DSS arrests armed dealer, intercepts sophisticated weapons in Delta

The Department of State Services, DSS, in Delta State has intercepted a cache of sophisticated weapons in Asaba, the state capital. The operation, which took place on October 12, 2025, within the Asaba metropolis, led to the arrest of a notorious arms dealer, identified as Stephen Sabo Atoshi, and his accomplice, a 40-year-old secondary school teacher from Taraba State.

The Deputy Director of Operations of the Delta State Command of the DSS, Mr Anthony Ifemeje, while briefing Governor Sheriff Oborevwori on Monday in Asaba, revealed that the suspects were part of a network trafficking small arms and light weapons from Sebha in southern Libya through Chad into Nigeria via an illegal border in Geidam, Yobe State.

Ifemeje disclosed that “during interrogation, the prime suspect confessed to garnering eight years in the illegal trade and to having supplied over 55 weapons, including general purpose machine guns and AK-47 rifles, across the country.”

He assured the government of the command’s continued vigilance and determination to cut off arms supply routes and dismantle criminal networks operating in Delta.

Items recovered included seven general purpose machine guns, several AK-47 rifles, five hand grenades, and other military-grade weapons, some concealed in bags of beans transported from the North to the Oko Food Market along the Asaba-Onitsha Expressway. The DSS also uncovered 497 cartons of fake drugs intended for distribution within the state.

In his reaction, Governor Oborevwori ordered a comprehensive crackdown on criminal networks following the interception. The governor, who gave the directive, commended the agency for what he described as a major breakthrough in the state’s sustained fight against insecurity.

He praised the DSS and other security agencies for their “strategic intelligence, coordination, and determination,” which led to the recovery of the arms, adding that the success reflected Delta State’s strong commitment to peace and public safety.

The governor warned that his administration would not tolerate any form of insecurity or lawlessness, particularly in Warri and its environs.

“Bringing in heavy arms and ammunition of this nature is unacceptable and a direct threat to our collective peace. We will not allow it under any circumstance,” he stressed, urging residents to cooperate with security agencies to keep the state safe.

“I am very delighted to be here today. I had to leave another important engagement to be here because the breakthrough recorded by our security agencies is highly commendable and significant to the peace and safety of our state,” Oborevwori said.

“Those who are planning to cause crises should have a rethink: we want peace, not trouble. We are working tirelessly to open up Warri for investors and economic growth, but where there is violence, investors will stay away,” he cautioned.

Oborevwori also warned that anyone involved in killings, violence, or arms smuggling would be tracked down and prosecuted. He stressed that Delta State remained a peaceful and investor-friendly state and vowed to resist any attempt to destabilise it.

He reaffirmed his administration’s commitment to sustaining peace and ensuring that no individual or group “takes law into their own hands”, emphasising Delta’s focus on unity, development, and security.

‘Enough is enough’ – NCAA warns airlines delaying refunds

The Nigerian Civil Aviation Authority, NCAA, has warned domestic airlines against arbitrarily extending the refund period for cancelled or unused tickets to four weeks.

This was contained in a statement by the spokesperson of the NCAA, Michael Achimugu, posted via his official X handle on Monday.

Achimugu, who said this is in direct contravention of existing regulations, stressed that rules on ticket refunds are unambiguous.

He stated that in Part 19 of the NCAA Regulations 2023, passengers are entitled to receive their refunds within 14 days of making a formal request and not four weeks, as some airlines have allegedly claimed.

“Domestic airlines NEED to stop telling passengers that their refund process takes four weeks. There can’t be two captains-in-command on an aircraft.

“The NCAA regulations are clear about the timeframe for ticket refunds, and it is 14 days. Part 19 of the NCAA Regulations 2023 remains in force. Operators cannot create a different rule in this regard,” he stated.

The NCAA spokesperson frowned on the growing trend of non-compliance, describing the same as a duplication of the aviation rules and undermining the NCAA’s mandate, adding that such acts of some airlines were not only unprofessional but also unfair to passengers.

He urged affected passengers to report any such violations to enforce compliance.

He said, “To all passengers: if you apply for a refund and an airline tells you that it would take 4 weeks, kindly forward that communication to michael.achimugu@ncaa.gov.ng, ifueko.abdulmalik@ncaa.gov.ng, and cpd@ncaa.gov.ng immediately.

“Enough of this. We cannot all claim to be working for the improvement of the industry and be duplicating rules in a manner that undermines the Authority and is unfair to passengers,” he added.

Kwara South G7 leaders move to tackle insecurity

Map of Kwara StateIn a renewed effort to address rising insecurity and political disunity in Kwara South, key political figures, traditional leaders, and youth representatives under the aegis of Kwara South G7 converged on Omu-Aran, Irepodun Local Government Area, on Sunday for a Political Hangout aimed at fostering unity and good governance across the district.

The G7, which comprises the seven local government areas of Ekiti, Oke-Ero, Offa, Ifelodun, Irepodun, Oyun, and Isin, in Kwara South said the event was conceived to provide a platform for honest dialogue and collective action toward restoring peace and political stability in the region.

Speaking at the event, the chief host and coordinator of the group, Prince Shuaib Olanrewaju, said the initiative was driven by concern over the district’s declining security and weakening political cohesion.

“Our people are living in fear. Communities have suffered repeated attacks, and our farms and roads are no longer safe.

“We can only make progress if we rise above party differences and work together to protect our region and build its future,” he said.

Olanrewaju commended the Kwara State Governor AbdulRahman AbdulRazaq for his administration’s efforts in combating insecurity, as well as the Deputy Senate Leader and Senator representing Kwara South  Oyelola Ashiru, for drawing national attention to the region’s plight.

“The governor has shown commitment, and Senator Ashiru’s voice at the National Assembly has further put our security challenges on the map,” Olanrewaju added.

The group coordinator, who reaffirmed the group’s loyalty to the All Progressives Congress, described the party as the “natural political DNA of the Yoruba people of Kwara South,” urging members to rally behind President Bola Tinubu’s Renewed Hope Agenda.

“We must support leaders with integrity and proven performance. Kwara South will never again be treated as an option in political calculations,” he declared.

Delivering a lecture at the event, Barrister Femi Falade emphasised that insecurity in Kwara South was not merely a policing issue but a political one.

“We must get it right politically because leadership emerges through political means,” Falade said.

“Money politics, godfatherism, and the neglect of youths have eroded trust. Until we empower our young people and revive our communities, insecurity will persist.”

He further urged the governments at all levels to take concrete actions in rebuilding rural economies, saying that developing forest belts and rural infrastructure would help drive away criminal elements and attract legitimate economic activity.

Senator Oyelola Ashiru, in an interview with Arewa PUNCH, stressed that local government structures must be strengthened if insecurity in Kwara South is to be effectively contained.

“Security is everyone’s business,” Ashiru said. “The state must empower local councils and vigilante groups to enhance grassroots intelligence and protection.

“Banditry will reduce when local people are active participants in their own security.”

Also present at the event, Professor Wale Sulaiman, a neurosurgeon and development advocate, called for unity of purpose and a return to the communal values that once defined the region.

“Unity is the foundation for development,” he said. “We must revive our tradition of self-help, rebuild our infrastructure, and create opportunities for our youths. That is the only way to secure our future.”

Other speakers, including youth leaders and traditional representatives, echoed the need for inclusiveness and moral renewal, urging citizens to prioritise the collective interest of Kwara South above personal or partisan ambitions.

In his closing remarks, Prince Olanrewaju paid tribute to political icons from the region, such as Chief J.S. Olawoyin, Senator Cornelius Adebayo, and Chief J.T. Obaoye describing them as “true patriots whose vision and courage shaped Kwara South’s political identity.

“If we think Kwara South first in all we do, we will achieve greatness together,” he echoed, aloud amid applause from attendees.

ASUU strike grounds varsities, FG clamps down

ASUUAcademic activities were grounded across various public universities nationwide on Monday as the Academic Staff Union of Universities began its two-week warning strike to press home its demands.

The renewed standoff between ASUU and the Federal Government was sequel to the breakdown of talks between both parties.

The strike was declared by the National President of ASUU, Prof. Chris Piwuna, in Abuja on Sunday.

This is even as the Federal Government mandated the National Universities Commission to submit the attendance list of all lecturers across public universities in seven days’ time.

But the Nigeria Labour Congress expressed solidarity for the union while berating the Minister of Education, Tunji Alausa, over the move to implement the no-work-no-pay policy.

The NLC president, Joe Ajaero, described the policy as an act of intimidation which he said would not resolve the crisis in the nation’s public tertiary institutions.

Alausa had claimed that the government had entered the final phase of talks with ASUU and other unions to resolve the lingering disputes over welfare, funding, and the implementation of the 2009 ASUU-FGN Agreement.

He said the Tinubu administration had already made significant progress with the release of N50bn for the payment of Earned Academic Allowances, while another N150bn had been captured in the 2025 budget for needs assessment, to be disbursed in three tranches.

Following the strike action by ASUU, Alausa in a circular on Monday directed the National Universities Commission and vice chancellors to enforce the ‘no work, no pay’ policy.

In line with the provisions of the labour laws of the federation, the Federal Government reiterated its position on the enforcement of the ‘No work, no pay’ policy in respect of any employee who fails to discharge his or her official duties during the period of strike action,” the circular reads.

The minister directed all vice-chancellors of federal universities to immediately conduct a roll call and physical headcount of all academic staff in their institutions.

He also instructed them to submit a comprehensive report indicating staff members who are present and performing their official duties, and those absent or participating in the strike.

Alausa further directed that salary payment for the period of work stoppage be withheld from those who fail to perform their duties.

He clarified that members of the Congress of University Academics and the National Association of Medical and Dental Academics, who are not part of the strike, are exempted from the directive and will not face any salary deductions.

The minister also tasked the NUC to monitor compliance with the directive and submit a consolidated report to the ministry within seven days of receiving the circular.

“The National Universities Commission will monitor compliance with this directive and submit a consolidated report to the Ministry within seven days of receipt of this circular.

“Please, treat this matter with utmost urgency and a deep sense of responsibility in national interest,” Alausa urged the university heads.

Reacting to the development, ASUU president, Piwuna, a consultant psychiatrist, noted that the union does not respond to threats.

A visibly angry Piwuna, who appeared on Channels Television ‘Politics Today’ on Monday, also cautioned the minister against “divide and rule” tactics

“We do not respond to threats. Nobody can threaten us. We see ourselves as victims of this government the way students see themselves as victims of what is going on. ASUU is willing, we are ready, we are available to discuss this matter once and for all.”

Meanwhile, the NLC president warned Alausa against the implementation of the ‘no work, no pay policy.’

Ajaero also noted that the NLC would be forced to take action should the minister fail to meet the demands of ASUU by the end of the two-week warning strike.

“If, after the two-week warning strike, the government remains unresponsive, the NLC will not stand idly by. The NLC will convene an emergency meeting with its affiliates in the tertiary education sector to develop a comprehensive strategy for further engagement with the government.

“The struggle of ASUU is the struggle of the Nigerian working class. The fight for public education is a fight for Nigeria’s future. The NLC will no longer allow these unions to stand alone.

“We demand that the Federal Government use this two-week window to present a concrete plan for the full implementation of all agreements.

“The choice is clear: honour the agreements and salvage public education, or face the resolute and unified force of the entire Nigerian workforce.”

In the aftermath of the strike, academic activities were grounded across various public universities nationwide.

The ASUU-Ahmadu Bello University branch chairman, Haruna Jibril, confirmed the compliance shortly after a congress held at the university’s main campus in Samaru, Zaria, saying the decision reflected the collective resolve of the academic staff to press home their long-standing demands.

“We have complied 100 per cent with the directive from our national body. Although this is the first day of the strike, we are optimistic that the level of compliance will remain total throughout the two-week period,” Jibril told journalists after the congress.

He said the union had no option but to join the nationwide warning strike in solidarity with the national body, noting that the government’s failure to meet the union’s demands had made continued patience untenable.

“Our members have remained steadfast and resilient despite years of neglect by successive governments. This strike is not for personal gain; it is about the future of our universities and the welfare of both staff and students,” Jibril said

At both the Samaru and Kongo campuses of the institution, the usual buzz of academic life was replaced by clusters of students discussing the development.

At the Faculty of Education, lecture rooms were deserted, and students sat idly in groups. A few lecturers were spotted around the faculty premises, but none entered classrooms to teach.

“This is unlike a normal Monday,” a final-year student, Shafiqah Abdullahi, told The PUNCH.

“We have not had any lectures today. The lecturers were all around, but none of them entered the class for lectures. This development will not augur well for us, especially those of us in our final year. I believe we are the ones who will suffer more if the strike continues.”

At the Faculty of Social Sciences, The PUNCH observed some students who had just written a test, while others expressed uncertainty about upcoming academic activities.

Hassan Kugu, a student of Library and Information Studies, said his department managed to hold a test in the morning before the strike fully took effect.

“Maybe it’s because it was still the first day. We were able to write a test this morning, and we were expecting to write another tomorrow. But I think we were allowed because most of the ASUU members were still holding their meeting when we wrote. Tomorrow’s test may not hold since the congress has declared total compliance,” he explained.

Reacting to the Federal Government’s “No work, no pay” policy, Jibril said members of the union were not intimidated by such pronouncements, describing them as familiar tactics that would not derail their struggle.

“We take the government’s threat seriously, but we are not rattled by it,” he said. We’ve been through this before. During the last major strike, we went for eight months without salaries, yet our members stood their ground. Some of our colleagues have been without pay for over 30 months because of issues related to the Integrated Payroll and Personnel Information System. Even the existing salaries are often insufficient to meet basic needs.”

Similarly, academic activities were halted at the Usmanu Danfodiyo University, Sokoto , as the institution’s chapter of ASUU joined the industrial action.

The UDUS ASUU Chairman, Professor Nurudeen Muhammad, confirmed the development in an interview, saying members commenced the strike action at midnight in line with the directive from the union’s national headquarters.

“We have joined the strike since midnight today, according to the national directive,” Muhammad stated.

“Until we receive instructions to the contrary, our members will continue to fully observe the two-week warning strike,” he added.

Also, the universities in Ondo State on Monday joined the nationwide strike. At the Adekunle Ajasin University Akungba Akoko, it was gathered that there were no academic activities. Students were seen roaming about the campus while their lecture rooms were open but no lectures took place.

Before the national strike, the AAUA lecturers were already on an indefinite strike following a face-off with the state government over the issues of salaries and allowances.

Commenting on the development, the Chairman of ASUU in the institution, Prof. Bolu Oshodi,  said his members complied with the directives from the national leadership of the union.

“You know before now, we have been on the local strike, so it’s a case of double strike for us now and I want to emphatically state this, that even, if the national issue is eventually resolved, if our own local issues are not resolved, we shall not resume,” he vowed.

The immediate past Chairman of ASUU at the Olusegun Agagu University of Science and Technology, Okitipupa, Prof Olorunsola Rotimi, said, “So, every one of us has joined the strike throughout the federation. There was a resolution by NEC of ASUU. So, we have given the government a 14 -day notice, which is required by the labour law.”

Lecturers at the  Joseph Sarwuan Tarka University Makurdi, formerly known as Federal University of Agriculture also withdrew their services.

The ASUU Chairman at the university, Dr Terseer Abari, told journalists that the chapter had complied with the directive. Abari said, “We have complied with the national directive. So, we are on strike as we speak.”

The warning strike disrupted the examination in the institution. Abari, however, said that the majority of the students had concluded their exams but added that those still writing exams would have to take their papers after the strike.

He said, “A good number of our students are done with their exams except those in the Veterinary College who are left with one or two papers. But as we proceed on the strike, every other thing will seize. When we come back, they will round it off; 95 percent of our students are done with their exams. If you go to our campus, you will not see anybody except those doing their projects. So, these ones will go home and come back after the strike.’’

Students were seen at  the Fr. Moses Adasu University, Makurdi, formerly Benue State University, but no lecture was going on.

Academic and social activities were equally paralysed at the University of Uyo. Our correspondent, who visited the two campuses of the University of Uyo, reports that no lectures were held on Monday as the classrooms were empty. Lecturers and students were seen standing in clusters discussing the strike.

The Branch Chairman of ASUU, Prof Olajide Opeyemi, confirmed the labour action, saying, ‘’The strike has officially kicked off through our procedures and Congress resolutions. It was a directive from the national body of our union.’’

A similar situation was observed at the University of Ibadan where the lecturers complied with the ASUU directive. The Branch Chairman, Adefemi Afolabi, said academic activity at the university is on hold for now.

“There is compliance with the directives of the national secretariat of the union. The warning strike commenced Sunday midnight and it will be on until there is a counter-directive from the union. We are moving round the faculties and department ensuring total compliance with the directives. There are no academic and other related activities on the campus,” he stated.

Lecturers at the Nnamdi Azikiwe University, Awka, were not available when our correspondent visited the campus on Monday. The Chairman, ASUU Owerri Zone, Prof Dennis Aribodor, urged the Federal Government to do the right thing.

‘’The Federal Government must demonstrate its fatherly role by fulfilling its promises instead of threatening actions. We’re ready to spend 10 years until the government does the needful,” he said.

There was full compliance with the strike directive by the University of Jos lecturers. Our correspondent, who visited the Bauchi Road campus on Monday afternoon,  observed that most of the lecturers stayed away from campus  leaving students who came for lectures stranded.

In an interview with The PUNCH in Jos, the Chairman of the ASUU branch at UNIJOS, Prof. Jurbe Molwus, confirmed that the lecturers were complying one hundred percent with the warning strike.

“We are complying one hundred percent with the warning strike at UNIJOS,” Molwus said.

“The Federal Government has been threatening us with ‘no work no pay,’ but we are not going to back down; we are not afraid. We will continue to comply until our demands are met by the government.”

The situation was the same at the Plateau State University in Bokkos as confirmed by the ASUU Branch Chairman, Dr Monday Hassan.

The Branch Chairman, ASUU, Tai Solarin Federal University of Education, Ijagun, Dr Adewale Ositoye  and his  counterpart at the Federal University of Agriculture, Abeokuta, Dr Ola Oyedele and an official of Olabisi Onabanjo University, Ago Iwoye, confirmed that the three universities joined the national strike.

Ositoye said that his colleagues at TASUED have stayed away from the lecture rooms pending the expiration of the 14-day warning strike.

Bauchi NSCDC arrests telecoms cable thieves, others

Oloyede Nelson OyerindeThe Bauchi State Command of the Nigeria Security and Civil Defence Corps has arrested two suspects for their alleged involvement in cable vandalism and theft within the state.

According to a statement issued on Friday by the Command’s spokesperson, Saminu Yusuf, two of the suspects were apprehended on September 29, 2025, following credible intelligence received from residents along the Fonde-Haire community axis of Toro Local Government Area.

Yusuf identified the suspects as Muhammadu Sani (38) and Muhammed Auwal (34), both residents of the area.

He explained that the duo were caught in the act of vandalising communication cables, with tools such as a digger, shovel, and saw machine, all of which were recovered from the scene.

In another development, Yusuf stated, “one Musa Ibrahim (22) was arrested on September 27, 2025, at Muda Lawan Market in Bauchi for theft, shop burglary, and vandalising air conditioners, from which he carted away valuable items.”

He added that all the suspects had confessed to the crimes and had been charged to court for prosecution.

According to the statement that further commented on the arrests, the State Commandant, Oloyede Nelson, condemned the rising cases of vandalism, describing it as a major threat to public infrastructure and economic stability.

Nelson noted that damages to communication and power facilities caused by vandals could disrupt essential services and hinder socio-economic development.

He reaffirmed the Corps’ commitment to intensifying efforts to curb the menace, warning that perpetrators would face the full wrath of the law.

“The Corps remains resolute in ensuring that acts of vandalism are eliminated. Anyone caught sabotaging public property will be prosecuted accordingly,” Nelson warned.

Pix: Some of the recovered weapons as published by NSCDC Bauchi Command.

NGX opens week with N465bn gain on insurance, industrial rally

Nigerian Exchange LimitedThe Nigerian Exchange Limited opened the week on a positive note, gaining N465bn in market capitalisation on Monday as investors increased their interest in insurance and industrial stocks.

At the close of trading, the market capitalisation rose to N93.8tn from N93.35tn recorded on Friday, while the All-Share Index advanced by 729.17 points, or 0.5 per cent, to settle at 147,717.21 points.

The day’s performance was driven by price appreciation in stocks such as Sovereign Trust Insurance, Transcorp Power, Consolidated Hallmark Holdings, Haldane McCall, Custodian Investment, and Stanbic IBTC Holdings.

Sovereign Trust Insurance led the gainers’ chart with a 9.97 per cent increase to close at N3.53 per share, followed by Transcorp Power, which gained 8.92 per cent to close at N342 per share. Consolidated Hallmark Holdings appreciated 7.14 per cent to end at N4.50 per share, while Haldane McCall rose 6.8 per cent to N4.40 per share.

On the losers’ chart, Regency Alliance Insurance recorded the highest decline of 17.58 per cent to close at N1.36 per share. Triple Gee & Co. followed with a 9.92 per cent loss to close at N5.45, while Wema Bank and LivingTrust Mortgage Bank shed 4.51 per cent and 3.85 per cent to close at N19.05 and N5.00 per share, respectively.

Trading data showed a total of 624.58 million shares valued at N13.47bn exchanged in 31,531 deals, representing a 62 per cent improvement in volume, a 29 per cent rise in turnover, and a 45 per cent increase in the number of deals compared with the previous session.

Consolidated Hallmark Holdings recorded the highest volume of trade with 210.46 million shares valued at N909.65m. Fidelity Bank followed with 47.47 million shares worth N951.82m, while Chams traded 43.96 million shares valued at N191.63m.

In terms of value, MTN Nigeria led with trades worth N2.62bn, followed by Zenith Bank with N1.44bn, GTCO with N1.04bn, Fidelity Bank with N951.82m, and Consolidated Hallmark Holdings with N909.65m.

Performance across key indices showed that the Insurance Index advanced by 2.11 per cent, the Industrial Index gained 0.66 per cent, the Premium Index improved 0.5 per cent, and the Consumer Goods Index rose  0.23 per cent.

Overall, the market maintained a bullish momentum, recording a one-week gain of two per cent, a four-week gain of 5.1 per cent, and a year-to-date return of 43.52 per cent.

Analysts attributed the positive sentiment to renewed investor confidence in the market amid strong third-quarter earnings expectations and increased interest in defensive stocks within the insurance and industrial sectors.

Nigeria’s crude output drops to 1.39 mbpd in September – Report

Crude oilNigeria’s crude oil production shrank to 1.39 million barrels per day in September 2025, marking the second consecutive month of reduced output.

However, the Nigerian Upstream Petroleum Regulatory Commission had earlier said this was caused by the disruptions caused by the labour strike during the rift between the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Dangote refinery.

According to the latest Monthly Oil Market Report released on Monday by the Organisation of the Petroleum Exporting Countries, the figure represents a decline from 1.434 mbpd recorded in August and is the lowest in seven months, falling below Nigeria’s OPEC allocation of 1.5 mbpd.

OPEC stated that the production figures were “obtained through direct communication with Nigerian authorities.

The NUPRC had reported that Nigeria’s crude oil and condensate production dropped to an average of 1.581 mbpd in September 2025.

According to the commission, the total consisted of 1.39 mbpd of crude oil and 191,373 bpd of condensates.

The NUPRC attributed the decline primarily to the three-day industrial action embarked upon by PENGASSAN during the month.

The strike action led to the shutdown of several production and export facilities, disrupting output and export schedules.

Host community fund hits N373bn, 536 projects ongoing — NUPRC

NUPRCThe Nigerian Upstream Petroleum Regulatory Commission has disclosed that the Host Community Development Trust fund has risen to N373bn as of October 13, 2025, with 536 community development projects currently ongoing across oil-producing areas in the country.

A statement signed by the Commission’s Head of Media and Strategic Communications, Eniola Akinkuotu, on Monday, said the fund comprises N125bn and $168.9m, contributed by oil companies operating under the Petroleum Industry Act, 2021.

The HCDT, established under Section 235 of the Petroleum Industry Act, mandates oil companies, known as “settlors”, to allocate 3 per cent of their annual operating expenditure from the preceding financial year into a trust fund dedicated to the development of their host communities.

The statement read, “The Host Community Development Trust has risen to N373bn as of October 13, 2025,” the Nigerian Upstream Petroleum Regulatory Commission has said, adding that at least 536 community projects are ongoing simultaneously.

According to the PIA, each settlor must, in consultation with host communities, appoint a Board of Trustees to oversee the management of the trust, which must be registered with the Corporate Affairs Commission.

The funds, which are lodged in banks with at least a BBB credit rating, are used to finance projects in infrastructure, education, healthcare, and environmental protection, among others.

The Commission explained that while it does not have direct access to the funds, it ensures transparency and compliance through a digital monitoring system known as HostComply, which tracks project execution and disbursement in real time.

Demonstrating the practical impact of the initiative, the NUPRC last month facilitated the commissioning of over 10 completed projects and the flag-off of more than 10 new ones under the Obagi Host Community Development Trust in Rivers State, operated by TotalEnergies.

The projects were inaugurated between September 24 and 25, 2025, at Ogbogu community in Ogba/Egbema/Ndoni Local Government Area, marking what the Commission described as a defining milestone in the implementation of the PIA’s host community provisions.

Delivered projects include a two-storey classroom block comprising 18 fully furnished classrooms, the remodelling of Ogbogu Cottage Hospital with a 20-bed capacity and new diagnostic centre, and the upgrade of the Ogbogu Ultra-Modern Civic Centre.

Others include road pavements at Oboburu community, a bottled and sachet water factory in Amah community, and the installation of gas skid plants and school renovations in Erema and Akabuka communities.

According to the Commission Chief Executive, Gbenga Komolafe, represented by the Executive Commissioner, Health, Safety, Environment and Community, John Tonglagha, the projects would address basic education, healthcare, and employment challenges in the host communities.

Speaking at the ceremony, Rivers State Deputy Governor, Prof. Ngozi Odu, who represented Governor Siminalayi Fubara, praised the transparent management of HCDT funds, noting that community projects now deliver measurable results compared to past regimes.

“In previous years, funds sent to communities were not fully utilised. What we are witnessing now is accountability and impact,” she said.

Also speaking, the Chairman of the Senate Committee on Oil and Gas Host Communities, Senator Benson Agadaga, said the HCDT initiative was helping to sustain peace in the Niger Delta.

“The little peace we are seeing in the region today is because of the achievements of the PIA. Host communities now see real development and are less hostile,” he noted.

The Managing Director of TotalEnergies Upstream Companies in Nigeria, Matthieu Bouyer, said the company was proud to be among the first to implement the HCDT mandate, adding that over 500 projects across 60 communities have been identified under its development plan.

“This initiative has created more than 1,000 jobs and will impact over 30,000 people,” Bouyer said, describing the Obagi Trust as “a model of what is possible when trust and policy align.”

The Chairman of the Obagi HCDT Board of Trustees, High Chief Dike Hopeson Dike, assured stakeholders of continued cooperation, revealing that the community had already provided over 125 solar-powered boreholes, addressing 70 per cent of its water needs.

“These projects are helping our people transition from poverty to prosperity,” Dike stated.

The Host Community Development Trust is one of the PIA’s flagship provisions designed to promote inclusiveness, transparency, and peace between oil companies and their host communities.

OPEC forecasts gasoline-led rise in 2026 oil demand

OPECThe Organisation of the Petroleum Exporting Countries has retained its global oil demand and supply forecasts for 2025, according to its Monthly Oil Market Report released on Monday.

While keeping its overall projections unchanged, the oil cartel provided new insights into product-level consumption trends, identifying jet fuel as a major driver of demand growth in 2025, while gasoline is expected to lead consumption expansion in 2026.

OPEC said the rebound in international air travel and sustained mobility demand in emerging markets would continue to underpin the medium-term outlook for global oil consumption.

A report by Argus said the group continues to expect oil demand to rise by 1.29 mn b/d to 105.14 million barrels per day in 2025 and by a further 1.38 million barrels per day to 106.52 million barrels per day in 2026.

It made small downward revisions to its 2025 demand growth projections for China and India compared with last month’s report, but stronger forecasts for other parts of Asia, as well as Africa and Latin America, offset the changes, keeping the overall non-OECD growth estimate broadly steady at around 1.2 million barrels per day.

Jet/kerosene is forecast to lead global demand growth in 2025, rising by 380,000 barrels per day year-on-year, followed by diesel and gasoline at 300,000 barrels per day and 280,000 barrels per day, respectively.

LPG and naphtha are expected to add a combined 510,000 b/d, driven by petrochemical demand, while heavy distillates are projected to decline by 120,000 b/d.

For 2026, gasoline is forecast to lead growth at 430,000 b/d, followed by jet/kerosene at 360,000 b/d. Diesel demand growth is projected to slow to 190,000 b/d. LPG and naphtha demand is forecast to increase by a combined 400,000 b/d.

On the supply side, OPEC left its non-OPEC+ output growth forecasts unchanged, at 810,000 b/d in 2025 and 630,000 b/d in 2026, led by the US, Brazil, Canada and Argentina.

Opec+ crude output, including Mexico, rose by 630,000 b/d on the month to 43.05 mn b/d in September, based on an average of secondary sources including Argus.

The group estimates the call on OPEC+ crude at 42.5 mn b/d in 2025 and 43.1 mn b/d in 2026, unchanged from its previous report.

Q3: Transcorp Power posts N91.2bn Profit Before Tax

Transcorp PowerTranscorp Power Plc, one of the power subsidiaries of conglomerate Transnational Corporation Plc, has recorded N91.2bn in profit before tax for the period ended 30 September 2025.

This was disclosed in its unaudited financial results for the third quarter.

In the period under review, the company’s revenue grew 38 per cent year-on-year to N308.5bn in Q3 2025, compared to N223.5bn in Q3 2024.

The firm said that the Q3 2025 performance was driven by an increase in average power generation, reflecting Transcorp Power’s continued investment in improving generation capacity and operational excellence.

Similarly, Profit After Tax rose to N68.42bn in Q3 2025, from N58.4bn in Q3 2024, representing a year-on-year growth of 17 per cent.

Commenting on the company’s performance, Chairman of Transcorp Power Plc, Emmanuel Nnorom, said, “Our performance in the third quarter, building on the positive momentum in the first half of the year, demonstrates Transcorp Power’s resilience and capacity to sustain profitability, despite economic challenges, supported by efficient operations strategies and prudent cost management. This sustained performance, in the face of economic headwinds, will further strengthen investor confidence in our capacity to create shared value and maintain our growth trajectory.”

The Managing Director/Chief Executive Officer, Transcorp Power Plc, Peter Ikenga, said, “The Q3 2025 results are underpinned by further growth in energy delivered to the grid and emphasise our strategic approach, which ensures we deliver ever-increasing value to our shareholders and stakeholders. These results illustrate our continuous drive to improve our business operations, eliminating waste and harnessing value. We are confident of finishing the year strong in fulfilment of our mission to improve lives and transform Africa.”

Transcorp Power Plc is one of Nigeria’s principal power generation companies.