General
Lagos Unveils Black Pearl Towers in Eko Atlantic City

By Dipo Olowookere
Lagos State Governor, Mr Akinwunmi Ambode, on Friday evening said the State has the capacity and wherewithal to accommodate those who can dream big and realise their potentials to the fullest.
Governor Ambode, who spoke at the unveiling of the Eko Pearl Towers, a 24-storey state-of-the-art residential building, located within the Eko Atlantic City, Victoria Island, said the core objectives of his administration was to create an enabling environment for local and foreign investors alike to thrive.
The Governor who called up Chief Executive Officer of Eko Pearl Construction Company, Mr Elias Saad and Chief Executive Officer, Chagoury Group, Mr Ronald Chagoury to the stage during his remarks at the occasion, appreciated the duo, saying that they believed in the future of Lagos and did not hesitate to invest.
“Lagos State is looking for dreamers, you are more than a dreamer. What you’ve done here is nothing but just to inspire the rest of the city of Lagos saying that if we join hands together, we can do it.
“Lagos is the land of opportunities and many investment opportunities abound in transportation, entertainment and tourism. Our commitment is to create an environment where your investments are secure and profitable,” the Governor said.
He said the Eko Atlantic City Project, when completed, would go a long way to create employment and wealth for the people of the State.
The Governor added that aside being a major part of the changing face of Lagos, the project was also one of the most anticipated in the history of Nigeria and Africa.
Describing the unveiling of the Eko Pearl Towers as a remarkable day in the history of Lagos State as the Eko Atlantic City gradually comes to life, Governor Ambode said the structure, in all ramifications, represents the new standard for property development in the State.
“Eko Pearl Towers, the first residential development in Eko Atlantic City, is a set of high-rise buildings, privately owned & developed by the Eko Pearl Construction Company. I am told that the tower is a collection of deluxe two, three bedroom & penthouse type apartments with Sea and Marina views.
As we can see, this is a magnificent pearl by all standards, and the new standard for property development in Lagos State,” Governor Ambode said.
The Governor said his administration was embarking on many urbanisation projects which, when completed would deliver a Lagos that will compete favourably with all the mega city-states of the world which Lagosians can be proud of.
“All these efforts will reposition Lagos State, putting it firmly on the international map as not just the financial, commercial and tourist hub of Africa but also to create employment and wealth for our people.”
While congratulating the management of the Eko Atlantic City on the landmark achievement, Governor Ambode said the project was a clear example of the successful Public Private Partnership (PPP) between the State Government and the developer of project.
Mr Ambode seized the occasion to also call on other investors to take a cue from the management of the Eko Atlantic City and Eko Pearl and put their resources in the State, saying that Government was committed to creating an enabling environment for their businesses to thrive.
Earlier, Chief Executive Officer of Eko Pearl Construction Company, Mr Elias Saad, thanked the Lagos State Government for their support in helping him actualise his dream.
He said that the Eko Pearl Towers, also known as the Black Pearl Towers, was a residential high rise building located in the centre of Eko Atlantic City, adding that the White Pearl Tower under construction would also be ready by next year.
”People call me the dreamer, I’m so happy that I was able to actualise my dream in Lagos by delivering the Eko Pearl Towers like I promised,” Mr Saad said.
General
Oyetola Sets Accountability Bar for Maritime Agencies
By Adedapo Adesanya
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, has issued a strong warning to heads of agencies under the ministry, demanding strict accountability and measurable results.
Mr Oyetola issued the warning during the signing of performance bonds with heads of maritime agencies at the Ministerial Management Retreat, held alongside the 2026 first-quarter stakeholders’ engagement in Lagos on Thursday, where he emphasised the need for performance-driven governance.
“Let me emphasise that all Departments and Agencies under the Ministry must remain firmly focused on delivering tangible results,” he said.
In a statement by Mr Bolaji Akinola, Special Adviser to the Minister, Mr Oyetola noted that performance bonds to be signed during the retreat are binding commitments that will be closely monitored and rigorously evaluated.
“These are not ceremonial documents. They are binding commitments. Accountability will not be optional,” the Minister declared.
Mr Oyetola reiterated the need for data-driven decision-making, robust monitoring and evaluation frameworks, and alignment with the Ministry’s strategic objectives.
“At the institutional level, we must remain disciplined and accountable. Every department and agency must deliver measurable outcomes,” he added.
He explained that the retreat was designed to foster alignment between policy formulation, implementation, and stakeholder expectations.
“The integration of this engagement enables us to listen, reflect, and recalibrate,” he said.
The agencies include the Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Shippers’ Council (NSC), National Inland Waterways Authority (NIWA), Maritime Academy of Nigeria, and the Council for the Regulation of Freight Forwarding in Nigeria.
He also announced a 160 per cent increase in revenue generated by agencies under the ministry, attributing the growth to sweeping reforms and a renewed focus on accountability.
“In 2023, our agencies generated N700.79 billion. By the end of 2025, this figure had risen to approximately N1.83 trillion. This remarkable achievement is the result of deliberate and sustained reforms,” he stated.
The Minister explained that the gains were driven by strengthened regulatory oversight, improved revenue assurance mechanisms, digitalisation of key processes, and a firm commitment to blocking leakages.
“This gathering reflects our commitment to a governance approach that is inclusive, transparent, and results-driven,” he added, noting that the convergence of stakeholders, policymakers, and institutional leaders was designed to align policy with implementation and public expectations.
Mr Oyetola linked the ministry’s improved performance to broader sectoral reforms, including port modernisation, approval for disbursement of the Cabotage Vessel Financing Fund (CVFF), and ongoing efforts to enhance indigenous participation in maritime activities.
General
Presidency Explains Reason Tinubu Met Jos Attack Victims at Airport
By Modupe Gbadeyanka
The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, has explained why Mr Bola Tinubu addressed the victims of the Plateau attacks at the airport on Thursday evening.
The decision of President Tinubu to console victims of the attacks, which left over 20 persons dead, at the Yakubu Gowon Airport in Jos last night has continued to generate reactions.
He was criticised for not visiting the victims at the epicentre, Angwan Rukuba, instead of having them to travel to meet with him at the airport.
In a statement on Friday, Mr Onanuga said his principal’s itinerary for yesterday included two main engagements: receiving the Chadian President, Mahamat Idriss Déby Itno, and proceeding to Iperu, Ogun State.
“After Governor Caleb Mutfwang’s briefing, President Tinubu suspended the trip to Ogun. Overnight, the Presidential Villa made arrangements for the visit to Jos, with presidential assets quickly deployed. However, the President could not postpone the scheduled visit by the Chadian leader.
“The President of Chad was at the Presidential Villa for a very important bilateral meeting focused on strengthening security collaboration between the two countries. The meeting ran longer than expected, affecting President Tinubu’s scheduled departure for Jos.
“Upon arrival in Jos, the visit encountered some logistical challenges. While the road distance from the airport to Jos township is approximately 40 minutes, the runway does not support night flights due to the absence of navigational aids. The constraints made it unfeasible to drive into town, meet victims for on-the-spot assessment and return to the airport before dusk.
“Consequently, state and federal officials decided to bring representatives of the affected community to a hall adjoining the airport so the President could meet with them promptly while adhering to flight restrictions. Among the people in the hall were the Minister of Defence, the Chief of Army Staff and the Inspector General of Police, who had visited Rukuba, the epicentre of the conflict. President Tinubu deployed the high-level team to Rukuba, including the Senior Special Assistant on Community Engagement, to undertake critical groundwork on security and community engagement, with a view to stabilising the area before his arrival.
“Beyond expressing his condolences to the victims, President Tinubu’s objective was to engage with critical stakeholders in Plateau State on ending the recurring, decades-old conflict that has resulted in needless loss of lives and property.
“President Tinubu’s visit to Jos was not merely symbolic. It was a strategic, high-level engagement aimed at bringing all stakeholders together to address the root causes of conflict and insecurity in the state.
“He interacted with the victims, consoled them, and listened to them. He also listened to local leaders and assured them that the federal government would deliver justice and end the cycle of violence. He promised the deployment of 5000 AI-enabled cameras to monitor the city and enhance the identification and arrest of troublemakers.
“Furthermore, the President invited the community leaders to Abuja for further talks on finding a lasting solution to the recurring violence in the state.
“The meeting, televised live, was solemn and reassuring, boosting residents’ confidence. President Tinubu achieved the purpose of his visit, despite the naysayers’ attempts to ridicule it. He dropped an unmistakable message: sustainable peace must be built with the people, not imposed on them,” the presidency explained.
General
Seplat Workers Begin Indefinite Strike Over Welfare Dispute
By Adedapo Adesanya
Workers of Seplat Energy Plc, under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), began an indefinite strike on Friday as talks over a collective bargaining agreement and staff welfare issues broke down.
This development may impact Nigeria’s oil production at a time when the world is facing shortages due to the Iran war, and global oil prices are recording multi-year highs.
It will also hurt Seplat Energy’s operation as Nigeria’s largest independent oil and gas producer, adding to pressure on the country to maximise supply, which is fluctuating around 1.3 million barrels per day.
PENGASSAN said its action would remain active “until further notice, adding that its members would suspend most operations, including production reporting and export activities, while maintaining only essential safety and power functions.
The strike notice covers onshore and offshore assets, joint‑venture operations and offices nationwide from Friday.
Other less-skilled workers are covered by the Nigeria Labour Congress (NLC), which is not on strike with PENGASSAN.
Seplat Energy’s group production averaged 131,506 barrels of oil equivalent per day in 2025, according to its latest audited results. That is the equivalent of around 7 per cent–9 per cent of Nigeria’s total liquids production.
The company expects output to rise to 155,000 barrels of oil equivalent per day, making any sustained disruption particularly sensitive for Nigeria’s supply outlook.
With the company’s output expected to rise, any prolonged disruption could significantly impact Nigeria’s oil supply and fiscal outlook.
The company also plans to revive hundreds of Nigerian oil wells lying fallow, which, according to its chief executive, Mr Roger Brown, will be done in collaboration with the state-owned Nigerian National Petroleum Company (NNPC) Limited, as legally mandated in the country’s oil and gas industry.
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