The Opening Ceremony of Nigerian Youth Renaissance
The Opening Ceremony of Nigerian Youth Renaissance

The picture from the back of venue

INDEPENDENCE DAY
INDEPENDENCE DAY

“October 1st reminds us that freedom is responsibility. NYR stands firm with Nigerian youth for a united, peaceful, and prosperous nation.”

Breaking News Update
Breaking News Update

Breaking: INEC has released the official timetable for Nigeria’s 2026 general elections. Presidential and National Assembly polls will hold on *February 21, 2026*, while Governorship and State Assembly elections are scheduled for *March 7, 2026*. Full Article **INEC Releases Timetable for 2026 General Elections** *Abuja – October 7, 2025* The Independent National Electoral Commission (INEC) has published the official timetable for Nigeria’s 2026 general elections. Write your comment…

 Nigeria Commissions First Wholly Owned Floating Vessel
Nigeria Commissions First Wholly Owned Floating Vessel

Abuja / Bonny – October 8, 2025 Nigeria has officially commissioned its first wholly owned Floating Storage and Offloading (FSO) vessel to improve crude oil export operations and reduce dependence on pipelines. The new vessel, christened FSO Cawthorne, is stationed offshore near the Bonny export terminal in the Niger Delta. With a storage capacity of 2.2 million barrels, it is expected to play a crucial role in boosting production from Oil Mining Lease (OML) 18 and surrounding oil assets. Key Details & Significance The vessel was developed as a joint venture among NNPC (holding 55% in OML 18), Sahara Group, Eroton Exploration & Production, and Bilton Energy. It was converted from a Very Large Crude Carrier (VLCC) into a double-hull FSO designed to receive, store, and offload crude oil to export tankers. Its location and capabilities are expected to reduce risks associated with pipeline vandalism, theft, berthing constraints, and barge capacity limits. The vessel also aligns with production targets: OML 18 aims for 50,000 barrels per day in 2025. Reactions & Challenges Energy analysts have welcomed the development as a bold step toward strengthening Nigeria’s upstream infrastructure. However, questions remain about operational transparency, maintenance costs, and how effectively the vessel will be integrated into the broader export logistics chain. Civil society groups are urging the government and NNPC to ensure rigorous oversight and preventive measures against corruption, mismanagement, and environmental risks.