General
LCC, Chevron Partner to Ease Eti-Osa/Lekki-Epe Expressway Traffic
By Dipo Olowookere
In a bid to work out ways to proffer a permanent solution to the traffic gridlock currently being experienced at the Chevron roundabout on the Eti-Osa/Lekki-Epe Expressway, Lagos, especially during rush hour, the management of Lekki Concession Company Limited (LCC) has met with Chevron Nigeria Limited.
Managing Director of LCC, Mr M.M. Hassan, and the Chevron delegate led by its Security Operations Manager, Dr Olusoji Fakunle, during a meeting at the LCC’s head office, Conservation Toll Plaza, Eti-Osa/Lekki-Epe Expressway, fine-tuned modalities to ease the traffic on the expressway.
It was gathered that following the conversion of the roundabouts at Chisco and Jakande to signalized intersection by the Lagos State Government to ease traffic flow on the expressway, traffic previously held back at these roundabouts has now been flushed to the other roundabouts along the axis including Chevron roundabout.
Furthermore, owing to the development of new estates and increase in commercial activities on Chevron drive, the two parties agreed that there was need to collaborate together to ease the traffic in these areas for the benefit of the road users.
They agreed on measures to improve the traffic situation on Chevron drive which includes the removal of some of the speed bumps and reduction of the zebra crossing from three to one on this road. The effectiveness of this will be monitored overtime.
The Security Operations Manager of Chevron, Dr Fakunle, while speaking assured LCC of Chevron’s cooperation in ensuring the free flow of traffic on Chevron Drive and its support in flushing out commercial motorcycle operators popularly called ‘Okada’ who have now constituted a nuisance and also pose as security threat to the properties and motorists plying that road.
The MD of LCC, Mr M.M Hassan, assured Chevron of its commitment to a safer road, adding that the decision to meet and collaborate with the organization was informed by the need to improve the flow of traffic on the expressway, without compromising the safety of the road users, especially now that the Eti-Osa/Lekki-Epe Expressway is being used as a model by other states.
He commended Chevron for being socially responsible for the safety measures they put in place for road users and assured them that LCC will continue to support them with the required assistance by its Security, Route and Incident team.
By Adedapo Adesanya
The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced that Nigeria will launch a new alphanumeric postcode system on October 1, 2026, with every home expected to have a unique postcode.
Mr Tijani disclosed the development in a video post on X, describing the new system as a more precise and digitally oriented approach to addressing locations across the country.
He said the initiative would mark a significant shift in Nigeria’s postal addressing system by assigning unique postcodes to individual homes.
The initiative marks a major step in Nigeria’s digital transformation agenda. By replacing the outdated numeric-only system, the alphanumeric codes provide a more flexible and scalable framework that can accommodate the country’s rapid urban growth and diverse settlement patterns.
For emphasis, an alphanumeric postcode system is a postal indexing system that uses a combination of both letters (alpha) and numbers (numeric), along with spaces or punctuation, to identify specific geographic locations, streets, or individual buildings for mail delivery.
Unlike purely numeric postcode systems (such as the 5-digit US ZIP Code or 5-digit codes used in some European countries), alphanumeric codes offer a much higher number of unique combinations using fewer total characters. This flexibility allows postal authorities to pinpoint locations with incredible precision, often down to a single side of a street or a specific large building.
“On October 1st 2026 Nigeria’s new Alphanumeric Postcode System goes live,” Mr Tijani said.
“For the first time, every home will be assigned a unique postcode that’s simple, precise and built for a digital future,” he added.
The minister urged Nigerians to prepare to generate their individual postcodes ahead of the launch.
The new system is expected to strengthen Nigeria’s digital addressing infrastructure and improve the identification and location of homes and properties for postal and other location-based services.
The initiative is being implemented in collaboration with the Nigerian Postal Service (NIPOST) as part of broader efforts to modernise the country’s addressing and digital infrastructure.
By Modupe Gbadeyanka
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has been directed to give an account to Nigerians on how the current government has fared since its inception on May 29, 2023.
This directive was given by President Bola Tinubu in a message posted on his verified social media handles on Wednesday.
This coincides with the commencement of campaigns for the 2027 presidential election scheduled for January 16.
According to the timetable of the Independent National Electoral Commission (INEC), candidates seeking to become the country’s president are eligible to kick off their campaigns from today, Wednesday, August 19, 2026.
In his message today, Mr Tinubu said, “When we began this journey of reform in 2023, I promised that the difficult decisions we were making would serve the purpose of building an economy that works better for you and a country that is stronger for our children.
“Today, your government presents The Reforms Scorecard. It sets out what our reforms have achieved, what they have cost us, and the greater costs and harms we have prevented by acting when we did.
“I have therefore directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to give an account to Nigerians, to explain the numbers, the choices we have made, the progress recorded, and the work that remains.
“You deserve to see the numbers. You deserve to know what has changed and what these reforms mean for you, your family, your business and our country.
“This is your government. This is your country. This is our account to you.”
Shortly after he took the oath of office over three years ago, President Tinubu declared that subsidies on petroleum products were gone. He later approved foreign exchange (FX) reforms, which devalued the Nigerian Naira, shooting from about N800 per Dollar to nearly N2,000 per Dollar. However, it is currently slightly above N1,340 per Dollar in the official market.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Agip Exploration (NAE) Limited are advancing discussions on the development of deepwater assets estimated to hold 500 million barrels of oil reserves.
The development followed a meeting between the chief executive of the state oil company, Mr Bayo Ojulari, and Agip’s Vice Chairman and Managing Director, Mr Maurizio Pinna, in Abuja.
The talks focused on ongoing work on deepwater acreage jointly held by NNPC, NAE and Shell Nigeria Exploration and Production Company (SNEPCo) as well as plans to bring the associated resources into production.
According to NNPC, the acreage comprises the Zabazaba and Etan deepwater fields, with estimated reserves of about 500 million barrels.
The fields are located in Nigeria’s deepwater terrain and are considered significant to the country’s efforts to expand its upstream oil production base, particularly as operators seek to advance projects capable of delivering additional barrels over the medium to long term.
While details of the expected production timeline were not disclosed, the meeting underscores renewed industry focus on unlocking Nigeria’s deepwater resources and growing crude oil production.
The acreage comprises licences converted from OPL 245 and is operated by NAE in partnership with NNPC Limited and SNEPCo.
Mr Ojulari and Mr Pinna also reviewed the work currently underway on the assets and the expected production outlook, with the discussions centred on advancing deepwater development.
The engagement comes amid renewed efforts to attract investment into Nigeria’s offshore petroleum resources and increase national oil production.
