while tackling the financial challenges confronting the industry.
According to the minister, despite the planned subsidy withdrawal, there are no immediate plans to increase electricity tariffs, reassuring consumers that the government is not considering a tariff hike in the short term.
News
AfCFTA Urges Africa to Stop Exporting Raw Materials

Patience Okala, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office has urged African countries to stop exporting raw materials and instead focus on adding value to its natural resources if it is to fully harness the opportunities offered by the African Continental Free Trade Area.

She stated this on Thursday at the Streamsowers & Köhn 20th Anniversary Business Forum, where she stressed that value addition and beneficiation are essential to Africa’s industrialisation and long-term economic growth.
According to a statement issued on Friday by the Nigeria AfCFTA Coordination Office, she said the AfCFTA goes beyond the elimination of tariffs, serving as a framework for industrialisation, value addition, and job creation across the continent.
“AfCFTA is not only about tariffs; it is also about value addition. Africa has to stop exporting raw materials. We need to add value and ensure that beneficiation is done on the continent,” she said.
Okala also said Africa’s economic transformation would depend on the effective implementation of the AfCFTA rather than on the signing of trade agreements alone.
“We have moved beyond negotiations. The success of AfCFTA will be measured by the extent to which businesses can access new markets, trade seamlessly across borders, and benefit from the opportunities created by the agreement,” she said.
She noted that Nigeria had intensified efforts to implement the agreement under the leadership of the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, including the development of simplified AfCFTA guides in six languages to help businesses understand and take advantage of opportunities under the trade pact.
Okala called for stronger collaboration among governments, regulators, and the private sector to eliminate barriers to trade and investment and build a truly integrated African market.
“As we move from policy to implementation, our collective responsibility is to ensure that the opportunities created by AfCFTA become practical realities for businesses, particularly MSMEs, women-owned enterprises, and young entrepreneurs across the continent,” she said.
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