BY NKECHI NAECHE-ESEZOBOR—NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies—Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd—as part of efforts to complete and fully operationalize the Port Harcourt and Warri refineries.
The agreement, executed in China, was signed by the Group Chief Executive Officer of NNPC Ltd, Bashir Bayo Ojulari, alongside Chairman of Sanjiang Chemical Company, Guan Jianzhong, and Chairman of Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, Bill Bi.
According to a statement issued by the Chief Corporate Communications Officer of NNPC Ltd, Andy Odeh, the collaboration is structured around a potential Technical Equity Partnership (TEP). The framework is expected to support the completion of outstanding work at both refineries, as well as their operation and maintenance to achieve efficient and sustainable performance.
The partnership also includes plans for expansion and upgrades aimed at improving product quality to meet cleaner and more profitable standards. In addition, the proposed collaboration will explore opportunities to boost petrochemical output and develop gas-based industrial hubs around the refinery locations.
Ojulari described the signing of the MoU as a significant milestone, noting that it followed over six months of engagement between the technical and management teams of NNPC Ltd and its Chinese partners. He added that the agreement marks a critical step toward identifying suitable technical equity partners to restart and expand Nigeria’s refining capacity.
The MoU, he said, also opens the door for further discussions on co-located petrochemical projects and gas-based industries, which are expected to enhance value across the downstream sector.
While the agreement signals strong intent from all parties, NNPC Ltd noted that it represents a preliminary framework, with more detailed and binding arrangements expected to be finalized in due course.
The National Information Technology Development Agency has denied any affiliation with an online earning and marketing platform known as CPM. This rebuttal follows reports that the platform was demanding money from users to repair its allegedly hacked systems.
The agency issued the disclaimer in a statement signed by its Director, Corporate Communications and Media Relations Department, Hadiza Umar, on Monday, describing the reports as false and misleading.
According to media reports, subscribers via the platform operators reported that their systems had been hacked and that additional payments were required from subscribers to resolve the issue and recover funds.
NITDA allegedly was helping them to resolve the issue and that subscribers needed to make additional payments to support the process.
NITDA debunked those reports dissociating itself from CPM, noting that the agency, as a government agency, did not request money.
“NITDA wishes to categorically state that these claims are false and misleading.
“As a government agency and Nigeria’s Information Technology regulator, NITDA does not request or collect money from citizens to provide incident response support, recover funds, or assist private entities in resolving cybersecurity incidents,” NITDA said.
The agency alleged that the efforts of the so-called CPM to disguise itself as NITDA indicated possible social engineering and fraudulent activity. It said the efforts targeted exploiting affected individuals under the pretence of resolving a cybersecurity incident or recovering lost investments.
NITDA warned Nigerians against making financial payments to any bodies or organisations that claim NITDA requires such payments for operations.
“Members of the public are therefore strongly advised to exercise caution and avoid making any additional payments to any individual, group, or platform claiming that such payments are required by or connected to NITDA.
“The reported pattern may indicate possible social engineering or fraudulent activity aimed at exploiting affected individuals under the guise of resolving a cybersecurity incident or recovering lost investments,” the agency said.
NITDA said Nigeria should exercise caution when dealing with online investment and trading platforms and must avoid sending additional funds in an attempt to recover previous investments or losses.
The agency added that online users must verify any claims of government involvement directly through official channels and refrain from sharing sensitive personal or financial information with unverified entities.
The regulator reiterated that Nigerians must promptly report suspicious cyber-related activities to the appropriate authorities to contain increasing risks of online attacks and fraud.
“NITDA remains committed to promoting cybersecurity awareness and protecting the public against cyber-enabled fraud and deceptive online activities.”
BY NKECHI NAECHE-ESEZOBOR—Nigeria’s aviation sector may experience operational setbacks after the Nigerian Civil Aviation Authority, (NCAA), moved to tighten enforcement on airlines owing regulatory levies, targeting 11 local carriers in a fresh compliance crackdown.
In a directive issued on May 22, 2026, the aviation regulator instructed its departments nationwide to halt official support and approvals for the affected operators until outstanding financial obligations are resolved or structured repayment arrangements are reached.
The action stems from unpaid remittances linked to the mandatory five per cent Ticket Sales Charge and Cargo Sales Charge, deductions airlines collect on behalf of the NCAA to finance aviation safety monitoring, workforce development and economic supervision across the industry.
According to the internal communication signed by the Director of Finance and Accounts, Olufemi Odukoya, no agency unit is permitted to provide services to any listed airline without prior financial authorisation from the finance department. The memo was also copied to the Director-General of Civil Aviation and senior management officials.
Among the carriers affected are Air Peace, Ibom Air, Arik Air, United Nigeria Airlines, Umza Air, NG Eagle, Max Air, Caverton Helicopters, Overland Airways, Rano Air and ValueJet.
Industry stakeholders say the enforcement measure could disrupt regulatory processing for the airlines involved, potentially affecting flight operations, approvals and other administrative activities if the debt issues remain unresolved.